Compasseed Foundation
Compasseed Foundation reports zero revenue and assets in its latest filing, indicating dormancy or dissolution.
EIN: 10530258 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $497 |
| Net Assets | $36 |
| Transparency Score | 5/100 |
Is Compasseed Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Compasseed Foundation
Compasseed Foundation (EIN: 10530258) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Compasseed Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Compasseed Foundation is a micro nonprofit, with 3 years of IRS 990 filings on record (2011–2013). Revenue has grown at a compound annual rate of -96.5%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $497 |
| Surplus / Deficit | $-496 |
| Total Assets | $37 |
| Total Liabilities | $1 |
| Net Assets | $36 |
| Operating Margin | -49600.0% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 0.9 months |
Financial Health Grade: C
In 2013, Compasseed Foundation reported a deficit of $496 with expenses exceeding revenue, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 3 years of filings (2011–2013), Compasseed Foundation's revenue has declined at a compound annual growth rate (CAGR) of -96.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | -99.9% | +2.5% | -93.1% |
| 2012 | +24.8% | -42.0% | +2710.5% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Compasseed Foundation with a Mission Score of 5 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Compasseed Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $496, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
Officer compensation was reported as 0% across all available filings, suggesting a volunteer-run organization or, more likely given the minimal financial activity, that the organization never had paid executives.
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 Compasseed Foundation's IRS 990 filings:
- Zero revenue and assets in the latest filing (201312)
- Extremely low financial activity across all reported periods
- Expenses occasionally exceeded revenue (e.g., 201112)
- Lack of recent filings (last filing period 201312)
Strengths
The following positive indicators were identified for Compasseed Foundation:
- No reported officer compensation, indicating a volunteer-based structure if active
Frequently Asked Questions about Compasseed Foundation
Is Compasseed Foundation a legitimate charity?
Compasseed Foundation (EIN: 10530258) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 5/100. It has 3 years of IRS 990 filings on record. 4 red flags identified. 1 strength noted. Financial health grade: C.
How does Compasseed Foundation spend its money?
Compasseed Foundation reported its financials in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Compasseed Foundation tax-deductible?
Compasseed Foundation is registered as a tax-exempt nonprofit (EIN: 10530258). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Compasseed Foundation located?
Compasseed Foundation is headquartered in Portland, Maine and files with the IRS under EIN 10530258.
How many years of IRS 990 filings does Compasseed Foundation have?
Compasseed Foundation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Compasseed Foundation currently active?
Based on the latest filing from 2013 showing $0 revenue and $0 assets, it is highly unlikely that Compasseed Foundation is currently active.
What was the highest revenue reported by Compasseed Foundation?
The highest revenue reported by Compasseed Foundation was $1,000 in the 201212 period.
Filing History
IRS 990 filing history for Compasseed Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2011–2013), Compasseed Foundation's revenue has declined by 99.9%, moving from $801 to $1. Total assets increased by 94.7% over the same period, from $19 to $37. Total functional expenses fell by 40.6%, from $836 to $497. In its most recent filing year (2013), Compasseed Foundation reported a deficit of $496, with expenses exceeding revenue. The organization holds $1 in liabilities against $37 in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $36.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $1 | $497 | $37 | $1 | — | View 990 |
| 2012 | $1K | $485 | $534 | $1 | — | View 990 |
| 2011 | $801 | $836 | $19 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2013: Revenue of $1, expenses of $497, and assets of $37 (revenue -99.9% year-over-year).
- 2012: Revenue of $1K, expenses of $485, and assets of $534 (revenue +24.8% year-over-year).
- 2011: Revenue of $801, expenses of $836, and assets of $19.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Compasseed Foundation:
Data Sources and Methodology
This transparency report for Compasseed Foundation 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.