Corinna Historical Society
Corinna Historical Society faces persistent operating deficits amid declining revenue.
EIN: 10500013 · Pittsfield, ME · NTEE: A82Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1K |
| Total Expenses | $4K |
| Program Spending | 80% |
| Net Assets | $309K |
| Transparency Score | 65/100 |
Is Corinna Historical Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Corinna Historical Society directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Corinna Historical Society
Corinna Historical Society (EIN: 10500013) is a nonprofit organization based in Pittsfield, ME, classified under NTEE code A82Z. The organization reported total revenue of $1K and total assets of $309K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corinna Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corinna Historical Society is a micro nonprofit that has been operating for 30 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -16.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $4K |
| Surplus / Deficit | $-2,734 |
| Total Assets | $309K |
| Total Liabilities | $1 |
| Net Assets | $309K |
| Operating Margin | -234.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 950.5 months |
Financial Health Grade: B
In 2023, Corinna Historical Society reported a deficit of $3K with expenses exceeding revenue, holds 950.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Corinna Historical Society's revenue has declined at a compound annual growth rate (CAGR) of -16.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.5% | -13.0% | -0.9% |
| 2022 | -41.2% | +9.1% | -1.0% |
| 2021 | -26.9% | -11.5% | -0.5% |
| 2020 | -44.1% | +23.7% | -0.2% |
| 2019 | +13.2% | -49.1% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1996 |
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 Corinna Historical Society with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Corinna Historical Society allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Corinna Historical Society reports 0% officer compensation across all available filings, indicating a volunteer-led organization, which is highly efficient for an organization of its size and financial capacity.
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 Corinna Historical Society's IRS 990 filings:
- Consistent operating deficits (e.g., $3,898 expenses vs. $1,164 revenue in 2023).
- Significant decline in annual revenue over the past decade (from $10,138 in 2011 to $1,164 in 2023).
- Assets are slowly declining, suggesting they are being used to cover operational shortfalls.
Strengths
The following positive indicators were identified for Corinna Historical Society:
- 100% volunteer-led with 0% officer compensation, indicating high efficiency in leadership.
- Consistent IRS 990 filing history, demonstrating good transparency.
- Maintains substantial assets ($308,763 in 2023) which provide a financial buffer.
Frequently Asked Questions about Corinna Historical Society
Is Corinna Historical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Corinna Historical Society (EIN: 10500013) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Corinna Historical Society spend its money?
Corinna Historical Society directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Corinna Historical Society tax-deductible?
Corinna Historical Society is registered as a tax-exempt nonprofit (EIN: 10500013). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Corinna Historical Society's spending goes to programs?
Corinna Historical Society directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Corinna Historical Society compare to similar nonprofits?
With a transparency score of 65/100 (Good), Corinna Historical Society 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 Corinna Historical Society located?
Corinna Historical Society is headquartered in Pittsfield, Maine and files with the IRS under EIN 10500013. It is classified under NTEE code A82Z.
How many years of IRS 990 filings does Corinna Historical Society have?
Corinna Historical Society has 10 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 $1K in total revenue.
Is Corinna Historical Society a good charity?
The Corinna Historical Society appears to be a dedicated, volunteer-led organization focused on its mission, as evidenced by 0% officer compensation. However, its financial sustainability is a concern due to consistent operating deficits and declining revenue in recent years (e.g., $1,164 revenue vs. $3,898 expenses in 2023). While it has substantial assets, its ability to cover ongoing expenses is questionable.
How does the Corinna Historical Society fund its operations?
Based on the provided data, the Corinna Historical Society primarily relies on modest annual revenues, which have been declining (from $10,138 in 2011 to $1,164 in 2023). Given that expenses consistently exceed revenue in recent years, it likely draws upon its substantial assets ($308,763 in 2023) or receives infrequent, larger donations not reflected in the annual revenue figures to cover its operating deficits.
What are the long-term financial prospects for the Corinna Historical Society?
The long-term financial prospects for the Corinna Historical Society appear challenging without a significant change in its financial model. The consistent trend of declining revenue and expenses exceeding revenue (e.g., $3,898 expenses vs. $1,164 revenue in 2023) suggests an unsustainable operational model. While it possesses significant assets, these are slowly declining, indicating they are being used to cover deficits rather than grow or generate sufficient income.
Filing History
IRS 990 filing history for Corinna Historical Society showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Corinna Historical Society's revenue has declined by 88.5%, moving from $10K to $1K. Total assets decreased by 3.5% over the same period, from $320K to $309K. Total functional expenses fell by 60.8%, from $10K to $4K. In its most recent filing year (2023), Corinna Historical Society reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $309K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $309K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $4K | $309K | $1 | — | — |
| 2022 | $2K | $4K | $311K | $1 | — | View 990 |
| 2021 | $3K | $4K | $315K | $1 | — | View 990 |
| 2020 | $4K | $5K | $316K | $1 | — | — |
| 2019 | $7K | $4K | $317K | $1 | — | View 990 |
| 2015 | $6K | $7K | $316K | $0 | — | View 990 |
| 2014 | $8K | $7K | $317K | $0 | — | View 990 |
| 2013 | $8K | $5K | $315K | $0 | — | View 990 |
| 2012 | $8K | $9K | $318K | $0 | — | View 990 |
| 2011 | $10K | $10K | $320K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1K, expenses of $4K, and assets of $309K (revenue -33.5% year-over-year).
- 2022: Revenue of $2K, expenses of $4K, and assets of $311K (revenue -41.2% year-over-year).
- 2021: Revenue of $3K, expenses of $4K, and assets of $315K (revenue -26.9% year-over-year).
- 2020: Revenue of $4K, expenses of $5K, and assets of $316K (revenue -44.1% year-over-year).
- 2019: Revenue of $7K, expenses of $4K, and assets of $317K (revenue +13.2% year-over-year).
- 2015: Revenue of $6K, expenses of $7K, and assets of $316K (revenue -15.6% year-over-year).
- 2014: Revenue of $8K, expenses of $7K, and assets of $317K (revenue -4.0% year-over-year).
- 2013: Revenue of $8K, expenses of $5K, and assets of $315K (revenue -2.8% year-over-year).
- 2012: Revenue of $8K, expenses of $9K, and assets of $318K (revenue -19.6% year-over-year).
- 2011: Revenue of $10K, expenses of $10K, and assets of $320K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corinna Historical Society:
Data Sources and Methodology
This transparency report for Corinna 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.