The Great Lakes Childrens Museum
EIN: 383430004 · Traverse City, MI · NTEE: A520
| Metric | Value |
|---|---|
| Total Revenue | $579K |
| Total Expenses | $524K |
| Net Assets | $61K |
Is The Great Lakes Childrens Museum Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Great Lakes Childrens Museum
The Great Lakes Childrens Museum (EIN: 383430004) is a nonprofit organization based in Traverse City, MI, classified under NTEE code A520. The organization reported total revenue of $579K and total assets of $156K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Great Lakes Childrens Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Great Lakes Childrens Museum is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $431K |
| Total Expenses | $524K |
| Surplus / Deficit | $-93,798 |
| Total Assets | $154K |
| Total Liabilities | $93K |
| Net Assets | $61K |
| Operating Margin | -21.8% |
| Debt-to-Asset Ratio | 60.2% |
| Months of Reserves | 3.5 months |
Financial Health Grade: C
In 2023, The Great Lakes Childrens Museum reported a deficit of $94K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 60.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Great Lakes Childrens Museum's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.6% | +19.8% | -20.5% |
| 2022 | +15.5% | +29.6% | -32.6% |
| 2021 | -3.6% | -20.4% | +37.7% |
| 2020 | -21.9% | -9.3% | -4.8% |
| 2019 | +8.3% | +12.3% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Great Lakes Childrens Museum 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 The Great Lakes Childrens Museum 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 $94K, with expenses exceeding revenue.
- Debt-to-asset ratio: 60.2%.
Frequently Asked Questions about The Great Lakes Childrens Museum
Is The Great Lakes Childrens Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, The Great Lakes Childrens Museum (EIN: 383430004) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Great Lakes Childrens Museum spend its money?
Detailed spending breakdown data is not yet available for The Great Lakes Childrens Museum. Check back for updated IRS 990 analysis.
Are donations to The Great Lakes Childrens Museum tax-deductible?
The Great Lakes Childrens Museum is registered as a tax-exempt nonprofit (EIN: 383430004). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Great Lakes Childrens Museum located?
The Great Lakes Childrens Museum is headquartered in Traverse City, Michigan and files with the IRS under EIN 383430004. It is classified under NTEE code A520.
How many years of IRS 990 filings does The Great Lakes Childrens Museum have?
The Great Lakes Childrens Museum 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 $579K in total revenue.
Filing History
IRS 990 filing history for The Great Lakes Childrens Museum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Great Lakes Childrens Museum's revenue has grown by 32%, moving from $326K to $431K. Total assets decreased by 74.4% over the same period, from $602K to $154K. Total functional expenses rose by 26.2%, from $415K to $524K. In its most recent filing year (2023), The Great Lakes Childrens Museum reported a deficit of $94K, with expenses exceeding revenue. The organization holds $93K in liabilities against $154K in assets (debt-to-asset ratio: 60.2%), resulting in net assets of $61K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $431K | $524K | $154K | $93K | — | — |
| 2022 | $424K | $438K | $194K | $47K | — | View 990 |
| 2021 | $367K | $338K | $288K | $128K | — | — |
| 2020 | $381K | $424K | $209K | $177K | — | View 990 |
| 2019 | $488K | $468K | $219K | $145K | — | View 990 |
| 2018 | $450K | $417K | $229K | $171K | — | — |
| 2017 | $410K | $421K | $227K | $226K | — | View 990 |
| 2016 | $259K | $377K | $267K | $237K | — | View 990 |
| 2015 | $355K | $356K | $358K | $209K | — | View 990 |
| 2014 | $415K | $329K | $370K | $220K | — | View 990 |
| 2013 | $123K | $324K | $298K | $235K | — | View 990 |
| 2012 | $317K | $377K | $517K | $253K | — | View 990 |
| 2011 | $326K | $415K | $602K | $278K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $431K, expenses of $524K, and assets of $154K (revenue +1.6% year-over-year).
- 2022: Revenue of $424K, expenses of $438K, and assets of $194K (revenue +15.5% year-over-year).
- 2021: Revenue of $367K, expenses of $338K, and assets of $288K (revenue -3.6% year-over-year).
- 2020: Revenue of $381K, expenses of $424K, and assets of $209K (revenue -21.9% year-over-year).
- 2019: Revenue of $488K, expenses of $468K, and assets of $219K (revenue +8.3% year-over-year).
- 2018: Revenue of $450K, expenses of $417K, and assets of $229K (revenue +9.8% year-over-year).
- 2017: Revenue of $410K, expenses of $421K, and assets of $227K (revenue +58.7% year-over-year).
- 2016: Revenue of $259K, expenses of $377K, and assets of $267K (revenue -27.1% year-over-year).
- 2015: Revenue of $355K, expenses of $356K, and assets of $358K (revenue -14.6% year-over-year).
- 2014: Revenue of $415K, expenses of $329K, and assets of $370K (revenue +237.3% year-over-year).
- 2013: Revenue of $123K, expenses of $324K, and assets of $298K (revenue -61.2% year-over-year).
- 2012: Revenue of $317K, expenses of $377K, and assets of $517K (revenue -2.7% year-over-year).
- 2011: Revenue of $326K, expenses of $415K, and assets of $602K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Great Lakes Childrens Museum:
Data Sources and Methodology
This transparency report for The Great Lakes Childrens 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.