Maine Cancer Foundation
Maine Cancer Foundation consistently reports 0% officer compensation amidst fluctuating revenues and expenses.
EIN: 10351077 · Falmouth, ME · NTEE: H30Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $3.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $5.6M |
| Transparency Score | 85/100 |
Is Maine Cancer Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Cancer Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Cancer Foundation
Maine Cancer Foundation (EIN: 10351077) is a nonprofit organization based in Falmouth, ME, classified under NTEE code H30Z. The organization reported total revenue of $5.9M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Cancer Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Cancer Foundation is a mid-size nonprofit that has been operating for 49 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$105K |
| Total Assets | $6.9M |
| Total Liabilities | $1.3M |
| Net Assets | $5.6M |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 18.4% |
| Months of Reserves | 25.5 months |
Financial Health Grade: A
In 2023, Maine Cancer Foundation reported a surplus of $105K with revenue exceeding expenses, holds 25.5 months of operating reserves (strong position), has a debt-to-asset ratio of 18.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Maine Cancer Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.6% | +2.3% | +2.8% |
| 2022 | +23.3% | +22.9% | -9.5% |
| 2021 | -46.8% | +21.7% | -5.4% |
| 2020 | +46.5% | -33.8% | +27.3% |
| 2019 | +6.0% | +5.2% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1977 |
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 Cancer Foundation 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Maine Cancer Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $105K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation directly from the organization, which is highly unusual for an organization of its size with revenues often exceeding $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.
Red Flags
The following concerns were identified during AI analysis of Maine Cancer Foundation's IRS 990 filings:
- Significant deficit spending in certain years (e.g., 201712 with expenses $4.8M vs. revenue $3.6M, and 202212 with expenses $3.1M vs. revenue $2.8M).
- Unusually consistent 0% officer compensation, which may warrant further inquiry into how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for Maine Cancer Foundation:
- Consistent reporting of 0% officer compensation, suggesting high efficiency in directing funds to mission.
- Strong asset base, consistently above $6 million, providing financial stability.
- Positive revenue growth in recent years, with 202312 revenue ($3.3M) exceeding expenses ($3.2M).
- Low liabilities relative to assets, indicating good financial health (e.g., 202312 liabilities $1.2M vs. assets $6.8M).
Frequently Asked Questions about Maine Cancer Foundation
Is Maine Cancer Foundation a legitimate charity?
Maine Cancer Foundation (EIN: 10351077) 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: $5.9M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Maine Cancer Foundation spend its money?
Maine Cancer Foundation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Maine Cancer Foundation tax-deductible?
Maine Cancer Foundation is registered as a tax-exempt nonprofit (EIN: 10351077). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Cancer Foundation CEO make?
Maine Cancer Foundation's highest-compensated officer earns $2 annually. The organization reported $5.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Cancer Foundation's spending goes to programs?
Maine Cancer Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Cancer Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Maine Cancer Foundation is above average for NTEE category H30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Cancer Foundation located?
Maine Cancer Foundation is headquartered in Falmouth, Maine and files with the IRS under EIN 10351077. It is classified under NTEE code H30Z.
How many years of IRS 990 filings does Maine Cancer Foundation have?
Maine Cancer Foundation 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 $5.9M in total revenue.
How does Maine Cancer Foundation manage to operate without officer compensation?
The filings consistently show 0% officer compensation, which could imply that executive functions are performed by volunteers, compensated through a related entity, or that the definition of 'officer' for compensation purposes is very narrow. Further investigation into their operational model would be beneficial.
What caused the significant expense increase in 201712 relative to revenue?
In 201712, expenses were $4,835,741 while revenue was $3,664,593, resulting in a substantial deficit. This could be due to a large one-time program expenditure, investment losses, or a temporary dip in fundraising. Without detailed functional expense data, the exact cause is unclear.
Is the organization's asset base growing or shrinking?
The asset base has fluctuated over the years. While it reached a high of $7,806,362 in 202012, it was $6,867,234 in 202312. Overall, it has remained robust, generally above $6 million, indicating financial stability despite some year-to-year variations.
Filing History
IRS 990 filing history for Maine Cancer Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Maine Cancer Foundation's revenue has grown by 93.7%, moving from $1.7M to $3.3M. Total assets increased by 102.4% over the same period, from $3.4M to $6.9M. Total functional expenses rose by 94.5%, from $1.7M to $3.2M. In its most recent filing year (2023), Maine Cancer Foundation reported a surplus of $105K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $6.9M in assets (debt-to-asset ratio: 18.4%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.2M | $6.9M | $1.3M | — | — |
| 2022 | $2.9M | $3.2M | $6.7M | $1.3M | — | — |
| 2021 | $2.3M | $2.6M | $7.4M | $1.0M | — | View 990 |
| 2020 | $4.4M | $2.1M | $7.8M | $1.2M | — | View 990 |
| 2019 | $3.0M | $3.2M | $6.1M | $2.0M | — | View 990 |
| 2018 | $2.8M | $3.0M | $6.2M | $2.2M | — | View 990 |
| 2017 | $3.7M | $4.8M | $6.6M | $2.3M | — | View 990 |
| 2016 | $2.6M | $2.2M | $6.4M | $791K | — | View 990 |
| 2015 | $2.7M | $3.0M | $5.5M | $517K | — | View 990 |
| 2014 | $1.8M | $341K | $6.1M | $454K | — | View 990 |
| 2014 | $3.2M | $2.1M | $5.8M | $1.6M | — | View 990 |
| 2013 | $2.2M | $2.0M | $4.3M | $1.0M | — | View 990 |
| 2012 | $2.0M | $1.7M | $3.7M | $666K | — | View 990 |
| 2011 | $1.7M | $1.7M | $3.4M | $566K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.2M, and assets of $6.9M (revenue +15.6% year-over-year).
- 2022: Revenue of $2.9M, expenses of $3.2M, and assets of $6.7M (revenue +23.3% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.6M, and assets of $7.4M (revenue -46.8% year-over-year).
- 2020: Revenue of $4.4M, expenses of $2.1M, and assets of $7.8M (revenue +46.5% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.2M, and assets of $6.1M (revenue +6.0% year-over-year).
- 2018: Revenue of $2.8M, expenses of $3.0M, and assets of $6.2M (revenue -22.6% year-over-year).
- 2017: Revenue of $3.7M, expenses of $4.8M, and assets of $6.6M (revenue +39.5% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.2M, and assets of $6.4M (revenue -1.5% year-over-year).
- 2015: Revenue of $2.7M, expenses of $3.0M, and assets of $5.5M (revenue +47.3% year-over-year).
- 2014: Revenue of $1.8M, expenses of $341K, and assets of $6.1M (revenue -42.6% year-over-year).
- 2014: Revenue of $3.2M, expenses of $2.1M, and assets of $5.8M (revenue +45.4% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.0M, and assets of $4.3M (revenue +7.4% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.7M, and assets of $3.7M (revenue +17.3% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.7M, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Cancer Foundation:
Data Sources and Methodology
This transparency report for Maine Cancer 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.