Friends Of The Maine Youth Center Inc
Friends Of The Maine Youth Center Inc experiences volatile revenue and expenses, with a significant deficit in its latest filing.
EIN: 10494044 · S Portland, ME · NTEE: I21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $55K |
| Total Expenses | $87K |
| Program Spending | 90% |
| Net Assets | $118K |
| Transparency Score | 75/100 |
Is Friends Of The Maine Youth Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The Maine Youth Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Maine Youth Center Inc
Friends Of The Maine Youth Center Inc (EIN: 10494044) is a nonprofit organization based in S Portland, ME, classified under NTEE code I21. The organization reported total revenue of $55K and total assets of $119K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Maine Youth Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Maine Youth Center Inc is a micro nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $87K |
| Surplus / Deficit | $-49,145 |
| Total Assets | $118K |
| Total Liabilities | $195 |
| Net Assets | $118K |
| Operating Margin | -129.8% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 16.3 months |
Financial Health Grade: B
In 2024, Friends Of The Maine Youth Center Inc reported a deficit of $49K with expenses exceeding revenue, holds 16.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Friends Of The Maine Youth Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -64.3% | +161.3% | -29.4% |
| 2023 | +953.3% | +52.1% | +76.9% |
| 2022 | -80.0% | -13.4% | -10.9% |
| 2021 | -3.5% | -20.4% | +30.9% |
| 2020 | -0.5% | -23.8% | +29.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Maine Youth Center Inc 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: 90%
- fundraising: 0%
According to IRS 990 filings, Friends Of The Maine Youth Center Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $49K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that executive leadership is likely volunteer-based, which is highly efficient for a nonprofit of this size.
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 The Maine Youth Center Inc's IRS 990 filings:
- Significant revenue volatility year-over-year (e.g., $106,195 in 202306 vs. $37,869 in 202406).
- Latest filing (202406) shows expenses ($87,014) more than double revenue ($37,869), indicating a substantial operating deficit.
Strengths
The following positive indicators were identified for Friends Of The Maine Youth Center Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Maintains a positive asset balance relative to liabilities, suggesting some financial resilience despite revenue fluctuations.
- Consistent filing of IRS Form 990s, demonstrating good transparency.
Frequently Asked Questions about Friends Of The Maine Youth Center Inc
Is Friends Of The Maine Youth Center Inc a legitimate charity?
Friends Of The Maine Youth Center Inc (EIN: 10494044) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $55K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Friends Of The Maine Youth Center Inc spend its money?
Friends Of The Maine Youth Center Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Friends Of The Maine Youth Center Inc tax-deductible?
Friends Of The Maine Youth Center Inc is registered as a tax-exempt nonprofit (EIN: 10494044). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Friends Of The Maine Youth Center Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Friends Of The Maine Youth Center Inc is above average for NTEE category I21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of The Maine Youth Center Inc located?
Friends Of The Maine Youth Center Inc is headquartered in S Portland, Maine and files with the IRS under EIN 10494044. It is classified under NTEE code I21.
How many years of IRS 990 filings does Friends Of The Maine Youth Center Inc have?
Friends Of The Maine Youth Center Inc has 10 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 $55K in total revenue.
Is Friends Of The Maine Youth Center Inc financially stable?
The organization's financial stability is inconsistent. While it has maintained a positive asset balance, the significant deficit in the 202406 period ($37,869 revenue vs. $87,014 expenses) raises concerns about its ability to cover operational costs consistently. The large surplus in 202306 ($106,195 revenue vs. $33,304 expenses) suggests variability in funding or project cycles.
How does the organization manage its administrative costs?
Friends Of The Maine Youth Center Inc appears to manage administrative costs very efficiently, primarily due to reporting 0% officer compensation across all available filings. This suggests a volunteer-driven leadership structure, which minimizes overhead.
What caused the large expense increase in 202406?
The provided data does not specify the exact cause of the expense increase from $33,304 in 202306 to $87,014 in 202406. It could be due to a major program initiative, capital expenditure, or an unusual operational cost. Further detail would require examining the full 990 filing for that period.
Filing History
IRS 990 filing history for Friends Of The Maine Youth Center Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Friends Of The Maine Youth Center Inc's revenue has grown by 30.4%, moving from $29K to $38K. Total assets increased by 487.9% over the same period, from $20K to $118K. Total functional expenses rose by 330.7%, from $20K to $87K. In its most recent filing year (2024), Friends Of The Maine Youth Center Inc reported a deficit of $49K, with expenses exceeding revenue. The organization holds $195 in liabilities against $118K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $118K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $38K | $87K | $118K | $195 | — | — |
| 2023 | $106K | $33K | $167K | $260 | — | View 990 |
| 2022 | $10K | $22K | $95K | $390 | — | View 990 |
| 2021 | $50K | $25K | $106K | $195 | — | — |
| 2020 | $52K | $32K | $81K | $195 | — | View 990 |
| 2019 | $52K | $42K | $63K | $2K | — | View 990 |
| 2018 | $39K | $71K | $50K | $260 | — | — |
| 2017 | $62K | $52K | $83K | $260 | — | View 990 |
| 2013 | $52K | $25K | $47K | $0 | — | View 990 |
| 2012 | $29K | $20K | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $38K, expenses of $87K, and assets of $118K (revenue -64.3% year-over-year).
- 2023: Revenue of $106K, expenses of $33K, and assets of $167K (revenue +953.3% year-over-year).
- 2022: Revenue of $10K, expenses of $22K, and assets of $95K (revenue -80.0% year-over-year).
- 2021: Revenue of $50K, expenses of $25K, and assets of $106K (revenue -3.5% year-over-year).
- 2020: Revenue of $52K, expenses of $32K, and assets of $81K (revenue -0.5% year-over-year).
- 2019: Revenue of $52K, expenses of $42K, and assets of $63K (revenue +35.1% year-over-year).
- 2018: Revenue of $39K, expenses of $71K, and assets of $50K (revenue -37.6% year-over-year).
- 2017: Revenue of $62K, expenses of $52K, and assets of $83K (revenue +20.5% year-over-year).
- 2013: Revenue of $52K, expenses of $25K, and assets of $47K (revenue +77.7% year-over-year).
- 2012: Revenue of $29K, expenses of $20K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Maine Youth Center Inc:
Data Sources and Methodology
This transparency report for Friends Of The Maine Youth Center Inc 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.