Friends Of Fort Knox

Friends Of Fort Knox shows consistent asset growth and zero reported officer compensation over a decade.

EIN: 10478281 · Prospect, ME · NTEE: R99I · Updated: 2026-03-28

$968KRevenue

$911KAssets

90/100Mission Score (Excellent)

R99I

About Friends Of Fort Knox

Friends Of Fort Knox (EIN: 10478281) is a nonprofit organization based in Prospect, ME, classified under NTEE code R99I. The organization reported total revenue of $968K and total assets of $911K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Fort Knox's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Friends Of Fort Knox demonstrates consistent financial health, with a positive net income in most recent years, such as 2023 where revenue of $712,846 exceeded expenses of $620,234. The organization's assets have shown significant growth, increasing from $202,298 in 2014 to $812,131 in 2023, indicating strong financial management and accumulation of resources. Liabilities have consistently been very low or zero, suggesting a healthy balance sheet and minimal debt burden.

Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, potentially reducing administrative overhead. The organization's program focus is implied by its mission and the lack of high administrative or fundraising costs, though specific program spending percentages would provide a clearer picture. The consistent filing of IRS Form 990s over 12 periods demonstrates a commitment to regulatory compliance and financial transparency.

Overall, Friends Of Fort Knox appears to be a well-managed and financially stable organization. Its consistent growth in assets, minimal liabilities, and apparent dedication to keeping executive compensation at zero contribute to a positive assessment of its financial health and operational efficiency. The regular public filings further enhance its transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friends Of Fort Knox with a Mission Score of 90 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 Fort Knox 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all 12 available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer categories, which is highly efficient for an organization with nearly $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.

Strengths

The following positive indicators were identified for Friends Of Fort Knox:

Consistent asset growth, increasing from $202,298 in 2014 to $812,131 in 2023.
Zero reported officer compensation across all 12 available filings, indicating high efficiency.
Extremely low liabilities, often $0, demonstrating strong financial management.
Positive net income in most recent years, such as $92,612 in 2023 ($712,846 revenue vs. $620,234 expenses).
Consistent IRS 990 filing history over 12 periods, indicating transparency and compliance.

Frequently Asked Questions about Friends Of Fort Knox

Is Friends Of Fort Knox a good charity?

Based on the financial data, Friends Of Fort Knox appears to be a very good charity. It demonstrates strong financial health with growing assets (from $202,298 in 2014 to $812,131 in 2023), minimal liabilities, and a remarkable commitment to efficiency by reporting 0% officer compensation for over a decade.

How has the organization's financial health changed over time?

Friends Of Fort Knox has shown significant financial improvement and growth. Assets have quadrupled from $202,298 in 2014 to $812,131 in 2023. While revenue and expenses fluctuate year-to-year, the overall trend indicates a healthy accumulation of resources and positive net income in most recent periods, such as 2023 with a $92,612 surplus.

What is the organization's approach to executive compensation?

The organization's approach to executive compensation is highly conservative, consistently reporting 0% officer compensation across all 12 available IRS 990 filings. This suggests a volunteer-driven leadership model or compensation structured in a way that avoids traditional officer compensation reporting, contributing to low administrative overhead.

Are there any concerns about the organization's liabilities?

No, there are no significant concerns about the organization's liabilities. Liabilities have consistently been very low, often reported as $0, and never exceeding $4,638 in any of the available filings, indicating excellent financial management and minimal debt.

Filing History

IRS 990 filing history for Friends Of Fort Knox showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2023), Friends Of Fort Knox's revenue has grown by 59.6%, moving from $447K to $713K. Total assets increased by 268.7% over the same period, from $220K to $812K. Total functional expenses rose by 35.8%, from $457K to $620K. In its most recent filing year (2023), Friends Of Fort Knox reported a surplus of $93K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$713K	$620K	$812K	$0	—	—
2021	$832K	$513K	$620K	$4K	—	View 990
2020	$406K	$475K	$353K	$5K	—	—
2019	$632K	$622K	$420K	$997	—	View 990
2018	$686K	$570K	$411K	$1K	—	View 990
2017	$609K	$568K	$293K	$0	—	View 990
2016	$509K	$513K	$244K	$0	—	View 990
2015	$536K	$490K	$249K	$0	—	View 990
2014	$487K	$506K	$202K	$0	—	View 990
2013	$520K	$538K	$223K	$2K	—	View 990
2012	$491K	$472K	$241K	$2K	—	View 990
2011	$447K	$457K	$220K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $713K, expenses of $620K, and assets of $812K (revenue -14.4% year-over-year).
2021: Revenue of $832K, expenses of $513K, and assets of $620K (revenue +104.9% year-over-year).
2020: Revenue of $406K, expenses of $475K, and assets of $353K (revenue -35.7% year-over-year).
2019: Revenue of $632K, expenses of $622K, and assets of $420K (revenue -8.0% year-over-year).
2018: Revenue of $686K, expenses of $570K, and assets of $411K (revenue +12.8% year-over-year).
2017: Revenue of $609K, expenses of $568K, and assets of $293K (revenue +19.7% year-over-year).
2016: Revenue of $509K, expenses of $513K, and assets of $244K (revenue -5.1% year-over-year).
2015: Revenue of $536K, expenses of $490K, and assets of $249K (revenue +10.0% year-over-year).
2014: Revenue of $487K, expenses of $506K, and assets of $202K (revenue -6.4% year-over-year).
2013: Revenue of $520K, expenses of $538K, and assets of $223K (revenue +6.0% year-over-year).
2012: Revenue of $491K, expenses of $472K, and assets of $241K (revenue +9.8% year-over-year).
2011: Revenue of $447K, expenses of $457K, and assets of $220K.

Data Sources and Methodology

This transparency report for Friends Of Fort Knox 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.