Iam 3 Rivers Inc
Iam 3 Rivers Inc shows strong revenue growth but experienced a deficit in its latest fiscal period after a significant surplus.
EIN: 10349310 · Orono, ME · NTEE: P700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.7M |
| Total Expenses | $9.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $2.5M |
| Transparency Score | 78/100 |
Is Iam 3 Rivers Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iam 3 Rivers Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iam 3 Rivers Inc
Iam 3 Rivers Inc (EIN: 10349310) is a nonprofit organization based in Orono, ME, classified under NTEE code P700. The organization reported total revenue of $9.7M and total assets of $8.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iam 3 Rivers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iam 3 Rivers Inc is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.1M |
| Total Expenses | $9.7M |
| Surplus / Deficit | $-612,218 |
| Total Assets | $7.9M |
| Total Liabilities | $5.4M |
| Net Assets | $2.5M |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 68.3% |
| Months of Reserves | 9.8 months |
Financial Health Grade: C
In 2023, Iam 3 Rivers Inc reported a deficit of $612K with expenses exceeding revenue, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 68.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Iam 3 Rivers Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.8% | +31.8% | -6.0% |
| 2022 | +93.3% | +45.3% | +36.9% |
| 2021 | -0.6% | -0.9% | -1.8% |
| 2020 | +6.3% | +3.9% | +11.6% |
| 2019 | +18.8% | +18.5% | +12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Iam 3 Rivers Inc with a Mission Score of 78 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Iam 3 Rivers 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $612K, with expenses exceeding revenue.
- Debt-to-asset ratio: 68.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which suggests either that no officers receive compensation or that compensation is reported under different categories, requiring further scrutiny for a complete picture of executive pay relative to the organization's nearly $10 million revenue.
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 Iam 3 Rivers Inc's IRS 990 filings:
- Deficit in the latest fiscal period (202306) where expenses ($9,731,138) exceeded revenue ($9,118,920).
- High liabilities relative to assets, suggesting potential reliance on debt or specific funding structures (e.g., $5,418,723 liabilities vs. $7,935,019 assets in 202306).
- Consistent 0% officer compensation reported across all filings, which may obscure actual executive remuneration if reported elsewhere.
Strengths
The following positive indicators were identified for Iam 3 Rivers Inc:
- Strong and consistent revenue growth over the past decade, from $3.4 million in 2014 to $9.7 million currently.
- Significant asset growth, indicating increased organizational capacity and stability (from $945,131 in 2014 to $8,103,451 currently).
- Demonstrated ability to generate substantial surpluses in prior years, such as the $2.7 million surplus in 202206.
Frequently Asked Questions about Iam 3 Rivers Inc
Is Iam 3 Rivers Inc a legitimate charity?
Iam 3 Rivers Inc (EIN: 10349310) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 78/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.7M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Iam 3 Rivers Inc spend its money?
Iam 3 Rivers Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Iam 3 Rivers Inc tax-deductible?
Iam 3 Rivers Inc is registered as a tax-exempt nonprofit (EIN: 10349310). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Iam 3 Rivers Inc CEO make?
Iam 3 Rivers Inc's highest-compensated officer earns $10 annually. The organization reported $9.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Iam 3 Rivers Inc's spending goes to programs?
Iam 3 Rivers Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Iam 3 Rivers Inc compare to similar nonprofits?
With a transparency score of 78/100 (Good), Iam 3 Rivers Inc is above average for NTEE category P700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Iam 3 Rivers Inc located?
Iam 3 Rivers Inc is headquartered in Orono, Maine and files with the IRS under EIN 10349310. It is classified under NTEE code P700.
How many years of IRS 990 filings does Iam 3 Rivers Inc have?
Iam 3 Rivers 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 $9.7M in total revenue.
What caused the significant expense increase and deficit in the 202306 period?
In the 202306 period, Iam 3 Rivers Inc reported expenses of $9,731,138 against revenues of $9,118,920, resulting in a deficit of $612,218. This contrasts sharply with the prior year's surplus of $2,730,213 and warrants further investigation into the nature of these increased expenditures.
