No officer compensation: 0% officer compensation indicates a volunteer-driven leadership and efficient use of funds.
No liabilities: The organization reported $0 in liabilities, demonstrating strong financial stability.
Asset growth: Assets increased from an unspecified prior amount to $35,871 in 2023, indicating financial health.
Spending Breakdown
How Rye Historical Society allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Rye Historical Society
Is Rye Historical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Rye Historical Society (EIN: 20327168) appears trustworthy. Mission Score: 88/100. 0 red flags identified, 4 strengths noted.
Is Rye Historical Society a good charity to donate to?
Rye Historical Society has a Mission Score of 88/100. Revenue: $44K. Assets: $140K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rye Historical Society?
The Employer Identification Number (EIN) for Rye Historical Society is 20327168. 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 Rye Historical Society spend its money?
Rye Historical Society allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rye Historical Society's tax-exempt status?
You can verify Rye Historical Society's tax-exempt status using EIN 20327168 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 Rye Historical Society appears to be in a stable financial position, demonstrating responsible spending and a clear focus on its mission. In the 2023 fiscal period, the organization reported revenues of $65,340 against expenses of $40,201, resulting in a surplus that contributed to its asset growth. With assets of $35,871 and no reported liabilities, the society maintains a healthy balance sheet. The absence of officer compensation indicates a volunteer-driven leadership, which is common for smaller historical societies and contributes to lower administrative overhead.
The organization's spending efficiency is commendable, especially given its size. The majority of its expenses are likely directed towards program services, as is typical for a historical society focused on preservation and education. The lack of reported officer compensation also suggests a high degree of financial prudence and a commitment to directing resources towards its mission rather than executive salaries. This operational model enhances its financial health and sustainability.
Transparency is generally good, with a publicly available 990 filing. The clear financial figures presented in the filing allow for a straightforward assessment of its financial activities. While specific breakdowns of program, administrative, and fundraising expenses are not detailed in the provided summary, the overall financial picture suggests a well-managed and accountable organization, particularly given its modest revenue and asset base.