Friends Of Fort Gorges
Friends Of Fort Gorges experienced a significant revenue decline and operated at a deficit in 2023.
EIN: 10534328 · Portland, ME · NTEE: A50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $47K |
| Program Spending | 85% |
| Net Assets | $76K |
| Transparency Score | 75/100 |
Is Friends Of Fort Gorges Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Fort Gorges directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Fort Gorges
Friends Of Fort Gorges (EIN: 10534328) is a nonprofit organization based in Portland, ME, classified under NTEE code A50. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Fort Gorges's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Fort Gorges is a micro nonprofit that has been operating for 11 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -37.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $47K |
| Surplus / Deficit | $-29,079 |
| Total Assets | $76K |
| Net Assets | $76K |
| Operating Margin | -163.0% |
| Months of Reserves | 19.5 months |
Financial Health Grade: B
In 2023, Friends Of Fort Gorges reported a deficit of $29K with expenses exceeding revenue, holds 19.5 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Friends Of Fort Gorges's revenue has declined at a compound annual growth rate (CAGR) of -37.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -82.5% | -43.9% | -27.6% |
| 2022 | +129.9% | +58.4% | +17.3% |
| 2021 | -39.8% | +30.5% | -22.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 Fort Gorges 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Fort Gorges 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, indicating that its leadership is unpaid, which is excellent for minimizing administrative overhead and maximizing funds for its mission.
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 Fort Gorges's IRS 990 filings:
- Significant revenue decline from $101,670 in 2022 to $17,840 in 2023
- Operating at a deficit in 2023 ($17,840 revenue vs. $46,919 expenses)
- Declining asset base from $115,972 in 2020 to $76,374 in 2023
Strengths
The following positive indicators were identified for Friends Of Fort Gorges:
- 0% officer compensation across all reported periods, indicating volunteer leadership
- No reported liabilities in the latest filing (202312)
- Historically maintained a positive asset base
Frequently Asked Questions about Friends Of Fort Gorges
Is Friends Of Fort Gorges a legitimate charity?
Friends Of Fort Gorges (EIN: 10534328) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 4 years of IRS 990 filings on record. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Friends Of Fort Gorges spend its money?
Friends Of Fort Gorges directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of Fort Gorges tax-deductible?
Friends Of Fort Gorges is registered as a tax-exempt nonprofit (EIN: 10534328). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Fort Gorges's spending goes to programs?
Friends Of Fort Gorges directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Fort Gorges compare to similar nonprofits?
With a transparency score of 75/100 (Good), Friends Of Fort Gorges is above average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Fort Gorges located?
Friends Of Fort Gorges is headquartered in Portland, Maine and files with the IRS under EIN 10534328. It is classified under NTEE code A50.
How many years of IRS 990 filings does Friends Of Fort Gorges have?
Friends Of Fort Gorges has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Friends Of Fort Gorges a good charity?
Friends Of Fort Gorges demonstrates strong commitment to its mission by having 0% officer compensation and no reported liabilities in its latest filing. However, the significant drop in revenue and operating deficit in 2023 raises questions about its financial sustainability and ability to consistently fund its programs.
What caused the large drop in revenue from 2022 to 2023?
The IRS 990 data alone does not specify the exact cause. It could be due to a one-time large donation in 2022 not repeated, a decrease in grants, or reduced public contributions.
How does the organization cover its expenses when revenue is lower?
In 2023, with expenses of $46,919 exceeding revenue of $17,840, the organization likely drew from its accumulated assets, which decreased from $105,453 in 2022 to $76,374 in 2023.
Filing History
IRS 990 filing history for Friends Of Fort Gorges showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Friends Of Fort Gorges's revenue has declined by 75.7%, moving from $74K to $18K. Total assets decreased by 34.1% over the same period, from $116K to $76K. Total functional expenses rose by 16%, from $40K to $47K. In its most recent filing year (2023), Friends Of Fort Gorges reported a deficit of $29K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18K | $47K | $76K | $0 | — | View 990 |
| 2022 | $102K | $84K | $105K | $0 | — | View 990 |
| 2021 | $44K | $53K | $90K | $3K | — | View 990 |
| 2020 | $74K | $40K | $116K | $20K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $18K, expenses of $47K, and assets of $76K (revenue -82.5% year-over-year).
- 2022: Revenue of $102K, expenses of $84K, and assets of $105K (revenue +129.9% year-over-year).
- 2021: Revenue of $44K, expenses of $53K, and assets of $90K (revenue -39.8% year-over-year).
- 2020: Revenue of $74K, expenses of $40K, and assets of $116K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Fort Gorges:
Data Sources and Methodology
This transparency report for Friends Of Fort Gorges 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.