Maine Central Institute
Maine Central Institute shows consistent financial growth and no reported officer compensation over the last decade.
EIN: 10212438 · Pittsfield, ME · NTEE: B250 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.0M |
| Total Expenses | $11.1M |
| Program Spending | 75% |
| Net Assets | $22.5M |
| Transparency Score | 85/100 |
Is Maine Central Institute Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Central Institute directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Central Institute
Maine Central Institute (EIN: 10212438) is a nonprofit organization based in Pittsfield, ME, classified under NTEE code B250. The organization reported total revenue of $12.0M and total assets of $26.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Central Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Central Institute is a large nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.1M |
| Total Expenses | $11.1M |
| Surplus / Deficit | +$3.0M |
| Total Assets | $27.3M |
| Total Liabilities | $4.9M |
| Net Assets | $22.5M |
| Operating Margin | 21.5% |
| Debt-to-Asset Ratio | 17.8% |
| Months of Reserves | 29.6 months |
Financial Health Grade: A
In 2023, Maine Central Institute reported a surplus of $3.0M with revenue exceeding expenses, holds 29.6 months of operating reserves (strong position), has a debt-to-asset ratio of 17.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Central Institute's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.7% | +10.2% | -5.2% |
| 2022 | +9.3% | +2.7% | +4.4% |
| 2021 | +19.6% | +5.3% | +9.1% |
| 2020 | -4.9% | -5.3% | +1.3% |
| 2019 | -7.3% | -6.3% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
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 Central Institute 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Maine Central Institute allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $3.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.8%.
Executive Compensation Analysis
Maine Central Institute consistently reports 0% officer compensation across all available filings, indicating that its top executives are not directly compensated by the organization, which is a strong positive for financial transparency and resource allocation.
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 Central Institute:
- Consistent revenue growth, reaching $14,107,482 in 2023.
- Healthy asset growth from $20,998,469 in 2014 to $27,313,644 in 2023.
- Consistent financial surpluses in recent years, e.g., $3,026,489 in 2023.
- No reported officer compensation, indicating strong financial transparency and resource allocation.
- Manageable liabilities relative to assets, with a liability-to-asset ratio of approximately 17.8% in 2023.
Frequently Asked Questions about Maine Central Institute
Is Maine Central Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Central Institute (EIN: 10212438) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Maine Central Institute spend its money?
Maine Central Institute directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Central Institute tax-deductible?
Maine Central Institute is registered as a tax-exempt nonprofit (EIN: 10212438). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Central Institute's spending goes to programs?
Maine Central Institute directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Central Institute compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Maine Central Institute is above average for NTEE category B250 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Central Institute located?
Maine Central Institute is headquartered in Pittsfield, Maine and files with the IRS under EIN 10212438. It is classified under NTEE code B250.
How many years of IRS 990 filings does Maine Central Institute have?
Maine Central Institute 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 $12.0M in total revenue.
Is Maine Central Institute financially stable?
Yes, Maine Central Institute appears financially stable. Its assets have grown from $20,998,469 in 2014 to $27,313,644 in 2023, and it has consistently generated surpluses in recent years, such as $3,026,489 in 2023.
How has Maine Central Institute's revenue trended?
Maine Central Institute's revenue has shown a positive trend, increasing from $9,887,085 in 2014 to $14,107,482 in 2023, with some fluctuations but an overall upward trajectory.
Does Maine Central Institute pay its officers?
Based on the provided IRS 990 data, Maine Central Institute consistently reports 0% officer compensation across all 13 filings, indicating no direct compensation to its officers.
Filing History
IRS 990 filing history for Maine Central Institute showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Central Institute's revenue has grown by 45.9%, moving from $9.7M to $14.1M. Total assets increased by 56.9% over the same period, from $17.4M to $27.3M. Total functional expenses rose by 10.6%, from $10.0M to $11.1M. In its most recent filing year (2023), Maine Central Institute reported a surplus of $3.0M, with revenue exceeding expenses. The organization holds $4.9M in liabilities against $27.3M in assets (debt-to-asset ratio: 17.8%), resulting in net assets of $22.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.1M | $11.1M | $27.3M | $4.9M | — | — |
| 2022 | $11.7M | $10.1M | $28.8M | $4.4M | — | View 990 |
| 2021 | $10.7M | $9.8M | $27.6M | $4.7M | — | View 990 |
| 2020 | $8.9M | $9.3M | $25.3M | $5.3M | — | View 990 |
| 2019 | $9.4M | $9.8M | $25.0M | $4.5M | — | View 990 |
| 2018 | $10.1M | $10.5M | $25.9M | $5.2M | — | View 990 |
| 2017 | $12.4M | $10.7M | $26.1M | $5.6M | — | View 990 |
| 2016 | $12.8M | $10.9M | $24.0M | $5.7M | — | View 990 |
| 2015 | $11.6M | $9.8M | $22.8M | $6.0M | — | View 990 |
| 2014 | $9.9M | $8.7M | $21.0M | $5.7M | — | View 990 |
| 2013 | $9.6M | $9.1M | $18.9M | $5.4M | — | View 990 |
| 2012 | $12.7M | $10.1M | $18.5M | $5.9M | — | View 990 |
| 2011 | $9.7M | $10.0M | $17.4M | $6.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.1M, expenses of $11.1M, and assets of $27.3M (revenue +20.7% year-over-year).
- 2022: Revenue of $11.7M, expenses of $10.1M, and assets of $28.8M (revenue +9.3% year-over-year).
- 2021: Revenue of $10.7M, expenses of $9.8M, and assets of $27.6M (revenue +19.6% year-over-year).
- 2020: Revenue of $8.9M, expenses of $9.3M, and assets of $25.3M (revenue -4.9% year-over-year).
- 2019: Revenue of $9.4M, expenses of $9.8M, and assets of $25.0M (revenue -7.3% year-over-year).
- 2018: Revenue of $10.1M, expenses of $10.5M, and assets of $25.9M (revenue -18.5% year-over-year).
- 2017: Revenue of $12.4M, expenses of $10.7M, and assets of $26.1M (revenue -2.5% year-over-year).
- 2016: Revenue of $12.8M, expenses of $10.9M, and assets of $24.0M (revenue +10.2% year-over-year).
- 2015: Revenue of $11.6M, expenses of $9.8M, and assets of $22.8M (revenue +17.1% year-over-year).
- 2014: Revenue of $9.9M, expenses of $8.7M, and assets of $21.0M (revenue +2.6% year-over-year).
- 2013: Revenue of $9.6M, expenses of $9.1M, and assets of $18.9M (revenue -24.1% year-over-year).
- 2012: Revenue of $12.7M, expenses of $10.1M, and assets of $18.5M (revenue +31.2% year-over-year).
- 2011: Revenue of $9.7M, expenses of $10.0M, and assets of $17.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Central Institute:
Data Sources and Methodology
This transparency report for Maine Central Institute 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.