Augusta Food Bank
Augusta Food Bank shows consistent revenue growth and strong program focus with no reported officer compensation.
EIN: 10545734 · Augusta, ME · NTEE: K31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $2.3M |
| Program Spending | 90% |
| Net Assets | $1.6M |
| Transparency Score | 92/100 |
Is Augusta Food Bank Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Augusta Food Bank directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Augusta Food Bank
Augusta Food Bank (EIN: 10545734) is a nonprofit organization based in Augusta, ME, classified under NTEE code K31. The organization reported total revenue of $3.1M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Augusta Food Bank's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Augusta Food Bank is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 31.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$45K |
| Total Assets | $1.6M |
| Total Liabilities | $641 |
| Net Assets | $1.6M |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 8.3 months |
Financial Health Grade: A
In 2023, Augusta Food Bank reported a surplus of $45K with revenue exceeding expenses, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Augusta Food Bank's revenue has grown at a compound annual growth rate (CAGR) of 31.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | +15.1% | +5.8% |
| 2022 | +18.1% | +12.2% | +20.6% |
| 2021 | +2.7% | +4.9% | +8.5% |
| 2020 | +90.9% | +81.9% | +19.9% |
| 2019 | +154.4% | +278.7% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Augusta Food Bank 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, Augusta Food Bank 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 $45K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Augusta Food Bank reports 0% officer compensation across all available filings, indicating a highly efficient operational model where leadership is either volunteer-based or compensated through other means not classified as officer compensation, allowing more funds to directly support programs.
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 Augusta Food Bank:
- Consistent and substantial revenue growth over the past decade, from $134,276 in 2014 to $2,302,198 in 2023.
- Zero reported officer compensation across all 13 filings, indicating highly efficient resource allocation.
- Strong program spending ratio, with a significant majority of expenses directed towards its mission.
- Healthy asset growth, from $99,448 in 2014 to $1,555,554 in 2023, demonstrating financial stability.
- Consistent surplus generation, with revenues generally exceeding expenses, allowing for asset accumulation and future program expansion.
Frequently Asked Questions about Augusta Food Bank
Is Augusta Food Bank a legitimate charity?
Augusta Food Bank (EIN: 10545734) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Augusta Food Bank spend its money?
Augusta Food Bank directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Augusta Food Bank tax-deductible?
Augusta Food Bank is registered as a tax-exempt nonprofit (EIN: 10545734). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Augusta Food Bank's spending goes to programs?
Augusta Food Bank directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Augusta Food Bank compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Augusta Food Bank is above average for NTEE category K31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Augusta Food Bank located?
Augusta Food Bank is headquartered in Augusta, Maine and files with the IRS under EIN 10545734. It is classified under NTEE code K31.
How many years of IRS 990 filings does Augusta Food Bank have?
Augusta Food Bank 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 $3.1M in total revenue.
Is Augusta Food Bank a good charity?
Based on its financial data, Augusta Food Bank appears to be a very good charity. It demonstrates strong financial health, consistent growth, and a high percentage of spending dedicated to its programs, with no reported officer compensation, indicating efficient use of donations.
How has Augusta Food Bank's revenue grown over time?
Augusta Food Bank has experienced significant revenue growth, increasing from $134,276 in 2014 to $2,302,198 in 2023, and a latest reported revenue of $3,062,366, indicating substantial expansion of its operations and support.
What is Augusta Food Bank's asset base?
The organization's assets have grown considerably, reaching $1,555,554 in 2023 and a latest reported asset value of $1,694,828, reflecting a strong and growing financial foundation.
Filing History
IRS 990 filing history for Augusta Food Bank showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Augusta Food Bank's revenue has grown by 2529.7%, moving from $88K to $2.3M. Total assets increased by 2392.5% over the same period, from $62K to $1.6M. Total functional expenses rose by 2517.4%, from $86K to $2.3M. In its most recent filing year (2023), Augusta Food Bank reported a surplus of $45K, with revenue exceeding expenses. The organization holds $641 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.3M | $1.6M | $641 | — | — |
| 2022 | $2.2M | $2.0M | $1.5M | $0 | — | View 990 |
| 2021 | $1.9M | $1.7M | $1.2M | $0 | — | View 990 |
| 2020 | $1.8M | $1.7M | $1.1M | $29K | — | View 990 |
| 2019 | $955K | $916K | $938K | $0 | — | View 990 |
| 2018 | $375K | $242K | $935K | $36K | — | View 990 |
| 2017 | $435K | $186K | $964K | $199K | — | View 990 |
| 2016 | $526K | $159K | $516K | $0 | — | View 990 |
| 2015 | $170K | $121K | $149K | $0 | — | View 990 |
| 2014 | $134K | $97K | $99K | $0 | — | View 990 |
| 2013 | $90K | $84K | $64K | $2K | — | View 990 |
| 2012 | $87K | $93K | $57K | $2K | — | View 990 |
| 2011 | $88K | $86K | $62K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.3M, and assets of $1.6M (revenue +4.1% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.0M, and assets of $1.5M (revenue +18.1% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.7M, and assets of $1.2M (revenue +2.7% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.7M, and assets of $1.1M (revenue +90.9% year-over-year).
- 2019: Revenue of $955K, expenses of $916K, and assets of $938K (revenue +154.4% year-over-year).
- 2018: Revenue of $375K, expenses of $242K, and assets of $935K (revenue -13.7% year-over-year).
- 2017: Revenue of $435K, expenses of $186K, and assets of $964K (revenue -17.3% year-over-year).
- 2016: Revenue of $526K, expenses of $159K, and assets of $516K (revenue +209.8% year-over-year).
- 2015: Revenue of $170K, expenses of $121K, and assets of $149K (revenue +26.5% year-over-year).
- 2014: Revenue of $134K, expenses of $97K, and assets of $99K (revenue +48.8% year-over-year).
- 2013: Revenue of $90K, expenses of $84K, and assets of $64K (revenue +3.6% year-over-year).
- 2012: Revenue of $87K, expenses of $93K, and assets of $57K (revenue -0.5% year-over-year).
- 2011: Revenue of $88K, expenses of $86K, and assets of $62K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Augusta Food Bank:
Data Sources and Methodology
This transparency report for Augusta Food Bank 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.