Bangor Historical Society
Bangor Historical Society maintains stable assets and zero officer compensation amidst fluctuating revenues.
EIN: 10282853 · Bangor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $365K |
| Total Expenses | $92K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $850,428. |
| Net Assets | $620K |
| Transparency Score | 85/100 |
Is Bangor Historical Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bangor Historical Society directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bangor Historical Society
Bangor Historical Society (EIN: 10282853) is a nonprofit organization based in Bangor, ME. The organization reported total revenue of $365K and total assets of $850K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bangor Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bangor Historical Society is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $187K |
| Total Expenses | $92K |
| Surplus / Deficit | +$96K |
| Total Assets | $620K |
| Net Assets | $620K |
| Operating Margin | 51.1% |
| Months of Reserves | 81.3 months |
Financial Health Grade: A
In 2023, Bangor Historical Society reported a surplus of $96K with revenue exceeding expenses, holds 81.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Bangor Historical Society's revenue has declined at a compound annual growth rate (CAGR) of -7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +212.6% | +57.6% | +19.6% |
| 2022 | -12.1% | +39.6% | -11.1% |
| 2021 | +9.9% | -47.6% | +13.0% |
| 2020 | +3.2% | -27.2% | +3.0% |
| 2019 | -63.7% | -10.3% | -14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Bangor Historical Society with a Mission Score of 85 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, Bangor 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $96K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with assets around $850,428.
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 Bangor Historical Society:
- Consistent zero officer compensation, indicating high efficiency in leadership costs.
- Very low to zero liabilities across all reported periods, demonstrating strong financial management.
- Healthy asset base ($850,428 latest, with a peak over $1 million in 2014) relative to annual expenses, providing financial stability.
- Positive net income in most recent years (e.g., $187,499 revenue vs. $91,606 expenses in 2023), allowing for asset growth.
Frequently Asked Questions about Bangor Historical Society
Is Bangor Historical Society a legitimate charity?
Bangor Historical Society (EIN: 10282853) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $365K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Bangor Historical Society spend its money?
Bangor Historical Society directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bangor Historical Society tax-deductible?
Bangor Historical Society is registered as a tax-exempt nonprofit (EIN: 10282853). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bangor Historical Society CEO make?
Bangor Historical Society's highest-compensated officer earns $850,428. annually. The organization reported $365K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bangor Historical Society's spending goes to programs?
Bangor Historical Society directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bangor Historical Society located?
Bangor Historical Society is headquartered in Bangor, Maine and files with the IRS under EIN 10282853.
How many years of IRS 990 filings does Bangor Historical Society have?
Bangor Historical Society has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $365K in total revenue.
Is Bangor Historical Society a good charity?
Based on the available data, Bangor Historical Society appears to be a well-managed charity. It consistently reports zero officer compensation, maintains a healthy asset-to-liability ratio, and generally operates within its means, indicating strong financial stewardship and a focus on its mission.
How has the organization's financial health changed over time?
The organization's financial health has been relatively stable in terms of assets, though revenue has fluctuated significantly. For example, revenue jumped from $59,971 in 2022 to $187,499 in 2023, while assets grew from $518,764 to $620,309 in the same period. Liabilities have consistently remained very low or zero, indicating strong financial control.
What is the organization's approach to executive compensation?
The Bangor Historical Society reports 0% officer compensation in all available filings, suggesting a commitment to minimizing administrative overhead and potentially relying on volunteer leadership for its executive functions.
Filing History
IRS 990 filing history for Bangor Historical Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bangor Historical Society's revenue has declined by 58.1%, moving from $448K to $187K. Total assets decreased by 78.7% over the same period, from $2.9M to $620K. Total functional expenses fell by 38.8%, from $150K to $92K. In its most recent filing year (2023), Bangor Historical Society reported a surplus of $96K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $187K | $92K | $620K | $0 | — | View 990 |
| 2022 | $60K | $58K | $519K | $0 | — | — |
| 2021 | $68K | $42K | $584K | $6 | — | View 990 |
| 2020 | $62K | $80K | $516K | $6 | — | View 990 |
| 2019 | $60K | $109K | $501K | $93 | — | View 990 |
| 2018 | $166K | $122K | $585K | $21 | — | View 990 |
| 2017 | $84K | $132K | $924K | $3K | — | View 990 |
| 2016 | $72K | $139K | $882K | $4K | — | View 990 |
| 2015 | $71K | $138K | $907K | $6K | — | View 990 |
| 2014 | $70K | $67K | $1.0M | $3K | — | View 990 |
| 2013 | $-1,799,709 | $234K | $1000K | $897 | — | View 990 |
| 2012 | $111K | $206K | $2.9M | $191K | — | View 990 |
| 2011 | $448K | $150K | $2.9M | $191K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $187K, expenses of $92K, and assets of $620K (revenue +212.6% year-over-year).
- 2022: Revenue of $60K, expenses of $58K, and assets of $519K (revenue -12.1% year-over-year).
- 2021: Revenue of $68K, expenses of $42K, and assets of $584K (revenue +9.9% year-over-year).
- 2020: Revenue of $62K, expenses of $80K, and assets of $516K (revenue +3.2% year-over-year).
- 2019: Revenue of $60K, expenses of $109K, and assets of $501K (revenue -63.7% year-over-year).
- 2018: Revenue of $166K, expenses of $122K, and assets of $585K (revenue +98.2% year-over-year).
- 2017: Revenue of $84K, expenses of $132K, and assets of $924K (revenue +16.6% year-over-year).
- 2016: Revenue of $72K, expenses of $139K, and assets of $882K (revenue +1.1% year-over-year).
- 2015: Revenue of $71K, expenses of $138K, and assets of $907K (revenue +1.0% year-over-year).
- 2014: Revenue of $70K, expenses of $67K, and assets of $1.0M.
- 2013: Revenue of $-1,799,709, expenses of $234K, and assets of $1000K (revenue -1720.7% year-over-year).
- 2012: Revenue of $111K, expenses of $206K, and assets of $2.9M (revenue -75.2% year-over-year).
- 2011: Revenue of $448K, expenses of $150K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bangor Historical Society:
Data Sources and Methodology
This transparency report for Bangor 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.