Friends Of Acadia

Friends Of Acadia maintains robust financial health with growing assets and zero reported officer compensation.

EIN: 10425071 · Bar Harbor, ME · NTEE: C340 · Updated: 2026-03-28

$34.0MRevenue

$97.3MAssets

95/100Mission Score (Excellent)

C340

About Friends Of Acadia

Friends Of Acadia (EIN: 10425071) is a nonprofit organization based in Bar Harbor, ME, classified under NTEE code C340. The organization reported total revenue of $34.0M and total assets of $97.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Acadia's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Friends Of Acadia demonstrates strong financial health and a commendable commitment to its mission. Over the past decade, the organization has consistently maintained a healthy asset base, growing from $27.89 million in 2014 to $93.79 million in 2023. This growth is supported by significant revenue streams, including a notable $23.22 million in 2015 and $15.28 million in 2023. The organization's spending efficiency appears robust, with expenses generally well below revenue, indicating effective resource management and accumulation of assets for long-term sustainability. For instance, in 2023, expenses were $6.89 million against $15.28 million in revenue.

The organization's transparency is high, as evidenced by the consistent filing of IRS Form 990s and the explicit reporting of 0% officer compensation across all available filings. This indicates that no compensation was paid to officers, directors, trustees, or key employees, which is an exceptional level of financial prudence and transparency regarding executive pay. The low liabilities relative to assets further underscore financial stability and responsible fiscal management. For example, in 2023, liabilities were $1.33 million compared to $93.79 million in assets.

Overall, Friends Of Acadia presents as a financially sound and well-managed nonprofit. Its consistent asset growth, significant revenue generation, and extremely low liability profile, coupled with zero reported officer compensation, paint a picture of an organization dedicated to its programmatic goals with a strong emphasis on financial integrity and donor trust. The substantial assets provide a solid foundation for future program delivery and long-term impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friends Of Acadia with a Mission Score of 95 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: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Friends Of Acadia allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Friends Of Acadia consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization with assets nearing $100 million and annual revenues in the millions.

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 Friends Of Acadia's IRS 990 filings:

Unusually high asset accumulation relative to annual expenses, potentially indicating under-spending on current programs or significant endowment building.
Consistent 0% officer compensation, while commendable for transparency, could also suggest that key personnel are compensated through related entities or other non-reportable means, or that the organization relies heavily on unpaid leadership.

Strengths

The following positive indicators were identified for Friends Of Acadia:

Strong program spending efficiency, with expenses consistently well below revenue.
Exceptional financial stability, evidenced by significant asset growth from $27.89 million in 2014 to $93.79 million in 2023.
Remarkable transparency and fiscal prudence with 0% reported officer compensation across all filings.
Low liabilities relative to assets, indicating a very healthy balance sheet (e.g., $1.33 million liabilities vs. $93.79 million assets in 2023).
Consistent revenue generation, demonstrating strong donor support and fundraising capabilities.

Frequently Asked Questions about Friends Of Acadia

Is Friends Of Acadia a good charity?

Based on the provided financial data, Friends Of Acadia appears to be a very good charity. It demonstrates strong financial health with growing assets, consistent revenue, and remarkably reports 0% officer compensation, indicating a high dedication to its mission and efficient use of funds.

How has Friends Of Acadia's financial health changed over the last decade?

Friends Of Acadia's financial health has significantly strengthened over the last decade. Assets grew from $27.89 million in 2014 to $93.79 million in 2023, and the organization consistently generated substantial revenue while keeping expenses well managed.

What is the organization's approach to executive compensation?

The organization's approach to executive compensation is highly conservative, reporting 0% officer compensation in all available IRS 990 filings. This suggests that officers, directors, trustees, and key employees are either unpaid volunteers or compensated through other means not reported as officer compensation on the 990, or that the organization has a unique compensation structure.

Filing History

IRS 990 filing history for Friends Of Acadia showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Friends Of Acadia's revenue has grown by 505.2%, moving from $2.5M to $15.3M. Total assets increased by 376% over the same period, from $19.7M to $93.8M. Total functional expenses rose by 161%, from $2.6M to $6.9M. In its most recent filing year (2023), Friends Of Acadia reported a surplus of $8.4M, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $93.8M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $92.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$15.3M	$6.9M	$93.8M	$1.3M	—	—
2022	$7.6M	$5.3M	$74.7M	$94K	—	View 990
2021	$9.0M	$4.8M	$82.3M	$61K	—	View 990
2020	$4.5M	$4.0M	$70.3M	$61K	—	View 990
2019	$7.4M	$4.4M	$63.9M	$45K	—	View 990
2018	$10.0M	$4.0M	$54.7M	$58K	—	View 990
2017	$7.2M	$3.9M	$58.1M	$75K	—	—
2016	$8.0M	$4.3M	$49.6M	$103K	—	View 990
2015	$23.2M	$4.3M	$44.3M	$111K	—	View 990
2014	$6.2M	$3.2M	$27.9M	$62K	—	View 990
2013	$6.1M	$2.9M	$25.5M	$41K	—	View 990
2012	$3.7M	$2.9M	$20.9M	$201K	—	View 990
2011	$2.5M	$2.6M	$19.7M	$209K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $15.3M, expenses of $6.9M, and assets of $93.8M (revenue +101.2% year-over-year).
2022: Revenue of $7.6M, expenses of $5.3M, and assets of $74.7M (revenue -15.8% year-over-year).
2021: Revenue of $9.0M, expenses of $4.8M, and assets of $82.3M (revenue +98.5% year-over-year).
2020: Revenue of $4.5M, expenses of $4.0M, and assets of $70.3M (revenue -38.5% year-over-year).
2019: Revenue of $7.4M, expenses of $4.4M, and assets of $63.9M (revenue -26.2% year-over-year).
2018: Revenue of $10.0M, expenses of $4.0M, and assets of $54.7M (revenue +38.7% year-over-year).
2017: Revenue of $7.2M, expenses of $3.9M, and assets of $58.1M (revenue -9.5% year-over-year).
2016: Revenue of $8.0M, expenses of $4.3M, and assets of $49.6M (revenue -65.6% year-over-year).
2015: Revenue of $23.2M, expenses of $4.3M, and assets of $44.3M (revenue +276.3% year-over-year).
2014: Revenue of $6.2M, expenses of $3.2M, and assets of $27.9M (revenue +1.8% year-over-year).
2013: Revenue of $6.1M, expenses of $2.9M, and assets of $25.5M (revenue +64.6% year-over-year).
2012: Revenue of $3.7M, expenses of $2.9M, and assets of $20.9M (revenue +45.8% year-over-year).
2011: Revenue of $2.5M, expenses of $2.6M, and assets of $19.7M.

Data Sources and Methodology

This transparency report for Friends Of Acadia 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.