Belfast Maskers
Belfast Maskers: Community Theater with Consistent Financials
EIN: 223062350 · Belfast, ME · NTEE: A650 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $101K |
| Total Expenses | $77K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $143K |
| Transparency Score | 75/100 |
Is Belfast Maskers Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Belfast Maskers directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Belfast Maskers
Belfast Maskers (EIN: 223062350) is a nonprofit organization based in Belfast, ME, classified under NTEE code A650. The organization reported total revenue of $101K and total assets of $300K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belfast Maskers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Belfast Maskers is a small nonprofit that has been operating for 35 years, with 9 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $87K |
| Total Expenses | $77K |
| Surplus / Deficit | +$10K |
| Total Assets | $304K |
| Total Liabilities | $161K |
| Net Assets | $143K |
| Operating Margin | 11.0% |
| Debt-to-Asset Ratio | 52.9% |
| Months of Reserves | 47.1 months |
Financial Health Grade: A
In 2023, Belfast Maskers reported a surplus of $10K with revenue exceeding expenses, holds 47.1 months of operating reserves (strong position), has a debt-to-asset ratio of 52.9% (high leverage).
Financial Trends
Over 9 years of filings (2010–2023), Belfast Maskers's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.9% | +15.9% | +0.9% |
| 2022 | -1.1% | +21.6% | +1.4% |
| 2021 | +28.8% | +28.2% | -2.7% |
| 2020 | -22.9% | -44.3% | +4.7% |
| 2019 | +41.6% | +465.5% | +13137.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Belfast Maskers with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Belfast Maskers allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 52.9%.
Executive Compensation Analysis
Executive compensation is not reported in available filings, indicating that no individual received over $100,000 in reportable compensation.
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 Belfast Maskers's IRS 990 filings:
- Lack of detailed program expense reporting makes it difficult to fully assess impact.
- Website lacks comprehensive financial transparency beyond basic contact information.
Strengths
The following positive indicators were identified for Belfast Maskers:
- Consistent revenue generation over the past five years.
- Healthy asset base relative to annual expenses.
- Long-standing community presence (data back to 2011).
Frequently Asked Questions about Belfast Maskers
Is Belfast Maskers a legitimate charity?
Based on AI analysis of IRS 990 filings, Belfast Maskers (EIN: 223062350) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Belfast Maskers spend its money?
Belfast Maskers directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Belfast Maskers tax-deductible?
Belfast Maskers is registered as a tax-exempt nonprofit (EIN: 223062350). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Belfast Maskers CEO make?
Belfast Maskers's highest-compensated officer earns $100,000 annually. The organization reported $101K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Belfast Maskers's spending goes to programs?
Belfast Maskers directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Belfast Maskers compare to similar nonprofits?
With a transparency score of 75/100 (Good), Belfast Maskers is above average for NTEE category A650 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Belfast Maskers located?
Belfast Maskers is headquartered in Belfast, Maine and files with the IRS under EIN 223062350. It is classified under NTEE code A650.
How many years of IRS 990 filings does Belfast Maskers have?
Belfast Maskers has 9 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 $101K in total revenue.
What does Belfast Maskers do?
Belfast Maskers is a nonprofit organization in the Arts, Culture & Humanities sector, located in Belfast, Maine. It is classified under NTEE code A650.
How much revenue does Belfast Maskers have?
Belfast Maskers reported total revenue of $100,625. Based on 9 IRS 990 filings on record.
What are Belfast Maskers's total assets?
Belfast Maskers holds total assets of $299,886 as reported in IRS 990 filings.
Where is Belfast Maskers located?
Belfast Maskers is based in Belfast, Maine.
What is Belfast Maskers's EIN?
Belfast Maskers's Employer Identification Number (EIN) is 223062350. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Belfast Maskers?
Belfast Maskers is classified under NTEE code A650 (Arts, Culture & Humanities).
Is Belfast Maskers a registered 501(c)(3)?
Yes, Belfast Maskers is recognized as a tax-exempt organization by the IRS. EIN: 223062350.
Does Belfast Maskers file IRS Form 990?
Yes, Belfast Maskers has 9 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Belfast Maskers's revenue in 2023?
