Lincoln Festival Of The Arts
Lincoln Festival Of The Arts consistently spends more than it earns, drawing down assets despite zero officer compensation.
EIN: 10376358 · Boothbay Hbr, ME · NTEE: A680 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $33K |
| Total Expenses | $45K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $30,000 |
| Net Assets | $180K |
| Transparency Score | 75/100 |
Is Lincoln Festival Of The Arts Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lincoln Festival Of The Arts directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lincoln Festival Of The Arts
Lincoln Festival Of The Arts (EIN: 10376358) is a nonprofit organization based in Boothbay Hbr, ME, classified under NTEE code A680. The organization reported total revenue of $33K and total assets of $180K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lincoln Festival Of The Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lincoln Festival Of The Arts is a micro nonprofit that has been operating for 44 years, with 7 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $33K |
| Total Expenses | $45K |
| Surplus / Deficit | $-11,283 |
| Total Assets | $180K |
| Net Assets | $180K |
| Operating Margin | -33.9% |
| Months of Reserves | 48.4 months |
Financial Health Grade: B
In 2018, Lincoln Festival Of The Arts reported a deficit of $11K with expenses exceeding revenue, holds 48.4 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2011–2018), Lincoln Festival Of The Arts's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +6.0% | -11.7% | -12.0% |
| 2016 | -43.5% | -5.5% | -12.9% |
| 2015 | +14.3% | +1.1% | -2.2% |
| 2014 | -16.9% | -10.7% | -4.2% |
| 2013 | +3.5% | -17.0% | +18.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Lincoln Festival Of The Arts with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Lincoln Festival Of The Arts allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that the organization is likely run by volunteers or has no paid officers, which is highly commendable for an organization of its size with annual revenues around $30,000-$50,000.
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 Lincoln Festival Of The Arts's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent periods, such as $44,568 expenses vs. $33,285 revenue in 2018.
- Declining asset base over time, from $250,031 in 2013 to $179,848 in 2018, due to deficit spending.
Strengths
The following positive indicators were identified for Lincoln Festival Of The Arts:
- Zero officer compensation reported across all filings, indicating a highly volunteer-driven or efficient leadership.
- Consistently reports $0 in liabilities, demonstrating strong financial health and no debt.
- Maintains a significant asset base ($179,848 in 2018) relative to its annual revenue, providing a buffer despite deficit spending.
Frequently Asked Questions about Lincoln Festival Of The Arts
Is Lincoln Festival Of The Arts a legitimate charity?
Based on AI analysis of IRS 990 filings, Lincoln Festival Of The Arts (EIN: 10376358) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Lincoln Festival Of The Arts spend its money?
Lincoln Festival Of The Arts directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lincoln Festival Of The Arts tax-deductible?
Lincoln Festival Of The Arts is registered as a tax-exempt nonprofit (EIN: 10376358). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lincoln Festival Of The Arts CEO make?
Lincoln Festival Of The Arts's highest-compensated officer earns $30,000 annually. The organization reported $33K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Lincoln Festival Of The Arts compare to similar nonprofits?
With a transparency score of 75/100 (Good), Lincoln Festival Of The Arts is above average for NTEE category A680 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lincoln Festival Of The Arts located?
Lincoln Festival Of The Arts is headquartered in Boothbay Hbr, Maine and files with the IRS under EIN 10376358. It is classified under NTEE code A680.
How many years of IRS 990 filings does Lincoln Festival Of The Arts have?
Lincoln Festival Of The Arts has 7 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 $33K in total revenue.
Is Lincoln Festival Of The Arts financially sustainable?
The organization has consistently spent more than its revenue in recent years (e.g., $44,568 expenses vs. $33,285 revenue in 2018), leading to a decline in assets from $250,031 in 2013 to $179,848 in 2018. This trend suggests potential long-term sustainability challenges if not addressed.
How does the organization manage its administrative costs?
With 0% officer compensation reported across all filings, the organization demonstrates extremely low administrative overhead related to executive salaries, suggesting a highly efficient or volunteer-driven administrative structure.
What is the organization's debt situation?
The organization consistently reports $0 in liabilities across all available filings, indicating a strong financial position with no outstanding debt.
Filing History
IRS 990 filing history for Lincoln Festival Of The Arts showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2018), Lincoln Festival Of The Arts's revenue has declined by 9.7%, moving from $37K to $33K. Total assets decreased by 20.3% over the same period, from $226K to $180K. Total functional expenses fell by 5.7%, from $47K to $45K. In its most recent filing year (2018), Lincoln Festival Of The Arts reported a deficit of $11K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $33K | $45K | $180K | $0 | — | View 990 |
| 2016 | $31K | $50K | $204K | $0 | — | View 990 |
| 2015 | $56K | $53K | $234K | $0 | — | View 990 |
| 2014 | $49K | $53K | $240K | $0 | — | View 990 |
| 2013 | $58K | $59K | $250K | $0 | — | View 990 |
| 2012 | $56K | $71K | $211K | $0 | — | View 990 |
| 2011 | $37K | $47K | $226K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $33K, expenses of $45K, and assets of $180K (revenue +6.0% year-over-year).
- 2016: Revenue of $31K, expenses of $50K, and assets of $204K (revenue -43.5% year-over-year).
- 2015: Revenue of $56K, expenses of $53K, and assets of $234K (revenue +14.3% year-over-year).
- 2014: Revenue of $49K, expenses of $53K, and assets of $240K (revenue -16.9% year-over-year).
- 2013: Revenue of $58K, expenses of $59K, and assets of $250K (revenue +3.5% year-over-year).
- 2012: Revenue of $56K, expenses of $71K, and assets of $211K (revenue +53.2% year-over-year).
- 2011: Revenue of $37K, expenses of $47K, and assets of $226K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lincoln Festival Of The Arts:
Data Sources and Methodology
This transparency report for Lincoln Festival Of The Arts 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.