The General Henry Knox Museum
General Henry Knox Museum consistently operates with a surplus and reports no officer compensation, despite a significant asset reduction in 2022.
EIN: 10427323 · Thomaston, ME · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $222K |
| Total Expenses | $173K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.0M |
| Transparency Score | 85/100 |
Is The General Henry Knox Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The General Henry Knox Museum directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The General Henry Knox Museum
The General Henry Knox Museum (EIN: 10427323) is a nonprofit organization based in Thomaston, ME, classified under NTEE code A80. The organization reported total revenue of $222K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The General Henry Knox Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The General Henry Knox Museum is a small nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $215K |
| Total Expenses | $173K |
| Surplus / Deficit | +$42K |
| Total Assets | $3.0M |
| Total Liabilities | $198 |
| Net Assets | $3.0M |
| Operating Margin | 19.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 206.2 months |
Financial Health Grade: A
In 2023, The General Henry Knox Museum reported a surplus of $42K with revenue exceeding expenses, holds 206.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), The General Henry Knox Museum's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.6% | -1.8% | +1.4% |
| 2022 | -19.0% | -0.2% | -48.3% |
| 2020 | -102.1% | -29.5% | -2.2% |
| 2019 | -4.5% | -6.5% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 The General Henry Knox Museum 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, The General Henry Knox Museum 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 surplus of $42K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization with nearly $3 million in assets and over $200,000 in annual revenue.
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 The General Henry Knox Museum's IRS 990 filings:
- Significant unexplained asset reduction from $5.6M in 2021 to $2.9M in 2022.
- Negative revenue reported in 2020 (-$4,353), which warrants further investigation into its cause.
Strengths
The following positive indicators were identified for The General Henry Knox Museum:
- Consistent operational surpluses, with revenues generally exceeding expenses (e.g., $214,986 revenue vs. $173,392 expenses in 2023).
- Consistently reports 0% officer compensation, indicating a potentially high level of volunteerism or efficient compensation structure.
- Low to no reported liabilities in recent years (e.g., $0 in 2022 and 2021), indicating strong financial health.
- Stable revenue streams over the past decade, averaging over $200,000 annually.
- Long and consistent IRS 990 filing history (14 filings), demonstrating commitment to transparency and compliance.
Frequently Asked Questions about The General Henry Knox Museum
Is The General Henry Knox Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, The General Henry Knox Museum (EIN: 10427323) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does The General Henry Knox Museum spend its money?
The General Henry Knox Museum directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The General Henry Knox Museum tax-deductible?
The General Henry Knox Museum is registered as a tax-exempt nonprofit (EIN: 10427323). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The General Henry Knox Museum CEO make?
The General Henry Knox Museum's highest-compensated officer earns $3 annually. The organization reported $222K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The General Henry Knox Museum's spending goes to programs?
The General Henry Knox Museum directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The General Henry Knox Museum compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The General Henry Knox Museum is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The General Henry Knox Museum located?
The General Henry Knox Museum is headquartered in Thomaston, Maine and files with the IRS under EIN 10427323. It is classified under NTEE code A80.
How many years of IRS 990 filings does The General Henry Knox Museum have?
The General Henry Knox Museum has 14 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 $222K in total revenue.
Is The General Henry Knox Museum a good charity?
Based on its consistent operational surpluses, low liabilities, and transparent reporting of 0% officer compensation, The General Henry Knox Museum appears to be a well-managed and financially responsible charity. Its stable revenue and substantial assets suggest long-term viability.
Why did the organization's assets decrease from $5.6 million in 2021 to $2.9 million in 2022?
The provided data does not specify the reason for this significant asset reduction. It could be due to the sale of property, revaluation of assets, or other financial activities. Further investigation into the detailed financial statements for those years would be necessary to understand this change.
How does the museum fund its operations without paying officer compensation?
The consistent reporting of 0% officer compensation suggests that the museum's executive leadership may be entirely volunteer-based, or that compensation is structured in a way that it is not reported under 'Officer Comp' on the 990 form, such as through a management company or as regular employee salaries if officers also hold other roles.
Filing History
IRS 990 filing history for The General Henry Knox Museum showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The General Henry Knox Museum's revenue has declined by 32.1%, moving from $317K to $215K. Total assets decreased by 50.6% over the same period, from $6.0M to $3.0M. Total functional expenses fell by 48%, from $334K to $173K. In its most recent filing year (2023), The General Henry Knox Museum reported a surplus of $42K, with revenue exceeding expenses. The organization holds $198 in liabilities against $3.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $215K | $173K | $3.0M | $198 | — | — |
| 2022 | $246K | $177K | $2.9M | $0 | — | — |
| 2021 | $304K | $177K | $5.7M | $0 | — | View 990 |
| 2020 | $-4,353 | $120K | $5.6M | $2K | — | — |
| 2019 | $207K | $170K | $5.7M | $1K | — | — |
| 2018 | $217K | $181K | $5.6M | $295 | — | View 990 |
| 2017 | $270K | $299K | $5.6M | $4K | — | View 990 |
| 2016 | $349K | $365K | $5.6M | $7K | — | View 990 |
| 2015 | $273K | $406K | $5.7M | $37K | — | View 990 |
| 2014 | $286K | $382K | $5.8M | $6K | — | View 990 |
| 2013 | $241K | $271K | $5.9M | $3K | — | View 990 |
| 2012 | $216K | $285K | $5.9M | $6K | — | View 990 |
| 2011 | $280K | $326K | $6.0M | $6K | — | View 990 |
| 2010 | $317K | $334K | $6.0M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $215K, expenses of $173K, and assets of $3.0M (revenue -12.6% year-over-year).
- 2022: Revenue of $246K, expenses of $177K, and assets of $2.9M (revenue -19.0% year-over-year).
- 2021: Revenue of $304K, expenses of $177K, and assets of $5.7M.
- 2020: Revenue of $-4,353, expenses of $120K, and assets of $5.6M (revenue -102.1% year-over-year).
- 2019: Revenue of $207K, expenses of $170K, and assets of $5.7M (revenue -4.5% year-over-year).
- 2018: Revenue of $217K, expenses of $181K, and assets of $5.6M (revenue -19.7% year-over-year).
- 2017: Revenue of $270K, expenses of $299K, and assets of $5.6M (revenue -22.6% year-over-year).
- 2016: Revenue of $349K, expenses of $365K, and assets of $5.6M (revenue +27.8% year-over-year).
- 2015: Revenue of $273K, expenses of $406K, and assets of $5.7M (revenue -4.3% year-over-year).
- 2014: Revenue of $286K, expenses of $382K, and assets of $5.8M (revenue +18.7% year-over-year).
- 2013: Revenue of $241K, expenses of $271K, and assets of $5.9M (revenue +11.4% year-over-year).
- 2012: Revenue of $216K, expenses of $285K, and assets of $5.9M (revenue -22.8% year-over-year).
- 2011: Revenue of $280K, expenses of $326K, and assets of $6.0M (revenue -11.7% year-over-year).
- 2010: Revenue of $317K, expenses of $334K, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The General Henry Knox Museum:
Data Sources and Methodology
This transparency report for The General Henry Knox 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.