Bangor Masonic Foundation
Bangor Masonic Foundation shows strong asset growth and no liabilities, with fluctuating but generally positive revenue trends.
EIN: 205384293 · Bangor, ME · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $207K |
| Total Expenses | $174K |
| Program Spending | 90% |
| Net Assets | $1.8M |
| Transparency Score | 92/100 |
Is Bangor Masonic Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bangor Masonic Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bangor Masonic Foundation
Bangor Masonic Foundation (EIN: 205384293) is a nonprofit organization based in Bangor, ME, classified under NTEE code P80. The organization reported total revenue of $207K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bangor Masonic Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bangor Masonic Foundation is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $369K |
| Total Expenses | $174K |
| Surplus / Deficit | +$195K |
| Total Assets | $1.8M |
| Net Assets | $1.8M |
| Operating Margin | 52.8% |
| Months of Reserves | 124.3 months |
Financial Health Grade: A
In 2023, Bangor Masonic Foundation reported a surplus of $195K with revenue exceeding expenses, holds 124.3 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Bangor Masonic Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +168.1% | +2.3% | +7.7% |
| 2022 | -16.9% | +29.6% | -5.5% |
| 2021 | +59.3% | -10.6% | +9.6% |
| 2020 | -16.3% | -19.6% | -1.6% |
| 2019 | -6.5% | +3.2% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Masonic Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Bangor Masonic Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $195K, with revenue exceeding expenses.
Executive Compensation Analysis
The Bangor Masonic Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This suggests a volunteer-driven leadership model, which is highly efficient and directs more resources towards the organization's mission.
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 Bangor Masonic Foundation:
- Consistent asset growth, reaching $1,878,101 in the latest period.
- Zero reported liabilities across all filings, indicating strong financial health.
- No officer compensation, suggesting efficient use of funds for mission-related activities.
- Strong revenue in 2023 ($369,042) significantly exceeded expenses ($174,303), allowing for asset accumulation.
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Bangor Masonic Foundation
Is Bangor Masonic Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bangor Masonic Foundation (EIN: 205384293) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Bangor Masonic Foundation spend its money?
Bangor Masonic Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bangor Masonic Foundation tax-deductible?
Bangor Masonic Foundation is registered as a tax-exempt nonprofit (EIN: 205384293). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bangor Masonic Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Bangor Masonic Foundation is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bangor Masonic Foundation located?
Bangor Masonic Foundation is headquartered in Bangor, Maine and files with the IRS under EIN 205384293. It is classified under NTEE code P80.
How many years of IRS 990 filings does Bangor Masonic Foundation have?
Bangor Masonic Foundation has 14 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 $207K in total revenue.
Is Bangor Masonic Foundation financially stable?
Yes, with assets consistently over $1.6 million and no reported liabilities, the foundation demonstrates strong financial stability.
How has the foundation's revenue trended recently?
Revenue has fluctuated, with a significant increase to $369,042 in 2023, up from $137,667 in 2022 and $165,647 in 2021.
Does the organization pay its officers?
No, the organization consistently reports 0% officer compensation in all available filings.
What is the organization's asset growth like?
Assets have shown consistent growth, increasing from $1,676,038 in 2022 to $1,805,773 in 2023, and reaching $1,878,101 in the latest period.
Filing History
IRS 990 filing history for Bangor Masonic Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Bangor Masonic Foundation's revenue has grown by 137%, moving from $156K to $369K. Total assets decreased by 36.4% over the same period, from $2.8M to $1.8M. Total functional expenses fell by 23.3%, from $227K to $174K. In its most recent filing year (2023), Bangor Masonic Foundation reported a surplus of $195K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $369K | $174K | $1.8M | $0 | — | — |
| 2022 | $138K | $170K | $1.7M | $0 | — | View 990 |
| 2021 | $166K | $131K | $1.8M | $0 | — | View 990 |
| 2020 | $104K | $147K | $1.6M | $0 | — | View 990 |
| 2019 | $124K | $183K | $1.6M | $0 | — | View 990 |
| 2018 | $133K | $177K | $1.6M | $0 | — | View 990 |
| 2017 | $135K | $170K | $1.6M | $0 | — | View 990 |
| 2016 | $138K | $185K | $1.6M | $0 | — | View 990 |
| 2015 | $129K | $198K | $1.6M | $0 | — | View 990 |
| 2014 | $109K | $156K | $1.7M | $0 | — | View 990 |
| 2013 | $110K | $134K | $1.7M | $0 | — | View 990 |
| 2012 | $-88,078 | $149K | $1.9M | $254K | — | View 990 |
| 2011 | $144K | $207K | $2.6M | $706K | — | View 990 |
| 2010 | $156K | $227K | $2.8M | $907K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $369K, expenses of $174K, and assets of $1.8M (revenue +168.1% year-over-year).
- 2022: Revenue of $138K, expenses of $170K, and assets of $1.7M (revenue -16.9% year-over-year).
- 2021: Revenue of $166K, expenses of $131K, and assets of $1.8M (revenue +59.3% year-over-year).
- 2020: Revenue of $104K, expenses of $147K, and assets of $1.6M (revenue -16.3% year-over-year).
- 2019: Revenue of $124K, expenses of $183K, and assets of $1.6M (revenue -6.5% year-over-year).
- 2018: Revenue of $133K, expenses of $177K, and assets of $1.6M (revenue -1.4% year-over-year).
- 2017: Revenue of $135K, expenses of $170K, and assets of $1.6M (revenue -2.1% year-over-year).
- 2016: Revenue of $138K, expenses of $185K, and assets of $1.6M (revenue +6.7% year-over-year).
- 2015: Revenue of $129K, expenses of $198K, and assets of $1.6M (revenue +17.9% year-over-year).
- 2014: Revenue of $109K, expenses of $156K, and assets of $1.7M (revenue -0.9% year-over-year).
- 2013: Revenue of $110K, expenses of $134K, and assets of $1.7M.
- 2012: Revenue of $-88,078, expenses of $149K, and assets of $1.9M (revenue -161.2% year-over-year).
- 2011: Revenue of $144K, expenses of $207K, and assets of $2.6M (revenue -7.6% year-over-year).
- 2010: Revenue of $156K, expenses of $227K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bangor Masonic Foundation:
Data Sources and Methodology
This transparency report for Bangor Masonic 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.