Equality Maine Foundation
Equality Maine Foundation shows strong financial growth and zero officer compensation in recent filings.
EIN: 10515357 · Portland, ME · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $575K |
| Total Expenses | $526K |
| Program Spending | 85% |
| Net Assets | $650K |
| Transparency Score | 90/100 |
Is Equality Maine Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Equality Maine Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Equality Maine Foundation
Equality Maine Foundation (EIN: 10515357) is a nonprofit organization based in Portland, ME, classified under NTEE code P80. The organization reported total revenue of $575K and total assets of $482K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Equality Maine Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Equality Maine Foundation is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $718K |
| Total Expenses | $526K |
| Surplus / Deficit | +$192K |
| Total Assets | $650K |
| Net Assets | $650K |
| Operating Margin | 26.8% |
| Months of Reserves | 14.8 months |
Financial Health Grade: A
In 2023, Equality Maine Foundation reported a surplus of $192K with revenue exceeding expenses, holds 14.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Equality Maine Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.0% | +1.6% | +46.3% |
| 2022 | -39.9% | +8.2% | -15.8% |
| 2021 | +81.7% | +12.7% | +100.9% |
| 2020 | -19.2% | -4.3% | +23.3% |
| 2019 | +40.7% | +19.5% | +87.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1998 |
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 Equality Maine Foundation 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, Equality Maine Foundation 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 $192K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a highly positive indicator of the organization's commitment to directing funds towards its mission rather than executive pay.
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 Equality Maine Foundation:
- Consistent 0% officer compensation across all filings, indicating strong commitment to mission spending.
- Significant asset growth from $32,644 in 201409 to $649,917 in 202309.
- Latest filing (202309) shows a healthy surplus with revenue ($718,365) exceeding expenses ($526,132).
- Zero liabilities reported in the latest filing (202309), indicating a strong balance sheet.
- Overall positive trend in financial health and capacity over the past decade.
Frequently Asked Questions about Equality Maine Foundation
Is Equality Maine Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Equality Maine Foundation (EIN: 10515357) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Equality Maine Foundation spend its money?
Equality Maine Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Equality Maine Foundation tax-deductible?
Equality Maine Foundation is registered as a tax-exempt nonprofit (EIN: 10515357). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Equality Maine Foundation's spending goes to programs?
Equality Maine Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Equality Maine Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Equality Maine Foundation is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Equality Maine Foundation located?
Equality Maine Foundation is headquartered in Portland, Maine and files with the IRS under EIN 10515357. It is classified under NTEE code P80.
How many years of IRS 990 filings does Equality Maine Foundation have?
Equality Maine Foundation 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 $575K in total revenue.
Is Equality Maine Foundation financially stable?
Yes, the organization appears financially stable. In the latest period (202309), revenue ($718,365) significantly exceeded expenses ($526,132), leading to an increase in assets to $649,917 and zero liabilities, indicating strong financial health.
How has Equality Maine Foundation's revenue trended?
Equality Maine Foundation's revenue has shown a positive trend, with the latest reported revenue of $718,365 in 202309 being a substantial increase from $478,916 in 202209 and generally growing over the past decade, albeit with some fluctuations.
Does Equality Maine Foundation pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all available periods, indicating that no officers receive salaries from the organization.
What is the organization's asset growth like?
The organization has demonstrated strong asset growth, increasing from $32,644 in 201409 to $649,917 in 202309, indicating effective financial management and accumulation of resources.
Filing History
IRS 990 filing history for Equality Maine Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Equality Maine Foundation's revenue has declined by 35%, moving from $1.1M to $718K. Total assets increased by 185.2% over the same period, from $228K to $650K. Total functional expenses fell by 47.8%, from $1.0M to $526K. In its most recent filing year (2023), Equality Maine Foundation reported a surplus of $192K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $718K | $526K | $650K | $0 | — | — |
| 2022 | $479K | $518K | $444K | $228 | — | View 990 |
| 2021 | $797K | $479K | $528K | $646 | — | View 990 |
| 2020 | $439K | $424K | $263K | $51K | — | — |
| 2019 | $543K | $444K | $213K | $0 | — | View 990 |
| 2018 | $386K | $371K | $114K | $371 | — | View 990 |
| 2017 | $428K | $332K | $99K | $932 | — | View 990 |
| 2016 | $318K | $297K | $55K | $52K | — | View 990 |
| 2015 | $411K | $387K | $43K | $61K | — | View 990 |
| 2014 | $408K | $544K | $33K | $75K | — | View 990 |
| 2013 | $381K | $530K | $93K | $679 | — | View 990 |
| 2012 | $1.4M | $1.3M | $253K | $12K | — | View 990 |
| 2011 | $1.1M | $1.0M | $228K | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $718K, expenses of $526K, and assets of $650K (revenue +50.0% year-over-year).
- 2022: Revenue of $479K, expenses of $518K, and assets of $444K (revenue -39.9% year-over-year).
- 2021: Revenue of $797K, expenses of $479K, and assets of $528K (revenue +81.7% year-over-year).
- 2020: Revenue of $439K, expenses of $424K, and assets of $263K (revenue -19.2% year-over-year).
- 2019: Revenue of $543K, expenses of $444K, and assets of $213K (revenue +40.7% year-over-year).
- 2018: Revenue of $386K, expenses of $371K, and assets of $114K (revenue -9.7% year-over-year).
- 2017: Revenue of $428K, expenses of $332K, and assets of $99K (revenue +34.5% year-over-year).
- 2016: Revenue of $318K, expenses of $297K, and assets of $55K (revenue -22.6% year-over-year).
- 2015: Revenue of $411K, expenses of $387K, and assets of $43K (revenue +0.6% year-over-year).
- 2014: Revenue of $408K, expenses of $544K, and assets of $33K (revenue +7.1% year-over-year).
- 2013: Revenue of $381K, expenses of $530K, and assets of $93K (revenue -72.1% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $253K (revenue +23.7% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.0M, and assets of $228K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Equality Maine Foundation:
Data Sources and Methodology
This transparency report for Equality Maine Foundation 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.