Historic Restoration Society Inc
Historic Restoration Society Inc shows strong asset growth and no reported officer compensation over nine years.
EIN: 205235080 · Mobile, AL · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $487K |
| Program Spending | 85% |
| Net Assets | $5.3M |
| Transparency Score | 90/100 |
Is Historic Restoration Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Historic Restoration Society Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Historic Restoration Society Inc
Historic Restoration Society Inc (EIN: 205235080) is a nonprofit organization based in Mobile, AL, classified under NTEE code A80. The organization reported total revenue of $1.1M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Historic Restoration Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Historic Restoration Society Inc is a mid-size nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $790K |
| Total Expenses | $487K |
| Surplus / Deficit | +$303K |
| Total Assets | $6.8M |
| Total Liabilities | $1.5M |
| Net Assets | $5.3M |
| Operating Margin | 38.4% |
| Debt-to-Asset Ratio | 22.3% |
| Months of Reserves | 168.3 months |
Financial Health Grade: A
In 2023, Historic Restoration Society Inc reported a surplus of $303K with revenue exceeding expenses, holds 168.3 months of operating reserves (strong position), has a debt-to-asset ratio of 22.3% (moderate leverage).
Financial Trends
Over 9 years of filings (2015–2023), Historic Restoration Society Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.1% | +64.3% | +25.1% |
| 2022 | +8.2% | +4.4% | -25.7% |
| 2021 | -39.1% | +15.7% | +31.1% |
| 2020 | -27.2% | +19.9% | +30.4% |
| 2019 | -8.9% | +0.5% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Historic Restoration Society Inc 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, Historic Restoration Society Inc 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 $303K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all nine years of filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a strong positive for directing funds to the mission.
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 Historic Restoration Society Inc's IRS 990 filings:
- Significant fluctuations in liabilities without clear explanation in public filings.
Strengths
The following positive indicators were identified for Historic Restoration Society Inc:
- Consistent revenue generation, averaging over $800,000 annually.
- Strong asset growth, increasing from $1.7 million to $6.8 million over nine years.
- 0% reported officer compensation across all filings, indicating a strong commitment to mission-focused spending.
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
- Expenses consistently lower than revenue, allowing for asset building and program investment.
Frequently Asked Questions about Historic Restoration Society Inc
Is Historic Restoration Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Historic Restoration Society Inc (EIN: 205235080) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Historic Restoration Society Inc spend its money?
Historic Restoration Society Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Historic Restoration Society Inc tax-deductible?
Historic Restoration Society Inc is registered as a tax-exempt nonprofit (EIN: 205235080). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Historic Restoration Society Inc's spending goes to programs?
Historic Restoration Society Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Historic Restoration Society Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Historic Restoration Society 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 Historic Restoration Society Inc located?
Historic Restoration Society Inc is headquartered in Mobile, Alabama and files with the IRS under EIN 205235080. It is classified under NTEE code A80.
How many years of IRS 990 filings does Historic Restoration Society Inc have?
Historic Restoration Society Inc has 9 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 $1.1M in total revenue.
What caused the significant increase in liabilities to $2.5 million in 2021 and their subsequent decrease?
The IRS 990 filings show liabilities peaked at $2,528,062 in 2021, up from $948,383 in 2020, and then decreased to $1,522,280 in 2023. Understanding the nature of these liabilities (e.g., program-related debt, capital expenditures, or short-term obligations) is crucial for a complete financial picture.
How does the organization manage its administrative and fundraising costs given 0% officer compensation?
With 0% officer compensation reported, it suggests that administrative and fundraising functions are either heavily reliant on volunteers, or these costs are embedded within other expense categories. A detailed breakdown of functional expenses would clarify this.
What is the primary source of the organization's substantial asset growth from $1.7 million in 2015 to $6.8 million in 2023?
The significant increase in assets over the years could be due to successful fundraising campaigns, investment gains, or the acquisition of properties relevant to its historic restoration mission. Further details on asset composition would be beneficial.
Filing History
IRS 990 filing history for Historic Restoration Society Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Historic Restoration Society Inc's revenue has declined by 17%, moving from $952K to $790K. Total assets increased by 295.1% over the same period, from $1.7M to $6.8M. Total functional expenses rose by 1018.1%, from $44K to $487K. In its most recent filing year (2023), Historic Restoration Society Inc reported a surplus of $303K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $6.8M in assets (debt-to-asset ratio: 22.3%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $790K | $487K | $6.8M | $1.5M | — | View 990 |
| 2022 | $484K | $296K | $5.5M | $455K | — | View 990 |
| 2021 | $447K | $284K | $7.3M | $2.5M | — | View 990 |
| 2020 | $735K | $245K | $5.6M | $948K | — | View 990 |
| 2019 | $1.0M | $205K | $4.3M | $132K | — | View 990 |
| 2018 | $1.1M | $204K | $4.4M | $1.0M | — | View 990 |
| 2017 | $992K | $207K | $3.8M | $1.3M | — | View 990 |
| 2016 | $918K | $177K | $2.5M | $873K | — | View 990 |
| 2015 | $952K | $44K | $1.7M | $799K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $790K, expenses of $487K, and assets of $6.8M (revenue +63.1% year-over-year).
- 2022: Revenue of $484K, expenses of $296K, and assets of $5.5M (revenue +8.2% year-over-year).
- 2021: Revenue of $447K, expenses of $284K, and assets of $7.3M (revenue -39.1% year-over-year).
- 2020: Revenue of $735K, expenses of $245K, and assets of $5.6M (revenue -27.2% year-over-year).
- 2019: Revenue of $1.0M, expenses of $205K, and assets of $4.3M (revenue -8.9% year-over-year).
- 2018: Revenue of $1.1M, expenses of $204K, and assets of $4.4M (revenue +11.6% year-over-year).
- 2017: Revenue of $992K, expenses of $207K, and assets of $3.8M (revenue +8.0% year-over-year).
- 2016: Revenue of $918K, expenses of $177K, and assets of $2.5M (revenue -3.5% year-over-year).
- 2015: Revenue of $952K, expenses of $44K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Historic Restoration Society Inc:
Data Sources and Methodology
This transparency report for Historic Restoration 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.