Scarborough Historical Society Inc
Scarborough Historical Society shows strong asset growth and zero officer compensation amidst fluctuating revenues.
EIN: 16013181 · Scarborough, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $964K |
| Total Expenses | $49K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.6M |
| Transparency Score | 90/100 |
Is Scarborough Historical Society Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Scarborough Historical Society Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Scarborough Historical Society Inc
Scarborough Historical Society Inc (EIN: 16013181) is a nonprofit organization based in Scarborough, ME. The organization reported total revenue of $964K and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scarborough Historical Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scarborough Historical Society Inc is a small nonprofit that has been operating for 55 years, with 3 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 26.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $129K |
| Total Expenses | $49K |
| Surplus / Deficit | +$81K |
| Total Assets | $4.6M |
| Net Assets | $4.6M |
| Operating Margin | 62.5% |
| Months of Reserves | 1130.8 months |
Financial Health Grade: A
In 2023, Scarborough Historical Society Inc reported a surplus of $81K with revenue exceeding expenses, holds 1130.8 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2012–2023), Scarborough Historical Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -96.3% | -32.3% | +7.2% |
| 2023 | +37302.8% | +681.0% | +2308.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
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 Scarborough Historical Society Inc with a Mission Score of 90 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, Scarborough Historical Society Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $81K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly commendable for an organization of its size with nearly $5 million in assets.
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 Scarborough Historical Society Inc:
- Significant asset growth from $177,006 in 2012 to $4,911,270 currently.
- Consistent reporting of 0% officer compensation across all filings.
- Very low and stable expenses relative to revenue and assets, indicating efficient operations.
- No reported liabilities, demonstrating strong financial stability.
- High program spending efficiency, with expenses consistently well below revenue.
Frequently Asked Questions about Scarborough Historical Society Inc
Is Scarborough Historical Society Inc a legitimate charity?
Scarborough Historical Society Inc (EIN: 16013181) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 3 years of IRS 990 filings on record. Total revenue: $964K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Scarborough Historical Society Inc spend its money?
Scarborough Historical Society Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Scarborough Historical Society Inc tax-deductible?
Scarborough Historical Society Inc is registered as a tax-exempt nonprofit (EIN: 16013181). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Scarborough Historical Society Inc CEO make?
Scarborough Historical Society Inc's highest-compensated officer earns $5 annually. The organization reported $964K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Scarborough Historical Society Inc located?
Scarborough Historical Society Inc is headquartered in Scarborough, Maine and files with the IRS under EIN 16013181.
How many years of IRS 990 filings does Scarborough Historical Society Inc have?
Scarborough Historical Society Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $964K in total revenue.
Is Scarborough Historical Society Inc a good charity?
Based on the available IRS 990 data, Scarborough Historical Society Inc appears to be a good charity. They demonstrate strong financial health with significant asset growth, very low expenses relative to assets and revenue, and a commendable 0% officer compensation, indicating a high dedication to their mission.
How does the organization manage its expenses?
The organization manages its expenses very efficiently. For example, in the 202312 period, with revenue of $129,358, expenses were only $48,500. Similarly, in the 202303 period, expenses were $71,630 against a much larger revenue of $3,531,947, suggesting a lean operational structure.
What caused the large revenue spike in 202303?
The IRS 990 data shows a revenue spike to $3,531,947 in the 202303 period. While the specific source isn't detailed in this summary, such a significant increase often indicates a major capital campaign, a large one-time donation, or a substantial grant.
Filing History
IRS 990 filing history for Scarborough Historical Society Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2012–2023), Scarborough Historical Society Inc's revenue has grown by 1269.9%, moving from $9K to $129K. Total assets increased by 2482.1% over the same period, from $177K to $4.6M. Total functional expenses rose by 428.8%, from $9K to $49K. In its most recent filing year (2023), Scarborough Historical Society Inc reported a surplus of $81K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $129K | $49K | $4.6M | $0 | — | View 990 |
| 2023 | $3.5M | $72K | $4.3M | $0 | — | View 990 |
| 2012 | $9K | $9K | $177K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $129K, expenses of $49K, and assets of $4.6M (revenue -96.3% year-over-year).
- 2023: Revenue of $3.5M, expenses of $72K, and assets of $4.3M (revenue +37302.8% year-over-year).
- 2012: Revenue of $9K, expenses of $9K, and assets of $177K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scarborough Historical Society Inc:
Data Sources and Methodology
This transparency report for Scarborough Historical Society Inc 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.