New Gloucester Maine Historical Society
New Gloucester Maine Historical Society consistently maintains low expenses and grows assets with no officer compensation.
EIN: 204468579 · New Gloucestr, ME · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $8K |
| Program Spending | 85% |
| Net Assets | $319K |
| Transparency Score | 90/100 |
Is New Gloucester Maine Historical Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Gloucester Maine Historical Society directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Gloucester Maine Historical Society
New Gloucester Maine Historical Society (EIN: 204468579) is a nonprofit organization based in New Gloucestr, ME, 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 Gloucester Maine Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Gloucester Maine Historical Society is a micro nonprofit that has been operating for 20 years, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of 113.9%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $8K |
| Surplus / Deficit | +$57K |
| Total Assets | $319K |
| Net Assets | $319K |
| Operating Margin | 87.3% |
| Months of Reserves | 461.4 months |
Financial Health Grade: A
In 2014, New Gloucester Maine Historical Society reported a surplus of $57K with revenue exceeding expenses, holds 461.4 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2011–2014), New Gloucester Maine Historical Society's revenue has grown at a compound annual growth rate (CAGR) of 113.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | +149.3% | +79.5% | +21.7% |
| 2013 | -8.9% | -19.0% | +8.9% |
| 2012 | +330.8% | -3.9% | +10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 New Gloucester Maine Historical Society with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New Gloucester Maine Historical Society allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $57K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reported 0% officer compensation across all available filings, indicating a volunteer-led structure or that compensation falls below reporting thresholds, which is highly efficient for an organization 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 Gloucester Maine Historical Society's IRS 990 filings:
- Latest reported revenue and assets are $0, which could indicate a reporting gap or significant recent change not reflected in historical data.
Strengths
The following positive indicators were identified for New Gloucester Maine Historical Society:
- Consistently low expense ratio relative to revenue (e.g., 12.7% in 2014).
- Steady and significant growth in assets over the reporting period.
- Zero reported liabilities, indicating strong financial health.
- No reported officer compensation, suggesting a highly volunteer-driven and efficient model.
- Consistent IRS 990 filing history demonstrates commitment to compliance.
Frequently Asked Questions about New Gloucester Maine Historical Society
Is New Gloucester Maine Historical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, New Gloucester Maine Historical Society (EIN: 204468579) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does New Gloucester Maine Historical Society spend its money?
New Gloucester Maine Historical Society directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Gloucester Maine Historical Society tax-deductible?
New Gloucester Maine Historical Society is registered as a tax-exempt nonprofit (EIN: 204468579). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Gloucester Maine Historical Society's spending goes to programs?
New Gloucester Maine Historical Society directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Gloucester Maine Historical Society compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), New Gloucester Maine Historical Society is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Gloucester Maine Historical Society located?
New Gloucester Maine Historical Society is headquartered in New Gloucestr, Maine and files with the IRS under EIN 204468579. It is classified under NTEE code A80.
How many years of IRS 990 filings does New Gloucester Maine Historical Society have?
New Gloucester Maine Historical Society has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is New Gloucester Maine Historical Society a good charity?
Based on the provided financial data, the New Gloucester Maine Historical Society appears to be a very good charity. It consistently operates with very low expenses relative to its revenue, has no reported liabilities, and has steadily grown its assets, indicating strong financial management and sustainability. The absence of officer compensation further highlights its efficiency.
How does the organization manage its expenses?
The organization manages its expenses exceptionally well, with total expenses consistently being a small fraction of its revenue. For example, in 2014, expenses were only $8,305 against revenues of $65,211. This suggests a highly efficient operation, likely relying heavily on volunteers and minimizing overhead costs.
What is the trend in the organization's assets?
The organization shows a strong positive trend in its assets, growing from $217,886 in 2011 to $319,318 in 2014. This consistent growth, coupled with zero liabilities, indicates excellent financial stewardship and the building of a robust financial foundation.
Filing History
IRS 990 filing history for New Gloucester Maine Historical Society showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), New Gloucester Maine Historical Society's revenue has grown by 878.7%, moving from $7K to $65K. Total assets increased by 46.6% over the same period, from $218K to $319K. Total functional expenses rose by 39.8%, from $6K to $8K. In its most recent filing year (2014), New Gloucester Maine Historical Society reported a surplus of $57K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $65K | $8K | $319K | $0 | — | View 990 |
| 2013 | $26K | $5K | $262K | $0 | — | View 990 |
| 2012 | $29K | $6K | $241K | $0 | — | View 990 |
| 2011 | $7K | $6K | $218K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $65K, expenses of $8K, and assets of $319K (revenue +149.3% year-over-year).
- 2013: Revenue of $26K, expenses of $5K, and assets of $262K (revenue -8.9% year-over-year).
- 2012: Revenue of $29K, expenses of $6K, and assets of $241K (revenue +330.8% year-over-year).
- 2011: Revenue of $7K, expenses of $6K, and assets of $218K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Gloucester Maine Historical Society:
Data Sources and Methodology
This transparency report for New Gloucester Maine 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.