Maine Association Of Recovery Residences
EIN: 813043488 · Portland, ME · NTEE: L40
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $648K |
| Net Assets | $87K |
Is Maine Association Of Recovery Residences Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maine Association Of Recovery Residences
Maine Association Of Recovery Residences (EIN: 813043488) is a nonprofit organization based in Portland, ME, classified under NTEE code L40. The organization reported total revenue of $1.3M and total assets of $108K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Association Of Recovery Residences's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Association Of Recovery Residences is a mid-size nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 113.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $658K |
| Total Expenses | $648K |
| Surplus / Deficit | +$10K |
| Total Assets | $88K |
| Total Liabilities | $275 |
| Net Assets | $87K |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 1.6 months |
Financial Health Grade: A
In 2023, Maine Association Of Recovery Residences reported a surplus of $10K with revenue exceeding expenses, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 3 years of filings (2019–2023), Maine Association Of Recovery Residences's revenue has grown at a compound annual growth rate (CAGR) of 113.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +78.3% | +96.7% | +12.8% |
| 2022 | +1058.4% | +1083.0% | +1232.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maine Association Of Recovery Residences 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 Maine Association Of Recovery Residences 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Maine Association Of Recovery Residences
Is Maine Association Of Recovery Residences a legitimate charity?
Maine Association Of Recovery Residences (EIN: 813043488) is a registered tax-exempt nonprofit based in Maine. It has 3 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: A.
How does Maine Association Of Recovery Residences spend its money?
Maine Association Of Recovery Residences reported $1.3M in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Maine Association Of Recovery Residences tax-deductible?
Maine Association Of Recovery Residences is registered as a tax-exempt nonprofit (EIN: 813043488). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maine Association Of Recovery Residences located?
Maine Association Of Recovery Residences is headquartered in Portland, Maine and files with the IRS under EIN 813043488. It is classified under NTEE code L40.
How many years of IRS 990 filings does Maine Association Of Recovery Residences have?
Maine Association Of Recovery Residences has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.3M in total revenue.
Filing History
IRS 990 filing history for Maine Association Of Recovery Residences showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2019–2023), Maine Association Of Recovery Residences's revenue has grown by 1965.2%, moving from $32K to $658K. Total assets increased by 1404.1% over the same period, from $6K to $88K. Total functional expenses rose by 2226.7%, from $28K to $648K. In its most recent filing year (2023), Maine Association Of Recovery Residences reported a surplus of $10K, with revenue exceeding expenses. The organization holds $275 in liabilities against $88K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $87K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $658K | $648K | $88K | $275 | — | — |
| 2022 | $369K | $330K | $78K | $433 | — | View 990 |
| 2019 | $32K | $28K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $658K, expenses of $648K, and assets of $88K (revenue +78.3% year-over-year).
- 2022: Revenue of $369K, expenses of $330K, and assets of $78K (revenue +1058.4% year-over-year).
- 2019: Revenue of $32K, expenses of $28K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Association Of Recovery Residences:
Data Sources and Methodology
This transparency report for Maine Association Of Recovery Residences 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.