Lyme Historians Inc
Lyme Historians Inc: Consistent Revenue, High Administrative Costs
EIN: 222848393 · Lyme, NH · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $130K |
| Total Expenses | $46K |
| Program Spending | 50% |
| Net Assets | $1.0M |
| Transparency Score | 65/100 |
Is Lyme Historians Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lyme Historians Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Lyme Historians Inc
Lyme Historians Inc (EIN: 222848393) is a nonprofit organization based in Lyme, NH. The organization reported total revenue of $130K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lyme Historians Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lyme Historians Inc is a small nonprofit that has been operating for 38 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -31.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29K |
| Total Expenses | $46K |
| Surplus / Deficit | $-16,859 |
| Total Assets | $1.0M |
| Net Assets | $1.0M |
| Operating Margin | -57.3% |
| Months of Reserves | 262.2 months |
Financial Health Grade: B
In 2023, Lyme Historians Inc reported a deficit of $17K with expenses exceeding revenue, holds 262.2 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2015–2023), Lyme Historians Inc's revenue has declined at a compound annual growth rate (CAGR) of -31.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.5% | +9.0% | +1.3% |
| 2022 | -33.9% | +35.9% | -7.2% |
| 2021 | +12.1% | -30.0% | +4.0% |
| 2020 | -69.0% | +55.1% | +3.4% |
| 2019 | +5.2% | -9.6% | +14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1988 |
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 Lyme Historians Inc with a Mission Score of 65 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: 35%
- programs: 50%
- fundraising: 15%
According to IRS 990 filings, Lyme Historians Inc allocates its expenses as follows: admin: 35%, programs: 50%, fundraising: 15%. Approximately 50% 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 $17K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.
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 Lyme Historians Inc's IRS 990 filings:
- Administrative expenses appear consistently high relative to program spending, for example, in 2023, expenses were $46,263 against revenue of $29,404.
- Revenue has shown a significant decline from $144,554 in 2016 to $29,404 in 2023.
Strengths
The following positive indicators were identified for Lyme Historians Inc:
- The organization maintains a healthy asset base, consistently over $700,000, reaching $1,026,752 in 2023.
- Consistent filing of financial documents demonstrates a commitment to transparency.
- The organization has maintained a stable liability profile, consistently reporting $0 or $1,200 in liabilities.
Frequently Asked Questions about Lyme Historians Inc
Is Lyme Historians Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lyme Historians Inc (EIN: 222848393) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Lyme Historians Inc spend its money?
Lyme Historians Inc directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lyme Historians Inc tax-deductible?
Lyme Historians Inc is registered as a tax-exempt nonprofit (EIN: 222848393). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lyme Historians Inc's spending goes to programs?
Lyme Historians Inc directs 50% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Lyme Historians Inc located?
Lyme Historians Inc is headquartered in Lyme, New Hampshire and files with the IRS under EIN 222848393.
How many years of IRS 990 filings does Lyme Historians Inc have?
Lyme Historians 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 $130K in total revenue.
What does Lyme Historians Inc do?
Lyme Historians Inc is a nonprofit organization in the Unknown sector, located in Lyme, New Hampshire. It is classified under NTEE code Unknown.
How much revenue does Lyme Historians Inc have?
Lyme Historians Inc reported total revenue of $129,896. Based on 9 IRS 990 filings on record.
What are Lyme Historians Inc's total assets?
Lyme Historians Inc holds total assets of $1,026,752 as reported in IRS 990 filings.
Where is Lyme Historians Inc located?
Lyme Historians Inc is based in Lyme, New Hampshire.
What is Lyme Historians Inc's EIN?
Lyme Historians Inc's Employer Identification Number (EIN) is 222848393. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lyme Historians Inc?
Lyme Historians Inc is classified under NTEE code Unknown (Unknown).
Is Lyme Historians Inc a registered 501(c)(3)?
Lyme Historians Inc appears in IRS records (EIN: 222848393). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Lyme Historians Inc file IRS Form 990?
Yes, Lyme Historians Inc has 9 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Lyme Historians Inc's revenue in 2023?
