Maine & Company
Maine & Company maintains stable finances with no reported officer compensation over the past decade.
EIN: 10504259 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $671K |
| Total Expenses | $614K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $647,071 |
| Net Assets | $496K |
| Transparency Score | 85/100 |
Is Maine & Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine & Company directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine & Company
Maine & Company (EIN: 10504259) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $671K and total assets of $411K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine & Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine & Company is a small nonprofit that has been operating for 30 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $647K |
| Total Expenses | $614K |
| Surplus / Deficit | +$33K |
| Total Assets | $503K |
| Total Liabilities | $7K |
| Net Assets | $496K |
| Operating Margin | 5.1% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2023, Maine & Company reported a surplus of $33K with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Maine & Company's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.0% | +2.3% | +8.4% |
| 2022 | +4.8% | +2.5% | -19.4% |
| 2021 | -12.0% | -13.9% | +32.6% |
| 2020 | +7.7% | -0.7% | -27.1% |
| 2019 | -11.6% | +27.7% | +27.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 & Company 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: 85%
- fundraising: 5%
According to IRS 990 filings, Maine & Company allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Executive Compensation Analysis
Maine & Company consistently reports 0% officer compensation across all 12 available IRS 990 filings, indicating that no portion of its revenue, which was $647,071 in 2023, is allocated to executive salaries.
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 & Company's IRS 990 filings:
- NTEE Code Unknown: Lack of NTEE code makes peer comparison and understanding of mission focus difficult.
- Fluctuating Liabilities: Significant spikes in liabilities in 2019 ($181,250) and 2021 ($142,500) without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Maine & Company:
- Zero Officer Compensation: Consistently reports 0% officer compensation across all filings, indicating strong financial stewardship and mission focus.
- Consistent Revenue Stream: Maintained a revenue stream generally above $500,000 for the past decade, showing financial stability.
- Low Liabilities in Recent Years: Liabilities have been very low in recent years ($6,893 in 2023, $2,769 in 2022), indicating good financial health.
- Stable Asset Base: Maintained a healthy asset base, with $503,306 in 2023, providing a buffer for operations.
Frequently Asked Questions about Maine & Company
Is Maine & Company a legitimate charity?
Maine & Company (EIN: 10504259) 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: $671K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Maine & Company spend its money?
Maine & Company directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine & Company tax-deductible?
Maine & Company is registered as a tax-exempt nonprofit (EIN: 10504259). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine & Company CEO make?
Maine & Company's highest-compensated officer earns $647,071 annually. The organization reported $671K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine & Company's spending goes to programs?
Maine & Company directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine & Company located?
Maine & Company is headquartered in Portland, Maine and files with the IRS under EIN 10504259.
How many years of IRS 990 filings does Maine & Company have?
Maine & Company 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 $671K in total revenue.
Is Maine & Company a good charity?
Based on the available financial data, Maine & Company appears to be a financially stable organization with a strong commitment to transparency, particularly regarding executive compensation. The consistent reporting of 0% officer compensation is a significant positive indicator. However, without knowing the NTEE code and specific program details, a complete assessment of its charitable impact is limited.
What caused the higher liabilities in 2019 and 2021?
The IRS 990 data shows liabilities of $181,250 in 2019 and $142,500 in 2021, significantly higher than other years (e.g., $6,893 in 2023). Further investigation into the specific nature of these liabilities (e.g., loans, deferred revenue, payables) would be necessary to understand their cause and resolution.
How does Maine & Company manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization may rely on volunteer leadership, pro-bono services, or that executive roles are compensated through other means not classified as 'officer compensation' on the 990, or that the organization's structure does not include paid officers in the traditional sense. This is a notable operational model.
Filing History
IRS 990 filing history for Maine & Company showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Maine & Company's revenue has grown by 77.8%, moving from $364K to $647K. Total assets increased by 400.5% over the same period, from $101K to $503K. Total functional expenses rose by 76.9%, from $347K to $614K. In its most recent filing year (2023), Maine & Company reported a surplus of $33K, with revenue exceeding expenses. The organization holds $7K in liabilities against $503K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $496K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $647K | $614K | $503K | $7K | — | View 990 |
| 2022 | $628K | $600K | $464K | $3K | — | View 990 |
| 2021 | $599K | $585K | $576K | $143K | — | View 990 |
| 2020 | $681K | $680K | $434K | $15K | — | — |
| 2019 | $633K | $685K | $596K | $181K | — | View 990 |
| 2018 | $715K | $536K | $467K | $0 | — | View 990 |
| 2017 | $552K | $485K | $288K | $0 | — | View 990 |
| 2016 | $514K | $492K | $220K | $0 | — | View 990 |
| 2015 | $511K | $464K | $195K | $0 | — | View 990 |
| 2014 | $423K | $521K | $149K | $0 | — | View 990 |
| 2013 | $588K | $441K | $247K | $0 | — | View 990 |
| 2012 | $364K | $347K | $101K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $647K, expenses of $614K, and assets of $503K (revenue +3.0% year-over-year).
- 2022: Revenue of $628K, expenses of $600K, and assets of $464K (revenue +4.8% year-over-year).
- 2021: Revenue of $599K, expenses of $585K, and assets of $576K (revenue -12.0% year-over-year).
- 2020: Revenue of $681K, expenses of $680K, and assets of $434K (revenue +7.7% year-over-year).
- 2019: Revenue of $633K, expenses of $685K, and assets of $596K (revenue -11.6% year-over-year).
- 2018: Revenue of $715K, expenses of $536K, and assets of $467K (revenue +29.6% year-over-year).
- 2017: Revenue of $552K, expenses of $485K, and assets of $288K (revenue +7.4% year-over-year).
- 2016: Revenue of $514K, expenses of $492K, and assets of $220K (revenue +0.7% year-over-year).
- 2015: Revenue of $511K, expenses of $464K, and assets of $195K (revenue +20.6% year-over-year).
- 2014: Revenue of $423K, expenses of $521K, and assets of $149K (revenue -27.9% year-over-year).
- 2013: Revenue of $588K, expenses of $441K, and assets of $247K (revenue +61.5% year-over-year).
- 2012: Revenue of $364K, expenses of $347K, and assets of $101K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine & Company:
Data Sources and Methodology
This transparency report for Maine & Company 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.