Literacy Volunteers Of Mid Coast Maine
EIN: 364551675 · Owls Head, ME
| Metric | Value |
|---|---|
| Total Expenses | $81K |
| Net Assets | $21K |
Is Literacy Volunteers Of Mid Coast Maine Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Literacy Volunteers Of Mid Coast Maine
Literacy Volunteers Of Mid Coast Maine (EIN: 364551675) is a nonprofit organization based in Owls Head, ME. 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 Literacy Volunteers Of Mid Coast Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literacy Volunteers Of Mid Coast Maine is a micro nonprofit, with 5 years of IRS 990 filings on record (2012–2016). Revenue has grown at a compound annual rate of -14.6%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $46K |
| Total Expenses | $81K |
| Surplus / Deficit | $-34,437 |
| Total Assets | $21K |
| Total Liabilities | $134 |
| Net Assets | $21K |
| Operating Margin | -74.2% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 3.1 months |
Financial Health Grade: B
In 2016, Literacy Volunteers Of Mid Coast Maine reported a deficit of $34K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 5 years of filings (2012–2016), Literacy Volunteers Of Mid Coast Maine's revenue has declined at a compound annual growth rate (CAGR) of -14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -42.7% | +10.7% | -62.0% |
| 2015 | +14.4% | +3.6% | +16.7% |
| 2014 | -2.9% | -7.4% | +0.3% |
| 2013 | -16.6% | +11.8% | -6.2% |
AI Analysis Pending
AI enrichment for Literacy Volunteers Of Mid Coast Maine has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Literacy Volunteers Of Mid Coast Maine with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Literacy Volunteers Of Mid Coast Maine
Is Literacy Volunteers Of Mid Coast Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, Literacy Volunteers Of Mid Coast Maine (EIN: 364551675) insufficient data. 0 red flags identified, 0 strengths noted.
How does Literacy Volunteers Of Mid Coast Maine spend its money?
Detailed spending breakdown data is not yet available for Literacy Volunteers Of Mid Coast Maine. Check back for updated IRS 990 analysis.
Are donations to Literacy Volunteers Of Mid Coast Maine tax-deductible?
Literacy Volunteers Of Mid Coast Maine is registered as a tax-exempt nonprofit (EIN: 364551675). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Literacy Volunteers Of Mid Coast Maine located?
Literacy Volunteers Of Mid Coast Maine is headquartered in Owls Head, Maine and files with the IRS under EIN 364551675.
How many years of IRS 990 filings does Literacy Volunteers Of Mid Coast Maine have?
Literacy Volunteers Of Mid Coast Maine has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Literacy Volunteers Of Mid Coast Maine showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), Literacy Volunteers Of Mid Coast Maine's revenue has declined by 46.9%, moving from $87K to $46K. Total assets decreased by 58.3% over the same period, from $50K to $21K. Total functional expenses rose by 18.7%, from $68K to $81K. In its most recent filing year (2016), Literacy Volunteers Of Mid Coast Maine reported a deficit of $34K, with expenses exceeding revenue. The organization holds $134 in liabilities against $21K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $21K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $46K | $81K | $21K | $134 | — | View 990 |
| 2015 | $81K | $73K | $55K | $1 | — | View 990 |
| 2014 | $71K | $70K | $47K | $73 | — | View 990 |
| 2013 | $73K | $76K | $47K | $185 | — | View 990 |
| 2012 | $87K | $68K | $50K | $82 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $46K, expenses of $81K, and assets of $21K (revenue -42.7% year-over-year).
- 2015: Revenue of $81K, expenses of $73K, and assets of $55K (revenue +14.4% year-over-year).
- 2014: Revenue of $71K, expenses of $70K, and assets of $47K (revenue -2.9% year-over-year).
- 2013: Revenue of $73K, expenses of $76K, and assets of $47K (revenue -16.6% year-over-year).
- 2012: Revenue of $87K, expenses of $68K, and assets of $50K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Literacy Volunteers Of Mid Coast Maine:
Data Sources and Methodology
This transparency report for Literacy Volunteers Of Mid Coast Maine 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.