Nashua Historical Society
Nashua Historical Society frequently operates at a deficit, relying on substantial assets to cover expenses.
EIN: 20246187 · Nashua, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.5M |
| Total Expenses | $304K |
| Program Spending | 75% |
| Net Assets | $6.2M |
| Transparency Score | 70/100 |
Is Nashua Historical Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nashua Historical Society directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nashua Historical Society
Nashua Historical Society (EIN: 20246187) is a nonprofit organization based in Nashua, NH. The organization reported total revenue of $5.5M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nashua Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nashua Historical Society is a mid-size nonprofit that has been operating for 67 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $295K |
| Total Expenses | $304K |
| Surplus / Deficit | $-9,469 |
| Total Assets | $6.2M |
| Total Liabilities | $2K |
| Net Assets | $6.2M |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 245.8 months |
Financial Health Grade: B
In 2024, Nashua Historical Society reported a deficit of $9K with expenses exceeding revenue, holds 245.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Nashua Historical Society's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +24.8% | +0.0% | +5.3% |
| 2023 | -49.2% | +12.5% | -3.3% |
| 2022 | +72.3% | -3.3% | -6.7% |
| 2021 | +18.8% | -6.2% | +22.5% |
| 2020 | -11.3% | +1.5% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1959 |
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 Nashua Historical Society with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Nashua Historical Society allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for a nonprofit of its size.
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 Nashua Historical Society's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in 7 out of 10 periods)
- Significant discrepancy between 'Latest Revenue' and historical annual revenues, requiring clarification
Strengths
The following positive indicators were identified for Nashua Historical Society:
- Strong asset base ($6,234,533 in 2024) providing financial stability
- Extremely low liabilities (e.g., $2,173 in 2024) indicating good financial management
- 0% officer compensation, suggesting high efficiency in leadership costs
Frequently Asked Questions about Nashua Historical Society
Is Nashua Historical Society a legitimate charity?
Nashua Historical Society (EIN: 20246187) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.5M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Nashua Historical Society spend its money?
Nashua Historical Society directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Nashua Historical Society tax-deductible?
Nashua Historical Society is registered as a tax-exempt nonprofit (EIN: 20246187). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nashua Historical Society's spending goes to programs?
Nashua Historical Society directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Nashua Historical Society located?
Nashua Historical Society is headquartered in Nashua, New Hampshire and files with the IRS under EIN 20246187.
How many years of IRS 990 filings does Nashua Historical Society have?
Nashua Historical Society has 10 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 $5.5M in total revenue.
Is Nashua Historical Society a good charity?
The Nashua Historical Society appears to be a good charity in terms of its financial efficiency regarding executive compensation and its substantial asset base. However, its consistent operational deficits suggest a need for more sustainable revenue generation to cover ongoing expenses.
How does the organization fund its operations given frequent deficits?
Given that expenses frequently exceed revenue (e.g., $304,416 expenses vs. $294,947 revenue in 2024), the organization likely draws from its significant asset base, which has grown from $5,084,861 in 2012 to $6,234,533 in 2024, or relies on periodic large, unrestricted donations not reflected in typical annual operating revenues.
What is the nature of the 'Latest Revenue' figure of $5,460,215?
The 'Latest Revenue' figure of $5,460,215 is significantly higher than any annual revenue reported in the past decade (which typically range from $227,441 to $465,660). This suggests it could be a one-time major gift, a capital campaign contribution, or an investment gain, rather than typical operating income.
Filing History
IRS 990 filing history for Nashua Historical Society showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Nashua Historical Society's revenue has grown by 3.6%, moving from $285K to $295K. Total assets increased by 22.6% over the same period, from $5.1M to $6.2M. Total functional expenses rose by 18.3%, from $257K to $304K. In its most recent filing year (2024), Nashua Historical Society reported a deficit of $9K, with expenses exceeding revenue. The organization holds $2K in liabilities against $6.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $295K | $304K | $6.2M | $2K | — | View 990 |
| 2023 | $236K | $304K | $5.9M | $2K | — | View 990 |
| 2022 | $466K | $271K | $6.1M | $2K | — | View 990 |
| 2021 | $270K | $280K | $6.6M | $2K | — | — |
| 2020 | $227K | $298K | $5.4M | $2K | — | View 990 |
| 2016 | $256K | $294K | $5.3M | $2K | — | View 990 |
| 2015 | $378K | $282K | $5.5M | $2K | — | View 990 |
| 2014 | $416K | $227K | $5.5M | $2K | — | View 990 |
| 2013 | $245K | $258K | $5.3M | $2K | — | View 990 |
| 2012 | $285K | $257K | $5.1M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $295K, expenses of $304K, and assets of $6.2M (revenue +24.8% year-over-year).
- 2023: Revenue of $236K, expenses of $304K, and assets of $5.9M (revenue -49.2% year-over-year).
- 2022: Revenue of $466K, expenses of $271K, and assets of $6.1M (revenue +72.3% year-over-year).
- 2021: Revenue of $270K, expenses of $280K, and assets of $6.6M (revenue +18.8% year-over-year).
- 2020: Revenue of $227K, expenses of $298K, and assets of $5.4M (revenue -11.3% year-over-year).
- 2016: Revenue of $256K, expenses of $294K, and assets of $5.3M (revenue -32.2% year-over-year).
- 2015: Revenue of $378K, expenses of $282K, and assets of $5.5M (revenue -9.1% year-over-year).
- 2014: Revenue of $416K, expenses of $227K, and assets of $5.5M (revenue +69.7% year-over-year).
- 2013: Revenue of $245K, expenses of $258K, and assets of $5.3M (revenue -13.8% year-over-year).
- 2012: Revenue of $285K, expenses of $257K, and assets of $5.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nashua Historical Society:
Data Sources and Methodology
This transparency report for Nashua 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.