Ruggles House Society
Ruggles House Society maintains strong asset base and zero liabilities with volunteer leadership.
EIN: 10246546 · Columbia Fls, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $74K |
| Total Expenses | $45K |
| Program Spending | 90% |
| Net Assets | $1.5M |
| Transparency Score | 95/100 |
Is Ruggles House Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ruggles House Society directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ruggles House Society
Ruggles House Society (EIN: 10246546) is a nonprofit organization based in Columbia Fls, ME. The organization reported total revenue of $74K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ruggles House Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ruggles House Society is a micro nonprofit that has been operating for 76 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $45K |
| Surplus / Deficit | +$12K |
| Total Assets | $1.5M |
| Net Assets | $1.5M |
| Operating Margin | 20.4% |
| Months of Reserves | 394.9 months |
Financial Health Grade: A
In 2024, Ruggles House Society reported a surplus of $12K with revenue exceeding expenses, holds 394.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Ruggles House Society's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +51.4% | +1.9% | +5.7% |
| 2023 | -32.7% | +16.9% | +2.4% |
| 2022 | -69.4% | +63.8% | -4.8% |
| 2021 | +1014.8% | -46.8% | +12.4% |
| 2020 | -71.1% | +39.2% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1950 |
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 Ruggles House Society with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Ruggles House Society allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is likely run by volunteers, which significantly reduces administrative overhead.
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 Ruggles House Society's IRS 990 filings:
- Highly fluctuating annual revenue, which could impact long-term planning if not managed with sufficient reserves.
Strengths
The following positive indicators were identified for Ruggles House Society:
- Consistently zero liabilities, indicating excellent financial health and no debt.
- Strong and growing asset base, reaching $1,592,149 in the latest filing.
- 0% officer compensation across all reported periods, suggesting a highly efficient, volunteer-led model.
- Expenses generally well-managed relative to revenue, contributing to asset growth.
- Consistent IRS 990 filings demonstrate strong transparency.
Frequently Asked Questions about Ruggles House Society
Is Ruggles House Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Ruggles House Society (EIN: 10246546) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Ruggles House Society spend its money?
Ruggles House Society directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ruggles House Society tax-deductible?
Ruggles House Society is registered as a tax-exempt nonprofit (EIN: 10246546). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ruggles House Society located?
Ruggles House Society is headquartered in Columbia Fls, Maine and files with the IRS under EIN 10246546.
How many years of IRS 990 filings does Ruggles House Society have?
Ruggles House 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 $74K in total revenue.
Is Ruggles House Society a good charity?
Based on the financial data, Ruggles House Society appears to be a very good charity. It maintains a strong asset base ($1,592,149), has zero liabilities, and operates with 0% officer compensation, suggesting high efficiency and a volunteer-driven model.
How does Ruggles House Society manage its finances?
The organization manages its finances very conservatively, consistently maintaining zero liabilities and growing its assets over time. Expenses are generally kept in check, and the absence of officer compensation indicates a highly efficient, volunteer-led operation.
What is the trend in Ruggles House Society's revenue?
Revenue for Ruggles House Society has been highly variable, ranging from a low of $16,406 in 2020 to a high of $182,887 in 2021. Despite these fluctuations, the organization has consistently grown its asset base.
Filing History
IRS 990 filing history for Ruggles House Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Ruggles House Society's revenue has grown by 65%, moving from $35K to $57K. Total assets increased by 31.6% over the same period, from $1.1M to $1.5M. Total functional expenses rose by 18.8%, from $38K to $45K. In its most recent filing year (2024), Ruggles House Society reported a surplus of $12K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $57K | $45K | $1.5M | $0 | — | — |
| 2023 | $38K | $45K | $1.4M | $0 | — | — |
| 2022 | $56K | $38K | $1.4M | $0 | — | View 990 |
| 2021 | $183K | $23K | $1.4M | $0 | — | — |
| 2020 | $16K | $44K | $1.3M | $0 | — | View 990 |
| 2019 | $57K | $31K | $1.3M | $0 | — | View 990 |
| 2018 | $80K | $41K | $1.3M | $0 | — | View 990 |
| 2017 | $67K | $43K | $1.3M | $0 | — | View 990 |
| 2016 | $36K | $36K | $1.2M | $0 | — | View 990 |
| 2015 | $59K | $50K | $1.2M | $0 | — | View 990 |
| 2014 | $71K | $40K | $1.2M | $0 | — | View 990 |
| 2013 | $129K | $36K | $1.2M | $0 | — | View 990 |
| 2012 | $35K | $38K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $57K, expenses of $45K, and assets of $1.5M (revenue +51.4% year-over-year).
- 2023: Revenue of $38K, expenses of $45K, and assets of $1.4M (revenue -32.7% year-over-year).
- 2022: Revenue of $56K, expenses of $38K, and assets of $1.4M (revenue -69.4% year-over-year).
- 2021: Revenue of $183K, expenses of $23K, and assets of $1.4M (revenue +1014.8% year-over-year).
- 2020: Revenue of $16K, expenses of $44K, and assets of $1.3M (revenue -71.1% year-over-year).
- 2019: Revenue of $57K, expenses of $31K, and assets of $1.3M (revenue -29.2% year-over-year).
- 2018: Revenue of $80K, expenses of $41K, and assets of $1.3M (revenue +20.2% year-over-year).
- 2017: Revenue of $67K, expenses of $43K, and assets of $1.3M (revenue +86.9% year-over-year).
- 2016: Revenue of $36K, expenses of $36K, and assets of $1.2M (revenue -39.3% year-over-year).
- 2015: Revenue of $59K, expenses of $50K, and assets of $1.2M (revenue -17.1% year-over-year).
- 2014: Revenue of $71K, expenses of $40K, and assets of $1.2M (revenue -45.2% year-over-year).
- 2013: Revenue of $129K, expenses of $36K, and assets of $1.2M (revenue +274.6% year-over-year).
- 2012: Revenue of $35K, expenses of $38K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ruggles House Society:
Data Sources and Methodology
This transparency report for Ruggles House 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.