Hampden Historical Society Inc

Hampden Historical Society maintains stable assets with volunteer leadership despite fluctuating revenues and occasional deficits.

EIN: 16047415 · Hampden, ME · Updated: 2026-03-28

$108KRevenue

$427KAssets

85/100Mission Score (Excellent)

Is Hampden Historical Society Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

1 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Hampden Historical Society Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Hampden Historical Society Inc

Hampden Historical Society Inc (EIN: 16047415) is a nonprofit organization based in Hampden, ME. The organization reported total revenue of $108K and total assets of $427K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hampden Historical Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Hampden Historical Society Inc. demonstrates a consistent commitment to its mission, as evidenced by its stable asset base, which has hovered around $400,000-$500,000 in recent years, reaching $427,237 in the latest period. While the organization experienced a significant revenue spike in 2019 ($224,636) and a corresponding expense increase ($359,423), its more recent financial activity shows a return to a more modest scale, with revenues of $82,390 and expenses of $85,045 in the 202405 period. The organization has consistently reported 0% officer compensation across all available filings, indicating a volunteer-driven leadership structure, which is a positive sign for donor confidence and efficient use of funds.

However, the organization has experienced periods of deficit spending, notably in 202305 where expenses ($104,915) exceeded revenue ($80,765), and significantly in 201905 where expenses ($359,423) far outstripped revenue ($224,636). Despite these fluctuations, the asset base has remained relatively stable, suggesting effective management of reserves or other non-operating income. The absence of reported liabilities in most recent years, except for a minor amount in 202405 ($356) and 201905 ($96), indicates a healthy balance sheet.

Given the available data, the Hampden Historical Society Inc. appears to be a financially stable, albeit small, organization with a strong volunteer ethos. Its financial health is generally sound, with a good track record of maintaining assets and minimal liabilities. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging, but the absence of executive compensation is a strong indicator of efficient use of donor funds for mission-related activities.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hampden Historical Society 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Hampden Historical Society Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit 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.

Red Flags

The following concerns were identified during AI analysis of Hampden Historical Society Inc's IRS 990 filings:

Occasional deficit spending, such as in 202305 where expenses ($104,915) exceeded revenue ($80,765).

Strengths

The following positive indicators were identified for Hampden Historical Society Inc:

Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
Stable asset base, generally maintained above $400,000, demonstrating financial resilience.
Minimal liabilities reported in most periods, indicating a healthy balance sheet.

Frequently Asked Questions about Hampden Historical Society Inc

Is Hampden Historical Society Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Hampden Historical Society Inc (EIN: 16047415) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.

How does Hampden Historical Society Inc spend its money?

Hampden Historical Society Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Hampden Historical Society Inc tax-deductible?

Hampden Historical Society Inc is registered as a tax-exempt nonprofit (EIN: 16047415). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Hampden Historical Society Inc. financially stable?

Yes, the organization appears financially stable. Despite periods of deficit spending, its asset base has remained relatively consistent, ranging from $411,215 to $510,254 over the past several years, and it carries minimal liabilities.

How does Hampden Historical Society Inc. manage its leadership costs?

The Hampden Historical Society Inc. manages its leadership costs exceptionally well, reporting 0% officer compensation in all available filings, indicating a fully volunteer-driven executive team.

Has the organization experienced significant financial fluctuations?

Yes, the organization has experienced significant fluctuations, particularly in 201905 with revenue of $224,636 and expenses of $359,423, and more recently in 202305 where expenses ($104,915) exceeded revenue ($80,765).

What is the trend in the organization's assets?

The organization's assets have been relatively stable over the past few years, generally staying above $400,000, with the latest reported assets at $427,237, showing good preservation of its financial base.

Filing History

IRS 990 filing history for Hampden Historical Society Inc showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2018–2024), Hampden Historical Society Inc's revenue has declined by 9.7%, moving from $91K to $82K. Total assets increased by 63.8% over the same period, from $252K to $412K. Total functional expenses rose by 191.9%, from $29K to $85K. In its most recent filing year (2024), Hampden Historical Society Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $356 in liabilities against $412K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $412K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$82K	$85K	$412K	$356	—	—
2023	$81K	$105K	$415K	$0	—	View 990
2022	$81K	$53K	$439K	$0	—	View 990
2021	$42K	$44K	$411K	$0	—	View 990
2020	$39K	$137K	$412K	$0	—	View 990
2019	$225K	$359K	$510K	$96	—	View 990
2018	$91K	$29K	$252K	$0	—	—

Year-by-Year Financial Summary

2024: Revenue of $82K, expenses of $85K, and assets of $412K (revenue +2.0% year-over-year).
2023: Revenue of $81K, expenses of $105K, and assets of $415K (revenue -0.2% year-over-year).
2022: Revenue of $81K, expenses of $53K, and assets of $439K (revenue +90.4% year-over-year).
2021: Revenue of $42K, expenses of $44K, and assets of $411K (revenue +8.2% year-over-year).
2020: Revenue of $39K, expenses of $137K, and assets of $412K (revenue -82.5% year-over-year).
2019: Revenue of $225K, expenses of $359K, and assets of $510K (revenue +146.1% year-over-year).
2018: Revenue of $91K, expenses of $29K, and assets of $252K.

Data Sources and Methodology

This transparency report for Hampden Historical 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.