Baran Place Inc

Baran Place Inc. consistently operates with slight deficits but has significantly reduced liabilities over the past decade.

EIN: 10495219 · Eliot, ME · NTEE: L20 · Updated: 2026-03-28

$425KRevenue

$1.3MAssets

85/100Mission Score (Excellent)

L20

About Baran Place Inc

Baran Place Inc (EIN: 10495219) is a nonprofit organization based in Eliot, ME, classified under NTEE code L20. The organization reported total revenue of $425K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Baran Place Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Baran Place Inc. demonstrates consistent financial operations, with revenues generally tracking expenses over the past decade. In the latest period (202312), the organization reported revenues of $391,320 against expenses of $405,320, indicating a slight operational deficit. This trend of expenses slightly exceeding revenue has been consistent across most of the reviewed periods, suggesting a need for careful financial management to maintain long-term sustainability. The organization's assets have shown a gradual decline from $1,799,949 in 2014 to $1,530,258 in 2023, while liabilities have significantly decreased from $2,691,307 in 2014 to $53,183 in 2023, which is a positive development in its financial structure. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and public trust.

While the organization's financial health appears stable with a significant reduction in liabilities, the consistent operational deficits warrant attention. The NTEE code L20 (Housing/Shelter) suggests a focus on direct service, and the absence of officer compensation aligns well with a mission-driven approach. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The overall trend suggests a well-managed organization that is actively reducing its debt burden, which is a strong indicator of improving financial stability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Baran Place Inc 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, Baran Place Inc 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

Baran Place Inc. reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.

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 Baran Place Inc's IRS 990 filings:

Consistent operational deficits (e.g., $14,000 deficit in 2023)
Gradual decline in total assets over the past decade (from $1.79M in 2014 to $1.53M in 2023)

Strengths

The following positive indicators were identified for Baran Place Inc:

Zero officer compensation reported across all filings, indicating strong commitment to mission
Dramatic reduction in liabilities from over $2.6 million to $53,183 between 2021 and 2023, significantly improving financial health
Consistent revenue generation over the past decade, demonstrating stable donor/funding base

Frequently Asked Questions about Baran Place Inc

Is Baran Place Inc. financially sustainable given its consistent operational deficits?

While Baran Place Inc. has consistently reported expenses slightly exceeding revenues (e.g., $405,320 expenses vs. $391,320 revenue in 2023), its significant reduction in liabilities from over $2.6 million to $53,183 suggests a strong effort to improve its financial foundation. Continued monitoring of these deficits and a strategy to balance the budget will be crucial for long-term sustainability.

How does Baran Place Inc. manage to operate without officer compensation?

The consistent reporting of 0% officer compensation across all filings indicates that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for directing funds to its mission.

What caused the dramatic reduction in liabilities from 2020 to 2021?

Liabilities decreased from $2,694,026 in 2020 to $2,696,654 in 2021, which is a slight increase. However, the significant drop occurred between 2021 ($2,696,654) and 2022 ($36,362), indicating a major financial restructuring or debt repayment during that period.

Filing History

IRS 990 filing history for Baran Place Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Baran Place Inc's revenue has grown by 12.4%, moving from $348K to $391K. Total assets decreased by 22.5% over the same period, from $2.0M to $1.5M. Total functional expenses rose by 30.7%, from $310K to $405K. In its most recent filing year (2023), Baran Place Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $53K in liabilities against $1.5M in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $1.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$391K	$405K	$1.5M	$53K	—	—
2022	$360K	$372K	$1.5M	$36K	—	—
2021	$347K	$395K	$1.5M	$2.7M	—	View 990
2020	$343K	$384K	$1.6M	$2.7M	—	View 990
2019	$341K	$373K	$1.6M	$2.7M	—	View 990
2018	$339K	$392K	$1.6M	$2.7M	—	View 990
2017	$338K	$383K	$1.7M	$2.7M	—	View 990
2016	$334K	$371K	$1.7M	$2.7M	—	View 990
2015	$341K	$356K	$1.8M	$2.7M	—	View 990
2014	$313K	$394K	$1.8M	$2.7M	—	View 990
2013	$312K	$339K	$1.9M	$2.7M	—	View 990
2012	$311K	$368K	$1.9M	$2.7M	—	View 990
2011	$348K	$310K	$2.0M	$2.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $391K, expenses of $405K, and assets of $1.5M (revenue +8.6% year-over-year).
2022: Revenue of $360K, expenses of $372K, and assets of $1.5M (revenue +3.8% year-over-year).
2021: Revenue of $347K, expenses of $395K, and assets of $1.5M (revenue +1.3% year-over-year).
2020: Revenue of $343K, expenses of $384K, and assets of $1.6M (revenue +0.4% year-over-year).
2019: Revenue of $341K, expenses of $373K, and assets of $1.6M (revenue +0.8% year-over-year).
2018: Revenue of $339K, expenses of $392K, and assets of $1.6M (revenue +0.2% year-over-year).
2017: Revenue of $338K, expenses of $383K, and assets of $1.7M (revenue +1.2% year-over-year).
2016: Revenue of $334K, expenses of $371K, and assets of $1.7M (revenue -2.1% year-over-year).
2015: Revenue of $341K, expenses of $356K, and assets of $1.8M (revenue +9.0% year-over-year).
2014: Revenue of $313K, expenses of $394K, and assets of $1.8M (revenue +0.5% year-over-year).
2013: Revenue of $312K, expenses of $339K, and assets of $1.9M (revenue +0.1% year-over-year).
2012: Revenue of $311K, expenses of $368K, and assets of $1.9M (revenue -10.6% year-over-year).
2011: Revenue of $348K, expenses of $310K, and assets of $2.0M.

Data Sources and Methodology

This transparency report for Baran Place Inc 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.