Lovell Historical Society
Lovell Historical Society shows consistent asset growth and no liabilities, with fluctuating but generally positive revenue.
EIN: 10339744 · Lovell, ME · NTEE: A800 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $138K |
| Total Expenses | $76K |
| Program Spending | 80% |
| Net Assets | $674K |
| Transparency Score | 85/100 |
Is Lovell Historical Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lovell Historical Society directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lovell Historical Society
Lovell Historical Society (EIN: 10339744) is a nonprofit organization based in Lovell, ME, classified under NTEE code A800. The organization reported total revenue of $138K and total assets of $734K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lovell Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lovell Historical Society is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $151K |
| Total Expenses | $76K |
| Surplus / Deficit | +$76K |
| Total Assets | $674K |
| Net Assets | $674K |
| Operating Margin | 50.0% |
| Months of Reserves | 106.8 months |
Financial Health Grade: A
In 2023, Lovell Historical Society reported a surplus of $76K with revenue exceeding expenses, holds 106.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Lovell Historical Society's revenue has grown at a compound annual growth rate (CAGR) of 12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +246.1% | +26.2% | +12.6% |
| 2022 | -68.6% | +8.4% | -2.6% |
| 2021 | +151.9% | +7.0% | — |
| 2020 | -8.2% | -0.1% | -100.0% |
| 2019 | -2.6% | +11.5% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Lovell Historical 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lovell Historical Society allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $76K, with revenue exceeding expenses.
Executive Compensation Analysis
The Lovell Historical Society reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is positive for resource allocation given the organization's size and revenue.
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 Lovell Historical Society:
- Consistent asset growth, reaching $673,830 in 2023.
- Zero reported liabilities across all 13 filings, indicating strong financial stability.
- 0% officer compensation, suggesting efficient use of funds for mission-related activities.
- Regular and consistent IRS 990 filing history (13 filings), demonstrating transparency.
- Revenue consistently exceeding expenses in most recent years, allowing for reserve building (e.g., $151,332 revenue vs. $75,716 expenses in 2023).
Frequently Asked Questions about Lovell Historical Society
Is Lovell Historical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Lovell Historical Society (EIN: 10339744) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Lovell Historical Society spend its money?
Lovell Historical Society directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lovell Historical Society tax-deductible?
Lovell Historical Society is registered as a tax-exempt nonprofit (EIN: 10339744). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lovell Historical Society's spending goes to programs?
Lovell Historical Society directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lovell Historical Society compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lovell Historical Society is above average for NTEE category A800 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lovell Historical Society located?
Lovell Historical Society is headquartered in Lovell, Maine and files with the IRS under EIN 10339744. It is classified under NTEE code A800.
How many years of IRS 990 filings does Lovell Historical Society have?
Lovell Historical Society 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 $138K in total revenue.
Is Lovell Historical Society a good charity?
Based on the provided data, Lovell Historical Society appears to be a good charity. It consistently grows its assets, has no liabilities, and reports 0% officer compensation, suggesting efficient use of funds and strong financial management.
How has Lovell Historical Society's financial health changed over time?
The organization's financial health has generally improved, with assets growing from $267,246 in 2016 to $673,830 in 2023. Revenue has fluctuated but expenses have generally been well-managed, leading to consistent asset accumulation and no liabilities.
What is the Lovell Historical Society's approach to executive compensation?
The Lovell Historical Society reports 0% officer compensation in all available filings, indicating that its leadership is likely volunteer-based or compensated minimally, which allows more funds to be directed towards its mission.
Filing History
IRS 990 filing history for Lovell Historical Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lovell Historical Society's revenue has grown by 298.7%, moving from $38K to $151K. Total assets increased by 168.8% over the same period, from $251K to $674K. Total functional expenses rose by 61.6%, from $47K to $76K. In its most recent filing year (2023), Lovell Historical Society reported a surplus of $76K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $151K | $76K | $674K | $0 | — | — |
| 2022 | $44K | $60K | $598K | $0 | — | View 990 |
| 2021 | $139K | $55K | $614K | $0 | — | View 990 |
| 2020 | $55K | $52K | $0 | $0 | — | View 990 |
| 2019 | $60K | $52K | $1 | $0 | — | View 990 |
| 2018 | $62K | $46K | $1 | $0 | — | View 990 |
| 2017 | $65K | $54K | $1 | $0 | — | View 990 |
| 2016 | $58K | $49K | $267K | $0 | — | View 990 |
| 2015 | $70K | $67K | $0 | $0 | — | View 990 |
| 2014 | $47K | $42K | $260K | $0 | — | View 990 |
| 2013 | $38K | $36K | $255K | $0 | — | View 990 |
| 2012 | $35K | $33K | $253K | $0 | — | View 990 |
| 2011 | $38K | $47K | $251K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $151K, expenses of $76K, and assets of $674K (revenue +246.1% year-over-year).
- 2022: Revenue of $44K, expenses of $60K, and assets of $598K (revenue -68.6% year-over-year).
- 2021: Revenue of $139K, expenses of $55K, and assets of $614K (revenue +151.9% year-over-year).
- 2020: Revenue of $55K, expenses of $52K, and assets of $0 (revenue -8.2% year-over-year).
- 2019: Revenue of $60K, expenses of $52K, and assets of $1 (revenue -2.6% year-over-year).
- 2018: Revenue of $62K, expenses of $46K, and assets of $1 (revenue -4.9% year-over-year).
- 2017: Revenue of $65K, expenses of $54K, and assets of $1 (revenue +12.1% year-over-year).
- 2016: Revenue of $58K, expenses of $49K, and assets of $267K (revenue -17.5% year-over-year).
- 2015: Revenue of $70K, expenses of $67K, and assets of $0 (revenue +51.2% year-over-year).
- 2014: Revenue of $47K, expenses of $42K, and assets of $260K (revenue +20.9% year-over-year).
- 2013: Revenue of $38K, expenses of $36K, and assets of $255K (revenue +10.4% year-over-year).
- 2012: Revenue of $35K, expenses of $33K, and assets of $253K (revenue -8.2% year-over-year).
- 2011: Revenue of $38K, expenses of $47K, and assets of $251K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lovell Historical Society:
Data Sources and Methodology
This transparency report for Lovell 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.