Association Of Homeschoolers Of Maine
Association Of Homeschoolers Of Maine operates with fluctuating revenues and occasional deficits, maintaining a modest asset base.
EIN: 10546309 · Camden, ME · NTEE: B99 · Updated: 2026-03-28
Is Association Of Homeschoolers Of Maine Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Association Of Homeschoolers Of Maine directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Association Of Homeschoolers Of Maine
Association Of Homeschoolers Of Maine (EIN: 10546309) is a nonprofit organization based in Camden, ME, classified under NTEE code B99. The organization reported total revenue of $89K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Association Of Homeschoolers Of Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Association Of Homeschoolers Of Maine 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, Association Of Homeschoolers Of Maine 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.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of this size.
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 Association Of Homeschoolers Of Maine's IRS 990 filings:
- Consistent operational deficits in recent years (202312: -$20,361; 202212: -$14,640), which could deplete assets if not reversed.
Strengths
The following positive indicators were identified for Association Of Homeschoolers Of Maine:
- Zero officer compensation reported across all filings, indicating high efficiency in directing funds to programs.
- Long history of consistent IRS 990 filings (13 filings), demonstrating strong transparency.
- Relatively low liabilities across most periods, suggesting sound financial management.
- Consistent revenue generation over a decade, indicating a stable donor base or program income.
Frequently Asked Questions about Association Of Homeschoolers Of Maine
Is Association Of Homeschoolers Of Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, Association Of Homeschoolers Of Maine (EIN: 10546309) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Association Of Homeschoolers Of Maine spend its money?
Association Of Homeschoolers Of Maine directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Association Of Homeschoolers Of Maine tax-deductible?
Association Of Homeschoolers Of Maine is registered as a tax-exempt nonprofit (EIN: 10546309). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Association Of Homeschoolers Of Maine a good charity?
Based on the available data, the Association Of Homeschoolers Of Maine appears to be a good charity, particularly due to its strong program focus (zero officer compensation) and consistent financial reporting. While it experiences some operational deficits, its long history and modest liabilities suggest responsible management.
How has the organization's financial health changed over the past few years?
The organization's financial health has seen fluctuations. In 202312 and 202212, expenses ($84,830 and $101,234 respectively) exceeded revenues ($64,469 and $86,594), leading to deficits. However, in 202112 and 202012, revenues ($100,461 and $81,320) exceeded expenses ($87,233 and $63,508), resulting in surpluses. Assets have also fluctuated, from a high of $63,588 in 202112 to $28,863 in 202312.
What is the trend in the organization's assets?
The organization's assets have fluctuated over time. They reached a peak of $63,588 in 202112 but have since decreased to $28,863 in 202312. This indicates that while the organization has built up reserves, it has also drawn upon them in recent years.
Filing History
IRS 990 filing history for Association Of Homeschoolers Of Maine showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Association Of Homeschoolers Of Maine's revenue has grown by 17.2%, moving from $55K to $64K. Total assets increased by 66.2% over the same period, from $17K to $29K. Total functional expenses rose by 62.8%, from $52K to $85K. In its most recent filing year (2023), Association Of Homeschoolers Of Maine reported a deficit of $20K, with expenses exceeding revenue. The organization holds $1K in liabilities against $29K in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $28K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $64K | $85K | $29K | $1K | — | — |
| 2022 | $87K | $101K | $48K | $167 | — | View 990 |
| 2021 | $100K | $87K | $64K | $866 | — | View 990 |
| 2020 | $81K | $64K | $50K | $877 | — | View 990 |
| 2019 | $46K | $34K | $32K | $0 | — | View 990 |
| 2018 | $30K | $35K | $19K | $0 | — | View 990 |
| 2017 | $51K | $58K | $24K | $0 | — | View 990 |
| 2016 | $54K | $52K | $31K | $743 | — | View 990 |
| 2015 | $64K | $59K | $28K | $0 | — | View 990 |
| 2014 | $32K | $34K | $24K | $0 | — | View 990 |
| 2013 | $70K | $62K | $25K | $0 | — | View 990 |
| 2012 | $54K | $54K | $17K | $0 | — | View 990 |
| 2011 | $55K | $52K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $64K, expenses of $85K, and assets of $29K (revenue -25.6% year-over-year).
- 2022: Revenue of $87K, expenses of $101K, and assets of $48K (revenue -13.8% year-over-year).
- 2021: Revenue of $100K, expenses of $87K, and assets of $64K (revenue +23.5% year-over-year).
- 2020: Revenue of $81K, expenses of $64K, and assets of $50K (revenue +76.3% year-over-year).
- 2019: Revenue of $46K, expenses of $34K, and assets of $32K (revenue +51.7% year-over-year).
- 2018: Revenue of $30K, expenses of $35K, and assets of $19K (revenue -40.3% year-over-year).
- 2017: Revenue of $51K, expenses of $58K, and assets of $24K (revenue -6.0% year-over-year).
- 2016: Revenue of $54K, expenses of $52K, and assets of $31K (revenue -14.8% year-over-year).
- 2015: Revenue of $64K, expenses of $59K, and assets of $28K (revenue +98.6% year-over-year).
- 2014: Revenue of $32K, expenses of $34K, and assets of $24K (revenue -54.1% year-over-year).
- 2013: Revenue of $70K, expenses of $62K, and assets of $25K (revenue +29.5% year-over-year).
- 2012: Revenue of $54K, expenses of $54K, and assets of $17K (revenue -2.1% year-over-year).
- 2011: Revenue of $55K, expenses of $52K, and assets of $17K.
Data Sources and Methodology
This transparency report for Association Of Homeschoolers Of Maine 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.