Iris Network
Iris Network shows consistent asset growth and stable operations with no reported officer compensation.
EIN: 10196359 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $2.4M |
| Program Spending | 85% |
| Net Assets | $7.6M |
| Transparency Score | 85/100 |
Is Iris Network Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iris Network directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iris Network
Iris Network (EIN: 10196359) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $3.6M and total assets of $10.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iris Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iris Network is a mid-size nonprofit that has been operating for 90 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$197K |
| Total Assets | $9.4M |
| Total Liabilities | $1.8M |
| Net Assets | $7.6M |
| Operating Margin | 7.6% |
| Debt-to-Asset Ratio | 19.3% |
| Months of Reserves | 47.2 months |
Financial Health Grade: A
In 2023, Iris Network reported a surplus of $197K with revenue exceeding expenses, holds 47.2 months of operating reserves (strong position), has a debt-to-asset ratio of 19.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Iris Network's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -63.7% | +7.9% | +2.9% |
| 2022 | +166.4% | +2.9% | +180.7% |
| 2021 | +20.6% | -3.2% | +12.0% |
| 2020 | +4.5% | -4.1% | -11.0% |
| 2019 | -13.8% | -14.8% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1936 |
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 Iris Network 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Iris Network 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 surplus of $197K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.3%.
Executive Compensation Analysis
The Iris Network 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 deeper scrutiny of their Form 990s for full transparency.
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 Iris Network's IRS 990 filings:
- Unexplained significant revenue fluctuation in 2022
- Lack of detailed officer compensation reporting (0% across all filings may indicate reporting under other categories)
Strengths
The following positive indicators were identified for Iris Network:
- Consistent asset growth from $2.1M in 2014 to $9.4M in 2023
- Expenses generally below or close to revenue, indicating responsible financial management
- Long history of IRS 990 filings (14 filings) demonstrating consistent reporting
- Positive net assets (Assets exceed Liabilities) across all reported periods
Frequently Asked Questions about Iris Network
Is Iris Network a legitimate charity?
Iris Network (EIN: 10196359) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.6M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Iris Network spend its money?
Iris Network directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Iris Network tax-deductible?
Iris Network is registered as a tax-exempt nonprofit (EIN: 10196359). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Iris Network's spending goes to programs?
Iris Network directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Iris Network located?
Iris Network is headquartered in Portland, Maine and files with the IRS under EIN 10196359.
How many years of IRS 990 filings does Iris Network have?
Iris Network has 14 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 $3.6M in total revenue.
Is Iris Network a good charity?
Based on the provided data, Iris Network appears to be a financially sound organization with consistent asset growth and responsible spending. The lack of reported officer compensation is a positive sign for resource allocation, though further detail on how executive roles are compensated would provide a more complete picture.
Why was there a significant revenue spike in 2022?
The revenue for Iris Network jumped from $2,683,947 in 2021 to $7,149,596 in 2022, then decreased to $2,596,794 in 2023. This significant fluctuation warrants investigation into the source of this revenue, such as a large grant, capital campaign, or specific program funding, and whether it was a one-time event.
How does Iris Network manage its liabilities?
Liabilities have fluctuated over the years, from $465,284 in 2014 to $1,819,398 in 2023. While assets have grown significantly, understanding the nature of these liabilities and the organization's strategy for managing them is important for long-term financial health.
Filing History
IRS 990 filing history for Iris Network showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Iris Network's revenue has grown by 10.3%, moving from $2.4M to $2.6M. Total assets increased by 318% over the same period, from $2.3M to $9.4M. Total functional expenses fell by 1.7%, from $2.4M to $2.4M. In its most recent filing year (2023), Iris Network reported a surplus of $197K, with revenue exceeding expenses. The organization holds $1.8M in liabilities against $9.4M in assets (debt-to-asset ratio: 19.3%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.4M | $9.4M | $1.8M | — | View 990 |
| 2022 | $7.1M | $2.2M | $9.2M | $1.8M | — | View 990 |
| 2021 | $2.7M | $2.2M | $3.3M | $717K | — | View 990 |
| 2020 | $2.2M | $2.2M | $2.9M | $927K | — | View 990 |
| 2019 | $2.1M | $2.3M | $3.3M | $1.3M | — | View 990 |
| 2018 | $2.5M | $2.7M | $3.3M | $1.2M | — | View 990 |
| 2017 | $2.5M | $2.7M | $3.5M | $1.1M | — | View 990 |
| 2016 | $2.6M | $2.7M | $3.7M | $1.0M | — | View 990 |
| 2015 | $3.5M | $2.4M | $3.9M | $1.1M | — | View 990 |
| 2014 | $2.5M | $2.6M | $2.1M | $465K | — | View 990 |
| 2013 | $2.5M | $2.5M | $2.1M | $310K | — | View 990 |
| 2012 | $2.3M | $2.4M | $2.1M | $352K | — | View 990 |
| 2011 | $552K | $585K | $2.1M | $205K | — | View 990 |
| 2011 | $2.4M | $2.4M | $2.3M | $264K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.4M, and assets of $9.4M (revenue -63.7% year-over-year).
- 2022: Revenue of $7.1M, expenses of $2.2M, and assets of $9.2M (revenue +166.4% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.2M, and assets of $3.3M (revenue +20.6% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.2M, and assets of $2.9M (revenue +4.5% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.3M, and assets of $3.3M (revenue -13.8% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.7M, and assets of $3.3M (revenue -0.5% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.7M, and assets of $3.5M (revenue -2.8% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.7M, and assets of $3.7M (revenue -27.5% year-over-year).
- 2015: Revenue of $3.5M, expenses of $2.4M, and assets of $3.9M (revenue +39.7% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.6M, and assets of $2.1M (revenue +2.9% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.5M, and assets of $2.1M (revenue +8.7% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.4M, and assets of $2.1M (revenue +308.8% year-over-year).
- 2011: Revenue of $552K, expenses of $585K, and assets of $2.1M (revenue -76.5% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.4M, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iris Network:
Data Sources and Methodology
This transparency report for Iris Network 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.