Maine Charitable Mechanic Association
Maine Charitable Mechanic Association shows consistent asset growth and no reported officer compensation over the last decade.
EIN: 10248533 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $460K |
| Total Expenses | $319K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.0M |
| Transparency Score | 85/100 |
Is Maine Charitable Mechanic Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Charitable Mechanic Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Charitable Mechanic Association
Maine Charitable Mechanic Association (EIN: 10248533) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $460K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Charitable Mechanic Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Charitable Mechanic Association is a small nonprofit that has been operating for 83 years, with 7 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $307K |
| Total Expenses | $319K |
| Surplus / Deficit | $-11,718 |
| Total Assets | $1.1M |
| Total Liabilities | $70K |
| Net Assets | $1.0M |
| Operating Margin | -3.8% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 41.1 months |
Financial Health Grade: B
In 2021, Maine Charitable Mechanic Association reported a deficit of $12K with expenses exceeding revenue, holds 41.1 months of operating reserves (strong position), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
Over 7 years of filings (2012–2021), Maine Charitable Mechanic Association's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +7.3% | +10.4% | +15.6% |
| 2020 | +72.0% | +152.1% | +27.2% |
| 2016 | +5.6% | +7.0% | -0.3% |
| 2015 | +55.4% | -2.7% | +8.4% |
| 2014 | -49.0% | -10.3% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
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 Charitable Mechanic Association 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: 80%
- fundraising: 5%
According to IRS 990 filings, Maine Charitable Mechanic Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure or that compensation falls below reporting thresholds, which is highly efficient for a nonprofit of its size with assets exceeding $1 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 Charitable Mechanic Association's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering precise efficiency analysis.
Strengths
The following positive indicators were identified for Maine Charitable Mechanic Association:
- Consistent asset growth, demonstrating financial stability (from $620,295 in 2012 to $1,091,134 in 2021).
- No reported officer compensation, indicating highly efficient executive management or volunteer leadership.
- Low liabilities relative to assets, suggesting a strong balance sheet.
- Consistent IRS 990 filings, demonstrating transparency.
Frequently Asked Questions about Maine Charitable Mechanic Association
Is Maine Charitable Mechanic Association a legitimate charity?
Maine Charitable Mechanic Association (EIN: 10248533) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 7 years of IRS 990 filings on record. Total revenue: $460K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Maine Charitable Mechanic Association spend its money?
Maine Charitable Mechanic Association directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Charitable Mechanic Association tax-deductible?
Maine Charitable Mechanic Association is registered as a tax-exempt nonprofit (EIN: 10248533). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Charitable Mechanic Association CEO make?
Maine Charitable Mechanic Association's highest-compensated officer earns $1 annually. The organization reported $460K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Charitable Mechanic Association's spending goes to programs?
Maine Charitable Mechanic Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Charitable Mechanic Association located?
Maine Charitable Mechanic Association is headquartered in Portland, Maine and files with the IRS under EIN 10248533.
How many years of IRS 990 filings does Maine Charitable Mechanic Association have?
Maine Charitable Mechanic Association has 7 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 $460K in total revenue.
What are the primary program activities of the Maine Charitable Mechanic Association?
Based on the financial data, the organization maintains significant assets and manages expenses, but the specific program activities are not detailed in the provided financial summary. Further investigation into their mission statement or annual reports would be necessary.
How does the organization sustain its operations without reported officer compensation?
The absence of reported officer compensation suggests that the organization relies heavily on volunteer leadership or that any compensated roles are below the IRS reporting thresholds for officers, directors, trustees, and key employees, which contributes to low overhead.
What is the trend in the organization's net assets over the past decade?
The organization has shown a strong upward trend in net assets, growing from $620,295 in 2012 to $1,091,134 in 2021, indicating financial stability and growth.
Filing History
IRS 990 filing history for Maine Charitable Mechanic Association showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2012–2021), Maine Charitable Mechanic Association's revenue has grown by 183.5%, moving from $108K to $307K. Total assets increased by 75.9% over the same period, from $620K to $1.1M. Total functional expenses rose by 27.8%, from $249K to $319K. In its most recent filing year (2021), Maine Charitable Mechanic Association reported a deficit of $12K, with expenses exceeding revenue. The organization holds $70K in liabilities against $1.1M in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $307K | $319K | $1.1M | $70K | — | View 990 |
| 2020 | $286K | $289K | $944K | $59K | — | — |
| 2016 | $166K | $114K | $742K | $1K | — | View 990 |
| 2015 | $157K | $107K | $744K | $1K | — | View 990 |
| 2014 | $101K | $110K | $686K | $1K | — | View 990 |
| 2013 | $198K | $123K | $717K | $793 | — | View 990 |
| 2012 | $108K | $249K | $620K | $826 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $307K, expenses of $319K, and assets of $1.1M (revenue +7.3% year-over-year).
- 2020: Revenue of $286K, expenses of $289K, and assets of $944K (revenue +72.0% year-over-year).
- 2016: Revenue of $166K, expenses of $114K, and assets of $742K (revenue +5.6% year-over-year).
- 2015: Revenue of $157K, expenses of $107K, and assets of $744K (revenue +55.4% year-over-year).
- 2014: Revenue of $101K, expenses of $110K, and assets of $686K (revenue -49.0% year-over-year).
- 2013: Revenue of $198K, expenses of $123K, and assets of $717K (revenue +83.3% year-over-year).
- 2012: Revenue of $108K, expenses of $249K, and assets of $620K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Charitable Mechanic Association:
Data Sources and Methodology
This transparency report for Maine Charitable Mechanic 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.