Legal Services For The Elderly Inc
Legal Services For The Elderly Inc shows consistent growth and no officer compensation reported in recent filings.
EIN: 10359131 · Augusta, ME · NTEE: I80Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $2.8M |
| Program Spending | 90% |
| Net Assets | $1.7M |
| Transparency Score | 92/100 |
Is Legal Services For The Elderly Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Legal Services For The Elderly Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Legal Services For The Elderly Inc
Legal Services For The Elderly Inc (EIN: 10359131) is a nonprofit organization based in Augusta, ME, classified under NTEE code I80Z. The organization reported total revenue of $3.5M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legal Services For The Elderly Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legal Services For The Elderly Inc is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$87K |
| Total Assets | $1.8M |
| Total Liabilities | $168K |
| Net Assets | $1.7M |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 9.2% |
| Months of Reserves | 7.9 months |
Financial Health Grade: A
In 2023, Legal Services For The Elderly Inc reported a surplus of $87K with revenue exceeding expenses, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 9.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Legal Services For The Elderly Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.5% | +13.5% | +5.2% |
| 2022 | -6.3% | +4.3% | -5.9% |
| 2021 | +30.5% | +11.2% | -2.4% |
| 2020 | -1.7% | -0.3% | +34.8% |
| 2019 | +2.2% | +4.5% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
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 Legal Services For The Elderly 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, Legal Services For The Elderly 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $87K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a volunteer-led executive structure or that compensation is categorized differently, though the latter is less likely given the consistent reporting.
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 Legal Services For The Elderly Inc's IRS 990 filings:
- Unusually low or 0% officer compensation reported, which might warrant further investigation into how executive leadership is structured and compensated if at all.
Strengths
The following positive indicators were identified for Legal Services For The Elderly Inc:
- Consistent revenue growth over the past decade, from $2,244,700 in 201409 to $2,846,172 in 202309.
- Healthy asset growth, increasing from $1,356,288 in 201409 to $1,820,829 in 202309.
- Expenses are well-managed and generally below or very close to revenue, indicating efficient operations.
- No officer compensation reported across all filings, suggesting a strong commitment to directing funds to programs.
- Positive net income in most recent filing periods, contributing to asset accumulation and financial resilience.
Frequently Asked Questions about Legal Services For The Elderly Inc
Is Legal Services For The Elderly Inc a legitimate charity?
Legal Services For The Elderly Inc (EIN: 10359131) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.5M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Legal Services For The Elderly Inc spend its money?
Legal Services For The Elderly Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Legal Services For The Elderly Inc tax-deductible?
Legal Services For The Elderly Inc is registered as a tax-exempt nonprofit (EIN: 10359131). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Legal Services For The Elderly Inc's spending goes to programs?
Legal Services For The Elderly Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Legal Services For The Elderly Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Legal Services For The Elderly Inc is above average for NTEE category I80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Legal Services For The Elderly Inc located?
Legal Services For The Elderly Inc is headquartered in Augusta, Maine and files with the IRS under EIN 10359131. It is classified under NTEE code I80Z.
How many years of IRS 990 filings does Legal Services For The Elderly Inc have?
Legal Services For The Elderly 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 $3.5M in total revenue.
How does Legal Services For The Elderly Inc manage to operate without officer compensation?
The filings consistently show 0% officer compensation, which could imply a volunteer-led executive team or that executive roles are compensated under different expense categories not explicitly labeled as 'officer compensation' in this summary data. Further investigation into the full 990 forms would be needed to clarify this unique structure.
What is the trend in the organization's net assets?
The organization's net assets have shown a positive trend, growing from $1,356,288 in 201409 to $1,820,829 in 202309, indicating financial stability and growth in its capacity.
Is the organization financially stable given its revenue and expenses?
Yes, the organization appears financially stable. In the 202309 period, revenue ($2,846,172) exceeded expenses ($2,759,043), resulting in a surplus. This trend of revenues generally covering or exceeding expenses is consistent across most years, demonstrating sound financial management.
Filing History
IRS 990 filing history for Legal Services For The Elderly Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Legal Services For The Elderly Inc's revenue has grown by 65.6%, moving from $1.7M to $2.8M. Total assets increased by 62.3% over the same period, from $1.1M to $1.8M. Total functional expenses rose by 62.8%, from $1.7M to $2.8M. In its most recent filing year (2023), Legal Services For The Elderly Inc reported a surplus of $87K, with revenue exceeding expenses. The organization holds $168K in liabilities against $1.8M in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.8M | $1.8M | $168K | — | — |
| 2022 | $2.5M | $2.4M | $1.7M | $164K | — | — |
| 2021 | $2.7M | $2.3M | $1.8M | $348K | — | View 990 |
| 2020 | $2.1M | $2.1M | $1.9M | $739K | — | — |
| 2019 | $2.1M | $2.1M | $1.4M | $209K | — | View 990 |
| 2018 | $2.0M | $2.0M | $1.3M | $121K | — | View 990 |
| 2017 | $2.1M | $2.0M | $1.3M | $122K | — | View 990 |
| 2016 | $1.9M | $1.8M | $1.2M | $154K | — | View 990 |
| 2015 | $1.9M | $1.8M | $1.2M | $200K | — | View 990 |
| 2014 | $2.2M | $1.9M | $1.4M | $474K | — | View 990 |
| 2013 | $1.7M | $1.7M | $1.1M | $486K | — | View 990 |
| 2012 | $1.6M | $1.6M | $1.0M | $456K | — | View 990 |
| 2011 | $1.7M | $1.7M | $1.1M | $554K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.8M, and assets of $1.8M (revenue +13.5% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.4M, and assets of $1.7M (revenue -6.3% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.3M, and assets of $1.8M (revenue +30.5% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.1M, and assets of $1.9M (revenue -1.7% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.1M, and assets of $1.4M (revenue +2.2% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.0M, and assets of $1.3M (revenue -4.8% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.0M, and assets of $1.3M (revenue +14.2% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.8M, and assets of $1.2M (revenue -1.5% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.8M, and assets of $1.2M (revenue -14.9% year-over-year).
- 2014: Revenue of $2.2M, expenses of $1.9M, and assets of $1.4M (revenue +33.3% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.7M, and assets of $1.1M (revenue +7.1% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $1.0M (revenue -8.5% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.7M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legal Services For The Elderly Inc:
Data Sources and Methodology
This transparency report for Legal Services For The Elderly 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.