The Museum Of Visual Materials
The Museum Of Visual Materials consistently operates at a deficit, relying on substantial assets to cover expenses.
EIN: 203626930 · Sioux Falls, SD · NTEE: A50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $574K |
| Total Expenses | $549K |
| Program Spending | 70% |
| Net Assets | $4.2M |
| Transparency Score | 65/100 |
Is The Museum Of Visual Materials Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Museum Of Visual Materials directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Museum Of Visual Materials
The Museum Of Visual Materials (EIN: 203626930) is a nonprofit organization based in Sioux Falls, SD, classified under NTEE code A50. The organization reported total revenue of $574K and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Museum Of Visual Materials's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Museum Of Visual Materials is a small nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $381K |
| Total Expenses | $549K |
| Surplus / Deficit | $-167,399 |
| Total Assets | $4.2M |
| Total Liabilities | $91K |
| Net Assets | $4.2M |
| Operating Margin | -43.9% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 92.9 months |
Financial Health Grade: B
In 2024, The Museum Of Visual Materials reported a deficit of $167K with expenses exceeding revenue, holds 92.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), The Museum Of Visual Materials's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +6.5% | +10.4% | +2.0% |
| 2023 | -14.4% | +11.0% | +0.5% |
| 2022 | +5.4% | +3.0% | -13.1% |
| 2021 | +22.9% | +1.8% | +15.8% |
| 2020 | +25.0% | +18.7% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Museum Of Visual Materials with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Museum Of Visual Materials allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $167K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer-led executive team or compensation levels below IRS reporting thresholds, which is positive for resource allocation relative to the organization's size and 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 Museum Of Visual Materials's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $167,399 deficit in 202406).
- Significant drop in revenue after 201206, indicating potential reliance on a one-time event.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Strengths
The following positive indicators were identified for The Museum Of Visual Materials:
- Substantial asset base ($4,247,538 in 202406) provides financial stability.
- Low liabilities ($90,699 in 202406) indicates good debt management.
- Consistent 0% reported officer compensation, suggesting efficient use of funds at the executive level.
- Long history of IRS 990 filings demonstrates commitment to transparency and compliance.
Frequently Asked Questions about The Museum Of Visual Materials
Is The Museum Of Visual Materials a legitimate charity?
The Museum Of Visual Materials (EIN: 203626930) is a registered tax-exempt nonprofit based in South Dakota. Our AI analysis gives it a Mission Score of 65/100. It has 11 years of IRS 990 filings on record. Total revenue: $574K. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Museum Of Visual Materials spend its money?
The Museum Of Visual Materials directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to The Museum Of Visual Materials tax-deductible?
The Museum Of Visual Materials is registered as a tax-exempt nonprofit (EIN: 203626930). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Museum Of Visual Materials's spending goes to programs?
The Museum Of Visual Materials directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does The Museum Of Visual Materials compare to similar nonprofits?
With a transparency score of 65/100 (Good), The Museum Of Visual Materials is above average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Museum Of Visual Materials located?
The Museum Of Visual Materials is headquartered in Sioux Falls, South Dakota and files with the IRS under EIN 203626930. It is classified under NTEE code A50.
How many years of IRS 990 filings does The Museum Of Visual Materials have?
The Museum Of Visual Materials has 11 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 $574K in total revenue.
How does The Museum Of Visual Materials cover its consistent operating deficits?
The organization likely covers its operating deficits by drawing from its substantial assets, which were $4,247,538 in 202406, or through non-operating income not reflected in the provided revenue figures.
What is the long-term sustainability of the organization given its recurring deficits?
While current assets provide a buffer, a sustained pattern of expenses exceeding revenue, as seen in recent years (e.g., $548,754 expenses vs. $381,355 revenue in 202406), raises concerns about long-term sustainability if new revenue streams or cost efficiencies are not implemented.
Why was revenue significantly higher in 201206 ($3,080,701) compared to other years?
The exceptionally high revenue in 201206 suggests a potential one-time major donation, capital campaign success, or a significant grant that was not repeated in subsequent years.
Filing History
IRS 990 filing history for The Museum Of Visual Materials showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), The Museum Of Visual Materials's revenue has grown by 73%, moving from $220K to $381K. Total assets increased by 240.8% over the same period, from $1.2M to $4.2M. Total functional expenses rose by 108.3%, from $263K to $549K. In its most recent filing year (2024), The Museum Of Visual Materials reported a deficit of $167K, with expenses exceeding revenue. The organization holds $91K in liabilities against $4.2M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $381K | $549K | $4.2M | $91K | — | View 990 |
| 2023 | $358K | $497K | $4.2M | $78K | — | View 990 |
| 2022 | $418K | $448K | $4.1M | $82K | — | View 990 |
| 2021 | $397K | $435K | $4.8M | $50K | — | View 990 |
| 2020 | $323K | $427K | $4.1M | $32K | — | View 990 |
| 2016 | $258K | $360K | $4.4M | $41K | — | View 990 |
| 2015 | $456K | $435K | $4.5M | $36K | — | View 990 |
| 2014 | $289K | $299K | $4.7M | $29K | — | View 990 |
| 2013 | $450K | $324K | $4.4M | $11K | — | View 990 |
| 2012 | $3.1M | $234K | $4.3M | $7K | — | View 990 |
| 2011 | $220K | $263K | $1.2M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $381K, expenses of $549K, and assets of $4.2M (revenue +6.5% year-over-year).
- 2023: Revenue of $358K, expenses of $497K, and assets of $4.2M (revenue -14.4% year-over-year).
- 2022: Revenue of $418K, expenses of $448K, and assets of $4.1M (revenue +5.4% year-over-year).
- 2021: Revenue of $397K, expenses of $435K, and assets of $4.8M (revenue +22.9% year-over-year).
- 2020: Revenue of $323K, expenses of $427K, and assets of $4.1M (revenue +25.0% year-over-year).
- 2016: Revenue of $258K, expenses of $360K, and assets of $4.4M (revenue -43.3% year-over-year).
- 2015: Revenue of $456K, expenses of $435K, and assets of $4.5M (revenue +57.6% year-over-year).
- 2014: Revenue of $289K, expenses of $299K, and assets of $4.7M (revenue -35.7% year-over-year).
- 2013: Revenue of $450K, expenses of $324K, and assets of $4.4M (revenue -85.4% year-over-year).
- 2012: Revenue of $3.1M, expenses of $234K, and assets of $4.3M (revenue +1297.9% year-over-year).
- 2011: Revenue of $220K, expenses of $263K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Museum Of Visual Materials:
Data Sources and Methodology
This transparency report for The Museum Of Visual Materials 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.