Is Androscoggin Historical Society Legit? —…

Quick charity verification for Androscoggin Historical Society (EIN: 10342762)

Strengths

Strong asset growth, reaching $839,051 in 202306.
Consistent reporting of 0% officer compensation, indicating volunteer leadership.
Significant revenue growth from $8,914 in 201205 to $208,827 in 202306.
Efficient expense management, with expenses significantly lower than revenue in recent periods (e.g., $48,322 expenses vs. $208,827 revenue in 202306).
Elimination of liabilities, reporting $0 in 202306, down from $307,000 in 202206.

Spending Breakdown

How Androscoggin Historical Society allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Androscoggin Historical Society

Is Androscoggin Historical Society a legitimate charity?

Based on AI analysis of IRS 990 filings, Androscoggin Historical Society (EIN: 10342762) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Androscoggin Historical Society a good charity to donate to?

Androscoggin Historical Society has a Mission Score of 95/100. Revenue: $143K. Assets: $814K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Androscoggin Historical Society?

The Employer Identification Number (EIN) for Androscoggin Historical Society is 10342762. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Androscoggin Historical Society spend its money?

Androscoggin Historical Society allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Androscoggin Historical Society's tax-exempt status?

You can verify Androscoggin Historical Society's tax-exempt status using EIN 10342762 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Androscoggin Historical Society demonstrates a strong financial position with consistently growing assets, reaching $839,051 in the 202306 period. The organization has shown remarkable revenue growth, particularly between 2013 and 2022, jumping from $17,850 to $163,848. Their expense management appears efficient, with expenses significantly lower than revenue in recent periods, such as $48,322 against $208,827 in 202306, indicating a healthy surplus. The absence of officer compensation reported across all filings suggests a volunteer-driven leadership, which is a positive indicator for donor confidence and efficient use of funds.

The society's financial health is robust, marked by substantial asset growth and a strong revenue-to-expense ratio in recent years. The lack of reported liabilities in the 202306 period, down from $307,000 in 202206, is a significant improvement, indicating effective debt management or resolution. This financial stability allows the organization to focus on its mission without undue financial strain. The consistent reporting of zero officer compensation across all available filings highlights a commitment to directing resources towards programmatic activities rather than executive salaries, enhancing their spending efficiency.

Transparency is high given the consistent filing of IRS Form 990s and the clear financial trends. The organization's ability to operate without paid officers suggests a strong volunteer base and a lean operational structure. While specific program spending details are not provided in the summary data, the overall financial health and efficient expense management, coupled with no executive compensation, point to a well-managed and mission-focused entity. The significant increase in assets and revenue over the past decade further solidifies its long-term viability and impact.

Is Androscoggin Historical Society Legit?

Verdict: Androscoggin Historical Society appears trustworthy