Georgetown Historical Society
Georgetown Historical Society maintains strong asset base despite fluctuating revenues and recent operating deficit.
EIN: 10458680 · Georgetown, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $98K |
| Total Expenses | $61K |
| Program Spending | 90% |
| Net Assets | $822K |
| Transparency Score | 85/100 |
Is Georgetown Historical Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Georgetown Historical Society directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Georgetown Historical Society
Georgetown Historical Society (EIN: 10458680) is a nonprofit organization based in Georgetown, ME. The organization reported total revenue of $98K and total assets of $852K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Georgetown Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Georgetown Historical Society is a micro nonprofit that has been operating for 35 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $61K |
| Surplus / Deficit | $-10,522 |
| Total Assets | $822K |
| Total Liabilities | $52 |
| Net Assets | $822K |
| Operating Margin | -20.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 161.8 months |
Financial Health Grade: B
In 2023, Georgetown Historical Society reported a deficit of $11K with expenses exceeding revenue, holds 161.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Georgetown Historical Society's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.2% | -9.5% | -1.3% |
| 2022 | +25.1% | +39.2% | +1.9% |
| 2021 | +5.7% | -22.9% | +2.2% |
| 2020 | -36.3% | +29.3% | +0.0% |
| 2019 | +134.6% | +14.7% | +6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Georgetown Historical Society 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Georgetown Historical Society 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 deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating a volunteer-led structure. This is highly efficient for an organization of its size, as all funds can be directed towards its mission rather than executive 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 Georgetown Historical Society's IRS 990 filings:
- Operating deficit in the most recent fiscal year (2023), with expenses ($60,957) exceeding revenue ($50,435).
Strengths
The following positive indicators were identified for Georgetown Historical Society:
- Consistent growth in assets over a decade, from $677,386 in 2014 to $852,288 currently.
- Zero reported officer compensation across all filings, indicating high efficiency and volunteer leadership.
- Consistently low liabilities, demonstrating strong financial health and responsible management.
- Long history of IRS 990 filings (11 filings), indicating transparency and compliance.
Frequently Asked Questions about Georgetown Historical Society
Is Georgetown Historical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Georgetown Historical Society (EIN: 10458680) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Georgetown Historical Society spend its money?
Georgetown Historical Society directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Georgetown Historical Society tax-deductible?
Georgetown Historical Society is registered as a tax-exempt nonprofit (EIN: 10458680). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Georgetown Historical Society located?
Georgetown Historical Society is headquartered in Georgetown, Maine and files with the IRS under EIN 10458680.
How many years of IRS 990 filings does Georgetown Historical Society have?
Georgetown Historical Society has 11 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 $98K in total revenue.
Is Georgetown Historical Society a good charity?
Based on the available data, the Georgetown Historical Society appears to be a good charity. It has a strong asset base ($852,288), consistently low liabilities, and reports no officer compensation, indicating high efficiency and volunteer dedication. While the most recent year showed a deficit, its long-term financial trends are positive.
How does the organization manage its expenses?
The organization generally manages its expenses effectively, often operating with a surplus. For example, in 2022, revenue ($82,928) exceeded expenses ($67,321). The absence of officer compensation significantly contributes to its ability to direct funds towards its mission.
What is the trend in the organization's assets?
The organization shows a strong upward trend in assets, growing from $677,386 in 2014 to $852,288 currently. This indicates sound financial management and an ability to build reserves over time.
Filing History
IRS 990 filing history for Georgetown Historical Society showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Georgetown Historical Society's revenue has declined by 1.2%, moving from $51K to $50K. Total assets increased by 23.2% over the same period, from $667K to $822K. Total functional expenses rose by 54.3%, from $40K to $61K. In its most recent filing year (2023), Georgetown Historical Society reported a deficit of $11K, with expenses exceeding revenue. The organization holds $52 in liabilities against $822K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $822K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $61K | $822K | $52 | — | View 990 |
| 2022 | $83K | $67K | $832K | $62 | — | View 990 |
| 2021 | $66K | $48K | $817K | $23 | — | — |
| 2020 | $63K | $63K | $799K | $84 | — | View 990 |
| 2019 | $99K | $48K | $799K | $56 | — | View 990 |
| 2018 | $42K | $42K | $749K | $26 | — | View 990 |
| 2017 | $80K | $47K | $749K | $41 | — | View 990 |
| 2016 | $67K | $41K | $717K | $93 | — | View 990 |
| 2015 | $67K | $54K | $690K | $0 | — | View 990 |
| 2014 | $57K | $47K | $677K | $32 | — | View 990 |
| 2013 | $51K | $40K | $667K | $117 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $61K, and assets of $822K (revenue -39.2% year-over-year).
- 2022: Revenue of $83K, expenses of $67K, and assets of $832K (revenue +25.1% year-over-year).
- 2021: Revenue of $66K, expenses of $48K, and assets of $817K (revenue +5.7% year-over-year).
- 2020: Revenue of $63K, expenses of $63K, and assets of $799K (revenue -36.3% year-over-year).
- 2019: Revenue of $99K, expenses of $48K, and assets of $799K (revenue +134.6% year-over-year).
- 2018: Revenue of $42K, expenses of $42K, and assets of $749K (revenue -47.5% year-over-year).
- 2017: Revenue of $80K, expenses of $47K, and assets of $749K (revenue +19.3% year-over-year).
- 2016: Revenue of $67K, expenses of $41K, and assets of $717K (revenue +0.5% year-over-year).
- 2015: Revenue of $67K, expenses of $54K, and assets of $690K (revenue +17.1% year-over-year).
- 2014: Revenue of $57K, expenses of $47K, and assets of $677K (revenue +11.5% year-over-year).
- 2013: Revenue of $51K, expenses of $40K, and assets of $667K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Georgetown Historical Society:
Data Sources and Methodology
This transparency report for Georgetown 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.