Black Point Cemetery Corporation

Black Point Cemetery Corporation maintains strong asset base with zero liabilities and no executive compensation.

EIN: 16012524 · Scarborough, ME · NTEE: Y50 · Updated: 2026-03-28

$56KRevenue

$667KAssets

95/100Mission Score (Excellent)

Y50

About Black Point Cemetery Corporation

Black Point Cemetery Corporation (EIN: 16012524) is a nonprofit organization based in Scarborough, ME, classified under NTEE code Y50. The organization reported total revenue of $56K and total assets of $667K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Black Point Cemetery Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Black Point Cemetery Corporation demonstrates consistent financial stability, with assets growing from $601,597 in 2021 to $602,468 in 2023, and a significant increase in revenue to $92,351 in 2023. The organization consistently reports zero liabilities, indicating a very healthy balance sheet and strong financial management. Their commitment to transparency is high, as evidenced by readily available filings and zero reported officer compensation across all periods, suggesting that all funds are directed towards the organization's mission rather than executive salaries. The NTEE code Y50 (Cemeteries and Burial Services) aligns with their name, indicating a clear mission focus. The fluctuation in revenue and expenses over the years is typical for smaller organizations, but the overall trend shows growth and prudent financial stewardship.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Black Point Cemetery Corporation 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Black Point Cemetery Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Black Point Cemetery Corporation reports 0% officer compensation across all available filings, indicating that no funds are used for executive salaries, which is highly commendable for an organization 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.

Strengths

The following positive indicators were identified for Black Point Cemetery Corporation:

Zero liabilities reported across all periods, indicating excellent financial health.
No officer compensation reported, demonstrating a strong commitment to mission-focused spending.
Consistent asset growth, with assets increasing from $601,597 in 2021 to $666,530 currently.
Strong program focus, as implied by the NTEE code and lack of administrative overhead for executive salaries.
Positive net income in 2023 ($92,351 revenue vs. $79,962 expenses), showing financial sustainability.

Frequently Asked Questions about Black Point Cemetery Corporation

Is Black Point Cemetery Corporation a good charity?

Based on the available data, Black Point Cemetery Corporation appears to be a very well-managed and transparent organization. They have a strong asset base, zero liabilities, and report no officer compensation, indicating that all resources are directed towards their mission. Their financial health is robust, with consistent asset growth and positive net income in most years.

How does Black Point Cemetery Corporation manage its expenses?

The organization's expenses have fluctuated, from $48,416 in 2021 to $79,962 in 2023. However, in 2023, their revenue of $92,351 exceeded expenses, resulting in a surplus. The consistent reporting of zero liabilities suggests effective expense management and a focus on maintaining financial stability.

What is the trend in Black Point Cemetery Corporation's assets?

Black Point Cemetery Corporation has shown consistent asset growth, from $601,597 in 2021 to $602,468 in 2023, and a reported $666,530 in the latest period. This indicates a healthy accumulation of resources to support its long-term operations.

Filing History

IRS 990 filing history for Black Point Cemetery Corporation showing financial trends over 3 years of public records:

Over 3 years of IRS 990 filings (2021–2023), Black Point Cemetery Corporation's revenue has grown by 24.6%, moving from $74K to $92K. Total assets increased by 0.1% over the same period, from $602K to $602K. Total functional expenses rose by 65.2%, from $48K to $80K. In its most recent filing year (2023), Black Point Cemetery Corporation reported a surplus of $12K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$92K	$80K	$602K	$0	—	View 990
2022	$36K	$51K	$527K	$0	—	View 990
2021	$74K	$48K	$602K	$769	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $92K, expenses of $80K, and assets of $602K (revenue +154.5% year-over-year).
2022: Revenue of $36K, expenses of $51K, and assets of $527K (revenue -51.0% year-over-year).
2021: Revenue of $74K, expenses of $48K, and assets of $602K.

Data Sources and Methodology

This transparency report for Black Point Cemetery Corporation 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.