Homeless Animal Rescue Team Of Maine Inc

Homeless Animal Rescue Team of Maine shows strong asset growth and volunteer leadership amidst volatile revenue.

EIN: 10531093 · Cumberland, ME · NTEE: D20 · Updated: 2026-03-28

$741KRevenue

$3.1MAssets

88/100Mission Score (Excellent)

D20

About Homeless Animal Rescue Team Of Maine Inc

Homeless Animal Rescue Team Of Maine Inc (EIN: 10531093) is a nonprofit organization based in Cumberland, ME, classified under NTEE code D20. The organization reported total revenue of $741K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homeless Animal Rescue Team Of Maine Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Homeless Animal Rescue Team Of Maine Inc (HART) demonstrates a generally stable financial position with significant asset growth over the past decade, from $644,675 in 2014 to $2,855,147 in 2023. However, the organization exhibits considerable year-to-year volatility in revenue, with peaks of $1,637,406 in 2022 and $1,507,943 in 2019, contrasting with lower years like $526,284 in 2023. This fluctuation suggests reliance on large, infrequent donations or grants. Spending efficiency appears reasonable, with expenses generally aligning with or exceeding revenue in some years, indicating active program delivery. The consistent reporting of 0% officer compensation across all filings is a strong indicator of transparency and a volunteer-driven leadership model, which is commendable for a nonprofit of this size.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Homeless Animal Rescue Team Of Maine Inc with a Mission Score of 88 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, Homeless Animal Rescue Team Of Maine 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive team, which is highly efficient and transparent for an organization with assets exceeding $2.8 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.

Red Flags

The following concerns were identified during AI analysis of Homeless Animal Rescue Team Of Maine Inc's IRS 990 filings:

Significant year-over-year revenue volatility, which could impact long-term planning if not managed with reserves.

Strengths

The following positive indicators were identified for Homeless Animal Rescue Team Of Maine Inc:

Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
Substantial asset growth from $644,675 in 2014 to $2,855,147 in 2023, providing financial stability.
Low liabilities across most filing periods, suggesting good financial management.
Active program spending, with expenses often matching or exceeding revenue, indicating direct mission impact.

Frequently Asked Questions about Homeless Animal Rescue Team Of Maine Inc

Is Homeless Animal Rescue Team Of Maine Inc a good charity?

Based on the available data, HART appears to be a good charity. It has shown significant asset growth, operates with a volunteer executive team (0% officer compensation), and consistently incurs expenses, suggesting active program delivery. The financial volatility, while present, doesn't detract from its overall positive indicators.

Why is there such high revenue fluctuation?

The significant swings in revenue, such as $1.6M in 2022 compared to $526K in 2023, could be due to large one-time donations, bequests, or successful capital campaigns in specific years. This pattern is not uncommon for smaller to mid-sized nonprofits.

How does HART manage its expenses relative to revenue?

HART's expenses often closely track or even exceed revenue in some years (e.g., 2023: Revenue $526K, Expenses $714K; 2021: Revenue $538K, Expenses $603K). This indicates that the organization is actively spending on its mission, potentially drawing from reserves during lower revenue years, which is sustainable given its substantial asset base.

Filing History

IRS 990 filing history for Homeless Animal Rescue Team Of Maine Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Homeless Animal Rescue Team Of Maine Inc's revenue has grown by 83.8%, moving from $286K to $526K. Total assets increased by 298.1% over the same period, from $717K to $2.9M. Total functional expenses rose by 143.6%, from $293K to $714K. In its most recent filing year (2023), Homeless Animal Rescue Team Of Maine Inc reported a deficit of $188K, with expenses exceeding revenue. The organization holds $8K in liabilities against $2.9M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $2.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$526K	$714K	$2.9M	$8K	—	—
2022	$1.6M	$652K	$2.8M	$10K	—	—
2021	$538K	$604K	$2.1M	$0	—	View 990
2020	$500K	$710K	$2.1M	$1K	—	View 990
2019	$1.5M	$502K	$2.1M	$1K	—	View 990
2018	$519K	$395K	$1.1M	$1K	—	View 990
2017	$456K	$351K	$928K	$0	—	View 990
2016	$359K	$334K	$824K	$0	—	View 990
2015	$485K	$330K	$799K	$0	—	View 990
2014	$306K	$338K	$645K	$0	—	View 990
2013	$284K	$305K	$677K	$0	—	View 990
2012	$268K	$287K	$698K	$0	—	View 990
2011	$286K	$293K	$717K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $526K, expenses of $714K, and assets of $2.9M (revenue -67.9% year-over-year).
2022: Revenue of $1.6M, expenses of $652K, and assets of $2.8M (revenue +204.3% year-over-year).
2021: Revenue of $538K, expenses of $604K, and assets of $2.1M (revenue +7.6% year-over-year).
2020: Revenue of $500K, expenses of $710K, and assets of $2.1M (revenue -66.9% year-over-year).
2019: Revenue of $1.5M, expenses of $502K, and assets of $2.1M (revenue +190.3% year-over-year).
2018: Revenue of $519K, expenses of $395K, and assets of $1.1M (revenue +14.0% year-over-year).
2017: Revenue of $456K, expenses of $351K, and assets of $928K (revenue +26.9% year-over-year).
2016: Revenue of $359K, expenses of $334K, and assets of $824K (revenue -26.0% year-over-year).
2015: Revenue of $485K, expenses of $330K, and assets of $799K (revenue +58.6% year-over-year).
2014: Revenue of $306K, expenses of $338K, and assets of $645K (revenue +7.7% year-over-year).
2013: Revenue of $284K, expenses of $305K, and assets of $677K (revenue +6.1% year-over-year).
2012: Revenue of $268K, expenses of $287K, and assets of $698K (revenue -6.6% year-over-year).
2011: Revenue of $286K, expenses of $293K, and assets of $717K.

Data Sources and Methodology

This transparency report for Homeless Animal Rescue Team Of Maine 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.