Center For Maine Contemporary Art
Center For Maine Contemporary Art maintains strong assets despite recent operating deficit.
EIN: 10282701 · Rockland, ME · NTEE: A510 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $972K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.8M |
| Transparency Score | 75/100 |
Is Center For Maine Contemporary Art Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Center For Maine Contemporary Art directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Center For Maine Contemporary Art
Center For Maine Contemporary Art (EIN: 10282701) is a nonprofit organization based in Rockland, ME, classified under NTEE code A510. The organization reported total revenue of $1.2M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center For Maine Contemporary Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center For Maine Contemporary Art is a mid-size nonprofit that has been operating for 58 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $838K |
| Total Expenses | $972K |
| Surplus / Deficit | $-134,054 |
| Total Assets | $5.5M |
| Total Liabilities | $762K |
| Net Assets | $4.8M |
| Operating Margin | -16.0% |
| Debt-to-Asset Ratio | 13.8% |
| Months of Reserves | 68.2 months |
Financial Health Grade: B
In 2023, Center For Maine Contemporary Art reported a deficit of $134K with expenses exceeding revenue, holds 68.2 months of operating reserves (strong position), has a debt-to-asset ratio of 13.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Center For Maine Contemporary Art's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.7% | +26.4% | -2.4% |
| 2022 | +13.0% | +13.9% | +1.8% |
| 2021 | -32.1% | -20.5% | +0.7% |
| 2020 | +21.1% | +6.6% | -0.3% |
| 2019 | +5.4% | +15.9% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1968 |
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 Center For Maine Contemporary Art 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Center For Maine Contemporary Art allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 deficit of $134K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with over $5 million in assets and nearly $1 million in annual revenue. This either indicates that no officers receive compensation, or that compensation is reported under other categories, requiring further scrutiny of the full 990 forms.
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 Center For Maine Contemporary Art's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and requires further investigation into compensation practices.
- Operating deficit in the most recent 2023 fiscal period ($838,299 revenue vs. $972,353 expenses).
Strengths
The following positive indicators were identified for Center For Maine Contemporary Art:
- Strong and growing asset base, increasing from $2,010,711 in 2014 to $5,529,557 in 2023.
- Generally positive operating margins in most years, indicating financial stability.
- Low liabilities relative to assets in recent years (e.g., $761,879 liabilities vs. $5,529,557 assets in 2023).
Frequently Asked Questions about Center For Maine Contemporary Art
Is Center For Maine Contemporary Art a legitimate charity?
Based on AI analysis of IRS 990 filings, Center For Maine Contemporary Art (EIN: 10282701) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Center For Maine Contemporary Art spend its money?
Center For Maine Contemporary Art directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Center For Maine Contemporary Art tax-deductible?
Center For Maine Contemporary Art is registered as a tax-exempt nonprofit (EIN: 10282701). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Center For Maine Contemporary Art CEO make?
Center For Maine Contemporary Art's highest-compensated officer earns $5 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Center For Maine Contemporary Art's spending goes to programs?
Center For Maine Contemporary Art directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Center For Maine Contemporary Art compare to similar nonprofits?
With a transparency score of 75/100 (Good), Center For Maine Contemporary Art is above average for NTEE category A510 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Center For Maine Contemporary Art located?
Center For Maine Contemporary Art is headquartered in Rockland, Maine and files with the IRS under EIN 10282701. It is classified under NTEE code A510.
How many years of IRS 990 filings does Center For Maine Contemporary Art have?
Center For Maine Contemporary Art has 14 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 $1.2M in total revenue.
Is Center For Maine Contemporary Art a good charity?
Based on its consistent asset base, generally positive operating margins in most years, and reported 0% officer compensation, CMCA appears to be a financially stable organization. However, the 2023 deficit and the unusual officer compensation reporting warrant closer examination of their full financial statements to fully assess their operational efficiency and compensation practices.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all 14 filings is highly unusual for an organization with over $5 million in assets and significant annual revenue. This could mean that officers are unpaid volunteers, or that their compensation is categorized differently within the 990, such as 'salaries and wages' for non-officer employees, which would require reviewing the full 990 for details.
