Down East Lobstermens Association
Down East Lobstermens Association: Transparent Spending and Mission Focus
EIN: 223158793 · Belfast, ME · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $17K |
| Total Expenses | $17K |
| Program Spending | 65% |
| Net Assets | $0 |
| Transparency Score | 85/100 |
Is Down East Lobstermens Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Down East Lobstermens Association directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Down East Lobstermens Association
Down East Lobstermens Association (EIN: 223158793) is a nonprofit organization based in Belfast, ME. The organization reported total revenue of $17K and total assets of $18K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Down East Lobstermens Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Down East Lobstermens Association is a micro nonprofit that has been operating for 34 years, with 9 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $17K |
| Surplus / Deficit | +$0 |
| Total Assets | $18K |
| Total Liabilities | $18K |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 12.7 months |
Financial Health Grade: B
In 2020, Down East Lobstermens Association reported a surplus of $0 with revenue exceeding expenses, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 9 years of filings (2011–2020), Down East Lobstermens Association's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +0.0% | +13.8% | +774.8% |
| 2019 | +8.4% | -8.6% | +850.2% |
| 2018 | +32.1% | +49.3% | -76.6% |
| 2017 | -33.6% | -56.9% | -88.5% |
| 2015 | -11.8% | +55.2% | -48.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1992 |
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 Down East Lobstermens Association with a Mission Score of 85 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: 20%
- programs: 65%
- fundraising: 15%
According to IRS 990 filings, Down East Lobstermens Association allocates its expenses as follows: admin: 20%, programs: 65%, fundraising: 15%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation has remained relatively stable, with an average of 926 dollars in 2017 and 15636 dollars in 2014, indicating a focus on mission over personal gain.
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 Down East Lobstermens Association's IRS 990 filings:
- The organization has not reported any significant fundraising activities, which may indicate a reliance on grants or donations.
Strengths
The following positive indicators were identified for Down East Lobstermens Association:
- The organization has a clear and consistent mission focus, with program expenses consistently making up the majority of total expenses.
Frequently Asked Questions about Down East Lobstermens Association
Is Down East Lobstermens Association a legitimate charity?
Down East Lobstermens Association (EIN: 223158793) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $17K. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does Down East Lobstermens Association spend its money?
Down East Lobstermens Association directs 65% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Down East Lobstermens Association tax-deductible?
Down East Lobstermens Association is registered as a tax-exempt nonprofit (EIN: 223158793). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Down East Lobstermens Association's spending goes to programs?
Down East Lobstermens Association directs 65% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Down East Lobstermens Association located?
Down East Lobstermens Association is headquartered in Belfast, Maine and files with the IRS under EIN 223158793.
How many years of IRS 990 filings does Down East Lobstermens Association have?
Down East Lobstermens Association has 9 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 $17K in total revenue.
What does Down East Lobstermens Association do?
Down East Lobstermens Association is a nonprofit organization in the Unknown sector, located in Belfast, Maine. It is classified under NTEE code Unknown.
How much revenue does Down East Lobstermens Association have?
Down East Lobstermens Association reported total revenue of $17,056. Based on 9 IRS 990 filings on record.
What are Down East Lobstermens Association's total assets?
Down East Lobstermens Association holds total assets of $18,038 as reported in IRS 990 filings.
Where is Down East Lobstermens Association located?
Down East Lobstermens Association is based in Belfast, Maine.
What is Down East Lobstermens Association's EIN?
Down East Lobstermens Association's Employer Identification Number (EIN) is 223158793. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Down East Lobstermens Association?
Down East Lobstermens Association is classified under NTEE code Unknown (Unknown).
Is Down East Lobstermens Association a registered 501(c)(3)?
Down East Lobstermens Association appears in IRS records (EIN: 223158793). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Down East Lobstermens Association file IRS Form 990?
Yes, Down East Lobstermens Association has 9 IRS Form 990 filings on record. The most recent covers tax period 202009.
What was Down East Lobstermens Association's revenue in 2020?
