Boothbay Region Food Pantry
Boothbay Region Food Pantry shows strong asset growth and no executive compensation, despite a recent deficit.
EIN: 10547406 · East Boothbay, ME · NTEE: P20 · Updated: 2026-03-28
Is Boothbay Region Food Pantry Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boothbay Region Food Pantry directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boothbay Region Food Pantry
Boothbay Region Food Pantry (EIN: 10547406) is a nonprofit organization based in East Boothbay, ME, classified under NTEE code P20. The organization reported total revenue of $201K and total assets of $218K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boothbay Region Food Pantry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Boothbay Region Food Pantry with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Boothbay Region Food Pantry allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers receive salaries, which is highly commendable for an organization of its size with annual revenues around $100,000-$200,000.
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 Boothbay Region Food Pantry's IRS 990 filings:
- Expenses exceeded revenue in the 2023 fiscal period ($232,702 vs. $193,294).
Strengths
The following positive indicators were identified for Boothbay Region Food Pantry:
- Consistent 0% officer compensation across all filings.
- No reported liabilities in any filing period.
- Significant growth in assets, from $76,123 in 2014 to $294,786 in 2023.
- Strong program focus due to minimal administrative and fundraising overhead.
- Transparent financial reporting with a complete filing history.
Frequently Asked Questions about Boothbay Region Food Pantry
Is Boothbay Region Food Pantry a legitimate charity?
Based on AI analysis of IRS 990 filings, Boothbay Region Food Pantry (EIN: 10547406) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Boothbay Region Food Pantry spend its money?
Boothbay Region Food Pantry directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Boothbay Region Food Pantry tax-deductible?
Boothbay Region Food Pantry is registered as a tax-exempt nonprofit (EIN: 10547406). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Boothbay Region Food Pantry a good charity?
Yes, based on its financial data, the Boothbay Region Food Pantry appears to be a very good charity. It consistently reports 0% officer compensation, has no liabilities, and has shown significant asset growth, indicating strong financial health and a direct focus on its mission.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, with assets growing from $76,123 in 2014 to $294,786 in 2023. While there was a deficit in 2023 (expenses of $232,702 against revenue of $193,294), this follows several years of revenue exceeding expenses, suggesting a strong underlying financial position.
What is the organization's approach to executive compensation?
The Boothbay Region Food Pantry has a highly commendable approach to executive compensation, consistently reporting 0% officer compensation across all 13 filings. This indicates that leadership is unpaid, maximizing resources for the organization's mission.
Filing History
IRS 990 filing history for Boothbay Region Food Pantry showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Boothbay Region Food Pantry's revenue has grown by 204.3%, moving from $64K to $193K. Total assets increased by 954.8% over the same period, from $28K to $295K. Total functional expenses rose by 382.8%, from $48K to $233K. In its most recent filing year (2023), Boothbay Region Food Pantry reported a deficit of $39K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $193K | $233K | $295K | $0 | — | — |
| 2022 | $135K | $60K | $339K | $0 | — | View 990 |
| 2021 | $146K | $97K | $264K | $0 | — | View 990 |
| 2020 | $184K | $72K | $214K | $0 | — | — |
| 2019 | $105K | $113K | $102K | $0 | — | View 990 |
| 2018 | $103K | $95K | $110K | $0 | — | View 990 |
| 2017 | $94K | $74K | $102K | $0 | — | View 990 |
| 2016 | $55K | $72K | $81K | $0 | — | View 990 |
| 2015 | $93K | $71K | $98K | $0 | — | View 990 |
| 2014 | $96K | $68K | $76K | $0 | — | View 990 |
| 2013 | $102K | $81K | $48K | $0 | — | View 990 |
| 2012 | $69K | $70K | $27K | $0 | — | View 990 |
| 2011 | $64K | $48K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $193K, expenses of $233K, and assets of $295K (revenue +43.2% year-over-year).
- 2022: Revenue of $135K, expenses of $60K, and assets of $339K (revenue -7.8% year-over-year).
- 2021: Revenue of $146K, expenses of $97K, and assets of $264K (revenue -20.4% year-over-year).
- 2020: Revenue of $184K, expenses of $72K, and assets of $214K (revenue +76.0% year-over-year).
- 2019: Revenue of $105K, expenses of $113K, and assets of $102K (revenue +1.5% year-over-year).
- 2018: Revenue of $103K, expenses of $95K, and assets of $110K (revenue +9.3% year-over-year).
- 2017: Revenue of $94K, expenses of $74K, and assets of $102K (revenue +72.6% year-over-year).
- 2016: Revenue of $55K, expenses of $72K, and assets of $81K (revenue -41.5% year-over-year).
- 2015: Revenue of $93K, expenses of $71K, and assets of $98K (revenue -2.5% year-over-year).
- 2014: Revenue of $96K, expenses of $68K, and assets of $76K (revenue -6.6% year-over-year).
- 2013: Revenue of $102K, expenses of $81K, and assets of $48K (revenue +47.9% year-over-year).
- 2012: Revenue of $69K, expenses of $70K, and assets of $27K (revenue +9.1% year-over-year).
- 2011: Revenue of $64K, expenses of $48K, and assets of $28K.
Data Sources and Methodology
This transparency report for Boothbay Region Food Pantry 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.