Fairmount Cemetery Assoc
Fairmount Cemetery Assoc maintains stable finances with growing assets and no liabilities, operating near break-even.
EIN: 10207022 · Presque Isle, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $111K |
| Total Expenses | $94K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100,000. |
| Net Assets | $1.3M |
| Transparency Score | 90/100 |
Is Fairmount Cemetery Assoc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fairmount Cemetery Assoc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fairmount Cemetery Assoc
Fairmount Cemetery Assoc (EIN: 10207022) is a nonprofit organization based in Presque Isle, ME. The organization reported total revenue of $111K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairmount Cemetery Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fairmount Cemetery Assoc is a small nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $86K |
| Total Expenses | $94K |
| Surplus / Deficit | $-7,746 |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | -9.0% |
| Months of Reserves | 162.8 months |
Financial Health Grade: B
In 2023, Fairmount Cemetery Assoc reported a deficit of $8K with expenses exceeding revenue, holds 162.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Fairmount Cemetery Assoc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.4% | +15.5% | +8.6% |
| 2022 | -48.2% | -26.3% | -14.8% |
| 2021 | +77.9% | +66.5% | +8.0% |
| 2020 | -24.3% | -7.0% | +10.0% |
| 2019 | -13.0% | -19.1% | +16.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
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 Fairmount Cemetery Assoc 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: 90%
- fundraising: 0%
According to IRS 990 filings, Fairmount Cemetery Assoc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $8K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are likely volunteers or compensated minimally, which is highly efficient for an organization of its size with annual revenues around $100,000.
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 Fairmount Cemetery Assoc's IRS 990 filings:
- NTEE Code is unknown, limiting direct comparison to peer organizations.
Strengths
The following positive indicators were identified for Fairmount Cemetery Assoc:
- Consistent growth in assets, from $974,275 in 2014 to $1,276,461 in 2023.
- Zero reported liabilities across all filings, indicating strong financial health and no debt.
- 0% officer compensation reported, suggesting highly efficient use of funds for mission-related activities.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and compliance.
- Stable financial operations, generally operating near break-even without significant deficits.
Frequently Asked Questions about Fairmount Cemetery Assoc
Is Fairmount Cemetery Assoc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fairmount Cemetery Assoc (EIN: 10207022) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Fairmount Cemetery Assoc spend its money?
Fairmount Cemetery Assoc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fairmount Cemetery Assoc tax-deductible?
Fairmount Cemetery Assoc is registered as a tax-exempt nonprofit (EIN: 10207022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fairmount Cemetery Assoc CEO make?
Fairmount Cemetery Assoc's highest-compensated officer earns $100,000. annually. The organization reported $111K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Fairmount Cemetery Assoc located?
Fairmount Cemetery Assoc is headquartered in Presque Isle, Maine and files with the IRS under EIN 10207022.
How many years of IRS 990 filings does Fairmount Cemetery Assoc have?
Fairmount Cemetery Assoc 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 $111K in total revenue.
Is Fairmount Cemetery Assoc a good charity?
Based on the available financial data, Fairmount Cemetery Assoc appears to be a well-managed organization. It maintains a strong asset base, consistently reports zero liabilities, and shows no officer compensation, suggesting efficient use of funds. Its consistent filing of IRS 990s also indicates good transparency.
How does Fairmount Cemetery Assoc manage its finances?
The organization manages its finances conservatively, operating near break-even annually. It has steadily grown its assets from $974,275 in 2014 to $1,276,461 in 2023 and consistently reports no liabilities, indicating a very stable financial position.
What is the trend in Fairmount Cemetery Assoc's revenue and expenses?
Revenue and expenses for Fairmount Cemetery Assoc fluctuate year-to-year but generally remain in a similar range, typically between $60,000 and $120,000. The organization often operates with a slight surplus or deficit, such as a $10,000 surplus in 2021 and a $7,746 deficit in 2023, indicating a focus on covering operational costs.
Filing History
IRS 990 filing history for Fairmount Cemetery Assoc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fairmount Cemetery Assoc's revenue has grown by 56.6%, moving from $55K to $86K. Total assets increased by 58.8% over the same period, from $804K to $1.3M. Total functional expenses rose by 57.6%, from $60K to $94K. In its most recent filing year (2023), Fairmount Cemetery Assoc reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $86K | $94K | $1.3M | $0 | — | — |
| 2022 | $62K | $81K | $1.2M | $0 | — | View 990 |
| 2021 | $120K | $111K | $1.4M | $0 | — | View 990 |
| 2020 | $68K | $66K | $1.3M | $0 | — | View 990 |
| 2019 | $89K | $71K | $1.2M | $0 | — | View 990 |
| 2018 | $103K | $88K | $994K | $0 | — | View 990 |
| 2017 | $128K | $67K | $1.1M | $0 | — | View 990 |
| 2016 | $60K | $63K | $965K | $0 | — | View 990 |
| 2015 | $74K | $75K | $926K | $0 | — | View 990 |
| 2014 | $62K | $72K | $974K | $0 | — | View 990 |
| 2013 | $75K | $62K | $955K | $0 | — | View 990 |
| 2012 | $51K | $63K | $860K | $0 | — | View 990 |
| 2011 | $55K | $60K | $804K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $86K, expenses of $94K, and assets of $1.3M (revenue +38.4% year-over-year).
- 2022: Revenue of $62K, expenses of $81K, and assets of $1.2M (revenue -48.2% year-over-year).
- 2021: Revenue of $120K, expenses of $111K, and assets of $1.4M (revenue +77.9% year-over-year).
- 2020: Revenue of $68K, expenses of $66K, and assets of $1.3M (revenue -24.3% year-over-year).
- 2019: Revenue of $89K, expenses of $71K, and assets of $1.2M (revenue -13.0% year-over-year).
- 2018: Revenue of $103K, expenses of $88K, and assets of $994K (revenue -19.6% year-over-year).
- 2017: Revenue of $128K, expenses of $67K, and assets of $1.1M (revenue +115.0% year-over-year).
- 2016: Revenue of $60K, expenses of $63K, and assets of $965K (revenue -19.9% year-over-year).
- 2015: Revenue of $74K, expenses of $75K, and assets of $926K (revenue +20.5% year-over-year).
- 2014: Revenue of $62K, expenses of $72K, and assets of $974K (revenue -17.4% year-over-year).
- 2013: Revenue of $75K, expenses of $62K, and assets of $955K (revenue +46.2% year-over-year).
- 2012: Revenue of $51K, expenses of $63K, and assets of $860K (revenue -7.4% year-over-year).
- 2011: Revenue of $55K, expenses of $60K, and assets of $804K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fairmount Cemetery Assoc:
Data Sources and Methodology
This transparency report for Fairmount Cemetery Assoc 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.