Is Fort Kent Historical Society Legit?

The Fort Kent Historical Society demonstrates consistent financial stability and a strong commitment to its mission. With assets growing from $495,841 in 2022 to $498,795 in 2023, and current assets at $581,646, the organization maintains a healthy financial position. Their liabilities have consistently been reported as $0, indicating excellent fiscal management and no reliance on debt. The organization's revenue has fluctuated, with a notable increase from $9,350 in 2013 to $89,545 currently, showing growth in its financial capacity over the long term. Their operational efficiency is high, as evidenced by expenses being well below revenue in recent periods ($21,120 vs $24,074 in 2023 and $23,919 vs $40,883 in 2022). This suggests that the majority of their resources are available for program activities and asset building. The Fort Kent Historical Society exhibits strong spending efficiency. In 2023, their expenses were $21,120 against $24,074 in revenue, and in 2022, expenses were $23,919 against $40,883 in revenue. This indicates that a significant portion of their income is either directly applied to programs or retained to build organizational capacity and assets. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of volunteer-driven leadership and a commitment to directing all funds towards the organization's mission rather than executive salaries. This practice significantly enhances their spending efficiency and public trust. The absence of liabilities further underscores their sound financial management and transparency.