Katahdin Friends Inc
Katahdin Friends Inc. consistently allocates over 90% of expenses to programs with zero reported officer compensation.
EIN: 10267689 · Millinocket, ME · NTEE: P820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.1M |
| Total Expenses | $7.7M |
| Program Spending | 90% |
| Net Assets | $6.0M |
| Transparency Score | 92/100 |
Search Intent Cockpit
Katahdin Friends Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Katahdin Friends Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Katahdin Friends Inc in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $8.0M and expenses of $7.7M.
Revenue and Expenses
Katahdin Friends Inc reported $8.0M in revenue and $7.7M in expenses, a surplus of $325K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
92/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
Is Katahdin Friends Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $6.9M (90%) |
Across stored filings, Katahdin Friends Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 14 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Human Services context |
Trust Check
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Katahdin Friends Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Katahdin Friends Inc
Katahdin Friends Inc (EIN: 10267689) is a nonprofit organization based in Millinocket, ME, classified under NTEE code P820. The organization reported total revenue of $8.1M and total assets of $7.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Katahdin Friends Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Katahdin Friends Inc is a mid-size nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.0M |
| Total Expenses | $7.7M |
| Surplus / Deficit | +$325K |
| Total Assets | $6.9M |
| Total Liabilities | $858K |
| Net Assets | $6.0M |
| Operating Margin | 4.1% |
| Debt-to-Asset Ratio | 12.5% |
| Months of Reserves | 10.7 months |
Financial Health Grade: A
In 2024, Katahdin Friends Inc reported a surplus of $325K with revenue exceeding expenses, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 12.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Katahdin Friends Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.2% | +8.2% | +13.2% |
| 2023 | +5.8% | +3.8% | +30.7% |
| 2022 | +1.8% | +19.4% | -1.4% |
| 2021 | +14.1% | -4.3% | +22.0% |
| 2020 | +2.4% | +0.8% | +44.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2001 |
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 Katahdin Friends Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Katahdin Friends Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $325K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.5%.
Executive Compensation Analysis
Katahdin Friends Inc. consistently reports 0% officer compensation across all available filings, which is highly unusual and suggests either a fully volunteer executive team or compensation structured in a way that is not reported under this category, significantly boosting its transparency and efficiency scores.
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 Katahdin Friends Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation across all filings, which might warrant further investigation into how leadership is compensated if not volunteer-based.
Strengths
The following positive indicators were identified for Katahdin Friends Inc:
- Strong program spending ratio, consistently above 90% in recent years (e.g., 90% in 202406).
- Consistent revenue growth over the past five years, from $6.19 million in 2020 to $8.00 million in 2024.
- Healthy and growing asset base, nearly doubling from $3.86 million in 2020 to $6.86 million in 2024.
- Zero reported officer compensation across all available filings, indicating high efficiency or volunteer leadership.
- Manageable liabilities relative to assets, demonstrating good financial management.
Frequently Asked Questions about Katahdin Friends Inc
Is Katahdin Friends Inc a legitimate charity?
Katahdin Friends Inc (EIN: 10267689) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $8.1M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Katahdin Friends Inc spend its money?
Katahdin Friends Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Katahdin Friends Inc tax-deductible?
Katahdin Friends Inc is registered as a tax-exempt nonprofit (EIN: 10267689). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Katahdin Friends Inc's spending goes to programs?
Katahdin Friends Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Katahdin Friends Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Katahdin Friends Inc is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Katahdin Friends Inc located?
Katahdin Friends Inc is headquartered in Millinocket, Maine and files with the IRS under EIN 10267689. It is classified under NTEE code P820.
How many years of IRS 990 filings does Katahdin Friends Inc have?
Katahdin Friends Inc 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 $8.1M in total revenue.
Is Katahdin Friends Inc. financially stable?
Yes, Katahdin Friends Inc. appears financially stable, with consistent revenue growth from $6.19 million in 2020 to $8.00 million in 2024, and a healthy asset base of $6.86 million in 2024, significantly exceeding its liabilities of $858,332.
How much of Katahdin Friends Inc.'s spending goes to programs?
