Bangor Center Management Corp
Bangor Center Management Corp shows stable finances with growing assets but lacks detailed spending transparency.
EIN: 10433385 · Bangor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $217K |
| Total Expenses | $186K |
| Program Spending | 75% |
| Net Assets | $20K |
| Transparency Score | 65/100 |
Is Bangor Center Management Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bangor Center Management Corp directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bangor Center Management Corp
Bangor Center Management Corp (EIN: 10433385) is a nonprofit organization based in Bangor, ME. The organization reported total revenue of $217K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bangor Center Management Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bangor Center Management Corp is a small nonprofit that has been operating for 37 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $190K |
| Total Expenses | $186K |
| Surplus / Deficit | +$4K |
| Total Assets | $38K |
| Total Liabilities | $18K |
| Net Assets | $20K |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 46.8% |
| Months of Reserves | 2.4 months |
Financial Health Grade: A
In 2023, Bangor Center Management Corp reported a surplus of $4K with revenue exceeding expenses, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 46.8% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Bangor Center Management Corp's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +61.6% | +84.0% | +15.5% |
| 2022 | +31.8% | +11.5% | +110.4% |
| 2021 | +4.2% | -18.3% | +769.2% |
| 2020 | +14.4% | +49.1% | -95.0% |
| 2019 | -1.2% | +23.8% | +36.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Bangor Center Management Corp with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 75%
- fundraising: 5%
According to IRS 990 filings, Bangor Center Management Corp allocates its expenses as follows: admin: 20%, programs: 75%, fundraising: 5%. With 75% 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 $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting that the organization's leadership may be entirely volunteer-based or compensated through mechanisms not categorized as officer compensation on the 990 form.
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 Bangor Center Management Corp's IRS 990 filings:
- Unknown NTEE Code, hindering understanding of mission focus
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Fluctuating liabilities, though generally manageable relative to assets
Strengths
The following positive indicators were identified for Bangor Center Management Corp:
- Consistent revenue generation over multiple years
- Positive trend in assets, indicating financial growth and stability
- Revenues generally exceeding expenses in recent periods (e.g., 2023: $190,324 revenue vs. $186,437 expenses)
- No reported officer compensation, potentially indicating volunteer leadership
Frequently Asked Questions about Bangor Center Management Corp
Is Bangor Center Management Corp a legitimate charity?
Bangor Center Management Corp (EIN: 10433385) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $217K. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Bangor Center Management Corp spend its money?
Bangor Center Management Corp directs 75% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bangor Center Management Corp tax-deductible?
Bangor Center Management Corp is registered as a tax-exempt nonprofit (EIN: 10433385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bangor Center Management Corp's spending goes to programs?
Bangor Center Management Corp directs 75% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bangor Center Management Corp located?
Bangor Center Management Corp is headquartered in Bangor, Maine and files with the IRS under EIN 10433385.
How many years of IRS 990 filings does Bangor Center Management Corp have?
Bangor Center Management Corp has 12 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 $217K in total revenue.
What are Bangor Center Management Corp's primary programs and how much is spent on them?
The provided IRS 990 data does not specify the organization's primary programs or the exact allocation of expenses to these programs. The NTEE code is also listed as 'Unknown', making it difficult to ascertain its mission focus from the filings alone.
Why is officer compensation consistently reported as zero?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's officers may serve in a volunteer capacity or receive compensation through other means not classified as officer compensation on the 990 form.
How does the organization manage its liabilities?
Liabilities have fluctuated, from $0 in 2017 to $17,788 in 2023. While they have increased in recent years, they remain significantly lower than assets, indicating a healthy financial position where assets comfortably cover liabilities.
What is the trend in the organization's net assets?
Net assets have shown a positive trend, particularly from 2020 ($1,801) to 2023 ($38,045), indicating that the organization is accumulating resources and improving its financial stability over time.
Filing History
IRS 990 filing history for Bangor Center Management Corp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Bangor Center Management Corp's revenue has grown by 191.8%, moving from $65K to $190K. Total assets increased by 83.3% over the same period, from $21K to $38K. Total functional expenses rose by 201.5%, from $62K to $186K. In its most recent filing year (2023), Bangor Center Management Corp reported a surplus of $4K, with revenue exceeding expenses. The organization holds $18K in liabilities against $38K in assets (debt-to-asset ratio: 46.8%), resulting in net assets of $20K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $190K | $186K | $38K | $18K | — | View 990 |
| 2022 | $118K | $101K | $33K | $17K | — | View 990 |
| 2021 | $89K | $91K | $16K | $16K | — | View 990 |
| 2020 | $86K | $111K | $2K | $375 | — | View 990 |
| 2019 | $75K | $75K | $36K | $9K | — | View 990 |
| 2018 | $76K | $60K | $27K | $0 | — | View 990 |
| 2017 | $64K | $90K | $11K | $0 | — | View 990 |
| 2016 | $72K | $59K | $37K | $73 | — | View 990 |
| 2015 | $92K | $82K | $28K | $4K | — | View 990 |
| 2014 | $101K | $100K | $31K | $16K | — | View 990 |
| 2013 | $87K | $92K | $33K | $18K | — | View 990 |
| 2012 | $65K | $62K | $21K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $190K, expenses of $186K, and assets of $38K (revenue +61.6% year-over-year).
- 2022: Revenue of $118K, expenses of $101K, and assets of $33K (revenue +31.8% year-over-year).
- 2021: Revenue of $89K, expenses of $91K, and assets of $16K (revenue +4.2% year-over-year).
- 2020: Revenue of $86K, expenses of $111K, and assets of $2K (revenue +14.4% year-over-year).
- 2019: Revenue of $75K, expenses of $75K, and assets of $36K (revenue -1.2% year-over-year).
- 2018: Revenue of $76K, expenses of $60K, and assets of $27K (revenue +18.9% year-over-year).
- 2017: Revenue of $64K, expenses of $90K, and assets of $11K (revenue -10.9% year-over-year).
- 2016: Revenue of $72K, expenses of $59K, and assets of $37K (revenue -21.9% year-over-year).
- 2015: Revenue of $92K, expenses of $82K, and assets of $28K (revenue -8.9% year-over-year).
- 2014: Revenue of $101K, expenses of $100K, and assets of $31K (revenue +15.3% year-over-year).
- 2013: Revenue of $87K, expenses of $92K, and assets of $33K (revenue +33.8% year-over-year).
- 2012: Revenue of $65K, expenses of $62K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bangor Center Management Corp:
Data Sources and Methodology
This transparency report for Bangor Center Management Corp 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.