Central Maine Area Agency On Aging
Central Maine Area Agency On Aging shows consistent revenue growth and healthy asset accumulation over the past decade.
EIN: 10318051 · Augusta, ME · NTEE: P81Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.9M |
| Total Expenses | $13.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $13.8 |
| Net Assets | $6.5M |
| Transparency Score | 88/100 |
Is Central Maine Area Agency On Aging Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Maine Area Agency On Aging directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Maine Area Agency On Aging
Central Maine Area Agency On Aging (EIN: 10318051) is a nonprofit organization based in Augusta, ME, classified under NTEE code P81Z. The organization reported total revenue of $14.9M and total assets of $9.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Maine Area Agency On Aging's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Maine Area Agency On Aging is a large nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.9M |
| Total Expenses | $13.4M |
| Surplus / Deficit | +$514K |
| Total Assets | $9.0M |
| Total Liabilities | $2.5M |
| Net Assets | $6.5M |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 27.4% |
| Months of Reserves | 8.0 months |
Financial Health Grade: A
In 2023, Central Maine Area Agency On Aging reported a surplus of $514K with revenue exceeding expenses, holds 8.0 months of operating reserves (strong position), has a debt-to-asset ratio of 27.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Central Maine Area Agency On Aging's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.8% | +5.5% | +28.2% |
| 2022 | +14.8% | +18.1% | +0.5% |
| 2021 | +11.8% | +14.2% | +9.5% |
| 2020 | +17.8% | +5.8% | +29.1% |
| 2019 | +8.8% | +9.4% | -18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1981 |
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 Central Maine Area Agency On Aging with a Mission Score of 88 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, Central Maine Area Agency On Aging 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 $514K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with $13.8 million in revenue in 2023. This either indicates a fully volunteer executive leadership or that executive compensation is categorized differently, requiring further scrutiny for full transparency.
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 Central Maine Area Agency On Aging's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which may obscure actual executive remuneration.
Strengths
The following positive indicators were identified for Central Maine Area Agency On Aging:
- Consistent and significant revenue growth, from $5,969,449 in 2014 to $13,895,449 in 2023.
- Healthy and growing asset base, increasing from $6,018,789 in 2014 to $8,975,739 in 2023.
- Consistent operating surpluses, indicating sound financial management (e.g., $13,895,449 revenue vs. $13,381,765 expenses in 2023).
- Low liabilities relative to assets, suggesting financial stability (e.g., $2,462,293 liabilities vs. $8,975,739 assets in 2023).
Frequently Asked Questions about Central Maine Area Agency On Aging
Is Central Maine Area Agency On Aging a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Maine Area Agency On Aging (EIN: 10318051) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Central Maine Area Agency On Aging spend its money?
Central Maine Area Agency On Aging directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Central Maine Area Agency On Aging tax-deductible?
Central Maine Area Agency On Aging is registered as a tax-exempt nonprofit (EIN: 10318051). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Central Maine Area Agency On Aging CEO make?
Central Maine Area Agency On Aging's highest-compensated officer earns $13.8 annually. The organization reported $14.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Central Maine Area Agency On Aging's spending goes to programs?
Central Maine Area Agency On Aging directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Central Maine Area Agency On Aging compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Central Maine Area Agency On Aging is above average for NTEE category P81Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Central Maine Area Agency On Aging located?
Central Maine Area Agency On Aging is headquartered in Augusta, Maine and files with the IRS under EIN 10318051. It is classified under NTEE code P81Z.
How many years of IRS 990 filings does Central Maine Area Agency On Aging have?
Central Maine Area Agency On Aging 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 $14.9M in total revenue.
Is Central Maine Area Agency On Aging a good charity?
Based on its consistent revenue growth, healthy asset accumulation, and consistent operating surpluses, Central Maine Area Agency On Aging appears to be a financially sound and well-managed organization. Its mission score of 88 reflects strong efficiency and program focus, though the lack of reported officer compensation warrants further inquiry.
