American Recorder Society Inc
American Recorder Society Inc. shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 132930296 · Charlotte, NC · Updated: 2026-03-28
Is American Recorder Society Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Recorder Society Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Recorder Society Inc
American Recorder Society Inc (EIN: 132930296) is a nonprofit organization based in Charlotte, NC. The organization reported total revenue of $320K and total assets of $592K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Recorder Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Recorder Society Inc is a small nonprofit that has been operating for 64 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $231K |
| Total Expenses | $201K |
| Surplus / Deficit | +$30K |
| Total Assets | $433K |
| Total Liabilities | $18K |
| Net Assets | $415K |
| Operating Margin | 12.9% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 25.9 months |
Financial Health Grade: A
In 2023, American Recorder Society Inc reported a surplus of $30K with revenue exceeding expenses, holds 25.9 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), American Recorder Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | +13.4% | +9.4% |
| 2022 | -23.5% | -12.8% | +0.9% |
| 2021 | +20.8% | +12.8% | +19.9% |
| 2020 | +21.4% | +5.4% | +29.2% |
| 2019 | +5.9% | +4.9% | +8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1962 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Recorder Society Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, American Recorder Society Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated below IRS reporting thresholds, which is highly favorable for a nonprofit of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for American Recorder Society Inc:
- Consistent revenue growth, from $187,958 in 2014 to $230,567 in 2023.
- Strong asset accumulation, with assets growing from $166,205 in 2014 to $432,831 in 2023.
- Consistent operating surplus, with revenues exceeding expenses in most years (e.g., 2023 revenue $230,567 vs. expenses $200,877).
- 0% reported officer compensation across all filings, indicating efficient use of funds and potentially volunteer leadership.
- Low liabilities relative to assets, suggesting good financial control (e.g., 2023 liabilities $17,578 vs. assets $432,831).
Frequently Asked Questions about American Recorder Society Inc
Is American Recorder Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, American Recorder Society Inc (EIN: 132930296) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does American Recorder Society Inc spend its money?
American Recorder Society Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American Recorder Society Inc tax-deductible?
American Recorder Society Inc is registered as a tax-exempt nonprofit (EIN: 132930296). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is American Recorder Society Inc. a good charity?
Based on its financial data, American Recorder Society Inc. appears to be a well-managed and financially healthy charity. It consistently operates with a surplus, grows its assets, and reports no officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has the organization's financial health changed over the last decade?
The organization's financial health has significantly improved over the last decade. Revenue increased from $187,958 in 2014 to $230,567 in 2023, and assets more than doubled from $166,205 to $432,831 in the same period, demonstrating robust growth and stability.
What is the trend in the organization's assets?
The organization's assets have shown a strong and consistent upward trend, growing from $166,205 in 2014 to $432,831 in 2023. This indicates effective financial management and the accumulation of reserves.
Filing History
IRS 990 filing history for American Recorder Society Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), American Recorder Society Inc's revenue has grown by 32%, moving from $175K to $231K. Total assets increased by 310.2% over the same period, from $106K to $433K. Total functional expenses rose by 24.2%, from $162K to $201K. In its most recent filing year (2023), American Recorder Society Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $18K in liabilities against $433K in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $415K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $231K | $201K | $433K | $18K | — | View 990 |
| 2022 | $231K | $177K | $396K | $20K | — | View 990 |
| 2021 | $302K | $203K | $392K | $18K | — | View 990 |
| 2020 | $250K | $180K | $327K | $34K | — | View 990 |
| 2019 | $206K | $171K | $253K | $19K | — | View 990 |
| 2018 | $194K | $163K | $234K | $19K | — | View 990 |
| 2017 | $181K | $171K | $198K | $20K | — | View 990 |
| 2016 | $185K | $158K | $175K | $18K | — | View 990 |
| 2015 | $164K | $167K | $151K | $18K | — | View 990 |
| 2014 | $188K | $169K | $166K | $46K | — | View 990 |
| 2013 | $162K | $167K | $137K | $47K | — | View 990 |
| 2012 | $215K | $204K | $135K | $41K | — | View 990 |
| 2011 | $172K | $164K | $122K | $49K | — | View 990 |
| 2010 | $175K | $162K | $106K | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $231K, expenses of $201K, and assets of $433K (revenue -0.2% year-over-year).
- 2022: Revenue of $231K, expenses of $177K, and assets of $396K (revenue -23.5% year-over-year).
- 2021: Revenue of $302K, expenses of $203K, and assets of $392K (revenue +20.8% year-over-year).
- 2020: Revenue of $250K, expenses of $180K, and assets of $327K (revenue +21.4% year-over-year).
- 2019: Revenue of $206K, expenses of $171K, and assets of $253K (revenue +5.9% year-over-year).
- 2018: Revenue of $194K, expenses of $163K, and assets of $234K (revenue +7.6% year-over-year).
- 2017: Revenue of $181K, expenses of $171K, and assets of $198K (revenue -2.1% year-over-year).
- 2016: Revenue of $185K, expenses of $158K, and assets of $175K (revenue +12.9% year-over-year).
- 2015: Revenue of $164K, expenses of $167K, and assets of $151K (revenue -13.0% year-over-year).
- 2014: Revenue of $188K, expenses of $169K, and assets of $166K (revenue +15.7% year-over-year).
- 2013: Revenue of $162K, expenses of $167K, and assets of $137K (revenue -24.4% year-over-year).
- 2012: Revenue of $215K, expenses of $204K, and assets of $135K (revenue +24.7% year-over-year).
- 2011: Revenue of $172K, expenses of $164K, and assets of $122K (revenue -1.3% year-over-year).
- 2010: Revenue of $175K, expenses of $162K, and assets of $106K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Recorder Society Inc:
Data Sources and Methodology
This transparency report for American Recorder Society Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.