Maine Building Officials And Inspectors Association Inc
Maine Building Officials And Inspectors Association Inc - Transparent and Efficient Use of Funds
EIN: 223201512 · Augusta, ME · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $84K |
| Total Expenses | $75K |
| Program Spending | 55% |
| Net Assets | $27K |
| Transparency Score | 85/100 |
Is Maine Building Officials And Inspectors Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Building Officials And Inspectors Association Inc directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Maine Building Officials And Inspectors Association Inc
Maine Building Officials And Inspectors Association Inc (EIN: 223201512) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $84K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Building Officials And Inspectors Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Building Officials And Inspectors Association Inc is a micro nonprofit that has been operating for 33 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $75K |
| Surplus / Deficit | $-22,556 |
| Total Assets | $38K |
| Total Liabilities | $11K |
| Net Assets | $27K |
| Operating Margin | -43.3% |
| Debt-to-Asset Ratio | 27.7% |
| Months of Reserves | 6.1 months |
Financial Health Grade: B
In 2023, Maine Building Officials And Inspectors Association Inc reported a deficit of $23K with expenses exceeding revenue, holds 6.1 months of operating reserves (strong position), has a debt-to-asset ratio of 27.7% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Maine Building Officials And Inspectors Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.1% | +9.6% | -27.1% |
| 2022 | +83.6% | +73.9% | +11.1% |
| 2021 | +98.5% | +72.0% | +4.0% |
| 2020 | -67.0% | -63.6% | -5.4% |
| 2019 | -17.5% | +7.3% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Building Officials And Inspectors 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: 25%
- programs: 55%
- fundraising: 20%
According to IRS 990 filings, Maine Building Officials And Inspectors Association Inc allocates its expenses as follows: admin: 25%, programs: 55%, fundraising: 20%. Approximately 55% 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 $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.7%.
Executive Compensation Analysis
Executive compensation remains at 0% of total expenses, reflecting a commitment to non-profit governance.
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 Building Officials And Inspectors Association Inc's IRS 990 filings:
- The spending breakdown shows a strong focus on programs, indicating effective use of funds.
- Administrative costs are well-controlled, suggesting efficient operations.
- Balanced fundraising efforts support the organization without compromising on program delivery.
Strengths
The following positive indicators were identified for Maine Building Officials And Inspectors Association Inc:
- High mission score due to efficient use of funds and transparent spending.
Frequently Asked Questions about Maine Building Officials And Inspectors Association Inc
Is Maine Building Officials And Inspectors Association Inc a legitimate charity?
Maine Building Officials And Inspectors Association Inc (EIN: 223201512) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $84K. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Maine Building Officials And Inspectors Association Inc spend its money?
Maine Building Officials And Inspectors Association Inc directs 55% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Maine Building Officials And Inspectors Association Inc tax-deductible?
Maine Building Officials And Inspectors Association Inc is registered as a tax-exempt nonprofit (EIN: 223201512). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Building Officials And Inspectors Association Inc's spending goes to programs?
Maine Building Officials And Inspectors Association Inc directs 55% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Maine Building Officials And Inspectors Association Inc located?
Maine Building Officials And Inspectors Association Inc is headquartered in Augusta, Maine and files with the IRS under EIN 223201512.
How many years of IRS 990 filings does Maine Building Officials And Inspectors Association Inc have?
Maine Building Officials And Inspectors Association Inc 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 $84K in total revenue.
What does Maine Building Officials And Inspectors Association Inc do?
Maine Building Officials And Inspectors Association Inc is a nonprofit organization in the Unknown sector, located in Augusta, Maine. It is classified under NTEE code Unknown.
How much revenue does Maine Building Officials And Inspectors Association Inc have?
Maine Building Officials And Inspectors Association Inc reported total revenue of $83,899. Based on 12 IRS 990 filings on record.
What are Maine Building Officials And Inspectors Association Inc's total assets?
Maine Building Officials And Inspectors Association Inc holds total assets of $48,388 as reported in IRS 990 filings.
Where is Maine Building Officials And Inspectors Association Inc located?
Maine Building Officials And Inspectors Association Inc is based in Augusta, Maine.
What is Maine Building Officials And Inspectors Association Inc's EIN?
Maine Building Officials And Inspectors Association Inc's Employer Identification Number (EIN) is 223201512. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Maine Building Officials And Inspectors Association Inc?
Maine Building Officials And Inspectors Association Inc is classified under NTEE code Unknown (Unknown).
Is Maine Building Officials And Inspectors Association Inc a registered 501(c)(3)?
Maine Building Officials And Inspectors Association Inc appears in IRS records (EIN: 223201512). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Maine Building Officials And Inspectors Association Inc file IRS Form 990?
Yes, Maine Building Officials And Inspectors Association Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Maine Building Officials And Inspectors Association Inc's revenue in 2023?
In the 202312 filing period, Maine Building Officials And Inspectors Association Inc reported total revenue of $52,076, total expenses of $74,632, and net assets of $37,972.
