The Falmouth Historical Society
Falmouth Historical Society maintains strong asset base with minimal liabilities and no officer compensation.
EIN: 16023075 · Falmouth, ME · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $14K |
| Program Spending | 80% |
| Net Assets | $326K |
| Transparency Score | 85/100 |
Is The Falmouth Historical Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Falmouth Historical Society directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Falmouth Historical Society
The Falmouth Historical Society (EIN: 16023075) is a nonprofit organization based in Falmouth, ME, classified under NTEE code A80. 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 The Falmouth Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Falmouth Historical Society is a micro nonprofit that has been operating for 7 years, with 11 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -8.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $14K |
| Surplus / Deficit | +$5K |
| Total Assets | $326K |
| Net Assets | $326K |
| Operating Margin | 24.6% |
| Months of Reserves | 280.7 months |
Financial Health Grade: A
In 2022, The Falmouth Historical Society reported a surplus of $5K with revenue exceeding expenses, holds 280.7 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2022), The Falmouth Historical Society's revenue has declined at a compound annual growth rate (CAGR) of -8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +312.4% | +95.2% | +0.6% |
| 2021 | -65.7% | -28.0% | +1.4% |
| 2020 | -15.1% | -48.3% | -2.4% |
| 2019 | -27.4% | +79.7% | -5.5% |
| 2017 | +25.0% | -64.3% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
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 The Falmouth Historical Society 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Falmouth Historical Society allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
Executive Compensation Analysis
The Falmouth Historical Society reports 0% officer compensation across all provided filing periods, indicating that its leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for resource allocation.
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 The Falmouth Historical Society:
- Strong and consistent asset base (e.g., $325,544 in 2022)
- Minimal to no liabilities across all reported periods
- 0% officer compensation, indicating efficient use of funds
- Consistent financial reporting over multiple years
- Ability to absorb occasional operating deficits due to strong reserves
Frequently Asked Questions about The Falmouth Historical Society
Is The Falmouth Historical Society a legitimate charity?
The Falmouth Historical Society (EIN: 16023075) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. No red flags identified. 5 strengths noted. Financial health grade: A.
How does The Falmouth Historical Society spend its money?
The Falmouth Historical Society directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Falmouth Historical Society tax-deductible?
The Falmouth Historical Society is registered as a tax-exempt nonprofit (EIN: 16023075). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Falmouth Historical Society's spending goes to programs?
The Falmouth Historical Society directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Falmouth Historical Society compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Falmouth Historical Society is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Falmouth Historical Society located?
The Falmouth Historical Society is headquartered in Falmouth, Maine and files with the IRS under EIN 16023075. It is classified under NTEE code A80.
How many years of IRS 990 filings does The Falmouth Historical Society have?
The Falmouth Historical Society has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is The Falmouth Historical Society a good charity?
Based on the provided financial data, The Falmouth Historical Society appears to be a well-managed organization with a strong asset base and minimal liabilities. The consistent reporting of 0% officer compensation suggests a high dedication to its mission and efficient use of funds. Its financial stability and lack of executive compensation are positive indicators.
How does The Falmouth Historical Society manage its assets?
The organization consistently maintains a significant asset base, ranging from $311,896 in 2012 to $345,984 in 2017, while keeping liabilities at or near zero. This indicates a conservative and stable approach to asset management, building reserves rather than incurring debt.
What is the trend in The Falmouth Historical Society's revenue and expenses?
Revenue and expenses fluctuate year-to-year but generally remain within a similar range, with revenue typically between $4,474 and $21,188 (excluding an outlier of $41,729 in 2012) and expenses between $7,052 and $29,885. The organization has shown periods of both surplus (e.g., 2022: $18,450 revenue vs. $13,916 expenses) and deficit (e.g., 2019: $15,388 revenue vs. $19,151 expenses), but its substantial assets cushion these variations.
Filing History
IRS 990 filing history for The Falmouth Historical Society showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2022), The Falmouth Historical Society's revenue has declined by 61.9%, moving from $48K to $18K. Total assets increased by 16.8% over the same period, from $279K to $326K. Total functional expenses rose by 82.8%, from $8K to $14K. In its most recent filing year (2022), The Falmouth Historical Society reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $18K | $14K | $326K | $0 | — | View 990 |
| 2021 | $4K | $7K | $323K | $0 | — | — |
| 2020 | $13K | $10K | $319K | $0 | — | View 990 |
| 2019 | $15K | $19K | $327K | $0 | — | — |
| 2017 | $21K | $11K | $346K | $0 | — | — |
| 2016 | $17K | $30K | $344K | $0 | — | — |
| 2015 | $16K | $14K | $320K | $0 | — | View 990 |
| 2014 | $12K | $7K | $326K | $175 | — | View 990 |
| 2013 | $17K | $8K | $321K | $220 | — | View 990 |
| 2012 | $42K | $9K | $312K | $0 | — | View 990 |
| 2011 | $48K | $8K | $279K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $18K, expenses of $14K, and assets of $326K (revenue +312.4% year-over-year).
- 2021: Revenue of $4K, expenses of $7K, and assets of $323K (revenue -65.7% year-over-year).
- 2020: Revenue of $13K, expenses of $10K, and assets of $319K (revenue -15.1% year-over-year).
- 2019: Revenue of $15K, expenses of $19K, and assets of $327K (revenue -27.4% year-over-year).
- 2017: Revenue of $21K, expenses of $11K, and assets of $346K (revenue +25.0% year-over-year).
- 2016: Revenue of $17K, expenses of $30K, and assets of $344K (revenue +2.8% year-over-year).
- 2015: Revenue of $16K, expenses of $14K, and assets of $320K (revenue +34.9% year-over-year).
- 2014: Revenue of $12K, expenses of $7K, and assets of $326K (revenue -26.7% year-over-year).
- 2013: Revenue of $17K, expenses of $8K, and assets of $321K (revenue -60.1% year-over-year).
- 2012: Revenue of $42K, expenses of $9K, and assets of $312K (revenue -13.9% year-over-year).
- 2011: Revenue of $48K, expenses of $8K, and assets of $279K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Falmouth Historical Society:
Data Sources and Methodology
This transparency report for The Falmouth 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.