Canton Historical Society
Canton Historical Society shows fluctuating revenue, no officer compensation, and recent financial inactivity.
EIN: 10339467 · Canton, ME · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $72K |
| Program Spending | 80% |
| Net Assets | $72K |
| Transparency Score | 75/100 |
Is Canton Historical Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Canton Historical Society directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Canton Historical Society
Canton Historical Society (EIN: 10339467) is a nonprofit organization based in Canton, ME, classified under NTEE code A80. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Canton Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Canton Historical Society is a micro nonprofit that has been operating for 27 years, with 2 years of IRS 990 filings on record (2017–2018). Revenue has grown at a compound annual rate of -28.2%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $72K |
| Surplus / Deficit | $-170 |
| Total Assets | $72K |
| Net Assets | $72K |
| Operating Margin | -0.2% |
| Months of Reserves | 11.9 months |
Financial Health Grade: B
In 2018, Canton Historical Society reported a deficit of $170 with expenses exceeding revenue, holds 11.9 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2017–2018), Canton Historical Society's revenue has declined at a compound annual growth rate (CAGR) of -28.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -28.2% | +2.3% | +86.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
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 Canton Historical Society with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Canton Historical Society allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $170, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation was reported as 0% in both 2017 and 2018, indicating that the organization's leadership is likely volunteer-based, which is highly efficient for a small nonprofit.
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.
Red Flags
The following concerns were identified during AI analysis of Canton Historical Society's IRS 990 filings:
- Latest reported revenue and assets are $0, raising concerns about current operational status.
- Significant year-over-year revenue fluctuation (from $100,508 in 2017 to $72,192 in 2018, then to $0).
Strengths
The following positive indicators were identified for Canton Historical Society:
- No officer compensation reported in 2017 and 2018, indicating volunteer leadership.
- No liabilities reported in 2017 and 2018, suggesting a debt-free operation.
- Maintained a stable asset base of $71,834 in 2018.
Frequently Asked Questions about Canton Historical Society
Is Canton Historical Society a legitimate charity?
Canton Historical Society (EIN: 10339467) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 2 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Canton Historical Society spend its money?
Canton Historical Society directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Canton Historical Society tax-deductible?
Canton Historical Society is registered as a tax-exempt nonprofit (EIN: 10339467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Canton Historical Society's spending goes to programs?
Canton Historical Society directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Canton Historical Society compare to similar nonprofits?
With a transparency score of 75/100 (Good), Canton Historical Society is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Canton Historical Society located?
Canton Historical Society is headquartered in Canton, Maine and files with the IRS under EIN 10339467. It is classified under NTEE code A80.
How many years of IRS 990 filings does Canton Historical Society have?
Canton Historical Society has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is the Canton Historical Society currently active?
The provided data shows 'Latest Revenue: $0' and 'Assets: $0', which could indicate inactivity or a gap in reporting beyond the 2018 filing. Further investigation into more recent filings or direct contact with the organization would be needed to confirm its current operational status.
How does the organization manage its finances given the revenue fluctuations?
In 2017, the organization had a surplus of over $29,000, which helped build its asset base. In 2018, it operated at a slight deficit of $170. This suggests a need for careful budgeting and fundraising to manage year-to-year variations in income.
What is the primary source of the organization's funding?
The provided data does not detail specific revenue sources, only total revenue. Without this breakdown, it's difficult to determine if funding comes primarily from donations, grants, or other activities.
Filing History
IRS 990 filing history for Canton Historical Society showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2017–2018), Canton Historical Society's revenue has declined by 28.2%, moving from $101K to $72K. Total assets increased by 86.6% over the same period, from $39K to $72K. Total functional expenses rose by 2.3%, from $71K to $72K. In its most recent filing year (2018), Canton Historical Society reported a deficit of $170, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $72K | $72K | $72K | $0 | — | View 990 |
| 2017 | $101K | $71K | $39K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Canton Historical Society:
Data Sources and Methodology
This transparency report for Canton 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.