Hancock County Agricultural Society
Hancock County Agricultural Society consistently operates with positive net income and no reported liabilities, indicating strong financial stability.
EIN: 10085716 · Blue Hill, ME · NTEE: N52 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $512K |
| Total Expenses | $518K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $512,110 |
| Net Assets | $492K |
| Transparency Score | 85/100 |
Is Hancock County Agricultural Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hancock County Agricultural Society directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hancock County Agricultural Society
Hancock County Agricultural Society (EIN: 10085716) is a nonprofit organization based in Blue Hill, ME, classified under NTEE code N52. The organization reported total revenue of $512K and total assets of $570K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hancock County Agricultural Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hancock County Agricultural Society is a small nonprofit that has been operating for 4 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $550K |
| Total Expenses | $518K |
| Surplus / Deficit | +$32K |
| Total Assets | $492K |
| Net Assets | $492K |
| Operating Margin | 5.9% |
| Months of Reserves | 11.4 months |
Financial Health Grade: A
In 2023, Hancock County Agricultural Society reported a surplus of $32K with revenue exceeding expenses, holds 11.4 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Hancock County Agricultural Society's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.0% | +14.2% | +3.7% |
| 2022 | +15.2% | +15.2% | +1.5% |
| 2021 | +696.4% | +422.1% | +4.1% |
| 2020 | -88.7% | -83.7% | -4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
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 Hancock County Agricultural 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: 85%
- fundraising: 5%
According to IRS 990 filings, Hancock County Agricultural 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 $32K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or compensation levels below IRS reporting thresholds, which is commendable for a nonprofit of its size (latest revenue $512,110).
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.
Strengths
The following positive indicators were identified for Hancock County Agricultural Society:
- Consistent positive net income in most years (e.g., $32,456 in 2023).
- Zero reported liabilities across all five filings, indicating strong financial stability.
- Healthy asset base relative to revenue, with assets of $491,794 in 2023.
- No reported officer compensation, suggesting efficient use of funds or volunteer leadership.
- Resilience shown by recovering from the 2020 pandemic impact with strong revenue growth in subsequent years.
Frequently Asked Questions about Hancock County Agricultural Society
Is Hancock County Agricultural Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Hancock County Agricultural Society (EIN: 10085716) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Hancock County Agricultural Society spend its money?
Hancock County Agricultural Society directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hancock County Agricultural Society tax-deductible?
Hancock County Agricultural Society is registered as a tax-exempt nonprofit (EIN: 10085716). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hancock County Agricultural Society CEO make?
Hancock County Agricultural Society's highest-compensated officer earns $512,110 annually. The organization reported $512K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hancock County Agricultural Society's spending goes to programs?
Hancock County Agricultural Society directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hancock County Agricultural Society compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hancock County Agricultural Society is above average for NTEE category N52 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hancock County Agricultural Society located?
Hancock County Agricultural Society is headquartered in Blue Hill, Maine and files with the IRS under EIN 10085716. It is classified under NTEE code N52.
How many years of IRS 990 filings does Hancock County Agricultural Society have?
Hancock County Agricultural Society has 5 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 $512K in total revenue.
How does the Hancock County Agricultural Society manage to report zero liabilities consistently?
The consistent reporting of zero liabilities across all five filings (2019-2023) suggests robust financial management, possibly indicating that the organization operates on a cash basis, has minimal debt, or promptly settles its obligations, contributing to its strong financial health.
What caused the significant drop in revenue and expenses in 2020?
The substantial decrease in revenue to $50,842 and expenses to $75,384 in 2020 was likely due to the COVID-19 pandemic, which severely impacted public events and gatherings, directly affecting organizations like the Hancock County Agricultural Society (NTEE N52 - Fairs and Festivals).
What is the primary source of the organization's revenue?
While not explicitly detailed in the provided data, given the NTEE code N52 (Fairs and Festivals) and the nature of an 'Agricultural Society,' it is highly probable that the primary sources of revenue are event admissions, vendor fees, sponsorships, and community donations related to agricultural fairs and festivals.
Filing History
IRS 990 filing history for Hancock County Agricultural Society showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Hancock County Agricultural Society's revenue has grown by 22.7%, moving from $448K to $550K. Total assets increased by 4.8% over the same period, from $469K to $492K. Total functional expenses rose by 12.3%, from $461K to $518K. In its most recent filing year (2023), Hancock County Agricultural Society reported a surplus of $32K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $550K | $518K | $492K | $0 | — | View 990 |
| 2022 | $466K | $454K | $474K | $0 | — | View 990 |
| 2021 | $405K | $394K | $467K | $0 | — | — |
| 2020 | $51K | $75K | $449K | $0 | — | View 990 |
| 2019 | $448K | $461K | $469K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $550K, expenses of $518K, and assets of $492K (revenue +18.0% year-over-year).
- 2022: Revenue of $466K, expenses of $454K, and assets of $474K (revenue +15.2% year-over-year).
- 2021: Revenue of $405K, expenses of $394K, and assets of $467K (revenue +696.4% year-over-year).
- 2020: Revenue of $51K, expenses of $75K, and assets of $449K (revenue -88.7% year-over-year).
- 2019: Revenue of $448K, expenses of $461K, and assets of $469K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hancock County Agricultural Society:
Data Sources and Methodology
This transparency report for Hancock County Agricultural 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.