Sterling Hill Mining Museum Inc
Sterling Hill Mining Museum Inc - Transparent Operations and Strong Program Focus
EIN: 223125202 · Ogdensburg, NJ · NTEE: A570 · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $436K |
| Program Spending | 65% |
| Net Assets | $7.3M |
| Transparency Score | 92/100 |
Is Sterling Hill Mining Museum Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sterling Hill Mining Museum Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Sterling Hill Mining Museum Inc
Sterling Hill Mining Museum Inc (EIN: 223125202) is a nonprofit organization based in Ogdensburg, NJ, classified under NTEE code A570. The organization reported total revenue of $1.1M and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sterling Hill Mining Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sterling Hill Mining Museum Inc is a mid-size nonprofit that has been operating for 34 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -5.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $422K |
| Total Expenses | $436K |
| Surplus / Deficit | $-13,914 |
| Total Assets | $7.3M |
| Total Liabilities | $3K |
| Net Assets | $7.3M |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 201.5 months |
Financial Health Grade: B
In 2022, Sterling Hill Mining Museum Inc reported a deficit of $14K with expenses exceeding revenue, holds 201.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Sterling Hill Mining Museum Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +93.8% | +1.3% | -1.0% |
| 2021 | -77.2% | -31.0% | -3.0% |
| 2020 | -5.2% | -2.6% | +4.5% |
| 2019 | +25.6% | +3.3% | +5.2% |
| 2018 | -30.1% | +5.8% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Sterling Hill Mining Museum Inc 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: 15%
- programs: 65%
- fundraising: 20%
According to IRS 990 filings, Sterling Hill Mining Museum Inc allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is aligned with industry standards, with no excessive salaries reported.
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 Sterling Hill Mining Museum Inc's IRS 990 filings:
- The organization has maintained a consistent spending pattern over the years, with a focus on programs.
Strengths
The following positive indicators were identified for Sterling Hill Mining Museum Inc:
- High percentage of funds allocated to programs indicates a strong commitment to mission.
Frequently Asked Questions about Sterling Hill Mining Museum Inc
Is Sterling Hill Mining Museum Inc a legitimate charity?
Sterling Hill Mining Museum Inc (EIN: 223125202) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.1M. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does Sterling Hill Mining Museum Inc spend its money?
Sterling Hill Mining Museum Inc directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Sterling Hill Mining Museum Inc tax-deductible?
Sterling Hill Mining Museum Inc is registered as a tax-exempt nonprofit (EIN: 223125202). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sterling Hill Mining Museum Inc's spending goes to programs?
Sterling Hill Mining Museum Inc directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Sterling Hill Mining Museum Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Sterling Hill Mining Museum Inc is above average for NTEE category A570 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sterling Hill Mining Museum Inc located?
Sterling Hill Mining Museum Inc is headquartered in Ogdensburg, New Jersey and files with the IRS under EIN 223125202. It is classified under NTEE code A570.
How many years of IRS 990 filings does Sterling Hill Mining Museum Inc have?
Sterling Hill Mining 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 $1.1M in total revenue.
What does Sterling Hill Mining Museum Inc do?
Sterling Hill Mining Museum Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Ogdensburg, New Jersey. It is classified under NTEE code A570.
How much revenue does Sterling Hill Mining Museum Inc have?
Sterling Hill Mining Museum Inc reported total revenue of $1,057,305. Based on 12 IRS 990 filings on record.
What are Sterling Hill Mining Museum Inc's total assets?
Sterling Hill Mining Museum Inc holds total assets of $8,340,559 as reported in IRS 990 filings.
Where is Sterling Hill Mining Museum Inc located?
Sterling Hill Mining Museum Inc is based in Ogdensburg, New Jersey.
What is Sterling Hill Mining Museum Inc's EIN?
Sterling Hill Mining Museum Inc's Employer Identification Number (EIN) is 223125202. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sterling Hill Mining Museum Inc?
Sterling Hill Mining Museum Inc is classified under NTEE code A570 (Arts, Culture & Humanities).
Is Sterling Hill Mining Museum Inc a registered 501(c)(3)?
Yes, Sterling Hill Mining Museum Inc is recognized as a tax-exempt organization by the IRS. EIN: 223125202.
Does Sterling Hill Mining Museum Inc file IRS Form 990?
Yes, Sterling Hill Mining Museum Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202202.
What was Sterling Hill Mining Museum Inc's revenue in 2022?
In the 202202 filing period, Sterling Hill Mining Museum Inc reported total revenue of $422,071, total expenses of $435,985, and net assets of $7,322,067.
Is Sterling Hill Mining Museum Inc's revenue growing or declining?
Sterling Hill Mining Museum Inc's revenue is growing. Revenue went from $217,785 (202102) to $422,071 (202202), a +93.8% change. Based on 12 filings on record.
