Shaker Museum And Library
Shaker Museum And Library maintains strong asset growth despite fluctuating revenues and reports no officer compensation.
EIN: 141364601 · Old Chatham, NY · NTEE: A500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $1.3M |
| Program Spending | 80% |
| Net Assets | $10.1M |
| Transparency Score | 85/100 |
Is Shaker Museum And Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shaker Museum And Library directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shaker Museum And Library
Shaker Museum And Library (EIN: 141364601) is a nonprofit organization based in Old Chatham, NY, classified under NTEE code A500. The organization reported total revenue of $2.4M and total assets of $11.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shaker Museum And Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shaker Museum And Library is a mid-size nonprofit that has been operating for 73 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-141,435 |
| Total Assets | $10.4M |
| Total Liabilities | $294K |
| Net Assets | $10.1M |
| Operating Margin | -12.7% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 99.3 months |
Financial Health Grade: B
In 2023, Shaker Museum And Library reported a deficit of $141K with expenses exceeding revenue, holds 99.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Shaker Museum And Library's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.6% | +13.8% | +0.2% |
| 2022 | -21.6% | +1.4% | +11.7% |
| 2021 | -16.6% | +32.0% | +15.7% |
| 2020 | +347.1% | -0.6% | +57.8% |
| 2019 | -43.2% | +10.8% | -6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1953 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Shaker Museum And Library with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Shaker Museum And Library allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $141K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or compensation structured in a way not reported under this specific category on the IRS 990. This practice, while potentially indicating low overhead, requires further clarification for full transparency regarding leadership remuneration.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Shaker Museum And Library's IRS 990 filings:
- Significant year-over-year revenue volatility, making financial planning potentially challenging.
- Unclear executive compensation structure given consistent 0% officer compensation reported, which may obscure actual leadership remuneration.
Strengths
The following positive indicators were identified for Shaker Museum And Library:
- Strong and consistent growth in assets, from $5,096,940 in 2019 to $11,251,174 in the latest filing, indicating robust financial health.
- Well-managed liabilities, showing a decreasing trend from $1,345,619 in 2014 to $294,441 in 2023.
- Relatively stable expense levels, generally under $1.3 million annually, demonstrating controlled spending.
- Consistent program focus, as implied by the NTEE code A500 (Museums) and the overall financial stability supporting its mission.
Frequently Asked Questions about Shaker Museum And Library
Is Shaker Museum And Library a legitimate charity?
Shaker Museum And Library (EIN: 141364601) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.4M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Shaker Museum And Library spend its money?
Shaker Museum And Library directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Shaker Museum And Library tax-deductible?
Shaker Museum And Library is registered as a tax-exempt nonprofit (EIN: 141364601). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Shaker Museum And Library's spending goes to programs?
Shaker Museum And Library directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Shaker Museum And Library compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Shaker Museum And Library is above average for NTEE category A500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shaker Museum And Library located?
Shaker Museum And Library is headquartered in Old Chatham, New York and files with the IRS under EIN 141364601. It is classified under NTEE code A500.
How many years of IRS 990 filings does Shaker Museum And Library have?
Shaker Museum And Library has 13 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 $2.4M in total revenue.
How does Shaker Museum And Library manage to report 0% officer compensation consistently?
The consistent reporting of 0% officer compensation across all filings suggests that executive leadership may be volunteer-based, compensated through a related entity, or that their compensation is categorized differently on the 990 form. Further inquiry into their compensation policies would be needed for a definitive answer.
What caused the significant revenue fluctuations, such as the drop from $3,387,194 in 2020 to $757,652 in 2019?
The IRS 990 data shows a significant revenue fluctuation, with revenue at $757,652 in 2019, then jumping to $3,387,194 in 2020, and then decreasing to $1,116,998 in 2023. These swings could be due to large one-time donations, grants for specific projects, or economic factors impacting fundraising and admissions. A detailed review of their revenue sources would be necessary to understand these variations.
How does the organization plan to address the recent deficit where expenses ($1,258,433) exceeded revenue ($1,116,998) in 2023?
In 2023, the organization experienced a deficit where expenses exceeded revenue. Given their substantial assets ($10,412,586 in 2023), this deficit may have been covered by reserves or investment income. However, sustained deficits could impact long-term financial health, and understanding their strategy to balance future budgets is important.
Filing History
IRS 990 filing history for Shaker Museum And Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Shaker Museum And Library's revenue has grown by 41.8%, moving from $788K to $1.1M. Total assets increased by 234.6% over the same period, from $3.1M to $10.4M. Total functional expenses rose by 155.6%, from $492K to $1.3M. In its most recent filing year (2023), Shaker Museum And Library reported a deficit of $141K, with expenses exceeding revenue. The organization holds $294K in liabilities against $10.4M in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $10.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.3M | $10.4M | $294K | — | — |
| 2022 | $2.2M | $1.1M | $10.4M | $132K | — | — |
| 2021 | $2.8M | $1.1M | $9.3M | $155K | — | View 990 |
| 2020 | $3.4M | $825K | $8.0M | $550K | — | — |
| 2019 | $758K | $830K | $5.1M | $241K | — | View 990 |
| 2018 | $1.3M | $749K | $5.4M | $461K | — | View 990 |
| 2017 | $858K | $812K | $5.2M | $792K | — | View 990 |
| 2016 | $565K | $524K | $5.0M | $701K | — | View 990 |
| 2015 | $707K | $458K | $5.2M | $902K | — | View 990 |
| 2014 | $1.1M | $449K | $5.4M | $1.3M | — | View 990 |
| 2013 | $1.3M | $519K | $4.4M | $1.1M | — | View 990 |
| 2012 | $416K | $470K | $3.0M | $388K | — | View 990 |
| 2011 | $788K | $492K | $3.1M | $429K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.3M, and assets of $10.4M (revenue -49.6% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.1M, and assets of $10.4M (revenue -21.6% year-over-year).
- 2021: Revenue of $2.8M, expenses of $1.1M, and assets of $9.3M (revenue -16.6% year-over-year).
- 2020: Revenue of $3.4M, expenses of $825K, and assets of $8.0M (revenue +347.1% year-over-year).
- 2019: Revenue of $758K, expenses of $830K, and assets of $5.1M (revenue -43.2% year-over-year).
- 2018: Revenue of $1.3M, expenses of $749K, and assets of $5.4M (revenue +55.3% year-over-year).
- 2017: Revenue of $858K, expenses of $812K, and assets of $5.2M (revenue +51.9% year-over-year).
- 2016: Revenue of $565K, expenses of $524K, and assets of $5.0M (revenue -20.1% year-over-year).
- 2015: Revenue of $707K, expenses of $458K, and assets of $5.2M (revenue -35.6% year-over-year).
- 2014: Revenue of $1.1M, expenses of $449K, and assets of $5.4M (revenue -12.6% year-over-year).
- 2013: Revenue of $1.3M, expenses of $519K, and assets of $4.4M (revenue +202.0% year-over-year).
- 2012: Revenue of $416K, expenses of $470K, and assets of $3.0M (revenue -47.2% year-over-year).
- 2011: Revenue of $788K, expenses of $492K, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shaker Museum And Library:
Data Sources and Methodology
This transparency report for Shaker Museum And Library 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.