Adoptive And Foster Families Of Maine Inc
Adoptive And Foster Families Of Maine Inc shows consistent revenue growth and no reported officer compensation over the past decade.
EIN: 10515363 · Brewer, ME · NTEE: P320 · Updated: 2026-03-28
Is Adoptive And Foster Families Of Maine Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Adoptive And Foster Families Of Maine Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Adoptive And Foster Families Of Maine Inc
Adoptive And Foster Families Of Maine Inc (EIN: 10515363) is a nonprofit organization based in Brewer, ME, classified under NTEE code P320. The organization reported total revenue of $1.9M and total assets of $529K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adoptive And Foster Families Of Maine Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adoptive And Foster Families Of Maine Inc is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$58K |
| Total Assets | $374K |
| Total Liabilities | $121K |
| Net Assets | $253K |
| Operating Margin | 3.3% |
| Debt-to-Asset Ratio | 32.4% |
| Months of Reserves | 2.7 months |
Financial Health Grade: A
In 2023, Adoptive And Foster Families Of Maine Inc reported a surplus of $58K with revenue exceeding expenses, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 32.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Adoptive And Foster Families Of Maine Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.7% | +29.2% | +27.0% |
| 2022 | -3.7% | -5.4% | +14.0% |
| 2021 | +21.6% | +23.9% | -29.7% |
| 2020 | +17.4% | +19.2% | +78.2% |
| 2019 | +26.1% | +22.1% | +159.4% |
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 Adoptive And Foster Families Of Maine Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Adoptive And Foster Families Of Maine Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $58K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with revenues approaching $2 million and suggests either a volunteer leadership model or compensation being covered by other means, which enhances the perception of financial efficiency and dedication to the mission.
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.
Strengths
The following positive indicators were identified for Adoptive And Foster Families Of Maine Inc:
- Consistent revenue growth, increasing from $978,958 in 2019 to $1,746,253 in 2023.
- No reported officer compensation across all available filings, indicating high efficiency and dedication to mission.
- Consistent operational surpluses, contributing to asset growth and financial stability.
- Growing asset base, from $206,094 in 2019 to $373,619 in 2023, demonstrating prudent financial management.
Frequently Asked Questions about Adoptive And Foster Families Of Maine Inc
Is Adoptive And Foster Families Of Maine Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Adoptive And Foster Families Of Maine Inc (EIN: 10515363) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Adoptive And Foster Families Of Maine Inc spend its money?
Adoptive And Foster Families Of Maine Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Adoptive And Foster Families Of Maine Inc tax-deductible?
Adoptive And Foster Families Of Maine Inc is registered as a tax-exempt nonprofit (EIN: 10515363). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Adoptive And Foster Families Of Maine Inc a good charity?
Based on the provided IRS 990 data, the organization appears to be a good charity. It demonstrates consistent financial growth, operates with a surplus, and has no reported officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has the organization's revenue changed over time?
Adoptive And Foster Families Of Maine Inc has shown significant revenue growth, increasing from $978,958 in 2019 to $1,746,253 in 2023, representing an almost 78% increase over five years.
What is the organization's financial stability?
The organization appears financially stable, consistently operating with a surplus (e.g., $57,866 in 2023) and growing its assets from $206,094 in 2019 to $373,619 in 2023, while maintaining manageable liabilities.
Does the organization pay its officers?
According to the IRS 990 filings, the organization has reported 0% officer compensation for all available periods, indicating that no officers received salaries from the organization.
Filing History
IRS 990 filing history for Adoptive And Foster Families Of Maine Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Adoptive And Foster Families Of Maine Inc's revenue has grown by 254.4%, moving from $493K to $1.7M. Total assets increased by 272.9% over the same period, from $100K to $374K. Total functional expenses rose by 217.7%, from $531K to $1.7M. In its most recent filing year (2023), Adoptive And Foster Families Of Maine Inc reported a surplus of $58K, with revenue exceeding expenses. The organization holds $121K in liabilities against $374K in assets (debt-to-asset ratio: 32.4%), resulting in net assets of $253K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $374K | $121K | — | — |
| 2022 | $1.3M | $1.3M | $294K | $99K | — | View 990 |
| 2021 | $1.4M | $1.4M | $258K | $103K | — | View 990 |
| 2020 | $1.1M | $1.1M | $367K | $229K | — | — |
| 2019 | $979K | $936K | $206K | $102K | — | View 990 |
| 2018 | $776K | $767K | $79K | $19K | — | View 990 |
| 2017 | $896K | $890K | $264K | $213K | — | View 990 |
| 2016 | $643K | $647K | $365K | $299K | — | View 990 |
| 2015 | $592K | $560K | $169K | $22K | — | View 990 |
| 2014 | $8K | $16K | $170K | $736 | — | View 990 |
| 2013 | $80K | $61K | $180K | $0 | — | View 990 |
| 2012 | $737K | $679K | $162K | $3K | — | View 990 |
| 2011 | $493K | $531K | $100K | $20 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $374K (revenue +29.7% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.3M, and assets of $294K (revenue -3.7% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.4M, and assets of $258K (revenue +21.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $367K (revenue +17.4% year-over-year).
- 2019: Revenue of $979K, expenses of $936K, and assets of $206K (revenue +26.1% year-over-year).
- 2018: Revenue of $776K, expenses of $767K, and assets of $79K (revenue -13.3% year-over-year).
- 2017: Revenue of $896K, expenses of $890K, and assets of $264K (revenue +39.4% year-over-year).
- 2016: Revenue of $643K, expenses of $647K, and assets of $365K (revenue +8.6% year-over-year).
- 2015: Revenue of $592K, expenses of $560K, and assets of $169K (revenue +7046.8% year-over-year).
- 2014: Revenue of $8K, expenses of $16K, and assets of $170K (revenue -89.7% year-over-year).
- 2013: Revenue of $80K, expenses of $61K, and assets of $180K (revenue -89.1% year-over-year).
- 2012: Revenue of $737K, expenses of $679K, and assets of $162K (revenue +49.6% year-over-year).
- 2011: Revenue of $493K, expenses of $531K, and assets of $100K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adoptive And Foster Families Of Maine Inc:
Data Sources and Methodology
This transparency report for Adoptive And Foster Families Of Maine Inc 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.