Downeast Horizons Inc
Downeast Horizons Inc shows consistent revenue growth and strong program spending with no reported officer compensation.
EIN: 10331180 · Bar Harbor, ME · NTEE: F80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.0M |
| Total Expenses | $8.9M |
| Program Spending | 85% |
| Net Assets | $11.9M |
| Transparency Score | 92/100 |
Is Downeast Horizons Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Downeast Horizons Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Downeast Horizons Inc
Downeast Horizons Inc (EIN: 10331180) is a nonprofit organization based in Bar Harbor, ME, classified under NTEE code F80. The organization reported total revenue of $10.0M and total assets of $13.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downeast Horizons Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downeast Horizons Inc is a large nonprofit that has been operating for 51 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.1M |
| Total Expenses | $8.9M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $13.0M |
| Total Liabilities | $1.1M |
| Net Assets | $11.9M |
| Operating Margin | 11.5% |
| Debt-to-Asset Ratio | 8.4% |
| Months of Reserves | 17.5 months |
Financial Health Grade: A
In 2023, Downeast Horizons Inc reported a surplus of $1.2M with revenue exceeding expenses, holds 17.5 months of operating reserves (strong position), has a debt-to-asset ratio of 8.4% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Downeast Horizons Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.4% | +3.6% | +9.4% |
| 2022 | +6.8% | +9.5% | +3.6% |
| 2021 | +1.6% | +1.2% | +10.0% |
| 2020 | +29.3% | +29.4% | +37.6% |
| 2018 | +10.1% | +10.0% | +12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
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 Downeast Horizons Inc with a Mission Score of 92 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, Downeast Horizons 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 $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.4%.
Executive Compensation Analysis
Downeast Horizons Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a strong commitment to directing all resources to program services.
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.
Strengths
The following positive indicators were identified for Downeast Horizons Inc:
- Consistent revenue growth, more than doubling from $4.89M in 2013 to $10.05M in 2023.
- Strong financial health with steadily increasing assets, reaching $12.97M in 2023.
- Zero reported officer compensation across all filings, indicating high resource allocation to mission.
- Healthy operating surpluses, with revenues consistently exceeding expenses (e.g., $10.05M revenue vs $8.90M expenses in 2023).
- Effective management of liabilities, which remain a small percentage of total assets.
Frequently Asked Questions about Downeast Horizons Inc
Is Downeast Horizons Inc a legitimate charity?
Downeast Horizons Inc (EIN: 10331180) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 11 years of IRS 990 filings on record. Total revenue: $10.0M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Downeast Horizons Inc spend its money?
Downeast Horizons Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Downeast Horizons Inc tax-deductible?
Downeast Horizons Inc is registered as a tax-exempt nonprofit (EIN: 10331180). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Downeast Horizons Inc's spending goes to programs?
Downeast Horizons Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Downeast Horizons Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Downeast Horizons Inc is above average for NTEE category F80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Downeast Horizons Inc located?
Downeast Horizons Inc is headquartered in Bar Harbor, Maine and files with the IRS under EIN 10331180. It is classified under NTEE code F80.
How many years of IRS 990 filings does Downeast Horizons Inc have?
Downeast Horizons Inc has 11 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 $10.0M in total revenue.
Is Downeast Horizons Inc a good charity?
Based on the available IRS 990 data, Downeast Horizons Inc appears to be a very good charity. They demonstrate strong financial health, consistent revenue growth, and a high commitment to program spending, evidenced by their 0% reported officer compensation and healthy operating surpluses.
How has Downeast Horizons Inc's revenue grown over time?
Downeast Horizons Inc has shown significant revenue growth, increasing from $4,890,188 in 2013 to $10,055,356 in 2023, more than doubling its revenue in a decade.
What is Downeast Horizons Inc's financial stability?
The organization exhibits strong financial stability, with assets growing from $3,936,196 in 2013 to $12,979,346 in 2023, and liabilities remaining manageable relative to assets, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Downeast Horizons Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Downeast Horizons Inc's revenue has grown by 124.4%, moving from $4.5M to $10.1M. Total assets increased by 309.1% over the same period, from $3.2M to $13.0M. Total functional expenses rose by 110.3%, from $4.2M to $8.9M. In its most recent filing year (2023), Downeast Horizons Inc reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $13.0M in assets (debt-to-asset ratio: 8.4%), resulting in net assets of $11.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.1M | $8.9M | $13.0M | $1.1M | — | — |
| 2022 | $9.2M | $8.6M | $11.9M | $1.1M | — | View 990 |
| 2021 | $8.6M | $7.8M | $11.4M | $1.2M | — | — |
| 2020 | $8.5M | $7.8M | $10.4M | $2.3M | — | View 990 |
| 2018 | $6.6M | $6.0M | $7.6M | $1.3M | — | View 990 |
| 2017 | $6.0M | $5.4M | $6.7M | $1.1M | — | View 990 |
| 2016 | $6.1M | $5.4M | $5.7M | $517K | — | View 990 |
| 2015 | $5.7M | $5.2M | $4.9M | $442K | — | View 990 |
| 2013 | $4.9M | $4.6M | $3.9M | $541K | — | View 990 |
| 2012 | $4.9M | $4.3M | $3.8M | $708K | — | View 990 |
| 2011 | $4.5M | $4.2M | $3.2M | $715K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.1M, expenses of $8.9M, and assets of $13.0M (revenue +9.4% year-over-year).
- 2022: Revenue of $9.2M, expenses of $8.6M, and assets of $11.9M (revenue +6.8% year-over-year).
- 2021: Revenue of $8.6M, expenses of $7.8M, and assets of $11.4M (revenue +1.6% year-over-year).
- 2020: Revenue of $8.5M, expenses of $7.8M, and assets of $10.4M (revenue +29.3% year-over-year).
- 2018: Revenue of $6.6M, expenses of $6.0M, and assets of $7.6M (revenue +10.1% year-over-year).
- 2017: Revenue of $6.0M, expenses of $5.4M, and assets of $6.7M (revenue -3.2% year-over-year).
- 2016: Revenue of $6.1M, expenses of $5.4M, and assets of $5.7M (revenue +7.5% year-over-year).
- 2015: Revenue of $5.7M, expenses of $5.2M, and assets of $4.9M (revenue +16.9% year-over-year).
- 2013: Revenue of $4.9M, expenses of $4.6M, and assets of $3.9M (revenue -0.5% year-over-year).
- 2012: Revenue of $4.9M, expenses of $4.3M, and assets of $3.8M (revenue +9.7% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.2M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downeast Horizons Inc:
Data Sources and Methodology
This transparency report for Downeast Horizons 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.