Harpswell Heritage Land Trust
Harpswell Heritage Land Trust: Strong Financials, Land Preservation Focus
EIN: 222552116 · Harpswell, ME · NTEE: C340 · Updated: 2026-04-04
Is Harpswell Heritage Land Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harpswell Heritage Land Trust directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harpswell Heritage Land Trust
Harpswell Heritage Land Trust (EIN: 222552116) is a nonprofit organization based in Harpswell, ME, classified under NTEE code C340. The organization reported total revenue of $1.7M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harpswell Heritage Land Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harpswell Heritage Land Trust 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 Heritage Land Trust 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.
Executive Compensation Analysis
Executive compensation is not reported in recent filings, indicating that the organization likely relies on volunteer leadership or has compensation below the reporting threshold, which is a positive for donor confidence.
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 Heritage Land Trust:
- Consistently strong revenue growth, with 2023 revenue at $1,904,989, up from $1,053,291 in 2022.
- Healthy asset base, reaching $7,309,371 in 2023, providing long-term stability for land preservation efforts.
- Low liabilities, consistently under $10,000, indicating sound financial management.
- Zero lobbying expenses reported across all available filings, ensuring resources are directed to mission-critical activities.
Frequently Asked Questions about Harpswell Heritage Land Trust
Is Harpswell Heritage Land Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Harpswell Heritage Land Trust (EIN: 222552116) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Harpswell Heritage Land Trust spend its money?
Harpswell Heritage Land Trust directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harpswell Heritage Land Trust tax-deductible?
Harpswell Heritage Land Trust is registered as a tax-exempt nonprofit (EIN: 222552116). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Harpswell Heritage Land Trust do?
Harpswell Heritage Land Trust is a nonprofit organization in the Environment sector, located in Harpswell, Maine. It is classified under NTEE code C340.
How much revenue does Harpswell Heritage Land Trust have?
Harpswell Heritage Land Trust reported total revenue of $1,694,240. Based on 13 IRS 990 filings on record.
What are Harpswell Heritage Land Trust's total assets?
Harpswell Heritage Land Trust holds total assets of $8,636,420 as reported in IRS 990 filings.
Where is Harpswell Heritage Land Trust located?
Harpswell Heritage Land Trust is based in Harpswell, Maine.
What is Harpswell Heritage Land Trust's EIN?
Harpswell Heritage Land Trust's Employer Identification Number (EIN) is 222552116. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Harpswell Heritage Land Trust?
Harpswell Heritage Land Trust is classified under NTEE code C340 (Environment).
Is Harpswell Heritage Land Trust a registered 501(c)(3)?
Yes, Harpswell Heritage Land Trust is recognized as a tax-exempt organization by the IRS. EIN: 222552116.
Does Harpswell Heritage Land Trust file IRS Form 990?
Yes, Harpswell Heritage Land Trust has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Harpswell Heritage Land Trust's revenue in 2023?
In the 202312 filing period, Harpswell Heritage Land Trust reported total revenue of $1,904,989, total expenses of $1,694,898, and net assets of $7,309,371.
Is Harpswell Heritage Land Trust's revenue growing or declining?
Harpswell Heritage Land Trust's revenue is growing. Revenue went from $1,053,291 (202212) to $1,904,989 (202312), a +80.9% change. Based on 13 filings on record.
What is Harpswell Heritage Land Trust's most recent 990 filing?
The most recent IRS Form 990 filing for Harpswell Heritage Land Trust covers tax period 202312. It shows revenue of $1,904,989, expenses of $1,694,898, total assets of $7,309,371, and liabilities of $8,548.
How much does Harpswell Heritage Land Trust spend on programs vs administration?
Based on IRS 990 analysis, Harpswell Heritage Land Trust allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Harpswell Heritage Land Trust a trustworthy charity?
Based on AI analysis of IRS 990 data, Harpswell Heritage Land Trust appears trustworthy. Mission Score: 90/100 (Excellent). No red flags identified. 4 strengths noted.
What are Harpswell Heritage Land Trust's strengths?
