Fryeburg Recreation Department Inc
Fryeburg Recreation Department Inc consistently grows assets with low expenses and no reported officer compensation.
EIN: 10538921 · Fryeburg, ME · NTEE: N30 · Updated: 2026-03-28
Is Fryeburg Recreation Department Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fryeburg Recreation Department Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fryeburg Recreation Department Inc
Fryeburg Recreation Department Inc (EIN: 10538921) is a nonprofit organization based in Fryeburg, ME, classified under NTEE code N30. The organization reported total revenue of $440K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fryeburg Recreation Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fryeburg Recreation Department Inc is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $381K |
| Total Expenses | $284K |
| Surplus / Deficit | +$97K |
| Total Assets | $2.5M |
| Total Liabilities | $53K |
| Net Assets | $2.4M |
| Operating Margin | 25.5% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 104.6 months |
Financial Health Grade: A
In 2023, Fryeburg Recreation Department Inc reported a surplus of $97K with revenue exceeding expenses, holds 104.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fryeburg Recreation Department Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.5% | +29.1% | +6.5% |
| 2022 | +29.7% | +3.3% | +4.7% |
| 2021 | +28.9% | +34.6% | +1.7% |
| 2020 | -26.3% | +69.2% | +1.7% |
| 2019 | +13.6% | +39.6% | +8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Fryeburg Recreation Department Inc with a Mission Score of 90 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, Fryeburg Recreation Department 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $97K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are either unpaid volunteers or receive compensation below the reporting threshold, which is a positive sign for resource allocation.
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 Fryeburg Recreation Department Inc:
- Consistent asset growth, from $1,047,610 in 2014 to $2,475,060 in 2023.
- Consistently operates with a significant surplus (e.g., $97,312 in 2023).
- Zero reported officer compensation across all available filings.
- Very low or zero liabilities for most of the past decade.
- Strong financial stability and capacity to build reserves.
Frequently Asked Questions about Fryeburg Recreation Department Inc
Is Fryeburg Recreation Department Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fryeburg Recreation Department Inc (EIN: 10538921) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Fryeburg Recreation Department Inc spend its money?
Fryeburg Recreation Department Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fryeburg Recreation Department Inc tax-deductible?
Fryeburg Recreation Department Inc is registered as a tax-exempt nonprofit (EIN: 10538921). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Fryeburg Recreation Department Inc a good charity?
Based on the provided financial data, Fryeburg Recreation Department Inc appears to be a very well-managed organization. It consistently operates with a surplus, has significantly grown its assets over time, and reports no officer compensation, all of which are strong indicators of a good charity focused on its mission.
How has Fryeburg Recreation Department Inc's financial health changed over the last decade?
Fryeburg Recreation Department Inc has shown consistent financial growth and strengthening over the last decade. Its assets have grown from $1,047,610 in 2014 to $2,475,060 in 2023, and it has consistently maintained low liabilities and operated with a surplus, indicating excellent financial health.
What is the trend in revenue and expenses for Fryeburg Recreation Department Inc?
Revenue for Fryeburg Recreation Department Inc has generally trended upwards, from $330,934 in 2014 to $381,323 in 2023, with some fluctuations. Expenses have also increased but at a slower rate, from $70,554 in 2014 to $284,011 in 2023, consistently remaining well below revenue, allowing for significant asset accumulation.
Filing History
IRS 990 filing history for Fryeburg Recreation Department Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fryeburg Recreation Department Inc's revenue has grown by 107.3%, moving from $184K to $381K. Total assets increased by 599.2% over the same period, from $354K to $2.5M. Total functional expenses rose by 398.5%, from $57K to $284K. In its most recent filing year (2023), Fryeburg Recreation Department Inc reported a surplus of $97K, with revenue exceeding expenses. The organization holds $53K in liabilities against $2.5M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $381K | $284K | $2.5M | $53K | — | — |
| 2022 | $325K | $220K | $2.3M | $0 | — | View 990 |
| 2021 | $250K | $213K | $2.2M | $0 | — | View 990 |
| 2020 | $194K | $158K | $2.2M | $0 | — | View 990 |
| 2019 | $263K | $94K | $2.1M | $0 | — | View 990 |
| 2018 | $232K | $67K | $2.0M | $0 | — | View 990 |
| 2017 | $183K | $52K | $1.8M | $0 | — | View 990 |
| 2016 | $363K | $54K | $1.7M | $3K | — | View 990 |
| 2015 | $391K | $54K | $1.4M | $6K | — | View 990 |
| 2014 | $331K | $71K | $1.0M | $12K | — | View 990 |
| 2013 | $387K | $62K | $790K | $15K | — | View 990 |
| 2012 | $159K | $64K | $449K | $0 | — | View 990 |
| 2011 | $184K | $57K | $354K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $381K, expenses of $284K, and assets of $2.5M (revenue +17.5% year-over-year).
- 2022: Revenue of $325K, expenses of $220K, and assets of $2.3M (revenue +29.7% year-over-year).
- 2021: Revenue of $250K, expenses of $213K, and assets of $2.2M (revenue +28.9% year-over-year).
- 2020: Revenue of $194K, expenses of $158K, and assets of $2.2M (revenue -26.3% year-over-year).
- 2019: Revenue of $263K, expenses of $94K, and assets of $2.1M (revenue +13.6% year-over-year).
- 2018: Revenue of $232K, expenses of $67K, and assets of $2.0M (revenue +27.0% year-over-year).
- 2017: Revenue of $183K, expenses of $52K, and assets of $1.8M (revenue -49.8% year-over-year).
- 2016: Revenue of $363K, expenses of $54K, and assets of $1.7M (revenue -7.1% year-over-year).
- 2015: Revenue of $391K, expenses of $54K, and assets of $1.4M (revenue +18.2% year-over-year).
- 2014: Revenue of $331K, expenses of $71K, and assets of $1.0M (revenue -14.5% year-over-year).
- 2013: Revenue of $387K, expenses of $62K, and assets of $790K (revenue +143.4% year-over-year).
- 2012: Revenue of $159K, expenses of $64K, and assets of $449K (revenue -13.6% year-over-year).
- 2011: Revenue of $184K, expenses of $57K, and assets of $354K.
Data Sources and Methodology
This transparency report for Fryeburg Recreation Department 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.