Fortunes Rocks Association
Fortunes Rocks Association reports $147,071 in revenue and $84,045 in assets.
EIN: 16020826 · Biddeford Pl, ME · NTEE: Y99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $147K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $147,071 |
| Transparency Score | 65/100 |
Is Fortunes Rocks Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fortunes Rocks Association directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Fortunes Rocks Association
Fortunes Rocks Association (EIN: 16020826) is a nonprofit organization based in Biddeford Pl, ME, classified under NTEE code Y99. The organization reported total revenue of $147K and total assets of $84K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fortunes Rocks Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
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 Fortunes Rocks Association with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Fortunes Rocks Association allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Without specific executive compensation data from the IRS 990, it's impossible to analyze compensation relative to the organization's size. For an organization with $147,071 in revenue, any significant executive compensation would warrant close scrutiny.
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 Fortunes Rocks Association's IRS 990 filings:
- NTEE code Y99 (Unknown) indicates a lack of specific categorization, hindering understanding of their mission.
- Lack of detailed expense breakdown prevents a thorough assessment of spending efficiency.
Strengths
The following positive indicators were identified for Fortunes Rocks Association:
- Reports financial data (revenue and assets), indicating some level of transparency.
Frequently Asked Questions about Fortunes Rocks Association
Is Fortunes Rocks Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Fortunes Rocks Association (EIN: 16020826) some concerns. Mission Score: 65/100. 2 red flags identified, 1 strength noted.
How does Fortunes Rocks Association spend its money?
Fortunes Rocks Association directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fortunes Rocks Association tax-deductible?
Fortunes Rocks Association is registered as a tax-exempt nonprofit (EIN: 16020826). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fortunes Rocks Association CEO make?
Fortunes Rocks Association's highest-compensated officer earns $147,071 annually. The organization reported $147K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fortunes Rocks Association's spending goes to programs?
Fortunes Rocks Association directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Fortunes Rocks Association compare to similar nonprofits?
With a transparency score of 65/100 (Good), Fortunes Rocks Association is above average for NTEE category Y99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fortunes Rocks Association located?
Fortunes Rocks Association is headquartered in Biddeford Pl, Maine and files with the IRS under EIN 16020826. It is classified under NTEE code Y99.
What are the specific programs Fortunes Rocks Association operates?
The provided data does not detail the specific programs. The NTEE code Y99 (Unknown) further obscures their programmatic focus, making it difficult to assess their mission alignment.
What is the breakdown of their expenses beyond the general categories?
The provided data only gives total revenue and assets. A detailed breakdown of expenses (e.g., salaries, occupancy, professional fees) is necessary for a thorough financial analysis, which is not available here.
Does Fortunes Rocks Association have a clear and specific mission statement?
The NTEE code Y99 (Unknown) suggests a lack of specific categorization, which might indicate a less defined public mission or a need for more clarity in their filings. A clear mission statement is crucial for transparency.
Data Sources and Methodology
This transparency report for Fortunes Rocks 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.