Andover Historical Society
Andover Historical Society shows strong financial growth and stability with no executive compensation.
EIN: 20366332 · Andover, NH · NTEE: B90 · Updated: 2026-03-28
Is Andover Historical Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Andover Historical Society directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Andover Historical Society
Andover Historical Society (EIN: 20366332) is a nonprofit organization based in Andover, NH, classified under NTEE code B90. The organization reported total revenue of $97K and total assets of $383K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Andover Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Andover Historical Society with a Mission Score of 92 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, Andover Historical Society 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.
Executive Compensation Analysis
The Andover Historical Society reports 0% officer compensation across all available filings, indicating a volunteer-led organization where no executives receive salaries, which is highly efficient for a nonprofit of its 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 Andover Historical Society:
- Consistent asset growth from $217,535 in 2012 to $277,452 in 2023.
- Zero officer compensation reported across all filings, indicating a volunteer-driven model.
- Very low liabilities, with only $7,807 reported in 2023, demonstrating strong financial health.
- Significant revenue growth, from $17,857 in 2019 to $50,771 in 2023, and a latest revenue of $97,230.
- Excellent 990 filing history with 11 filings, indicating strong transparency.
Frequently Asked Questions about Andover Historical Society
Is Andover Historical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Andover Historical Society (EIN: 20366332) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Andover Historical Society spend its money?
Andover Historical Society directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Andover Historical Society tax-deductible?
Andover Historical Society is registered as a tax-exempt nonprofit (EIN: 20366332). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Andover Historical Society a good charity?
Based on the provided data, the Andover Historical Society appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, very low liabilities, and a commitment to its mission without executive compensation.
How has the organization's revenue trended?
The organization's revenue has shown significant positive growth, particularly in recent years, increasing from $17,857 in 2019 to $50,771 in 2023, and reaching a peak of $97,230 in its latest reported period.
What is the organization's financial stability?
The Andover Historical Society exhibits strong financial stability, with consistently growing assets (from $217,535 in 2012 to $277,452 in 2023) and very low liabilities ($7,807 in 2023), indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Andover Historical Society showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Andover Historical Society's revenue has grown by 189.1%, moving from $18K to $51K. Total assets increased by 22.7% over the same period, from $226K to $277K. Total functional expenses fell by 22.6%, from $23K to $18K. In its most recent filing year (2023), Andover Historical Society reported a surplus of $33K, with revenue exceeding expenses. The organization holds $8K in liabilities against $277K in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $270K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $51K | $18K | $277K | $8K | — | View 990 |
| 2020 | $30K | $23K | $231K | $1K | — | View 990 |
| 2019 | $18K | $17K | $223K | $0 | — | View 990 |
| 2018 | $18K | $25K | $222K | $0 | — | View 990 |
| 2017 | $16K | $12K | $229K | $0 | — | View 990 |
| 2016 | $16K | $12K | $225K | $0 | — | View 990 |
| 2015 | $15K | $18K | $220K | $0 | — | View 990 |
| 2014 | $17K | $14K | $223K | $0 | — | View 990 |
| 2013 | $15K | $13K | $220K | $0 | — | View 990 |
| 2012 | $19K | $27K | $218K | $0 | — | View 990 |
| 2011 | $18K | $23K | $226K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51K, expenses of $18K, and assets of $277K (revenue +68.3% year-over-year).
- 2020: Revenue of $30K, expenses of $23K, and assets of $231K (revenue +69.0% year-over-year).
- 2019: Revenue of $18K, expenses of $17K, and assets of $223K (revenue -0.5% year-over-year).
- 2018: Revenue of $18K, expenses of $25K, and assets of $222K (revenue +9.4% year-over-year).
- 2017: Revenue of $16K, expenses of $12K, and assets of $229K (revenue +1.7% year-over-year).
- 2016: Revenue of $16K, expenses of $12K, and assets of $225K (revenue +6.7% year-over-year).
- 2015: Revenue of $15K, expenses of $18K, and assets of $220K (revenue -9.4% year-over-year).
- 2014: Revenue of $17K, expenses of $14K, and assets of $223K (revenue +9.2% year-over-year).
- 2013: Revenue of $15K, expenses of $13K, and assets of $220K (revenue -18.8% year-over-year).
- 2012: Revenue of $19K, expenses of $27K, and assets of $218K (revenue +7.1% year-over-year).
- 2011: Revenue of $18K, expenses of $23K, and assets of $226K.
Data Sources and Methodology
This transparency report for Andover Historical Society 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.