Is Lovell Historical Society Legit? —…

Strengths

Consistent asset growth, reaching $673,830 in 2023.
Zero reported liabilities across all 13 filings, indicating strong financial stability.
0% officer compensation, suggesting efficient use of funds for mission-related activities.
Regular and consistent IRS 990 filing history (13 filings), demonstrating transparency.
Revenue consistently exceeding expenses in most recent years, allowing for reserve building (e.g., $151,332 revenue vs. $75,716 expenses in 2023).

Spending Breakdown

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

80%

Program Spending

Healthy — majority goes to mission

15%

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 Lovell Historical Society

Is Lovell Historical Society a legitimate charity?

Based on AI analysis of IRS 990 filings, Lovell Historical Society (EIN: 10339744) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.

Is Lovell Historical Society a good charity to donate to?

Lovell Historical Society has a Mission Score of 85/100. Revenue: $138K. Assets: $734K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Lovell Historical Society?

The Employer Identification Number (EIN) for Lovell Historical Society is 10339744. 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 Lovell Historical Society spend its money?

Lovell Historical Society allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

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

You can verify Lovell Historical Society's tax-exempt status using EIN 10339744 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 Lovell Historical Society demonstrates generally sound financial health, with assets consistently growing over the past few years, reaching $673,830 in 2023. The organization has maintained a strong financial position with zero reported liabilities across all available filings, indicating excellent fiscal management and no reliance on debt. Revenue has fluctuated, with a notable peak of $151,332 in 2023, significantly exceeding expenses of $75,716 for that period, allowing for asset growth. The society's consistent filing of IRS Form 990s, with 13 filings, indicates a commitment to transparency.

Spending efficiency appears strong, particularly in 2023 where expenses were roughly half of the revenue, suggesting effective resource management. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial picture suggests that the organization is able to cover its operational costs and build reserves. The absence of officer compensation further indicates that resources are likely directed towards the organization's mission.

Overall, the Lovell Historical Society appears to be a well-managed and transparent organization. Its consistent asset growth, lack of liabilities, and regular IRS filings paint a picture of a financially stable entity dedicated to its mission. The fluctuations in revenue are typical for smaller non-profits, but the society has consistently managed to operate within its means and build its financial foundation.

Is Lovell Historical Society Legit?

Verdict: Lovell Historical Society appears trustworthy