60 62 Pleasant Street Corporation
EIN: 223335241 · Saco, ME · NTEE: P80
| Metric | Value |
|---|---|
| Total Revenue | $73K |
| Total Expenses | $74K |
| Net Assets | $-244,637 |
Is 60 62 Pleasant Street Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 60 62 Pleasant Street Corporation
60 62 Pleasant Street Corporation (EIN: 223335241) is a nonprofit organization based in Saco, ME, classified under NTEE code P80. The organization reported total revenue of $73K and total assets of $337K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 60 62 Pleasant Street Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
60 62 Pleasant Street Corporation is a micro nonprofit that has been operating for 31 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $73K |
| Total Expenses | $74K |
| Surplus / Deficit | $-1,121 |
| Total Assets | $337K |
| Total Liabilities | $582K |
| Net Assets | $-244,637 |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 172.6% |
| Months of Reserves | 54.4 months |
Financial Health Grade: C
In 2023, 60 62 Pleasant Street Corporation reported a deficit of $1K with expenses exceeding revenue, holds 54.4 months of operating reserves (strong position), has a debt-to-asset ratio of 172.6% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), 60 62 Pleasant Street Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.6% | -3.1% | +1.1% |
| 2022 | +5.0% | +22.2% | -4.2% |
| 2021 | -12.4% | -1.3% | -1.6% |
| 2020 | +19.3% | -5.4% | +1.9% |
| 2019 | -19.1% | -0.3% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 60 62 Pleasant Street Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 60 62 Pleasant Street Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 172.6%.
Frequently Asked Questions about 60 62 Pleasant Street Corporation
Is 60 62 Pleasant Street Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, 60 62 Pleasant Street Corporation (EIN: 223335241) insufficient data. 0 red flags identified, 0 strengths noted.
How does 60 62 Pleasant Street Corporation spend its money?
Detailed spending breakdown data is not yet available for 60 62 Pleasant Street Corporation. Check back for updated IRS 990 analysis.
Are donations to 60 62 Pleasant Street Corporation tax-deductible?
60 62 Pleasant Street Corporation is registered as a tax-exempt nonprofit (EIN: 223335241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 60 62 Pleasant Street Corporation located?
60 62 Pleasant Street Corporation is headquartered in Saco, Maine and files with the IRS under EIN 223335241. It is classified under NTEE code P80.
How many years of IRS 990 filings does 60 62 Pleasant Street Corporation have?
60 62 Pleasant Street Corporation 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 $73K in total revenue.
Filing History
IRS 990 filing history for 60 62 Pleasant Street Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), 60 62 Pleasant Street Corporation's revenue has grown by 41.5%, moving from $52K to $73K. Total assets decreased by 9.1% over the same period, from $371K to $337K. Total functional expenses rose by 5%, from $71K to $74K. In its most recent filing year (2023), 60 62 Pleasant Street Corporation reported a deficit of $1K, with expenses exceeding revenue. The organization holds $582K in liabilities against $337K in assets (debt-to-asset ratio: 172.6%), resulting in net assets of $-244,637.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $73K | $74K | $337K | $582K | — | View 990 |
| 2022 | $61K | $77K | $333K | $577K | — | View 990 |
| 2021 | $58K | $63K | $348K | $576K | — | View 990 |
| 2020 | $67K | $64K | $354K | $577K | — | View 990 |
| 2019 | $56K | $67K | $347K | $573K | — | View 990 |
| 2018 | $69K | $67K | $360K | $575K | — | View 990 |
| 2017 | $72K | $78K | $357K | $573K | — | View 990 |
| 2016 | $71K | $64K | $371K | $581K | — | View 990 |
| 2015 | $70K | $66K | $360K | $576K | — | View 990 |
| 2014 | $63K | $69K | $357K | $577K | — | View 990 |
| 2013 | $60K | $73K | $359K | $574K | — | View 990 |
| 2012 | $52K | $71K | $371K | $573K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $73K, expenses of $74K, and assets of $337K (revenue +19.6% year-over-year).
- 2022: Revenue of $61K, expenses of $77K, and assets of $333K (revenue +5.0% year-over-year).
- 2021: Revenue of $58K, expenses of $63K, and assets of $348K (revenue -12.4% year-over-year).
- 2020: Revenue of $67K, expenses of $64K, and assets of $354K (revenue +19.3% year-over-year).
- 2019: Revenue of $56K, expenses of $67K, and assets of $347K (revenue -19.1% year-over-year).
- 2018: Revenue of $69K, expenses of $67K, and assets of $360K (revenue -4.5% year-over-year).
- 2017: Revenue of $72K, expenses of $78K, and assets of $357K (revenue +1.4% year-over-year).
- 2016: Revenue of $71K, expenses of $64K, and assets of $371K (revenue +2.1% year-over-year).
- 2015: Revenue of $70K, expenses of $66K, and assets of $360K (revenue +10.4% year-over-year).
- 2014: Revenue of $63K, expenses of $69K, and assets of $357K (revenue +5.3% year-over-year).
- 2013: Revenue of $60K, expenses of $73K, and assets of $359K (revenue +15.9% year-over-year).
- 2012: Revenue of $52K, expenses of $71K, and assets of $371K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 60 62 Pleasant Street Corporation:
Data Sources and Methodology
This transparency report for 60 62 Pleasant Street Corporation 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.