Eastern Agency On Aging
Eastern Agency On Aging consistently directs over 80% of expenses to programs with no reported officer compensation.
EIN: 10328376 · Brewer, ME · NTEE: P81Z · Updated: 2026-03-28
Is Eastern 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 →
Eastern Agency On Aging directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eastern Agency On Aging
Eastern Agency On Aging (EIN: 10328376) is a nonprofit organization based in Brewer, ME, classified under NTEE code P81Z. The organization reported total revenue of $5.4M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastern Agency On Aging's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eastern Agency On Aging is a mid-size nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $4.8M |
| Surplus / Deficit | +$128K |
| Total Assets | $4.7M |
| Total Liabilities | $1.7M |
| Net Assets | $3.0M |
| Operating Margin | 2.6% |
| Debt-to-Asset Ratio | 35.4% |
| Months of Reserves | 11.7 months |
Financial Health Grade: A
In 2023, Eastern Agency On Aging reported a surplus of $128K with revenue exceeding expenses, holds 11.7 months of operating reserves (strong position), has a debt-to-asset ratio of 35.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Eastern Agency On Aging's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.0% | +10.6% | +45.1% |
| 2022 | +6.4% | +7.8% | -12.2% |
| 2021 | +10.2% | +7.4% | -0.5% |
| 2020 | +27.3% | +35.0% | +30.3% |
| 2019 | +7.1% | +0.6% | +10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1976 |
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 Eastern Agency On Aging with a Mission Score of 90 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, Eastern 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 $128K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.4%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all available periods, including the latest 2023 filing. This suggests that the organization's top leadership may be volunteer-based or compensated through non-officer roles, which is highly unusual for an organization of its size with nearly $5 million in annual revenue.
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 Eastern Agency On Aging's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could warrant further inquiry into executive compensation practices.
Strengths
The following positive indicators were identified for Eastern Agency On Aging:
- Strong program spending ratio, consistently directing a high percentage of expenses to direct services.
- Consistent and significant revenue growth over the past five years, indicating expanding capacity.
- Healthy financial position with assets consistently exceeding liabilities.
- Regular and transparent IRS 990 filings, providing public accountability.
- Efficient operations with low administrative and fundraising overhead, as implied by high program spending.
Frequently Asked Questions about Eastern Agency On Aging
Is Eastern Agency On Aging a legitimate charity?
Based on AI analysis of IRS 990 filings, Eastern Agency On Aging (EIN: 10328376) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Eastern Agency On Aging spend its money?
Eastern Agency On Aging directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eastern Agency On Aging tax-deductible?
Eastern Agency On Aging is registered as a tax-exempt nonprofit (EIN: 10328376). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Eastern Agency On Aging a good charity?
Based on its strong program spending (approximately 85% of expenses), consistent revenue growth, and healthy asset-to-liability ratio, Eastern Agency On Aging appears to be a very good charity effectively utilizing its resources for its mission.
How has the organization's revenue grown over time?
Eastern Agency On Aging has shown consistent revenue growth, increasing from $2,991,467 in 2019 to $4,907,151 in 2023, demonstrating a significant expansion in its financial capacity.
What is the organization's financial stability?
The organization appears financially stable, with assets consistently exceeding liabilities. For example, in 2023, assets were $4,677,815 against liabilities of $1,657,974, indicating a strong financial position.
Why is officer compensation reported as 0%?
The filings consistently show 0% officer compensation. This could mean that executive leadership is volunteer, compensated through a different category not captured as 'officer compensation' on the 990, or that the organization has a unique compensation structure. Further investigation into their detailed compensation schedules would be needed for full clarity.
Filing History
IRS 990 filing history for Eastern Agency On Aging showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Eastern Agency On Aging's revenue has grown by 93.7%, moving from $2.5M to $4.9M. Total assets increased by 273.2% over the same period, from $1.3M to $4.7M. Total functional expenses rose by 60.9%, from $3.0M to $4.8M. In its most recent filing year (2023), Eastern Agency On Aging reported a surplus of $128K, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $4.7M in assets (debt-to-asset ratio: 35.4%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $4.8M | $4.7M | $1.7M | — | — |
| 2022 | $4.5M | $4.3M | $3.2M | $540K | — | View 990 |
| 2021 | $4.2M | $4.0M | $3.7M | $764K | — | View 990 |
| 2020 | $3.8M | $3.7M | $3.7M | $1.3M | — | View 990 |
| 2019 | $3.0M | $2.8M | $2.8M | $549K | — | View 990 |
| 2018 | $2.8M | $2.7M | $2.6M | $513K | — | View 990 |
| 2017 | $2.7M | $2.7M | $2.3M | $422K | — | View 990 |
| 2016 | $2.8M | $2.8M | $2.2M | $482K | — | View 990 |
| 2015 | $2.5M | $2.7M | $2.1M | $540K | — | View 990 |
| 2014 | $3.4M | $2.4M | $2.3M | $394K | — | View 990 |
| 2013 | $2.5M | $2.4M | $1.2M | $384K | — | View 990 |
| 2012 | $2.5M | $2.6M | $1.4M | $597K | — | View 990 |
| 2011 | $2.5M | $3.0M | $1.3M | $463K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $4.8M, and assets of $4.7M (revenue +10.0% year-over-year).
- 2022: Revenue of $4.5M, expenses of $4.3M, and assets of $3.2M (revenue +6.4% year-over-year).
- 2021: Revenue of $4.2M, expenses of $4.0M, and assets of $3.7M (revenue +10.2% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.7M, and assets of $3.7M (revenue +27.3% year-over-year).
- 2019: Revenue of $3.0M, expenses of $2.8M, and assets of $2.8M (revenue +7.1% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.7M, and assets of $2.6M (revenue +4.7% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.7M, and assets of $2.3M (revenue -4.1% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.8M, and assets of $2.2M (revenue +10.4% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.7M, and assets of $2.1M (revenue -26.7% year-over-year).
- 2014: Revenue of $3.4M, expenses of $2.4M, and assets of $2.3M (revenue +37.2% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.4M, and assets of $1.2M (revenue -1.5% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.6M, and assets of $1.4M (revenue +0.4% year-over-year).
- 2011: Revenue of $2.5M, expenses of $3.0M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eastern Agency On Aging:
Data Sources and Methodology
This transparency report for Eastern 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.