Androscoggin Banks Mainstreet Foundation
EIN: 311573495 · Portland, ME · NTEE: T20Z
| Metric | Value |
|---|---|
| Total Revenue | $623K |
| Total Expenses | $139K |
| Net Assets | $662K |
Is Androscoggin Banks Mainstreet Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Androscoggin Banks Mainstreet Foundation
Androscoggin Banks Mainstreet Foundation (EIN: 311573495) is a nonprofit organization based in Portland, ME, classified under NTEE code T20Z. The organization reported total revenue of $623K and total assets of $690K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Androscoggin Banks Mainstreet Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Androscoggin Banks Mainstreet Foundation is a small nonprofit that has been operating for 29 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $139K |
| Surplus / Deficit | $-70,436 |
| Total Assets | $662K |
| Total Liabilities | $1 |
| Net Assets | $662K |
| Operating Margin | -102.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 57.2 months |
Financial Health Grade: B
In 2023, Androscoggin Banks Mainstreet Foundation reported a deficit of $70K with expenses exceeding revenue, holds 57.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Androscoggin Banks Mainstreet Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +243.3% | +68.6% | -9.6% |
| 2022 | -79.5% | -8.4% | -7.9% |
| 2021 | -17.4% | +5.0% | +0.9% |
| 2020 | +269.1% | -7.9% | -0.1% |
| 2019 | -41.2% | +14.6% | +8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Androscoggin Banks Mainstreet Foundation 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 Androscoggin Banks Mainstreet Foundation 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 $70K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Androscoggin Banks Mainstreet Foundation
Is Androscoggin Banks Mainstreet Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Androscoggin Banks Mainstreet Foundation (EIN: 311573495) insufficient data. 0 red flags identified, 0 strengths noted.
How does Androscoggin Banks Mainstreet Foundation spend its money?
Detailed spending breakdown data is not yet available for Androscoggin Banks Mainstreet Foundation. Check back for updated IRS 990 analysis.
Are donations to Androscoggin Banks Mainstreet Foundation tax-deductible?
Androscoggin Banks Mainstreet Foundation is registered as a tax-exempt nonprofit (EIN: 311573495). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Androscoggin Banks Mainstreet Foundation located?
Androscoggin Banks Mainstreet Foundation is headquartered in Portland, Maine and files with the IRS under EIN 311573495. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Androscoggin Banks Mainstreet Foundation have?
Androscoggin Banks Mainstreet Foundation has 11 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 $623K in total revenue.
Filing History
IRS 990 filing history for Androscoggin Banks Mainstreet Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Androscoggin Banks Mainstreet Foundation's revenue has grown by 34.7%, moving from $51K to $68K. Total assets decreased by 19.7% over the same period, from $824K to $662K. Total functional expenses rose by 173.3%, from $51K to $139K. In its most recent filing year (2023), Androscoggin Banks Mainstreet Foundation reported a deficit of $70K, with expenses exceeding revenue. The organization holds $1 in liabilities against $662K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $662K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $68K | $139K | $662K | $1 | — | View 990 |
| 2022 | $20K | $82K | $732K | $1 | — | View 990 |
| 2021 | $97K | $90K | $795K | $1 | — | — |
| 2020 | $118K | $86K | $787K | $1 | — | — |
| 2019 | $32K | $93K | $788K | $0 | — | View 990 |
| 2016 | $54K | $81K | $725K | $0 | — | — |
| 2015 | $47K | $85K | $752K | $0 | — | View 990 |
| 2014 | $81K | $89K | $789K | $0 | — | View 990 |
| 2013 | $68K | $88K | $797K | $0 | — | View 990 |
| 2012 | $55K | $62K | $817K | $2 | — | View 990 |
| 2011 | $51K | $51K | $824K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $68K, expenses of $139K, and assets of $662K (revenue +243.3% year-over-year).
- 2022: Revenue of $20K, expenses of $82K, and assets of $732K (revenue -79.5% year-over-year).
- 2021: Revenue of $97K, expenses of $90K, and assets of $795K (revenue -17.4% year-over-year).
- 2020: Revenue of $118K, expenses of $86K, and assets of $787K (revenue +269.1% year-over-year).
- 2019: Revenue of $32K, expenses of $93K, and assets of $788K (revenue -41.2% year-over-year).
- 2016: Revenue of $54K, expenses of $81K, and assets of $725K (revenue +15.1% year-over-year).
- 2015: Revenue of $47K, expenses of $85K, and assets of $752K (revenue -41.7% year-over-year).
- 2014: Revenue of $81K, expenses of $89K, and assets of $789K (revenue +18.2% year-over-year).
- 2013: Revenue of $68K, expenses of $88K, and assets of $797K (revenue +25.1% year-over-year).
- 2012: Revenue of $55K, expenses of $62K, and assets of $817K (revenue +7.5% year-over-year).
- 2011: Revenue of $51K, expenses of $51K, and assets of $824K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Androscoggin Banks Mainstreet Foundation:
Data Sources and Methodology
This transparency report for Androscoggin Banks Mainstreet Foundation 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.