Is Historical Society Of Wells And Ogunquit Inc Legit?
Quick charity verification for Historical Society Of Wells And Ogunquit Inc (EIN: 10375785)
Verdict: Historical Society Of Wells And Ogunquit Inc appears trustworthy
92/100Mission Score
$136KRevenue
$420KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $83,638 in 202006 to $150,928 in 202312.
Significant asset growth, increasing from $197,734 in 202006 to $363,745 in 202312.
Zero reported officer compensation across all filings, indicating volunteer leadership and high efficiency.
Very low liabilities, consistently under $7,000, demonstrating strong financial management.
Regular and extensive IRS 990 filing history (14 filings), indicating strong transparency.
Spending Breakdown
How Historical Society Of Wells And Ogunquit Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
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 Historical Society Of Wells And Ogunquit Inc
Is Historical Society Of Wells And Ogunquit Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Historical Society Of Wells And Ogunquit Inc (EIN: 10375785) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Historical Society Of Wells And Ogunquit Inc a good charity to donate to?
Historical Society Of Wells And Ogunquit Inc has a Mission Score of 92/100. Revenue: $136K. Assets: $420K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Historical Society Of Wells And Ogunquit Inc?
The Employer Identification Number (EIN) for Historical Society Of Wells And Ogunquit Inc is 10375785. 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 Historical Society Of Wells And Ogunquit Inc spend its money?
Historical Society Of Wells And Ogunquit Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Historical Society Of Wells And Ogunquit Inc's tax-exempt status?
You can verify Historical Society Of Wells And Ogunquit Inc's tax-exempt status using EIN 10375785 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 Historical Society Of Wells And Ogunquit Inc demonstrates consistent financial health with a positive trend in revenue and assets over the past several years. In the 202312 period, the organization reported revenue of $150,928 against expenses of $98,157, indicating a healthy surplus. Its assets have grown significantly, from $197,734 in 202006 to $363,745 in 202312, showcasing effective asset management and financial stability. The organization's liabilities remain very low, consistently under $7,000 across all reported periods, which is a strong indicator of fiscal prudence.
The organization appears to be highly efficient in its spending, as evidenced by its consistent surpluses and asset growth. The absence of reported officer compensation across all filings suggests that leadership is likely volunteer-based, which significantly reduces administrative overhead and maximizes funds available for programs. This commitment to minimizing administrative costs contributes positively to its overall spending efficiency.
Transparency is strong, with 14 filings available, indicating regular and timely reporting to the IRS. The consistent reporting of 0% officer compensation across all periods is a clear sign of transparency regarding executive pay practices. The organization's financial data suggests a strong focus on its mission, with resources seemingly directed towards its historical preservation and educational activities, given the lack of significant administrative or fundraising expenditures.