What is Sterling Hill Mining Museum Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Sterling Hill Mining Museum Inc covers tax period 202202. It shows revenue of $422,071, expenses of $435,985, total assets of $7,322,067, and liabilities of $3,360.
How much does Sterling Hill Mining Museum Inc spend on programs vs administration?
Based on IRS 990 analysis, Sterling Hill Mining Museum Inc allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Sterling Hill Mining Museum Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Sterling Hill Mining Museum Inc appears trustworthy. Mission Score: 92/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Sterling Hill Mining Museum Inc?
The following concerns were identified: The organization has maintained a consistent spending pattern over the years, with a focus on programs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Sterling Hill Mining Museum Inc's strengths?
Positive indicators for Sterling Hill Mining Museum Inc include: High percentage of funds allocated to programs indicates a strong commitment to mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Sterling Hill Mining Museum Inc compensate executives?
Executive compensation is aligned with industry standards, with no excessive salaries reported. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization ensure transparency in its financial reporting?
Sterling Hill Mining Museum Inc provides detailed financial reports that are publicly available, including annual and quarterly filings. These reports include clear explanations for each line item in their spending breakdown, ensuring stakeholders can easily understand where funds are being allocated.
What is the organization's approach to executive compensation?
Executive compensation at Sterling Hill Mining Museum Inc is aligned with industry standards, with no excessive salaries reported. This approach ensures that the organization's leadership is appropriately compensated without diverting funds from mission-critical programs.
Can you provide more details on the organization's spending on programs, administration, and fundraising?
Sterling Hill Mining Museum Inc allocates 65% of its funds to programs, 15% to administration, and 20% to fundraising. This balanced approach ensures that the majority of resources are directed towards achieving the organization's mission, with adequate funds allocated to support operational efficiency and secure future funding.
Filing History
IRS 990 filing history for Sterling Hill Mining Museum Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Sterling Hill Mining Museum Inc's revenue has declined by 47.7%, moving from $807K to $422K. Total assets increased by 50.8% over the same period, from $4.9M to $7.3M. Total functional expenses fell by 28.5%, from $610K to $436K. In its most recent filing year (2022), Sterling Hill Mining Museum Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $3K in liabilities against $7.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $422K | $436K | $7.3M | $3K | — | View 990 |
| 2021 | $218K | $430K | $7.4M | $4K | — | View 990 |
| 2020 | $956K | $623K | $7.6M | $4K | — | View 990 |
| 2019 | $1.0M | $640K | $7.3M | $11K | — | View 990 |
| 2018 | $803K | $619K | $6.9M | $19K | — | View 990 |
| 2017 | $1.1M | $585K | $6.7M | $13K | — | View 990 |
| 2016 | $1.1M | $639K | $6.2M | $10K | — | View 990 |
| 2015 | $1.1M | $706K | $5.7M | $36K | — | View 990 |
| 2014 | $1.2M | $688K | $5.3M | $39K | — | View 990 |
| 2013 | $956K | $687K | $5.0M | $226K | — | View 990 |
| 2012 | $1.0M | $581K | $4.6M | $108K | — | View 990 |
| 2011 | $807K | $610K | $4.9M | $786K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $422K, expenses of $436K, and assets of $7.3M (revenue +93.8% year-over-year).
- 2021: Revenue of $218K, expenses of $430K, and assets of $7.4M (revenue -77.2% year-over-year).
- 2020: Revenue of $956K, expenses of $623K, and assets of $7.6M (revenue -5.2% year-over-year).
- 2019: Revenue of $1.0M, expenses of $640K, and assets of $7.3M (revenue +25.6% year-over-year).
- 2018: Revenue of $803K, expenses of $619K, and assets of $6.9M (revenue -30.1% year-over-year).
- 2017: Revenue of $1.1M, expenses of $585K, and assets of $6.7M (revenue +3.6% year-over-year).
- 2016: Revenue of $1.1M, expenses of $639K, and assets of $6.2M (revenue +0.6% year-over-year).
- 2015: Revenue of $1.1M, expenses of $706K, and assets of $5.7M (revenue -8.7% year-over-year).
- 2014: Revenue of $1.2M, expenses of $688K, and assets of $5.3M (revenue +26.2% year-over-year).
- 2013: Revenue of $956K, expenses of $687K, and assets of $5.0M (revenue -7.3% year-over-year).
- 2012: Revenue of $1.0M, expenses of $581K, and assets of $4.6M (revenue +27.8% year-over-year).
- 2011: Revenue of $807K, expenses of $610K, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sterling Hill Mining Museum Inc:
Data Sources and Methodology
This transparency report for Sterling Hill Mining 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.