Flagstaff Area Business Association
Flagstaff Area Business Association consistently maintains positive net income and growing assets with no liabilities.
EIN: 10509959 · Carabaset Vly, ME · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $74K |
| Total Expenses | $66K |
| Program Spending | 85% |
| Net Assets | $27K |
| Transparency Score | 85/100 |
Is Flagstaff Area Business Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Flagstaff Area Business Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Flagstaff Area Business Association
Flagstaff Area Business Association (EIN: 10509959) is a nonprofit organization based in Carabaset Vly, ME, classified under NTEE code S30. The organization reported total revenue of $74K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flagstaff Area Business Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Flagstaff Area Business Association is a micro nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $66K |
| Surplus / Deficit | +$4K |
| Total Assets | $27K |
| Net Assets | $27K |
| Operating Margin | 5.3% |
| Months of Reserves | 4.9 months |
Financial Health Grade: A
In 2023, Flagstaff Area Business Association reported a surplus of $4K with revenue exceeding expenses, holds 4.9 months of operating reserves (adequate).
Financial Trends
Over 6 years of filings (2018–2023), Flagstaff Area Business Association's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.9% | +17.7% | +11.3% |
| 2022 | +64.2% | -7.3% | +790.2% |
| 2021 | -26.8% | +11.4% | -83.1% |
| 2020 | -22.8% | -33.8% | +173.1% |
| 2019 | +43.4% | -3.6% | +32.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2019 |
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 Flagstaff Area Business Association with a Mission Score of 85 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, Flagstaff Area Business Association 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 $4K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that no officers or key employees received compensation, which is highly favorable for a small organization of this 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 Flagstaff Area Business Association:
- Consistent positive net income in recent years (e.g., $3,689 surplus in 2023, $21,289 surplus in 2022).
- Steady growth in assets from $4,388 in 2018 to $26,687 in 2023.
- Zero liabilities reported across all filing periods, indicating a debt-free operation.
- 0% officer compensation reported, demonstrating efficient use of funds and volunteer leadership.
- Effective expense management relative to revenue, leading to financial stability.
Frequently Asked Questions about Flagstaff Area Business Association
Is Flagstaff Area Business Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Flagstaff Area Business Association (EIN: 10509959) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Flagstaff Area Business Association spend its money?
Flagstaff Area Business Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Flagstaff Area Business Association tax-deductible?
Flagstaff Area Business Association is registered as a tax-exempt nonprofit (EIN: 10509959). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Flagstaff Area Business Association's spending goes to programs?
Flagstaff Area Business Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Flagstaff Area Business Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Flagstaff Area Business Association is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Flagstaff Area Business Association located?
Flagstaff Area Business Association is headquartered in Carabaset Vly, Maine and files with the IRS under EIN 10509959. It is classified under NTEE code S30.
How many years of IRS 990 filings does Flagstaff Area Business Association have?
Flagstaff Area Business Association has 6 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 $74K in total revenue.
Is Flagstaff Area Business Association a good charity?
Based on its financial health, consistent positive net income, growing assets, and zero liabilities, the Flagstaff Area Business Association appears to be a well-managed and financially sound organization. The 0% officer compensation is also a strong positive indicator.
How has the organization's financial position changed over the last few years?
The organization's financial position has significantly improved. Assets have grown from $4,388 in 2018 to $26,687 in 2023. Revenue has fluctuated but generally remained strong, and expenses have been managed effectively to produce surpluses in most recent years, particularly in 2022 and 2023.
Does the organization have any debt?
No, the organization has consistently reported $0 in liabilities across all available IRS 990 filings from 2018 to 2023, indicating it operates debt-free.
Filing History
IRS 990 filing history for Flagstaff Area Business Association showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Flagstaff Area Business Association's revenue has grown by 19.9%, moving from $58K to $70K. Total assets increased by 508.2% over the same period, from $4K to $27K. Total functional expenses fell by 22.3%, from $85K to $66K. In its most recent filing year (2023), Flagstaff Area Business Association reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $70K | $66K | $27K | $0 | — | View 990 |
| 2022 | $77K | $56K | $24K | $0 | — | View 990 |
| 2021 | $47K | $60K | $3K | $0 | — | View 990 |
| 2020 | $64K | $54K | $16K | $0 | — | View 990 |
| 2019 | $83K | $82K | $6K | $0 | — | View 990 |
| 2018 | $58K | $85K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $70K, expenses of $66K, and assets of $27K (revenue -9.9% year-over-year).
- 2022: Revenue of $77K, expenses of $56K, and assets of $24K (revenue +64.2% year-over-year).
- 2021: Revenue of $47K, expenses of $60K, and assets of $3K (revenue -26.8% year-over-year).
- 2020: Revenue of $64K, expenses of $54K, and assets of $16K (revenue -22.8% year-over-year).
- 2019: Revenue of $83K, expenses of $82K, and assets of $6K (revenue +43.4% year-over-year).
- 2018: Revenue of $58K, expenses of $85K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Flagstaff Area Business Association:
Data Sources and Methodology
This transparency report for Flagstaff Area Business Association 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.