Colebrook Preservation Society Inc
Colebrook Preservation Society maintains stable assets and zero executive compensation amidst fluctuating revenues.
EIN: 208602135 · Colebrook, CT · NTEE: A80 · Updated: 2026-03-28
Is Colebrook Preservation Society Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Colebrook Preservation Society Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Colebrook Preservation Society Inc
Colebrook Preservation Society Inc (EIN: 208602135) is a nonprofit organization based in Colebrook, CT, classified under NTEE code A80. The organization reported total revenue of $15K and total assets of $107K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colebrook Preservation Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colebrook Preservation Society Inc is a micro nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -19.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $10K |
| Surplus / Deficit | +$351 |
| Total Assets | $101K |
| Net Assets | $101K |
| Operating Margin | 3.4% |
| Months of Reserves | 122.3 months |
Financial Health Grade: A
In 2023, Colebrook Preservation Society Inc reported a surplus of $351 with revenue exceeding expenses, holds 122.3 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2015–2023), Colebrook Preservation Society Inc's revenue has declined at a compound annual growth rate (CAGR) of -19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.7% | -19.4% | -0.2% |
| 2022 | -78.3% | -74.9% | -1.3% |
| 2021 | +165.4% | +203.6% | +3.6% |
| 2020 | +122.2% | +14.2% | +3.3% |
| 2019 | -80.1% | -23.7% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Colebrook Preservation 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: 90%
- fundraising: 0%
According to IRS 990 filings, Colebrook Preservation Society Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $351, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all nine filings, indicating that the organization is entirely volunteer-led at the officer level, which is highly efficient for an organization of its size.
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 Colebrook Preservation Society Inc:
- Consistent asset growth, from $90,175 in 2015 to $101,078 in 2023, demonstrating financial stability.
- Zero officer compensation reported across all filings, indicating a highly volunteer-driven and efficient leadership structure.
- Very low or zero liabilities in most years, suggesting minimal debt and strong financial health.
- Expenses generally kept in line with or below revenue, reflecting prudent financial management.
- Strong program focus due to minimal administrative overhead from executive compensation.
Frequently Asked Questions about Colebrook Preservation Society Inc
Is Colebrook Preservation Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Colebrook Preservation Society Inc (EIN: 208602135) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Colebrook Preservation Society Inc spend its money?
Colebrook Preservation Society Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Colebrook Preservation Society Inc tax-deductible?
Colebrook Preservation Society Inc is registered as a tax-exempt nonprofit (EIN: 208602135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Colebrook Preservation Society Inc a good charity?
Based on its financial data, Colebrook Preservation Society Inc appears to be a good charity. It consistently reports 0% officer compensation, maintains stable and growing assets (from $90,175 in 2015 to $101,078 in 2023), and generally keeps expenses in line with revenue, indicating efficient use of funds for its preservation mission.
How does the organization manage its expenses relative to its revenue?
The organization generally manages its expenses well, with expenses often below or close to revenue. For example, in 2023, revenue was $10,270 and expenses were $9,919. There are occasional years where expenses slightly exceed revenue, such as in 2022 ($11,130 revenue vs. $12,306 expenses), but these are balanced by years with surpluses, contributing to asset growth.
What is the trend in the organization's assets?
The organization's assets show a positive growth trend, increasing from $90,175 in 2015 to $101,078 in 2023, with a peak of $107,342 in the latest reported period. This indicates financial stability and an ability to retain resources over time.
Filing History
IRS 990 filing history for Colebrook Preservation Society Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Colebrook Preservation Society Inc's revenue has declined by 82.7%, moving from $59K to $10K. Total assets increased by 12.1% over the same period, from $90K to $101K. Total functional expenses fell by 81.7%, from $54K to $10K. In its most recent filing year (2023), Colebrook Preservation Society Inc reported a surplus of $351, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $10K | $101K | $0 | — | View 990 |
| 2022 | $11K | $12K | $101K | $547 | — | View 990 |
| 2021 | $51K | $49K | $103K | $1K | — | — |
| 2020 | $19K | $16K | $99K | $0 | — | View 990 |
| 2019 | $9K | $14K | $96K | $0 | — | View 990 |
| 2018 | $44K | $19K | $101K | $0 | — | View 990 |
| 2017 | $72K | $83K | $89K | $14K | — | View 990 |
| 2016 | $46K | $39K | $90K | $4K | — | View 990 |
| 2015 | $59K | $54K | $90K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $10K, and assets of $101K (revenue -7.7% year-over-year).
- 2022: Revenue of $11K, expenses of $12K, and assets of $101K (revenue -78.3% year-over-year).
- 2021: Revenue of $51K, expenses of $49K, and assets of $103K (revenue +165.4% year-over-year).
- 2020: Revenue of $19K, expenses of $16K, and assets of $99K (revenue +122.2% year-over-year).
- 2019: Revenue of $9K, expenses of $14K, and assets of $96K (revenue -80.1% year-over-year).
- 2018: Revenue of $44K, expenses of $19K, and assets of $101K (revenue -39.5% year-over-year).
- 2017: Revenue of $72K, expenses of $83K, and assets of $89K (revenue +57.7% year-over-year).
- 2016: Revenue of $46K, expenses of $39K, and assets of $90K (revenue -22.7% year-over-year).
- 2015: Revenue of $59K, expenses of $54K, and assets of $90K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colebrook Preservation Society Inc:
Data Sources and Methodology
This transparency report for Colebrook Preservation 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.