Katahdin Area Support Group
Katahdin Area Support Group shows strong financial health and asset growth in its latest filing, with minimal expenses.
EIN: 10443818 · Millinocket, ME · NTEE: S80I · Updated: 2026-03-28
About Katahdin Area Support Group
Katahdin Area Support Group (EIN: 10443818) is a nonprofit organization based in Millinocket, ME, classified under NTEE code S80I. 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 Katahdin Area Support Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Katahdin Area Support Group 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: 90%
- fundraising: 0%
According to IRS 990 filings, Katahdin Area Support Group allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based, which significantly reduces administrative overhead for an organization of its size.
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.
Strengths
The following positive indicators were identified for Katahdin Area Support Group:
- Strong financial health with consistent asset growth, reaching $107,989 in 202012.
- Excellent spending efficiency, with expenses ($9,945) being a small percentage of revenue ($67,841) in the latest filing.
- Zero liabilities reported across all filings, indicating strong financial stability and low risk.
- 0% officer compensation, suggesting a volunteer-driven model and efficient use of funds for programs.
- Consistent positive net assets over the past decade.
Frequently Asked Questions about Katahdin Area Support Group
Is Katahdin Area Support Group a good charity?
Based on its financial filings, Katahdin Area Support Group appears to be a well-managed charity. It consistently operates with zero liabilities, and in its latest filing, it spent only $9,945 against $67,841 in revenue, demonstrating excellent financial efficiency and a strong ability to build assets for future programs. The absence of officer compensation further suggests a high dedication to its mission with minimal overhead.
How does Katahdin Area Support Group manage its expenses?
Katahdin Area Support Group demonstrates very prudent expense management. In its 202012 filing, expenses were only $9,945, which is a small fraction of its $67,841 revenue. This indicates a highly efficient operation, likely due to a volunteer-driven model and careful allocation of resources.
What is the trend in Katahdin Area Support Group's assets?
The organization's assets have shown significant growth, particularly in the most recent period. From $29,078 in 201112, assets grew to $50,093 in 201912, and then sharply increased to $107,989 in 202012, indicating strong financial accumulation and stability.
Filing History
IRS 990 filing history for Katahdin Area Support Group showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Katahdin Area Support Group's revenue has grown by 138.8%, moving from $28K to $68K. Total assets increased by 271.4% over the same period, from $29K to $108K. Total functional expenses fell by 67.1%, from $30K to $10K. In its most recent filing year (2020), Katahdin Area Support Group reported a surplus of $58K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2020 | $68K | $10K | $108K | $0 | — | — |
| 2019 | $9K | $15K | $50K | $0 | — | View 990 |
| 2018 | $41K | $16K | $57K | $0 | — | View 990 |
| 2017 | $16K | $20K | $32K | $0 | — | View 990 |
| 2016 | $23K | $16K | $36K | $0 | — | View 990 |
| 2015 | $17K | $18K | $29K | $0 | — | View 990 |
| 2014 | $22K | $20K | $30K | $0 | — | View 990 |
| 2013 | $20K | $22K | $29K | $0 | — | View 990 |
| 2012 | $28K | $27K | $30K | $0 | — | View 990 |
| 2011 | $28K | $30K | $29K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $68K, expenses of $10K, and assets of $108K (revenue +688.6% year-over-year).
- 2019: Revenue of $9K, expenses of $15K, and assets of $50K (revenue -79.1% year-over-year).
- 2018: Revenue of $41K, expenses of $16K, and assets of $57K (revenue +155.5% year-over-year).
- 2017: Revenue of $16K, expenses of $20K, and assets of $32K (revenue -30.8% year-over-year).
- 2016: Revenue of $23K, expenses of $16K, and assets of $36K (revenue +40.3% year-over-year).
- 2015: Revenue of $17K, expenses of $18K, and assets of $29K (revenue -22.8% year-over-year).
- 2014: Revenue of $22K, expenses of $20K, and assets of $30K (revenue +6.1% year-over-year).
- 2013: Revenue of $20K, expenses of $22K, and assets of $29K (revenue -28.1% year-over-year).
- 2012: Revenue of $28K, expenses of $27K, and assets of $30K (revenue -0.7% year-over-year).
- 2011: Revenue of $28K, expenses of $30K, and assets of $29K.
Data Sources and Methodology
This transparency report for Katahdin Area Support Group 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.