Fifth Maine Regiment Museum

Fifth Maine Regiment Museum maintains strong asset base with volunteer leadership and fluctuating but stable revenue.

EIN: 10357895 · Peaks Island, ME · Updated: 2026-03-28

$161KRevenue

$1.7MAssets

90/100Mission Score (Excellent)

About Fifth Maine Regiment Museum

Fifth Maine Regiment Museum (EIN: 10357895) is a nonprofit organization based in Peaks Island, ME. The organization reported total revenue of $161K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fifth Maine Regiment Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Fifth Maine Regiment Museum demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. Over the past five years, assets have grown from $1,571,180 in 2019 to $1,702,117 in 2023, indicating sound financial management and potentially successful fundraising or investment strategies. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer-driven leadership and efficient use of donor funds for its mission. While specific breakdowns of program, administrative, and fundraising expenses are not detailed in the provided summary, the overall expense levels are well within the range of its revenue, suggesting responsible spending.

The museum's revenue has fluctuated, with a notable dip in 2020 ($60,992) likely due to the pandemic, but it has since recovered to $167,918 in 2023. Expenses have also shown variability, but generally remain below or close to revenue, allowing for asset growth. The consistent reporting of zero liabilities in several years (e.g., 2021, 2022) further underscores a strong financial position. The lack of officer compensation is a significant positive for transparency and efficiency, as it means all leadership is voluntary, directing more resources to the museum's operations and preservation efforts.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Fifth Maine Regiment Museum 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, Fifth Maine Regiment Museum 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.

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 Fifth Maine Regiment Museum:

Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
Strong and growing asset base, reaching $1,702,117 in 2023, demonstrating financial stability.
Responsible expense management, with expenses generally below or close to revenue, allowing for asset growth.
Low or zero liabilities in most years, indicating sound financial health and minimal debt.

Frequently Asked Questions about Fifth Maine Regiment Museum

Is Fifth Maine Regiment Museum a good charity?

Based on the provided data, the Fifth Maine Regiment Museum appears to be a very good charity. It has a strong and growing asset base ($1,702,117 in 2023), consistently reports 0% officer compensation, and manages its expenses responsibly relative to its revenue.

How has the museum's financial health changed over the past five years?

Over the past five years (2019-2023), the museum's assets have grown from $1,571,180 to $1,702,117. Revenue has fluctuated, with a low of $60,992 in 2020 and a high of $188,088 in 2019, but has generally recovered to $167,918 in 2023, indicating resilience and stable growth.

What is the organization's approach to executive compensation?

The organization's approach to executive compensation is to have none. All officer compensation is reported as 0% across all available filings, meaning its leadership serves on a voluntary basis.

Filing History

IRS 990 filing history for Fifth Maine Regiment Museum showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Fifth Maine Regiment Museum's revenue has grown by 149.4%, moving from $67K to $168K. Total assets increased by 25.1% over the same period, from $1.4M to $1.7M. Total functional expenses rose by 183.4%, from $57K to $163K. In its most recent filing year (2023), Fifth Maine Regiment Museum reported a surplus of $5K, with revenue exceeding expenses. The organization holds $4K in liabilities against $1.7M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$168K	$163K	$1.7M	$4K	—	—
2022	$158K	$133K	$1.7M	$0	—	View 990
2021	$182K	$95K	$1.7M	$0	—	View 990
2020	$61K	$67K	$1.6M	$630	—	—
2019	$188K	$61K	$1.6M	$13	—	View 990
2018	$63K	$63K	$1.4M	$25	—	View 990
2017	$64K	$46K	$1.4M	$4K	—	View 990
2016	$67K	$55K	$1.4M	$0	—	View 990
2015	$63K	$66K	$1.4M	$0	—	View 990
2014	$110K	$72K	$1.4M	$500	—	View 990
2013	$59K	$71K	$1.4M	$2K	—	View 990
2012	$126K	$96K	$1.4M	$0	—	View 990
2011	$67K	$57K	$1.4M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $168K, expenses of $163K, and assets of $1.7M (revenue +6.0% year-over-year).
2022: Revenue of $158K, expenses of $133K, and assets of $1.7M (revenue -12.9% year-over-year).
2021: Revenue of $182K, expenses of $95K, and assets of $1.7M (revenue +198.2% year-over-year).
2020: Revenue of $61K, expenses of $67K, and assets of $1.6M (revenue -67.6% year-over-year).
2019: Revenue of $188K, expenses of $61K, and assets of $1.6M (revenue +199.3% year-over-year).
2018: Revenue of $63K, expenses of $63K, and assets of $1.4M (revenue -2.1% year-over-year).
2017: Revenue of $64K, expenses of $46K, and assets of $1.4M (revenue -4.3% year-over-year).
2016: Revenue of $67K, expenses of $55K, and assets of $1.4M (revenue +5.9% year-over-year).
2015: Revenue of $63K, expenses of $66K, and assets of $1.4M (revenue -42.3% year-over-year).
2014: Revenue of $110K, expenses of $72K, and assets of $1.4M (revenue +85.7% year-over-year).
2013: Revenue of $59K, expenses of $71K, and assets of $1.4M (revenue -53.1% year-over-year).
2012: Revenue of $126K, expenses of $96K, and assets of $1.4M (revenue +87.0% year-over-year).
2011: Revenue of $67K, expenses of $57K, and assets of $1.4M.

Data Sources and Methodology

This transparency report for Fifth Maine Regiment Museum 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.