Waterworks Art Museum
EIN: 510175533 · Miles City, MT · NTEE: A400
| Metric | Value |
|---|---|
| Total Revenue | $219K |
| Total Expenses | $166K |
| Net Assets | $909K |
Is Waterworks Art Museum Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Waterworks Art Museum
Waterworks Art Museum (EIN: 510175533) is a nonprofit organization based in Miles City, MT, classified under NTEE code A400. The organization reported total revenue of $219K and total assets of $981K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterworks Art Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterworks Art Museum is a small nonprofit that has been operating for 50 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $153K |
| Total Expenses | $166K |
| Surplus / Deficit | $-13,356 |
| Total Assets | $909K |
| Net Assets | $909K |
| Operating Margin | -8.7% |
| Months of Reserves | 65.6 months |
Financial Health Grade: B
In 2023, Waterworks Art Museum reported a deficit of $13K with expenses exceeding revenue, holds 65.6 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Waterworks Art Museum's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | -2.4% | -1.4% |
| 2022 | -20.0% | -0.6% | -2.5% |
| 2021 | -2.7% | +0.3% | +1.3% |
| 2020 | +15.3% | -3.8% | +3.5% |
| 2019 | -1.2% | +7.2% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Waterworks Art 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 Waterworks Art 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 $13K, with expenses exceeding revenue.
Frequently Asked Questions about Waterworks Art Museum
Is Waterworks Art Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Waterworks Art Museum (EIN: 510175533) insufficient data. 0 red flags identified, 0 strengths noted.
How does Waterworks Art Museum spend its money?
Detailed spending breakdown data is not yet available for Waterworks Art Museum. Check back for updated IRS 990 analysis.
Are donations to Waterworks Art Museum tax-deductible?
Waterworks Art Museum is registered as a tax-exempt nonprofit (EIN: 510175533). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Waterworks Art Museum located?
Waterworks Art Museum is headquartered in Miles City, Montana and files with the IRS under EIN 510175533. It is classified under NTEE code A400.
How many years of IRS 990 filings does Waterworks Art Museum have?
Waterworks Art Museum 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 $219K in total revenue.
Filing History
IRS 990 filing history for Waterworks Art Museum showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Waterworks Art Museum's revenue has declined by 14.1%, moving from $178K to $153K. Total assets increased by 6.6% over the same period, from $853K to $909K. Total functional expenses rose by 0.1%, from $166K to $166K. In its most recent filing year (2023), Waterworks Art Museum reported a deficit of $13K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $153K | $166K | $909K | $0 | — | View 990 |
| 2022 | $147K | $170K | $922K | $0 | — | View 990 |
| 2021 | $184K | $171K | $946K | $0 | — | View 990 |
| 2020 | $189K | $171K | $933K | $0 | — | View 990 |
| 2019 | $164K | $177K | $902K | $1K | — | View 990 |
| 2018 | $166K | $165K | $916K | $2K | — | View 990 |
| 2017 | $263K | $175K | $925K | $3K | — | View 990 |
| 2016 | $174K | $170K | $837K | $4K | — | View 990 |
| 2015 | $131K | $148K | $835K | $5K | — | View 990 |
| 2014 | $186K | $159K | $849K | $3K | — | View 990 |
| 2013 | $151K | $156K | $823K | $5K | — | View 990 |
| 2012 | $178K | $166K | $853K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $153K, expenses of $166K, and assets of $909K (revenue +3.9% year-over-year).
- 2022: Revenue of $147K, expenses of $170K, and assets of $922K (revenue -20.0% year-over-year).
- 2021: Revenue of $184K, expenses of $171K, and assets of $946K (revenue -2.7% year-over-year).
- 2020: Revenue of $189K, expenses of $171K, and assets of $933K (revenue +15.3% year-over-year).
- 2019: Revenue of $164K, expenses of $177K, and assets of $902K (revenue -1.2% year-over-year).
- 2018: Revenue of $166K, expenses of $165K, and assets of $916K (revenue -37.0% year-over-year).
- 2017: Revenue of $263K, expenses of $175K, and assets of $925K (revenue +51.6% year-over-year).
- 2016: Revenue of $174K, expenses of $170K, and assets of $837K (revenue +32.3% year-over-year).
- 2015: Revenue of $131K, expenses of $148K, and assets of $835K (revenue -29.5% year-over-year).
- 2014: Revenue of $186K, expenses of $159K, and assets of $849K (revenue +23.3% year-over-year).
- 2013: Revenue of $151K, expenses of $156K, and assets of $823K (revenue -15.0% year-over-year).
- 2012: Revenue of $178K, expenses of $166K, and assets of $853K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waterworks Art Museum:
Data Sources and Methodology
This transparency report for Waterworks Art 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.