Tippah County Historical Museum Inc
Tippah County Historical Museum shows recent financial growth with no reported officer compensation.
EIN: 20626985 · Ripley, MS · NTEE: A54 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $66K |
| Total Expenses | $32K |
| Program Spending | 85% |
| Net Assets | $44K |
| Transparency Score | 90/100 |
Is Tippah County Historical Museum Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tippah County Historical Museum Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tippah County Historical Museum Inc
Tippah County Historical Museum Inc (EIN: 20626985) is a nonprofit organization based in Ripley, MS, classified under NTEE code A54. The organization reported total revenue of $66K and total assets of $82K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tippah County Historical Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tippah County Historical Museum Inc is a micro nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $61K |
| Total Expenses | $32K |
| Surplus / Deficit | +$29K |
| Total Assets | $45K |
| Total Liabilities | $579 |
| Net Assets | $44K |
| Operating Margin | 47.5% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 16.7 months |
Financial Health Grade: A
In 2023, Tippah County Historical Museum Inc reported a surplus of $29K with revenue exceeding expenses, holds 16.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tippah County Historical Museum Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +81.1% | -3.5% | +182.1% |
| 2022 | +14.5% | -5.2% | -15.7% |
| 2021 | -1.7% | +10.4% | -10.0% |
| 2020 | -13.3% | -16.3% | -5.0% |
| 2019 | +37.4% | +28.4% | -13.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Tippah County Historical Museum Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Tippah County Historical Museum Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or receives no reportable compensation, which is highly commendable for an organization of its size.
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.
Strengths
The following positive indicators were identified for Tippah County Historical Museum Inc:
- Consistent IRS 990 filing history (13 filings) demonstrating transparency.
- 0% reported officer compensation across all periods, indicating efficient use of funds.
- Significant increase in assets from $15,906 in 202212 to $44,875 in 202312, showing improved financial health.
- Low liabilities, with $579 in 202312, indicating good financial management.
- Positive net income in the latest filing period (202312), with revenue of $61,282 exceeding expenses of $32,164.
Frequently Asked Questions about Tippah County Historical Museum Inc
Is Tippah County Historical Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tippah County Historical Museum Inc (EIN: 20626985) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Tippah County Historical Museum Inc spend its money?
Tippah County Historical Museum Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tippah County Historical Museum Inc tax-deductible?
Tippah County Historical Museum Inc is registered as a tax-exempt nonprofit (EIN: 20626985). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tippah County Historical Museum Inc's spending goes to programs?
Tippah County Historical Museum Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tippah County Historical Museum Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Tippah County Historical Museum Inc is above average for NTEE category A54 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tippah County Historical Museum Inc located?
Tippah County Historical Museum Inc is headquartered in Ripley, Mississippi and files with the IRS under EIN 20626985. It is classified under NTEE code A54.
How many years of IRS 990 filings does Tippah County Historical Museum Inc have?
Tippah County Historical Museum Inc 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 $66K in total revenue.
Is Tippah County Historical Museum Inc. financially stable?
Yes, the organization appears financially stable, especially given its recent growth in assets from $15,906 in 202212 to $44,875 in 202312, and a positive net income in the latest period ($61,282 revenue vs. $32,164 expenses).
How does the organization manage its leadership compensation?
The organization reports 0% officer compensation across all available filings, suggesting a volunteer-driven leadership model or very minimal, non-reportable compensation.
What is the trend in the organization's revenue?
Revenue has shown an upward trend in the most recent period, increasing from $33,845 in 202212 to $61,282 in 202312, after several years of relatively stable but lower revenue.
Filing History
IRS 990 filing history for Tippah County Historical Museum Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tippah County Historical Museum Inc's revenue has grown by 130.7%, moving from $27K to $61K. Total assets increased by 31.6% over the same period, from $34K to $45K. Total functional expenses rose by 3.4%, from $31K to $32K. In its most recent filing year (2023), Tippah County Historical Museum Inc reported a surplus of $29K, with revenue exceeding expenses. The organization holds $579 in liabilities against $45K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $44K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $61K | $32K | $45K | $579 | — | View 990 |
| 2022 | $34K | $33K | $16K | $728 | — | View 990 |
| 2021 | $30K | $35K | $19K | $4K | — | — |
| 2020 | $30K | $32K | $21K | $678 | — | View 990 |
| 2019 | $35K | $38K | $22K | $0 | — | View 990 |
| 2018 | $25K | $30K | $25K | $0 | — | View 990 |
| 2017 | $30K | $31K | $30K | $0 | — | View 990 |
| 2016 | $30K | $31K | $30K | $0 | — | View 990 |
| 2015 | $36K | $29K | $31K | $658 | — | View 990 |
| 2014 | $28K | $30K | $24K | $0 | — | View 990 |
| 2013 | $27K | $32K | $26K | $666 | — | View 990 |
| 2012 | $26K | $29K | $31K | $1K | — | View 990 |
| 2011 | $27K | $31K | $34K | $421 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $61K, expenses of $32K, and assets of $45K (revenue +81.1% year-over-year).
- 2022: Revenue of $34K, expenses of $33K, and assets of $16K (revenue +14.5% year-over-year).
- 2021: Revenue of $30K, expenses of $35K, and assets of $19K (revenue -1.7% year-over-year).
- 2020: Revenue of $30K, expenses of $32K, and assets of $21K (revenue -13.3% year-over-year).
- 2019: Revenue of $35K, expenses of $38K, and assets of $22K (revenue +37.4% year-over-year).
- 2018: Revenue of $25K, expenses of $30K, and assets of $25K (revenue -16.5% year-over-year).
- 2017: Revenue of $30K, expenses of $31K, and assets of $30K (revenue +0.8% year-over-year).
- 2016: Revenue of $30K, expenses of $31K, and assets of $30K (revenue -16.6% year-over-year).
- 2015: Revenue of $36K, expenses of $29K, and assets of $31K (revenue +27.7% year-over-year).
- 2014: Revenue of $28K, expenses of $30K, and assets of $24K (revenue +5.5% year-over-year).
- 2013: Revenue of $27K, expenses of $32K, and assets of $26K (revenue +3.6% year-over-year).
- 2012: Revenue of $26K, expenses of $29K, and assets of $31K (revenue -2.9% year-over-year).
- 2011: Revenue of $27K, expenses of $31K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tippah County Historical Museum Inc:
Data Sources and Methodology
This transparency report for Tippah County Historical 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.