Is Maine Womens Fund Inc Legit?

Maine Womens Fund Inc demonstrates a generally stable financial position with consistent asset growth over the past decade, reaching $3,540,272 in the latest filing. While revenue has fluctuated, the organization has maintained a healthy asset base. The most recent filing (202112) shows expenses of $428,083 against revenues of $462,038, indicating a positive operating margin for that period. The organization's NTEE code P83Z suggests a focus on women's issues, which aligns with its name. Spending efficiency appears to be strong, particularly given the reported 0% officer compensation across all available filings, which is a significant indicator of volunteer leadership or very low executive pay not captured in that specific line item. This suggests a high proportion of funds are likely directed towards programmatic activities. The consistent growth in assets, even during periods of higher expenses than revenue (e.g., 202012, 201912), points to effective financial management and potentially strong endowment or investment performance. The organization's transparency is bolstered by its consistent filing history, providing a clear view of its financial trajectory. Overall, Maine Womens Fund Inc appears to be a financially sound organization with a commitment to its mission, evidenced by its asset growth, positive operating margins in recent years, and the notable absence of reported officer compensation. Its long filing history further enhances its transparency.