Damariscotta Historical Society
Damariscotta Historical Society shows stable expenses and asset growth despite fluctuating revenue, with no reported officer compensation.
EIN: 10540044 · Damariscotta, ME · NTEE: A80 · Updated: 2026-03-28
Source Check Matrix
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Damariscotta Historical Society is mapped to EIN 10540044.
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2 stored filing years available.
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85% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $53K |
| Total Expenses | $26K |
| Program Spending | 85% |
| Net Assets | $351K |
| Transparency Score | 90/100 |
Search Intent Cockpit
Damariscotta Historical Society Form 990, Revenue, CEO Pay, and IRS Filing Signals
Damariscotta Historical Society is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Damariscotta Historical Society in one place.
Form 990 Filing Summary
2 filing years are available, with latest revenue of $76K and expenses of $26K.
Revenue and Expenses
Damariscotta Historical Society reported $76K in revenue and $26K in expenses, a surplus of $50K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
90/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
Is Damariscotta Historical Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $22K (85%) |
Across stored filings, Damariscotta Historical Society shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Limited filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 2 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Arts & Culture context |
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Damariscotta, ME nonprofitsArts & Culture in Maine
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Research Workflow
Turn this Form 990 profile into a donor-ready report
Request a concise report for Damariscotta Historical Society with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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Damariscotta Historical Society directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Damariscotta Historical Society
Damariscotta Historical Society (EIN: 10540044) is a nonprofit organization based in Damariscotta, ME, classified under NTEE code A80. The organization reported total revenue of $53K and total assets of $364K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Damariscotta Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Damariscotta Historical Society is a micro nonprofit that has been operating for 22 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -75.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $26K |
| Surplus / Deficit | +$50K |
| Total Assets | $351K |
| Total Liabilities | $550 |
| Net Assets | $351K |
| Operating Margin | 65.5% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 161.4 months |
Financial Health Grade: A
In 2023, Damariscotta Historical Society reported a surplus of $50K with revenue exceeding expenses, holds 161.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Damariscotta Historical Society's revenue has declined at a compound annual growth rate (CAGR) of -75.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -75.5% | +4.4% | +3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Damariscotta Historical Society with a Mission Score of 90 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, Damariscotta Historical Society 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 surplus of $50K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% in both available filings, indicating a volunteer-led organization. This is highly favorable, as all funds can be directed towards the mission rather than administrative salaries.
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 Damariscotta Historical Society's IRS 990 filings:
- Significant year-over-year revenue fluctuation (from $308,776 in 2022 to $75,692 in 2023) could indicate reliance on unpredictable funding sources.
Strengths
The following positive indicators were identified for Damariscotta Historical Society:
- Consistent asset growth from $340,155 to $351,224.
- Extremely low and stable expenses ($25,001 in 2022, $26,108 in 2023) relative to revenue and assets.
- Minimal liabilities, decreasing from $39,065 to $550, indicating strong financial management.
- 0% reported officer compensation, suggesting a volunteer-driven leadership and efficient use of funds.
- Strong program spending ratio, estimated at 85% based on low overall expenses and mission focus.
Frequently Asked Questions about Damariscotta Historical Society
Is Damariscotta Historical Society a legitimate charity?
Damariscotta Historical Society (EIN: 10540044) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 2 years of IRS 990 filings on record. Total revenue: $53K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Damariscotta Historical Society spend its money?
Damariscotta Historical Society directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Damariscotta Historical Society tax-deductible?
Damariscotta Historical Society is registered as a tax-exempt nonprofit (EIN: 10540044). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Damariscotta Historical Society's spending goes to programs?
Damariscotta Historical Society directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Damariscotta Historical Society compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Damariscotta Historical Society is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Damariscotta Historical Society located?
Damariscotta Historical Society is headquartered in Damariscotta, Maine and files with the IRS under EIN 10540044. It is classified under NTEE code A80.
How many years of IRS 990 filings does Damariscotta Historical Society have?
Damariscotta Historical Society has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $53K in total revenue.
Is Damariscotta Historical Society a good charity?
Based on the available IRS 990 data, the Damariscotta Historical Society appears to be a very good charity. It exhibits strong financial health with growing assets, minimal liabilities, and very low, stable expenses. The absence of officer compensation is a significant positive indicator of efficient resource allocation.
How does the organization manage its expenses?
The organization manages its expenses very effectively, with total expenses remaining consistently low at $25,001 in 2022 and $26,108 in 2023, despite significant fluctuations in revenue. This suggests a lean operational model.
What is the trend in the organization's assets?
The organization's assets show a positive growth trend, increasing from $340,155 in 2022 to $351,224 in 2023, indicating financial stability and accumulation of resources over time.
Filing History
IRS 990 filing history for Damariscotta Historical Society showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Damariscotta Historical Society's revenue has declined by 75.5%, moving from $309K to $76K. Total assets increased by 3.3% over the same period, from $340K to $351K. Total functional expenses rose by 4.4%, from $25K to $26K. In its most recent filing year (2023), Damariscotta Historical Society reported a surplus of $50K, with revenue exceeding expenses. The organization holds $550 in liabilities against $351K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $351K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $76K | $26K | $351K | $550 | — | — |
| 2022 | $309K | $25K | $340K | $39K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Damariscotta Historical Society:
Data Sources and Methodology
This transparency report for Damariscotta 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.