How has the organization's revenue grown over time?
The organization has experienced significant revenue growth, increasing from $5,969,449 in 2014 to $13,895,449 in 2023, demonstrating a strong upward trend in financial support.
What is the organization's asset growth trend?
Central Maine Area Agency On Aging's assets have grown substantially, from $6,018,789 in 2014 to $8,975,739 in 2023, indicating a healthy accumulation of resources.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It could mean that executive leadership is entirely volunteer-based, or that compensation is reported under other expense lines, which would require further investigation to understand the full picture of executive remuneration.
Filing History
IRS 990 filing history for Central Maine Area Agency On Aging showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Central Maine Area Agency On Aging's revenue has grown by 140.2%, moving from $5.8M to $13.9M. Total assets increased by 50.9% over the same period, from $5.9M to $9.0M. Total functional expenses rose by 128.7%, from $5.9M to $13.4M. In its most recent filing year (2023), Central Maine Area Agency On Aging reported a surplus of $514K, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $9.0M in assets (debt-to-asset ratio: 27.4%), resulting in net assets of $6.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.9M | $13.4M | $9.0M | $2.5M | — | — |
| 2022 | $13.3M | $12.7M | $7.0M | $1.1M | — | View 990 |
| 2021 | $11.6M | $10.7M | $7.0M | $1.3M | — | View 990 |
| 2020 | $10.3M | $9.4M | $6.4M | $1.7M | — | View 990 |
| 2019 | $8.8M | $8.9M | $4.9M | $1.2M | — | View 990 |
| 2018 | $8.1M | $8.1M | $6.0M | $2.2M | — | View 990 |
| 2017 | $7.3M | $7.0M | $6.0M | $2.1M | — | View 990 |
| 2016 | $6.3M | $6.2M | $5.8M | $2.3M | — | View 990 |
| 2015 | $6.0M | $6.0M | $5.8M | $2.5M | — | View 990 |
| 2014 | $6.0M | $6.1M | $6.0M | $2.6M | — | View 990 |
| 2013 | $6.2M | $6.1M | $6.3M | $2.8M | — | View 990 |
| 2012 | $6.6M | $6.2M | $6.4M | $3.2M | — | View 990 |
| 2011 | $5.8M | $5.9M | $5.9M | $3.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.9M, expenses of $13.4M, and assets of $9.0M (revenue +4.8% year-over-year).
- 2022: Revenue of $13.3M, expenses of $12.7M, and assets of $7.0M (revenue +14.8% year-over-year).
- 2021: Revenue of $11.6M, expenses of $10.7M, and assets of $7.0M (revenue +11.8% year-over-year).
- 2020: Revenue of $10.3M, expenses of $9.4M, and assets of $6.4M (revenue +17.8% year-over-year).
- 2019: Revenue of $8.8M, expenses of $8.9M, and assets of $4.9M (revenue +8.8% year-over-year).
- 2018: Revenue of $8.1M, expenses of $8.1M, and assets of $6.0M (revenue +10.0% year-over-year).
- 2017: Revenue of $7.3M, expenses of $7.0M, and assets of $6.0M (revenue +16.2% year-over-year).
- 2016: Revenue of $6.3M, expenses of $6.2M, and assets of $5.8M (revenue +5.7% year-over-year).
- 2015: Revenue of $6.0M, expenses of $6.0M, and assets of $5.8M (revenue -0.2% year-over-year).
- 2014: Revenue of $6.0M, expenses of $6.1M, and assets of $6.0M (revenue -4.4% year-over-year).
- 2013: Revenue of $6.2M, expenses of $6.1M, and assets of $6.3M (revenue -5.4% year-over-year).
- 2012: Revenue of $6.6M, expenses of $6.2M, and assets of $6.4M (revenue +14.1% year-over-year).
- 2011: Revenue of $5.8M, expenses of $5.9M, and assets of $5.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Maine Area Agency On Aging:
Data Sources and Methodology
This transparency report for Central Maine Area Agency On Aging 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.