Maine Association Of Realtors Foundation
Maine Association Of Realtors Foundation consistently grows assets with zero liabilities and no executive compensation.
EIN: 10445046 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $539K |
| Total Expenses | $274K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.9M |
| Transparency Score | 95/100 |
Is Maine Association Of Realtors Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Association Of Realtors Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Association Of Realtors Foundation
Maine Association Of Realtors Foundation (EIN: 10445046) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $539K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Association Of Realtors Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Association Of Realtors Foundation is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $588K |
| Total Expenses | $274K |
| Surplus / Deficit | +$314K |
| Total Assets | $1.9M |
| Net Assets | $1.9M |
| Operating Margin | 53.4% |
| Months of Reserves | 84.1 months |
Financial Health Grade: A
In 2023, Maine Association Of Realtors Foundation reported a surplus of $314K with revenue exceeding expenses, holds 84.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Maine Association Of Realtors Foundation's revenue has grown at a compound annual growth rate (CAGR) of 19.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +638.6% | +15.6% | +19.5% |
| 2022 | -77.4% | +18.0% | -8.9% |
| 2021 | +16.8% | +47.5% | +9.4% |
| 2020 | -13.2% | -2.0% | +11.4% |
| 2019 | +1484.6% | +9.9% | +16.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1990 |
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 Realtors Foundation with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Maine Association Of Realtors Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $314K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to top executives, which is highly commendable for a nonprofit of its size with assets nearing $2 million.
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 Association Of Realtors Foundation:
- Consistent asset growth (from $1,067,534 in 2014 to $1,920,376 in 2023)
- Zero liabilities reported across all filings, indicating strong financial management
- 0% officer compensation, suggesting high efficiency and direct program focus
- Significant revenue surplus in recent years (e.g., $587,525 revenue vs. $273,940 expenses in 2023)
- Consistent IRS 990 filing history (13 filings), demonstrating transparency
Frequently Asked Questions about Maine Association Of Realtors Foundation
Is Maine Association Of Realtors Foundation a legitimate charity?
Maine Association Of Realtors Foundation (EIN: 10445046) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $539K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Maine Association Of Realtors Foundation spend its money?
Maine Association Of Realtors Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Association Of Realtors Foundation tax-deductible?
Maine Association Of Realtors Foundation is registered as a tax-exempt nonprofit (EIN: 10445046). 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 Realtors Foundation CEO make?
Maine Association Of Realtors Foundation's highest-compensated officer earns $2 annually. The organization reported $539K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Association Of Realtors Foundation's spending goes to programs?
Maine Association Of Realtors Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Association Of Realtors Foundation located?
Maine Association Of Realtors Foundation is headquartered in Augusta, Maine and files with the IRS under EIN 10445046.
How many years of IRS 990 filings does Maine Association Of Realtors Foundation have?
Maine Association Of Realtors Foundation 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 $539K in total revenue.
Is Maine Association Of Realtors Foundation a good charity?
Based on the available financial data, the Maine Association Of Realtors Foundation appears to be a very good charity. They consistently grow assets, maintain zero liabilities, and report no officer compensation, suggesting high efficiency and dedication to their mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved and strengthened over time. Assets have nearly doubled from $1,067,534 in 2014 to $1,920,376 in 2023, and they consistently maintain zero liabilities, indicating excellent financial stewardship.
What is the trend in revenue and expenses?
Revenue has shown variability but a general upward trend, with a notable peak of $587,525 in 2023. Expenses have also increased over time but at a slower rate than revenue growth in recent years, leading to significant surpluses, such as in 2023 where revenue was $587,525 against expenses of $273,940.
Filing History
IRS 990 filing history for Maine Association Of Realtors Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Association Of Realtors Foundation's revenue has grown by 709.4%, moving from $73K to $588K. Total assets increased by 151.6% over the same period, from $763K to $1.9M. Total functional expenses rose by 230%, from $83K to $274K. In its most recent filing year (2023), Maine Association Of Realtors Foundation reported a surplus of $314K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $588K | $274K | $1.9M | $0 | — | — |
| 2022 | $80K | $237K | $1.6M | $0 | — | — |
| 2021 | $352K | $201K | $1.8M | $0 | — | View 990 |
| 2020 | $301K | $136K | $1.6M | $0 | — | View 990 |
| 2019 | $347K | $139K | $1.4M | $0 | — | View 990 |
| 2018 | $22K | $126K | $1.2M | $0 | — | View 990 |
| 2017 | $289K | $90K | $1.3M | $0 | — | View 990 |
| 2016 | $149K | $82K | $1.1M | $0 | — | View 990 |
| 2015 | $104K | $93K | $1.1M | $0 | — | View 990 |
| 2014 | $156K | $87K | $1.1M | $0 | — | View 990 |
| 2013 | $250K | $108K | $999K | $0 | — | View 990 |
| 2012 | $209K | $116K | $857K | $0 | — | View 990 |
| 2011 | $73K | $83K | $763K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $588K, expenses of $274K, and assets of $1.9M (revenue +638.6% year-over-year).
- 2022: Revenue of $80K, expenses of $237K, and assets of $1.6M (revenue -77.4% year-over-year).
- 2021: Revenue of $352K, expenses of $201K, and assets of $1.8M (revenue +16.8% year-over-year).
- 2020: Revenue of $301K, expenses of $136K, and assets of $1.6M (revenue -13.2% year-over-year).
- 2019: Revenue of $347K, expenses of $139K, and assets of $1.4M (revenue +1484.6% year-over-year).
- 2018: Revenue of $22K, expenses of $126K, and assets of $1.2M (revenue -92.4% year-over-year).
- 2017: Revenue of $289K, expenses of $90K, and assets of $1.3M (revenue +93.8% year-over-year).
- 2016: Revenue of $149K, expenses of $82K, and assets of $1.1M (revenue +42.8% year-over-year).
- 2015: Revenue of $104K, expenses of $93K, and assets of $1.1M (revenue -33.1% year-over-year).
- 2014: Revenue of $156K, expenses of $87K, and assets of $1.1M (revenue -37.6% year-over-year).
- 2013: Revenue of $250K, expenses of $108K, and assets of $999K (revenue +19.6% year-over-year).
- 2012: Revenue of $209K, expenses of $116K, and assets of $857K (revenue +187.9% year-over-year).
- 2011: Revenue of $73K, expenses of $83K, and assets of $763K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Association Of Realtors Foundation:
Data Sources and Methodology
This transparency report for Maine Association Of Realtors Foundation 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.