Is Maine Building Officials And Inspectors Association Inc's revenue growing or declining?
Maine Building Officials And Inspectors Association Inc's revenue is declining. Revenue went from $73,404 (202212) to $52,076 (202312), a -29.1% change. Based on 12 filings on record.
What is Maine Building Officials And Inspectors Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Maine Building Officials And Inspectors Association Inc covers tax period 202312. It shows revenue of $52,076, expenses of $74,632, total assets of $37,972, and liabilities of $10,520.
How much does Maine Building Officials And Inspectors Association Inc spend on programs vs administration?
Based on IRS 990 analysis, Maine Building Officials And Inspectors Association Inc allocates approximately 55% of expenses to program services, 25% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Maine Building Officials And Inspectors Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Maine Building Officials And Inspectors Association Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 1 strength noted.
What are the red flags for Maine Building Officials And Inspectors Association Inc?
The following concerns were identified: The spending breakdown shows a strong focus on programs, indicating effective use of funds.. Administrative costs are well-controlled, suggesting efficient operations.. Balanced fundraising efforts support the organization without compromising on program delivery.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Maine Building Officials And Inspectors Association Inc's strengths?
Positive indicators for Maine Building Officials And Inspectors Association Inc include: High mission score due to efficient use of funds and transparent spending.. These findings are derived from AI analysis of the organization's financial filings.
How does Maine Building Officials And Inspectors Association Inc compensate executives?
Executive compensation remains at 0% of total expenses, reflecting a commitment to non-profit governance. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Maine Building Officials And Inspectors Association Inc?
1. Detailed program expenses account for 55% of total spending, showing clear allocation towards core activities. 2. Administrative costs are kept at 25%, indicating efficient management. 3. Fundraising efforts, at 20%, are balanced and do not detract from programmatic goals. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the organization ensure transparency in its spending?
The organization provides detailed financial reports and spending breakdowns, clearly allocating funds to programs, administration, and fundraising. This ensures stakeholders can see how their contributions are being used.
What is the organization's approach to fundraising?
Fundraising efforts are kept at a balanced 20% of total expenses, ensuring that resources are primarily directed towards programmatic activities and core mission goals.
How does the organization manage its administrative costs?
Administrative costs are controlled at 25% of total expenses, demonstrating a commitment to efficient management and effective use of resources.
Filing History
IRS 990 filing history for Maine Building Officials And Inspectors Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Maine Building Officials And Inspectors Association Inc's revenue has grown by 49%, moving from $35K to $52K. Total assets increased by 70.2% over the same period, from $22K to $38K. Total functional expenses rose by 83.4%, from $41K to $75K. In its most recent filing year (2023), Maine Building Officials And Inspectors Association Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $11K in liabilities against $38K in assets (debt-to-asset ratio: 27.7%), resulting in net assets of $27K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52K | $75K | $38K | $11K | — | — |
| 2022 | $73K | $68K | $52K | $2K | — | View 990 |
| 2021 | $40K | $39K | $47K | $2K | — | — |
| 2020 | $20K | $23K | $45K | $1K | — | View 990 |
| 2019 | $61K | $63K | $48K | $1K | — | View 990 |
| 2018 | $74K | $58K | $49K | $1K | — | View 990 |
| 2017 | $66K | $53K | $34K | $1K | — | View 990 |
| 2016 | $76K | $93K | $22K | $2K | — | View 990 |
| 2015 | $67K | $52K | $38K | $2K | — | View 990 |
| 2014 | $45K | $48K | $24K | $2K | — | View 990 |
| 2013 | $51K | $48K | $27K | $3K | — | View 990 |
| 2012 | $35K | $41K | $22K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $52K, expenses of $75K, and assets of $38K (revenue -29.1% year-over-year).
- 2022: Revenue of $73K, expenses of $68K, and assets of $52K (revenue +83.6% year-over-year).
- 2021: Revenue of $40K, expenses of $39K, and assets of $47K (revenue +98.5% year-over-year).
- 2020: Revenue of $20K, expenses of $23K, and assets of $45K (revenue -67.0% year-over-year).
- 2019: Revenue of $61K, expenses of $63K, and assets of $48K (revenue -17.5% year-over-year).
- 2018: Revenue of $74K, expenses of $58K, and assets of $49K (revenue +11.8% year-over-year).
- 2017: Revenue of $66K, expenses of $53K, and assets of $34K (revenue -13.4% year-over-year).
- 2016: Revenue of $76K, expenses of $93K, and assets of $22K (revenue +14.4% year-over-year).
- 2015: Revenue of $67K, expenses of $52K, and assets of $38K (revenue +48.5% year-over-year).
- 2014: Revenue of $45K, expenses of $48K, and assets of $24K (revenue -12.1% year-over-year).
- 2013: Revenue of $51K, expenses of $48K, and assets of $27K (revenue +46.4% year-over-year).
- 2012: Revenue of $35K, expenses of $41K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Building Officials And Inspectors Association Inc:
Data Sources and Methodology
This transparency report for Maine Building Officials And Inspectors 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.