Chebeague Island Historical Society
Chebeague Island Historical Society: Strong Financial Health, Modest Operations
EIN: 222561762 · Chebeague Is, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $198K |
| Total Expenses | $142K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $880K |
| Transparency Score | 75/100 |
Is Chebeague Island Historical Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chebeague Island Historical Society directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Chebeague Island Historical Society
Chebeague Island Historical Society (EIN: 222561762) is a nonprofit organization based in Chebeague Is, ME. The organization reported total revenue of $198K and total assets of $946K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chebeague Island Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chebeague Island Historical Society is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $116K |
| Total Expenses | $142K |
| Surplus / Deficit | $-25,640 |
| Total Assets | $888K |
| Total Liabilities | $9K |
| Net Assets | $880K |
| Operating Margin | -22.0% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 75.1 months |
Financial Health Grade: B
In 2023, Chebeague Island Historical Society reported a deficit of $26K with expenses exceeding revenue, holds 75.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chebeague Island Historical Society's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.1% | +89.9% | +0.3% |
| 2022 | -43.2% | +5.3% | -4.1% |
| 2021 | +109.4% | +3.2% | +12.2% |
| 2020 | +0.3% | +8.4% | +5.0% |
| 2019 | +24.0% | +21.5% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1987 |
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 Chebeague Island 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Chebeague Island 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:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is not a concern as the organization consistently reports $0 for compensation to officers, directors, trustees, and key employees across all available filings.
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 Chebeague Island Historical Society:
- Consistent growth in assets over the past several years, from $745,096 in 2016 to $946,491 in 2023.
- Very low liabilities relative to assets and revenue, indicating strong financial stability.
- Volunteer-driven model with no reported executive compensation, maximizing resource allocation to mission.
- Healthy revenue streams, with 2023 revenue at $197,942, supporting operational expenses.
Frequently Asked Questions about Chebeague Island Historical Society
Is Chebeague Island Historical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Chebeague Island Historical Society (EIN: 222561762) appears legitimate. Mission Score: 75/100. 0 red flags identified, 4 strengths noted.
How does Chebeague Island Historical Society spend its money?
Chebeague Island Historical Society directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chebeague Island Historical Society tax-deductible?
Chebeague Island Historical Society is registered as a tax-exempt nonprofit (EIN: 222561762). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chebeague Island Historical Society CEO make?
Chebeague Island Historical Society's highest-compensated officer earns $0 annually. The organization reported $198K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Chebeague Island Historical Society's spending goes to programs?
Chebeague Island Historical Society directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Chebeague Island Historical Society located?
Chebeague Island Historical Society is headquartered in Chebeague Is, Maine and files with the IRS under EIN 222561762.
How many years of IRS 990 filings does Chebeague Island Historical Society have?
Chebeague Island 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 $198K in total revenue.
What does Chebeague Island Historical Society do?
Chebeague Island Historical Society is a nonprofit organization in the Unknown sector, located in Chebeague Is, Maine. It is classified under NTEE code Unknown.
How much revenue does Chebeague Island Historical Society have?
Chebeague Island Historical Society reported total revenue of $197,942. Based on 13 IRS 990 filings on record.
What are Chebeague Island Historical Society's total assets?
Chebeague Island Historical Society holds total assets of $946,491 as reported in IRS 990 filings.
Where is Chebeague Island Historical Society located?
Chebeague Island Historical Society is based in Chebeague Is, Maine.
What is Chebeague Island Historical Society's EIN?
Chebeague Island Historical Society's Employer Identification Number (EIN) is 222561762. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Chebeague Island Historical Society?
Chebeague Island Historical Society is classified under NTEE code Unknown (Unknown).
Is Chebeague Island Historical Society a registered 501(c)(3)?
Chebeague Island Historical Society appears in IRS records (EIN: 222561762). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Chebeague Island Historical Society file IRS Form 990?
Yes, Chebeague Island Historical Society has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Chebeague Island Historical Society's revenue in 2023?
In the 202312 filing period, Chebeague Island Historical Society reported total revenue of $116,384, total expenses of $142,024, and net assets of $888,352.
Is Chebeague Island Historical Society's revenue growing or declining?
Chebeague Island Historical Society's revenue is growing. Revenue went from $88,100 (202212) to $116,384 (202312), a +32.1% change. Based on 13 filings on record.
What is Chebeague Island Historical Society's most recent 990 filing?
The most recent IRS Form 990 filing for Chebeague Island Historical Society covers tax period 202312. It shows revenue of $116,384, expenses of $142,024, total assets of $888,352, and liabilities of $8,510.
