Historical Society Of Wells And Ogunquit Inc

Historical Society Of Wells And Ogunquit Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.

EIN: 10375785 · Wells, ME · NTEE: A82Z · Updated: 2026-03-28

$136KRevenue

$420KAssets

92/100Mission Score (Excellent)

A82Z

About Historical Society Of Wells And Ogunquit Inc

Historical Society Of Wells And Ogunquit Inc (EIN: 10375785) is a nonprofit organization based in Wells, ME, classified under NTEE code A82Z. The organization reported total revenue of $136K and total assets of $420K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Historical Society Of Wells And Ogunquit Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Historical Society Of Wells And Ogunquit Inc demonstrates consistent financial health with a positive trend in revenue and assets over the past several years. In the 202312 period, the organization reported revenue of $150,928 against expenses of $98,157, indicating a healthy surplus. Its assets have grown significantly, from $197,734 in 202006 to $363,745 in 202312, showcasing effective asset management and financial stability. The organization's liabilities remain very low, consistently under $7,000 across all reported periods, which is a strong indicator of fiscal prudence.

The organization appears to be highly efficient in its spending, as evidenced by its consistent surpluses and asset growth. The absence of reported officer compensation across all filings suggests that leadership is likely volunteer-based, which significantly reduces administrative overhead and maximizes funds available for programs. This commitment to minimizing administrative costs contributes positively to its overall spending efficiency.

Transparency is strong, with 14 filings available, indicating regular and timely reporting to the IRS. The consistent reporting of 0% officer compensation across all periods is a clear sign of transparency regarding executive pay practices. The organization's financial data suggests a strong focus on its mission, with resources seemingly directed towards its historical preservation and educational activities, given the lack of significant administrative or fundraising expenditures.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Historical Society Of Wells And Ogunquit Inc with a Mission Score of 92 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, Historical Society Of Wells And Ogunquit 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with assets growing to $363,745.

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 Historical Society Of Wells And Ogunquit Inc:

Consistent revenue growth, from $83,638 in 202006 to $150,928 in 202312.
Significant asset growth, increasing from $197,734 in 202006 to $363,745 in 202312.
Zero reported officer compensation across all filings, indicating volunteer leadership and high efficiency.
Very low liabilities, consistently under $7,000, demonstrating strong financial management.
Regular and extensive IRS 990 filing history (14 filings), indicating strong transparency.

Frequently Asked Questions about Historical Society Of Wells And Ogunquit Inc

Is the Historical Society Of Wells And Ogunquit Inc financially stable?

Yes, the organization is financially stable, demonstrating consistent revenue growth (e.g., $83,638 in 202006 to $150,928 in 202312) and significant asset accumulation, reaching $363,745 in 202312 with minimal liabilities.

How efficient is the Historical Society Of Wells And Ogunquit Inc with its spending?

The organization appears highly efficient. With 0% officer compensation reported across all filings, a substantial portion of its expenses is likely directed towards its mission, leading to consistent surpluses and asset growth.

Does the Historical Society Of Wells And Ogunquit Inc have high administrative costs?

No, the organization likely has very low administrative costs, primarily due to the reported 0% officer compensation, which eliminates a major potential administrative expense.

Filing History

IRS 990 filing history for Historical Society Of Wells And Ogunquit Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2023), Historical Society Of Wells And Ogunquit Inc's revenue has grown by 243.3%, moving from $44K to $151K. Total assets increased by 97.7% over the same period, from $184K to $364K. Total functional expenses rose by 102.1%, from $49K to $98K. In its most recent filing year (2023), Historical Society Of Wells And Ogunquit Inc reported a surplus of $53K, with revenue exceeding expenses. The organization holds $2K in liabilities against $364K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $361K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$151K	$98K	$364K	$2K	—	View 990
2022	$88K	$47K	$307K	$2K	—	View 990
2022	$115K	$93K	$267K	$2K	—	View 990
2021	$96K	$57K	$243K	$7K	—	View 990
2020	$84K	$64K	$198K	$428	—	View 990
2019	$11K	$28K	$183K	$6K	—	View 990
2018	$54K	$62K	$196K	$2K	—	View 990
2017	$59K	$57K	$204K	$2K	—	View 990
2016	$43K	$57K	$201K	$1K	—	View 990
2015	$78K	$59K	$214K	$1K	—	View 990
2014	$68K	$46K	$195K	$362	—	View 990
2013	$46K	$48K	$174K	$1K	—	View 990
2012	$44K	$52K	$175K	$824	—	View 990
2011	$44K	$49K	$184K	$1K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $151K, expenses of $98K, and assets of $364K (revenue +71.7% year-over-year).
2022: Revenue of $88K, expenses of $47K, and assets of $307K (revenue -23.5% year-over-year).
2022: Revenue of $115K, expenses of $93K, and assets of $267K (revenue +19.9% year-over-year).
2021: Revenue of $96K, expenses of $57K, and assets of $243K (revenue +14.6% year-over-year).
2020: Revenue of $84K, expenses of $64K, and assets of $198K (revenue +646.6% year-over-year).
2019: Revenue of $11K, expenses of $28K, and assets of $183K (revenue -79.1% year-over-year).
2018: Revenue of $54K, expenses of $62K, and assets of $196K (revenue -9.2% year-over-year).
2017: Revenue of $59K, expenses of $57K, and assets of $204K (revenue +36.1% year-over-year).
2016: Revenue of $43K, expenses of $57K, and assets of $201K (revenue -44.1% year-over-year).
2015: Revenue of $78K, expenses of $59K, and assets of $214K (revenue +15.0% year-over-year).
2014: Revenue of $68K, expenses of $46K, and assets of $195K (revenue +45.4% year-over-year).
2013: Revenue of $46K, expenses of $48K, and assets of $174K (revenue +6.0% year-over-year).
2012: Revenue of $44K, expenses of $52K, and assets of $175K (revenue -0.3% year-over-year).
2011: Revenue of $44K, expenses of $49K, and assets of $184K.

Data Sources and Methodology

This transparency report for Historical Society Of Wells And Ogunquit 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.