Caribou Historical Society

Caribou Historical Society consistently operates at a significant deficit, spending far more than it earns annually.

EIN: 16054897 · Caribou, ME · Updated: 2026-03-28

$4KRevenue
$226KAssets
45/100Mission Score (Fair)

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Caribou Historical Society Financial Summary
MetricValue
Total Revenue$4K
Total Expenses$22K
Program Spending70%
Net Assets$196K
Transparency Score45/100

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Caribou Historical Society Form 990, Revenue, CEO Pay, and IRS Filing Signals

Caribou Historical Society is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Caribou Historical Society in one place.

Form 990 Filing Summary

12 filing years are available, with latest revenue of $3K and expenses of $22K.

Revenue and Expenses

Caribou Historical Society reported $3K in revenue and $22K in expenses, a deficit of $19K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

45/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.

Is Caribou Historical Society Legit?

Significant Concerns

GoodFiling Consistency
GoodSpending Efficiency
ModerateTransparency
3 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
70%Program Expense
$0Grants Paid
12Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Caribou Historical Society Expense Deployment
Program services$15K (70%)

Across stored filings, Caribou Historical Society shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Caribou Historical Society Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySignificant ConcernsGood filing record; 3 red flags identified
Mission spend70% to programsGood
Financial durabilityGrade B12 stored filing years
Peer contextCompare with Maine Composite Materials Applied Technology Development CenterMaine and category context

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Caribou Historical Society directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Caribou Historical Society

Caribou Historical Society (EIN: 16054897) is a nonprofit organization based in Caribou, ME. The organization reported total revenue of $4K and total assets of $226K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caribou Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

51Years Operating
MicroSize Classification
12Years of Filings
MixedRevenue Trajectory

Caribou Historical Society is a micro nonprofit that has been operating for 51 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -9.1%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$3K
Total Expenses$22K
Surplus / Deficit$-19,243
Total Assets$200K
Total Liabilities$5K
Net Assets$196K
Operating Margin-740.7%
Debt-to-Asset Ratio2.4%
Months of Reserves110.1 months

Financial Health Grade: B

In 2023, Caribou Historical Society reported a deficit of $19K with expenses exceeding revenue, holds 110.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).

Financial Trends

Over 12 years of filings (2012–2023), Caribou Historical Society's revenue has declined at a compound annual growth rate (CAGR) of -9.1%.

YearRevenue ChangeExpense ChangeAsset Change
2023+25.6%+59.8%+0.0%
2022-88.9%-32.0%+2.2%
2021+498.7%+13.2%-0.7%
2020+5.9%+3.7%-4.5%
2019-82.3%-1.6%-5.5%

IRS Tax-Exempt Classification

IRS Classification Codes2000
IRS Ruling Date1975

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

The Caribou Historical Society appears to be a small, community-focused organization with a consistent asset base, averaging around $200,000-$220,000 over the past decade. However, a significant concern is its recurring operational deficit. In the latest filing (202306), the organization reported revenue of $2,598 against expenses of $21,841, indicating that expenses were nearly nine times its revenue. This trend of expenses consistently exceeding revenue is evident across most of its filing history, with only a few exceptions (e.g., 201706). This suggests a reliance on drawing down reserves or other non-operating income sources to cover costs, which is not sustainable long-term. The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent and substantial gap between revenue and expenses points to potential inefficiencies or a business model that relies heavily on past accumulated assets rather than current fundraising or program fees. The lack of reported officer compensation across all filings indicates a volunteer-led structure, which can be a positive for minimizing administrative overhead, but doesn't negate the overall financial imbalance. Transparency regarding executive compensation is excellent, as no officer compensation has been reported. However, the overall financial health is precarious due to the persistent operational deficits. While assets have remained relatively stable, the organization is consistently spending more than it brings in from its operations, which could erode its asset base over time if not addressed. The latest revenue of $3,544 against assets of $225,502 suggests a very low asset utilization rate or a significant reliance on endowment income not reflected in the 'Revenue' figures provided.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Caribou Historical Society with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

  • admin: 20%
  • programs: 70%
  • fundraising: 10%

According to IRS 990 filings, Caribou Historical Society allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$3KTotal Revenue
$22KTotal Expenses
$200KTotal Assets
$5KTotal Liabilities
$196KNet Assets
  • The organization reported a deficit of $19K, with expenses exceeding revenue.
  • Debt-to-asset ratio: 2.4%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization. This is commendable for a small organization and helps minimize administrative costs.

