Harpswell Neck Fire And Rescue Inc
Harpswell Neck Fire And Rescue Inc consistently maintains financial stability with zero executive compensation.
EIN: 10370079 · S Harpswell, ME · NTEE: B99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $297K |
| Total Expenses | $236K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.3 |
| Net Assets | $1.3M |
| Transparency Score | 95/100 |
Is Harpswell Neck Fire And Rescue Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harpswell Neck Fire And Rescue Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harpswell Neck Fire And Rescue Inc
Harpswell Neck Fire And Rescue Inc (EIN: 10370079) is a nonprofit organization based in S Harpswell, ME, classified under NTEE code B99Z. The organization reported total revenue of $297K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harpswell Neck Fire And Rescue Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harpswell Neck Fire And Rescue Inc is a small nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $280K |
| Total Expenses | $236K |
| Surplus / Deficit | +$45K |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | 16.0% |
| Months of Reserves | 67.3 months |
Financial Health Grade: A
In 2023, Harpswell Neck Fire And Rescue Inc reported a surplus of $45K with revenue exceeding expenses, holds 67.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Harpswell Neck Fire And Rescue Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +96.3% | +11.2% | +1.8% |
| 2022 | -47.3% | +5.8% | -3.3% |
| 2021 | -12.0% | +13.1% | +5.6% |
| 2020 | +13.6% | -2.6% | +11.4% |
| 2019 | +74.3% | -4.2% | +8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Neck Fire And Rescue Inc with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Harpswell Neck Fire And Rescue Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $45K, with revenue exceeding expenses.
Executive Compensation Analysis
Harpswell Neck Fire And Rescue Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is highly commendable for an organization of its size with assets exceeding $1.3 million.
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 Neck Fire And Rescue Inc:
- Consistent financial surpluses in most years, contributing to asset growth.
- Zero reported officer compensation across all filings, indicating high efficiency and transparency.
- Healthy and growing asset base, reaching $1,320,459 in 202312.
- Very low or zero liabilities reported consistently, demonstrating strong financial health.
- Effective expense management relative to revenue.
Frequently Asked Questions about Harpswell Neck Fire And Rescue Inc
Is Harpswell Neck Fire And Rescue Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harpswell Neck Fire And Rescue Inc (EIN: 10370079) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Harpswell Neck Fire And Rescue Inc spend its money?
Harpswell Neck Fire And Rescue Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harpswell Neck Fire And Rescue Inc tax-deductible?
Harpswell Neck Fire And Rescue Inc is registered as a tax-exempt nonprofit (EIN: 10370079). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harpswell Neck Fire And Rescue Inc CEO make?
Harpswell Neck Fire And Rescue Inc's highest-compensated officer earns $1.3 annually. The organization reported $297K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Harpswell Neck Fire And Rescue Inc's spending goes to programs?
Harpswell Neck Fire And Rescue Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harpswell Neck Fire And Rescue Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Harpswell Neck Fire And Rescue Inc is above average for NTEE category B99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harpswell Neck Fire And Rescue Inc located?
Harpswell Neck Fire And Rescue Inc is headquartered in S Harpswell, Maine and files with the IRS under EIN 10370079. It is classified under NTEE code B99Z.
How many years of IRS 990 filings does Harpswell Neck Fire And Rescue Inc have?
Harpswell Neck Fire And Rescue 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 $297K in total revenue.
Is Harpswell Neck Fire And Rescue Inc a good charity?
Yes, based on its financial data, Harpswell Neck Fire And Rescue Inc appears to be a very good charity. It consistently manages its finances well, maintains a healthy asset base, and reports zero executive compensation, indicating a strong commitment to its mission.
How does Harpswell Neck Fire And Rescue Inc manage its expenses?
The organization generally manages its expenses effectively, with revenues often exceeding expenses, as seen in 8 of the last 10 years. For example, in 202312, revenues were $280,315 against expenses of $235,570, demonstrating a surplus.
What is the trend in Harpswell Neck Fire And Rescue Inc's assets?
Harpswell Neck Fire And Rescue Inc has shown a consistent upward trend in its assets, growing from $943,057 in 201412 to $1,320,459 in 202312, indicating strong financial growth and stability.
Filing History
IRS 990 filing history for Harpswell Neck Fire And Rescue Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harpswell Neck Fire And Rescue Inc's revenue has grown by 34%, moving from $209K to $280K. Total assets increased by 44.9% over the same period, from $911K to $1.3M. Total functional expenses rose by 16.9%, from $201K to $236K. In its most recent filing year (2023), Harpswell Neck Fire And Rescue Inc reported a surplus of $45K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $280K | $236K | $1.3M | $0 | — | — |
| 2022 | $143K | $212K | $1.3M | $26K | — | View 990 |
| 2021 | $271K | $200K | $1.3M | $1K | — | View 990 |
| 2020 | $308K | $177K | $1.3M | $955 | — | — |
| 2019 | $271K | $182K | $1.1M | $2K | — | View 990 |
| 2018 | $156K | $190K | $1.0M | $0 | — | View 990 |
| 2017 | $218K | $174K | $1.1M | $0 | — | View 990 |
| 2016 | $190K | $150K | $1.0M | $2K | — | View 990 |
| 2015 | $226K | $170K | $999K | $0 | — | View 990 |
| 2014 | $185K | $169K | $943K | $0 | — | View 990 |
| 2013 | $197K | $182K | $941K | $15K | — | View 990 |
| 2012 | $195K | $194K | $913K | $1K | — | View 990 |
| 2011 | $209K | $201K | $911K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $280K, expenses of $236K, and assets of $1.3M (revenue +96.3% year-over-year).
- 2022: Revenue of $143K, expenses of $212K, and assets of $1.3M (revenue -47.3% year-over-year).
- 2021: Revenue of $271K, expenses of $200K, and assets of $1.3M (revenue -12.0% year-over-year).
- 2020: Revenue of $308K, expenses of $177K, and assets of $1.3M (revenue +13.6% year-over-year).
- 2019: Revenue of $271K, expenses of $182K, and assets of $1.1M (revenue +74.3% year-over-year).
- 2018: Revenue of $156K, expenses of $190K, and assets of $1.0M (revenue -28.7% year-over-year).
- 2017: Revenue of $218K, expenses of $174K, and assets of $1.1M (revenue +14.6% year-over-year).
- 2016: Revenue of $190K, expenses of $150K, and assets of $1.0M (revenue -15.7% year-over-year).
- 2015: Revenue of $226K, expenses of $170K, and assets of $999K (revenue +21.8% year-over-year).
- 2014: Revenue of $185K, expenses of $169K, and assets of $943K (revenue -5.7% year-over-year).
- 2013: Revenue of $197K, expenses of $182K, and assets of $941K (revenue +0.6% year-over-year).
- 2012: Revenue of $195K, expenses of $194K, and assets of $913K (revenue -6.6% year-over-year).
- 2011: Revenue of $209K, expenses of $201K, and assets of $911K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harpswell Neck Fire And Rescue Inc:
Data Sources and Methodology
This transparency report for Harpswell Neck Fire And Rescue 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.