Eastport Arts Center

Eastport Arts Center shows consistent asset growth and strong financial surpluses in recent years with no reported officer compensation.

EIN: 10436739 · Eastport, ME · Updated: 2026-03-28

$295KRevenue

$792KAssets

85/100Mission Score (Excellent)

About Eastport Arts Center

Eastport Arts Center (EIN: 10436739) is a nonprofit organization based in Eastport, ME. The organization reported total revenue of $295K and total assets of $792K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastport Arts Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Eastport Arts Center demonstrates a generally stable financial position with consistent revenue streams and growing assets over the past decade. In the latest filing (202312), the organization reported strong revenue of $429,224 against expenses of $291,108, resulting in a significant surplus. This positive trend is also reflected in its asset growth, from $535,151 in 2014 to $766,475 in 2023, indicating sound financial management and accumulation of resources. The organization's liabilities remain very low, consistently under $25,000, which is a positive indicator of financial health and low debt burden.

Spending efficiency appears to be reasonable, though specific program, administrative, and fundraising expense breakdowns are not provided in the summary data. However, the consistent surpluses in recent years (e.g., $138,116 in 202312, $50,098 in 202112, $118,419 in 202012) suggest that the organization is managing its expenses effectively relative to its income. The absence of officer compensation reported across all filings indicates a volunteer-led or very lean executive structure, which can contribute to lower administrative overhead.

Transparency is generally good given the consistent filing of IRS Form 990s. The lack of reported officer compensation is a notable aspect, suggesting that the organization's leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation, which enhances public trust. The consistent growth in assets and low liabilities further contribute to a positive perception of financial stewardship.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Eastport Arts Center 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Eastport Arts Center allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Eastport Arts Center consistently reports 0% officer compensation across all available filings, indicating that its executive leadership is likely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with revenues fluctuating around $200,000-$400,000.

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 Eastport Arts Center:

Strong asset growth, from $535,151 in 2014 to $766,475 in 2023.
Consistent revenue surpluses in recent years, notably $138,116 in 202312.
Very low liabilities, consistently under $25,000, indicating minimal debt.
0% reported officer compensation, suggesting efficient use of funds for mission.
Consistent IRS 990 filing history, demonstrating good transparency.

Frequently Asked Questions about Eastport Arts Center

Is Eastport Arts Center financially stable?

Yes, the organization appears financially stable. It has consistently grown its assets from $535,151 in 2014 to $766,475 in 2023, and has reported significant revenue surpluses in recent years, such as $138,116 in 202312.

How does Eastport Arts Center manage executive compensation?

Eastport Arts Center reports 0% officer compensation in all available IRS 990 filings, suggesting that its executive leadership operates on a volunteer basis or is compensated through other means not classified as officer compensation.

What is the trend in the organization's revenue and expenses?

Revenue has shown fluctuations but a general upward trend, reaching $429,224 in 202312 from $209,281 in 201412. Expenses have also increased but generally at a slower rate, leading to consistent surpluses in most recent years.

Are there any significant liabilities or debts?

No, the organization maintains very low liabilities, consistently under $25,000 across all reported periods, indicating a healthy balance sheet with minimal debt.

Filing History

IRS 990 filing history for Eastport Arts Center showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Eastport Arts Center's revenue has grown by 122.8%, moving from $193K to $429K. Total assets increased by 36% over the same period, from $563K to $766K. Total functional expenses rose by 122.4%, from $131K to $291K. In its most recent filing year (2023), Eastport Arts Center reported a surplus of $138K, with revenue exceeding expenses. The organization holds $6K in liabilities against $766K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $761K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$429K	$291K	$766K	$6K	—	—
2022	$213K	$245K	$625K	$5K	—	—
2021	$273K	$223K	$664K	$9K	—	View 990
2020	$269K	$151K	$616K	$11K	—	View 990
2019	$201K	$179K	$497K	$10K	—	View 990
2018	$163K	$196K	$486K	$22K	—	View 990
2017	$196K	$217K	$507K	$9K	—	—
2016	$293K	$262K	$538K	$20K	—	View 990
2015	$173K	$197K	$507K	$20K	—	View 990
2014	$209K	$180K	$535K	$23K	—	View 990
2013	$121K	$141K	$503K	$21K	—	View 990
2012	$122K	$116K	$570K	$14K	—	View 990
2011	$193K	$131K	$563K	$14K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $429K, expenses of $291K, and assets of $766K (revenue +101.3% year-over-year).
2022: Revenue of $213K, expenses of $245K, and assets of $625K (revenue -21.9% year-over-year).
2021: Revenue of $273K, expenses of $223K, and assets of $664K (revenue +1.4% year-over-year).
2020: Revenue of $269K, expenses of $151K, and assets of $616K (revenue +33.7% year-over-year).
2019: Revenue of $201K, expenses of $179K, and assets of $497K (revenue +23.7% year-over-year).
2018: Revenue of $163K, expenses of $196K, and assets of $486K (revenue -17.0% year-over-year).
2017: Revenue of $196K, expenses of $217K, and assets of $507K (revenue -33.0% year-over-year).
2016: Revenue of $293K, expenses of $262K, and assets of $538K (revenue +69.8% year-over-year).
2015: Revenue of $173K, expenses of $197K, and assets of $507K (revenue -17.6% year-over-year).
2014: Revenue of $209K, expenses of $180K, and assets of $535K (revenue +73.0% year-over-year).
2013: Revenue of $121K, expenses of $141K, and assets of $503K (revenue -1.1% year-over-year).
2012: Revenue of $122K, expenses of $116K, and assets of $570K (revenue -36.5% year-over-year).
2011: Revenue of $193K, expenses of $131K, and assets of $563K.

Data Sources and Methodology

This transparency report for Eastport Arts Center 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.