Stockholm Historical Society Inc
Stockholm Historical Society shows asset growth and zero liabilities, with fluctuating revenue and no reported officer compensation.
EIN: 10356095 · Stockholm, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $75K |
| Total Expenses | $26K |
| Program Spending | 90% |
| Net Assets | $261K |
| Transparency Score | 85/100 |
Is Stockholm Historical Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Stockholm Historical Society Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stockholm Historical Society Inc
Stockholm Historical Society Inc (EIN: 10356095) is a nonprofit organization based in Stockholm, ME. The organization reported total revenue of $75K and total assets of $268K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stockholm Historical Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Stockholm Historical Society Inc is a micro nonprofit that has been operating for 48 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -46.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $26K |
| Surplus / Deficit | +$24K |
| Total Assets | $261K |
| Net Assets | $261K |
| Operating Margin | 47.4% |
| Months of Reserves | 119.9 months |
Financial Health Grade: A
In 2023, Stockholm Historical Society Inc reported a surplus of $24K with revenue exceeding expenses, holds 119.9 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Stockholm Historical Society Inc's revenue has declined at a compound annual growth rate (CAGR) of -46.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +128.4% | +46.0% | +9.9% |
| 2022 | -87.6% | +157.7% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Stockholm Historical Society Inc with a Mission Score of 85 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, Stockholm 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 $24K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all three available filings, indicating that its leadership is likely volunteer-based. This practice significantly reduces administrative overhead and allows more funds to be directed towards the organization's 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.
Red Flags
The following concerns were identified during AI analysis of Stockholm Historical Society Inc's IRS 990 filings:
- Significant revenue volatility (e.g., $174,844 in 2021 vs. $21,763 in 2022) could indicate reliance on inconsistent funding sources.
Strengths
The following positive indicators were identified for Stockholm Historical Society Inc:
- Consistent asset growth from $234,026 in 2021 to $261,420 in 2023.
- Zero liabilities reported across all three filings, indicating strong financial health.
- No officer compensation reported, suggesting a volunteer-driven leadership and efficient use of funds.
- Relatively low and stable expenses, demonstrating good cost control.
Frequently Asked Questions about Stockholm Historical Society Inc
Is Stockholm Historical Society Inc a legitimate charity?
Stockholm Historical Society Inc (EIN: 10356095) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 3 years of IRS 990 filings on record. Total revenue: $75K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Stockholm Historical Society Inc spend its money?
Stockholm Historical Society Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Stockholm Historical Society Inc tax-deductible?
Stockholm Historical Society Inc is registered as a tax-exempt nonprofit (EIN: 10356095). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Stockholm Historical Society Inc located?
Stockholm Historical Society Inc is headquartered in Stockholm, Maine and files with the IRS under EIN 10356095.
How many years of IRS 990 filings does Stockholm Historical Society Inc have?
Stockholm 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 $75K in total revenue.
Is Stockholm Historical Society Inc a good charity?
Based on the available data, the Stockholm Historical Society Inc appears to be a well-managed organization with strong financial stability (zero liabilities, growing assets) and a commitment to its mission, evidenced by no reported officer compensation. Its low expenses relative to revenue, particularly in 2021, suggest efficient operations. However, without detailed expense breakdowns, it's difficult to fully assess program impact.
How does the organization manage its expenses?
The organization has maintained relatively low expenses, ranging from $6,953 in 2021 to $26,161 in 2023. This suggests effective cost control. The absence of officer compensation further indicates a lean operational model, likely relying on volunteer efforts for leadership and administration.
What caused the significant revenue fluctuation between 2021 and 2022?
Revenue dropped sharply from $174,844 in 2021 to $21,763 in 2022. This significant fluctuation could be due to a large one-time donation or grant received in 2021 that was not repeated in 2022, or a change in fundraising strategy or economic conditions affecting donations. The filings do not provide specific details to pinpoint the exact cause.
Filing History
IRS 990 filing history for Stockholm Historical Society Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Stockholm Historical Society Inc's revenue has declined by 71.6%, moving from $175K to $50K. Total assets increased by 11.7% over the same period, from $234K to $261K. Total functional expenses rose by 276.3%, from $7K to $26K. In its most recent filing year (2023), Stockholm Historical Society Inc reported a surplus of $24K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $26K | $261K | $0 | — | View 990 |
| 2022 | $22K | $18K | $238K | $0 | — | View 990 |
| 2021 | $175K | $7K | $234K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $26K, and assets of $261K (revenue +128.4% year-over-year).
- 2022: Revenue of $22K, expenses of $18K, and assets of $238K (revenue -87.6% year-over-year).
- 2021: Revenue of $175K, expenses of $7K, and assets of $234K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Stockholm Historical Society Inc:
Data Sources and Methodology
This transparency report for Stockholm 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.