3 Rivers Incorporated
3 Rivers Incorporated shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 10371245 · Westbrook, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.0M |
| Total Expenses | $12.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $6.2M |
| Transparency Score | 85/100 |
Is 3 Rivers Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
3 Rivers Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 3 Rivers Incorporated
3 Rivers Incorporated (EIN: 10371245) is a nonprofit organization based in Westbrook, ME. The organization reported total revenue of $14.0M and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 3 Rivers Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
3 Rivers Incorporated is a large nonprofit that has been operating for 38 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.0M |
| Total Expenses | $12.3M |
| Surplus / Deficit | +$652K |
| Total Assets | $7.4M |
| Total Liabilities | $1.2M |
| Net Assets | $6.2M |
| Operating Margin | 5.0% |
| Debt-to-Asset Ratio | 16.3% |
| Months of Reserves | 7.2 months |
Financial Health Grade: A
In 2023, 3 Rivers Incorporated reported a surplus of $652K with revenue exceeding expenses, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 16.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), 3 Rivers Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.3% | -1.9% | +23.9% |
| 2022 | +21.9% | +7.9% | +16.6% |
| 2021 | +3.9% | +1.3% | +8.6% |
| 2020 | +11.7% | +15.1% | +48.8% |
| 2019 | +24.0% | +19.9% | +17.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 3 Rivers Incorporated 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, 3 Rivers Incorporated 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 $652K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.3%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation for 3 Rivers Incorporated across all available periods, including the latest 2023 filing. This suggests that executive leadership is either entirely volunteer-based, compensated through non-officer categories, or that the organization's structure does not involve traditional officer salaries, which is unusual for an organization with over $12 million in annual expenses.
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 3 Rivers Incorporated's IRS 990 filings:
- Lack of detailed officer compensation information despite significant organizational size, requiring further investigation into how leadership is compensated.
Strengths
The following positive indicators were identified for 3 Rivers Incorporated:
- Consistent revenue growth, increasing from $5,542,408 in 2014 to $12,963,783 in 2023.
- Consistent operational surpluses, with revenue exceeding expenses in most reported periods (e.g., $12,963,783 revenue vs. $12,311,674 expenses in 2023).
- Significant asset growth, from $2,462,002 in 2014 to $7,395,654 in 2023, indicating increasing financial stability.
- Reported 0% officer compensation across all filings, potentially indicating a high dedication of resources to mission or volunteer leadership.
Frequently Asked Questions about 3 Rivers Incorporated
Is 3 Rivers Incorporated a legitimate charity?
3 Rivers Incorporated (EIN: 10371245) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $14.0M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does 3 Rivers Incorporated spend its money?
3 Rivers Incorporated directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to 3 Rivers Incorporated tax-deductible?
3 Rivers Incorporated is registered as a tax-exempt nonprofit (EIN: 10371245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the 3 Rivers Incorporated CEO make?
3 Rivers Incorporated's highest-compensated officer earns $12 annually. The organization reported $14.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of 3 Rivers Incorporated's spending goes to programs?
3 Rivers Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is 3 Rivers Incorporated located?
3 Rivers Incorporated is headquartered in Westbrook, Maine and files with the IRS under EIN 10371245.
How many years of IRS 990 filings does 3 Rivers Incorporated have?
3 Rivers Incorporated has 12 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 $14.0M in total revenue.
Is 3 Rivers Incorporated a good charity?
Based on the available financial data, 3 Rivers Incorporated appears to be a financially healthy and growing organization. It consistently generates surpluses, has significantly increased its assets, and reports no officer compensation, which could indicate a strong commitment to program spending. However, a full assessment would require understanding their program impact and detailed expense breakdown.
How does 3 Rivers Incorporated manage its executive compensation?
The IRS 990 filings for 3 Rivers Incorporated consistently report 0% officer compensation. This is a notable point and suggests that executive leadership may be unpaid, compensated through other means not classified as officer compensation, or that the organization has a unique governance structure. Further inquiry into their compensation policies would be beneficial.
What is the trend of 3 Rivers Incorporated's financial growth?
3 Rivers Incorporated has shown strong financial growth over the past decade. Revenue increased from $5,542,408 in 2014 to $12,963,783 in 2023, and assets grew from $2,462,002 to $7,395,654 in the same period, indicating a robust expansion.
Filing History
IRS 990 filing history for 3 Rivers Incorporated showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), 3 Rivers Incorporated's revenue has grown by 207%, moving from $4.2M to $13.0M. Total assets increased by 303.5% over the same period, from $1.8M to $7.4M. Total functional expenses rose by 199%, from $4.1M to $12.3M. In its most recent filing year (2023), 3 Rivers Incorporated reported a surplus of $652K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $7.4M in assets (debt-to-asset ratio: 16.3%), resulting in net assets of $6.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.0M | $12.3M | $7.4M | $1.2M | — | View 990 |
| 2022 | $15.0M | $12.6M | $6.0M | $424K | — | View 990 |
| 2021 | $12.3M | $11.6M | $5.1M | $1.9M | — | View 990 |
| 2020 | $11.8M | $11.5M | $4.7M | $2.2M | — | View 990 |
| 2019 | $10.6M | $10.0M | $3.2M | $943K | — | View 990 |
| 2018 | $8.5M | $8.3M | $2.7M | $1.1M | — | View 990 |
| 2017 | $7.2M | $7.3M | $2.5M | $1.0M | — | View 990 |
| 2016 | $6.0M | $6.0M | $2.5M | $1.0M | — | View 990 |
| 2015 | $5.5M | $5.5M | $2.6M | $1.1M | — | View 990 |
| 2014 | $5.5M | $5.3M | $2.5M | $884K | — | View 990 |
| 2013 | $4.3M | $4.3M | $1.8M | $499K | — | View 990 |
| 2012 | $4.2M | $4.1M | $1.8M | $490K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.0M, expenses of $12.3M, and assets of $7.4M (revenue -13.3% year-over-year).
- 2022: Revenue of $15.0M, expenses of $12.6M, and assets of $6.0M (revenue +21.9% year-over-year).
- 2021: Revenue of $12.3M, expenses of $11.6M, and assets of $5.1M (revenue +3.9% year-over-year).
- 2020: Revenue of $11.8M, expenses of $11.5M, and assets of $4.7M (revenue +11.7% year-over-year).
- 2019: Revenue of $10.6M, expenses of $10.0M, and assets of $3.2M (revenue +24.0% year-over-year).
- 2018: Revenue of $8.5M, expenses of $8.3M, and assets of $2.7M (revenue +18.9% year-over-year).
- 2017: Revenue of $7.2M, expenses of $7.3M, and assets of $2.5M (revenue +19.9% year-over-year).
- 2016: Revenue of $6.0M, expenses of $6.0M, and assets of $2.5M (revenue +9.3% year-over-year).
- 2015: Revenue of $5.5M, expenses of $5.5M, and assets of $2.6M (revenue -1.2% year-over-year).
- 2014: Revenue of $5.5M, expenses of $5.3M, and assets of $2.5M (revenue +29.2% year-over-year).
- 2013: Revenue of $4.3M, expenses of $4.3M, and assets of $1.8M (revenue +1.6% year-over-year).
- 2012: Revenue of $4.2M, expenses of $4.1M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 3 Rivers Incorporated:
Data Sources and Methodology
This transparency report for 3 Rivers Incorporated 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.