Allagash Development Corporation

Allagash Development Corporation reports consistent negative revenue and zero expenses, indicating potential inactivity or financial distress.

EIN: 10375377 · Fort Kent, ME · Updated: 2026-03-28

$158KRevenue

$258KAssets

10/100Mission Score (Very Poor)

Is Allagash Development Corporation Legit?

Significant Concerns

GoodFiling Consistency

UnknownSpending Efficiency

ModerateTransparency

4 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

About Allagash Development Corporation

Allagash Development Corporation (EIN: 10375377) is a nonprofit organization based in Fort Kent, ME. The organization reported total revenue of $158K and total assets of $258K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Allagash Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Allagash Development Corporation appears to be in a precarious financial position. For the past several years, the organization has reported negative revenue, with the most recent filing (202312) showing a revenue of -7,723. This consistent negative revenue, coupled with zero reported expenses across all available filings, suggests that the organization may not be actively conducting programmatic or operational activities, or that its financial reporting is incomplete or unusual. The organization's liabilities have consistently exceeded its assets, indicating a state of insolvency. For example, in 202312, assets were $275,308 while liabilities were $366,438.

The lack of reported expenses makes it impossible to assess spending efficiency or program focus. The consistent reporting of zero officer compensation across all filings suggests either a fully volunteer-run organization or a lack of disclosure regarding compensation. Given the financial trends, the organization's long-term viability and impact are highly questionable. The absence of detailed expense breakdowns also hinders any meaningful assessment of transparency beyond the basic financial figures provided.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Allagash Development Corporation with a Mission Score of 10 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.

Spending Breakdown

admin: 0%
programs: 0%
fundraising: 0%

According to IRS 990 filings, Allagash Development Corporation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.

Executive Compensation Analysis

Officer compensation has been reported as 0% across all available filings, suggesting either a fully volunteer-run organization or that compensation is not being reported in this section of the 990.

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 Allagash Development Corporation's IRS 990 filings:

Consistent negative revenue across multiple years (e.g., $-7,723 in 202312).
Zero reported expenses across all available filings, indicating potential inactivity or incomplete reporting.
Liabilities consistently exceed assets, indicating insolvency (e.g., $366,438 liabilities vs. $275,308 assets in 202312).
Lack of transparency regarding operational activities due to zero expense reporting.

Strengths

The following positive indicators were identified for Allagash Development Corporation:

No reported officer compensation, suggesting a volunteer-led structure if the organization is active.

Frequently Asked Questions about Allagash Development Corporation

Is Allagash Development Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Allagash Development Corporation (EIN: 10375377) significant concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.

How does Allagash Development Corporation spend its money?

Detailed spending breakdown data is not yet available for Allagash Development Corporation. Check back for updated IRS 990 analysis.

Are donations to Allagash Development Corporation tax-deductible?

Allagash Development Corporation is registered as a tax-exempt nonprofit (EIN: 10375377). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Allagash Development Corporation actively operating?

The consistent reporting of zero expenses and negative revenue across multiple years suggests the organization may not be actively operating or is in a dormant state.

What is the source of the negative revenue?

The filings do not provide details on the source of the negative revenue, which is an unusual financial reporting item that warrants further investigation.

How does Allagash Development Corporation cover its liabilities?

With liabilities consistently exceeding assets and negative revenue, the organization's ability to cover its liabilities is unclear and suggests a state of insolvency.

Why are no expenses reported?

The consistent reporting of zero expenses across all filings is highly unusual for an active nonprofit and makes it impossible to assess any operational activities or spending.

Filing History

IRS 990 filing history for Allagash Development Corporation showing financial trends over 13 years of public records:

Total assets decreased by 42.9% over the same period, from $482K to $275K. The organization holds $366K in liabilities against $275K in assets (debt-to-asset ratio: 133.1%), resulting in net assets of $-91,130.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$-7,723	$0	$275K	$366K	—	—
2022	$-1,630	$0	$303K	$387K	—	View 990
2021	$-14,870	$0	$322K	$404K	—	—
2020	$-7,461	$0	$353K	$420K	—	—
2019	$-11,715	$0	$376K	$436K	—	View 990
2018	$-9,887	$0	$402K	$449K	—	View 990
2017	$13K	$0	$424K	$462K	—	View 990
2016	$-655	$0	$421K	$472K	—	View 990
2015	$-7,780	$0	$437K	$487K	—	View 990
2014	$-8,129	$0	$448K	$490K	—	View 990
2013	$-4,777	$0	$464K	$498K	—	View 990
2012	$-400	$0	$474K	$504K	—	View 990
2011	$-16,177	$0	$482K	$511K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $-7,723, expenses of $0, and assets of $275K.
2022: Revenue of $-1,630, expenses of $0, and assets of $303K.
2021: Revenue of $-14,870, expenses of $0, and assets of $322K.
2020: Revenue of $-7,461, expenses of $0, and assets of $353K.
2019: Revenue of $-11,715, expenses of $0, and assets of $376K.
2018: Revenue of $-9,887, expenses of $0, and assets of $402K (revenue -174.3% year-over-year).
2017: Revenue of $13K, expenses of $0, and assets of $424K.
2016: Revenue of $-655, expenses of $0, and assets of $421K.
2015: Revenue of $-7,780, expenses of $0, and assets of $437K.
2014: Revenue of $-8,129, expenses of $0, and assets of $448K.
2013: Revenue of $-4,777, expenses of $0, and assets of $464K.
2012: Revenue of $-400, expenses of $0, and assets of $474K.
2011: Revenue of $-16,177, expenses of $0, and assets of $482K.

Data Sources and Methodology

This transparency report for Allagash Development 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.