How much does Chebeague Island Historical Society spend on programs vs administration?
Based on IRS 990 analysis, Chebeague Island Historical Society allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Chebeague Island Historical Society a trustworthy charity?
Based on AI analysis of IRS 990 data, Chebeague Island Historical Society appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are Chebeague Island Historical Society's strengths?
Positive indicators for Chebeague Island Historical Society include: Consistent growth in assets over the past several years, from $745,096 in 2016 to $946,491 in 2023.. Very low liabilities relative to assets and revenue, indicating strong financial stability.. Volunteer-driven model with no reported executive compensation, maximizing resource allocation to mission.. Healthy revenue streams, with 2023 revenue at $197,942, supporting operational expenses.. These findings are derived from AI analysis of the organization's financial filings.
How does Chebeague Island Historical Society compensate executives?
Executive compensation is not a concern as the organization consistently reports $0 for compensation to officers, directors, trustees, and key employees across all available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial asset base and consistent revenue, what are the society's long-term plans for expanding its historical preservation efforts or community engagement beyond current operational levels?
While the filings show strong financial health, they do not detail specific future program expansions. The consistent growth in assets suggests a focus on endowment building, which could support larger initiatives in the future, but current operations appear stable rather than rapidly expanding.
How does the society manage to maintain such low administrative and fundraising costs while still achieving consistent revenue and asset growth?
The consistent reporting of $0 for compensation to key personnel strongly indicates a volunteer-led operational model. This significantly reduces overhead, allowing a larger portion of revenue to be directed towards programs or asset building, contributing to the observed financial efficiency.
Filing History
IRS 990 filing history for Chebeague Island Historical Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chebeague Island Historical Society's revenue has grown by 102.8%, moving from $57K to $116K. Total assets increased by 27.1% over the same period, from $699K to $888K. Total functional expenses rose by 235%, from $42K to $142K. In its most recent filing year (2023), Chebeague Island Historical Society reported a deficit of $26K, with expenses exceeding revenue. The organization holds $9K in liabilities against $888K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $880K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $116K | $142K | $888K | $9K | — | — |
| 2022 | $88K | $75K | $886K | $8K | — | View 990 |
| 2021 | $155K | $71K | $924K | $3K | — | View 990 |
| 2020 | $74K | $69K | $824K | $3K | — | — |
| 2019 | $74K | $63K | $785K | $2K | — | View 990 |
| 2018 | $60K | $52K | $766K | $393 | — | View 990 |
| 2017 | $62K | $48K | $768K | $470 | — | View 990 |
| 2016 | $50K | $42K | $745K | $470 | — | View 990 |
| 2015 | $37K | $23K | $737K | $-30 | — | View 990 |
| 2014 | $39K | $33K | $726K | $110 | — | View 990 |
| 2013 | $59K | $37K | $721K | $0 | — | View 990 |
| 2012 | $54K | $49K | $699K | $0 | — | View 990 |
| 2011 | $57K | $42K | $699K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $116K, expenses of $142K, and assets of $888K (revenue +32.1% year-over-year).
- 2022: Revenue of $88K, expenses of $75K, and assets of $886K (revenue -43.2% year-over-year).
- 2021: Revenue of $155K, expenses of $71K, and assets of $924K (revenue +109.4% year-over-year).
- 2020: Revenue of $74K, expenses of $69K, and assets of $824K (revenue +0.3% year-over-year).
- 2019: Revenue of $74K, expenses of $63K, and assets of $785K (revenue +24.0% year-over-year).
- 2018: Revenue of $60K, expenses of $52K, and assets of $766K (revenue -3.6% year-over-year).
- 2017: Revenue of $62K, expenses of $48K, and assets of $768K (revenue +22.9% year-over-year).
- 2016: Revenue of $50K, expenses of $42K, and assets of $745K (revenue +36.7% year-over-year).
- 2015: Revenue of $37K, expenses of $23K, and assets of $737K (revenue -5.0% year-over-year).
- 2014: Revenue of $39K, expenses of $33K, and assets of $726K (revenue -34.5% year-over-year).
- 2013: Revenue of $59K, expenses of $37K, and assets of $721K (revenue +8.5% year-over-year).
- 2012: Revenue of $54K, expenses of $49K, and assets of $699K (revenue -5.2% year-over-year).
- 2011: Revenue of $57K, expenses of $42K, and assets of $699K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chebeague Island Historical Society:
Data Sources and Methodology
This transparency report for Chebeague Island 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.