Fish Family Foundation Of Maine
Fish Family Foundation Of Maine consistently operates with low liabilities and no officer compensation, but frequently reports annual deficits.
EIN: 208132191 · Bangor, ME · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $41K |
| Total Expenses | $27K |
| Program Spending | 85% |
| Net Assets | $73K |
| Transparency Score | 75/100 |
Is Fish Family Foundation Of Maine Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fish Family Foundation Of Maine directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fish Family Foundation Of Maine
Fish Family Foundation Of Maine (EIN: 208132191) is a nonprofit organization based in Bangor, ME, classified under NTEE code T22. The organization reported total revenue of $41K and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fish Family Foundation Of Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fish Family Foundation Of Maine is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $27K |
| Surplus / Deficit | $-4,787 |
| Total Assets | $73K |
| Total Liabilities | $1 |
| Net Assets | $73K |
| Operating Margin | -21.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 32.2 months |
Financial Health Grade: B
In 2023, Fish Family Foundation Of Maine reported a deficit of $5K with expenses exceeding revenue, holds 32.2 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), Fish Family Foundation Of Maine's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.6% | +3.2% | -6.1% |
| 2022 | -47.8% | +4.1% | -6.9% |
| 2021 | +115.4% | -17.3% | +20.6% |
| 2020 | -80.3% | +26.7% | -15.1% |
| 2019 | +445.0% | -63.1% | +30.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Fish Family Foundation Of Maine with a Mission Score of 75 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, Fish Family Foundation Of Maine 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 $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for a small foundation.
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 Fish Family Foundation Of Maine's IRS 990 filings:
- Recurring operational deficits (e.g., 202312: $22,513 revenue vs. $27,300 expenses)
- General downward trend in assets over the long term (from $120,012 in 201112 to $73,170 in 202312)
Strengths
The following positive indicators were identified for Fish Family Foundation Of Maine:
- Consistent 0% officer compensation across all filings, indicating efficient use of funds for leadership.
- Extremely low liabilities ($1 across all filings), demonstrating strong financial management and no significant debt.
- Consistent filing of IRS Form 990s, indicating good transparency and regulatory compliance.
- Stable asset base in recent years, providing a foundation for operations despite deficits.
Frequently Asked Questions about Fish Family Foundation Of Maine
Is Fish Family Foundation Of Maine a legitimate charity?
Fish Family Foundation Of Maine (EIN: 208132191) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $41K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Fish Family Foundation Of Maine spend its money?
Fish Family Foundation Of Maine directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Fish Family Foundation Of Maine tax-deductible?
Fish Family Foundation Of Maine is registered as a tax-exempt nonprofit (EIN: 208132191). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fish Family Foundation Of Maine's spending goes to programs?
Fish Family Foundation Of Maine directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fish Family Foundation Of Maine compare to similar nonprofits?
With a transparency score of 75/100 (Good), Fish Family Foundation Of Maine is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fish Family Foundation Of Maine located?
Fish Family Foundation Of Maine is headquartered in Bangor, Maine and files with the IRS under EIN 208132191. It is classified under NTEE code T22.
How many years of IRS 990 filings does Fish Family Foundation Of Maine have?
Fish Family Foundation Of Maine 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 $41K in total revenue.
Is Fish Family Foundation Of Maine a good charity?
Based on the available data, the Fish Family Foundation Of Maine exhibits strong indicators of financial integrity, particularly with 0% officer compensation and minimal liabilities. However, recurring operational deficits suggest a need for consistent fundraising or endowment management to ensure long-term sustainability. Without a detailed breakdown of program spending, a full assessment of its charitable impact is limited, but the lack of executive compensation is a positive sign.
How does the organization manage its recurring operational deficits?
The organization frequently reports expenses exceeding revenue, such as in 202312 ($22,513 revenue vs. $27,300 expenses). This suggests that the foundation likely draws from its existing asset base or prior year surpluses to cover operational costs, as its liabilities remain consistently low ($1).
What is the trend in the organization's assets?
The organization's assets have fluctuated over the years, decreasing from $120,012 in 201112 to $73,170 in 202312. While there's a general downward trend, assets have remained relatively stable in recent years, indicating a consistent, albeit modest, financial base.
Is the Fish Family Foundation Of Maine transparent?
Yes, the consistent filing of IRS Form 990s for over a decade demonstrates a commitment to regulatory transparency. The detailed financial data provided in these filings allows for public scrutiny of its financial activities.
Filing History
IRS 990 filing history for Fish Family Foundation Of Maine showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fish Family Foundation Of Maine's revenue has declined by 2.9%, moving from $23K to $23K. Total assets decreased by 39% over the same period, from $120K to $73K. Total functional expenses rose by 0.6%, from $27K to $27K. In its most recent filing year (2023), Fish Family Foundation Of Maine reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $73K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $73K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $27K | $73K | $1 | — | — |
| 2022 | $21K | $26K | $78K | $1 | — | — |
| 2021 | $40K | $25K | $84K | $1 | — | — |
| 2020 | $18K | $31K | $69K | $1 | — | — |
| 2019 | $94K | $24K | $82K | $1 | — | View 990 |
| 2015 | $17K | $66K | $63K | $1 | — | View 990 |
| 2014 | $18K | $18K | $111K | $1 | — | View 990 |
| 2013 | $20K | $27K | $112K | $1 | — | View 990 |
| 2012 | $21K | $23K | $118K | $1 | — | View 990 |
| 2011 | $23K | $27K | $120K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23K, expenses of $27K, and assets of $73K (revenue +8.6% year-over-year).
- 2022: Revenue of $21K, expenses of $26K, and assets of $78K (revenue -47.8% year-over-year).
- 2021: Revenue of $40K, expenses of $25K, and assets of $84K (revenue +115.4% year-over-year).
- 2020: Revenue of $18K, expenses of $31K, and assets of $69K (revenue -80.3% year-over-year).
- 2019: Revenue of $94K, expenses of $24K, and assets of $82K (revenue +445.0% year-over-year).
- 2015: Revenue of $17K, expenses of $66K, and assets of $63K (revenue -3.3% year-over-year).
- 2014: Revenue of $18K, expenses of $18K, and assets of $111K (revenue -11.5% year-over-year).
- 2013: Revenue of $20K, expenses of $27K, and assets of $112K (revenue -5.8% year-over-year).
- 2012: Revenue of $21K, expenses of $23K, and assets of $118K (revenue -8.2% year-over-year).
- 2011: Revenue of $23K, expenses of $27K, and assets of $120K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fish Family Foundation Of Maine:
Data Sources and Methodology
This transparency report for Fish Family Foundation Of Maine 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.