Friends Of The Presumpscot River
Friends Of The Presumpscot River shows fluctuating finances with recent deficit but no executive compensation.
EIN: 10472214 · Westbrook, ME · NTEE: C320 · Updated: 2026-03-28
Is Friends Of The Presumpscot River 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 Presumpscot River directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Presumpscot River
Friends Of The Presumpscot River (EIN: 10472214) is a nonprofit organization based in Westbrook, ME, classified under NTEE code C320. 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 The Presumpscot River's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of The Presumpscot River with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Friends Of The Presumpscot River allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization reports 0% officer compensation across all nine filing periods, indicating that its leadership is either unpaid or compensated through non-officer roles, which is highly unusual for an organization of its age and activity level, suggesting a volunteer-driven model.
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 Presumpscot River's IRS 990 filings:
- Significant deficit in 2023 ($35,274, with expenses of $59,006 exceeding revenue of $23,732)
- Highly fluctuating revenue and expenses year-over-year, indicating potential financial unpredictability (e.g., 2022 revenue $72,192 vs. 2023 revenue $23,732)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Friends Of The Presumpscot River:
- Consistent IRS 990 filing history (9 filings) demonstrates strong transparency.
- No officer compensation reported across all periods, suggesting a volunteer-driven model and low overhead.
- Zero liabilities reported in recent years (2023, 2022, 2021, 2020), indicating a healthy balance sheet.
- Growing asset base, reaching $101,213 in 2023, despite recent deficit.
Frequently Asked Questions about Friends Of The Presumpscot River
Is Friends Of The Presumpscot River a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Presumpscot River (EIN: 10472214) some concerns. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
How does Friends Of The Presumpscot River spend its money?
Friends Of The Presumpscot River directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The Presumpscot River tax-deductible?
Friends Of The Presumpscot River is registered as a tax-exempt nonprofit (EIN: 10472214). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of The Presumpscot River a good charity?
Based on the available data, the organization demonstrates strong financial transparency through consistent 990 filings and a commitment to its mission without paying officer compensation. However, the significant year-to-year fluctuations in revenue and expenses, such as the $35,274 deficit in 2023, suggest potential instability or project-based funding that could impact long-term sustainability. A deeper dive into their program activities and funding sources would be beneficial.
Why did expenses exceed revenue by over $35,000 in 2023?
In 2023, Friends Of The Presumpscot River reported $23,732 in revenue but $59,006 in expenses, resulting in a deficit of $35,274. This could be due to a major project, a timing difference in grant receipts, or a decline in donations. Without more detailed financial statements, the exact reason is unclear.
How does the organization manage without paying officers?
The consistent reporting of 0% officer compensation across all nine filings suggests that Friends Of The Presumpscot River operates with an entirely volunteer board and potentially volunteer-led operations. This can be a strength in terms of keeping administrative costs low but might also indicate a reliance on dedicated volunteers for critical functions.
Filing History
IRS 990 filing history for Friends Of The Presumpscot River showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Friends Of The Presumpscot River's revenue has declined by 78.3%, moving from $109K to $24K. Total assets increased by 9.1% over the same period, from $93K to $101K. Total functional expenses fell by 35.6%, from $92K to $59K. In its most recent filing year (2023), Friends Of The Presumpscot River reported a deficit of $35K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $24K | $59K | $101K | $0 | — | — |
| 2022 | $72K | $5K | $136K | $0 | — | View 990 |
| 2021 | $33K | $35K | $69K | $0 | — | View 990 |
| 2020 | $38K | $11K | $71K | $0 | — | View 990 |
| 2019 | $43K | $34K | $44K | $24K | — | View 990 |
| 2018 | $77K | $72K | $33K | $21K | — | View 990 |
| 2017 | $41K | $51K | $57K | $50K | — | View 990 |
| 2016 | $88K | $90K | $24K | $7K | — | View 990 |
| 2015 | $109K | $92K | $93K | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24K, expenses of $59K, and assets of $101K (revenue -67.1% year-over-year).
- 2022: Revenue of $72K, expenses of $5K, and assets of $136K (revenue +117.3% year-over-year).
- 2021: Revenue of $33K, expenses of $35K, and assets of $69K (revenue -13.2% year-over-year).
- 2020: Revenue of $38K, expenses of $11K, and assets of $71K (revenue -9.9% year-over-year).
- 2019: Revenue of $43K, expenses of $34K, and assets of $44K (revenue -44.8% year-over-year).
- 2018: Revenue of $77K, expenses of $72K, and assets of $33K (revenue +86.3% year-over-year).
- 2017: Revenue of $41K, expenses of $51K, and assets of $57K (revenue -53.0% year-over-year).
- 2016: Revenue of $88K, expenses of $90K, and assets of $24K (revenue -19.3% year-over-year).
- 2015: Revenue of $109K, expenses of $92K, and assets of $93K.
Data Sources and Methodology
This transparency report for Friends Of The Presumpscot River 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.