In the 202312 filing period, Lyme Historians Inc reported total revenue of $29,404, total expenses of $46,263, and net assets of $1,010,821.
Is Lyme Historians Inc's revenue growing or declining?
Lyme Historians Inc's revenue is declining. Revenue went from $31,772 (202212) to $29,404 (202312), a -7.5% change. Based on 9 filings on record.
What is Lyme Historians Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Lyme Historians Inc covers tax period 202312. It shows revenue of $29,404, expenses of $46,263, total assets of $1,010,821, and liabilities of N/A.
How much does Lyme Historians Inc spend on programs vs administration?
Based on IRS 990 analysis, Lyme Historians Inc allocates approximately 50% of expenses to program services, 35% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Lyme Historians Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Lyme Historians Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Lyme Historians Inc?
The following concerns were identified: Administrative expenses appear consistently high relative to program spending, for example, in 2023, expenses were $46,263 against revenue of $29,404.. Revenue has shown a significant decline from $144,554 in 2016 to $29,404 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Lyme Historians Inc's strengths?
Positive indicators for Lyme Historians Inc include: The organization maintains a healthy asset base, consistently over $700,000, reaching $1,026,752 in 2023.. Consistent filing of financial documents demonstrates a commitment to transparency.. The organization has maintained a stable liability profile, consistently reporting $0 or $1,200 in liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does Lyme Historians Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant decline in revenue from 2016 to 2023, what strategies are in place to reverse this trend and ensure long-term financial sustainability?
The provided data does not detail specific strategies, but the consistent asset base suggests potential for investment income or a strategic pivot in fundraising efforts to offset declining direct revenue.
With administrative expenses often exceeding revenue in recent years (e.g., $46,263 expenses vs. $29,404 revenue in 2023), how does the organization manage its operational deficit without depleting its substantial assets?
The organization likely relies on its significant asset base to cover operational shortfalls, potentially through investment returns or drawing down reserves, as direct revenue has not consistently covered expenses in recent years.
Filing History
IRS 990 filing history for Lyme Historians Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Lyme Historians Inc's revenue has declined by 95%, moving from $588K to $29K. Total assets increased by 69.6% over the same period, from $596K to $1.0M. Total functional expenses rose by 114.5%, from $22K to $46K. In its most recent filing year (2023), Lyme Historians Inc reported a deficit of $17K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29K | $46K | $1.0M | $0 | — | — |
| 2022 | $32K | $42K | $998K | $1K | — | View 990 |
| 2021 | $48K | $31K | $1.1M | $1K | — | — |
| 2020 | $43K | $45K | $1.0M | $1K | — | — |
| 2019 | $138K | $29K | $1.0M | $1K | — | View 990 |
| 2018 | $131K | $32K | $874K | $1K | — | View 990 |
| 2017 | $115K | $45K | $779K | $1K | — | View 990 |
| 2016 | $145K | $29K | $710K | $1K | — | View 990 |
| 2015 | $588K | $22K | $596K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29K, expenses of $46K, and assets of $1.0M (revenue -7.5% year-over-year).
- 2022: Revenue of $32K, expenses of $42K, and assets of $998K (revenue -33.9% year-over-year).
- 2021: Revenue of $48K, expenses of $31K, and assets of $1.1M (revenue +12.1% year-over-year).
- 2020: Revenue of $43K, expenses of $45K, and assets of $1.0M (revenue -69.0% year-over-year).
- 2019: Revenue of $138K, expenses of $29K, and assets of $1.0M (revenue +5.2% year-over-year).
- 2018: Revenue of $131K, expenses of $32K, and assets of $874K (revenue +14.8% year-over-year).
- 2017: Revenue of $115K, expenses of $45K, and assets of $779K (revenue -20.8% year-over-year).
- 2016: Revenue of $145K, expenses of $29K, and assets of $710K (revenue -75.4% year-over-year).
- 2015: Revenue of $588K, expenses of $22K, and assets of $596K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lyme Historians Inc:
Data Sources and Methodology
This transparency report for Lyme Historians 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.