Maine Aggregate Association Inc
Maine Aggregate Association Inc. maintains consistent financial stability with growing assets and no liabilities.
EIN: 10489636 · Gorham, ME · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $105K |
| Total Expenses | $82K |
| Program Spending | 70% |
| Net Assets | $149K |
| Transparency Score | 85/100 |
Is Maine Aggregate Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Aggregate Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Maine Aggregate Association Inc
Maine Aggregate Association Inc (EIN: 10489636) is a nonprofit organization based in Gorham, ME, classified under NTEE code S41. The organization reported total revenue of $105K and total assets of $171K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Aggregate Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Aggregate Association Inc is a small nonprofit that has been operating for 14 years, with 14 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $93K |
| Total Expenses | $82K |
| Surplus / Deficit | +$12K |
| Total Assets | $149K |
| Net Assets | $149K |
| Operating Margin | 12.4% |
| Months of Reserves | 21.9 months |
Financial Health Grade: A
In 2023, Maine Aggregate Association Inc reported a surplus of $12K with revenue exceeding expenses, holds 21.9 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2008–2023), Maine Aggregate Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.8% | +52.2% | +8.4% |
| 2022 | +33.2% | -15.4% | +58.9% |
| 2021 | +41.0% | +58.9% | +21.1% |
| 2020 | -34.6% | -41.0% | +28.3% |
| 2019 | +21.1% | -4.8% | +45.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2012 |
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 Maine Aggregate Association Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Maine Aggregate Association Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which contributes to lower overhead.
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 Maine Aggregate Association Inc:
- Consistent asset growth, increasing from $55,592 in 2019 to $148,853 in 2023.
- Zero reported liabilities across all filings, indicating strong financial health.
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds or volunteer leadership.
- Regularly files IRS Form 990s, demonstrating transparency.
- Revenue generally exceeds expenses, indicating sound financial management (e.g., 2023: Revenue $93,163, Expenses $81,593).
Frequently Asked Questions about Maine Aggregate Association Inc
Is Maine Aggregate Association Inc a legitimate charity?
Maine Aggregate Association Inc (EIN: 10489636) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $105K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Maine Aggregate Association Inc spend its money?
Maine Aggregate Association Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Maine Aggregate Association Inc tax-deductible?
Maine Aggregate Association Inc is registered as a tax-exempt nonprofit (EIN: 10489636). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Aggregate Association Inc's spending goes to programs?
Maine Aggregate Association Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Maine Aggregate Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Maine Aggregate Association Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Aggregate Association Inc located?
Maine Aggregate Association Inc is headquartered in Gorham, Maine and files with the IRS under EIN 10489636. It is classified under NTEE code S41.
How many years of IRS 990 filings does Maine Aggregate Association Inc have?
Maine Aggregate Association 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 $105K in total revenue.
Is Maine Aggregate Association Inc. financially stable?
Yes, the organization appears financially stable, consistently reporting positive net assets and zero liabilities across all available filings. Assets have grown from $55,592 in 2019 to $148,853 in 2023.
Does Maine Aggregate Association Inc. have high administrative costs?
Without a detailed functional expense breakdown, it's difficult to definitively say. However, the consistent reporting of 0% officer compensation suggests that a significant component of potential administrative costs (executive salaries) is absent, which is a positive indicator for efficiency.
How has the organization's revenue trended over the past few years?
Revenue has fluctuated but generally shown growth, increasing from $55,627 in 2020 to $93,163 in 2023, with a peak of $104,474 in 2022.
What is the organization's liability situation?
The organization consistently reports $0 in liabilities across all available filings, indicating a very strong financial position with no debt.
Filing History
IRS 990 filing history for Maine Aggregate Association Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2008–2023), Maine Aggregate Association Inc's revenue has grown by 171.9%, moving from $34K to $93K. Total assets increased by 1650.2% over the same period, from $9K to $149K. Total functional expenses rose by 98%, from $41K to $82K. In its most recent filing year (2023), Maine Aggregate Association Inc reported a surplus of $12K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $93K | $82K | $149K | $0 | — | — |
| 2022 | $104K | $54K | $137K | $0 | — | — |
| 2021 | $78K | $63K | $86K | $0 | — | View 990 |
| 2020 | $56K | $40K | $71K | $0 | — | — |
| 2019 | $85K | $68K | $56K | $0 | — | View 990 |
| 2018 | $70K | $71K | $38K | $0 | — | View 990 |
| 2017 | $78K | $73K | $39K | $0 | — | View 990 |
| 2016 | $63K | $59K | $34K | $0 | — | View 990 |
| 2015 | $65K | $74K | $30K | $0 | — | View 990 |
| 2014 | $67K | $62K | $38K | $0 | — | View 990 |
| 2013 | $47K | $31K | $33K | $0 | — | View 990 |
| 2012 | $65K | $66K | $16K | $0 | — | View 990 |
| 2011 | $56K | $43K | $17K | $0 | — | — |
| 2008 | $34K | $41K | $9K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $93K, expenses of $82K, and assets of $149K (revenue -10.8% year-over-year).
- 2022: Revenue of $104K, expenses of $54K, and assets of $137K (revenue +33.2% year-over-year).
- 2021: Revenue of $78K, expenses of $63K, and assets of $86K (revenue +41.0% year-over-year).
- 2020: Revenue of $56K, expenses of $40K, and assets of $71K (revenue -34.6% year-over-year).
- 2019: Revenue of $85K, expenses of $68K, and assets of $56K (revenue +21.1% year-over-year).
- 2018: Revenue of $70K, expenses of $71K, and assets of $38K (revenue -10.1% year-over-year).
- 2017: Revenue of $78K, expenses of $73K, and assets of $39K (revenue +24.2% year-over-year).
- 2016: Revenue of $63K, expenses of $59K, and assets of $34K (revenue -3.8% year-over-year).
- 2015: Revenue of $65K, expenses of $74K, and assets of $30K (revenue -2.9% year-over-year).
- 2014: Revenue of $67K, expenses of $62K, and assets of $38K (revenue +42.9% year-over-year).
- 2013: Revenue of $47K, expenses of $31K, and assets of $33K (revenue -27.5% year-over-year).
- 2012: Revenue of $65K, expenses of $66K, and assets of $16K (revenue +15.3% year-over-year).
- 2011: Revenue of $56K, expenses of $43K, and assets of $17K (revenue +64.6% year-over-year).
- 2008: Revenue of $34K, expenses of $41K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Aggregate Association Inc:
Data Sources and Methodology
This transparency report for Maine Aggregate Association 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.