Hospitalitymaine
Hospitalitymaine maintains stable finances with zero officer compensation, despite fluctuating revenues and declining assets.
EIN: 10360869 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $772K |
| Total Expenses | $661K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $600,000 |
| Net Assets | $330K |
| Transparency Score | 85/100 |
Is Hospitalitymaine Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hospitalitymaine directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hospitalitymaine
Hospitalitymaine (EIN: 10360869) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $772K and total assets of $453K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hospitalitymaine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hospitalitymaine is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $674K |
| Total Expenses | $661K |
| Surplus / Deficit | +$14K |
| Total Assets | $472K |
| Total Liabilities | $142K |
| Net Assets | $330K |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 30.0% |
| Months of Reserves | 8.6 months |
Financial Health Grade: A
In 2023, Hospitalitymaine reported a surplus of $14K with revenue exceeding expenses, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 30.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hospitalitymaine's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | -10.5% | -10.3% |
| 2022 | -21.6% | -1.5% | -21.9% |
| 2021 | +66.0% | +5.2% | -3.9% |
| 2020 | -43.5% | -12.3% | +1.3% |
| 2019 | +145.3% | +106.3% | -15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1983 |
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 Hospitalitymaine with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hospitalitymaine allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers do not receive salaries from the organization, which is highly commendable for an organization with annual revenues typically ranging from $600,000 to $800,000.
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 Hospitalitymaine's IRS 990 filings:
- Declining asset base from $700,532 in 2020 to $471,890 in 2023
- Operating deficit in 2022 where expenses ($738,591) exceeded revenue ($646,763)
Strengths
The following positive indicators were identified for Hospitalitymaine:
- Consistent 0% officer compensation across all 13 filings, indicating strong financial integrity and mission focus
- Return to a financial surplus in 2023 ($674,381 revenue vs. $660,800 expenses) after a deficit in 2022
- Significant reduction in liabilities from $313,393 in 2020 to $141,713 in 2023
- Stable revenue generation, generally ranging between $600,000 and $800,000 in recent years
Frequently Asked Questions about Hospitalitymaine
Is Hospitalitymaine a legitimate charity?
Hospitalitymaine (EIN: 10360869) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $772K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Hospitalitymaine spend its money?
Hospitalitymaine directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hospitalitymaine tax-deductible?
Hospitalitymaine is registered as a tax-exempt nonprofit (EIN: 10360869). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hospitalitymaine CEO make?
Hospitalitymaine's highest-compensated officer earns $600,000 annually. The organization reported $772K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hospitalitymaine's spending goes to programs?
Hospitalitymaine directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hospitalitymaine located?
Hospitalitymaine is headquartered in Augusta, Maine and files with the IRS under EIN 10360869.
How many years of IRS 990 filings does Hospitalitymaine have?
Hospitalitymaine 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 $772K in total revenue.
Is Hospitalitymaine a good charity?
Based on the available financial data, Hospitalitymaine appears to be a well-managed organization. The consistent 0% officer compensation is a strong positive indicator of financial integrity and dedication to its mission. While specific program spending ratios are not detailed, the overall financial health and transparency suggest it is a responsible organization.
How has Hospitalitymaine's financial health changed over the past few years?
Hospitalitymaine's financial health has seen some fluctuations. Revenue peaked at $824,980 in 2021 and then decreased to $674,381 in 2023. Assets have declined from $700,532 in 2020 to $471,890 in 2023, while liabilities have also decreased from $313,393 in 2020 to $141,713 in 2023. The organization experienced a deficit in 2022 ($738,591 expenses vs. $646,763 revenue) but returned to a surplus in 2023.
What is the significance of 0% officer compensation?
The 0% officer compensation across all filings is highly significant. It means that the organization's top leadership is not drawing a salary from the nonprofit, which can free up substantial funds for program activities or other operational needs. This practice demonstrates a strong commitment to maximizing resources for the organization's mission and enhances transparency.
Filing History
IRS 990 filing history for Hospitalitymaine showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hospitalitymaine's revenue has grown by 81.9%, moving from $371K to $674K. Total assets decreased by 24% over the same period, from $621K to $472K. Total functional expenses rose by 73%, from $382K to $661K. In its most recent filing year (2023), Hospitalitymaine reported a surplus of $14K, with revenue exceeding expenses. The organization holds $142K in liabilities against $472K in assets (debt-to-asset ratio: 30.0%), resulting in net assets of $330K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $674K | $661K | $472K | $142K | — | — |
| 2022 | $647K | $739K | $526K | $223K | — | View 990 |
| 2021 | $825K | $750K | $673K | $217K | — | View 990 |
| 2020 | $497K | $713K | $701K | $313K | — | View 990 |
| 2019 | $879K | $812K | $691K | $162K | — | — |
| 2018 | $358K | $394K | $823K | $354K | — | View 990 |
| 2017 | $377K | $370K | $431K | $279K | — | View 990 |
| 2016 | $385K | $381K | $343K | $232K | — | View 990 |
| 2015 | $373K | $399K | $329K | $224K | — | View 990 |
| 2014 | $401K | $402K | $530K | $367K | — | View 990 |
| 2013 | $368K | $419K | $565K | $389K | — | View 990 |
| 2012 | $356K | $389K | $600K | $400K | — | View 990 |
| 2011 | $371K | $382K | $621K | $411K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $674K, expenses of $661K, and assets of $472K (revenue +4.3% year-over-year).
- 2022: Revenue of $647K, expenses of $739K, and assets of $526K (revenue -21.6% year-over-year).
- 2021: Revenue of $825K, expenses of $750K, and assets of $673K (revenue +66.0% year-over-year).
- 2020: Revenue of $497K, expenses of $713K, and assets of $701K (revenue -43.5% year-over-year).
- 2019: Revenue of $879K, expenses of $812K, and assets of $691K (revenue +145.3% year-over-year).
- 2018: Revenue of $358K, expenses of $394K, and assets of $823K (revenue -4.9% year-over-year).
- 2017: Revenue of $377K, expenses of $370K, and assets of $431K (revenue -2.3% year-over-year).
- 2016: Revenue of $385K, expenses of $381K, and assets of $343K (revenue +3.5% year-over-year).
- 2015: Revenue of $373K, expenses of $399K, and assets of $329K (revenue -7.1% year-over-year).
- 2014: Revenue of $401K, expenses of $402K, and assets of $530K (revenue +9.0% year-over-year).
- 2013: Revenue of $368K, expenses of $419K, and assets of $565K (revenue +3.3% year-over-year).
- 2012: Revenue of $356K, expenses of $389K, and assets of $600K (revenue -3.9% year-over-year).
- 2011: Revenue of $371K, expenses of $382K, and assets of $621K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hospitalitymaine:
Data Sources and Methodology
This transparency report for Hospitalitymaine 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.