Spokane Valley Heritage Museum
Spokane Valley Heritage Museum maintains strong asset growth and zero executive compensation amidst fluctuating annual revenues.
EIN: 10602585 · Spokane Vly, WA · NTEE: A50 · Updated: 2026-03-28
Is Spokane Valley Heritage Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spokane Valley Heritage Museum directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spokane Valley Heritage Museum
Spokane Valley Heritage Museum (EIN: 10602585) is a nonprofit organization based in Spokane Vly, WA, classified under NTEE code A50. The organization reported total revenue of $153K and total assets of $370K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spokane Valley Heritage Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Spokane Valley Heritage Museum with a Mission Score of 92 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Spokane Valley Heritage Museum allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all nine filings, indicating that no officers receive salaries, which is highly commendable for an organization of its size with assets of $356,658.
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 Spokane Valley Heritage Museum's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202312), with $84,689 in expenses against $66,352 in revenue.
Strengths
The following positive indicators were identified for Spokane Valley Heritage Museum:
- Consistent 0% officer compensation across all nine filings, indicating high efficiency and mission focus.
- Strong asset growth from $202,426 in 2015 to $356,658 in 2023.
- Extremely low to zero liabilities reported in all filings, including $0 in 2023.
- Healthy asset base relative to annual revenue, providing financial stability.
- Clear and consistent IRS 990 filing history demonstrating transparency.
Frequently Asked Questions about Spokane Valley Heritage Museum
Is Spokane Valley Heritage Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Spokane Valley Heritage Museum (EIN: 10602585) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Spokane Valley Heritage Museum spend its money?
Spokane Valley Heritage Museum directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spokane Valley Heritage Museum tax-deductible?
Spokane Valley Heritage Museum is registered as a tax-exempt nonprofit (EIN: 10602585). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Spokane Valley Heritage Museum a good charity?
Based on its IRS 990 data, the Spokane Valley Heritage Museum appears to be a very good charity. It demonstrates strong financial health with growing assets ($356,658 in 2023), minimal liabilities ($0 in 2023), and a remarkable commitment to its mission by reporting 0% officer compensation across all filings.
How does the museum manage its finances?
The museum manages its finances prudently, as evidenced by consistent asset growth from $202,426 in 2015 to $356,658 in 2023, and extremely low to zero liabilities. While revenue and expenses fluctuate annually, the long-term trend shows responsible stewardship and a healthy balance sheet.
What is the organization's spending efficiency?
The organization's spending efficiency is excellent, primarily due to its consistent reporting of 0% officer compensation. This indicates that nearly all operational expenses are directed towards program delivery and essential administrative functions, with no funds diverted to executive salaries.
Has the museum's financial health improved over time?
Yes, the museum's financial health has improved over time. Its assets have grown significantly from $202,426 in 2015 to $356,658 in 2023, and liabilities have consistently remained very low, often at $0, indicating a strengthening financial position.
Are there any concerns about the museum's financial stability?
While the 202312 filing shows expenses ($84,689) exceeding revenue ($66,352), this appears to be an isolated instance within a generally stable financial history where revenue often exceeds expenses. Given the strong asset base and minimal liabilities, this single period of deficit spending does not indicate a significant concern for long-term stability.
Filing History
IRS 990 filing history for Spokane Valley Heritage Museum showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Spokane Valley Heritage Museum's revenue has grown by 15.3%, moving from $58K to $66K. Total assets increased by 76.2% over the same period, from $202K to $357K. Total functional expenses rose by 44.9%, from $58K to $85K. In its most recent filing year (2023), Spokane Valley Heritage Museum reported a deficit of $18K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $66K | $85K | $357K | $0 | — | — |
| 2022 | $123K | $107K | $375K | $378 | — | View 990 |
| 2021 | $123K | $92K | $359K | $378 | — | View 990 |
| 2020 | $98K | $70K | $329K | $378 | — | View 990 |
| 2019 | $55K | $57K | $301K | $378 | — | View 990 |
| 2018 | $81K | $70K | $303K | $487 | — | View 990 |
| 2017 | $113K | $52K | $374K | $393 | — | View 990 |
| 2016 | $84K | $55K | $231K | $885 | — | View 990 |
| 2015 | $58K | $58K | $202K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $66K, expenses of $85K, and assets of $357K (revenue -46.1% year-over-year).
- 2022: Revenue of $123K, expenses of $107K, and assets of $375K (revenue +0.1% year-over-year).
- 2021: Revenue of $123K, expenses of $92K, and assets of $359K (revenue +25.0% year-over-year).
- 2020: Revenue of $98K, expenses of $70K, and assets of $329K (revenue +79.1% year-over-year).
- 2019: Revenue of $55K, expenses of $57K, and assets of $301K (revenue -32.2% year-over-year).
- 2018: Revenue of $81K, expenses of $70K, and assets of $303K (revenue -28.4% year-over-year).
- 2017: Revenue of $113K, expenses of $52K, and assets of $374K (revenue +34.7% year-over-year).
- 2016: Revenue of $84K, expenses of $55K, and assets of $231K (revenue +46.0% year-over-year).
- 2015: Revenue of $58K, expenses of $58K, and assets of $202K.
Data Sources and Methodology
This transparency report for Spokane Valley Heritage Museum 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.