Amicus
Amicus consistently maintains positive financial health with growing assets and no reported officer compensation.
EIN: 10314110 · Bangor, ME · NTEE: P700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $4.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5,124,446 |
| Net Assets | $4.3M |
| Transparency Score | 90/100 |
Is Amicus Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amicus directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Amicus
Amicus (EIN: 10314110) is a nonprofit organization based in Bangor, ME, classified under NTEE code P700. The organization reported total revenue of $5.1M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amicus's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amicus is a mid-size nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.2M |
| Total Expenses | $4.8M |
| Surplus / Deficit | +$421K |
| Total Assets | $4.7M |
| Total Liabilities | $376K |
| Net Assets | $4.3M |
| Operating Margin | 8.1% |
| Debt-to-Asset Ratio | 8.0% |
| Months of Reserves | 11.8 months |
Financial Health Grade: A
In 2023, Amicus reported a surplus of $421K with revenue exceeding expenses, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 8.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Amicus's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +2.0% | +9.8% |
| 2022 | +43.1% | +38.0% | -9.2% |
| 2021 | -18.6% | -25.2% | +1.3% |
| 2020 | -27.1% | -9.3% | +9.1% |
| 2019 | +7.7% | +3.7% | +21.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
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 Amicus with a Mission Score of 90 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, Amicus 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: 8.0%.
Executive Compensation Analysis
Amicus consistently reports 0% officer compensation across all 13 available filings, indicating that no portion of its revenue is allocated to executive salaries, which is highly commendable for an organization of its size (latest revenue $5,124,446).
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 Amicus:
- Consistent positive net income: In 9 out of 10 recent filings, revenue exceeded expenses, indicating financial stability.
- Growing assets: Assets have nearly doubled from $2,407,463 in 2014 to $4,707,061 in 2023, demonstrating financial growth.
- Zero officer compensation: All 13 filings report 0% officer compensation, showing a strong commitment to mission-focused spending.
- Stable liabilities: Liabilities have remained relatively low and stable compared to assets, indicating good financial management.
- Consistent filing history: 13 filings demonstrate a strong commitment to transparency and regulatory compliance.
Frequently Asked Questions about Amicus
Is Amicus a legitimate charity?
Amicus (EIN: 10314110) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Amicus spend its money?
Amicus directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Amicus tax-deductible?
Amicus is registered as a tax-exempt nonprofit (EIN: 10314110). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Amicus CEO make?
Amicus's highest-compensated officer earns $5,124,446 annually. The organization reported $5.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Amicus's spending goes to programs?
Amicus directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Amicus compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Amicus is above average for NTEE category P700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Amicus located?
Amicus is headquartered in Bangor, Maine and files with the IRS under EIN 10314110. It is classified under NTEE code P700.
How many years of IRS 990 filings does Amicus have?
Amicus has 13 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 $5.1M in total revenue.
Is Amicus a good charity?
Based on the provided financial data, Amicus appears to be a good charity. It consistently operates with a surplus, has growing assets, and notably reports 0% officer compensation, suggesting a strong dedication to its mission and efficient use of funds.
How has Amicus's financial health changed over time?
Amicus has shown consistent financial health. While revenue and expenses fluctuate year-to-year, the organization generally maintains a positive net income. Assets have steadily increased from $2,407,463 in 2014 to $4,707,061 in 2023, indicating long-term stability and growth.
What is Amicus's approach to executive compensation?
Amicus's approach to executive compensation is highly conservative, reporting 0% officer compensation in all available filings. This means that no funds are allocated to paying officers, which is a strong indicator of a mission-first financial strategy.
Filing History
IRS 990 filing history for Amicus showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Amicus's revenue has declined by 4.8%, moving from $5.5M to $5.2M. Total assets increased by 182.8% over the same period, from $1.7M to $4.7M. Total functional expenses fell by 5.7%, from $5.1M to $4.8M. In its most recent filing year (2023), Amicus reported a surplus of $421K, with revenue exceeding expenses. The organization holds $376K in liabilities against $4.7M in assets (debt-to-asset ratio: 8.0%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $4.8M | $4.7M | $376K | — | View 990 |
| 2022 | $4.9M | $4.7M | $4.3M | $378K | — | View 990 |
| 2021 | $3.4M | $3.4M | $4.7M | $1.0M | — | View 990 |
| 2020 | $4.2M | $4.5M | $4.7M | $985K | — | View 990 |
| 2019 | $5.8M | $5.0M | $4.3M | $259K | — | View 990 |
| 2018 | $5.4M | $4.8M | $3.5M | $262K | — | — |
| 2017 | $5.4M | $5.3M | $3.0M | $262K | — | View 990 |
| 2016 | $5.6M | $5.4M | $3.0M | $306K | — | View 990 |
| 2015 | $5.6M | $5.1M | $2.8M | $417K | — | View 990 |
| 2014 | $5.6M | $5.3M | $2.4M | $516K | — | View 990 |
| 2013 | $5.6M | $5.4M | $2.3M | $649K | — | View 990 |
| 2012 | $5.6M | $5.2M | $2.2M | $785K | — | View 990 |
| 2011 | $5.5M | $5.1M | $1.7M | $755K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $4.8M, and assets of $4.7M (revenue +6.3% year-over-year).
- 2022: Revenue of $4.9M, expenses of $4.7M, and assets of $4.3M (revenue +43.1% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.4M, and assets of $4.7M (revenue -18.6% year-over-year).
- 2020: Revenue of $4.2M, expenses of $4.5M, and assets of $4.7M (revenue -27.1% year-over-year).
- 2019: Revenue of $5.8M, expenses of $5.0M, and assets of $4.3M (revenue +7.7% year-over-year).
- 2018: Revenue of $5.4M, expenses of $4.8M, and assets of $3.5M (revenue -0.4% year-over-year).
- 2017: Revenue of $5.4M, expenses of $5.3M, and assets of $3.0M (revenue -4.2% year-over-year).
- 2016: Revenue of $5.6M, expenses of $5.4M, and assets of $3.0M (revenue +0.6% year-over-year).
- 2015: Revenue of $5.6M, expenses of $5.1M, and assets of $2.8M (revenue +0.4% year-over-year).
- 2014: Revenue of $5.6M, expenses of $5.3M, and assets of $2.4M (revenue -1.1% year-over-year).
- 2013: Revenue of $5.6M, expenses of $5.4M, and assets of $2.3M (revenue -0.3% year-over-year).
- 2012: Revenue of $5.6M, expenses of $5.2M, and assets of $2.2M (revenue +3.0% year-over-year).
- 2011: Revenue of $5.5M, expenses of $5.1M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Amicus:
Data Sources and Methodology
This transparency report for Amicus 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.