In the 202009 filing period, Down East Lobstermens Association reported total revenue of $17,056, total expenses of $17,056, and net assets of $18,038.
Is Down East Lobstermens Association's revenue growing or declining?
Down East Lobstermens Association's revenue is relatively stable. Revenue went from $17,056 (201909) to $17,056 (202009), a 0.0% change. Based on 9 filings on record.
What is Down East Lobstermens Association's most recent 990 filing?
The most recent IRS Form 990 filing for Down East Lobstermens Association covers tax period 202009. It shows revenue of $17,056, expenses of $17,056, total assets of $18,038, and liabilities of $18,038.
How much does Down East Lobstermens Association spend on programs vs administration?
Based on IRS 990 analysis, Down East Lobstermens Association allocates approximately 65% of expenses to program services, 20% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Down East Lobstermens Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Down East Lobstermens Association appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Down East Lobstermens Association?
The following concerns were identified: The organization has not reported any significant fundraising activities, which may indicate a reliance on grants or donations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Down East Lobstermens Association's strengths?
Positive indicators for Down East Lobstermens Association include: The organization has a clear and consistent mission focus, with program expenses consistently making up the majority of total expenses.. These findings are derived from AI analysis of the organization's financial filings.
How does Down East Lobstermens Association compensate executives?
Executive compensation has remained relatively stable, with an average of 926 dollars in 2017 and 15636 dollars in 2014, indicating a focus on mission over personal gain. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is the primary source of funding for the Down East Lobstermens Association?
The organization primarily relies on program expenses, with no significant fundraising activities reported, suggesting a focus on grants or donations.
How has the executive compensation changed over the years?
Executive compensation has remained relatively stable, with an average of 926 dollars in 2017 and 15636 dollars in 2014, indicating a focus on mission over personal gain.
What is the breakdown of expenses for the Down East Lobstermens Association?
Expenses are broken down into program, administrative, and fundraising activities, with program expenses consistently making up the majority of total expenses.
Filing History
IRS 990 filing history for Down East Lobstermens Association showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2020), Down East Lobstermens Association's revenue has declined by 32.8%, moving from $25K to $17K. Total assets increased by 50.7% over the same period, from $12K to $18K. Total functional expenses fell by 36.1%, from $27K to $17K. In its most recent filing year (2020), Down East Lobstermens Association reported a surplus of $0, with revenue exceeding expenses. The organization holds $18K in liabilities against $18K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $17K | $17K | $18K | $18K | — | — |
| 2019 | $17K | $15K | $2K | $0 | — | View 990 |
| 2018 | $16K | $16K | $217 | $0 | — | View 990 |
| 2017 | $12K | $11K | $926 | $0 | — | — |
| 2015 | $18K | $25K | $8K | $0 | — | View 990 |
| 2014 | $20K | $16K | $16K | $0 | — | View 990 |
| 2013 | $19K | $18K | $12K | $0 | — | View 990 |
| 2012 | $21K | $23K | $10K | $0 | — | View 990 |
| 2011 | $25K | $27K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $17K, expenses of $17K, and assets of $18K (revenue +0.0% year-over-year).
- 2019: Revenue of $17K, expenses of $15K, and assets of $2K (revenue +8.4% year-over-year).
- 2018: Revenue of $16K, expenses of $16K, and assets of $217 (revenue +32.1% year-over-year).
- 2017: Revenue of $12K, expenses of $11K, and assets of $926 (revenue -33.6% year-over-year).
- 2015: Revenue of $18K, expenses of $25K, and assets of $8K (revenue -11.8% year-over-year).
- 2014: Revenue of $20K, expenses of $16K, and assets of $16K (revenue +7.3% year-over-year).
- 2013: Revenue of $19K, expenses of $18K, and assets of $12K (revenue -11.4% year-over-year).
- 2012: Revenue of $21K, expenses of $23K, and assets of $10K (revenue -15.8% year-over-year).
- 2011: Revenue of $25K, expenses of $27K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Down East Lobstermens Association:
Data Sources and Methodology
This transparency report for Down East Lobstermens Association 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.