Somerset County Historical Trust Incorporated
EIN: 521515095 · Princess Anne, MD
| Metric | Value |
|---|---|
| Total Revenue | $108K |
| Total Expenses | $24K |
| Net Assets | $202K |
Is Somerset County Historical Trust Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Somerset County Historical Trust Incorporated
Somerset County Historical Trust Incorporated (EIN: 521515095) is a nonprofit organization based in Princess Anne, MD. The organization reported total revenue of $108K and total assets of $168K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somerset County Historical Trust Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Somerset County Historical Trust Incorporated is a small nonprofit that has been operating for 39 years, with 5 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $66K |
| Total Expenses | $24K |
| Surplus / Deficit | +$42K |
| Total Assets | $202K |
| Net Assets | $202K |
| Operating Margin | 63.5% |
| Months of Reserves | 100.9 months |
Financial Health Grade: A
In 2023, Somerset County Historical Trust Incorporated reported a surplus of $42K with revenue exceeding expenses, holds 100.9 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2010–2023), Somerset County Historical Trust Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +97.3% | +1136.7% | +19.9% |
| 2019 | -192.5% | -58.2% | -48.9% |
| 2018 | +141.7% | +168.0% | -10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Somerset County Historical Trust Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Somerset County Historical Trust Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $42K, with revenue exceeding expenses.
Frequently Asked Questions about Somerset County Historical Trust Incorporated
Is Somerset County Historical Trust Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Somerset County Historical Trust Incorporated (EIN: 521515095) insufficient data. 0 red flags identified, 0 strengths noted.
How does Somerset County Historical Trust Incorporated spend its money?
Detailed spending breakdown data is not yet available for Somerset County Historical Trust Incorporated. Check back for updated IRS 990 analysis.
Are donations to Somerset County Historical Trust Incorporated tax-deductible?
Somerset County Historical Trust Incorporated is registered as a tax-exempt nonprofit (EIN: 521515095). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Somerset County Historical Trust Incorporated located?
Somerset County Historical Trust Incorporated is headquartered in Princess Anne, Maryland and files with the IRS under EIN 521515095.
How many years of IRS 990 filings does Somerset County Historical Trust Incorporated have?
Somerset County Historical Trust Incorporated has 5 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 $108K in total revenue.
Filing History
IRS 990 filing history for Somerset County Historical Trust Incorporated showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2010–2023), Somerset County Historical Trust Incorporated's revenue has grown by 74.3%, moving from $38K to $66K. Total assets decreased by 32.9% over the same period, from $301K to $202K. Total functional expenses fell by 42.8%, from $42K to $24K. In its most recent filing year (2023), Somerset County Historical Trust Incorporated reported a surplus of $42K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $66K | $24K | $202K | $0 | — | View 990 |
| 2020 | $33K | $2K | $168K | $0 | — | View 990 |
| 2019 | $-84,200 | $47K | $137K | $0 | — | View 990 |
| 2018 | $91K | $112K | $268K | $0 | — | View 990 |
| 2010 | $38K | $42K | $301K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $66K, expenses of $24K, and assets of $202K (revenue +97.3% year-over-year).
- 2020: Revenue of $33K, expenses of $2K, and assets of $168K.
- 2019: Revenue of $-84,200, expenses of $47K, and assets of $137K (revenue -192.5% year-over-year).
- 2018: Revenue of $91K, expenses of $112K, and assets of $268K (revenue +141.7% year-over-year).
- 2010: Revenue of $38K, expenses of $42K, and assets of $301K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Somerset County Historical Trust Incorporated:
Data Sources and Methodology
This transparency report for Somerset County Historical Trust Incorporated 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.