Edgecomb Woods
Edgecomb Woods consistently spends more than it earns, leading to declining assets and high liabilities.
EIN: 10538200 · Portland, ME · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $243K |
| Total Expenses | $297K |
| Program Spending | 80% |
| Net Assets | $-592,704 |
| Transparency Score | 60/100 |
Is Edgecomb Woods Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edgecomb Woods directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edgecomb Woods
Edgecomb Woods (EIN: 10538200) is a nonprofit organization based in Portland, ME, classified under NTEE code L22. The organization reported total revenue of $243K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edgecomb Woods's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edgecomb Woods is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $241K |
| Total Expenses | $297K |
| Surplus / Deficit | $-55,638 |
| Total Assets | $1.6M |
| Total Liabilities | $2.2M |
| Net Assets | $-592,704 |
| Operating Margin | -23.1% |
| Debt-to-Asset Ratio | 136.0% |
| Months of Reserves | 66.6 months |
Financial Health Grade: C
In 2023, Edgecomb Woods reported a deficit of $56K with expenses exceeding revenue, holds 66.6 months of operating reserves (strong position), has a debt-to-asset ratio of 136.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Edgecomb Woods's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.5% | +18.0% | -2.5% |
| 2022 | +-0.0% | +10.6% | -3.3% |
| 2021 | +7.1% | -5.1% | -0.8% |
| 2020 | -0.2% | +8.0% | -2.7% |
| 2019 | +0.1% | -5.1% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Edgecomb Woods with a Mission Score of 60 out of 100 (Good). 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, Edgecomb Woods 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $56K, with expenses exceeding revenue.
- Debt-to-asset ratio: 136.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is a strong positive for an organization of its size, demonstrating a commitment to directing funds towards its mission rather than executive salaries.
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 Edgecomb Woods's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue), e.g., $296,516 expenses vs. $240,878 revenue in 2023.
- Declining asset base over the past decade, from $2,182,206 in 2014 to $1,645,667 in 2023.
- Liabilities consistently exceed assets, indicating a negative net asset position, e.g., $2,238,371 liabilities vs. $1,645,667 assets in 2023.
Strengths
The following positive indicators were identified for Edgecomb Woods:
- Zero officer compensation reported across all filings, indicating efficient use of funds in this area.
- Consistent filing of IRS 990 forms, demonstrating transparency in reporting.
Frequently Asked Questions about Edgecomb Woods
Is Edgecomb Woods a legitimate charity?
Edgecomb Woods (EIN: 10538200) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $243K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Edgecomb Woods spend its money?
Edgecomb Woods directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Edgecomb Woods tax-deductible?
Edgecomb Woods is registered as a tax-exempt nonprofit (EIN: 10538200). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Edgecomb Woods's spending goes to programs?
Edgecomb Woods directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Edgecomb Woods compare to similar nonprofits?
With a transparency score of 60/100 (Good), Edgecomb Woods is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Edgecomb Woods located?
Edgecomb Woods is headquartered in Portland, Maine and files with the IRS under EIN 10538200. It is classified under NTEE code L22.
How many years of IRS 990 filings does Edgecomb Woods have?
Edgecomb Woods has 13 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 $243K in total revenue.
Is Edgecomb Woods financially sustainable in the long term?
The consistent trend of expenses exceeding revenue and the steady decline in assets, coupled with high liabilities, raise concerns about Edgecomb Woods' long-term financial sustainability. For example, in 2023, expenses were $296,516 while revenue was $240,878, resulting in a deficit.
What is the source of funding covering the consistent operational deficits?
Given that expenses consistently exceed revenue (e.g., $296,516 expenses vs. $240,878 revenue in 2023), the organization must be drawing from its existing assets or other undisclosed funding mechanisms to cover these deficits. This is not sustainable indefinitely as assets are declining.
Why have liabilities consistently exceeded assets for many years?
Liabilities have consistently been higher than assets for Edgecomb Woods, for instance, $2,238,371 in liabilities versus $1,645,667 in assets in 2023. This indicates a significant debt burden or long-term obligations that are not fully covered by the organization's current assets, posing a financial risk.
Filing History
IRS 990 filing history for Edgecomb Woods showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Edgecomb Woods's revenue has grown by 34%, moving from $180K to $241K. Total assets decreased by 27% over the same period, from $2.3M to $1.6M. Total functional expenses rose by 60.6%, from $185K to $297K. In its most recent filing year (2023), Edgecomb Woods reported a deficit of $56K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $1.6M in assets (debt-to-asset ratio: 136.0%), resulting in net assets of $-592,704.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $241K | $297K | $1.6M | $2.2M | — | — |
| 2022 | $203K | $251K | $1.7M | $2.2M | — | View 990 |
| 2021 | $203K | $227K | $1.7M | $2.2M | — | View 990 |
| 2020 | $190K | $239K | $1.8M | $2.2M | — | View 990 |
| 2019 | $190K | $222K | $1.8M | $2.2M | — | View 990 |
| 2018 | $190K | $233K | $1.8M | $2.2M | — | View 990 |
| 2017 | $188K | $202K | $1.9M | $2.2M | — | — |
| 2016 | $179K | $442K | $1.9M | $2.2M | — | View 990 |
| 2015 | $173K | $202K | $2.2M | $2.2M | — | View 990 |
| 2014 | $174K | $201K | $2.2M | $2.2M | — | View 990 |
| 2013 | $167K | $204K | $2.2M | $2.2M | — | View 990 |
| 2012 | $177K | $182K | $2.2M | $2.2M | — | View 990 |
| 2011 | $180K | $185K | $2.3M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $241K, expenses of $297K, and assets of $1.6M (revenue +18.5% year-over-year).
- 2022: Revenue of $203K, expenses of $251K, and assets of $1.7M (revenue +-0.0% year-over-year).
- 2021: Revenue of $203K, expenses of $227K, and assets of $1.7M (revenue +7.1% year-over-year).
- 2020: Revenue of $190K, expenses of $239K, and assets of $1.8M (revenue -0.2% year-over-year).
- 2019: Revenue of $190K, expenses of $222K, and assets of $1.8M (revenue +0.1% year-over-year).
- 2018: Revenue of $190K, expenses of $233K, and assets of $1.8M (revenue +1.1% year-over-year).
- 2017: Revenue of $188K, expenses of $202K, and assets of $1.9M (revenue +5.2% year-over-year).
- 2016: Revenue of $179K, expenses of $442K, and assets of $1.9M (revenue +3.6% year-over-year).
- 2015: Revenue of $173K, expenses of $202K, and assets of $2.2M (revenue -0.7% year-over-year).
- 2014: Revenue of $174K, expenses of $201K, and assets of $2.2M (revenue +4.1% year-over-year).
- 2013: Revenue of $167K, expenses of $204K, and assets of $2.2M (revenue -5.7% year-over-year).
- 2012: Revenue of $177K, expenses of $182K, and assets of $2.2M (revenue -1.4% year-over-year).
- 2011: Revenue of $180K, expenses of $185K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edgecomb Woods:
Data Sources and Methodology
This transparency report for Edgecomb Woods 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.