Virginia Quilt Museum Inc
EIN: 541637667 · Dayton, VA · NTEE: A510
| Metric | Value |
|---|---|
| Total Revenue | $330K |
| Total Expenses | $262K |
| Net Assets | $679K |
Is Virginia Quilt Museum Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virginia Quilt Museum Inc
Virginia Quilt Museum Inc (EIN: 541637667) is a nonprofit organization based in Dayton, VA, classified under NTEE code A510. The organization reported total revenue of $330K and total assets of $686K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Quilt Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Quilt Museum Inc is a small nonprofit that has been operating for 33 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $267K |
| Total Expenses | $262K |
| Surplus / Deficit | +$5K |
| Total Assets | $685K |
| Total Liabilities | $7K |
| Net Assets | $679K |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 31.4 months |
Financial Health Grade: A
In 2023, Virginia Quilt Museum Inc reported a surplus of $5K with revenue exceeding expenses, holds 31.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Virginia Quilt Museum Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.5% | +52.9% | +1.7% |
| 2021 | +2.4% | +25.0% | +3.2% |
| 2020 | +29.6% | -12.5% | +10.1% |
| 2019 | +28.5% | +13.3% | +0.1% |
| 2018 | -2.8% | +12.8% | -5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virginia Quilt Museum Inc 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 Quilt Museum Inc 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 surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about Virginia Quilt Museum Inc
Is Virginia Quilt Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Quilt Museum Inc (EIN: 541637667) insufficient data. 0 red flags identified, 0 strengths noted.
How does Virginia Quilt Museum Inc spend its money?
Detailed spending breakdown data is not yet available for Virginia Quilt Museum Inc. Check back for updated IRS 990 analysis.
Are donations to Virginia Quilt Museum Inc tax-deductible?
Virginia Quilt Museum Inc is registered as a tax-exempt nonprofit (EIN: 541637667). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virginia Quilt Museum Inc located?
Virginia Quilt Museum Inc is headquartered in Dayton, Virginia and files with the IRS under EIN 541637667. It is classified under NTEE code A510.
How many years of IRS 990 filings does Virginia Quilt Museum Inc have?
Virginia Quilt Museum Inc has 12 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 $330K in total revenue.
Filing History
IRS 990 filing history for Virginia Quilt Museum Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Virginia Quilt Museum Inc's revenue has grown by 103.1%, moving from $131K to $267K. Total assets increased by 18.9% over the same period, from $576K to $685K. Total functional expenses rose by 88.8%, from $139K to $262K. In its most recent filing year (2023), Virginia Quilt Museum Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $7K in liabilities against $685K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $679K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $267K | $262K | $685K | $7K | — | — |
| 2021 | $200K | $171K | $674K | $0 | — | View 990 |
| 2020 | $195K | $137K | $653K | $8K | — | View 990 |
| 2019 | $151K | $157K | $593K | $252 | — | View 990 |
| 2018 | $117K | $138K | $592K | $732 | — | View 990 |
| 2017 | $121K | $123K | $624K | $8K | — | View 990 |
| 2016 | $190K | $150K | $623K | $5K | — | View 990 |
| 2015 | $163K | $131K | $582K | $4K | — | View 990 |
| 2014 | $138K | $150K | $551K | $4K | — | View 990 |
| 2013 | $136K | $141K | $565K | $6K | — | View 990 |
| 2012 | $130K | $135K | $565K | $1K | — | View 990 |
| 2011 | $131K | $139K | $576K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $267K, expenses of $262K, and assets of $685K (revenue +33.5% year-over-year).
- 2021: Revenue of $200K, expenses of $171K, and assets of $674K (revenue +2.4% year-over-year).
- 2020: Revenue of $195K, expenses of $137K, and assets of $653K (revenue +29.6% year-over-year).
- 2019: Revenue of $151K, expenses of $157K, and assets of $593K (revenue +28.5% year-over-year).
- 2018: Revenue of $117K, expenses of $138K, and assets of $592K (revenue -2.8% year-over-year).
- 2017: Revenue of $121K, expenses of $123K, and assets of $624K (revenue -36.4% year-over-year).
- 2016: Revenue of $190K, expenses of $150K, and assets of $623K (revenue +16.1% year-over-year).
- 2015: Revenue of $163K, expenses of $131K, and assets of $582K (revenue +18.1% year-over-year).
- 2014: Revenue of $138K, expenses of $150K, and assets of $551K (revenue +1.5% year-over-year).
- 2013: Revenue of $136K, expenses of $141K, and assets of $565K (revenue +5.0% year-over-year).
- 2012: Revenue of $130K, expenses of $135K, and assets of $565K (revenue -1.4% year-over-year).
- 2011: Revenue of $131K, expenses of $139K, and assets of $576K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Quilt Museum Inc:
Data Sources and Methodology
This transparency report for Virginia Quilt 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.