Huguenot Historical Society New Paltz N Y Inc
Huguenot Historical Society consistently operates at a deficit, drawing down assets despite zero officer compensation.
EIN: 146030196 · New Paltz, NY · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $1.7M |
| Program Spending | 70% |
| Net Assets | $2.5M |
| Transparency Score | 75/100 |
Is Huguenot Historical Society New Paltz N Y Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Huguenot Historical Society New Paltz N Y Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Huguenot Historical Society New Paltz N Y Inc
Huguenot Historical Society New Paltz N Y Inc (EIN: 146030196) is a nonprofit organization based in New Paltz, NY, classified under NTEE code A80. The organization reported total revenue of $4.0M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Huguenot Historical Society New Paltz N Y Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Huguenot Historical Society New Paltz N Y Inc is a mid-size nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-642,137 |
| Total Assets | $3.6M |
| Total Liabilities | $1.1M |
| Net Assets | $2.5M |
| Operating Margin | -62.4% |
| Debt-to-Asset Ratio | 30.1% |
| Months of Reserves | 26.0 months |
Financial Health Grade: B
In 2023, Huguenot Historical Society New Paltz N Y Inc reported a deficit of $642K with expenses exceeding revenue, holds 26.0 months of operating reserves (strong position), has a debt-to-asset ratio of 30.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Huguenot Historical Society New Paltz N Y Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.1% | +14.8% | -12.8% |
| 2022 | -23.1% | +3.7% | -12.4% |
| 2021 | +168.0% | +15.7% | +5.7% |
| 2020 | -44.4% | -18.7% | +4.8% |
| 2019 | -50.0% | +9.1% | -10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
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 Huguenot Historical Society New Paltz N Y Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Huguenot Historical Society New Paltz N Y Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $642K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a positive sign for minimizing administrative costs and maximizing resources for 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 Huguenot Historical Society New Paltz N Y Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in most recent filings)
- Declining asset base over the past decade (from $5.5M in 2014 to $3.6M in 2023)
Strengths
The following positive indicators were identified for Huguenot Historical Society New Paltz N Y Inc:
- Zero reported officer compensation, indicating efficient use of funds for leadership
- Substantial asset base, providing a buffer despite operational deficits
- Long history of IRS 990 filings (13 filings), suggesting transparency and compliance
Frequently Asked Questions about Huguenot Historical Society New Paltz N Y Inc
Is Huguenot Historical Society New Paltz N Y Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Huguenot Historical Society New Paltz N Y Inc (EIN: 146030196) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Huguenot Historical Society New Paltz N Y Inc spend its money?
Huguenot Historical Society New Paltz N Y Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Huguenot Historical Society New Paltz N Y Inc tax-deductible?
Huguenot Historical Society New Paltz N Y Inc is registered as a tax-exempt nonprofit (EIN: 146030196). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Huguenot Historical Society New Paltz N Y Inc's spending goes to programs?
Huguenot Historical Society New Paltz N Y Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Huguenot Historical Society New Paltz N Y Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Huguenot Historical Society New Paltz N Y 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 Huguenot Historical Society New Paltz N Y Inc located?
Huguenot Historical Society New Paltz N Y Inc is headquartered in New Paltz, New York and files with the IRS under EIN 146030196. It is classified under NTEE code A80.
How many years of IRS 990 filings does Huguenot Historical Society New Paltz N Y Inc have?
Huguenot Historical Society New Paltz N Y Inc has 13 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 $4.0M in total revenue.
Is Huguenot Historical Society New Paltz N Y Inc financially stable given its recurring deficits?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., $1,671,255 expenses vs. $1,029,118 revenue in 2023), leading to a draw-down on assets. While it possesses substantial assets ($3,624,004 in 2023), this trend suggests potential long-term financial instability if not addressed.
How does the organization fund its operations given the revenue shortfalls?
The recurring deficits imply that the organization is either utilizing accumulated reserves, receiving significant non-operating income not reflected in the 'Revenue' line, or experiencing a decline in net assets. A deeper dive into the Statement of Functional Expenses and Statement of Activities would clarify the funding sources and expense categories.
What is the trend in the organization's assets and liabilities?
Assets have generally decreased from a high of $5,539,608 in 2014 to $3,624,004 in 2023. Liabilities have fluctuated but remained significant, at $1,091,548 in 2023, indicating a notable portion of assets are offset by obligations.
Filing History
IRS 990 filing history for Huguenot Historical Society New Paltz N Y Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Huguenot Historical Society New Paltz N Y Inc's revenue has grown by 29.1%, moving from $797K to $1.0M. Total assets decreased by 37.2% over the same period, from $5.8M to $3.6M. Total functional expenses rose by 71.7%, from $973K to $1.7M. In its most recent filing year (2023), Huguenot Historical Society New Paltz N Y Inc reported a deficit of $642K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $3.6M in assets (debt-to-asset ratio: 30.1%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.7M | $3.6M | $1.1M | — | View 990 |
| 2022 | $1.3M | $1.5M | $4.2M | $1.1M | — | View 990 |
| 2021 | $1.7M | $1.4M | $4.7M | $1.1M | — | View 990 |
| 2020 | $618K | $1.2M | $4.5M | $1.1M | — | — |
| 2019 | $1.1M | $1.5M | $4.3M | $616K | — | View 990 |
| 2018 | $2.2M | $1.4M | $4.8M | $1.0M | — | View 990 |
| 2017 | $883K | $1.4M | $4.7M | $1000K | — | View 990 |
| 2016 | $998K | $1.3M | $5.1M | $983K | — | View 990 |
| 2015 | $775K | $1.3M | $5.2M | $833K | — | View 990 |
| 2014 | $734K | $1.3M | $5.5M | $498K | — | View 990 |
| 2013 | $2.1M | $824K | $5.6M | $109K | — | View 990 |
| 2012 | $692K | $829K | $5.8M | $564K | — | View 990 |
| 2011 | $797K | $973K | $5.8M | $582K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.7M, and assets of $3.6M (revenue -19.1% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.5M, and assets of $4.2M (revenue -23.1% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.4M, and assets of $4.7M (revenue +168.0% year-over-year).
- 2020: Revenue of $618K, expenses of $1.2M, and assets of $4.5M (revenue -44.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.5M, and assets of $4.3M (revenue -50.0% year-over-year).
- 2018: Revenue of $2.2M, expenses of $1.4M, and assets of $4.8M (revenue +151.7% year-over-year).
- 2017: Revenue of $883K, expenses of $1.4M, and assets of $4.7M (revenue -11.6% year-over-year).
- 2016: Revenue of $998K, expenses of $1.3M, and assets of $5.1M (revenue +28.8% year-over-year).
- 2015: Revenue of $775K, expenses of $1.3M, and assets of $5.2M (revenue +5.6% year-over-year).
- 2014: Revenue of $734K, expenses of $1.3M, and assets of $5.5M (revenue -65.3% year-over-year).
- 2013: Revenue of $2.1M, expenses of $824K, and assets of $5.6M (revenue +205.5% year-over-year).
- 2012: Revenue of $692K, expenses of $829K, and assets of $5.8M (revenue -13.2% year-over-year).
- 2011: Revenue of $797K, expenses of $973K, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Huguenot Historical Society New Paltz N Y Inc:
Data Sources and Methodology
This transparency report for Huguenot Historical Society New Paltz N Y 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.