Virginia Association Of Museums
EIN: 546075555 · Richmond, VA · NTEE: A50A
| Metric | Value |
|---|---|
| Total Revenue | $307K |
| Total Expenses | $356K |
| Net Assets | $247K |
Is Virginia Association Of Museums Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virginia Association Of Museums
Virginia Association Of Museums (EIN: 546075555) is a nonprofit organization based in Richmond, VA, classified under NTEE code A50A. The organization reported total revenue of $307K and total assets of $289K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Association Of Museums's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Association Of Museums is a small nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $306K |
| Total Expenses | $356K |
| Surplus / Deficit | $-50,467 |
| Total Assets | $247K |
| Net Assets | $247K |
| Operating Margin | -16.5% |
| Months of Reserves | 8.3 months |
Financial Health Grade: B
In 2024, Virginia Association Of Museums reported a deficit of $50K with expenses exceeding revenue, holds 8.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Virginia Association Of Museums's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +15.8% | +22.8% | -9.8% |
| 2023 | -11.9% | -19.9% | +3.0% |
| 2022 | +32.0% | +63.2% | -29.3% |
| 2021 | -24.1% | -32.6% | +36.7% |
| 2020 | +0.6% | +17.1% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virginia Association Of Museums 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 Virginia Association Of Museums 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $50K, with expenses exceeding revenue.
Frequently Asked Questions about Virginia Association Of Museums
Is Virginia Association Of Museums a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Association Of Museums (EIN: 546075555) insufficient data. 0 red flags identified, 0 strengths noted.
How does Virginia Association Of Museums spend its money?
Detailed spending breakdown data is not yet available for Virginia Association Of Museums. Check back for updated IRS 990 analysis.
Are donations to Virginia Association Of Museums tax-deductible?
Virginia Association Of Museums is registered as a tax-exempt nonprofit (EIN: 546075555). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virginia Association Of Museums located?
Virginia Association Of Museums is headquartered in Richmond, Virginia and files with the IRS under EIN 546075555. It is classified under NTEE code A50A.
How many years of IRS 990 filings does Virginia Association Of Museums have?
Virginia Association Of Museums 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 $307K in total revenue.
Filing History
IRS 990 filing history for Virginia Association Of Museums showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Virginia Association Of Museums's revenue has declined by 9.3%, moving from $337K to $306K. Total assets increased by 111.8% over the same period, from $117K to $247K. Total functional expenses fell by 2.5%, from $365K to $356K. In its most recent filing year (2024), Virginia Association Of Museums reported a deficit of $50K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $306K | $356K | $247K | $0 | — | — |
| 2023 | $264K | $290K | $274K | $0 | — | View 990 |
| 2022 | $300K | $362K | $266K | $881 | — | View 990 |
| 2021 | $227K | $222K | $376K | $29K | — | — |
| 2020 | $300K | $329K | $275K | $25K | — | View 990 |
| 2019 | $298K | $281K | $282K | $2K | — | View 990 |
| 2018 | $336K | $312K | $264K | $286 | — | View 990 |
| 2017 | $338K | $317K | $240K | $150 | — | View 990 |
| 2016 | $379K | $345K | $220K | $1K | — | View 990 |
| 2015 | $334K | $311K | $210K | $424 | — | View 990 |
| 2014 | $298K | $267K | $204K | $258 | — | View 990 |
| 2013 | $376K | $338K | $155K | $0 | — | View 990 |
| 2012 | $337K | $365K | $117K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $306K, expenses of $356K, and assets of $247K (revenue +15.8% year-over-year).
- 2023: Revenue of $264K, expenses of $290K, and assets of $274K (revenue -11.9% year-over-year).
- 2022: Revenue of $300K, expenses of $362K, and assets of $266K (revenue +32.0% year-over-year).
- 2021: Revenue of $227K, expenses of $222K, and assets of $376K (revenue -24.1% year-over-year).
- 2020: Revenue of $300K, expenses of $329K, and assets of $275K (revenue +0.6% year-over-year).
- 2019: Revenue of $298K, expenses of $281K, and assets of $282K (revenue -11.4% year-over-year).
- 2018: Revenue of $336K, expenses of $312K, and assets of $264K (revenue -0.4% year-over-year).
- 2017: Revenue of $338K, expenses of $317K, and assets of $240K (revenue -10.8% year-over-year).
- 2016: Revenue of $379K, expenses of $345K, and assets of $220K (revenue +13.5% year-over-year).
- 2015: Revenue of $334K, expenses of $311K, and assets of $210K (revenue +12.1% year-over-year).
- 2014: Revenue of $298K, expenses of $267K, and assets of $204K (revenue -20.9% year-over-year).
- 2013: Revenue of $376K, expenses of $338K, and assets of $155K (revenue +11.5% year-over-year).
- 2012: Revenue of $337K, expenses of $365K, and assets of $117K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Association Of Museums:
Data Sources and Methodology
This transparency report for Virginia Association Of Museums 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.