Friends Of Casco Bay
Friends Of Casco Bay maintains strong assets and program focus despite recent operating deficit.
EIN: 10452620 · Portland, ME · NTEE: C320 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $2.7M |
| Transparency Score | 92/100 |
Is Friends Of Casco Bay Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Casco Bay directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Casco Bay
Friends Of Casco Bay (EIN: 10452620) is a nonprofit organization based in Portland, ME, classified under NTEE code C320. The organization reported total revenue of $1.3M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Casco Bay's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Casco Bay is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-204,564 |
| Total Assets | $2.9M |
| Total Liabilities | $201K |
| Net Assets | $2.7M |
| Operating Margin | -19.0% |
| Debt-to-Asset Ratio | 6.9% |
| Months of Reserves | 27.0 months |
Financial Health Grade: B
In 2024, Friends Of Casco Bay reported a deficit of $205K with expenses exceeding revenue, holds 27.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.9% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Friends Of Casco Bay's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -7.7% | +3.8% | +2.7% |
| 2023 | -13.0% | +12.7% | -3.8% |
| 2022 | +24.1% | +19.4% | +1.0% |
| 2021 | -32.1% | -9.6% | +29.1% |
| 2020 | +35.7% | +23.8% | +30.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1991 |
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 Friends Of Casco Bay with a Mission Score of 92 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, Friends Of Casco Bay 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $205K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.9%.
Executive Compensation Analysis
No officer compensation has been reported across all available IRS 990 filings, suggesting either a volunteer-led executive team or compensation levels below reporting thresholds, which is highly efficient for an organization with over $1 million in annual revenue.
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 Casco Bay's IRS 990 filings:
- Operating deficit in the most recent filing period (202403) where expenses exceeded revenue by over $200,000.
Strengths
The following positive indicators were identified for Friends Of Casco Bay:
- Consistent growth in assets, nearly doubling from 2015 to 2024.
- No reported officer compensation across all filings, indicating high efficiency.
- Strong program spending focus, with a high percentage of expenses directed to mission.
- Healthy balance sheet with relatively low liabilities compared to assets.
- Consistent filing of IRS 990s, demonstrating good transparency.
Frequently Asked Questions about Friends Of Casco Bay
Is Friends Of Casco Bay a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Casco Bay (EIN: 10452620) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Friends Of Casco Bay spend its money?
Friends Of Casco Bay directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Casco Bay tax-deductible?
Friends Of Casco Bay is registered as a tax-exempt nonprofit (EIN: 10452620). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of Casco Bay CEO make?
Friends Of Casco Bay's highest-compensated officer earns $1 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of Casco Bay's spending goes to programs?
Friends Of Casco Bay directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Casco Bay compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Friends Of Casco Bay is above average for NTEE category C320 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Casco Bay located?
Friends Of Casco Bay is headquartered in Portland, Maine and files with the IRS under EIN 10452620. It is classified under NTEE code C320.
How many years of IRS 990 filings does Friends Of Casco Bay have?
Friends Of Casco Bay has 13 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 $1.3M in total revenue.
Is Friends Of Casco Bay a good charity?
Yes, Friends Of Casco Bay appears to be a good charity. They consistently direct a high percentage of their spending towards program services, maintain a healthy asset base, and report no officer compensation, indicating efficient use of funds.
What caused the deficit in the 202403 period?
In the 202403 period, Friends Of Casco Bay reported revenues of $1,078,998 against expenses of $1,283,562, resulting in a deficit of over $200,000. The specific causes are not detailed in the provided summary, but it's important to monitor if this becomes a recurring trend.
How has the organization's asset base changed over time?
Friends Of Casco Bay's assets have shown consistent growth, increasing from $1,599,402 in 201503 to $2,890,467 in 202403, demonstrating strong financial stewardship and accumulation of resources.
Filing History
IRS 990 filing history for Friends Of Casco Bay showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Friends Of Casco Bay's revenue has grown by 20.2%, moving from $898K to $1.1M. Total assets increased by 80.6% over the same period, from $1.6M to $2.9M. Total functional expenses rose by 78.7%, from $718K to $1.3M. In its most recent filing year (2024), Friends Of Casco Bay reported a deficit of $205K, with expenses exceeding revenue. The organization holds $201K in liabilities against $2.9M in assets (debt-to-asset ratio: 6.9%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $1.3M | $2.9M | $201K | — | View 990 |
| 2023 | $1.2M | $1.2M | $2.8M | $64K | — | View 990 |
| 2022 | $1.3M | $1.1M | $2.9M | $47K | — | View 990 |
| 2021 | $1.1M | $919K | $2.9M | $309K | — | View 990 |
| 2020 | $1.6M | $1.0M | $2.2M | $38K | — | View 990 |
| 2019 | $1.2M | $822K | $1.7M | $44K | — | View 990 |
| 2018 | $760K | $874K | $1.3M | $45K | — | — |
| 2017 | $762K | $919K | $1.4M | $73K | — | View 990 |
| 2016 | $782K | $827K | $1.5M | $122K | — | View 990 |
| 2015 | $770K | $994K | $1.6M | $147K | — | View 990 |
| 2014 | $709K | $781K | $1.7M | $38K | — | View 990 |
| 2013 | $740K | $763K | $1.6M | $33K | — | View 990 |
| 2012 | $898K | $718K | $1.6M | $50K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.1M, expenses of $1.3M, and assets of $2.9M (revenue -7.7% year-over-year).
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $2.8M (revenue -13.0% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.1M, and assets of $2.9M (revenue +24.1% year-over-year).
- 2021: Revenue of $1.1M, expenses of $919K, and assets of $2.9M (revenue -32.1% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.0M, and assets of $2.2M (revenue +35.7% year-over-year).
- 2019: Revenue of $1.2M, expenses of $822K, and assets of $1.7M (revenue +54.7% year-over-year).
- 2018: Revenue of $760K, expenses of $874K, and assets of $1.3M (revenue -0.4% year-over-year).
- 2017: Revenue of $762K, expenses of $919K, and assets of $1.4M (revenue -2.5% year-over-year).
- 2016: Revenue of $782K, expenses of $827K, and assets of $1.5M (revenue +1.5% year-over-year).
- 2015: Revenue of $770K, expenses of $994K, and assets of $1.6M (revenue +8.5% year-over-year).
- 2014: Revenue of $709K, expenses of $781K, and assets of $1.7M (revenue -4.2% year-over-year).
- 2013: Revenue of $740K, expenses of $763K, and assets of $1.6M (revenue -17.6% year-over-year).
- 2012: Revenue of $898K, expenses of $718K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Casco Bay:
Data Sources and Methodology
This transparency report for Friends Of Casco Bay 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.