Fort Miles Historical Association Inc
Fort Miles Historical Association shows strong asset growth and no debt, but experienced an operating deficit in the latest fiscal year.
EIN: 200142663 · Lewes, DE · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $192K |
| Total Expenses | $211K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $191,654. |
| Net Assets | $636K |
| Transparency Score | 85/100 |
Is Fort Miles Historical Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fort Miles Historical Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fort Miles Historical Association Inc
Fort Miles Historical Association Inc (EIN: 200142663) is a nonprofit organization based in Lewes, DE, classified under NTEE code A80. The organization reported total revenue of $192K and total assets of $723K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fort Miles Historical Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fort Miles Historical Association Inc is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $159K |
| Total Expenses | $211K |
| Surplus / Deficit | $-52,131 |
| Total Assets | $636K |
| Net Assets | $636K |
| Operating Margin | -32.8% |
| Months of Reserves | 36.2 months |
Financial Health Grade: B
In 2023, Fort Miles Historical Association Inc reported a deficit of $52K with expenses exceeding revenue, holds 36.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2023), Fort Miles Historical Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -62.3% | -46.9% | -7.6% |
| 2022 | +144.9% | +162.0% | +3.6% |
| 2021 | +17.3% | +36.6% | +3.2% |
| 2020 | +69.9% | +36.2% | +5.9% |
| 2019 | +5.9% | -49.1% | +22.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Fort Miles Historical Association 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Fort Miles Historical Association Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 deficit of $52K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size with latest revenue of $191,654.
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 Fort Miles Historical Association Inc's IRS 990 filings:
- Operating deficit in the most recent fiscal period (202306), with expenses exceeding revenue by $52,131.
Strengths
The following positive indicators were identified for Fort Miles Historical Association Inc:
- Consistent zero liabilities across all reported periods, indicating strong financial stability and no debt.
- Significant asset growth from $26,332 in 2016 to $636,150 in 2023, demonstrating effective long-term financial management.
- 0% officer compensation reported in all filings, indicating a highly efficient, volunteer-led organization.
- Strong transparency with 14 public IRS 990 filings available.
- Ability to manage fluctuating revenues while still growing assets.
Frequently Asked Questions about Fort Miles Historical Association Inc
Is Fort Miles Historical Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fort Miles Historical Association Inc (EIN: 200142663) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Fort Miles Historical Association Inc spend its money?
Fort Miles Historical Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fort Miles Historical Association Inc tax-deductible?
Fort Miles Historical Association Inc is registered as a tax-exempt nonprofit (EIN: 200142663). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fort Miles Historical Association Inc CEO make?
Fort Miles Historical Association Inc's highest-compensated officer earns $191,654. annually. The organization reported $192K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fort Miles Historical Association Inc's spending goes to programs?
Fort Miles Historical Association Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fort Miles Historical Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Fort Miles Historical Association Inc 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 Fort Miles Historical Association Inc located?
Fort Miles Historical Association Inc is headquartered in Lewes, Delaware and files with the IRS under EIN 200142663. It is classified under NTEE code A80.
How many years of IRS 990 filings does Fort Miles Historical Association Inc have?
Fort Miles Historical Association Inc has 14 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 $192K in total revenue.
Is Fort Miles Historical Association Inc. a good charity?
Based on the provided data, the Fort Miles Historical Association Inc. appears to be a good charity. It demonstrates strong financial health with significant asset growth and no liabilities, and its leadership is volunteer-based, indicating efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with assets growing from $26,332 in 2016 to $636,150 in 2023. It has consistently maintained zero liabilities, indicating strong financial management.
What is the significance of 0% officer compensation?
0% officer compensation is highly significant as it means the organization's leadership is volunteer-driven. This drastically reduces administrative costs, allowing a greater proportion of funds to be directed towards its programs and mission.
Why did the organization have an operating deficit in 2023?
In the 202306 period, the organization's expenses ($211,074) exceeded its revenue ($158,943), resulting in an operating deficit. The specific reasons for this deficit are not detailed in the provided data but could be due to increased program activities, one-time capital expenditures, or a temporary dip in donations.
Filing History
IRS 990 filing history for Fort Miles Historical Association Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Fort Miles Historical Association Inc's revenue has grown by 166.9%, moving from $60K to $159K. Total assets increased by 2216.2% over the same period, from $27K to $636K. Total functional expenses rose by 167.4%, from $79K to $211K. In its most recent filing year (2023), Fort Miles Historical Association Inc reported a deficit of $52K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $159K | $211K | $636K | $0 | — | — |
| 2022 | $422K | $398K | $688K | $0 | — | View 990 |
| 2021 | $172K | $152K | $664K | $0 | — | View 990 |
| 2020 | $147K | $111K | $644K | $0 | — | View 990 |
| 2019 | $86K | $82K | $608K | $0 | — | View 990 |
| 2018 | $82K | $160K | $497K | $0 | — | View 990 |
| 2017 | $671K | $140K | $576K | $0 | — | View 990 |
| 2016 | $51K | $73K | $26K | $0 | — | View 990 |
| 2015 | $88K | $94K | $49K | $0 | — | View 990 |
| 2014 | $23K | $13K | $55K | $0 | — | View 990 |
| 2013 | $64K | $38K | $51K | $0 | — | View 990 |
| 2013 | $64K | $38K | $51K | $0 | — | View 990 |
| 2012 | $39K | $41K | $25K | $0 | — | View 990 |
| 2011 | $60K | $79K | $27K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $159K, expenses of $211K, and assets of $636K (revenue -62.3% year-over-year).
- 2022: Revenue of $422K, expenses of $398K, and assets of $688K (revenue +144.9% year-over-year).
- 2021: Revenue of $172K, expenses of $152K, and assets of $664K (revenue +17.3% year-over-year).
- 2020: Revenue of $147K, expenses of $111K, and assets of $644K (revenue +69.9% year-over-year).
- 2019: Revenue of $86K, expenses of $82K, and assets of $608K (revenue +5.9% year-over-year).
- 2018: Revenue of $82K, expenses of $160K, and assets of $497K (revenue -87.8% year-over-year).
- 2017: Revenue of $671K, expenses of $140K, and assets of $576K (revenue +1220.2% year-over-year).
- 2016: Revenue of $51K, expenses of $73K, and assets of $26K (revenue -42.1% year-over-year).
- 2015: Revenue of $88K, expenses of $94K, and assets of $49K (revenue +287.6% year-over-year).
- 2014: Revenue of $23K, expenses of $13K, and assets of $55K (revenue -64.4% year-over-year).
- 2013: Revenue of $64K, expenses of $38K, and assets of $51K (revenue +0.0% year-over-year).
- 2013: Revenue of $64K, expenses of $38K, and assets of $51K (revenue +65.0% year-over-year).
- 2012: Revenue of $39K, expenses of $41K, and assets of $25K (revenue -35.3% year-over-year).
- 2011: Revenue of $60K, expenses of $79K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fort Miles Historical Association Inc:
Data Sources and Methodology
This transparency report for Fort Miles Historical Association 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.