New England Electric Railway Historical Society

New England Electric Railway Historical Society consistently grows assets and reports no officer compensation.

EIN: 10244457 · Kennebunkport, ME · Updated: 2026-03-28

$1.7MRevenue

$11.3MAssets

85/100Mission Score (Excellent)

Is New England Electric Railway Historical Society Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

1 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

New England Electric Railway Historical Society directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About New England Electric Railway Historical Society

New England Electric Railway Historical Society (EIN: 10244457) is a nonprofit organization based in Kennebunkport, ME. The organization reported total revenue of $1.7M and total assets of $11.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New England Electric Railway Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The New England Electric Railway Historical Society demonstrates strong financial health, consistently growing its assets from $3.2 million in 2014 to over $11.3 million currently. The organization has also maintained a positive net income in most years, with recent revenues significantly exceeding expenses, such as $1.68 million in revenue against $1.1 million in expenses in 2023. This indicates effective financial management and a robust ability to generate income. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, and the explicit reporting of 0% officer compensation across all available periods, which is a positive indicator of resource allocation towards its mission rather than executive pay.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise efficiency ratio cannot be calculated. However, the consistent growth in assets and the significant surplus of revenue over expenses suggest that the organization is not overspending. The absence of officer compensation further implies that a substantial portion of expenses is likely directed towards operational and programmatic activities. The organization's financial stability and growth are commendable, allowing it to build a strong asset base to support its historical preservation mission.

Overall, the New England Electric Railway Historical Society appears to be a financially sound and well-managed organization. Its consistent asset growth, positive revenue-to-expense ratios, and transparent reporting of no officer compensation are strong indicators of good financial stewardship. While a detailed spending breakdown would provide more granular insight into efficiency, the available data paints a picture of a healthy and responsible nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New England Electric Railway 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, New England Electric Railway 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

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with over $11 million in assets and $1.7 million in annual 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.

Red Flags

The following concerns were identified during AI analysis of New England Electric Railway Historical Society's IRS 990 filings:

Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is being paid through other means or that leadership is entirely volunteer-based, which could pose sustainability risks.

Strengths

The following positive indicators were identified for New England Electric Railway Historical Society:

Strong and consistent asset growth, increasing from $3.2 million in 2014 to over $11.3 million currently.
Positive net income in most years, with revenue consistently exceeding expenses (e.g., $1.68M revenue vs. $1.1M expenses in 2023).
Consistent IRS 990 filing history, indicating good transparency and compliance.
Zero reported officer compensation across all available filings, suggesting resources are directed away from executive pay.

Frequently Asked Questions about New England Electric Railway Historical Society

Is New England Electric Railway Historical Society a legitimate charity?

Based on AI analysis of IRS 990 filings, New England Electric Railway Historical Society (EIN: 10244457) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

How does New England Electric Railway Historical Society spend its money?

New England Electric Railway Historical Society directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to New England Electric Railway Historical Society tax-deductible?

New England Electric Railway Historical Society is registered as a tax-exempt nonprofit (EIN: 10244457). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is the New England Electric Railway Historical Society financially stable?

Yes, the organization is financially stable, demonstrating consistent asset growth from $3.2 million in 2014 to over $11.3 million currently, and generally maintaining a significant surplus of revenue over expenses, such as $1.68 million in revenue against $1.1 million in expenses in 2023.

How does the organization manage executive compensation?

The organization reports 0% officer compensation across all available IRS 990 filings, meaning no officers received compensation from the organization during these periods.

What is the trend in the organization's assets?

The organization's assets have shown a strong upward trend, growing from $3,229,063 in 2014 to $11,328,072 currently, indicating significant financial growth and accumulation of resources.

Does the organization consistently file its IRS 990s?

Yes, the organization has a consistent filing history with 13 IRS 990 filings available, demonstrating good transparency and compliance.

Filing History

IRS 990 filing history for New England Electric Railway Historical Society showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), New England Electric Railway Historical Society's revenue has grown by 174.1%, moving from $614K to $1.7M. Total assets increased by 267.2% over the same period, from $3.0M to $11.0M. Total functional expenses rose by 55.5%, from $709K to $1.1M. In its most recent filing year (2023), New England Electric Railway Historical Society reported a surplus of $580K, with revenue exceeding expenses. The organization holds $194K in liabilities against $11.0M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $10.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.7M	$1.1M	$11.0M	$194K	—	—
2022	$3.1M	$1.1M	$10.3M	$302K	—	—
2021	$3.1M	$1.0M	$8.6M	$99K	—	View 990
2020	$854K	$916K	$6.3M	$79K	—	—
2019	$2.0M	$873K	$6.0M	$85K	—	View 990
2018	$1.2M	$721K	$4.7M	$110K	—	View 990
2017	$970K	$742K	$4.4M	$145K	—	View 990
2016	$803K	$746K	$4.0M	$84K	—	View 990
2015	$1.4M	$764K	$3.9M	$115K	—	View 990
2014	$969K	$794K	$3.2M	$97K	—	View 990
2013	$759K	$727K	$3.0M	$105K	—	View 990
2012	$699K	$755K	$3.0M	$151K	—	View 990
2011	$614K	$709K	$3.0M	$162K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.7M, expenses of $1.1M, and assets of $11.0M (revenue -46.4% year-over-year).
2022: Revenue of $3.1M, expenses of $1.1M, and assets of $10.3M (revenue +1.1% year-over-year).
2021: Revenue of $3.1M, expenses of $1.0M, and assets of $8.6M (revenue +263.6% year-over-year).
2020: Revenue of $854K, expenses of $916K, and assets of $6.3M (revenue -56.5% year-over-year).
2019: Revenue of $2.0M, expenses of $873K, and assets of $6.0M (revenue +70.5% year-over-year).
2018: Revenue of $1.2M, expenses of $721K, and assets of $4.7M (revenue +18.8% year-over-year).
2017: Revenue of $970K, expenses of $742K, and assets of $4.4M (revenue +20.7% year-over-year).
2016: Revenue of $803K, expenses of $746K, and assets of $4.0M (revenue -43.2% year-over-year).
2015: Revenue of $1.4M, expenses of $764K, and assets of $3.9M (revenue +45.9% year-over-year).
2014: Revenue of $969K, expenses of $794K, and assets of $3.2M (revenue +27.7% year-over-year).
2013: Revenue of $759K, expenses of $727K, and assets of $3.0M (revenue +8.6% year-over-year).
2012: Revenue of $699K, expenses of $755K, and assets of $3.0M (revenue +13.9% year-over-year).
2011: Revenue of $614K, expenses of $709K, and assets of $3.0M.

Data Sources and Methodology

This transparency report for New England Electric Railway 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.