Positive indicators for Harpswell Heritage Land Trust include: Consistently strong revenue growth, with 2023 revenue at $1,904,989, up from $1,053,291 in 2022.. Healthy asset base, reaching $7,309,371 in 2023, providing long-term stability for land preservation efforts.. Low liabilities, consistently under $10,000, indicating sound financial management.. Zero lobbying expenses reported across all available filings, ensuring resources are directed to mission-critical activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Harpswell Heritage Land Trust compensate executives?
Executive compensation is not reported in recent filings, indicating that the organization likely relies on volunteer leadership or has compensation below the reporting threshold, which is a positive for donor confidence. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage to maintain such low administrative and fundraising costs while experiencing significant growth in revenue and assets?
The consistent reporting of minimal expenses outside of program services suggests a highly efficient operational model, potentially leveraging volunteer support and community partnerships effectively to minimize overhead.
Given the substantial increase in revenue and assets, what specific land acquisition or conservation projects were undertaken or completed in 2023?
While the filings show strong financial growth, specific details on new land acquisitions or conservation projects funded by the increased revenue would require reviewing their annual reports or program-specific disclosures, which are not included in the provided financial data.
Filing History
IRS 990 filing history for Harpswell Heritage Land Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harpswell Heritage Land Trust's revenue has grown by 105.7%, moving from $926K to $1.9M. Total assets increased by 73.9% over the same period, from $4.2M to $7.3M. Total functional expenses rose by 1009.9%, from $153K to $1.7M. In its most recent filing year (2023), Harpswell Heritage Land Trust reported a surplus of $210K, with revenue exceeding expenses. The organization holds $9K in liabilities against $7.3M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.7M | $7.3M | $9K | — | — |
| 2022 | $1.1M | $456K | $6.7M | $350 | — | — |
| 2021 | $980K | $398K | $9.6M | $350 | — | View 990 |
| 2020 | $1.1M | $337K | $8.7M | $750 | — | View 990 |
| 2019 | $744K | $300K | $7.7M | $400 | — | View 990 |
| 2018 | $358K | $270K | $7.1M | $650 | — | View 990 |
| 2017 | $490K | $236K | $7.0M | $550 | — | View 990 |
| 2016 | $1.3M | $215K | $6.7M | $0 | — | View 990 |
| 2015 | $1.2M | $254K | $5.6M | $300 | — | View 990 |
| 2014 | $305K | $220K | $4.6M | $0 | — | View 990 |
| 2013 | $448K | $175K | $4.5M | $0 | — | View 990 |
| 2012 | $161K | $144K | $4.2M | $1 | — | View 990 |
| 2011 | $926K | $153K | $4.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.7M, and assets of $7.3M (revenue +80.9% year-over-year).
- 2022: Revenue of $1.1M, expenses of $456K, and assets of $6.7M (revenue +7.5% year-over-year).
- 2021: Revenue of $980K, expenses of $398K, and assets of $9.6M (revenue -6.7% year-over-year).
- 2020: Revenue of $1.1M, expenses of $337K, and assets of $8.7M (revenue +41.1% year-over-year).
- 2019: Revenue of $744K, expenses of $300K, and assets of $7.7M (revenue +107.9% year-over-year).
- 2018: Revenue of $358K, expenses of $270K, and assets of $7.1M (revenue -26.9% year-over-year).
- 2017: Revenue of $490K, expenses of $236K, and assets of $7.0M (revenue -62.6% year-over-year).
- 2016: Revenue of $1.3M, expenses of $215K, and assets of $6.7M (revenue +8.3% year-over-year).
- 2015: Revenue of $1.2M, expenses of $254K, and assets of $5.6M (revenue +296.7% year-over-year).
- 2014: Revenue of $305K, expenses of $220K, and assets of $4.6M (revenue -32.1% year-over-year).
- 2013: Revenue of $448K, expenses of $175K, and assets of $4.5M (revenue +178.6% year-over-year).
- 2012: Revenue of $161K, expenses of $144K, and assets of $4.2M (revenue -82.6% year-over-year).
- 2011: Revenue of $926K, expenses of $153K, and assets of $4.2M.
Data Sources and Methodology
This transparency report for Harpswell Heritage Land Trust 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.