Maine Barrel Racing Association
Maine Barrel Racing Association consistently operates on a small, volunteer-driven budget with no officer compensation.
EIN: 10455162 · Burnham, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8K |
| Total Expenses | $6K |
| Program Spending | 90% |
| Net Assets | $7K |
| Transparency Score | 92/100 |
Is Maine Barrel Racing Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Barrel Racing Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Barrel Racing Association
Maine Barrel Racing Association (EIN: 10455162) is a nonprofit organization based in Burnham, ME. The organization reported total revenue of $8K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Barrel Racing Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Barrel Racing Association is a micro nonprofit that has been operating for 34 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $6K |
| Surplus / Deficit | +$2K |
| Total Assets | $7K |
| Net Assets | $7K |
| Operating Margin | 19.5% |
| Months of Reserves | 12.7 months |
Financial Health Grade: A
In 2022, Maine Barrel Racing Association reported a surplus of $2K with revenue exceeding expenses, holds 12.7 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Maine Barrel Racing Association's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +11.1% | +15.7% | +29.8% |
| 2021 | +99.9% | -2.6% | +45.6% |
| 2020 | -57.0% | -34.8% | -37.0% |
| 2019 | -10.0% | +15.3% | -6.4% |
| 2018 | -0.9% | -2.6% | +38.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Barrel Racing Association with a Mission Score of 92 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Maine Barrel Racing Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
Executive Compensation Analysis
The Maine Barrel Racing Association reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly efficient for a small organization.
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 Barrel Racing Association:
- Zero officer compensation, indicating a volunteer-driven model and high efficiency.
- No reported liabilities across all filings, demonstrating strong financial health.
- Consistent IRS 990 filing history, showing commitment to transparency.
- Stable asset base relative to revenue, indicating sound financial management.
- Expenses closely track revenue, suggesting funds are directly applied to mission.
Frequently Asked Questions about Maine Barrel Racing Association
Is Maine Barrel Racing Association a legitimate charity?
Maine Barrel Racing Association (EIN: 10455162) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $8K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Maine Barrel Racing Association spend its money?
Maine Barrel Racing Association directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Maine Barrel Racing Association tax-deductible?
Maine Barrel Racing Association is registered as a tax-exempt nonprofit (EIN: 10455162). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maine Barrel Racing Association located?
Maine Barrel Racing Association is headquartered in Burnham, Maine and files with the IRS under EIN 10455162.
How many years of IRS 990 filings does Maine Barrel Racing Association have?
Maine Barrel Racing Association has 12 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 $8K in total revenue.
Is Maine Barrel Racing Association a good charity?
Based on its financial data, the Maine Barrel Racing Association appears to be a good charity for its size. It operates with no paid officers, has no liabilities, and consistently files its IRS 990s, demonstrating transparency and efficient use of funds.
How does Maine Barrel Racing Association manage its finances?
The organization manages its finances prudently, maintaining a positive asset balance (e.g., $6,753 in assets in 2022) and no liabilities. Its expenses closely align with its revenue, indicating a focus on immediate program delivery rather than significant reserve accumulation.
What is the primary use of funds for Maine Barrel Racing Association?
Given the 0% officer compensation and small operational budget, the primary use of funds is almost certainly for direct program activities related to barrel racing events, maintenance, or community engagement, with minimal administrative overhead.
Filing History
IRS 990 filing history for Maine Barrel Racing Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Maine Barrel Racing Association's revenue has grown by 17.5%, moving from $7K to $8K. Total assets increased by 82.2% over the same period, from $4K to $7K. Total functional expenses fell by 12.5%, from $7K to $6K. In its most recent filing year (2022), Maine Barrel Racing Association reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $8K | $6K | $7K | $0 | — | — |
| 2021 | $7K | $6K | $5K | $0 | — | — |
| 2020 | $4K | $6K | $4K | $0 | — | View 990 |
| 2019 | $8K | $9K | $6K | $0 | — | View 990 |
| 2018 | $9K | $8K | $6K | $0 | — | View 990 |
| 2017 | $9K | $8K | $4K | $0 | — | View 990 |
| 2016 | $6K | $7K | $3K | $0 | — | View 990 |
| 2015 | $7K | $7K | $4K | $0 | — | View 990 |
| 2014 | $7K | $7K | $4K | $0 | — | View 990 |
| 2013 | $5K | $5K | $3K | $0 | — | View 990 |
| 2012 | $7K | $7K | $4K | $0 | — | View 990 |
| 2011 | $7K | $7K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $8K, expenses of $6K, and assets of $7K (revenue +11.1% year-over-year).
- 2021: Revenue of $7K, expenses of $6K, and assets of $5K (revenue +99.9% year-over-year).
- 2020: Revenue of $4K, expenses of $6K, and assets of $4K (revenue -57.0% year-over-year).
- 2019: Revenue of $8K, expenses of $9K, and assets of $6K (revenue -10.0% year-over-year).
- 2018: Revenue of $9K, expenses of $8K, and assets of $6K (revenue -0.9% year-over-year).
- 2017: Revenue of $9K, expenses of $8K, and assets of $4K (revenue +61.4% year-over-year).
- 2016: Revenue of $6K, expenses of $7K, and assets of $3K (revenue -22.3% year-over-year).
- 2015: Revenue of $7K, expenses of $7K, and assets of $4K (revenue +8.7% year-over-year).
- 2014: Revenue of $7K, expenses of $7K, and assets of $4K (revenue +44.8% year-over-year).
- 2013: Revenue of $5K, expenses of $5K, and assets of $3K (revenue -35.3% year-over-year).
- 2012: Revenue of $7K, expenses of $7K, and assets of $4K (revenue +8.0% year-over-year).
- 2011: Revenue of $7K, expenses of $7K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Barrel Racing Association:
Data Sources and Methodology
This transparency report for Maine Barrel Racing Association 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.