Gulf Of Maine Properties Inc
Gulf Of Maine Properties Inc. maintains stable finances with no reported executive compensation.
EIN: 201480528 · Portland, ME · NTEE: U11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| Net Assets | $7.7M |
| Transparency Score | 85/100 |
Is Gulf Of Maine Properties Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gulf Of Maine Properties Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gulf Of Maine Properties Inc
Gulf Of Maine Properties Inc (EIN: 201480528) is a nonprofit organization based in Portland, ME, classified under NTEE code U11. The organization reported total revenue of $1.1M and total assets of $10.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gulf Of Maine Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gulf Of Maine Properties Inc is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$32K |
| Total Assets | $10.6M |
| Total Liabilities | $2.9M |
| Net Assets | $7.7M |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 27.2% |
| Months of Reserves | 109.7 months |
Financial Health Grade: A
In 2023, Gulf Of Maine Properties Inc reported a surplus of $32K with revenue exceeding expenses, holds 109.7 months of operating reserves (strong position), has a debt-to-asset ratio of 27.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Gulf Of Maine Properties Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.7% | +21.1% | +0.3% |
| 2022 | +15.4% | -4.9% | -0.9% |
| 2021 | +5.0% | +2.3% | -2.4% |
| 2020 | -2.0% | -3.3% | -1.2% |
| 2019 | +100.8% | +100.6% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1800 |
| IRS Ruling Date | 2007 |
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 Gulf Of Maine Properties 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, Gulf Of Maine Properties 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 $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, directors, or trustees. This is highly favorable, suggesting all funds are directed towards the organization's operational and programmatic activities.
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 Gulf Of Maine Properties Inc:
- Consistent financial stability with assets over $10 million.
- No reported executive compensation, indicating high efficiency in directing funds.
- Revenues generally covering expenses in recent periods, such as 2023 ($1,191,396 revenue vs. $1,159,352 expenses).
- Long filing history (12 filings) demonstrating consistent transparency.
Frequently Asked Questions about Gulf Of Maine Properties Inc
Is Gulf Of Maine Properties Inc a legitimate charity?
Gulf Of Maine Properties Inc (EIN: 201480528) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Gulf Of Maine Properties Inc spend its money?
Gulf Of Maine Properties Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gulf Of Maine Properties Inc tax-deductible?
Gulf Of Maine Properties Inc is registered as a tax-exempt nonprofit (EIN: 201480528). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gulf Of Maine Properties Inc's spending goes to programs?
Gulf Of Maine Properties Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gulf Of Maine Properties Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gulf Of Maine Properties Inc is above average for NTEE category U11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gulf Of Maine Properties Inc located?
Gulf Of Maine Properties Inc is headquartered in Portland, Maine and files with the IRS under EIN 201480528. It is classified under NTEE code U11.
How many years of IRS 990 filings does Gulf Of Maine Properties Inc have?
Gulf Of Maine Properties Inc has 12 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 $1.1M in total revenue.
Is Gulf Of Maine Properties Inc. financially stable?
Yes, the organization appears financially stable. Its assets consistently exceed $10 million, and recent revenues have generally covered expenses, such as in 2023 where revenue was $1,191,396 and expenses were $1,159,352.
Does Gulf Of Maine Properties Inc. pay its executives?
Based on the provided IRS 990 data, Gulf Of Maine Properties Inc. reports 0% officer compensation across all available filings, indicating no salaries were paid to executives.
How has the organization's revenue trended over time?
Revenue has fluctuated but shown an upward trend in recent years, increasing from $872,461 in 2020 to $1,191,396 in 2023, after a dip in 2018.
Filing History
IRS 990 filing history for Gulf Of Maine Properties Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Gulf Of Maine Properties Inc's revenue has grown by 76.4%, moving from $675K to $1.2M. Total assets decreased by 15.1% over the same period, from $12.5M to $10.6M. Total functional expenses rose by 25.5%, from $924K to $1.2M. In its most recent filing year (2023), Gulf Of Maine Properties Inc reported a surplus of $32K, with revenue exceeding expenses. The organization holds $2.9M in liabilities against $10.6M in assets (debt-to-asset ratio: 27.2%), resulting in net assets of $7.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $10.6M | $2.9M | — | View 990 |
| 2022 | $1.1M | $957K | $10.6M | $2.9M | — | View 990 |
| 2021 | $916K | $1.0M | $10.7M | $2.9M | — | View 990 |
| 2020 | $872K | $984K | $10.9M | $3.1M | — | View 990 |
| 2019 | $890K | $1.0M | $11.1M | $3.1M | — | View 990 |
| 2018 | $444K | $507K | $11.3M | $3.2M | — | View 990 |
| 2017 | $909K | $1.1M | $11.5M | $3.3M | — | View 990 |
| 2016 | $867K | $974K | $11.7M | $3.4M | — | View 990 |
| 2015 | $793K | $986K | $12.0M | $3.5M | — | View 990 |
| 2014 | $766K | $894K | $11.9M | $3.6M | — | View 990 |
| 2013 | $684K | $880K | $12.2M | $3.7M | — | View 990 |
| 2012 | $675K | $924K | $12.5M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $10.6M (revenue +12.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $957K, and assets of $10.6M (revenue +15.4% year-over-year).
- 2021: Revenue of $916K, expenses of $1.0M, and assets of $10.7M (revenue +5.0% year-over-year).
- 2020: Revenue of $872K, expenses of $984K, and assets of $10.9M (revenue -2.0% year-over-year).
- 2019: Revenue of $890K, expenses of $1.0M, and assets of $11.1M (revenue +100.8% year-over-year).
- 2018: Revenue of $444K, expenses of $507K, and assets of $11.3M (revenue -51.2% year-over-year).
- 2017: Revenue of $909K, expenses of $1.1M, and assets of $11.5M (revenue +4.8% year-over-year).
- 2016: Revenue of $867K, expenses of $974K, and assets of $11.7M (revenue +9.4% year-over-year).
- 2015: Revenue of $793K, expenses of $986K, and assets of $12.0M (revenue +3.5% year-over-year).
- 2014: Revenue of $766K, expenses of $894K, and assets of $11.9M (revenue +12.0% year-over-year).
- 2013: Revenue of $684K, expenses of $880K, and assets of $12.2M (revenue +1.2% year-over-year).
- 2012: Revenue of $675K, expenses of $924K, and assets of $12.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gulf Of Maine Properties Inc:
Data Sources and Methodology
This transparency report for Gulf Of Maine Properties 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.