Friends Of The Swans Island Lighthouse
EIN: 264546654 · Swans Island, ME · NTEE: A80
| Metric | Value |
|---|---|
| Total Revenue | $104K |
| Total Expenses | $87K |
| Net Assets | $44K |
Is Friends Of The Swans Island Lighthouse Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends Of The Swans Island Lighthouse
Friends Of The Swans Island Lighthouse (EIN: 264546654) is a nonprofit organization based in Swans Island, ME, classified under NTEE code A80. The organization reported total revenue of $104K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Swans Island Lighthouse's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Swans Island Lighthouse is a small nonprofit that has been operating for 17 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -26.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $37K |
| Total Expenses | $87K |
| Surplus / Deficit | $-49,865 |
| Total Assets | $44K |
| Net Assets | $44K |
| Operating Margin | -134.9% |
| Months of Reserves | 6.1 months |
Financial Health Grade: B
In 2023, Friends Of The Swans Island Lighthouse reported a deficit of $50K with expenses exceeding revenue, holds 6.1 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Friends Of The Swans Island Lighthouse's revenue has declined at a compound annual growth rate (CAGR) of -26.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.0% | -1.0% | +48.6% |
| 2022 | -71.1% | -51.1% | -42.9% |
| 2021 | +70.8% | +275.9% | -29.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends Of The Swans Island Lighthouse has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of The Swans Island Lighthouse with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $50K, with expenses exceeding revenue.
Frequently Asked Questions about Friends Of The Swans Island Lighthouse
Is Friends Of The Swans Island Lighthouse a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Swans Island Lighthouse (EIN: 264546654) insufficient data. 0 red flags identified, 0 strengths noted.
How does Friends Of The Swans Island Lighthouse spend its money?
Detailed spending breakdown data is not yet available for Friends Of The Swans Island Lighthouse. Check back for updated IRS 990 analysis.
Are donations to Friends Of The Swans Island Lighthouse tax-deductible?
Friends Of The Swans Island Lighthouse is registered as a tax-exempt nonprofit (EIN: 264546654). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of The Swans Island Lighthouse located?
Friends Of The Swans Island Lighthouse is headquartered in Swans Island, Maine and files with the IRS under EIN 264546654. It is classified under NTEE code A80.
How many years of IRS 990 filings does Friends Of The Swans Island Lighthouse have?
Friends Of The Swans Island Lighthouse has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $104K in total revenue.
Filing History
IRS 990 filing history for Friends Of The Swans Island Lighthouse showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Friends Of The Swans Island Lighthouse's revenue has declined by 60.1%, moving from $93K to $37K. Total assets decreased by 40.1% over the same period, from $73K to $44K. Total functional expenses rose by 81.8%, from $48K to $87K. In its most recent filing year (2023), Friends Of The Swans Island Lighthouse reported a deficit of $50K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $37K | $87K | $44K | $0 | — | View 990 |
| 2022 | $46K | $88K | $29K | $0 | — | View 990 |
| 2021 | $158K | $180K | $52K | $0 | — | View 990 |
| 2020 | $93K | $48K | $73K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $37K, expenses of $87K, and assets of $44K (revenue -19.0% year-over-year).
- 2022: Revenue of $46K, expenses of $88K, and assets of $29K (revenue -71.1% year-over-year).
- 2021: Revenue of $158K, expenses of $180K, and assets of $52K (revenue +70.8% year-over-year).
- 2020: Revenue of $93K, expenses of $48K, and assets of $73K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Swans Island Lighthouse:
Data Sources and Methodology
This transparency report for Friends Of The Swans Island Lighthouse 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.