What caused the deficit in the 2023 fiscal period?
In the 2023 fiscal period, the organization reported expenses of $972,353 against revenue of $838,299, resulting in a deficit. The specific causes are not detailed in the provided summary data but could be due to increased program costs, administrative overhead, or a temporary dip in fundraising or other income sources.
How has the organization's asset base changed over time?
The organization's assets have shown significant growth, increasing from $2,010,711 in 2014 to $5,529,557 in 2023, indicating strong financial management and accumulation of resources over the decade.
Filing History
IRS 990 filing history for Center For Maine Contemporary Art showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Center For Maine Contemporary Art's revenue has grown by 131.8%, moving from $362K to $838K. Total assets increased by 716.1% over the same period, from $678K to $5.5M. Total functional expenses rose by 202.3%, from $322K to $972K. In its most recent filing year (2023), Center For Maine Contemporary Art reported a deficit of $134K, with expenses exceeding revenue. The organization holds $762K in liabilities against $5.5M in assets (debt-to-asset ratio: 13.8%), resulting in net assets of $4.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $838K | $972K | $5.5M | $762K | — | — |
| 2022 | $853K | $769K | $5.7M | $767K | — | View 990 |
| 2021 | $754K | $676K | $5.6M | $750K | — | View 990 |
| 2020 | $1.1M | $849K | $5.5M | $758K | — | View 990 |
| 2019 | $918K | $797K | $5.5M | $925K | — | View 990 |
| 2018 | $871K | $687K | $5.6M | $1.0M | — | View 990 |
| 2017 | $820K | $578K | $5.5M | $1.2M | — | View 990 |
| 2016 | $2.1M | $436K | $4.1M | $0 | — | View 990 |
| 2015 | $1.1M | $366K | $2.7M | $298K | — | View 990 |
| 2014 | $1.7M | $329K | $2.0M | $309K | — | View 990 |
| 2013 | $360K | $348K | $616K | $338K | — | View 990 |
| 2012 | $323K | $320K | $619K | $353K | — | View 990 |
| 2011 | $13K | $58K | $627K | $365K | — | View 990 |
| 2010 | $362K | $322K | $678K | $370K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $838K, expenses of $972K, and assets of $5.5M (revenue -1.7% year-over-year).
- 2022: Revenue of $853K, expenses of $769K, and assets of $5.7M (revenue +13.0% year-over-year).
- 2021: Revenue of $754K, expenses of $676K, and assets of $5.6M (revenue -32.1% year-over-year).
- 2020: Revenue of $1.1M, expenses of $849K, and assets of $5.5M (revenue +21.1% year-over-year).
- 2019: Revenue of $918K, expenses of $797K, and assets of $5.5M (revenue +5.4% year-over-year).
- 2018: Revenue of $871K, expenses of $687K, and assets of $5.6M (revenue +6.2% year-over-year).
- 2017: Revenue of $820K, expenses of $578K, and assets of $5.5M (revenue -61.7% year-over-year).
- 2016: Revenue of $2.1M, expenses of $436K, and assets of $4.1M (revenue +101.1% year-over-year).
- 2015: Revenue of $1.1M, expenses of $366K, and assets of $2.7M (revenue -39.1% year-over-year).
- 2014: Revenue of $1.7M, expenses of $329K, and assets of $2.0M (revenue +385.4% year-over-year).
- 2013: Revenue of $360K, expenses of $348K, and assets of $616K (revenue +11.5% year-over-year).
- 2012: Revenue of $323K, expenses of $320K, and assets of $619K (revenue +2380.3% year-over-year).
- 2011: Revenue of $13K, expenses of $58K, and assets of $627K (revenue -96.4% year-over-year).
- 2010: Revenue of $362K, expenses of $322K, and assets of $678K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center For Maine Contemporary Art:
Data Sources and Methodology
This transparency report for Center For Maine Contemporary Art 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.