In the 202312 filing period, Belfast Maskers reported total revenue of $86,921, total expenses of $77,390, and net assets of $303,756.
Is Belfast Maskers's revenue growing or declining?
Belfast Maskers's revenue is growing. Revenue went from $74,363 (202212) to $86,921 (202312), a +16.9% change. Based on 9 filings on record.
What is Belfast Maskers's most recent 990 filing?
The most recent IRS Form 990 filing for Belfast Maskers covers tax period 202312. It shows revenue of $86,921, expenses of $77,390, total assets of $303,756, and liabilities of $160,727.
How much does Belfast Maskers spend on programs vs administration?
Based on IRS 990 analysis, Belfast Maskers allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Belfast Maskers a trustworthy charity?
Based on AI analysis of IRS 990 data, Belfast Maskers appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Belfast Maskers?
The following concerns were identified: Lack of detailed program expense reporting makes it difficult to fully assess impact.. Website lacks comprehensive financial transparency beyond basic contact information.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Belfast Maskers's strengths?
Positive indicators for Belfast Maskers include: Consistent revenue generation over the past five years.. Healthy asset base relative to annual expenses.. Long-standing community presence (data back to 2011).. These findings are derived from AI analysis of the organization's financial filings.
How does Belfast Maskers compensate executives?
Executive compensation is not reported in available filings, indicating that no individual received over $100,000 in reportable compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Belfast Maskers sustain operations with relatively low reported revenue compared to its asset base?
The organization appears to operate efficiently with a lean expense structure, as evidenced by expenses of $77,390 in 2023 against revenue of $86,921, allowing for consistent asset maintenance and growth.
What is the primary source of the organization's assets, given the consistent asset levels despite fluctuating revenue?
The consistent asset levels, around $300,000 in recent years, suggest a significant portion may be in fixed assets (like property or equipment for their theater) rather than purely liquid funds, which would be less susceptible to annual revenue fluctuations.
Filing History
IRS 990 filing history for Belfast Maskers showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2010–2023), Belfast Maskers's revenue has declined by 1%, moving from $88K to $87K. Total assets increased by 322.6% over the same period, from $72K to $304K. Total functional expenses fell by 16.8%, from $93K to $77K. In its most recent filing year (2023), Belfast Maskers reported a surplus of $10K, with revenue exceeding expenses. The organization holds $161K in liabilities against $304K in assets (debt-to-asset ratio: 52.9%), resulting in net assets of $143K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $87K | $77K | $304K | $161K | — | — |
| 2022 | $74K | $67K | $301K | $168K | — | View 990 |
| 2021 | $75K | $55K | $297K | $172K | — | — |
| 2020 | $58K | $43K | $305K | $200K | — | — |
| 2019 | $76K | $77K | $291K | $202K | — | View 990 |
| 2013 | $53K | $14K | $2K | $0 | — | View 990 |
| 2012 | $59K | $71K | $3K | $40K | — | View 990 |
| 2011 | $912 | $76K | $15K | $40K | — | View 990 |
| 2010 | $88K | $93K | $72K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $87K, expenses of $77K, and assets of $304K (revenue +16.9% year-over-year).
- 2022: Revenue of $74K, expenses of $67K, and assets of $301K (revenue -1.1% year-over-year).
- 2021: Revenue of $75K, expenses of $55K, and assets of $297K (revenue +28.8% year-over-year).
- 2020: Revenue of $58K, expenses of $43K, and assets of $305K (revenue -22.9% year-over-year).
- 2019: Revenue of $76K, expenses of $77K, and assets of $291K (revenue +41.6% year-over-year).
- 2013: Revenue of $53K, expenses of $14K, and assets of $2K (revenue -9.6% year-over-year).
- 2012: Revenue of $59K, expenses of $71K, and assets of $3K (revenue +6384.9% year-over-year).
- 2011: Revenue of $912, expenses of $76K, and assets of $15K (revenue -99.0% year-over-year).
- 2010: Revenue of $88K, expenses of $93K, and assets of $72K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Belfast Maskers:
Data Sources and Methodology
This transparency report for Belfast Maskers 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.