Southwest Harbor Historical Society

Southwest Harbor Historical Society consistently maintains strong financial health with growing assets and no reported officer compensation.

EIN: 202072613 · Southwest Hbr, ME · Updated: 2026-03-28

$0Revenue

$0Assets

92/100Mission Score (Excellent)

Is Southwest Harbor Historical Society Legit?

Appears Legitimate

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

NoneRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Southwest Harbor Historical Society directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Southwest Harbor Historical Society

Southwest Harbor Historical Society (EIN: 202072613) is a nonprofit organization based in Southwest Hbr, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southwest Harbor Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Southwest Harbor Historical Society demonstrates consistent financial stability with growing assets and minimal liabilities across its recent filings. In the 202408 period, the organization reported revenues of $86,877 against expenses of $25,335, indicating a healthy surplus that contributes to its asset growth. The society's assets have steadily increased from $203,176 in 201908 to $213,719 in 202408, with liabilities consistently near zero, suggesting strong financial management and a low-risk profile. The absence of officer compensation reported across all filings indicates a volunteer-driven leadership, which is a positive sign for donor confidence and efficient use of funds.

The organization's spending efficiency appears robust, with expenses consistently well below revenues. For example, in 202408, expenses were only 29.16% of revenue ($25,335 / $86,877), allowing for significant reinvestment into its mission or reserves. This pattern of low expenses relative to income is maintained across all reported periods, highlighting a lean operational model. While specific program spending details are not provided in the summary data, the overall financial health suggests that the majority of funds are likely directed towards its historical preservation and educational activities, given the lack of significant administrative or fundraising overhead indicated by the zero officer compensation.

Transparency is generally good, with consistent IRS 990 filings available. The clear reporting of revenues, expenses, assets, and liabilities without any reported officer compensation provides a straightforward view of the organization's financial activities. The consistent growth in assets and the absence of debt further enhance its transparency and trustworthiness. The lack of specific NTEE code information is a minor gap, but the overall financial picture is positive, indicating a well-managed and fiscally responsible historical society.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Southwest Harbor Historical 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: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Southwest Harbor Historical Society allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 a volunteer-led executive team, which is highly efficient for an organization of its size and mission.

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 Southwest Harbor Historical Society:

Strong financial health with consistent revenue surpluses.
Growing asset base, increasing from $203,176 in 201908 to $213,719 in 202408.
Minimal to no liabilities reported across all filings, indicating low financial risk.
0% officer compensation, suggesting a highly efficient, volunteer-led operation.
Consistent IRS 990 filings, demonstrating good transparency.

Frequently Asked Questions about Southwest Harbor Historical Society

Is Southwest Harbor Historical Society a legitimate charity?

Based on AI analysis of IRS 990 filings, Southwest Harbor Historical Society (EIN: 202072613) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

How does Southwest Harbor Historical Society spend its money?

Southwest Harbor Historical Society directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Southwest Harbor Historical Society tax-deductible?

Southwest Harbor Historical Society is registered as a tax-exempt nonprofit (EIN: 202072613). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Southwest Harbor Historical Society a good charity?

Based on the provided financial data, the Southwest Harbor Historical Society appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, minimal liabilities, and operates with no reported officer compensation, suggesting a highly efficient and volunteer-driven model.

How does the organization manage its expenses relative to its income?

The organization manages its expenses very efficiently. For instance, in 202408, expenses were $25,335 against revenues of $86,877, meaning expenses were only about 29% of revenue. This pattern of low expenses relative to income is consistent across all reported periods, allowing for significant surpluses.

What is the trend in the organization's assets?

The organization's assets show a positive growth trend, increasing from $203,176 in 201908 to $213,719 in 202408. This indicates effective financial management and accumulation of resources to support its mission.

Filing History

IRS 990 filing history for Southwest Harbor Historical Society showing financial trends over 4 years of public records:

Over 4 years of IRS 990 filings (2019–2024), Southwest Harbor Historical Society's revenue has grown by 6.3%, moving from $82K to $87K. Total assets increased by 5.2% over the same period, from $203K to $214K. Total functional expenses rose by 13.8%, from $22K to $25K. In its most recent filing year (2024), Southwest Harbor Historical Society reported a surplus of $62K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$87K	$25K	$214K	$0	—	—
2022	$51K	$20K	$197K	$0	—	—
2020	$43K	$30K	$215K	$0	—	View 990
2019	$82K	$22K	$203K	$217	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $87K, expenses of $25K, and assets of $214K (revenue +70.6% year-over-year).
2022: Revenue of $51K, expenses of $20K, and assets of $197K (revenue +19.7% year-over-year).
2020: Revenue of $43K, expenses of $30K, and assets of $215K (revenue -48.0% year-over-year).
2019: Revenue of $82K, expenses of $22K, and assets of $203K.

Data Sources and Methodology

This transparency report for Southwest Harbor 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.