Abbe Museum
Abbe Museum shows improved financial health in latest filing with zero reported officer compensation.
EIN: 10211777 · Bar Harbor, ME · NTEE: A500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.2M |
| Transparency Score | 85/100 |
Is Abbe Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abbe Museum directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Abbe Museum
Abbe Museum (EIN: 10211777) is a nonprofit organization based in Bar Harbor, ME, classified under NTEE code A500. The organization reported total revenue of $2.0M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abbe Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abbe Museum is a mid-size nonprofit that has been operating for 28 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$421K |
| Total Assets | $4.7M |
| Total Liabilities | $471K |
| Net Assets | $4.2M |
| Operating Margin | 28.9% |
| Debt-to-Asset Ratio | 10.1% |
| Months of Reserves | 54.0 months |
Financial Health Grade: A
In 2023, Abbe Museum reported a surplus of $421K with revenue exceeding expenses, holds 54.0 months of operating reserves (strong position), has a debt-to-asset ratio of 10.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Abbe Museum's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +216.5% | +28.6% | +11.2% |
| 2022 | -43.6% | -7.8% | -12.6% |
| 2021 | +48.4% | +14.4% | +3.8% |
| 2020 | -36.9% | -39.3% | -4.1% |
| 2019 | +18.8% | +20.7% | -5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Abbe Museum 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, Abbe Museum 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 $421K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.1%.
Executive Compensation Analysis
The Abbe Museum consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual for an organization of its size with assets over $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 Abbe Museum's IRS 990 filings:
- Consistent operating deficits in multiple prior years (e.g., 202209, 202109, 202009, 201909, 201809, 201709, 201609, 201509, 201309) before the latest positive period.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data makes a precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Abbe Museum:
- Consistent 0% officer compensation reported across all filings, indicating high efficiency in executive pay.
- Significant positive operating margin in the latest filing (202309) with revenue of $1,458,755 exceeding expenses of $1,037,305.
- Stable asset base, with assets increasing to $4,669,114 in 202309.
- Strong recovery in revenue, with the latest reported revenue at $2,005,762.
Frequently Asked Questions about Abbe Museum
Is Abbe Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Abbe Museum (EIN: 10211777) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Abbe Museum spend its money?
Abbe Museum directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Abbe Museum tax-deductible?
Abbe Museum is registered as a tax-exempt nonprofit (EIN: 10211777). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Abbe Museum CEO make?
Abbe Museum's highest-compensated officer earns $5 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Abbe Museum's spending goes to programs?
Abbe Museum directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Abbe Museum compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Abbe Museum is above average for NTEE category A500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Abbe Museum located?
Abbe Museum is headquartered in Bar Harbor, Maine and files with the IRS under EIN 10211777. It is classified under NTEE code A500.
How many years of IRS 990 filings does Abbe Museum have?
Abbe Museum 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 $2.0M in total revenue.
Is Abbe Museum a good charity?
Based on the available data, Abbe Museum appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission. The latest financial period (202309) shows a healthy surplus with revenue of $1,458,755 exceeding expenses of $1,037,305, suggesting effective financial management.
How has Abbe Museum's financial health changed over time?
Abbe Museum's financial health has fluctuated, experiencing several years where expenses exceeded revenue (e.g., 202209, 202109, 202009). However, the most recent filing (202309) shows a significant positive turnaround with a substantial operating surplus, indicating an improving financial trajectory.
What is the Abbe Museum's approach to executive compensation?
The Abbe Museum's approach to executive compensation is highly notable as it consistently reports 0% officer compensation in all available IRS 990 filings. This suggests that executive leadership may be volunteer-based or compensated through other means not classified as officer compensation, or that the organization prioritizes directing all funds to its mission.
Filing History
IRS 990 filing history for Abbe Museum showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Abbe Museum's revenue has grown by 172.1%, moving from $536K to $1.5M. Total assets increased by 2.1% over the same period, from $4.6M to $4.7M. Total functional expenses rose by 52.4%, from $681K to $1.0M. In its most recent filing year (2023), Abbe Museum reported a surplus of $421K, with revenue exceeding expenses. The organization holds $471K in liabilities against $4.7M in assets (debt-to-asset ratio: 10.1%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.0M | $4.7M | $471K | — | View 990 |
| 2022 | $461K | $806K | $4.2M | $465K | — | View 990 |
| 2021 | $817K | $874K | $4.8M | $512K | — | View 990 |
| 2020 | $550K | $764K | $4.6M | $517K | — | — |
| 2019 | $872K | $1.3M | $4.8M | $534K | — | View 990 |
| 2018 | $734K | $1.0M | $5.1M | $561K | — | View 990 |
| 2017 | $589K | $993K | $5.4M | $623K | — | View 990 |
| 2016 | $783K | $899K | $5.5M | $442K | — | View 990 |
| 2015 | $950K | $1000K | $4.5M | $442K | — | View 990 |
| 2013 | $693K | $926K | $4.5M | $451K | — | View 990 |
| 2012 | $681K | $812K | $4.6M | $447K | — | View 990 |
| 2011 | $536K | $681K | $4.6M | $457K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.0M, and assets of $4.7M (revenue +216.5% year-over-year).
- 2022: Revenue of $461K, expenses of $806K, and assets of $4.2M (revenue -43.6% year-over-year).
- 2021: Revenue of $817K, expenses of $874K, and assets of $4.8M (revenue +48.4% year-over-year).
- 2020: Revenue of $550K, expenses of $764K, and assets of $4.6M (revenue -36.9% year-over-year).
- 2019: Revenue of $872K, expenses of $1.3M, and assets of $4.8M (revenue +18.8% year-over-year).
- 2018: Revenue of $734K, expenses of $1.0M, and assets of $5.1M (revenue +24.7% year-over-year).
- 2017: Revenue of $589K, expenses of $993K, and assets of $5.4M (revenue -24.8% year-over-year).
- 2016: Revenue of $783K, expenses of $899K, and assets of $5.5M (revenue -17.6% year-over-year).
- 2015: Revenue of $950K, expenses of $1000K, and assets of $4.5M (revenue +37.1% year-over-year).
- 2013: Revenue of $693K, expenses of $926K, and assets of $4.5M (revenue +1.8% year-over-year).
- 2012: Revenue of $681K, expenses of $812K, and assets of $4.6M (revenue +27.0% year-over-year).
- 2011: Revenue of $536K, expenses of $681K, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abbe Museum:
Data Sources and Methodology
This transparency report for Abbe Museum 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.