Friends Of The Ellen M Leachmemorial Home
Friends Of The Ellen M Leachmemorial Home shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 205064742 · Brewer, ME · NTEE: T30 · Updated: 2026-03-28
Is Friends Of The Ellen M Leachmemorial Home Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The Ellen M Leachmemorial Home directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Ellen M Leachmemorial Home
Friends Of The Ellen M Leachmemorial Home (EIN: 205064742) is a nonprofit organization based in Brewer, ME, classified under NTEE code T30. The organization reported total revenue of $823K and total assets of $420K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Ellen M Leachmemorial Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Ellen M Leachmemorial Home is a small nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $437K |
| Total Expenses | $422K |
| Surplus / Deficit | +$15K |
| Total Assets | $358K |
| Total Liabilities | $15K |
| Net Assets | $342K |
| Operating Margin | 3.3% |
| Debt-to-Asset Ratio | 4.3% |
| Months of Reserves | 10.2 months |
Financial Health Grade: A
In 2023, Friends Of The Ellen M Leachmemorial Home reported a surplus of $15K with revenue exceeding expenses, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 4.3% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Friends Of The Ellen M Leachmemorial Home's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +57.3% | +84.3% | +16.4% |
| 2022 | +65.4% | +118.8% | +4.6% |
| 2021 | -14.0% | +9.6% | +50.5% |
| 2020 | +8.7% | +0.6% | +89.8% |
| 2019 | +57.3% | -14.3% | +17.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 The Ellen M Leachmemorial Home with a Mission Score of 85 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 The Ellen M Leachmemorial Home 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 surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or that compensation levels are below IRS reporting thresholds, which is a positive indicator for resource allocation directly to the 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.
Strengths
The following positive indicators were identified for Friends Of The Ellen M Leachmemorial Home:
- Consistent revenue growth, with latest revenue at $822,812 and 2023 period revenue at $436,759.
- Significant asset growth from $23,477 in 2014 to $357,539 in 2023, demonstrating strong financial health.
- Consistent surpluses in recent years (e.g., $436,759 revenue vs. $422,171 expenses in 2023).
- No reported officer compensation across all 11 filings, suggesting efficient use of funds for mission.
- Low and stable liabilities relative to assets, indicating good financial management.
Frequently Asked Questions about Friends Of The Ellen M Leachmemorial Home
Is Friends Of The Ellen M Leachmemorial Home a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Ellen M Leachmemorial Home (EIN: 205064742) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Friends Of The Ellen M Leachmemorial Home spend its money?
Friends Of The Ellen M Leachmemorial Home directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The Ellen M Leachmemorial Home tax-deductible?
Friends Of The Ellen M Leachmemorial Home is registered as a tax-exempt nonprofit (EIN: 205064742). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of The Ellen M Leachmemorial Home a good charity?
Based on the available data, the organization appears to be a financially healthy and well-managed charity. It consistently generates surpluses, grows its assets, and reports no officer compensation, indicating efficient use of funds. However, a full assessment would require reviewing detailed program activities and governance documents from the complete Form 990.
How has the organization's financial health changed over time?
The organization has shown significant financial improvement. Revenue has grown from $375,197 in 2014 to $436,759 in 2023, and assets have increased dramatically from $23,477 in 2014 to $357,539 in 2023, indicating strong financial growth and stability.
What is the trend in the organization's liabilities?
Liabilities have remained relatively low and stable over the years, fluctuating between $4,868 and $84,763, but consistently much lower than assets in recent periods, indicating good financial control and minimal debt burden.
Filing History
IRS 990 filing history for Friends Of The Ellen M Leachmemorial Home showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Friends Of The Ellen M Leachmemorial Home's revenue has grown by 121.6%, moving from $197K to $437K. Total assets increased by 8825.1% over the same period, from $4K to $358K. Total functional expenses rose by 114.6%, from $197K to $422K. In its most recent filing year (2023), Friends Of The Ellen M Leachmemorial Home reported a surplus of $15K, with revenue exceeding expenses. The organization holds $15K in liabilities against $358K in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $342K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $437K | $422K | $358K | $15K | — | View 990 |
| 2022 | $278K | $229K | $307K | $15K | — | View 990 |
| 2021 | $168K | $105K | $294K | $5K | — | View 990 |
| 2020 | $195K | $96K | $195K | $9K | — | View 990 |
| 2019 | $180K | $95K | $103K | $16K | — | View 990 |
| 2018 | $114K | $111K | $87K | $85K | — | View 990 |
| 2017 | $144K | $143K | $56K | $56K | — | View 990 |
| 2016 | $205K | $207K | $55K | $56K | — | View 990 |
| 2015 | $270K | $273K | $54K | $54K | — | View 990 |
| 2014 | $375K | $377K | $23K | $21K | — | View 990 |
| 2013 | $197K | $197K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $437K, expenses of $422K, and assets of $358K (revenue +57.3% year-over-year).
- 2022: Revenue of $278K, expenses of $229K, and assets of $307K (revenue +65.4% year-over-year).
- 2021: Revenue of $168K, expenses of $105K, and assets of $294K (revenue -14.0% year-over-year).
- 2020: Revenue of $195K, expenses of $96K, and assets of $195K (revenue +8.7% year-over-year).
- 2019: Revenue of $180K, expenses of $95K, and assets of $103K (revenue +57.3% year-over-year).
- 2018: Revenue of $114K, expenses of $111K, and assets of $87K (revenue -20.5% year-over-year).
- 2017: Revenue of $144K, expenses of $143K, and assets of $56K (revenue -30.1% year-over-year).
- 2016: Revenue of $205K, expenses of $207K, and assets of $55K (revenue -23.9% year-over-year).
- 2015: Revenue of $270K, expenses of $273K, and assets of $54K (revenue -28.1% year-over-year).
- 2014: Revenue of $375K, expenses of $377K, and assets of $23K (revenue +90.4% year-over-year).
- 2013: Revenue of $197K, expenses of $197K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Ellen M Leachmemorial Home:
Data Sources and Methodology
This transparency report for Friends Of The Ellen M Leachmemorial Home 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.