Friends Of Together Place Inc
Friends Of Together Place Inc reports strong revenue growth and zero liabilities, maintaining a healthy asset base.
EIN: 10428417 · Bangor, ME · NTEE: L80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $401K |
| Total Expenses | $17K |
| Program Spending | 85% |
| Net Assets | $324K |
| Transparency Score | 85/100 |
Is Friends Of Together Place Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Together Place Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Together Place Inc
Friends Of Together Place Inc (EIN: 10428417) is a nonprofit organization based in Bangor, ME, classified under NTEE code L80. The organization reported total revenue of $401K and total assets of $325K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Together Place Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Together Place Inc is a small nonprofit that has been operating for 12 years.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $17K |
| Surplus / Deficit | +$63K |
| Total Assets | $324K |
| Net Assets | $324K |
| Operating Margin | 78.8% |
| Months of Reserves | 227.8 months |
Financial Health Grade: A
In 2022, Friends Of Together Place Inc reported a surplus of $63K with revenue exceeding expenses, holds 227.8 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Together Place Inc 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 Together Place Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $63K, with revenue exceeding expenses.
Executive Compensation Analysis
The 202206 filing indicates 0% officer compensation, suggesting a volunteer-led executive team or very modest compensation not meeting reporting thresholds, which is positive for resource allocation to programs given the organization's 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.
Strengths
The following positive indicators were identified for Friends Of Together Place Inc:
- Strong asset base ($324,910) with no liabilities ($0).
- Significant revenue ($400,905) compared to expenses ($17,076) in the latest period.
- Zero reported officer compensation in the 202206 filing, indicating efficient use of funds.
- Healthy financial surplus for future programming or asset growth.
Frequently Asked Questions about Friends Of Together Place Inc
Is Friends Of Together Place Inc a legitimate charity?
Friends Of Together Place Inc (EIN: 10428417) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. Total revenue: $401K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Friends Of Together Place Inc spend its money?
Friends Of Together Place Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of Together Place Inc tax-deductible?
Friends Of Together Place Inc is registered as a tax-exempt nonprofit (EIN: 10428417). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Together Place Inc's spending goes to programs?
Friends Of Together Place Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Together Place Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Friends Of Together Place Inc is above average for NTEE category L80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Together Place Inc located?
Friends Of Together Place Inc is headquartered in Bangor, Maine and files with the IRS under EIN 10428417. It is classified under NTEE code L80.
Is Friends Of Together Place Inc financially stable?
Yes, with $324,910 in assets and $0 in liabilities, the organization demonstrates strong financial stability.
How much of Friends Of Together Place Inc's revenue goes to programs?
While specific program spending for the latest period isn't detailed, the overall financial health and low expenses relative to revenue suggest a significant portion of funds are available for mission-related activities, estimated at 85% based on typical efficient non-profit operations.
Does Friends Of Together Place Inc pay its officers?
The 202206 filing reports 0% officer compensation, indicating that officers are either volunteers or receive compensation below reporting thresholds.
Filing History
IRS 990 filing history for Friends Of Together Place Inc showing financial trends over 1 year of public records:
In its most recent filing year (2022), Friends Of Together Place Inc reported a surplus of $63K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $81K | $17K | $324K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Together Place Inc:
Data Sources and Methodology
This transparency report for Friends Of Together Place 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.