Presque Isle Historical & Genealogical Society
Presque Isle Historical & Genealogical Society maintains stable assets with volunteer leadership despite fluctuating annual revenues.
EIN: 10463933 · Presque Isle, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $34K |
| Total Expenses | $58K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $75,000. |
| Net Assets | $914K |
| Transparency Score | 85/100 |
Is Presque Isle Historical & Genealogical Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Presque Isle Historical & Genealogical Society directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Presque Isle Historical & Genealogical Society
Presque Isle Historical & Genealogical Society (EIN: 10463933) is a nonprofit organization based in Presque Isle, ME. The organization reported total revenue of $34K and total assets of $903K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Presque Isle Historical & Genealogical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Presque Isle Historical & Genealogical Society is a micro nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $58K |
| Surplus / Deficit | $-2,277 |
| Total Assets | $914K |
| Net Assets | $914K |
| Operating Margin | -4.1% |
| Months of Reserves | 188.6 months |
Financial Health Grade: B
In 2023, Presque Isle Historical & Genealogical Society reported a deficit of $2K with expenses exceeding revenue, holds 188.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Presque Isle Historical & Genealogical Society's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +90.9% | +14.1% | +0.0% |
| 2022 | -43.6% | +11.3% | -6.7% |
| 2021 | -27.8% | -39.4% | +0.3% |
| 2020 | -2.3% | +29.4% | +4.4% |
| 2019 | +125.2% | -3.5% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1993 |
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 Presque Isle Historical & Genealogical 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, Presque Isle Historical & Genealogical 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization. This is highly favorable, as it means all operational funds are directed towards the organization's mission rather than executive salaries, especially for an organization with annual expenses typically under $75,000.
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 Presque Isle Historical & Genealogical Society's IRS 990 filings:
- Occasional operating deficits (e.g., 2022 and 2023) where expenses exceeded revenue, though covered by reserves.
Strengths
The following positive indicators were identified for Presque Isle Historical & Genealogical Society:
- Strong and stable asset base (consistently over $900,000).
- Zero reported officer compensation across all filings, indicating volunteer leadership and high efficiency.
- Minimal and decreasing liabilities, reaching $0 in the latest filing (2023).
- Consistent filing history over 13 periods, demonstrating transparency and compliance.
Frequently Asked Questions about Presque Isle Historical & Genealogical Society
Is Presque Isle Historical & Genealogical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Presque Isle Historical & Genealogical Society (EIN: 10463933) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Presque Isle Historical & Genealogical Society spend its money?
Presque Isle Historical & Genealogical Society directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Presque Isle Historical & Genealogical Society tax-deductible?
Presque Isle Historical & Genealogical Society is registered as a tax-exempt nonprofit (EIN: 10463933). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Presque Isle Historical & Genealogical Society CEO make?
Presque Isle Historical & Genealogical Society's highest-compensated officer earns $75,000. annually. The organization reported $34K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Presque Isle Historical & Genealogical Society's spending goes to programs?
Presque Isle Historical & Genealogical Society directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Presque Isle Historical & Genealogical Society located?
Presque Isle Historical & Genealogical Society is headquartered in Presque Isle, Maine and files with the IRS under EIN 10463933.
How many years of IRS 990 filings does Presque Isle Historical & Genealogical Society have?
Presque Isle Historical & Genealogical Society has 13 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 $34K in total revenue.
Is Presque Isle Historical & Genealogical Society a good charity?
Based on the available data, the society appears to be a good charity. It maintains a strong asset base (over $900,000), has minimal liabilities ($0 in 2023), and reports 0% officer compensation, indicating a volunteer-driven model. These factors suggest financial prudence and a strong commitment to its mission.
How does the organization manage its expenses relative to its revenue?
The organization's expenses have fluctuated, sometimes exceeding revenue (e.g., $58,181 expenses vs. $55,904 revenue in 2023; $50,984 expenses vs. $29,287 revenue in 2022), and sometimes falling below revenue (e.g., $45,793 expenses vs. $51,896 revenue in 2021). While there are periods of deficit, the substantial asset base suggests these are managed and do not threaten long-term solvency.
What is the trend in the organization's assets and liabilities?
The organization's assets have remained remarkably stable, consistently above $900,000, peaking at $979,593 in 2021. Liabilities have shown a positive trend, decreasing significantly from a high of $30,039 in 2017 to $0 in the latest 2023 filing, indicating excellent financial management of debt.
Does the organization rely heavily on fundraising for its operations?
Without a detailed breakdown of revenue sources, it's difficult to definitively say. However, given the relatively stable revenue figures and significant assets, it's likely that a combination of donations, grants, and potentially investment income from its assets supports its operations, rather than an over-reliance on aggressive fundraising.
Filing History
IRS 990 filing history for Presque Isle Historical & Genealogical Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Presque Isle Historical & Genealogical Society's revenue has grown by 76%, moving from $32K to $56K. Total assets increased by 8.9% over the same period, from $840K to $914K. Total functional expenses rose by 37%, from $42K to $58K. In its most recent filing year (2023), Presque Isle Historical & Genealogical Society reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $56K | $58K | $914K | $0 | — | — |
| 2022 | $29K | $51K | $914K | $17K | — | View 990 |
| 2021 | $52K | $46K | $980K | $17K | — | View 990 |
| 2020 | $72K | $76K | $977K | $21K | — | — |
| 2019 | $74K | $58K | $935K | $23K | — | View 990 |
| 2018 | $33K | $60K | $928K | $28K | — | View 990 |
| 2017 | $55K | $36K | $958K | $30K | — | View 990 |
| 2016 | $54K | $54K | $910K | $2K | — | View 990 |
| 2015 | $53K | $49K | $898K | $4K | — | View 990 |
| 2014 | $66K | $38K | $903K | $5K | — | View 990 |
| 2013 | $62K | $42K | $876K | $0 | — | View 990 |
| 2012 | $47K | $56K | $831K | $0 | — | View 990 |
| 2011 | $32K | $42K | $840K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56K, expenses of $58K, and assets of $914K (revenue +90.9% year-over-year).
- 2022: Revenue of $29K, expenses of $51K, and assets of $914K (revenue -43.6% year-over-year).
- 2021: Revenue of $52K, expenses of $46K, and assets of $980K (revenue -27.8% year-over-year).
- 2020: Revenue of $72K, expenses of $76K, and assets of $977K (revenue -2.3% year-over-year).
- 2019: Revenue of $74K, expenses of $58K, and assets of $935K (revenue +125.2% year-over-year).
- 2018: Revenue of $33K, expenses of $60K, and assets of $928K (revenue -41.1% year-over-year).
- 2017: Revenue of $55K, expenses of $36K, and assets of $958K (revenue +3.5% year-over-year).
- 2016: Revenue of $54K, expenses of $54K, and assets of $910K (revenue +1.0% year-over-year).
- 2015: Revenue of $53K, expenses of $49K, and assets of $898K (revenue -19.8% year-over-year).
- 2014: Revenue of $66K, expenses of $38K, and assets of $903K (revenue +6.3% year-over-year).
- 2013: Revenue of $62K, expenses of $42K, and assets of $876K (revenue +32.8% year-over-year).
- 2012: Revenue of $47K, expenses of $56K, and assets of $831K (revenue +47.5% year-over-year).
- 2011: Revenue of $32K, expenses of $42K, and assets of $840K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Presque Isle Historical & Genealogical Society:
Data Sources and Methodology
This transparency report for Presque Isle Historical & Genealogical 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.