Herring Gut Coastal Science Center
EIN: 920902723 · Port Clyde, ME · NTEE: C60
| Metric | Value |
|---|---|
| Total Revenue | $517K |
| Total Expenses | $520K |
| Net Assets | $1.4M |
Is Herring Gut Coastal Science Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Herring Gut Coastal Science Center
Herring Gut Coastal Science Center (EIN: 920902723) is a nonprofit organization based in Port Clyde, ME, classified under NTEE code C60. The organization reported total revenue of $517K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Herring Gut Coastal Science Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Herring Gut Coastal Science Center is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2023–2024). Revenue has grown at a compound annual rate of 373.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $599K |
| Total Expenses | $520K |
| Surplus / Deficit | +$78K |
| Total Assets | $1.4M |
| Total Liabilities | $5K |
| Net Assets | $1.4M |
| Operating Margin | 13.1% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 31.5 months |
Financial Health Grade: A
In 2024, Herring Gut Coastal Science Center reported a surplus of $78K with revenue exceeding expenses, holds 31.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 2 years of filings (2023–2024), Herring Gut Coastal Science Center's revenue has grown at a compound annual growth rate (CAGR) of 373.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +373.8% | +114.1% | -13.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Herring Gut Coastal Science Center has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Herring Gut Coastal Science Center with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $78K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Herring Gut Coastal Science Center
Is Herring Gut Coastal Science Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Herring Gut Coastal Science Center (EIN: 920902723) insufficient data. 0 red flags identified, 0 strengths noted.
How does Herring Gut Coastal Science Center spend its money?
Detailed spending breakdown data is not yet available for Herring Gut Coastal Science Center. Check back for updated IRS 990 analysis.
Are donations to Herring Gut Coastal Science Center tax-deductible?
Herring Gut Coastal Science Center is registered as a tax-exempt nonprofit (EIN: 920902723). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Herring Gut Coastal Science Center located?
Herring Gut Coastal Science Center is headquartered in Port Clyde, Maine and files with the IRS under EIN 920902723. It is classified under NTEE code C60.
How many years of IRS 990 filings does Herring Gut Coastal Science Center have?
Herring Gut Coastal Science Center has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $517K in total revenue.
Filing History
IRS 990 filing history for Herring Gut Coastal Science Center showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2024), Herring Gut Coastal Science Center's revenue has grown by 373.8%, moving from $126K to $599K. Total assets decreased by 13.2% over the same period, from $1.6M to $1.4M. Total functional expenses rose by 114.1%, from $243K to $520K. In its most recent filing year (2024), Herring Gut Coastal Science Center reported a surplus of $78K, with revenue exceeding expenses. The organization holds $5K in liabilities against $1.4M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $599K | $520K | $1.4M | $5K | — | — |
| 2023 | $126K | $243K | $1.6M | $163K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Herring Gut Coastal Science Center:
Data Sources and Methodology
This transparency report for Herring Gut Coastal Science Center 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.