Fred W Forsyth Fbo Elm St Congregational Church Of Busksport
Fred W Forsyth Fbo Elm St Congregational Church Of Busksport faces consistent deficit spending in recent years.
EIN: 16009119 · Bangor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26K |
| Total Expenses | $23K |
| Program Spending | 80% |
| Net Assets | $258K |
| Transparency Score | 65/100 |
Is Fred W Forsyth Fbo Elm St Congregational Church Of Busksport Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fred W Forsyth Fbo Elm St Congregational Church Of Busksport directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fred W Forsyth Fbo Elm St Congregational Church Of Busksport
Fred W Forsyth Fbo Elm St Congregational Church Of Busksport (EIN: 16009119) is a nonprofit organization based in Bangor, ME. The organization reported total revenue of $26K and total assets of $242K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fred W Forsyth Fbo Elm St Congregational Church Of Busksport's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fred W Forsyth Fbo Elm St Congregational Church Of Busksport is a micro nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $23K |
| Surplus / Deficit | $-18,671 |
| Total Assets | $258K |
| Total Liabilities | $1 |
| Net Assets | $258K |
| Operating Margin | -438.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 135.2 months |
Financial Health Grade: B
In 2023, Fred W Forsyth Fbo Elm St Congregational Church Of Busksport reported a deficit of $19K with expenses exceeding revenue, holds 135.2 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), Fred W Forsyth Fbo Elm St Congregational Church Of Busksport's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.8% | -19.5% | -6.7% |
| 2022 | -71.2% | +9.3% | -7.0% |
| 2021 | +93.6% | -1.6% | +0.1% |
| 2020 | +87.4% | +33.9% | -4.1% |
| 2019 | -75.7% | -11.2% | +7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Fred W Forsyth Fbo Elm St Congregational Church Of Busksport 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: 80%
- fundraising: 0%
According to IRS 990 filings, Fred W Forsyth Fbo Elm St Congregational Church Of Busksport allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% 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 $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization or one with no paid officers, which is highly efficient for an 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.
Red Flags
The following concerns were identified during AI analysis of Fred W Forsyth Fbo Elm St Congregational Church Of Busksport's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 202312: Revenue $4,254, Expenses $22,925)
- Declining asset base over the last few years (from $310,416 in 201912 to $258,238 in 202312)
- Highly volatile revenue streams across different filing periods
Strengths
The following positive indicators were identified for Fred W Forsyth Fbo Elm St Congregational Church Of Busksport:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership
- Consistent filing of IRS 990 forms, demonstrating transparency
- Low liabilities reported ($0 or $1 across all filings)
Frequently Asked Questions about Fred W Forsyth Fbo Elm St Congregational Church Of Busksport
Is Fred W Forsyth Fbo Elm St Congregational Church Of Busksport a legitimate charity?
Fred W Forsyth Fbo Elm St Congregational Church Of Busksport (EIN: 16009119) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $26K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Fred W Forsyth Fbo Elm St Congregational Church Of Busksport spend its money?
Fred W Forsyth Fbo Elm St Congregational Church Of Busksport directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Fred W Forsyth Fbo Elm St Congregational Church Of Busksport tax-deductible?
Fred W Forsyth Fbo Elm St Congregational Church Of Busksport is registered as a tax-exempt nonprofit (EIN: 16009119). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fred W Forsyth Fbo Elm St Congregational Church Of Busksport located?
Fred W Forsyth Fbo Elm St Congregational Church Of Busksport is headquartered in Bangor, Maine and files with the IRS under EIN 16009119.
How many years of IRS 990 filings does Fred W Forsyth Fbo Elm St Congregational Church Of Busksport have?
Fred W Forsyth Fbo Elm St Congregational Church Of Busksport 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 $26K in total revenue.
What is the primary source of funding for the organization, given the fluctuating revenue and consistent deficit spending?
The provided data shows highly variable revenue, from $2,788 in 201112 to $86,582 in 201312. In recent years (202212 and 202312), revenue has been significantly lower than expenses, suggesting reliance on prior reserves or other non-operating income not detailed in the summary.
How does the organization cover its expenses when revenue is consistently lower, as seen in 202212 and 202312?
The organization appears to be drawing down its assets to cover expenses. Assets decreased from $276,896 in 202212 to $258,238 in 202312, while expenses exceeded revenue by a significant margin in both periods.
What are the specific program activities and how much is allocated to them?
The provided data does not offer a detailed breakdown of expenses into program, administrative, or fundraising categories, making it impossible to determine specific program allocations. However, the absence of officer compensation suggests a high proportion of funds likely go towards direct activities or general overhead.
Filing History
IRS 990 filing history for Fred W Forsyth Fbo Elm St Congregational Church Of Busksport showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fred W Forsyth Fbo Elm St Congregational Church Of Busksport's revenue has grown by 52.6%, moving from $3K to $4K. Total assets increased by 30% over the same period, from $199K to $258K. Total functional expenses rose by 47.7%, from $16K to $23K. In its most recent filing year (2023), Fred W Forsyth Fbo Elm St Congregational Church Of Busksport reported a deficit of $19K, with expenses exceeding revenue. The organization holds $1 in liabilities against $258K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $258K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $23K | $258K | $1 | — | — |
| 2022 | $8K | $28K | $277K | $1 | — | View 990 |
| 2021 | $26K | $26K | $298K | $1 | — | — |
| 2020 | $14K | $26K | $298K | $1 | — | — |
| 2019 | $7K | $20K | $310K | $0 | — | View 990 |
| 2015 | $30K | $22K | $288K | $0 | — | View 990 |
| 2014 | $21K | $22K | $280K | $0 | — | View 990 |
| 2013 | $87K | $16K | $282K | $0 | — | View 990 |
| 2012 | $27K | $14K | $212K | $0 | — | View 990 |
| 2011 | $3K | $16K | $199K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $23K, and assets of $258K (revenue -43.8% year-over-year).
- 2022: Revenue of $8K, expenses of $28K, and assets of $277K (revenue -71.2% year-over-year).
- 2021: Revenue of $26K, expenses of $26K, and assets of $298K (revenue +93.6% year-over-year).
- 2020: Revenue of $14K, expenses of $26K, and assets of $298K (revenue +87.4% year-over-year).
- 2019: Revenue of $7K, expenses of $20K, and assets of $310K (revenue -75.7% year-over-year).
- 2015: Revenue of $30K, expenses of $22K, and assets of $288K (revenue +42.8% year-over-year).
- 2014: Revenue of $21K, expenses of $22K, and assets of $280K (revenue -75.9% year-over-year).
- 2013: Revenue of $87K, expenses of $16K, and assets of $282K (revenue +220.2% year-over-year).
- 2012: Revenue of $27K, expenses of $14K, and assets of $212K (revenue +869.8% year-over-year).
- 2011: Revenue of $3K, expenses of $16K, and assets of $199K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fred W Forsyth Fbo Elm St Congregational Church Of Busksport:
Data Sources and Methodology
This transparency report for Fred W Forsyth Fbo Elm St Congregational Church Of Busksport 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.