Is Andover Historical Society Legit?

The Andover Historical Society demonstrates a consistent commitment to its mission, as evidenced by its financial filings. The organization's revenue has shown significant growth in recent years, jumping from $17,857 in 2019 to $50,771 in 2023, indicating increased community support or successful fundraising efforts. Its asset base has also steadily grown, reaching $277,452 in 2023, suggesting sound financial management and accumulation of resources. The society maintains a very low liability profile, with liabilities at $7,807 in 2023, which is a positive indicator of financial stability and responsible fiscal practices. The organization's transparency is high, with all 11 required 990 filings submitted, and a clear record of no officer compensation, reinforcing its volunteer-driven model. Spending efficiency appears strong, particularly in the most recent filing where expenses were $17,694 against revenues of $50,771, resulting in a substantial surplus. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall low expense figures relative to revenue suggest that a significant portion of funds are either directly applied to programs or retained for future mission-related activities. The absence of officer compensation further enhances its efficiency by minimizing overhead related to executive salaries. The consistent growth in assets, from $217,535 in 2012 to $277,452 in 2023, also points to effective stewardship of resources over the long term.