Castine Historical Society Inc
Castine Historical Society maintains strong asset base with no reported officer compensation, but faced a significant deficit in 2023.
EIN: 10377623 · Castine, ME · NTEE: A82Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $514K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $7.2M |
| Transparency Score | 85/100 |
Is Castine Historical Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Castine Historical Society Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Castine Historical Society Inc
Castine Historical Society Inc (EIN: 10377623) is a nonprofit organization based in Castine, ME, classified under NTEE code A82Z. The organization reported total revenue of $1.8M and total assets of $7.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Castine Historical Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Castine Historical Society Inc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $187K |
| Total Expenses | $514K |
| Surplus / Deficit | $-326,507 |
| Total Assets | $7.6M |
| Total Liabilities | $364K |
| Net Assets | $7.2M |
| Operating Margin | -174.4% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 176.4 months |
Financial Health Grade: B
In 2023, Castine Historical Society Inc reported a deficit of $327K with expenses exceeding revenue, holds 176.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Castine Historical Society Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -58.0% | +11.7% | +3.4% |
| 2022 | -26.3% | +5.2% | -12.5% |
| 2021 | +1.8% | +6.3% | +2.0% |
| 2020 | +45.3% | -18.6% | +3.3% |
| 2019 | -18.8% | +18.5% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Castine Historical Society Inc 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, Castine 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $327K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.8%.
Executive Compensation Analysis
Executive compensation is consistently 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 over $7 million.
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 Castine Historical Society Inc's IRS 990 filings:
- Significant deficit in 2023 ($187,268 revenue vs. $513,775 expenses)
Strengths
The following positive indicators were identified for Castine Historical Society Inc:
- Consistent asset base over $7 million
- 0% reported officer compensation across all filings
- Long history of IRS 990 filings demonstrating transparency
- Decreasing trend in liabilities over the past decade
Frequently Asked Questions about Castine Historical Society Inc
Is Castine Historical Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Castine Historical Society Inc (EIN: 10377623) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Castine Historical Society Inc spend its money?
Castine Historical Society Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Castine Historical Society Inc tax-deductible?
Castine Historical Society Inc is registered as a tax-exempt nonprofit (EIN: 10377623). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Castine Historical Society Inc CEO make?
Castine Historical Society Inc's highest-compensated officer earns $7 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Castine Historical Society Inc's spending goes to programs?
Castine Historical Society Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Castine Historical Society Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Castine Historical Society Inc is above average for NTEE category A82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Castine Historical Society Inc located?
Castine Historical Society Inc is headquartered in Castine, Maine and files with the IRS under EIN 10377623. It is classified under NTEE code A82Z.
How many years of IRS 990 filings does Castine Historical Society Inc have?
Castine Historical Society Inc 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 $1.8M in total revenue.
Is Castine Historical Society Inc. financially stable?
Yes, the organization appears financially stable with a consistent asset base exceeding $7 million. However, the significant deficit in 2023 ($187,268 revenue vs. $513,775 expenses) is a point to monitor.
How does Castine Historical Society Inc. manage executive compensation?
The organization reports 0% officer compensation across all available filings, indicating a highly efficient and likely volunteer-led executive structure.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated significantly, from $187,268 in 2023 to $605,426 in 2021. Expenses have been more consistent, generally ranging between $350,000 and $500,000 annually, though 2023 saw expenses at $513,775.
Are there any concerns about the organization's liabilities?
Liabilities have generally decreased over the past decade, from $1,330,834 in 2015 to $363,853 in 2023, which is a positive trend indicating improved financial health.
Filing History
IRS 990 filing history for Castine Historical Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Castine Historical Society Inc's revenue has declined by 23.4%, moving from $244K to $187K. Total assets increased by 28.5% over the same period, from $5.9M to $7.6M. Total functional expenses rose by 189.1%, from $178K to $514K. In its most recent filing year (2023), Castine Historical Society Inc reported a deficit of $327K, with expenses exceeding revenue. The organization holds $364K in liabilities against $7.6M in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $187K | $514K | $7.6M | $364K | — | — |
| 2022 | $446K | $460K | $7.3M | $427K | — | — |
| 2021 | $605K | $437K | $8.4M | $494K | — | View 990 |
| 2020 | $595K | $411K | $8.2M | $851K | — | — |
| 2019 | $409K | $505K | $7.9M | $933K | — | View 990 |
| 2018 | $504K | $426K | $7.5M | $1.0M | — | View 990 |
| 2017 | $558K | $367K | $8.3M | $1.1M | — | View 990 |
| 2016 | $410K | $350K | $7.9M | $1.2M | — | View 990 |
| 2015 | $372K | $513K | $7.8M | $1.3M | — | View 990 |
| 2014 | $392K | $281K | $8.0M | $1.2M | — | View 990 |
| 2013 | $326K | $297K | $7.1M | $404K | — | View 990 |
| 2012 | $323K | $246K | $6.1M | $1K | — | View 990 |
| 2011 | $244K | $178K | $5.9M | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $187K, expenses of $514K, and assets of $7.6M (revenue -58.0% year-over-year).
- 2022: Revenue of $446K, expenses of $460K, and assets of $7.3M (revenue -26.3% year-over-year).
- 2021: Revenue of $605K, expenses of $437K, and assets of $8.4M (revenue +1.8% year-over-year).
- 2020: Revenue of $595K, expenses of $411K, and assets of $8.2M (revenue +45.3% year-over-year).
- 2019: Revenue of $409K, expenses of $505K, and assets of $7.9M (revenue -18.8% year-over-year).
- 2018: Revenue of $504K, expenses of $426K, and assets of $7.5M (revenue -9.8% year-over-year).
- 2017: Revenue of $558K, expenses of $367K, and assets of $8.3M (revenue +36.1% year-over-year).
- 2016: Revenue of $410K, expenses of $350K, and assets of $7.9M (revenue +10.4% year-over-year).
- 2015: Revenue of $372K, expenses of $513K, and assets of $7.8M (revenue -5.2% year-over-year).
- 2014: Revenue of $392K, expenses of $281K, and assets of $8.0M (revenue +20.4% year-over-year).
- 2013: Revenue of $326K, expenses of $297K, and assets of $7.1M (revenue +0.8% year-over-year).
- 2012: Revenue of $323K, expenses of $246K, and assets of $6.1M (revenue +32.1% year-over-year).
- 2011: Revenue of $244K, expenses of $178K, and assets of $5.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Castine Historical Society Inc:
Data Sources and Methodology
This transparency report for Castine 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.