Greater Portland Landmarks Inc
Greater Portland Landmarks Inc. faces significant financial challenges with recent negative revenue and asset decline.
EIN: 10276272 · Portland, ME · NTEE: A82Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $556K |
| Total Expenses | $616K |
| Program Spending | 75% |
| Net Assets | $1.5M |
| Transparency Score | 70/100 |
Is Greater Portland Landmarks Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Portland Landmarks Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Portland Landmarks Inc
Greater Portland Landmarks Inc (EIN: 10276272) is a nonprofit organization based in Portland, ME, classified under NTEE code A82Z. The organization reported total revenue of $556K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Portland Landmarks Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Portland Landmarks Inc is a small nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -125.4% | +33.6% | -42.0% |
| 2022 | +5.7% | +14.3% | +1.3% |
| 2021 | -3.6% | -23.0% | +6.9% |
| 2020 | -21.4% | +2.7% | +-0.0% |
| 2019 | +22.6% | +4.3% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1967 |
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 Portland Landmarks Inc 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: 75%
- fundraising: 10%
According to IRS 990 filings, Greater Portland Landmarks Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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:
- Debt-to-asset ratio: 9.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating either a fully volunteer-led executive team or that compensation is not reported under 'officer compensation' in a way that is visible in this summary. This suggests a highly efficient use of funds regarding leadership salaries relative to the organization's size and revenue.
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 Portland Landmarks Inc's IRS 990 filings:
- Significant negative revenue ($-111,544) in the latest fiscal year (202306).
- Substantial decrease in assets from $2,941,775 (202206) to $1,705,438 (202306).
- Operating deficit in the latest fiscal year, with expenses ($616,123) far exceeding revenue ($-111,544).
Strengths
The following positive indicators were identified for Greater Portland Landmarks Inc:
- Consistent reporting of 0% officer compensation, indicating either volunteer leadership or highly efficient executive pay practices.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency and compliance.
- Maintained a substantial asset base (around $2.7-$2.9 million) for most of the past decade prior to the latest filing.
Frequently Asked Questions about Greater Portland Landmarks Inc
Is Greater Portland Landmarks Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Portland Landmarks Inc (EIN: 10276272) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Greater Portland Landmarks Inc spend its money?
Greater Portland Landmarks Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Portland Landmarks Inc tax-deductible?
Greater Portland Landmarks Inc is registered as a tax-exempt nonprofit (EIN: 10276272). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greater Portland Landmarks Inc's spending goes to programs?
Greater Portland Landmarks Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greater Portland Landmarks Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Greater Portland Landmarks Inc is above average for NTEE category A82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Portland Landmarks Inc located?
Greater Portland Landmarks Inc is headquartered in Portland, Maine and files with the IRS under EIN 10276272. It is classified under NTEE code A82Z.
How many years of IRS 990 filings does Greater Portland Landmarks Inc have?
Greater Portland Landmarks Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $556K in total revenue.
What caused the significant negative revenue of $-111,544 in the 202306 period?
The provided data does not specify the cause, but such a figure could result from significant asset write-downs, investment losses, or a substantial return of grants/donations exceeding new income. This requires further investigation into the detailed financial statements.
How does Greater Portland Landmarks Inc. plan to address the recent decline in assets from $2,941,775 to $1,705,438?
The data indicates a substantial drop in assets. The organization would need to implement strategies to rebuild its asset base, potentially through fundraising campaigns, endowment growth, or more efficient management of existing resources.
Are the executive roles entirely volunteer-based, given the 0% officer compensation?
The consistent 0% officer compensation suggests that executive leadership may be entirely volunteer-based, which is highly unusual for an organization of this size and operational scope. It's also possible that compensation is reported under other expense categories, or that the 'officer' definition used for this metric excludes key compensated leadership roles.
What is the organization's strategy for long-term financial sustainability given the fluctuating revenue and recent deficit?
The organization has experienced periods of both surplus and deficit. A clear strategy for diversifying revenue streams, managing expenses, and building reserves would be crucial for long-term sustainability, especially in light of the recent negative revenue.
Filing History
IRS 990 filing history for Greater Portland Landmarks Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Portland Landmarks Inc's revenue has declined by 121.9%, moving from $510K to $-111,544. Total assets decreased by 42.3% over the same period, from $3.0M to $1.7M. Total functional expenses rose by 52.9%, from $403K to $616K. The organization holds $168K in liabilities against $1.7M in assets (debt-to-asset ratio: 9.9%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-111,544 | $616K | $1.7M | $168K | — | — |
| 2022 | $440K | $461K | $2.9M | $718K | — | View 990 |
| 2021 | $416K | $403K | $2.9M | $598K | — | View 990 |
| 2020 | $432K | $524K | $2.7M | $525K | — | View 990 |
| 2019 | $550K | $510K | $2.7M | $442K | — | View 990 |
| 2018 | $448K | $489K | $2.7M | $464K | — | View 990 |
| 2017 | $393K | $400K | $2.7M | $509K | — | View 990 |
| 2016 | $322K | $388K | $2.7M | $512K | — | View 990 |
| 2015 | $399K | $415K | $2.8M | $540K | — | View 990 |
| 2014 | $451K | $400K | $2.9M | $561K | — | View 990 |
| 2013 | $323K | $395K | $2.8M | $581K | — | View 990 |
| 2012 | $430K | $387K | $2.9M | $609K | — | View 990 |
| 2011 | $510K | $403K | $3.0M | $678K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-111,544, expenses of $616K, and assets of $1.7M (revenue -125.4% year-over-year).
- 2022: Revenue of $440K, expenses of $461K, and assets of $2.9M (revenue +5.7% year-over-year).
- 2021: Revenue of $416K, expenses of $403K, and assets of $2.9M (revenue -3.6% year-over-year).
- 2020: Revenue of $432K, expenses of $524K, and assets of $2.7M (revenue -21.4% year-over-year).
- 2019: Revenue of $550K, expenses of $510K, and assets of $2.7M (revenue +22.6% year-over-year).
- 2018: Revenue of $448K, expenses of $489K, and assets of $2.7M (revenue +14.0% year-over-year).
- 2017: Revenue of $393K, expenses of $400K, and assets of $2.7M (revenue +22.2% year-over-year).
- 2016: Revenue of $322K, expenses of $388K, and assets of $2.7M (revenue -19.3% year-over-year).
- 2015: Revenue of $399K, expenses of $415K, and assets of $2.8M (revenue -11.6% year-over-year).
- 2014: Revenue of $451K, expenses of $400K, and assets of $2.9M (revenue +39.5% year-over-year).
- 2013: Revenue of $323K, expenses of $395K, and assets of $2.8M (revenue -24.8% year-over-year).
- 2012: Revenue of $430K, expenses of $387K, and assets of $2.9M (revenue -15.6% year-over-year).
- 2011: Revenue of $510K, expenses of $403K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Portland Landmarks Inc:
Data Sources and Methodology
This transparency report for Greater Portland Landmarks 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.