North Yarmouth Historical Society

North Yarmouth Historical Society maintains strong asset growth despite fluctuating revenue and reports no officer compensation.

EIN: 16046644 · N Yarmouth, ME · Updated: 2026-03-28

$70KRevenue

$1.1MAssets

88/100Mission Score (Excellent)

About North Yarmouth Historical Society

North Yarmouth Historical Society (EIN: 16046644) is a nonprofit organization based in N Yarmouth, ME. The organization reported total revenue of $70K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Yarmouth Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The North Yarmouth Historical Society demonstrates strong financial health with consistently growing assets, reaching $1,084,440 in 2023. Their revenue has fluctuated, with a notable decrease from $252,732 in 2022 to $139,540 in 2023, but expenses have remained relatively low, at $42,656 in 2023. This indicates efficient operations relative to their asset base. The organization's transparency is bolstered by the fact that no officer compensation was reported in either 2022 or 2023, suggesting a volunteer-driven leadership model, which is common for smaller historical societies and generally viewed positively for donor trust.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates North Yarmouth Historical Society with a Mission Score of 88 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, North Yarmouth 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.

Executive Compensation Analysis

The North Yarmouth Historical Society reported 0% officer compensation for both 2022 and 2023, indicating that its leadership is likely volunteer-based, which is highly favorable for a small organization of its size and mission.

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.

Strengths

The following positive indicators were identified for North Yarmouth Historical Society:

Strong asset growth, reaching $1,084,440 in 2023.
No officer compensation reported, indicating volunteer leadership and efficient use of funds.
Low expenses relative to revenue and assets, suggesting operational efficiency.
Consistent financial reporting with two recent 990 filings.

Frequently Asked Questions about North Yarmouth Historical Society

Is the North Yarmouth Historical Society financially stable?

Yes, the organization appears financially stable, with assets consistently over $1 million and expenses significantly lower than revenue in recent years, indicating a healthy reserve.

How does the lack of officer compensation impact the organization?

The absence of officer compensation suggests a volunteer-led model, which can reduce overhead costs and potentially increase donor confidence, as more funds can be directed towards the mission.

What caused the revenue fluctuation between 2022 and 2023?

While the filings show a decrease from $252,732 in 2022 to $139,540 in 2023, the specific reasons for this fluctuation are not detailed in the provided data. It could be due to one-time grants, large donations in 2022, or changes in fundraising activities.

Filing History

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

Over 2 years of IRS 990 filings (2022–2023), North Yarmouth Historical Society's revenue has declined by 44.8%, moving from $253K to $140K. Total assets increased by 10.4% over the same period, from $982K to $1.1M. Total functional expenses rose by 117.5%, from $20K to $43K. In its most recent filing year (2023), North Yarmouth Historical Society reported a surplus of $97K, with revenue exceeding expenses. The organization holds $55K in liabilities against $1.1M in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $1.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$140K	$43K	$1.1M	$55K	—	View 990
2022	$253K	$20K	$982K	$50K	—	—

Data Sources and Methodology

This transparency report for North Yarmouth 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.