Yarmouth Historical Society
Yarmouth Historical Society maintains strong asset growth and zero officer compensation amidst fluctuating revenues.
EIN: 10351334 · Yarmouth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $784K |
| Total Expenses | $318K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.8M |
| Transparency Score | 92/100 |
Is Yarmouth Historical Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Yarmouth Historical Society directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Yarmouth Historical Society
Yarmouth Historical Society (EIN: 10351334) is a nonprofit organization based in Yarmouth, ME. The organization reported total revenue of $784K and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Yarmouth Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Yarmouth Historical Society is a small nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $370K |
| Total Expenses | $318K |
| Surplus / Deficit | +$52K |
| Total Assets | $5.8M |
| Total Liabilities | $293 |
| Net Assets | $5.8M |
| Operating Margin | 14.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 219.9 months |
Financial Health Grade: A
In 2023, Yarmouth Historical Society reported a surplus of $52K with revenue exceeding expenses, holds 219.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Yarmouth Historical Society's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.1% | +17.9% | +4.8% |
| 2022 | -23.9% | +3.0% | -10.0% |
| 2021 | +52.1% | +11.2% | +14.1% |
| 2020 | +35.6% | -1.8% | +3.5% |
| 2019 | -13.2% | +8.4% | +5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1977 |
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 Yarmouth 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Yarmouth Historical Society allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $52K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly commendable and suggests a volunteer-driven leadership or a strong commitment to directing all funds towards the organization's mission, especially for an organization with assets exceeding $5 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 Yarmouth Historical Society's IRS 990 filings:
- Fluctuating revenue streams could indicate reliance on unpredictable funding sources, as seen with the large spike in 2015 and subsequent return to lower levels.
Strengths
The following positive indicators were identified for Yarmouth Historical Society:
- Consistent asset growth, from $3.5M in 2014 to $5.8M in 2023, indicates strong financial management and stability.
- Zero officer compensation across all filings demonstrates exceptional transparency and dedication to mission.
- Very low liabilities consistently reported, such as $293 in 2023, indicating minimal financial risk.
- Expenses are consistently lower than revenue in most years, allowing for capital accumulation.
- Long history of IRS 990 filings (13 filings) shows a commitment to public accountability.
Frequently Asked Questions about Yarmouth Historical Society
Is Yarmouth Historical Society a legitimate charity?
Yarmouth Historical Society (EIN: 10351334) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $784K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Yarmouth Historical Society spend its money?
Yarmouth Historical Society directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Yarmouth Historical Society tax-deductible?
Yarmouth Historical Society is registered as a tax-exempt nonprofit (EIN: 10351334). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Yarmouth Historical Society CEO make?
Yarmouth Historical Society's highest-compensated officer earns $5 annually. The organization reported $784K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Yarmouth Historical Society's spending goes to programs?
Yarmouth Historical Society directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Yarmouth Historical Society located?
Yarmouth Historical Society is headquartered in Yarmouth, Maine and files with the IRS under EIN 10351334.
How many years of IRS 990 filings does Yarmouth Historical Society have?
Yarmouth Historical Society has 13 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 $784K in total revenue.
Is Yarmouth Historical Society a good charity?
Based on the provided financial data, Yarmouth Historical Society appears to be a very good charity. They demonstrate strong financial health with growing assets, consistently low liabilities, and excellent transparency regarding executive compensation (0%). Their expenses are well-managed relative to revenue.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved over time, with assets growing from $3,514,053 in 2014 to $5,826,916 in 2023. While revenue has fluctuated, expenses have remained controlled, contributing to this consistent asset growth.
What is the trend in their revenue and expenses?
Revenue has been somewhat volatile, ranging from $132,735 in 2014 to a peak of $1,858,392 in 2015, and more recently $370,234 in 2023. Expenses have shown a more stable, gradual increase from $214,369 in 2014 to $317,924 in 2023, consistently staying below revenue in most years.
Filing History
IRS 990 filing history for Yarmouth Historical Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Yarmouth Historical Society's revenue has grown by 120.6%, moving from $168K to $370K. Total assets increased by 198% over the same period, from $2.0M to $5.8M. Total functional expenses rose by 88.3%, from $169K to $318K. In its most recent filing year (2023), Yarmouth Historical Society reported a surplus of $52K, with revenue exceeding expenses. The organization holds $293 in liabilities against $5.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $370K | $318K | $5.8M | $293 | — | View 990 |
| 2022 | $494K | $270K | $5.6M | $521 | — | View 990 |
| 2021 | $650K | $262K | $6.2M | $505 | — | — |
| 2020 | $427K | $235K | $5.4M | $759 | — | View 990 |
| 2019 | $315K | $240K | $5.2M | $8K | — | View 990 |
| 2018 | $363K | $221K | $5.0M | $6K | — | View 990 |
| 2017 | $358K | $233K | $4.7M | $6K | — | View 990 |
| 2016 | $241K | $249K | $4.4M | $5K | — | View 990 |
| 2015 | $1.9M | $300K | $4.5M | $6K | — | View 990 |
| 2014 | $133K | $214K | $3.5M | $7K | — | View 990 |
| 2013 | $593K | $192K | $3.7M | $140K | — | View 990 |
| 2012 | $543K | $190K | $2.5M | $54K | — | View 990 |
| 2011 | $168K | $169K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $370K, expenses of $318K, and assets of $5.8M (revenue -25.1% year-over-year).
- 2022: Revenue of $494K, expenses of $270K, and assets of $5.6M (revenue -23.9% year-over-year).
- 2021: Revenue of $650K, expenses of $262K, and assets of $6.2M (revenue +52.1% year-over-year).
- 2020: Revenue of $427K, expenses of $235K, and assets of $5.4M (revenue +35.6% year-over-year).
- 2019: Revenue of $315K, expenses of $240K, and assets of $5.2M (revenue -13.2% year-over-year).
- 2018: Revenue of $363K, expenses of $221K, and assets of $5.0M (revenue +1.3% year-over-year).
- 2017: Revenue of $358K, expenses of $233K, and assets of $4.7M (revenue +48.5% year-over-year).
- 2016: Revenue of $241K, expenses of $249K, and assets of $4.4M (revenue -87.0% year-over-year).
- 2015: Revenue of $1.9M, expenses of $300K, and assets of $4.5M (revenue +1300.1% year-over-year).
- 2014: Revenue of $133K, expenses of $214K, and assets of $3.5M (revenue -77.6% year-over-year).
- 2013: Revenue of $593K, expenses of $192K, and assets of $3.7M (revenue +9.1% year-over-year).
- 2012: Revenue of $543K, expenses of $190K, and assets of $2.5M (revenue +223.7% year-over-year).
- 2011: Revenue of $168K, expenses of $169K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Yarmouth Historical Society:
Data Sources and Methodology
This transparency report for Yarmouth 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.