Bar Harbor Village Improvement Association
Bar Harbor Village Improvement Association consistently maintains low expenses and zero officer compensation, growing assets to over $1.3 million.
EIN: 10024907 · Bar Harbor, ME · NTEE: S20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $948K |
| Total Expenses | $79K |
| Program Spending | 90% |
| Net Assets | $1.3M |
| Transparency Score | 95/100 |
Is Bar Harbor Village Improvement Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bar Harbor Village Improvement Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bar Harbor Village Improvement Association
Bar Harbor Village Improvement Association (EIN: 10024907) is a nonprofit organization based in Bar Harbor, ME, classified under NTEE code S20Z. The organization reported total revenue of $948K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bar Harbor Village Improvement Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bar Harbor Village Improvement Association is a small nonprofit that has been operating for 30 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 20.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $380K |
| Total Expenses | $79K |
| Surplus / Deficit | +$300K |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | 79.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 203.1 months |
Financial Health Grade: A
In 2024, Bar Harbor Village Improvement Association reported a surplus of $300K with revenue exceeding expenses, holds 203.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2024), Bar Harbor Village Improvement Association's revenue has grown at a compound annual growth rate (CAGR) of 20.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +188.3% | +126.3% | +29.0% |
| 2023 | +32.8% | +23.7% | +10.3% |
| 2022 | +2.5% | -20.9% | +8.3% |
| 2021 | -27.9% | -80.3% | +7.6% |
| 2020 | -43.8% | +4.0% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Bar Harbor Village Improvement Association with a Mission Score of 95 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, Bar Harbor Village Improvement Association 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $300K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for directing funds to 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 Bar Harbor Village Improvement Association:
- Consistent asset growth, from $594,685 in 201307 to $1,337,999 in 202407.
- Extremely low expenses relative to revenue, indicating high operational efficiency (e.g., $379,504 revenue vs. $79,044 expenses in 202407).
- Zero reported officer compensation across all filing periods, demonstrating a strong commitment to mission-focused spending.
- Minimal to no reported liabilities, indicating a very healthy balance sheet.
- Long history of consistent IRS 990 filings, showing strong transparency and compliance.
Frequently Asked Questions about Bar Harbor Village Improvement Association
Is Bar Harbor Village Improvement Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Bar Harbor Village Improvement Association (EIN: 10024907) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Bar Harbor Village Improvement Association spend its money?
Bar Harbor Village Improvement Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bar Harbor Village Improvement Association tax-deductible?
Bar Harbor Village Improvement Association is registered as a tax-exempt nonprofit (EIN: 10024907). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bar Harbor Village Improvement Association's spending goes to programs?
Bar Harbor Village Improvement Association directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bar Harbor Village Improvement Association compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Bar Harbor Village Improvement Association is above average for NTEE category S20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bar Harbor Village Improvement Association located?
Bar Harbor Village Improvement Association is headquartered in Bar Harbor, Maine and files with the IRS under EIN 10024907. It is classified under NTEE code S20Z.
How many years of IRS 990 filings does Bar Harbor Village Improvement Association have?
Bar Harbor Village Improvement Association has 11 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 $948K in total revenue.
Is the Bar Harbor Village Improvement Association financially stable?
Yes, the organization is very financially stable. Its assets have consistently grown from $594,685 in 201307 to $1,337,999 in 202407, and it consistently reports minimal to no liabilities.
How efficient is the Bar Harbor Village Improvement Association with its spending?
The organization appears highly efficient. For example, in 202407, it generated $379,504 in revenue while incurring only $79,044 in expenses, indicating a very low overhead relative to its income.
Does the Bar Harbor Village Improvement Association pay its officers?
No, the IRS 990 filings consistently report 0% for officer compensation across all available periods, suggesting a volunteer-led or very lean executive structure.
What is the trend in the organization's revenue?
Revenue has fluctuated but shows a general upward trend, with the latest reported revenue at $379,504 in 202407, significantly higher than earlier periods like $44,535 in 201307.
Filing History
IRS 990 filing history for Bar Harbor Village Improvement Association showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Bar Harbor Village Improvement Association's revenue has grown by 798.3%, moving from $42K to $380K. Total assets increased by 118.6% over the same period, from $612K to $1.3M. Total functional expenses rose by 184.4%, from $28K to $79K. In its most recent filing year (2024), Bar Harbor Village Improvement Association reported a surplus of $300K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $380K | $79K | $1.3M | $1 | — | — |
| 2023 | $132K | $35K | $1.0M | $1 | — | View 990 |
| 2022 | $99K | $28K | $941K | $1 | — | View 990 |
| 2021 | $97K | $36K | $869K | $1 | — | View 990 |
| 2020 | $134K | $182K | $808K | $1 | — | View 990 |
| 2019 | $239K | $175K | $855K | $1 | — | View 990 |
| 2016 | $53K | $11K | $757K | $1 | — | View 990 |
| 2015 | $106K | $28K | $715K | $1 | — | View 990 |
| 2014 | $66K | $23K | $637K | $1 | — | View 990 |
| 2013 | $45K | $62K | $595K | $0 | — | View 990 |
| 2012 | $42K | $28K | $612K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $380K, expenses of $79K, and assets of $1.3M (revenue +188.3% year-over-year).
- 2023: Revenue of $132K, expenses of $35K, and assets of $1.0M (revenue +32.8% year-over-year).
- 2022: Revenue of $99K, expenses of $28K, and assets of $941K (revenue +2.5% year-over-year).
- 2021: Revenue of $97K, expenses of $36K, and assets of $869K (revenue -27.9% year-over-year).
- 2020: Revenue of $134K, expenses of $182K, and assets of $808K (revenue -43.8% year-over-year).
- 2019: Revenue of $239K, expenses of $175K, and assets of $855K (revenue +348.6% year-over-year).
- 2016: Revenue of $53K, expenses of $11K, and assets of $757K (revenue -49.7% year-over-year).
- 2015: Revenue of $106K, expenses of $28K, and assets of $715K (revenue +61.3% year-over-year).
- 2014: Revenue of $66K, expenses of $23K, and assets of $637K (revenue +47.1% year-over-year).
- 2013: Revenue of $45K, expenses of $62K, and assets of $595K (revenue +5.4% year-over-year).
- 2012: Revenue of $42K, expenses of $28K, and assets of $612K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bar Harbor Village Improvement Association:
Data Sources and Methodology
This transparency report for Bar Harbor Village Improvement 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.