New Castle Historical Society

New Castle Historical Society experienced a deficit in 2023, with expenses exceeding revenue by $25,290.

EIN: 20627555 · New Castle, NH · NTEE: A80 · Updated: 2026-03-28

$0Revenue

$0Assets

75/100Mission Score (Good)

A80

About New Castle Historical Society

New Castle Historical Society (EIN: 20627555) is a nonprofit organization based in New Castle, NH, classified under NTEE code A80. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Castle Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The New Castle Historical Society appears to be a small, community-focused organization with fluctuating financial performance. In 2023, the organization experienced a deficit, with expenses of $89,819 exceeding revenue of $64,529. This contrasts with 2022, where revenue of $84,865 surpassed expenses of $71,983, indicating some variability in their financial stability. Despite the deficit in the latest period, the organization maintains a healthy asset base of $162,076 with no reported liabilities, suggesting good financial management in terms of debt. The consistent reporting of 0% officer compensation across both periods indicates a volunteer-driven leadership or that compensation falls below reporting thresholds, which is common for smaller historical societies and generally viewed positively for transparency and resource allocation to mission. The organization's NTEE code A80 (Historical Societies and Related Activities) aligns well with its name and presumed mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New Castle Historical Society 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, New Castle 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.

Executive Compensation Analysis

Officer compensation was reported as 0% in both 2022 and 2023, suggesting a volunteer-led organization or that compensation is below reporting thresholds, which is positive for a small nonprofit of this 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 New Castle Historical Society's IRS 990 filings:

Operating deficit in the latest fiscal period (2023), with expenses exceeding revenue by $25,290.

Strengths

The following positive indicators were identified for New Castle Historical Society:

No reported liabilities in either fiscal period, indicating strong financial management regarding debt.
Consistent 0% officer compensation, suggesting efficient use of funds for mission-related activities.
Healthy asset base of $162,076 in 2023, providing financial stability despite the recent deficit.

Frequently Asked Questions about New Castle Historical Society

Is the New Castle Historical Society financially stable given the 2023 deficit?

While the New Castle Historical Society reported a deficit of $25,290 in 2023, its strong asset base of $162,076 and zero liabilities provide a buffer, suggesting it has resources to cover short-term operational gaps. However, sustained deficits would be a concern.

How does the organization fund its operations?

Based on the revenue figures of $64,529 in 2023 and $84,865 in 2022, the organization likely relies on a mix of donations, membership fees, grants, and potentially program service revenue, though specific sources are not detailed in the provided data.

Filing History

IRS 990 filing history for New Castle Historical Society showing financial trends over 2 years of public records:

Over 2 years of IRS 990 filings (2022–2023), New Castle Historical Society's revenue has declined by 24%, moving from $85K to $65K. Total assets decreased by 13.5% over the same period, from $187K to $162K. Total functional expenses rose by 24.8%, from $72K to $90K. In its most recent filing year (2023), New Castle Historical Society reported a deficit of $25K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$65K	$90K	$162K	$0	—	—
2022	$85K	$72K	$187K	$0	—	View 990

Data Sources and Methodology

This transparency report for New Castle 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.