Greater Bangor Association Of Realtors
Greater Bangor Association Of Realtors shows consistent financial growth and no paid officer compensation.
EIN: 10384177 · Brewer, ME · Updated: 2026-03-28
Is Greater Bangor Association Of Realtors Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Bangor Association Of Realtors directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Bangor Association Of Realtors
Greater Bangor Association Of Realtors (EIN: 10384177) is a nonprofit organization based in Brewer, ME. The organization reported total revenue of $177K and total assets of $333K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Bangor Association Of Realtors's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Bangor Association Of Realtors is a small nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $196K |
| Total Expenses | $170K |
| Surplus / Deficit | +$26K |
| Total Assets | $329K |
| Total Liabilities | $3K |
| Net Assets | $326K |
| Operating Margin | 13.2% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 23.2 months |
Financial Health Grade: A
In 2023, Greater Bangor Association Of Realtors reported a surplus of $26K with revenue exceeding expenses, holds 23.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greater Bangor Association Of Realtors's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.7% | +10.6% | +8.0% |
| 2022 | +20.1% | +59.0% | +13.8% |
| 2021 | +50.8% | +12.3% | +30.3% |
| 2020 | -22.5% | -23.4% | +10.5% |
| 2019 | +14.9% | +20.1% | +14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1982 |
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 Greater Bangor Association Of Realtors 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: 90%
- fundraising: 0%
According to IRS 990 filings, Greater Bangor Association Of Realtors 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size with revenues around $200,000.
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 Greater Bangor Association Of Realtors's IRS 990 filings:
- NTEE Code is unknown, which limits understanding of specific programmatic focus.
Strengths
The following positive indicators were identified for Greater Bangor Association Of Realtors:
- Consistent revenue growth over the past decade, from $95,038 in 2014 to $195,792 in 2023.
- Healthy financial surplus year over year (e.g., $25,814 in 2023).
- Zero officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds.
- Strong asset growth and low liabilities, demonstrating excellent financial stewardship.
- Expenses consistently below revenue, showing responsible financial management.
Frequently Asked Questions about Greater Bangor Association Of Realtors
Is Greater Bangor Association Of Realtors a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Bangor Association Of Realtors (EIN: 10384177) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Greater Bangor Association Of Realtors spend its money?
Greater Bangor Association Of Realtors directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Bangor Association Of Realtors tax-deductible?
Greater Bangor Association Of Realtors is registered as a tax-exempt nonprofit (EIN: 10384177). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Greater Bangor Association Of Realtors a good charity?
Based on the provided financial data, the organization demonstrates strong financial health, consistent growth, and a highly efficient operational model with no paid officer compensation, suggesting it is a well-managed entity.
How has the organization's revenue grown over time?
The organization's revenue has shown consistent growth, increasing from $95,038 in 2014 to $195,792 in 2023, nearly doubling in a decade.
What is the organization's asset growth trend?
Assets have steadily increased from $59,870 in 2014 to $328,789 in 2023, indicating strong financial accumulation and stability.
Filing History
IRS 990 filing history for Greater Bangor Association Of Realtors showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Bangor Association Of Realtors's revenue has grown by 148.9%, moving from $79K to $196K. Total assets increased by 421% over the same period, from $63K to $329K. Total functional expenses rose by 89.9%, from $89K to $170K. In its most recent filing year (2023), Greater Bangor Association Of Realtors reported a surplus of $26K, with revenue exceeding expenses. The organization holds $3K in liabilities against $329K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $326K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $196K | $170K | $329K | $3K | — | — |
| 2022 | $191K | $154K | $304K | $4K | — | — |
| 2021 | $159K | $97K | $267K | $4K | — | View 990 |
| 2020 | $105K | $86K | $205K | $4K | — | — |
| 2019 | $136K | $112K | $186K | $4K | — | View 990 |
| 2018 | $118K | $93K | $162K | $4K | — | View 990 |
| 2017 | $146K | $115K | $136K | $3K | — | View 990 |
| 2016 | $124K | $98K | $109K | $6K | — | View 990 |
| 2015 | $122K | $100K | $82K | $6K | — | View 990 |
| 2014 | $95K | $89K | $60K | $6K | — | View 990 |
| 2013 | $87K | $93K | $55K | $6K | — | View 990 |
| 2012 | $77K | $82K | $59K | $5K | — | View 990 |
| 2011 | $79K | $89K | $63K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $196K, expenses of $170K, and assets of $329K (revenue +2.7% year-over-year).
- 2022: Revenue of $191K, expenses of $154K, and assets of $304K (revenue +20.1% year-over-year).
- 2021: Revenue of $159K, expenses of $97K, and assets of $267K (revenue +50.8% year-over-year).
- 2020: Revenue of $105K, expenses of $86K, and assets of $205K (revenue -22.5% year-over-year).
- 2019: Revenue of $136K, expenses of $112K, and assets of $186K (revenue +14.9% year-over-year).
- 2018: Revenue of $118K, expenses of $93K, and assets of $162K (revenue -18.8% year-over-year).
- 2017: Revenue of $146K, expenses of $115K, and assets of $136K (revenue +16.9% year-over-year).
- 2016: Revenue of $124K, expenses of $98K, and assets of $109K (revenue +1.7% year-over-year).
- 2015: Revenue of $122K, expenses of $100K, and assets of $82K (revenue +28.8% year-over-year).
- 2014: Revenue of $95K, expenses of $89K, and assets of $60K (revenue +8.8% year-over-year).
- 2013: Revenue of $87K, expenses of $93K, and assets of $55K (revenue +14.2% year-over-year).
- 2012: Revenue of $77K, expenses of $82K, and assets of $59K (revenue -2.7% year-over-year).
- 2011: Revenue of $79K, expenses of $89K, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Bangor Association Of Realtors:
Data Sources and Methodology
This transparency report for Greater Bangor Association Of Realtors 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.