Rockland Historical Society
Rockland Historical Society shows volatile financial performance with a significant deficit in 2017.
EIN: 10353697 · Rockland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $320K |
| Program Spending | 70% |
| Net Assets | $49K |
| Transparency Score | 65/100 |
Is Rockland Historical Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rockland Historical Society directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Rockland Historical Society
Rockland Historical Society (EIN: 10353697) is a nonprofit organization based in Rockland, ME. 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 Rockland Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rockland Historical Society is a micro nonprofit that has been operating for 48 years, with 3 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 23.6%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $55K |
| Total Expenses | $320K |
| Surplus / Deficit | $-265,182 |
| Total Assets | $49K |
| Total Liabilities | $159 |
| Net Assets | $49K |
| Operating Margin | -484.5% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 1.8 months |
Financial Health Grade: C
In 2017, Rockland Historical Society reported a deficit of $265K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 3 years of filings (2011–2017), Rockland Historical Society's revenue has grown at a compound annual growth rate (CAGR) of 23.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -83.3% | +844.5% | -84.4% |
| 2016 | +2030.5% | +75.9% | +105.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Rockland Historical Society with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Rockland Historical Society allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $265K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, indicating that no salaries were paid to officers, which is commendable for a nonprofit 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.
Red Flags
The following concerns were identified during AI analysis of Rockland Historical Society's IRS 990 filings:
- Significant deficit in 2017 (expenses $319,917 vs. revenue $54,735)
- Extreme volatility in annual revenue and expenses
- Substantial decrease in assets from $314,288 in 2016 to $48,909 in 2017
Strengths
The following positive indicators were identified for Rockland Historical Society:
- 0% officer compensation reported across all filings
- Strong revenue generation in 2016 ($326,825)
Frequently Asked Questions about Rockland Historical Society
Is Rockland Historical Society a legitimate charity?
Rockland Historical Society (EIN: 10353697) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 3 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Rockland Historical Society spend its money?
Rockland Historical Society directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Rockland Historical Society tax-deductible?
Rockland Historical Society is registered as a tax-exempt nonprofit (EIN: 10353697). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rockland Historical Society's spending goes to programs?
Rockland Historical Society directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Rockland Historical Society located?
Rockland Historical Society is headquartered in Rockland, Maine and files with the IRS under EIN 10353697.
How many years of IRS 990 filings does Rockland Historical Society have?
Rockland Historical Society has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Rockland Historical Society financially stable?
The organization's financial stability is questionable given the extreme fluctuations in revenue and expenses, particularly the large deficit in 2017 where expenses ($319,917) far exceeded revenue ($54,735).
What caused the significant increase in expenses in 2017?
The provided data does not specify the nature of the $319,917 in expenses in 2017, making it difficult to determine if it was for program expansion, administrative costs, or other factors.
How does the organization fund its operations given the revenue volatility?
The organization appears to rely on inconsistent revenue streams, with a large influx in 2016 ($326,825) potentially covering prior or future deficits, but the 2017 deficit suggests a need for more stable funding.
Filing History
IRS 990 filing history for Rockland Historical Society showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2011–2017), Rockland Historical Society's revenue has grown by 256.8%, moving from $15K to $55K. Total assets decreased by 68.1% over the same period, from $153K to $49K. Total functional expenses rose by 1561%, from $19K to $320K. In its most recent filing year (2017), Rockland Historical Society reported a deficit of $265K, with expenses exceeding revenue. The organization holds $159 in liabilities against $49K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $49K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $55K | $320K | $49K | $159 | — | View 990 |
| 2016 | $327K | $34K | $314K | $356 | — | View 990 |
| 2011 | $15K | $19K | $153K | $61 | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $55K, expenses of $320K, and assets of $49K (revenue -83.3% year-over-year).
- 2016: Revenue of $327K, expenses of $34K, and assets of $314K (revenue +2030.5% year-over-year).
- 2011: Revenue of $15K, expenses of $19K, and assets of $153K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rockland Historical Society:
Data Sources and Methodology
This transparency report for Rockland 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.