Summit Historical Society
Summit Historical Society faces severe revenue decline, operating on $5 revenue against $3,883 expenses in 2018.
EIN: 208778444 · Summit, MS · NTEE: A80 · Updated: 2026-03-28
Is Summit Historical Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Summit Historical Society directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Summit Historical Society
Summit Historical Society (EIN: 208778444) is a nonprofit organization based in Summit, MS, classified under NTEE code A80. The organization reported total revenue of $5 and total assets of $149K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summit Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Summit Historical Society with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Summit Historical Society allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization and efficient use of funds in this area, especially given its small revenue base.
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 Summit Historical Society's IRS 990 filings:
- Severe and consistent decline in annual revenue (from $43,631 in 2013 to $5 in 2018).
- Expenses consistently and significantly exceed revenue, indicating unsustainable operations (e.g., $3,883 expenses vs. $5 revenue in 2018).
- Potential reliance on asset depletion to cover operational costs, as assets have decreased from $168,955 in 2015 to $148,859 in 2018.
Strengths
The following positive indicators were identified for Summit Historical Society:
- Consistent reporting of 0% officer compensation, indicating a volunteer-led structure and efficient use of funds in this area.
- Maintains a healthy asset base ($148,859 in 2018) with no reported liabilities, providing some financial cushion.
- Consistent filing of IRS 990 forms, demonstrating basic transparency.
Frequently Asked Questions about Summit Historical Society
Is Summit Historical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Summit Historical Society (EIN: 208778444) some concerns. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
How does Summit Historical Society spend its money?
Summit Historical Society directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Summit Historical Society tax-deductible?
Summit Historical Society is registered as a tax-exempt nonprofit (EIN: 208778444). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Summit Historical Society financially sustainable given its declining revenue?
The organization's revenue has plummeted from $43,631 in 2013 to just $5 in 2018, while expenses, though also declining, still significantly outpace revenue (e.g., $3,883 in expenses vs. $5 revenue in 2018). This trend raises serious concerns about its long-term financial sustainability.
How is the organization covering its expenses with such low revenue?
With assets of $148,859 and no liabilities in 2018, it appears the organization is drawing down on its reserves to cover operational expenses, as evidenced by the asset decrease from $168,955 in 2015 to $148,859 in 2018.
What is the reason for the drastic drop in revenue?
The IRS 990 data alone does not specify the exact reasons for the revenue decline, but it is a consistent and severe trend, falling from $28,766 in 2014 to $5 in 2018.
Filing History
IRS 990 filing history for Summit Historical Society showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Summit Historical Society's revenue has declined by 100%, moving from $26K to $5. Total assets increased by 51.4% over the same period, from $98K to $149K. Total functional expenses fell by 55.3%, from $9K to $4K. In its most recent filing year (2018), Summit Historical Society reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2018 | $5 | $4K | $149K | $0 | — | View 990 |
| 2017 | $205 | $12K | $153K | $0 | — | View 990 |
| 2016 | $2K | $7K | $164K | $0 | — | View 990 |
| 2015 | $17K | $8K | $169K | $0 | — | View 990 |
| 2014 | $29K | $9K | $160K | $0 | — | View 990 |
| 2013 | $44K | $12K | $140K | $0 | — | View 990 |
| 2012 | $21K | $9K | $108K | $0 | — | View 990 |
| 2011 | $26K | $9K | $98K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $5, expenses of $4K, and assets of $149K (revenue -97.6% year-over-year).
- 2017: Revenue of $205, expenses of $12K, and assets of $153K (revenue -89.3% year-over-year).
- 2016: Revenue of $2K, expenses of $7K, and assets of $164K (revenue -88.6% year-over-year).
- 2015: Revenue of $17K, expenses of $8K, and assets of $169K (revenue -41.5% year-over-year).
- 2014: Revenue of $29K, expenses of $9K, and assets of $160K (revenue -34.1% year-over-year).
- 2013: Revenue of $44K, expenses of $12K, and assets of $140K (revenue +104.3% year-over-year).
- 2012: Revenue of $21K, expenses of $9K, and assets of $108K (revenue -16.3% year-over-year).
- 2011: Revenue of $26K, expenses of $9K, and assets of $98K.
Data Sources and Methodology
This transparency report for Summit 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.