Highlands Museum & Discovery Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Highlands Museum & Discovery Inc is a 501(c)(3) organization based in Ashland, Kentucky, registered in 1983, with $829,728 in FY2023 revenue. CharityIndex grades it B.
1620 Winchester Ave, Ashland, KY, 41101 EIN 31-1061542 Since 1983
Revenue (FY2023)
$830K
▼ 30.9% vs prior year
Expenses (FY2023)
$419K
Net assets
$4.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Highlands Museum & Discovery Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating119 mo reserves · +50% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Highlands Museum & Discovery Inc: 119 mo reserves · +50% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Highlands Museum & Discovery Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Highlands Museum & Discovery Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $403K (FY2014) to $830K (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $426KNet assets $4.2M
Operating margin
49.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.6M
Total liabilities
$426K
Net assets
$4.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $829,728▼30.9% | $418,805▲11.2% | $4,157,774▲10.8% | $4,584,174▲15.3% | 990 |
| 2022 | $1,200,589▲21.0% | $376,616▲4.5% | $3,752,017▲28.1% | $3,976,695▲25.6% | 990 |
| 2021 | $992,552▲68.9% | $360,346▲30.5% | $2,928,045▲27.5% | $3,165,647▲24.6% | 990 |
| 2020 | $587,508▼10.1% | $276,069▼18.1% | $2,295,839▲15.7% | $2,539,911▲12.6% | 990 |
| 2019 | $653,875▲5.5% | $336,955▼5.6% | $1,984,400▲21.4% | $2,255,439▲24.1% | 990 |
| 2018 | $619,634▲116% | $356,817▼23.1% | $1,634,991▲20.2% | $1,818,032▲15.7% | 990 |
| 2017 | $286,996▼65.5% | $464,129▼52.6% | $1,360,249▼3.1% | $1,571,827▼2.3% | 990 |
| 2016 | $831,355▲79.2% | $978,960▲241% | $1,403,222▲59.6% | $1,608,598▲46.2% | 990 |
| 2015 | $463,824▲15.0% | $287,096▲2.7% | $879,473▲28.9% | $1,100,638▲19.2% | 990 |
| 2014 | $403,366 | $279,559▲35.3% | $682,226▲46.9% | $923,656▲91.4% | 990 |
| 2011 | — | $206,628 | $464,525 | $482,463 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $345K total
8 grants to Highlands Museum & Discovery Inc totaling $345K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ashland Hospital Corporation | Sponsorhip of a fundraising event. | 2023 | $11,000 |
| Ashland Hospital Corporation | Sponsorhip of 2 fundraising events and a permanent hands-on children's exhibit about healthcare | 2022 | $259,402 |
| Ashland Hospital Corporation | Sponsorhip of 3 fundraising events and capital campaign | 2019 | $13,250 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $25,100 |
| Ashland Hospital Corporation | Sponsorhip of fundraising event | 2018 | $5,500 |
| Ashland Hospital Corporation | Sponsorhip of fundraising event and museum exhibit | 2017 | $10,500 |
| Ashland Hospital Corporation | Sponsorhip of 2 fundraising events | 2016 | $14,540 |
| Ashland Hospital Corporation | Sponsorhip of 2 fundraising events | 2015 | $5,650 |
Frequently asked questions
- Is Highlands Museum & Discovery Inc a legitimate nonprofit?
- Yes. Highlands Museum & Discovery Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1061542, based in Ashland, Kentucky. Donations are tax-deductible.
- What is Highlands Museum & Discovery Inc's EIN?
- Highlands Museum & Discovery Inc's Employer Identification Number (EIN) is 31-1061542.
- How much revenue does Highlands Museum & Discovery Inc report?
- Highlands Museum & Discovery Inc reported $829,728 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Highlands Museum & Discovery Inc have?
- CharityIndex grades Highlands Museum & Discovery Inc B, based on financial health (reserves and operating margin).
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Data for Highlands Museum & Discovery Inc (EIN 31-1061542) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.