Harpswell Community Broadcasting Corporation

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Harpswell Community Broadcasting Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Harpswell Community Broadcasting Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Harpswell Community Broadcasting Corporation in one place.

Is Harpswell Community Broadcasting Corporation Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Harpswell Community Broadcasting Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Harpswell Community Broadcasting Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Harpswell Community Broadcasting Corporation

Harpswell Community Broadcasting Corporation (EIN: 10472463) is a nonprofit organization based in Harpswell, ME, classified under NTEE code A32Z. The organization reported total revenue of $101K and total assets of $152K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harpswell Community Broadcasting Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Harpswell Community Broadcasting Corporation is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Harpswell Community Broadcasting Corporation reported a surplus of $6K with revenue exceeding expenses, holds 19.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Harpswell Community Broadcasting Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.

IRS Tax-Exempt Classification

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 Harpswell Community Broadcasting Corporation 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, Harpswell Community Broadcasting Corporation 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 $6K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.4%.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of this 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 Harpswell Community Broadcasting Corporation:

• Zero officer compensation, indicating volunteer leadership and efficient use of funds.
• Consistent filing of IRS 990 forms over 13 periods, demonstrating strong transparency.
• Stable asset base, with current assets at $152,223, showing good financial stewardship.
• Low liabilities, with zero reported for most years, indicating a healthy balance sheet.
• Return to a financial surplus in the latest filing (202312), with revenues of $100,144 exceeding expenses of $93,970.

Frequently Asked Questions about Harpswell Community Broadcasting Corporation

Filing History

IRS 990 filing history for Harpswell Community Broadcasting Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Harpswell Community Broadcasting Corporation's revenue has grown by 58.8%, moving from $63K to $100K. Total assets increased by 80.7% over the same period, from $82K to $149K. Total functional expenses rose by 53.3%, from $61K to $94K. In its most recent filing year (2023), Harpswell Community Broadcasting Corporation reported a surplus of $6K, with revenue exceeding expenses. The organization holds $595 in liabilities against $149K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $148K.

Year-by-Year Financial Summary

• 2023: Revenue of $100K, expenses of $94K, and assets of $149K (revenue +24.5% year-over-year).
• 2022: Revenue of $80K, expenses of $101K, and assets of $142K (revenue +6.4% year-over-year).
• 2021: Revenue of $76K, expenses of $78K, and assets of $163K (revenue -14.1% year-over-year).
• 2020: Revenue of $88K, expenses of $67K, and assets of $165K (revenue -1.3% year-over-year).
• 2019: Revenue of $89K, expenses of $83K, and assets of $144K (revenue +8.9% year-over-year).
• 2018: Revenue of $82K, expenses of $77K, and assets of $138K (revenue +4.9% year-over-year).
• 2017: Revenue of $78K, expenses of $84K, and assets of $133K (revenue +2.1% year-over-year).
• 2016: Revenue of $76K, expenses of $81K, and assets of $139K (revenue -35.6% year-over-year).
• 2015: Revenue of $119K, expenses of $71K, and assets of $143K (revenue +120.1% year-over-year).
• 2014: Revenue of $54K, expenses of $66K, and assets of $95K (revenue -30.2% year-over-year).
• 2013: Revenue of $77K, expenses of $65K, and assets of $108K (revenue +7.2% year-over-year).
• 2012: Revenue of $72K, expenses of $59K, and assets of $95K (revenue +14.2% year-over-year).
• 2011: Revenue of $63K, expenses of $61K, and assets of $82K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Harpswell Community Broadcasting Corporation:

Data Sources and Methodology

This transparency report for Harpswell Community Broadcasting Corporation 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.