Eunice Frye Home
Eunice Frye Home reports fluctuating revenues and occasional deficits, maintaining strong assets and no executive compensation.
EIN: 10211504 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $244K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.8M |
| Transparency Score | 70/100 |
Is Eunice Frye Home Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eunice Frye Home directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eunice Frye Home
Eunice Frye Home (EIN: 10211504) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $1.2M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eunice Frye Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eunice Frye Home is a mid-size nonprofit that has been operating for 83 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $105K |
| Total Expenses | $244K |
| Surplus / Deficit | $-138,406 |
| Total Assets | $1.8M |
| Total Liabilities | $1 |
| Net Assets | $1.8M |
| Operating Margin | -131.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 86.6 months |
Financial Health Grade: B
In 2023, Eunice Frye Home reported a deficit of $138K with expenses exceeding revenue, holds 86.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Eunice Frye Home's revenue has declined at a compound annual growth rate (CAGR) of -5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.1% | +91.8% | -7.3% |
| 2022 | -10.4% | -16.6% | +0.1% |
| 2021 | +120.1% | +13.5% | -0.5% |
| 2020 | -67.2% | -0.8% | -3.5% |
| 2019 | +126.2% | +47.0% | +17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
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 Eunice Frye Home 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Eunice Frye Home allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $138K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly unusual for an organization with assets nearing $2 million.
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 Eunice Frye Home's IRS 990 filings:
- Significant deficit in latest filing (202309) with expenses ($243,683) more than double revenue ($105,277).
- Consistent reporting of $1 in liabilities, which is an unusual accounting practice.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Eunice Frye Home:
- Zero officer compensation reported across all filings, indicating a lean executive cost structure.
- Strong asset base, consistently around $1.8 million, providing financial stability.
- Minimal liabilities, consistently reported as $1, indicating a very healthy balance sheet.
- Long history of IRS 990 filings (10 filings), demonstrating commitment to transparency and compliance.
Frequently Asked Questions about Eunice Frye Home
Is Eunice Frye Home a legitimate charity?
Eunice Frye Home (EIN: 10211504) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.2M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Eunice Frye Home spend its money?
Eunice Frye Home directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Eunice Frye Home tax-deductible?
Eunice Frye Home is registered as a tax-exempt nonprofit (EIN: 10211504). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Eunice Frye Home CEO make?
Eunice Frye Home's highest-compensated officer earns $2 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Eunice Frye Home's spending goes to programs?
Eunice Frye Home directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Eunice Frye Home located?
Eunice Frye Home is headquartered in Portland, Maine and files with the IRS under EIN 10211504.
How many years of IRS 990 filings does Eunice Frye Home have?
Eunice Frye Home has 10 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 $1.2M in total revenue.
Why does Eunice Frye Home consistently report $1 in liabilities?
The consistent reporting of $1 in liabilities across multiple years is highly unusual and could indicate a specific accounting practice, a rounding convention for very small liabilities, or potentially an oversight in reporting. It suggests the organization operates with virtually no debt.
What caused the significant expense increase in 202309 to $243,683, far exceeding revenue?
The 202309 filing shows expenses of $243,683 against revenue of $105,277, resulting in a substantial deficit. This could be due to a one-time capital expenditure, a significant program expansion, or a temporary dip in funding. Further detail from the full 990 would be needed to understand the cause.
How does Eunice Frye Home sustain operations with fluctuating revenues and occasional deficits?
The organization's ability to sustain operations despite fluctuating revenues and periods where expenses exceed revenue (e.g., 202309, 202109, 202009) is likely supported by its substantial asset base, which has consistently been around $1.8 million. These assets provide a financial cushion.
Filing History
IRS 990 filing history for Eunice Frye Home showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Eunice Frye Home's revenue has declined by 50.4%, moving from $212K to $105K. Total assets increased by 30.5% over the same period, from $1.3M to $1.8M. Total functional expenses rose by 204.8%, from $80K to $244K. In its most recent filing year (2023), Eunice Frye Home reported a deficit of $138K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $105K | $244K | $1.8M | $1 | — | View 990 |
| 2022 | $128K | $127K | $1.9M | $1 | — | View 990 |
| 2021 | $143K | $152K | $1.9M | $1 | — | View 990 |
| 2020 | $65K | $134K | $1.9M | $1 | — | View 990 |
| 2019 | $199K | $135K | $2.0M | $1 | — | View 990 |
| 2015 | $88K | $92K | $1.7M | $1 | — | View 990 |
| 2014 | $208K | $107K | $1.7M | $1 | — | View 990 |
| 2013 | $233K | $88K | $1.6M | $1 | — | View 990 |
| 2012 | $181K | $88K | $1.4M | $1 | — | View 990 |
| 2011 | $212K | $80K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $105K, expenses of $244K, and assets of $1.8M (revenue -18.1% year-over-year).
- 2022: Revenue of $128K, expenses of $127K, and assets of $1.9M (revenue -10.4% year-over-year).
- 2021: Revenue of $143K, expenses of $152K, and assets of $1.9M (revenue +120.1% year-over-year).
- 2020: Revenue of $65K, expenses of $134K, and assets of $1.9M (revenue -67.2% year-over-year).
- 2019: Revenue of $199K, expenses of $135K, and assets of $2.0M (revenue +126.2% year-over-year).
- 2015: Revenue of $88K, expenses of $92K, and assets of $1.7M (revenue -57.8% year-over-year).
- 2014: Revenue of $208K, expenses of $107K, and assets of $1.7M (revenue -10.7% year-over-year).
- 2013: Revenue of $233K, expenses of $88K, and assets of $1.6M (revenue +28.3% year-over-year).
- 2012: Revenue of $181K, expenses of $88K, and assets of $1.4M (revenue -14.5% year-over-year).
- 2011: Revenue of $212K, expenses of $80K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eunice Frye Home:
Data Sources and Methodology
This transparency report for Eunice Frye Home 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.