Lancaster Historical Society
Lancaster Historical Society maintains strong assets and volunteer-led operations despite recent deficit.
EIN: 20268691 · Lancaster, NH · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36K |
| Total Expenses | $90K |
| Program Spending | 90% |
| Net Assets | $347K |
| Transparency Score | 92/100 |
Is Lancaster Historical Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lancaster Historical Society directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lancaster Historical Society
Lancaster Historical Society (EIN: 20268691) is a nonprofit organization based in Lancaster, NH, classified under NTEE code A80. The organization reported total revenue of $36K and total assets of $322K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lancaster Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lancaster Historical Society is a micro nonprofit that has been operating for 14 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 19.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $90K |
| Surplus / Deficit | $-20,835 |
| Total Assets | $347K |
| Net Assets | $347K |
| Operating Margin | -30.0% |
| Months of Reserves | 46.1 months |
Financial Health Grade: B
In 2024, Lancaster Historical Society reported a deficit of $21K with expenses exceeding revenue, holds 46.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Lancaster Historical Society's revenue has grown at a compound annual growth rate (CAGR) of 19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +27.0% | +180.0% | -5.7% |
| 2023 | -1.3% | +72.0% | +6.5% |
| 2022 | +20.6% | +2.7% | +11.9% |
| 2021 | +304.7% | -6.9% | — |
| 2020 | -44.4% | +4.4% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Lancaster Historical Society 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Lancaster Historical Society allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $21K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating a volunteer-led structure that minimizes administrative costs and maximizes resources for its historical preservation 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 Lancaster Historical Society's IRS 990 filings:
- Recent deficit in 2024 where expenses ($90,209) exceeded revenue ($69,374).
Strengths
The following positive indicators were identified for Lancaster Historical Society:
- Consistent reporting of $0 liabilities across all filings.
- Strong asset base, reaching $346,633 in 2024.
- Volunteer-led organization with 0% officer compensation reported.
- History of generating financial surpluses in multiple years (e.g., $22,422 in 2023).
- Excellent transparency with 14 IRS 990 filings available.
Frequently Asked Questions about Lancaster Historical Society
Is Lancaster Historical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Lancaster Historical Society (EIN: 20268691) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Lancaster Historical Society spend its money?
Lancaster Historical Society directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lancaster Historical Society tax-deductible?
Lancaster Historical Society is registered as a tax-exempt nonprofit (EIN: 20268691). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lancaster Historical Society compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lancaster Historical Society 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 Lancaster Historical Society located?
Lancaster Historical Society is headquartered in Lancaster, New Hampshire and files with the IRS under EIN 20268691. It is classified under NTEE code A80.
How many years of IRS 990 filings does Lancaster Historical Society have?
Lancaster Historical Society has 14 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 $36K in total revenue.
Is Lancaster Historical Society a good charity?
Yes, the Lancaster Historical Society appears to be a good charity. It maintains strong assets (e.g., $346,633 in 2024), consistently files its IRS 990s, and operates with 0% officer compensation, indicating a highly efficient, volunteer-driven model focused on its mission.
How does the organization manage its finances?
The organization generally manages its finances well, often generating surpluses (e.g., $22,422 in 2023). While there was a deficit in 2024 ($90,209 expenses vs. $69,374 revenue), the long-term trend shows responsible management and a healthy asset base.
What is the organization's biggest financial strength?
The biggest financial strength is its volunteer-led operation, evidenced by 0% officer compensation across all filings, which significantly reduces overhead and ensures more funds are directed to its programs. Additionally, the consistent reporting of $0 liabilities is a major strength.
Filing History
IRS 990 filing history for Lancaster Historical Society showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Lancaster Historical Society's revenue has grown by 933.1%, moving from $7K to $69K. Total assets increased by 33.8% over the same period, from $259K to $347K. Total functional expenses rose by 2121.9%, from $4K to $90K. In its most recent filing year (2024), Lancaster Historical Society reported a deficit of $21K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $69K | $90K | $347K | $0 | — | — |
| 2023 | $55K | $32K | $367K | $0 | — | View 990 |
| 2022 | $55K | $19K | $345K | $0 | — | View 990 |
| 2021 | $46K | $18K | $308K | $0 | — | — |
| 2020 | $11K | $20K | $0 | $0 | — | View 990 |
| 2019 | $20K | $19K | $289K | $0 | — | View 990 |
| 2018 | $58K | $22K | $287K | $0 | — | View 990 |
| 2017 | $15K | $27K | $252K | $0 | — | View 990 |
| 2016 | $15K | $24K | $264K | $0 | — | View 990 |
| 2015 | $30K | $25K | $272K | $0 | — | View 990 |
| 2014 | $33K | $26K | $267K | $0 | — | View 990 |
| 2013 | $23K | $21K | $260K | $0 | — | View 990 |
| 2012 | $33K | $28K | $258K | $0 | — | View 990 |
| 2011 | $7K | $4K | $259K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $69K, expenses of $90K, and assets of $347K (revenue +27.0% year-over-year).
- 2023: Revenue of $55K, expenses of $32K, and assets of $367K (revenue -1.3% year-over-year).
- 2022: Revenue of $55K, expenses of $19K, and assets of $345K (revenue +20.6% year-over-year).
- 2021: Revenue of $46K, expenses of $18K, and assets of $308K (revenue +304.7% year-over-year).
- 2020: Revenue of $11K, expenses of $20K, and assets of $0 (revenue -44.4% year-over-year).
- 2019: Revenue of $20K, expenses of $19K, and assets of $289K (revenue -64.8% year-over-year).
- 2018: Revenue of $58K, expenses of $22K, and assets of $287K (revenue +287.1% year-over-year).
- 2017: Revenue of $15K, expenses of $27K, and assets of $252K (revenue -0.5% year-over-year).
- 2016: Revenue of $15K, expenses of $24K, and assets of $264K (revenue -49.3% year-over-year).
- 2015: Revenue of $30K, expenses of $25K, and assets of $272K (revenue -8.6% year-over-year).
- 2014: Revenue of $33K, expenses of $26K, and assets of $267K (revenue +41.6% year-over-year).
- 2013: Revenue of $23K, expenses of $21K, and assets of $260K (revenue -30.9% year-over-year).
- 2012: Revenue of $33K, expenses of $28K, and assets of $258K (revenue +395.2% year-over-year).
- 2011: Revenue of $7K, expenses of $4K, and assets of $259K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lancaster Historical Society:
Data Sources and Methodology
This transparency report for Lancaster Historical 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.