Fort Kent Housing Inc

Fort Kent Housing Inc. experiences consistent operational deficits, leading to a gradual decline in assets over the past decade.

EIN: 10280430 · Fort Kent, ME · Updated: 2026-03-28

$530KRevenue

$3.0MAssets

75/100Mission Score (Good)

Is Fort Kent Housing Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Fort Kent Housing Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Fort Kent Housing Inc

Fort Kent Housing Inc (EIN: 10280430) is a nonprofit organization based in Fort Kent, ME. The organization reported total revenue of $530K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fort Kent Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Fort Kent Housing Inc. appears to be a stable, albeit modestly sized, nonprofit focused on housing. The organization consistently operates with expenses slightly exceeding revenue in most recent years, as seen in 2023 ($601,829 expenses vs. $529,546 revenue) and 2022 ($548,621 expenses vs. $489,486 revenue). This trend has led to a gradual decrease in assets over the past decade, from $3,816,827 in 2014 to $3,156,334 in 2023. However, the organization maintains a healthy asset base relative to its annual revenue, suggesting financial resilience despite the operational deficits. The consistent reporting of 0% officer compensation indicates a commitment to directing funds towards its mission rather than executive salaries, which is a positive sign for spending efficiency and transparency.

The lack of specific program, administrative, or fundraising expense breakdowns in the provided data makes a detailed assessment of spending efficiency challenging. However, the absence of officer compensation suggests that a significant portion of expenses is likely directed towards operational costs related to housing. The organization's consistent filing of IRS 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency, providing a clear financial history for public review. While the declining asset trend warrants monitoring, the overall financial picture suggests a well-managed entity with a clear focus on its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Fort Kent Housing Inc 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Fort Kent Housing Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for a nonprofit of its size with annual revenues around $500,000.

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 Fort Kent Housing Inc's IRS 990 filings:

Consistent operational deficits (expenses exceeding revenue) in most recent years, such as $601,829 expenses vs. $529,546 revenue in 2023.
Gradual decline in total assets over the past decade, from $3,816,827 in 2014 to $3,156,334 in 2023.

Strengths

The following positive indicators were identified for Fort Kent Housing Inc:

Consistent reporting of 0% officer compensation across all available filings, indicating strong financial stewardship.
Maintains a substantial asset base ($3,156,334 in 2023) relative to its annual revenue, providing financial stability.
Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.

Frequently Asked Questions about Fort Kent Housing Inc

Is Fort Kent Housing Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Fort Kent Housing Inc (EIN: 10280430) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

How does Fort Kent Housing Inc spend its money?

Fort Kent Housing Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Fort Kent Housing Inc tax-deductible?

Fort Kent Housing Inc is registered as a tax-exempt nonprofit (EIN: 10280430). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Fort Kent Housing Inc. a good charity?

Based on the available data, Fort Kent Housing Inc. appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission. While it has experienced operational deficits and a decline in assets, it maintains a substantial asset base relative to its revenue, suggesting financial stability. The lack of detailed spending breakdowns makes a full assessment of program efficiency difficult, but the absence of executive salaries is a significant positive.

Why are assets declining?

Assets have been declining primarily because the organization's expenses have consistently exceeded its revenue in most recent years. For example, in 2023, expenses were $601,829 while revenue was $529,546, resulting in a deficit that draws from existing assets. This trend has been observed in multiple periods, leading to a gradual reduction in total assets from $3,816,827 in 2014 to $3,156,334 in 2023.

How does the organization fund its operations given the deficits?

The organization funds its operations despite consistent deficits by drawing upon its existing asset base. While this is sustainable in the short to medium term due to its substantial assets ($3,156,334 in 2023), a long-term strategy to either increase revenue or reduce expenses would be beneficial to reverse the trend of declining assets.

Filing History

IRS 990 filing history for Fort Kent Housing Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Fort Kent Housing Inc's revenue has grown by 590.5%, moving from $77K to $530K. Total assets decreased by 1.9% over the same period, from $3.2M to $3.2M. Total functional expenses rose by 800.2%, from $67K to $602K. In its most recent filing year (2023), Fort Kent Housing Inc reported a deficit of $72K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $3.2M in assets (debt-to-asset ratio: 40.2%), resulting in net assets of $1.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$530K	$602K	$3.2M	$1.3M	—	—
2022	$489K	$549K	$3.3M	$1.3M	—	—
2021	$426K	$534K	$3.3M	$1.3M	—	—
2020	$471K	$487K	$3.5M	$1.4M	—	—
2019	$440K	$491K	$3.5M	$1.4M	—	View 990
2018	$397K	$442K	$3.6M	$1.4M	—	View 990
2017	$420K	$448K	$3.7M	$1.5M	—	View 990
2016	$390K	$378K	$3.8M	$1.5M	—	View 990
2015	$388K	$394K	$3.8M	$1.5M	—	View 990
2014	$392K	$406K	$3.8M	$1.5M	—	View 990
2013	$400K	$378K	$3.8M	$1.6M	—	View 990
2012	$111K	$111K	$3.8M	$1.6M	—	View 990
2011	$77K	$67K	$3.2M	$965K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $530K, expenses of $602K, and assets of $3.2M (revenue +8.2% year-over-year).
2022: Revenue of $489K, expenses of $549K, and assets of $3.3M (revenue +15.0% year-over-year).
2021: Revenue of $426K, expenses of $534K, and assets of $3.3M (revenue -9.7% year-over-year).
2020: Revenue of $471K, expenses of $487K, and assets of $3.5M (revenue +7.0% year-over-year).
2019: Revenue of $440K, expenses of $491K, and assets of $3.5M (revenue +10.8% year-over-year).
2018: Revenue of $397K, expenses of $442K, and assets of $3.6M (revenue -5.4% year-over-year).
2017: Revenue of $420K, expenses of $448K, and assets of $3.7M (revenue +7.7% year-over-year).
2016: Revenue of $390K, expenses of $378K, and assets of $3.8M (revenue +0.5% year-over-year).
2015: Revenue of $388K, expenses of $394K, and assets of $3.8M (revenue -0.9% year-over-year).
2014: Revenue of $392K, expenses of $406K, and assets of $3.8M (revenue -2.1% year-over-year).
2013: Revenue of $400K, expenses of $378K, and assets of $3.8M (revenue +261.6% year-over-year).
2012: Revenue of $111K, expenses of $111K, and assets of $3.8M (revenue +44.3% year-over-year).
2011: Revenue of $77K, expenses of $67K, and assets of $3.2M.

Data Sources and Methodology

This transparency report for Fort Kent Housing Inc 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.