Jobs For Maines Graduates Inc
Jobs For Maines Graduates Inc shows consistent revenue growth and strong asset accumulation over the past decade.
EIN: 10482628 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.8M |
| Total Expenses | $19.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $15.3M |
| Transparency Score | 88/100 |
Is Jobs For Maines Graduates Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jobs For Maines Graduates Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jobs For Maines Graduates Inc
Jobs For Maines Graduates Inc (EIN: 10482628) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $19.8M and total assets of $19.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jobs For Maines Graduates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jobs For Maines Graduates Inc is a large nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.7M |
| Total Expenses | $19.3M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $18.1M |
| Total Liabilities | $2.7M |
| Net Assets | $15.3M |
| Operating Margin | 7.1% |
| Debt-to-Asset Ratio | 15.1% |
| Months of Reserves | 11.2 months |
Financial Health Grade: A
In 2024, Jobs For Maines Graduates Inc reported a surplus of $1.5M with revenue exceeding expenses, holds 11.2 months of operating reserves (strong position), has a debt-to-asset ratio of 15.1% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Jobs For Maines Graduates Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +13.7% | +11.0% | +2.8% |
| 2023 | +24.2% | +29.9% | +8.3% |
| 2022 | +3.8% | +10.9% | +11.5% |
| 2021 | +8.1% | +0.6% | +16.2% |
| 2020 | -4.4% | +10.7% | +30.7% |
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 Jobs For Maines Graduates 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, Jobs For Maines Graduates 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.1%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all reported periods, suggesting that executive leadership may be volunteer-based or compensated through other means not categorized as 'Officer Comp' in this summary. This lack of reported compensation is unusual for an organization of its size, with revenues exceeding $20 million, and warrants further investigation into the full Form 990 for clarity.
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 Jobs For Maines Graduates Inc's IRS 990 filings:
- Lack of reported officer compensation in summary data, requiring further investigation into full 990 for transparency.
Strengths
The following positive indicators were identified for Jobs For Maines Graduates Inc:
- Consistent and significant revenue growth over the past decade (from $7.8M in 2015 to $20.7M in 2024).
- Strong asset accumulation, increasing from $4.2M in 2015 to $18M in 2024.
- Consistent operational surpluses, with revenues exceeding expenses in all reported periods.
- Demonstrated financial stability and capacity for program expansion.
Frequently Asked Questions about Jobs For Maines Graduates Inc
Is Jobs For Maines Graduates Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jobs For Maines Graduates Inc (EIN: 10482628) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Jobs For Maines Graduates Inc spend its money?
Jobs For Maines Graduates Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jobs For Maines Graduates Inc tax-deductible?
Jobs For Maines Graduates Inc is registered as a tax-exempt nonprofit (EIN: 10482628). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Jobs For Maines Graduates Inc CEO make?
Jobs For Maines Graduates Inc's highest-compensated officer earns $20 annually. The organization reported $19.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Jobs For Maines Graduates Inc's spending goes to programs?
Jobs For Maines Graduates Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Jobs For Maines Graduates Inc located?
Jobs For Maines Graduates Inc is headquartered in Augusta, Maine and files with the IRS under EIN 10482628.
How many years of IRS 990 filings does Jobs For Maines Graduates Inc have?
Jobs For Maines Graduates 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 $19.8M in total revenue.
Is Jobs For Maines Graduates Inc a good charity?
Based on its consistent financial growth, increasing assets, and operational surpluses, Jobs For Maines Graduates Inc appears to be a financially healthy and well-managed organization. Its ability to consistently generate more revenue than expenses suggests effective resource management and a strong capacity to deliver on its mission.
How has the organization's revenue grown over time?
Jobs For Maines Graduates Inc has experienced significant revenue growth, increasing from $7,816,164 in 2015 to $20,730,474 in 2024, representing a substantial increase of over 165% in less than a decade.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, growing from $4,279,060 in 2015 to $18,056,665 in 2024, indicating a healthy accumulation of resources and financial stability.
Are there any concerns about executive compensation?
The summary data consistently reports 0% for officer compensation. While this could indicate a volunteer leadership, it is unusual for an organization of this scale and warrants a closer look at the full Form 990 to understand how leadership is compensated, if at all, and ensure transparency.
Filing History
IRS 990 filing history for Jobs For Maines Graduates Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Jobs For Maines Graduates Inc's revenue has grown by 300.5%, moving from $5.2M to $20.7M. Total assets increased by 583.6% over the same period, from $2.6M to $18.1M. Total functional expenses rose by 278.4%, from $5.1M to $19.3M. In its most recent filing year (2024), Jobs For Maines Graduates Inc reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $18.1M in assets (debt-to-asset ratio: 15.1%), resulting in net assets of $15.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $20.7M | $19.3M | $18.1M | $2.7M | — | View 990 |
| 2023 | $18.2M | $17.4M | $17.6M | $3.8M | — | View 990 |
| 2022 | $14.7M | $13.4M | $16.2M | $1.2M | — | View 990 |
| 2021 | $14.1M | $12.1M | $14.5M | $647K | — | View 990 |
| 2020 | $13.1M | $12.0M | $12.5M | $2.3M | — | View 990 |
| 2019 | $13.7M | $10.8M | $9.6M | $521K | — | View 990 |
| 2018 | $9.8M | $8.8M | $7.1M | $1.0M | — | View 990 |
| 2017 | $9.6M | $8.0M | $5.9M | $842K | — | View 990 |
| 2016 | $7.9M | $7.5M | $4.1M | $961K | — | View 990 |
| 2015 | $7.8M | $7.5M | $4.3M | $1.6M | — | View 990 |
| 2014 | $7.5M | $7.1M | $4.1M | $1.7M | — | View 990 |
| 2013 | $7.2M | $6.4M | $3.5M | $1.6M | — | View 990 |
| 2012 | $5.2M | $5.1M | $2.6M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $20.7M, expenses of $19.3M, and assets of $18.1M (revenue +13.7% year-over-year).
- 2023: Revenue of $18.2M, expenses of $17.4M, and assets of $17.6M (revenue +24.2% year-over-year).
- 2022: Revenue of $14.7M, expenses of $13.4M, and assets of $16.2M (revenue +3.8% year-over-year).
- 2021: Revenue of $14.1M, expenses of $12.1M, and assets of $14.5M (revenue +8.1% year-over-year).
- 2020: Revenue of $13.1M, expenses of $12.0M, and assets of $12.5M (revenue -4.4% year-over-year).
- 2019: Revenue of $13.7M, expenses of $10.8M, and assets of $9.6M (revenue +39.2% year-over-year).
- 2018: Revenue of $9.8M, expenses of $8.8M, and assets of $7.1M (revenue +2.6% year-over-year).
- 2017: Revenue of $9.6M, expenses of $8.0M, and assets of $5.9M (revenue +21.2% year-over-year).
- 2016: Revenue of $7.9M, expenses of $7.5M, and assets of $4.1M (revenue +1.1% year-over-year).
- 2015: Revenue of $7.8M, expenses of $7.5M, and assets of $4.3M (revenue +3.6% year-over-year).
- 2014: Revenue of $7.5M, expenses of $7.1M, and assets of $4.1M (revenue +5.3% year-over-year).
- 2013: Revenue of $7.2M, expenses of $6.4M, and assets of $3.5M (revenue +38.5% year-over-year).
- 2012: Revenue of $5.2M, expenses of $5.1M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jobs For Maines Graduates Inc:
Data Sources and Methodology
This transparency report for Jobs For Maines Graduates 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.