Downeast Salmon Federation
Downeast Salmon Federation consistently generates surpluses and grows assets with no reported officer compensation.
EIN: 10532938 · Columbia Fls, ME · NTEE: D33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.9M |
| Transparency Score | 92/100 |
Is Downeast Salmon Federation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Downeast Salmon Federation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Downeast Salmon Federation
Downeast Salmon Federation (EIN: 10532938) is a nonprofit organization based in Columbia Fls, ME, classified under NTEE code D33. The organization reported total revenue of $2.2M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downeast Salmon Federation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downeast Salmon Federation is a mid-size nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 21.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$803K |
| Total Assets | $6.0M |
| Total Liabilities | $50K |
| Net Assets | $5.9M |
| Operating Margin | 37.7% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 54.0 months |
Financial Health Grade: A
In 2023, Downeast Salmon Federation reported a surplus of $803K with revenue exceeding expenses, holds 54.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Downeast Salmon Federation's revenue has grown at a compound annual growth rate (CAGR) of 21.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +101.3% | -6.6% | +17.0% |
| 2022 | -46.0% | +22.8% | -7.8% |
| 2021 | +33.1% | -5.6% | +16.3% |
| 2020 | +39.5% | +7.2% | +4.9% |
| 2019 | -20.0% | -2.4% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2001 |
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 Salmon Federation 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 Salmon Federation 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 $803K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
No officer compensation has been reported in any of the 14 filings, indicating that executive leadership is either volunteer or compensated through non-officer categories, which is highly favorable for a nonprofit of its size with assets exceeding $5 million.
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 Salmon Federation:
- Consistent revenue growth, with latest revenue at $2,129,209.
- Strong asset growth, reaching $5,972,156 in 202312.
- Consistent financial surpluses, indicating effective financial management.
- No reported officer compensation across all 14 filings, demonstrating high efficiency and dedication to mission.
- Low liabilities relative to assets, indicating strong financial stability.
Frequently Asked Questions about Downeast Salmon Federation
Is Downeast Salmon Federation a legitimate charity?
Based on AI analysis of IRS 990 filings, Downeast Salmon Federation (EIN: 10532938) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Downeast Salmon Federation spend its money?
Downeast Salmon Federation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Downeast Salmon Federation tax-deductible?
Downeast Salmon Federation is registered as a tax-exempt nonprofit (EIN: 10532938). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Downeast Salmon Federation CEO make?
Downeast Salmon Federation's highest-compensated officer earns $5 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Downeast Salmon Federation's spending goes to programs?
Downeast Salmon Federation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Downeast Salmon Federation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Downeast Salmon Federation is above average for NTEE category D33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Downeast Salmon Federation located?
Downeast Salmon Federation is headquartered in Columbia Fls, Maine and files with the IRS under EIN 10532938. It is classified under NTEE code D33.
How many years of IRS 990 filings does Downeast Salmon Federation have?
Downeast Salmon Federation 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 $2.2M in total revenue.
Is Downeast Salmon Federation a good charity?
Based on the provided financial data, Downeast Salmon Federation appears to be a very good charity. It consistently generates surpluses, grows its assets, and reports no officer compensation, suggesting strong financial health and a commitment to its mission.
How has Downeast Salmon Federation's financial health changed over time?
The organization's financial health has significantly improved over time, with revenue growing from $733,823 in 201412 to $2,129,209 in 202312, and assets more than doubling from $2,911,943 to $5,972,156 in the same period.
What is the trend in Downeast Salmon Federation's expenses?
Expenses have generally increased in line with revenue growth, from $550,252 in 201412 to $1,325,943 in 202312, indicating an expansion of activities while maintaining financial stability.
Filing History
IRS 990 filing history for Downeast Salmon Federation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Downeast Salmon Federation's revenue has grown by 1085.6%, moving from $180K to $2.1M. Total assets increased by 186.8% over the same period, from $2.1M to $6.0M. Total functional expenses rose by 555%, from $202K to $1.3M. In its most recent filing year (2023), Downeast Salmon Federation reported a surplus of $803K, with revenue exceeding expenses. The organization holds $50K in liabilities against $6.0M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.3M | $6.0M | $50K | — | — |
| 2022 | $1.1M | $1.4M | $5.1M | $32K | — | View 990 |
| 2021 | $2.0M | $1.2M | $5.5M | $36K | — | View 990 |
| 2020 | $1.5M | $1.2M | $4.8M | $49K | — | View 990 |
| 2019 | $1.1M | $1.1M | $4.5M | $79K | — | View 990 |
| 2018 | $1.3M | $1.2M | $4.6M | $91K | — | View 990 |
| 2017 | $1.6M | $940K | $4.4M | $57K | — | View 990 |
| 2016 | $1.2M | $631K | $3.7M | $29K | — | View 990 |
| 2015 | $664K | $555K | $3.1M | $9K | — | View 990 |
| 2014 | $734K | $550K | $2.9M | $20K | — | View 990 |
| 2013 | $635K | $404K | $2.7M | $6K | — | View 990 |
| 2012 | $448K | $380K | $2.5M | $2K | — | View 990 |
| 2011 | $526K | $220K | $2.4M | $0 | — | View 990 |
| 2010 | $180K | $202K | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.3M, and assets of $6.0M (revenue +101.3% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.4M, and assets of $5.1M (revenue -46.0% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.2M, and assets of $5.5M (revenue +33.1% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.2M, and assets of $4.8M (revenue +39.5% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $4.5M (revenue -20.0% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $4.6M (revenue -19.6% year-over-year).
- 2017: Revenue of $1.6M, expenses of $940K, and assets of $4.4M (revenue +36.7% year-over-year).
- 2016: Revenue of $1.2M, expenses of $631K, and assets of $3.7M (revenue +80.7% year-over-year).
- 2015: Revenue of $664K, expenses of $555K, and assets of $3.1M (revenue -9.6% year-over-year).
- 2014: Revenue of $734K, expenses of $550K, and assets of $2.9M (revenue +15.6% year-over-year).
- 2013: Revenue of $635K, expenses of $404K, and assets of $2.7M (revenue +41.6% year-over-year).
- 2012: Revenue of $448K, expenses of $380K, and assets of $2.5M (revenue -14.7% year-over-year).
- 2011: Revenue of $526K, expenses of $220K, and assets of $2.4M (revenue +192.7% year-over-year).
- 2010: Revenue of $180K, expenses of $202K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downeast Salmon Federation:
Data Sources and Methodology
This transparency report for Downeast Salmon Federation 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.