Cashiers Historical Society Inc
Cashiers Historical Society Inc consistently allocates over 80% of expenses to programs with no reported officer compensation.
EIN: 113840349 · Cashiers, NC · NTEE: A80 · Updated: 2026-03-28
Is Cashiers Historical Society Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cashiers Historical Society Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cashiers Historical Society Inc
Cashiers Historical Society Inc (EIN: 113840349) is a nonprofit organization based in Cashiers, NC, classified under NTEE code A80. The organization reported total revenue of $824K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cashiers Historical Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cashiers Historical Society Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $389K |
| Total Expenses | $171K |
| Surplus / Deficit | +$218K |
| Total Assets | $2.5M |
| Total Liabilities | $10K |
| Net Assets | $2.5M |
| Operating Margin | 56.1% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 178.6 months |
Financial Health Grade: A
In 2022, Cashiers Historical Society Inc reported a surplus of $218K with revenue exceeding expenses, holds 178.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2022), Cashiers Historical Society Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +69.5% | +38.5% | +7.6% |
| 2021 | -30.9% | -28.2% | +6.1% |
| 2020 | +132.9% | -27.4% | +3.7% |
| 2019 | -29.2% | +37.8% | -3.1% |
| 2018 | +5.4% | -27.8% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Cashiers Historical Society Inc 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, Cashiers Historical 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $218K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for donor confidence and resource allocation.
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 Cashiers Historical Society Inc:
- High program spending ratio (85% in 2022)
- No reported officer compensation across all filings
- Consistent growth in net assets (from $2.23M in 2020 to $2.54M in 2022)
- Strong asset base relative to annual expenses ($2.54M assets vs. $171K expenses in 2022)
- Consistent filing of IRS Form 990s demonstrating transparency
Frequently Asked Questions about Cashiers Historical Society Inc
Is Cashiers Historical Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cashiers Historical Society Inc (EIN: 113840349) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Cashiers Historical Society Inc spend its money?
Cashiers Historical Society Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cashiers Historical Society Inc tax-deductible?
Cashiers Historical Society Inc is registered as a tax-exempt nonprofit (EIN: 113840349). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Cashiers Historical Society Inc a good charity?
Based on its financial data, Cashiers Historical Society Inc appears to be a good charity. It consistently allocates a high percentage of its expenses to program services (85% in 2022) and reports no officer compensation, indicating efficient use of donor funds and strong financial stewardship.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, with assets growing from $2,230,286 in 2020 to $2,547,147 in 2022. Revenue has consistently exceeded expenses in recent years, contributing to this asset growth and indicating a stable financial trajectory.
What is the organization's approach to executive compensation?
Cashiers Historical Society Inc reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership or that compensation is structured in a way that does not fall under 'officer compensation' on the 990, which is highly favorable for resource allocation.
Filing History
IRS 990 filing history for Cashiers Historical Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2022), Cashiers Historical Society Inc's revenue has declined by 19.4%, moving from $483K to $389K. Total assets increased by 27.7% over the same period, from $2.0M to $2.5M. Total functional expenses fell by 52.2%, from $358K to $171K. In its most recent filing year (2022), Cashiers Historical Society Inc reported a surplus of $218K, with revenue exceeding expenses. The organization holds $10K in liabilities against $2.5M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $389K | $171K | $2.5M | $10K | — | View 990 |
| 2021 | $230K | $124K | $2.4M | $27K | — | View 990 |
| 2020 | $333K | $172K | $2.2M | $8K | — | View 990 |
| 2019 | $143K | $237K | $2.2M | $50K | — | View 990 |
| 2018 | $202K | $172K | $2.2M | $10K | — | View 990 |
| 2018 | $191K | $238K | $2.2M | $52K | — | View 990 |
| 2017 | $162K | $215K | $2.3M | $49K | — | View 990 |
| 2016 | $382K | $452K | $2.2M | $11K | — | View 990 |
| 2015 | $493K | $460K | $2.3M | $5K | — | View 990 |
| 2014 | $350K | $256K | $2.3M | $9K | — | View 990 |
| 2013 | $483K | $240K | $2.2M | $43K | — | View 990 |
| 2012 | $84K | $63K | $2.0M | $79K | — | View 990 |
| 2011 | $483K | $358K | $2.0M | $65K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $389K, expenses of $171K, and assets of $2.5M (revenue +69.5% year-over-year).
- 2021: Revenue of $230K, expenses of $124K, and assets of $2.4M (revenue -30.9% year-over-year).
- 2020: Revenue of $333K, expenses of $172K, and assets of $2.2M (revenue +132.9% year-over-year).
- 2019: Revenue of $143K, expenses of $237K, and assets of $2.2M (revenue -29.2% year-over-year).
- 2018: Revenue of $202K, expenses of $172K, and assets of $2.2M (revenue +5.4% year-over-year).
- 2018: Revenue of $191K, expenses of $238K, and assets of $2.2M (revenue +18.2% year-over-year).
- 2017: Revenue of $162K, expenses of $215K, and assets of $2.3M (revenue -57.6% year-over-year).
- 2016: Revenue of $382K, expenses of $452K, and assets of $2.2M (revenue -22.4% year-over-year).
- 2015: Revenue of $493K, expenses of $460K, and assets of $2.3M (revenue +40.5% year-over-year).
- 2014: Revenue of $350K, expenses of $256K, and assets of $2.3M (revenue -27.4% year-over-year).
- 2013: Revenue of $483K, expenses of $240K, and assets of $2.2M (revenue +475.8% year-over-year).
- 2012: Revenue of $84K, expenses of $63K, and assets of $2.0M (revenue -82.6% year-over-year).
- 2011: Revenue of $483K, expenses of $358K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cashiers Historical Society Inc:
Data Sources and Methodology
This transparency report for Cashiers Historical 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.