Maine Association Of Nonprofits
Maine Association Of Nonprofits reports a $218,630 deficit in latest fiscal year despite consistent 0% officer compensation.
EIN: 10488538 · Portland, ME · NTEE: S50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $535K |
| Transparency Score | 85/100 |
Is Maine Association Of Nonprofits Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Association Of Nonprofits directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Maine Association Of Nonprofits
Maine Association Of Nonprofits (EIN: 10488538) is a nonprofit organization based in Portland, ME, classified under NTEE code S50. The organization reported total revenue of $1.0M and total assets of $905K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Association Of Nonprofits's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Association Of Nonprofits is a mid-size nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $833K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-218,630 |
| Total Assets | $794K |
| Total Liabilities | $259K |
| Net Assets | $535K |
| Operating Margin | -26.2% |
| Debt-to-Asset Ratio | 32.6% |
| Months of Reserves | 9.1 months |
Financial Health Grade: B
In 2023, Maine Association Of Nonprofits reported a deficit of $219K with expenses exceeding revenue, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 32.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Maine Association Of Nonprofits's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.5% | +16.0% | -17.5% |
| 2022 | +27.4% | +21.0% | +32.8% |
| 2021 | +1.6% | +12.5% | +35.0% |
| 2020 | +6.0% | -15.1% | +76.6% |
| 2019 | +3.6% | +10.2% | +23.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Association Of Nonprofits 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 Association Of Nonprofits 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 deficit of $219K, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.6%.
Executive Compensation Analysis
The Maine Association Of Nonprofits consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees. This is highly commendable for an organization with over $1 million in annual revenue, demonstrating exceptional financial stewardship and a strong commitment to directing resources to its mission.
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 Maine Association Of Nonprofits's IRS 990 filings:
- Operating deficit in the latest fiscal year (202312), with expenses exceeding revenue by $218,630.
- Increase in liabilities from $209,198 in 202212 to $259,229 in 202312, which could indicate growing financial obligations.
Strengths
The following positive indicators were identified for Maine Association Of Nonprofits:
- Consistent 0% officer compensation across all reported filings, demonstrating exceptional financial transparency and efficiency at the leadership level.
- Significant long-term growth in assets, from $153,405 in 201512 to $794,461 in 202312, indicating financial stability and resource accumulation.
- History of strong revenue generation, with revenue exceeding $1 million in 202212 and $800,000 in several other years.
Frequently Asked Questions about Maine Association Of Nonprofits
Is Maine Association Of Nonprofits a legitimate charity?
Maine Association Of Nonprofits (EIN: 10488538) 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: $1.0M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Maine Association Of Nonprofits spend its money?
Maine Association Of Nonprofits directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Maine Association Of Nonprofits tax-deductible?
Maine Association Of Nonprofits is registered as a tax-exempt nonprofit (EIN: 10488538). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Association Of Nonprofits CEO make?
Maine Association Of Nonprofits's highest-compensated officer earns $1 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Association Of Nonprofits's spending goes to programs?
Maine Association Of Nonprofits directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Maine Association Of Nonprofits compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Maine Association Of Nonprofits is above average for NTEE category S50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Association Of Nonprofits located?
Maine Association Of Nonprofits is headquartered in Portland, Maine and files with the IRS under EIN 10488538. It is classified under NTEE code S50.
How many years of IRS 990 filings does Maine Association Of Nonprofits have?
Maine Association Of Nonprofits 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 $1.0M in total revenue.
Is Maine Association Of Nonprofits a good charity?
Based on the available data, Maine Association Of Nonprofits appears to be a good charity, particularly due to its exceptional transparency regarding executive compensation (0% reported) and its history of asset growth. While the latest fiscal year showed an operating deficit, its long-term financial trends and commitment to mission over executive pay are positive indicators.
What caused the deficit in the 202312 fiscal period?
The provided data indicates that in the 202312 period, expenses ($1,051,938) exceeded revenue ($833,308) by $218,630. Without a detailed breakdown of expense categories for that specific year, it's not possible to pinpoint the exact cause, but it suggests either a decrease in funding or an increase in operational costs.
How has the organization's asset base changed over time?
The organization's assets have shown significant growth over the past decade, increasing from $153,405 in 201512 to $794,461 in 202312. This indicates a healthy accumulation of resources, although there was a slight decrease from $963,060 in 202212 to $794,461 in 202312.
Filing History
IRS 990 filing history for Maine Association Of Nonprofits showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Maine Association Of Nonprofits's revenue has declined by 9.1%, moving from $916K to $833K. Total assets increased by 229.7% over the same period, from $241K to $794K. Total functional expenses rose by 22.5%, from $859K to $1.1M. In its most recent filing year (2023), Maine Association Of Nonprofits reported a deficit of $219K, with expenses exceeding revenue. The organization holds $259K in liabilities against $794K in assets (debt-to-asset ratio: 32.6%), resulting in net assets of $535K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $833K | $1.1M | $794K | $259K | — | — |
| 2022 | $1.1M | $907K | $963K | $209K | — | View 990 |
| 2021 | $890K | $750K | $725K | $198K | — | View 990 |
| 2020 | $876K | $667K | $538K | $180K | — | — |
| 2019 | $826K | $785K | $304K | $156K | — | View 990 |
| 2018 | $798K | $713K | $246K | $24K | — | View 990 |
| 2017 | $657K | $679K | $160K | $24K | — | View 990 |
| 2016 | $677K | $651K | $193K | $33K | — | View 990 |
| 2015 | $581K | $676K | $153K | $21K | — | View 990 |
| 2014 | $688K | $625K | $262K | $35K | — | View 990 |
| 2013 | $575K | $639K | $192K | $28K | — | View 990 |
| 2012 | $787K | $757K | $265K | $38K | — | View 990 |
| 2011 | $801K | $777K | $303K | $106K | — | View 990 |
| 2010 | $916K | $859K | $241K | $68K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $833K, expenses of $1.1M, and assets of $794K (revenue -26.5% year-over-year).
- 2022: Revenue of $1.1M, expenses of $907K, and assets of $963K (revenue +27.4% year-over-year).
- 2021: Revenue of $890K, expenses of $750K, and assets of $725K (revenue +1.6% year-over-year).
- 2020: Revenue of $876K, expenses of $667K, and assets of $538K (revenue +6.0% year-over-year).
- 2019: Revenue of $826K, expenses of $785K, and assets of $304K (revenue +3.6% year-over-year).
- 2018: Revenue of $798K, expenses of $713K, and assets of $246K (revenue +21.5% year-over-year).
- 2017: Revenue of $657K, expenses of $679K, and assets of $160K (revenue -3.0% year-over-year).
- 2016: Revenue of $677K, expenses of $651K, and assets of $193K (revenue +16.5% year-over-year).
- 2015: Revenue of $581K, expenses of $676K, and assets of $153K (revenue -15.6% year-over-year).
- 2014: Revenue of $688K, expenses of $625K, and assets of $262K (revenue +19.7% year-over-year).
- 2013: Revenue of $575K, expenses of $639K, and assets of $192K (revenue -27.0% year-over-year).
- 2012: Revenue of $787K, expenses of $757K, and assets of $265K (revenue -1.7% year-over-year).
- 2011: Revenue of $801K, expenses of $777K, and assets of $303K (revenue -12.6% year-over-year).
- 2010: Revenue of $916K, expenses of $859K, and assets of $241K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Association Of Nonprofits:
Data Sources and Methodology
This transparency report for Maine Association Of Nonprofits 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.