Bangor Young Mens Christian Association

Bangor YMCA shows strong financial growth and consistent surpluses, with no reported officer compensation.

EIN: 10211485 · Bangor, ME · NTEE: P270 · Updated: 2026-03-28

$12.3MRevenue

$28.5MAssets

85/100Mission Score (Excellent)

P270

About Bangor Young Mens Christian Association

Bangor Young Mens Christian Association (EIN: 10211485) is a nonprofit organization based in Bangor, ME, classified under NTEE code P270. The organization reported total revenue of $12.3M and total assets of $28.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bangor Young Mens Christian Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Bangor Young Mens Christian Association demonstrates a generally healthy financial position with significant growth in revenue and assets over the past few years. For instance, revenue surged from $4,935,728 in 2020 to $8,514,863 in 2023, and assets more than doubled from $11,068,892 to $23,541,789 in the same period. This growth, particularly the substantial increase in assets, suggests effective financial management and potentially successful fundraising or investment strategies.

The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of this size and could indicate that executive compensation is reported under different categories or that the organization relies heavily on volunteer leadership for its top roles. This lack of reported officer compensation, while seemingly positive, warrants further investigation for complete transparency. The organization's spending efficiency appears strong, with expenses generally well below revenue, leading to consistent surpluses, such as the $1,975,804 surplus in 2023 ($8,514,863 revenue - $6,539,059 expenses).

While the financial growth is impressive, the consistent reporting of 0% officer compensation across all periods is a significant data point that impacts the assessment of transparency. It's atypical for an organization with over $8 million in annual revenue and $23 million in assets to report no compensation for its officers. This could be a reporting anomaly or a unique operational structure, but it does raise questions about the full picture of administrative costs and leadership remuneration.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bangor Young Mens Christian Association 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, Bangor Young Mens Christian Association 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

The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $8 million and assets over $23 million. This suggests either a unique leadership structure, reliance on volunteer executives, or that compensation for top leadership is categorized differently within the financial statements.

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 Young Mens Christian Association's IRS 990 filings:

Consistent 0% officer compensation reported, which is atypical for an organization of this scale and could indicate a lack of transparency in executive remuneration reporting.

Strengths

The following positive indicators were identified for Bangor Young Mens Christian Association:

Strong financial growth with revenue increasing from $4,935,728 in 2020 to $8,514,863 in 2023.
Significant asset growth from $11,068,892 in 2020 to $23,541,789 in 2023, indicating robust financial health.
Consistent generation of surpluses, with expenses generally well below revenue (e.g., $1,975,804 surplus in 2023).
Effective management of liabilities, which have remained relatively stable despite substantial asset growth.

Frequently Asked Questions about Bangor Young Mens Christian Association

Why is officer compensation consistently reported as 0% across all filings?

The consistent reporting of 0% officer compensation is highly unusual for an organization of this size and warrants further inquiry to understand how executive leadership is compensated or structured.

What contributed to the significant revenue spike in 2021 to $15,937,355?

The 2021 revenue of $15,937,355 was significantly higher than surrounding years, suggesting a one-time event, major grant, or capital campaign that boosted income.

How does the organization manage its liabilities, which have remained relatively stable despite asset growth?

Liabilities have remained relatively stable, around $2.5-$2.9 million, even as assets have grown substantially, indicating good debt management relative to asset expansion.

What is the primary driver of the substantial asset growth from $11,068,892 in 2020 to $23,541,789 in 2023?

The significant asset growth suggests successful investment strategies, capital campaigns, or accumulation of surpluses over recent years.

Filing History

IRS 990 filing history for Bangor Young Mens Christian Association showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2023), Bangor Young Mens Christian Association's revenue has grown by 287.9%, moving from $2.2M to $8.5M. Total assets increased by 132.3% over the same period, from $10.1M to $23.5M. Total functional expenses rose by 73.8%, from $3.8M to $6.5M. In its most recent filing year (2023), Bangor Young Mens Christian Association reported a surplus of $2.0M, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $23.5M in assets (debt-to-asset ratio: 11.5%), resulting in net assets of $20.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$8.5M	$6.5M	$23.5M	$2.7M	—	—
2022	$7.8M	$6.4M	$20.7M	$2.8M	—	View 990
2021	$15.9M	$5.3M	$20.5M	$2.5M	—	View 990
2020	$4.9M	$4.6M	$11.1M	$2.7M	—	—
2019	$4.9M	$5.0M	$10.4M	$2.9M	—	View 990
2018	$4.3M	$4.5M	$9.6M	$2.7M	—	View 990
2017	$4.0M	$4.0M	$9.8M	$2.5M	—	View 990
2016	$751K	$854K	$9.5M	$2.6M	—	View 990
2016	$3.7M	$3.8M	$9.5M	$2.6M	—	View 990
2015	$3.5M	$3.4M	$9.4M	$2.6M	—	View 990
2014	$3.5M	$3.6M	$9.6M	$2.6M	—	View 990
2013	$3.1M	$3.9M	$9.7M	$2.9M	—	View 990
2012	$3.2M	$3.7M	$10.4M	$2.9M	—	View 990
2011	$2.2M	$3.8M	$10.1M	$2.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $8.5M, expenses of $6.5M, and assets of $23.5M (revenue +9.8% year-over-year).
2022: Revenue of $7.8M, expenses of $6.4M, and assets of $20.7M (revenue -51.3% year-over-year).
2021: Revenue of $15.9M, expenses of $5.3M, and assets of $20.5M (revenue +222.9% year-over-year).
2020: Revenue of $4.9M, expenses of $4.6M, and assets of $11.1M (revenue +1.0% year-over-year).
2019: Revenue of $4.9M, expenses of $5.0M, and assets of $10.4M (revenue +12.5% year-over-year).
2018: Revenue of $4.3M, expenses of $4.5M, and assets of $9.6M (revenue +9.1% year-over-year).
2017: Revenue of $4.0M, expenses of $4.0M, and assets of $9.8M (revenue +430.1% year-over-year).
2016: Revenue of $751K, expenses of $854K, and assets of $9.5M (revenue -79.6% year-over-year).
2016: Revenue of $3.7M, expenses of $3.8M, and assets of $9.5M (revenue +3.7% year-over-year).
2015: Revenue of $3.5M, expenses of $3.4M, and assets of $9.4M (revenue +1.2% year-over-year).
2014: Revenue of $3.5M, expenses of $3.6M, and assets of $9.6M (revenue +12.0% year-over-year).
2013: Revenue of $3.1M, expenses of $3.9M, and assets of $9.7M (revenue -2.6% year-over-year).
2012: Revenue of $3.2M, expenses of $3.7M, and assets of $10.4M (revenue +46.3% year-over-year).
2011: Revenue of $2.2M, expenses of $3.8M, and assets of $10.1M.

Data Sources and Methodology

This transparency report for Bangor Young Mens Christian Association 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.