Secondmuse Foundation
EIN: 842181021 · Lake Oswego, OR · NTEE: S80
| Metric | Value |
|---|---|
| Total Revenue | $941K |
| Total Expenses | $7.0M |
| Net Assets | $3.6M |
Is Secondmuse Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Secondmuse Foundation
Secondmuse Foundation (EIN: 842181021) is a nonprofit organization based in Lake Oswego, OR, classified under NTEE code S80. The organization reported total revenue of $941K and total assets of $788K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Secondmuse Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Secondmuse Foundation is a small nonprofit that has been operating for 6 years, with 3 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 29.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $7.0M |
| Surplus / Deficit | $-2,186,455 |
| Total Assets | $4.6M |
| Total Liabilities | $1.1M |
| Net Assets | $3.6M |
| Operating Margin | -45.8% |
| Debt-to-Asset Ratio | 23.4% |
| Months of Reserves | 8.0 months |
Financial Health Grade: B
In 2023, Secondmuse Foundation reported a deficit of $2.2M with expenses exceeding revenue, holds 8.0 months of operating reserves (strong position), has a debt-to-asset ratio of 23.4% (moderate leverage).
Financial Trends
Over 3 years of filings (2019–2023), Secondmuse Foundation's revenue has grown at a compound annual growth rate (CAGR) of 29.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +107.6% | +226.0% | +106.1% |
| 2020 | +35.3% | +464.9% | +34.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Secondmuse Foundation 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 Secondmuse Foundation 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 deficit of $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.4%.
Frequently Asked Questions about Secondmuse Foundation
Is Secondmuse Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Secondmuse Foundation (EIN: 842181021) insufficient data. 0 red flags identified, 0 strengths noted.
How does Secondmuse Foundation spend its money?
Detailed spending breakdown data is not yet available for Secondmuse Foundation. Check back for updated IRS 990 analysis.
Are donations to Secondmuse Foundation tax-deductible?
Secondmuse Foundation is registered as a tax-exempt nonprofit (EIN: 842181021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Secondmuse Foundation located?
Secondmuse Foundation is headquartered in Lake Oswego, Oregon and files with the IRS under EIN 842181021. It is classified under NTEE code S80.
How many years of IRS 990 filings does Secondmuse Foundation have?
Secondmuse Foundation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $941K in total revenue.
Filing History
IRS 990 filing history for Secondmuse Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2019–2023), Secondmuse Foundation's revenue has grown by 180.9%, moving from $1.7M to $4.8M. Total assets increased by 176.6% over the same period, from $1.7M to $4.6M. Total functional expenses rose by 1741.9%, from $378K to $7.0M. In its most recent filing year (2023), Secondmuse Foundation reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $4.6M in assets (debt-to-asset ratio: 23.4%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $7.0M | $4.6M | $1.1M | — | — |
| 2020 | $2.3M | $2.1M | $2.3M | $769K | — | View 990 |
| 2019 | $1.7M | $378K | $1.7M | $358K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $7.0M, and assets of $4.6M (revenue +107.6% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.1M, and assets of $2.3M (revenue +35.3% year-over-year).
- 2019: Revenue of $1.7M, expenses of $378K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Secondmuse Foundation:
Data Sources and Methodology
This transparency report for Secondmuse Foundation 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.