How Freeport Historical Society allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Freeport Historical Society
Is Freeport Historical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Freeport Historical Society (EIN: 10346944) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Freeport Historical Society a good charity to donate to?
Freeport Historical Society has a Mission Score of 75/100. Revenue: $224K. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Freeport Historical Society?
The Employer Identification Number (EIN) for Freeport Historical Society is 10346944. 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 Freeport Historical Society spend its money?
Freeport Historical Society allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Freeport Historical Society's tax-exempt status?
You can verify Freeport Historical Society's tax-exempt status using EIN 10346944 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 Freeport Historical Society demonstrates a generally stable financial position, with assets consistently around $1.9 million in recent years, reaching $1,959,987 in the latest available data. While revenue has fluctuated, notably a spike to $1,173,450 in 2016, it has typically hovered in the $190,000-$350,000 range. The organization has experienced deficits in recent years, with expenses exceeding revenue by $69,344 in 2023 and $28,895 in 2022. This trend of spending more than it takes in could be a concern if it continues without a clear strategy to increase revenue or reduce expenses.
Spending efficiency appears reasonable, with no officer compensation reported across all available filings, suggesting resources are not being diverted to high executive salaries. The organization's liabilities are consistently low, indicating good financial management and minimal debt burden. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent asset base, despite recent deficits, suggests a reliance on reserves or investment income to cover operational gaps.
Transparency is strong regarding executive compensation, as zero officer compensation is reported. The consistent filing of IRS Form 990s over 13 periods also indicates a commitment to public disclosure. However, the lack of NTEE code information and detailed expense breakdowns in the provided data limits a deeper analysis of its programmatic focus and operational efficiency. Further details on how expenses are categorized would enhance understanding of its resource allocation.