Hour Exchange Portland
Hour Exchange Portland reports zero revenue and assets in its latest filing, indicating potential dormancy or significant operational changes.
EIN: 10496955 · Portland, ME · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $20K |
| Program Spending | 100% |
| Net Assets | $20K |
| Transparency Score | 75/100 |
Is Hour Exchange Portland Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hour Exchange Portland directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hour Exchange Portland
Hour Exchange Portland (EIN: 10496955) is a nonprofit organization based in Portland, ME, classified under NTEE code S20. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hour Exchange Portland's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hour Exchange Portland is a micro nonprofit that has been operating for 31 years, with 3 years of IRS 990 filings on record (2011–2013). Revenue has grown at a compound annual rate of -42.2%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $20K |
| Surplus / Deficit | +$12K |
| Total Assets | $20K |
| Net Assets | $20K |
| Operating Margin | 38.1% |
| Months of Reserves | 11.8 months |
Financial Health Grade: A
In 2013, Hour Exchange Portland reported a surplus of $12K with revenue exceeding expenses, holds 11.8 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2011–2013), Hour Exchange Portland's revenue has declined at a compound annual growth rate (CAGR) of -42.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | -17.6% | -59.5% | +168.4% |
| 2012 | -59.5% | -48.2% | -58.1% |
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 Hour Exchange Portland with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Hour Exchange Portland allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation has been reported across all available filings (2011-2013), suggesting that the organization is either entirely volunteer-run at the executive level or that compensation falls below reporting thresholds, which is highly efficient for a small nonprofit.
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 Hour Exchange Portland's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential inactivity or cessation of operations.
- Significant drop in revenue from $97,399 in 2011 to $0 in the latest period.
Strengths
The following positive indicators were identified for Hour Exchange Portland:
- No reported officer compensation, indicating highly efficient use of funds for executive functions.
- Historically low liabilities ($0 across all filings), suggesting sound financial management in prior periods.
Frequently Asked Questions about Hour Exchange Portland
Is Hour Exchange Portland a legitimate charity?
Hour Exchange Portland (EIN: 10496955) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 3 years of IRS 990 filings on record. 2 red flags identified. 2 strengths noted. Financial health grade: A.
How does Hour Exchange Portland spend its money?
Hour Exchange Portland directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hour Exchange Portland tax-deductible?
Hour Exchange Portland is registered as a tax-exempt nonprofit (EIN: 10496955). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hour Exchange Portland compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hour Exchange Portland is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hour Exchange Portland located?
Hour Exchange Portland is headquartered in Portland, Maine and files with the IRS under EIN 10496955. It is classified under NTEE code S20.
How many years of IRS 990 filings does Hour Exchange Portland have?
Hour Exchange Portland has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Hour Exchange Portland still actively operating given its latest reported $0 revenue and assets?
The latest filing showing $0 revenue and assets suggests the organization may be dormant or has ceased operations. Further investigation beyond the available IRS 990 data would be needed to confirm its current status.
How does Hour Exchange Portland fund its operations without reported revenue or assets in the latest period?
Based on the latest filing, it does not appear to be funding operations. In prior periods, it relied on revenues ranging from $32,499 to $97,399, likely from grants, donations, or membership fees.
What was the primary source of revenue for Hour Exchange Portland in its active years?
The IRS 990 data does not specify the exact sources of revenue, but for a nonprofit of its size, it typically includes contributions, grants, and potentially program service revenue.
Filing History
IRS 990 filing history for Hour Exchange Portland showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2011–2013), Hour Exchange Portland's revenue has declined by 66.6%, moving from $97K to $32K. Total assets increased by 12.4% over the same period, from $18K to $20K. Total functional expenses fell by 79%, from $96K to $20K. In its most recent filing year (2013), Hour Exchange Portland reported a surplus of $12K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $32K | $20K | $20K | $0 | — | View 990 |
| 2012 | $39K | $50K | $7K | $0 | — | View 990 |
| 2011 | $97K | $96K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2013: Revenue of $32K, expenses of $20K, and assets of $20K (revenue -17.6% year-over-year).
- 2012: Revenue of $39K, expenses of $50K, and assets of $7K (revenue -59.5% year-over-year).
- 2011: Revenue of $97K, expenses of $96K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hour Exchange Portland:
Data Sources and Methodology
This transparency report for Hour Exchange Portland 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.