Sanford Springvale Historical Society
Sanford Springvale Historical Society shows exceptional asset growth and financial stability with minimal expenses and no officer compensation.
EIN: 203171828 · Springvale, ME · NTEE: A54 · Updated: 2026-03-28
Is Sanford Springvale Historical Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sanford Springvale Historical Society directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sanford Springvale Historical Society
Sanford Springvale Historical Society (EIN: 203171828) is a nonprofit organization based in Springvale, ME, classified under NTEE code A54. The organization reported total revenue of $148K and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sanford Springvale Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sanford Springvale Historical 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, Sanford Springvale Historical 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.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size and asset base.
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 Sanford Springvale Historical Society's IRS 990 filings:
- Significant revenue volatility without detailed explanation in provided data
Strengths
The following positive indicators were identified for Sanford Springvale Historical Society:
- Exceptional asset growth, reaching $6,153,834 in 202406
- Consistently low expenses relative to revenue, indicating high efficiency
- Zero officer compensation, demonstrating volunteer-driven leadership
- Zero liabilities reported in recent periods, indicating strong financial stability
- Strong program focus implied by low overall expenses and no fundraising costs
Frequently Asked Questions about Sanford Springvale Historical Society
Is Sanford Springvale Historical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Sanford Springvale Historical Society (EIN: 203171828) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Sanford Springvale Historical Society spend its money?
Sanford Springvale Historical Society directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sanford Springvale Historical Society tax-deductible?
Sanford Springvale Historical Society is registered as a tax-exempt nonprofit (EIN: 203171828). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sanford Springvale Historical Society a good charity?
Based on its financial data, the Sanford Springvale Historical Society appears to be a very well-managed and financially healthy organization. Its consistent asset growth, minimal expenses relative to revenue, and zero officer compensation are strong indicators of efficiency and dedication to its mission.
How does the organization manage its expenses?
The organization consistently maintains very low expenses relative to its revenue. For example, in 202406, expenses were only $67,350 against $3,734,130 in revenue. This suggests highly efficient operations, potentially relying heavily on volunteer efforts and careful resource allocation.
What is the source of the significant revenue spikes?
The revenue figures show significant fluctuations, with a notable spike to $3,734,130 in 202406 and $878,614 in 202306. While the filings don't detail the exact sources, such large increases often come from major grants, bequests, or successful investment activities, rather than typical program service fees for a historical society.
Are there any concerns about the organization's liabilities?
No, the organization consistently reports $0 in liabilities for all recent periods, indicating an extremely strong balance sheet and no apparent debt burden, which is a significant financial strength.
Filing History
IRS 990 filing history for Sanford Springvale Historical Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Sanford Springvale Historical Society's revenue has grown by 8858%, moving from $42K to $3.7M. Total assets increased by 841.7% over the same period, from $654K to $6.2M. Total functional expenses rose by 51.6%, from $44K to $67K. In its most recent filing year (2024), Sanford Springvale Historical Society reported a surplus of $3.7M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $3.7M | $67K | $6.2M | $0 | — | View 990 |
| 2023 | $879K | $104K | $2.0M | $0 | — | View 990 |
| 2022 | $306K | $63K | $1.1M | $0 | — | View 990 |
| 2021 | $82K | $57K | $934K | $0 | — | View 990 |
| 2020 | $106K | $51K | $895K | $0 | — | View 990 |
| 2019 | $51K | $56K | $825K | $0 | — | View 990 |
| 2018 | $76K | $62K | $830K | $0 | — | View 990 |
| 2017 | $35K | $67K | $811K | $0 | — | View 990 |
| 2016 | $68K | $82K | $815K | $0 | — | View 990 |
| 2015 | $255K | $61K | $905K | $76K | — | View 990 |
| 2014 | $56K | $75K | $715K | $80K | — | View 990 |
| 2013 | $37K | $38K | $653K | $0 | — | View 990 |
| 2012 | $42K | $44K | $654K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.7M, expenses of $67K, and assets of $6.2M (revenue +325.0% year-over-year).
- 2023: Revenue of $879K, expenses of $104K, and assets of $2.0M (revenue +187.5% year-over-year).
- 2022: Revenue of $306K, expenses of $63K, and assets of $1.1M (revenue +272.2% year-over-year).
- 2021: Revenue of $82K, expenses of $57K, and assets of $934K (revenue -22.6% year-over-year).
- 2020: Revenue of $106K, expenses of $51K, and assets of $895K (revenue +108.9% year-over-year).
- 2019: Revenue of $51K, expenses of $56K, and assets of $825K (revenue -33.1% year-over-year).
- 2018: Revenue of $76K, expenses of $62K, and assets of $830K (revenue +115.0% year-over-year).
- 2017: Revenue of $35K, expenses of $67K, and assets of $811K (revenue -48.3% year-over-year).
- 2016: Revenue of $68K, expenses of $82K, and assets of $815K (revenue -73.3% year-over-year).
- 2015: Revenue of $255K, expenses of $61K, and assets of $905K (revenue +354.1% year-over-year).
- 2014: Revenue of $56K, expenses of $75K, and assets of $715K (revenue +50.9% year-over-year).
- 2013: Revenue of $37K, expenses of $38K, and assets of $653K (revenue -10.7% year-over-year).
- 2012: Revenue of $42K, expenses of $44K, and assets of $654K.
Data Sources and Methodology
This transparency report for Sanford Springvale 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.