How does Iam 3 Rivers Inc manage its liabilities, which often closely track its assets?
The organization's liabilities have grown in parallel with its assets, for example, $5,418,723 in liabilities against $7,935,019 in assets in 202306. This pattern suggests a potential reliance on debt financing or specific grant structures that create corresponding liabilities, which should be understood for long-term financial stability.
What is the specific nature of the programs funded by Iam 3 Rivers Inc, given its NTEE code P700?
With an NTEE code of P700 (Housing, Shelter), Iam 3 Rivers Inc is likely involved in providing housing or shelter services. Understanding the specific programs and their impact would provide greater insight into the effectiveness of its substantial program spending.
Filing History
IRS 990 filing history for Iam 3 Rivers Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iam 3 Rivers Inc's revenue has grown by 179.7%, moving from $3.3M to $9.1M. Total assets increased by 783.7% over the same period, from $898K to $7.9M. Total functional expenses rose by 202%, from $3.2M to $9.7M. In its most recent filing year (2023), Iam 3 Rivers Inc reported a deficit of $612K, with expenses exceeding revenue. The organization holds $5.4M in liabilities against $7.9M in assets (debt-to-asset ratio: 68.3%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.1M | $9.7M | $7.9M | $5.4M | — | — |
| 2022 | $10.1M | $7.4M | $8.4M | $5.3M | — | View 990 |
| 2021 | $5.2M | $5.1M | $6.2M | $5.9M | — | — |
| 2020 | $5.3M | $5.1M | $6.3M | $6.1M | — | View 990 |
| 2019 | $5.0M | $4.9M | $5.6M | $5.6M | — | View 990 |
| 2018 | $4.2M | $4.2M | $5.0M | $5.0M | — | View 990 |
| 2017 | $3.9M | $3.8M | $3.1M | $3.1M | — | View 990 |
| 2016 | $4.1M | $4.0M | $1.0M | $1.1M | — | View 990 |
| 2015 | $3.5M | $3.5M | $1.1M | $1.3M | — | View 990 |
| 2014 | $3.5M | $3.5M | $945K | $1.1M | — | View 990 |
| 2013 | $3.7M | $3.7M | $999K | $1.2M | — | View 990 |
| 2012 | $3.5M | $3.4M | $1.2M | $1.4M | — | View 990 |
| 2011 | $3.3M | $3.2M | $898K | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.1M, expenses of $9.7M, and assets of $7.9M (revenue -9.8% year-over-year).
- 2022: Revenue of $10.1M, expenses of $7.4M, and assets of $8.4M (revenue +93.3% year-over-year).
- 2021: Revenue of $5.2M, expenses of $5.1M, and assets of $6.2M (revenue -0.6% year-over-year).
- 2020: Revenue of $5.3M, expenses of $5.1M, and assets of $6.3M (revenue +6.3% year-over-year).
- 2019: Revenue of $5.0M, expenses of $4.9M, and assets of $5.6M (revenue +18.8% year-over-year).
- 2018: Revenue of $4.2M, expenses of $4.2M, and assets of $5.0M (revenue +7.6% year-over-year).
- 2017: Revenue of $3.9M, expenses of $3.8M, and assets of $3.1M (revenue -5.5% year-over-year).
- 2016: Revenue of $4.1M, expenses of $4.0M, and assets of $1.0M (revenue +15.6% year-over-year).
- 2015: Revenue of $3.5M, expenses of $3.5M, and assets of $1.1M (revenue +2.2% year-over-year).
- 2014: Revenue of $3.5M, expenses of $3.5M, and assets of $945K (revenue -5.8% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.7M, and assets of $999K (revenue +5.5% year-over-year).
- 2012: Revenue of $3.5M, expenses of $3.4M, and assets of $1.2M (revenue +7.0% year-over-year).
- 2011: Revenue of $3.3M, expenses of $3.2M, and assets of $898K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iam 3 Rivers Inc:
Data Sources and Methodology
This transparency report for Iam 3 Rivers 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.