Ellen M Leach Memorial Home Inc
Ellen M Leach Memorial Home Inc. consistently operates with expenses exceeding revenue, maintaining significant liabilities.
EIN: 10485292 · Brewer, ME · Updated: 2026-03-28
Is Ellen M Leach Memorial Home Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ellen M Leach Memorial Home Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ellen M Leach Memorial Home Inc
Ellen M Leach Memorial Home Inc (EIN: 10485292) is a nonprofit organization based in Brewer, ME. The organization reported total revenue of $2.2M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ellen M Leach Memorial Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ellen M Leach Memorial Home Inc is a mid-size nonprofit that has been operating for 32 years, with 8 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 14.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-91,457 |
| Total Assets | $4.6M |
| Total Liabilities | $5.3M |
| Net Assets | $-671,008 |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 114.6% |
| Months of Reserves | 27.1 months |
Financial Health Grade: C
In 2023, Ellen M Leach Memorial Home Inc reported a deficit of $91K with expenses exceeding revenue, holds 27.1 months of operating reserves (strong position), has a debt-to-asset ratio of 114.6% (high leverage).
Financial Trends
Over 8 years of filings (2012–2023), Ellen M Leach Memorial Home Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.0% | +2.3% | -2.3% |
| 2022 | +12.6% | +19.2% | -6.1% |
| 2021 | +3.8% | +1.1% | -3.1% |
| 2020 | +5.2% | -5.9% | -16.9% |
| 2015 | -0.5% | +9.5% | -5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Ellen M Leach Memorial Home Inc with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ellen M Leach Memorial Home Inc 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 deficit of $91K, with expenses exceeding revenue.
- Debt-to-asset ratio: 114.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is a strong positive for financial transparency and resource allocation.
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 Ellen M Leach Memorial Home Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years.
- Liabilities consistently exceeding assets in recent periods, indicating negative net assets.
- Significant decline in total assets over the past decade (from $6.7M in 2013 to $4.6M currently).
Strengths
The following positive indicators were identified for Ellen M Leach Memorial Home Inc:
- No officer compensation reported across all filings, indicating strong financial transparency and resource allocation.
- Maintains substantial assets ($4,692,904) despite operational deficits, providing some financial stability.
- Long history of IRS 990 filings (8 filings), suggesting consistent compliance and transparency.
Frequently Asked Questions about Ellen M Leach Memorial Home Inc
Is Ellen M Leach Memorial Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ellen M Leach Memorial Home Inc (EIN: 10485292) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Ellen M Leach Memorial Home Inc spend its money?
Ellen M Leach Memorial Home Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ellen M Leach Memorial Home Inc tax-deductible?
Ellen M Leach Memorial Home Inc is registered as a tax-exempt nonprofit (EIN: 10485292). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Ellen M Leach Memorial Home Inc. financially sustainable given its consistent operational deficits?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., 202309: $1,953,455 revenue vs. $2,044,912 expenses), which raises questions about long-term operational sustainability without drawing down assets or increasing debt. However, it maintains substantial assets ($4,692,904) which provide a buffer.
Why have the organization's assets declined significantly over the past decade?
Assets have decreased from a high of $6,786,069 in 201309 to $4,692,904 in the latest filing. This decline, coupled with consistent operational deficits, suggests the organization may be using its reserves to cover expenses.
What is the nature of the organization's high liabilities relative to its assets?
For several periods, liabilities have exceeded assets (e.g., 202309: Assets $4,610,164 vs. Liabilities $5,281,172). This indicates a significant debt burden or reliance on restricted funds that are classified as liabilities, which could impact financial flexibility.
Filing History
IRS 990 filing history for Ellen M Leach Memorial Home Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2023), Ellen M Leach Memorial Home Inc's revenue has grown by 341.9%, moving from $442K to $2.0M. Total assets increased by 1082.3% over the same period, from $390K to $4.6M. Total functional expenses rose by 358.8%, from $446K to $2.0M. In its most recent filing year (2023), Ellen M Leach Memorial Home Inc reported a deficit of $91K, with expenses exceeding revenue. The organization holds $5.3M in liabilities against $4.6M in assets (debt-to-asset ratio: 114.6%), resulting in net assets of $-671,008.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.0M | $4.6M | $5.3M | — | View 990 |
| 2022 | $1.7M | $2.0M | $4.7M | $5.3M | — | View 990 |
| 2021 | $1.5M | $1.7M | $5.0M | $5.3M | — | View 990 |
| 2020 | $1.4M | $1.7M | $5.2M | $5.2M | — | View 990 |
| 2015 | $1.3M | $1.8M | $6.2M | $5.1M | — | View 990 |
| 2014 | $1.4M | $1.6M | $6.6M | $5.3M | — | View 990 |
| 2013 | $2.3M | $988K | $6.8M | $5.2M | — | View 990 |
| 2012 | $442K | $446K | $390K | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.0M, and assets of $4.6M (revenue +18.0% year-over-year).
- 2022: Revenue of $1.7M, expenses of $2.0M, and assets of $4.7M (revenue +12.6% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.7M, and assets of $5.0M (revenue +3.8% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.7M, and assets of $5.2M (revenue +5.2% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.8M, and assets of $6.2M (revenue -0.5% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.6M, and assets of $6.6M (revenue -40.1% year-over-year).
- 2013: Revenue of $2.3M, expenses of $988K, and assets of $6.8M (revenue +410.7% year-over-year).
- 2012: Revenue of $442K, expenses of $446K, and assets of $390K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ellen M Leach Memorial Home Inc:
Data Sources and Methodology
This transparency report for Ellen M Leach Memorial Home Inc 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.