Educate Maine
Educate Maine faces recent operational deficits despite consistent revenue growth over the past decade.
EIN: 203559947 · Portland, ME · NTEE: B05 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $2.3M |
| Program Spending | 80% |
| Net Assets | $771K |
| Transparency Score | 75/100 |
Is Educate Maine Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Educate Maine directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Educate Maine
Educate Maine (EIN: 203559947) is a nonprofit organization based in Portland, ME, classified under NTEE code B05. The organization reported total revenue of $3.6M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Educate Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Educate Maine is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-103,947 |
| Total Assets | $983K |
| Total Liabilities | $212K |
| Net Assets | $771K |
| Operating Margin | -4.8% |
| Debt-to-Asset Ratio | 21.6% |
| Months of Reserves | 5.2 months |
Financial Health Grade: B
In 2023, Educate Maine reported a deficit of $104K with expenses exceeding revenue, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 21.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Educate Maine's revenue has grown at a compound annual growth rate (CAGR) of 18.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.3% | +33.3% | -6.7% |
| 2022 | +81.0% | +51.9% | -5.3% |
| 2021 | -35.6% | -20.3% | -25.8% |
| 2020 | -32.2% | -13.1% | -0.5% |
| 2019 | +62.2% | +62.9% | +22.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Educate Maine with a Mission Score of 75 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, Educate Maine 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 $104K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, which is highly unusual and suggests either a fully volunteer leadership, compensation is paid by a related entity, or it's not reported under 'officer compensation' in the summary data. This practice, if accurate, indicates a strong commitment to directing funds towards the 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 Educate Maine's IRS 990 filings:
- Consistent operational deficits in the last three reported periods (2021-2023), with expenses exceeding revenue.
- Unusually low liabilities relative to assets in some years, which could indicate conservative financial management or specific funding structures.
Strengths
The following positive indicators were identified for Educate Maine:
- Strong revenue growth over the past decade, indicating increasing support for its mission.
- Consistent positive asset base, providing a buffer for operations.
- Reported 0% officer compensation across all filings, suggesting high efficiency in leadership costs or strong volunteer engagement.
- Maintained operations and asset growth despite periods of deficit spending.
Frequently Asked Questions about Educate Maine
Is Educate Maine a legitimate charity?
Educate Maine (EIN: 203559947) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Educate Maine spend its money?
Educate Maine directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Educate Maine tax-deductible?
Educate Maine is registered as a tax-exempt nonprofit (EIN: 203559947). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Educate Maine's spending goes to programs?
Educate Maine directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Educate Maine compare to similar nonprofits?
With a transparency score of 75/100 (Good), Educate Maine is above average for NTEE category B05 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Educate Maine located?
Educate Maine is headquartered in Portland, Maine and files with the IRS under EIN 203559947. It is classified under NTEE code B05.
How many years of IRS 990 filings does Educate Maine have?
Educate Maine 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 $3.6M in total revenue.
Is Educate Maine financially sustainable given recent deficits?
Educate Maine has experienced operational deficits in 2023 ($103,947), 2022 ($158,750), and 2021 ($267,698). While assets remain positive ($983,361 in 2023), a sustained trend of spending more than revenue could impact long-term financial health if not addressed.
How does Educate Maine fund its operations without officer compensation?
The consistent reporting of 0% officer compensation across all filings is notable. This could imply that leadership roles are filled by volunteers, compensated through a related entity, or that compensation is categorized differently in the full 990 forms. Further investigation into the full 990s would clarify this.
What is the trend in Educate Maine's revenue and expenses?
Educate Maine has seen significant revenue growth over the past decade, from $574,673 in 2014 to $2,165,035 in 2023. However, expenses have also grown, exceeding revenue in the last three reported periods (2021-2023).
Filing History
IRS 990 filing history for Educate Maine showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Educate Maine's revenue has grown by 665.1%, moving from $283K to $2.2M. Total assets increased by 374.4% over the same period, from $207K to $983K. Total functional expenses rose by 661.1%, from $298K to $2.3M. In its most recent filing year (2023), Educate Maine reported a deficit of $104K, with expenses exceeding revenue. The organization holds $212K in liabilities against $983K in assets (debt-to-asset ratio: 21.6%), resulting in net assets of $771K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.3M | $983K | $212K | — | — |
| 2022 | $1.5M | $1.7M | $1.1M | $178K | — | View 990 |
| 2021 | $853K | $1.1M | $1.1M | $78K | — | — |
| 2020 | $1.3M | $1.4M | $1.5M | $198K | — | View 990 |
| 2019 | $2.0M | $1.6M | $1.5M | $124K | — | View 990 |
| 2018 | $1.2M | $992K | $1.2M | $400K | — | View 990 |
| 2017 | $1.1M | $958K | $1.0M | $390K | — | View 990 |
| 2016 | $765K | $656K | $695K | $222K | — | View 990 |
| 2015 | $720K | $561K | $508K | $143K | — | View 990 |
| 2014 | $575K | $615K | $267K | $61K | — | View 990 |
| 2013 | $731K | $735K | $289K | $43K | — | View 990 |
| 2012 | $753K | $672K | $345K | $96K | — | View 990 |
| 2011 | $283K | $298K | $207K | $73K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.3M, and assets of $983K (revenue +40.3% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.7M, and assets of $1.1M (revenue +81.0% year-over-year).
- 2021: Revenue of $853K, expenses of $1.1M, and assets of $1.1M (revenue -35.6% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.4M, and assets of $1.5M (revenue -32.2% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.6M, and assets of $1.5M (revenue +62.2% year-over-year).
- 2018: Revenue of $1.2M, expenses of $992K, and assets of $1.2M (revenue +9.4% year-over-year).
- 2017: Revenue of $1.1M, expenses of $958K, and assets of $1.0M (revenue +44.0% year-over-year).
- 2016: Revenue of $765K, expenses of $656K, and assets of $695K (revenue +6.2% year-over-year).
- 2015: Revenue of $720K, expenses of $561K, and assets of $508K (revenue +25.3% year-over-year).
- 2014: Revenue of $575K, expenses of $615K, and assets of $267K (revenue -21.4% year-over-year).
- 2013: Revenue of $731K, expenses of $735K, and assets of $289K (revenue -2.9% year-over-year).
- 2012: Revenue of $753K, expenses of $672K, and assets of $345K (revenue +166.1% year-over-year).
- 2011: Revenue of $283K, expenses of $298K, and assets of $207K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Educate Maine:
Data Sources and Methodology
This transparency report for Educate Maine 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.