Somerset Humane Society
Somerset Humane Society shows strong asset growth and no executive compensation amidst fluctuating revenues.
EIN: 10357595 · Skowhegan, ME · NTEE: D200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $985K |
| Total Expenses | $460K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.2M |
| Transparency Score | 92/100 |
Is Somerset Humane Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Somerset Humane Society directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Somerset Humane Society
Somerset Humane Society (EIN: 10357595) is a nonprofit organization based in Skowhegan, ME, classified under NTEE code D200. The organization reported total revenue of $985K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somerset Humane Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Somerset Humane Society is a small nonprofit that has been operating for 41 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $467K |
| Total Expenses | $460K |
| Surplus / Deficit | +$6K |
| Total Assets | $2.2M |
| Net Assets | $2.2M |
| Operating Margin | 1.4% |
| Months of Reserves | 57.2 months |
Financial Health Grade: A
In 2023, Somerset Humane Society reported a surplus of $6K with revenue exceeding expenses, holds 57.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Somerset Humane Society's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -73.5% | +13.1% | +0.6% |
| 2022 | +460.0% | +40.4% | +78.7% |
| 2021 | -4.1% | -14.5% | +2.1% |
| 2020 | +9.7% | +26.2% | -1.0% |
| 2019 | +40.7% | +8.6% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Somerset Humane Society with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Somerset Humane Society allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $6K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with assets exceeding $2 million.
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 Somerset Humane Society's IRS 990 filings:
- Significant revenue volatility, with a spike in 2022 ($1,764,067) followed by a drop in 2023 ($466,672), which could indicate reliance on unpredictable funding sources.
Strengths
The following positive indicators were identified for Somerset Humane Society:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and direct allocation of funds to mission.
- Strong asset growth, increasing from $1,221,107 in 2021 to $2,194,513 in 2023, demonstrating robust financial health.
- Low to no liabilities reported in recent years, with $0 in 2023, indicating excellent financial management.
- Consistent filing of IRS Form 990s, demonstrating good transparency.
- Expenses consistently managed within or close to revenue, showing fiscal responsibility.
Frequently Asked Questions about Somerset Humane Society
Is Somerset Humane Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Somerset Humane Society (EIN: 10357595) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Somerset Humane Society spend its money?
Somerset Humane Society directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Somerset Humane Society tax-deductible?
Somerset Humane Society is registered as a tax-exempt nonprofit (EIN: 10357595). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Somerset Humane Society CEO make?
Somerset Humane Society's highest-compensated officer earns $2 annually. The organization reported $985K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Somerset Humane Society's spending goes to programs?
Somerset Humane Society directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Somerset Humane Society compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Somerset Humane Society is above average for NTEE category D200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Somerset Humane Society located?
Somerset Humane Society is headquartered in Skowhegan, Maine and files with the IRS under EIN 10357595. It is classified under NTEE code D200.
How many years of IRS 990 filings does Somerset Humane Society have?
Somerset Humane Society has 14 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 $985K in total revenue.
Is Somerset Humane Society a good charity?
Based on the available data, Somerset Humane Society appears to be a very good charity. It demonstrates strong financial health with growing assets, consistently covers its expenses, and notably reports 0% officer compensation, indicating that all funds are directed towards its mission.
How does Somerset Humane Society manage its expenses?
The organization consistently manages its expenses effectively, with expenses of $460,199 against revenues of $466,672 in 2023. It has also shown periods where expenses slightly exceeded revenue, such as in 2020 ($339,110 expenses vs $328,592 revenue), but overall maintains a healthy financial balance.
What caused the large revenue spike in 2022?
The revenue spike to $1,764,067 in 2022, significantly higher than other years, suggests a large one-time event such as a major donation, bequest, or capital campaign. This is a positive event but also highlights potential reliance on unpredictable funding.
How has the organization's asset base changed over time?
The organization's assets have shown significant growth, particularly in recent years, increasing from $1,221,107 in 2021 to $2,194,513 in 2023, and reaching $2,600,246 in the latest reported period. This indicates strong financial stewardship and accumulation of resources.
Filing History
IRS 990 filing history for Somerset Humane Society showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Somerset Humane Society's revenue has grown by 147.3%, moving from $189K to $467K. Total assets increased by 103.8% over the same period, from $1.1M to $2.2M. Total functional expenses rose by 166.7%, from $173K to $460K. In its most recent filing year (2023), Somerset Humane Society reported a surplus of $6K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $467K | $460K | $2.2M | $0 | — | View 990 |
| 2022 | $1.8M | $407K | $2.2M | $8K | — | View 990 |
| 2021 | $315K | $290K | $1.2M | $4K | — | View 990 |
| 2020 | $329K | $339K | $1.2M | $4K | — | — |
| 2019 | $299K | $269K | $1.2M | $5K | — | View 990 |
| 2018 | $213K | $247K | $1.2M | $9K | — | View 990 |
| 2017 | $214K | $208K | $1.2M | $3K | — | View 990 |
| 2016 | $169K | $170K | $1.2M | $2K | — | View 990 |
| 2015 | $153K | $159K | $1.2M | $3K | — | View 990 |
| 2014 | $146K | $179K | $1.2M | $2K | — | View 990 |
| 2013 | $164K | $169K | $1.2M | $3K | — | View 990 |
| 2012 | $156K | $153K | $1.2M | $2K | — | View 990 |
| 2011 | $329K | $167K | $1.2M | $2K | — | View 990 |
| 2010 | $189K | $173K | $1.1M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $467K, expenses of $460K, and assets of $2.2M (revenue -73.5% year-over-year).
- 2022: Revenue of $1.8M, expenses of $407K, and assets of $2.2M (revenue +460.0% year-over-year).
- 2021: Revenue of $315K, expenses of $290K, and assets of $1.2M (revenue -4.1% year-over-year).
- 2020: Revenue of $329K, expenses of $339K, and assets of $1.2M (revenue +9.7% year-over-year).
- 2019: Revenue of $299K, expenses of $269K, and assets of $1.2M (revenue +40.7% year-over-year).
- 2018: Revenue of $213K, expenses of $247K, and assets of $1.2M (revenue -0.4% year-over-year).
- 2017: Revenue of $214K, expenses of $208K, and assets of $1.2M (revenue +26.3% year-over-year).
- 2016: Revenue of $169K, expenses of $170K, and assets of $1.2M (revenue +10.3% year-over-year).
- 2015: Revenue of $153K, expenses of $159K, and assets of $1.2M (revenue +4.9% year-over-year).
- 2014: Revenue of $146K, expenses of $179K, and assets of $1.2M (revenue -10.9% year-over-year).
- 2013: Revenue of $164K, expenses of $169K, and assets of $1.2M (revenue +5.5% year-over-year).
- 2012: Revenue of $156K, expenses of $153K, and assets of $1.2M (revenue -52.8% year-over-year).
- 2011: Revenue of $329K, expenses of $167K, and assets of $1.2M (revenue +74.6% year-over-year).
- 2010: Revenue of $189K, expenses of $173K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Somerset Humane Society:
Data Sources and Methodology
This transparency report for Somerset Humane 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.