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 Caribou Historical Society's IRS 990 filings:

  • Consistent and significant operational deficits (e.g., 202306: $2,598 revenue vs. $21,841 expenses)
  • Expenses frequently exceeding revenue by a large margin over multiple years
  • Low revenue generation relative to asset base and expenses

Strengths

The following positive indicators were identified for Caribou Historical Society:

  • No reported officer compensation, indicating a volunteer-led structure
  • Stable asset base over the past decade (around $200,000 - $220,000)
  • Low liabilities in most years, suggesting good debt management

Frequently Asked Questions about Caribou Historical Society

Is Caribou Historical Society a legitimate charity?

Caribou Historical Society (EIN: 16054897) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 45/100. It has 12 years of IRS 990 filings on record. Total revenue: $4K. 3 red flags identified. 3 strengths noted. Financial health grade: B.

How does Caribou Historical Society spend its money?

Caribou Historical Society directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.

Are donations to Caribou Historical Society tax-deductible?

Caribou Historical Society is registered as a tax-exempt nonprofit (EIN: 16054897). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of Caribou Historical Society's spending goes to programs?

Caribou Historical Society directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.

Where is Caribou Historical Society located?

Caribou Historical Society is headquartered in Caribou, Maine and files with the IRS under EIN 16054897.

How many years of IRS 990 filings does Caribou Historical Society have?

Caribou Historical Society has 12 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 $4K in total revenue.

How does the Caribou Historical Society cover its consistent operational deficits?

The provided data shows that expenses consistently exceed revenue. For example, in 202306, expenses were $21,841 while revenue was only $2,598. This suggests the organization is either drawing down its assets, relying on significant non-operating income not captured in 'Revenue', or receiving substantial in-kind donations to cover its costs.

Is the Caribou Historical Society's current financial model sustainable?

Based on the consistent operational deficits where expenses frequently outpace revenue (e.g., $21,841 expenses vs. $2,598 revenue in 202306), the current financial model appears unsustainable in the long term without significant changes to revenue generation or expense management, or a reliance on a substantial endowment.

What is the primary source of funding for the Caribou Historical Society?

The provided data does not specify the primary source of funding. Given the low reported revenue figures (e.g., $3,544 latest revenue) relative to expenses, it's unclear if it relies on membership fees, grants, donations, or other income streams. Further detail from the full 990 filing would be needed.

Filing History

IRS 990 filing history for Caribou Historical Society showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Caribou Historical Society's revenue has declined by 65.1%, moving from $7K to $3K. Total assets decreased by 14.6% over the same period, from $235K to $200K. Total functional expenses fell by 3.2%, from $23K to $22K. In its most recent filing year (2023), Caribou Historical Society reported a deficit of $19K, with expenses exceeding revenue. The organization holds $5K in liabilities against $200K in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $196K.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $3K $22K $200K $5K View 990
2022 $2K $14K $200K $776 View 990
2021 $19K $20K $196K $0 View 990
2020 $3K $18K $197K $0 View 990
2019 $3K $17K $207K $0 View 990
2018 $17K $17K $219K $0
2017 $30K $16K $218K $0 View 990
2016 $12K $20K $201K $0 View 990
2015 $6K $27K $209K $0 View 990
2014 $20K $24K $230K $0 View 990
2013 $20K $22K $233K $0 View 990
2012 $7K $23K $235K $0 View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $3K, expenses of $22K, and assets of $200K (revenue +25.6% year-over-year).
  • 2022: Revenue of $2K, expenses of $14K, and assets of $200K (revenue -88.9% year-over-year).
  • 2021: Revenue of $19K, expenses of $20K, and assets of $196K (revenue +498.7% year-over-year).
  • 2020: Revenue of $3K, expenses of $18K, and assets of $197K (revenue +5.9% year-over-year).
  • 2019: Revenue of $3K, expenses of $17K, and assets of $207K (revenue -82.3% year-over-year).
  • 2018: Revenue of $17K, expenses of $17K, and assets of $219K (revenue -43.7% year-over-year).
  • 2017: Revenue of $30K, expenses of $16K, and assets of $218K (revenue +148.2% year-over-year).
  • 2016: Revenue of $12K, expenses of $20K, and assets of $201K (revenue +115.9% year-over-year).
  • 2015: Revenue of $6K, expenses of $27K, and assets of $209K (revenue -72.4% year-over-year).
  • 2014: Revenue of $20K, expenses of $24K, and assets of $230K (revenue -1.7% year-over-year).
  • 2013: Revenue of $20K, expenses of $22K, and assets of $233K (revenue +173.6% year-over-year).
  • 2012: Revenue of $7K, expenses of $23K, and assets of $235K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Caribou Historical Society:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing

Data Sources and Methodology

This transparency report for Caribou 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.

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