In the latest filing period (202406), Katahdin Friends Inc. spent approximately 90% of its total expenses ($7,676,143) on program services, indicating a strong focus on its mission.
Does Katahdin Friends Inc. pay its officers?
According to all available IRS 990 filings, Katahdin Friends Inc. reports 0% officer compensation, suggesting that its officers are either volunteers or compensated through other means not classified as officer compensation.
Has Katahdin Friends Inc.'s revenue been growing?
Yes, Katahdin Friends Inc. has shown consistent revenue growth, increasing from $6,192,056 in 2020 to $8,000,647 in 2024.
Filing History
IRS 990 filing history for Katahdin Friends Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Katahdin Friends Inc's revenue has grown by 74.4%, moving from $4.6M to $8.0M. Total assets increased by 283.2% over the same period, from $1.8M to $6.9M. Total functional expenses rose by 71.1%, from $4.5M to $7.7M. In its most recent filing year (2024), Katahdin Friends Inc reported a surplus of $325K, with revenue exceeding expenses. The organization holds $858K in liabilities against $6.9M in assets (debt-to-asset ratio: 12.5%), resulting in net assets of $6.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $8.0M | $7.7M | $6.9M | $858K | — | View 990 |
| 2023 | $7.6M | $7.1M | $6.1M | $956K | — | View 990 |
| 2022 | $7.2M | $6.8M | $4.6M | $414K | — | View 990 |
| 2021 | $7.1M | $5.7M | $4.7M | $313K | — | View 990 |
| 2020 | $6.2M | $6.0M | $3.9M | $1.2M | — | View 990 |
| 2019 | $6.0M | $5.9M | $2.7M | $310K | — | View 990 |
| 2018 | $0 | $5K | $5K | $0 | — | View 990 |
| 2017 | $4.4M | $4.5M | $2.2M | $230K | — | View 990 |
| 2016 | $4.1M | $4.0M | $2.1M | $174K | — | View 990 |
| 2015 | $4.1M | $3.9M | $2.1M | $257K | — | View 990 |
| 2014 | $4.0M | $3.8M | $1.9M | $248K | — | View 990 |
| 2013 | $3.7M | $3.7M | $1.7M | $216K | — | View 990 |
| 2012 | $4.7M | $4.7M | $1.7M | $249K | — | View 990 |
| 2011 | $4.6M | $4.5M | $1.8M | $183K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $8.0M, expenses of $7.7M, and assets of $6.9M (revenue +5.2% year-over-year).
- 2023: Revenue of $7.6M, expenses of $7.1M, and assets of $6.1M (revenue +5.8% year-over-year).
- 2022: Revenue of $7.2M, expenses of $6.8M, and assets of $4.6M (revenue +1.8% year-over-year).
- 2021: Revenue of $7.1M, expenses of $5.7M, and assets of $4.7M (revenue +14.1% year-over-year).
- 2020: Revenue of $6.2M, expenses of $6.0M, and assets of $3.9M (revenue +2.4% year-over-year).
- 2019: Revenue of $6.0M, expenses of $5.9M, and assets of $2.7M.
- 2018: Revenue of $0, expenses of $5K, and assets of $5K (revenue -100.0% year-over-year).
- 2017: Revenue of $4.4M, expenses of $4.5M, and assets of $2.2M (revenue +7.4% year-over-year).
- 2016: Revenue of $4.1M, expenses of $4.0M, and assets of $2.1M (revenue -1.3% year-over-year).
- 2015: Revenue of $4.1M, expenses of $3.9M, and assets of $2.1M (revenue +3.5% year-over-year).
- 2014: Revenue of $4.0M, expenses of $3.8M, and assets of $1.9M (revenue +9.0% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.7M, and assets of $1.7M (revenue -21.5% year-over-year).
- 2012: Revenue of $4.7M, expenses of $4.7M, and assets of $1.7M (revenue +2.1% year-over-year).
- 2011: Revenue of $4.6M, expenses of $4.5M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Katahdin Friends Inc:
Data Sources and Methodology
This transparency report for Katahdin Friends 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.