Boothbay Region Land Trust Inc
Boothbay Region Land Trust Inc shows strong asset growth and low reported officer compensation.
EIN: 10371869 · Boothbay Harbor, ME · NTEE: C340 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $731K |
| Program Spending | 85% |
| Net Assets | $19.6M |
| Transparency Score | 90/100 |
Is Boothbay Region Land Trust Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boothbay Region Land Trust Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boothbay Region Land Trust Inc
Boothbay Region Land Trust Inc (EIN: 10371869) is a nonprofit organization based in Boothbay Harbor, ME, classified under NTEE code C340. The organization reported total revenue of $3.3M and total assets of $23.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boothbay Region Land Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boothbay Region Land Trust Inc is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $731K |
| Surplus / Deficit | +$1.1M |
| Total Assets | $19.6M |
| Total Liabilities | $41K |
| Net Assets | $19.6M |
| Operating Margin | 60.4% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 322.2 months |
Financial Health Grade: A
In 2023, Boothbay Region Land Trust Inc reported a surplus of $1.1M with revenue exceeding expenses, holds 322.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Boothbay Region Land Trust Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.9% | +12.4% | +9.1% |
| 2022 | +347.6% | +11.9% | +7.7% |
| 2021 | -50.9% | +8.9% | +8.1% |
| 2020 | +26.4% | +3.1% | +10.2% |
| 2019 | +93.8% | -30.9% | +4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Boothbay Region Land Trust Inc with a Mission Score of 90 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, Boothbay Region Land Trust 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting that the organization's leadership may be entirely volunteer-based or that compensation is not reported under 'Officer Comp' in these filings, which is a positive indicator for donor confidence.
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 Land Trust Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data prevents precise efficiency analysis.
Strengths
The following positive indicators were identified for Boothbay Region Land Trust Inc:
- Consistent asset growth, from $6.9M in 2014 to $19.6M in 2023.
- Expenses consistently well below revenue, indicating good financial management.
- Reported 0% officer compensation across all filings, suggesting volunteer leadership or efficient compensation practices.
- Strong financial reserves with assets significantly exceeding liabilities.
Frequently Asked Questions about Boothbay Region Land Trust Inc
Is Boothbay Region Land Trust Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Boothbay Region Land Trust Inc (EIN: 10371869) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Boothbay Region Land Trust Inc spend its money?
Boothbay Region Land Trust Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Boothbay Region Land Trust Inc tax-deductible?
Boothbay Region Land Trust Inc is registered as a tax-exempt nonprofit (EIN: 10371869). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Boothbay Region Land Trust Inc's spending goes to programs?
Boothbay Region Land Trust Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Boothbay Region Land Trust Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Boothbay Region Land Trust Inc is above average for NTEE category C340 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Boothbay Region Land Trust Inc located?
Boothbay Region Land Trust Inc is headquartered in Boothbay Harbor, Maine and files with the IRS under EIN 10371869. It is classified under NTEE code C340.
How many years of IRS 990 filings does Boothbay Region Land Trust Inc have?
Boothbay Region Land Trust Inc has 13 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 $3.3M in total revenue.
Is Boothbay Region Land Trust Inc a good charity?
Based on the available data, Boothbay Region Land Trust Inc appears to be a well-managed charity. It demonstrates strong asset growth, consistently low expenses relative to revenue, and reports 0% officer compensation, all of which are positive indicators. However, a detailed breakdown of program vs. administrative spending would provide a more complete picture of its efficiency.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with assets growing from $6.9 million in 2014 to $19.6 million in 2023. Revenue has been somewhat volatile but generally strong, and expenses have remained relatively low compared to revenue, contributing to this asset growth.
What is the trend in revenue and expenses?
Revenue has shown significant year-to-year fluctuations, ranging from $509,795 in 2015 to $3,914,326 in 2022, indicating potential reliance on large, infrequent donations or grants. Expenses have generally increased over the decade but have remained considerably lower than revenue, allowing for consistent asset accumulation.
Filing History
IRS 990 filing history for Boothbay Region Land Trust Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Boothbay Region Land Trust Inc's revenue has grown by 33%, moving from $1.4M to $1.8M. Total assets increased by 273.3% over the same period, from $5.3M to $19.6M. Total functional expenses rose by 185.4%, from $256K to $731K. In its most recent filing year (2023), Boothbay Region Land Trust Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $41K in liabilities against $19.6M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $19.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $731K | $19.6M | $41K | — | View 990 |
| 2022 | $3.9M | $650K | $18.0M | $22K | — | View 990 |
| 2021 | $875K | $581K | $16.7M | $19K | — | View 990 |
| 2020 | $1.8M | $533K | $15.4M | $52K | — | View 990 |
| 2019 | $1.4M | $517K | $14.0M | $228K | — | View 990 |
| 2018 | $727K | $749K | $13.5M | $818K | — | View 990 |
| 2017 | $1.7M | $503K | $13.5M | $1.0M | — | View 990 |
| 2016 | $1.3M | $367K | $10.7M | $4K | — | View 990 |
| 2015 | $510K | $365K | $7.1M | $6K | — | View 990 |
| 2014 | $1.1M | $528K | $6.9M | $12K | — | View 990 |
| 2013 | $1.1M | $322K | $6.4M | $19K | — | View 990 |
| 2012 | $849K | $475K | $5.6M | $16K | — | View 990 |
| 2011 | $1.4M | $256K | $5.3M | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $731K, and assets of $19.6M (revenue -52.9% year-over-year).
- 2022: Revenue of $3.9M, expenses of $650K, and assets of $18.0M (revenue +347.6% year-over-year).
- 2021: Revenue of $875K, expenses of $581K, and assets of $16.7M (revenue -50.9% year-over-year).
- 2020: Revenue of $1.8M, expenses of $533K, and assets of $15.4M (revenue +26.4% year-over-year).
- 2019: Revenue of $1.4M, expenses of $517K, and assets of $14.0M (revenue +93.8% year-over-year).
- 2018: Revenue of $727K, expenses of $749K, and assets of $13.5M (revenue -57.4% year-over-year).
- 2017: Revenue of $1.7M, expenses of $503K, and assets of $13.5M (revenue +28.8% year-over-year).
- 2016: Revenue of $1.3M, expenses of $367K, and assets of $10.7M (revenue +160.1% year-over-year).
- 2015: Revenue of $510K, expenses of $365K, and assets of $7.1M (revenue -52.7% year-over-year).
- 2014: Revenue of $1.1M, expenses of $528K, and assets of $6.9M (revenue +0.8% year-over-year).
- 2013: Revenue of $1.1M, expenses of $322K, and assets of $6.4M (revenue +26.0% year-over-year).
- 2012: Revenue of $849K, expenses of $475K, and assets of $5.6M (revenue -38.7% year-over-year).
- 2011: Revenue of $1.4M, expenses of $256K, and assets of $5.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boothbay Region Land Trust Inc:
Data Sources and Methodology
This transparency report for Boothbay Region Land Trust 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.