Biobased Maine
EIN: 452547680 · Portland, ME · NTEE: S40
| Metric | Value |
|---|---|
| Total Expenses | $75K |
| Net Assets | $41K |
Is Biobased Maine Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Biobased Maine
Biobased Maine (EIN: 452547680) is a nonprofit organization based in Portland, ME, classified under NTEE code S40. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Biobased Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Biobased Maine is a micro nonprofit that has been operating for 15 years, with 2 years of IRS 990 filings on record (2018–2019). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $75K |
| Surplus / Deficit | +$5K |
| Total Assets | $44K |
| Total Liabilities | $3K |
| Net Assets | $41K |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 7.3% |
| Months of Reserves | 7.0 months |
Financial Health Grade: A
In 2019, Biobased Maine reported a surplus of $5K with revenue exceeding expenses, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 7.3% (very low leverage).
Financial Trends
Over 2 years of filings (2018–2019), Biobased Maine's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +12.8% | +87.9% | +14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Biobased Maine has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Biobased Maine with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.3%.
Frequently Asked Questions about Biobased Maine
Is Biobased Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, Biobased Maine (EIN: 452547680) insufficient data. 0 red flags identified, 0 strengths noted.
How does Biobased Maine spend its money?
Detailed spending breakdown data is not yet available for Biobased Maine. Check back for updated IRS 990 analysis.
Are donations to Biobased Maine tax-deductible?
Biobased Maine is registered as a tax-exempt nonprofit (EIN: 452547680). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Biobased Maine located?
Biobased Maine is headquartered in Portland, Maine and files with the IRS under EIN 452547680. It is classified under NTEE code S40.
How many years of IRS 990 filings does Biobased Maine have?
Biobased Maine has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Biobased Maine showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2018–2019), Biobased Maine's revenue has grown by 12.8%, moving from $71K to $80K. Total assets increased by 14.1% over the same period, from $38K to $44K. Total functional expenses rose by 87.9%, from $40K to $75K. In its most recent filing year (2019), Biobased Maine reported a surplus of $5K, with revenue exceeding expenses. The organization holds $3K in liabilities against $44K in assets (debt-to-asset ratio: 7.3%), resulting in net assets of $41K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $80K | $75K | $44K | $3K | — | View 990 |
| 2018 | $71K | $40K | $38K | $3K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Biobased Maine:
Data Sources and Methodology
This transparency report for Biobased Maine 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.