River Heritage Museum Inc
EIN: 611315396 · Paducah, KY · NTEE: A540
| Metric | Value |
|---|---|
| Total Revenue | $368K |
| Total Expenses | $312K |
| Net Assets | $878K |
Is River Heritage Museum Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About River Heritage Museum Inc
River Heritage Museum Inc (EIN: 611315396) is a nonprofit organization based in Paducah, KY, classified under NTEE code A540. The organization reported total revenue of $368K and total assets of $859K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of River Heritage Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
River Heritage Museum Inc is a small nonprofit that has been operating for 29 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $357K |
| Total Expenses | $312K |
| Surplus / Deficit | +$45K |
| Total Assets | $935K |
| Total Liabilities | $57K |
| Net Assets | $878K |
| Operating Margin | 12.5% |
| Debt-to-Asset Ratio | 6.1% |
| Months of Reserves | 36.0 months |
Financial Health Grade: A
In 2023, River Heritage Museum Inc reported a surplus of $45K with revenue exceeding expenses, holds 36.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), River Heritage Museum Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.8% | +13.9% | +10.8% |
| 2022 | +26.7% | +17.0% | -6.6% |
| 2021 | -26.8% | -12.4% | -4.4% |
| 2020 | -19.0% | -10.2% | -2.8% |
| 2019 | +14.1% | -1.2% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for River Heritage Museum Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates River Heritage Museum Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $45K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.1%.
Frequently Asked Questions about River Heritage Museum Inc
Is River Heritage Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, River Heritage Museum Inc (EIN: 611315396) insufficient data. 0 red flags identified, 0 strengths noted.
How does River Heritage Museum Inc spend its money?
Detailed spending breakdown data is not yet available for River Heritage Museum Inc. Check back for updated IRS 990 analysis.
Are donations to River Heritage Museum Inc tax-deductible?
River Heritage Museum Inc is registered as a tax-exempt nonprofit (EIN: 611315396). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is River Heritage Museum Inc located?
River Heritage Museum Inc is headquartered in Paducah, Kentucky and files with the IRS under EIN 611315396. It is classified under NTEE code A540.
How many years of IRS 990 filings does River Heritage Museum Inc have?
River Heritage Museum Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $368K in total revenue.
Filing History
IRS 990 filing history for River Heritage Museum Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), River Heritage Museum Inc's revenue has grown by 81%, moving from $197K to $357K. Total assets decreased by 23.8% over the same period, from $1.2M to $935K. Total functional expenses fell by 9.1%, from $343K to $312K. In its most recent filing year (2023), River Heritage Museum Inc reported a surplus of $45K, with revenue exceeding expenses. The organization holds $57K in liabilities against $935K in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $878K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $357K | $312K | $935K | $57K | — | — |
| 2022 | $246K | $274K | $844K | $11K | — | View 990 |
| 2021 | $194K | $234K | $904K | $43K | — | — |
| 2020 | $266K | $267K | $946K | $44K | — | View 990 |
| 2019 | $328K | $298K | $973K | $69K | — | View 990 |
| 2018 | $288K | $301K | $1.0M | $135K | — | View 990 |
| 2017 | $343K | $293K | $1.0M | $127K | — | View 990 |
| 2016 | $323K | $293K | $1.0M | $167K | — | View 990 |
| 2015 | $415K | $340K | $1.0M | $243K | — | View 990 |
| 2014 | $274K | $317K | $1.1M | $372K | — | View 990 |
| 2013 | $285K | $388K | $1.1M | $367K | — | View 990 |
| 2012 | $197K | $343K | $1.2M | $350K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $357K, expenses of $312K, and assets of $935K (revenue +44.8% year-over-year).
- 2022: Revenue of $246K, expenses of $274K, and assets of $844K (revenue +26.7% year-over-year).
- 2021: Revenue of $194K, expenses of $234K, and assets of $904K (revenue -26.8% year-over-year).
- 2020: Revenue of $266K, expenses of $267K, and assets of $946K (revenue -19.0% year-over-year).
- 2019: Revenue of $328K, expenses of $298K, and assets of $973K (revenue +14.1% year-over-year).
- 2018: Revenue of $288K, expenses of $301K, and assets of $1.0M (revenue -16.1% year-over-year).
- 2017: Revenue of $343K, expenses of $293K, and assets of $1.0M (revenue +6.3% year-over-year).
- 2016: Revenue of $323K, expenses of $293K, and assets of $1.0M (revenue -22.1% year-over-year).
- 2015: Revenue of $415K, expenses of $340K, and assets of $1.0M (revenue +51.1% year-over-year).
- 2014: Revenue of $274K, expenses of $317K, and assets of $1.1M (revenue -3.6% year-over-year).
- 2013: Revenue of $285K, expenses of $388K, and assets of $1.1M (revenue +44.4% year-over-year).
- 2012: Revenue of $197K, expenses of $343K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for River Heritage Museum Inc:
Data Sources and Methodology
This transparency report for River Heritage Museum Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.