Quick charity verification for Western Maine Paper & Heritage Museum (EIN: 200515266)
Verdict: Western Maine Paper & Heritage Museum appears trustworthy
92/100Mission Score
$43KRevenue
$166KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong financial health with growing assets ($193,412 in 2023)
Very low expenses ($11,726 in 2023) relative to revenue ($50,889 in 2023)
Zero officer compensation reported in 2023, indicating high program focus
Significant revenue growth from $4,470 in 2011 to $50,889 in 2023
No reported liabilities in 2023, demonstrating excellent financial stability
AI Transparency Report
The Western Maine Paper & Heritage Museum demonstrates sound financial health and a strong commitment to its mission, as evidenced by its latest IRS 990 filings. In the 202312 period, the organization reported revenue of $50,889 against expenses of $11,726, indicating a significant surplus that contributes to its asset growth. With assets at $193,412 and no reported liabilities in 2023, the museum maintains a very healthy balance sheet. The organization's spending efficiency is excellent, with a very low expense base relative to its revenue, suggesting careful management of resources. The absence of officer compensation further underscores its dedication to directing funds towards its programmatic goals rather than administrative overhead. The museum's financial transparency is high, with readily available filings showing consistent financial health and responsible stewardship.