Maine Crafts Association
Maine Crafts Association: Steady Revenue, Strong Program Focus
EIN: 222495611 · Gardiner, ME · NTEE: A40 · Updated: 2026-04-04
Is Maine Crafts Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Crafts Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Crafts Association
Maine Crafts Association (EIN: 222495611) is a nonprofit organization based in Gardiner, ME, classified under NTEE code A40. The organization reported total revenue of $257K and total assets of $255K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Crafts Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Crafts Association is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $233K |
| Total Expenses | $257K |
| Surplus / Deficit | $-24,229 |
| Total Assets | $242K |
| Total Liabilities | $94K |
| Net Assets | $147K |
| Operating Margin | -10.4% |
| Debt-to-Asset Ratio | 39.0% |
| Months of Reserves | 11.3 months |
Financial Health Grade: B
In 2023, Maine Crafts Association reported a deficit of $24K with expenses exceeding revenue, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 39.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Crafts Association's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.0% | +10.7% | -9.7% |
| 2022 | -64.0% | -70.1% | -12.2% |
| 2021 | +65.1% | +51.3% | -18.8% |
| 2020 | -14.4% | -18.3% | +230.8% |
| 2019 | -2.8% | +11.4% | -26.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Crafts 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Maine Crafts Association 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 deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as specific salary figures for executives are not detailed in the financial filings.
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 Crafts Association's IRS 990 filings:
- Lack of specific executive compensation details in the provided data makes it difficult to fully evaluate leadership costs.
Strengths
The following positive indicators were identified for Maine Crafts Association:
- Consistent revenue generation over several years, indicating stable operations.
- Strong focus on program spending, suggesting effective use of funds towards its mission.
- Healthy asset base relative to liabilities, demonstrating financial stability.
- Significant reduction in liabilities from 2020 to 2023, improving financial health.
Frequently Asked Questions about Maine Crafts Association
Is Maine Crafts Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Crafts Association (EIN: 222495611) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Maine Crafts Association spend its money?
Maine Crafts Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Crafts Association tax-deductible?
Maine Crafts Association is registered as a tax-exempt nonprofit (EIN: 222495611). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Maine Crafts Association do?
Maine Crafts Association is a nonprofit organization in the Arts, Culture & Humanities sector, located in Gardiner, Maine. It is classified under NTEE code A40.
How much revenue does Maine Crafts Association have?
Maine Crafts Association reported total revenue of $256,757. Based on 13 IRS 990 filings on record.
What are Maine Crafts Association's total assets?
Maine Crafts Association holds total assets of $255,023 as reported in IRS 990 filings.
Where is Maine Crafts Association located?
Maine Crafts Association is based in Gardiner, Maine.
What is Maine Crafts Association's EIN?
Maine Crafts Association's Employer Identification Number (EIN) is 222495611. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Maine Crafts Association?
Maine Crafts Association is classified under NTEE code A40 (Arts, Culture & Humanities).
Is Maine Crafts Association a registered 501(c)(3)?
Yes, Maine Crafts Association is recognized as a tax-exempt organization by the IRS. EIN: 222495611.
Does Maine Crafts Association file IRS Form 990?
Yes, Maine Crafts Association has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Maine Crafts Association's revenue in 2023?
In the 202312 filing period, Maine Crafts Association reported total revenue of $233,069, total expenses of $257,298, and net assets of $241,551.
Is Maine Crafts Association's revenue growing or declining?
Maine Crafts Association's revenue is declining. Revenue went from $298,768 (202212) to $233,069 (202312), a -22.0% change. Based on 13 filings on record.
What is Maine Crafts Association's most recent 990 filing?
The most recent IRS Form 990 filing for Maine Crafts Association covers tax period 202312. It shows revenue of $233,069, expenses of $257,298, total assets of $241,551, and liabilities of $94,101.
How much does Maine Crafts Association spend on programs vs administration?
Based on IRS 990 analysis, Maine Crafts Association allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Maine Crafts Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Maine Crafts Association appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 4 strengths noted.
What are the red flags for Maine Crafts Association?
The following concerns were identified: Lack of specific executive compensation details in the provided data makes it difficult to fully evaluate leadership costs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Maine Crafts Association's strengths?
Positive indicators for Maine Crafts Association include: Consistent revenue generation over several years, indicating stable operations.. Strong focus on program spending, suggesting effective use of funds towards its mission.. Healthy asset base relative to liabilities, demonstrating financial stability.. Significant reduction in liabilities from 2020 to 2023, improving financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Maine Crafts Association compensate executives?
Executive compensation cannot be assessed from the provided data, as specific salary figures for executives are not detailed in the financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to significantly reduce its liabilities from $321,223 in 2020 to $94,101 in 2023, and what impact has this had on its operational flexibility?
The substantial reduction in liabilities suggests effective financial management, possibly through debt repayment or improved cash flow. This likely enhances operational flexibility by reducing financial burdens and freeing up resources for programs or reserves.
Given the fluctuation in total assets, what strategies has the Maine Crafts Association employed to maintain its mission-related activities and program spending?
Despite asset fluctuations, the consistent program spending indicates a strategic allocation of resources, possibly through careful budgeting, diversified funding streams, or a focus on core activities that are less dependent on asset growth.
Filing History
IRS 990 filing history for Maine Crafts Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Crafts Association's revenue has declined by 20.9%, moving from $295K to $233K. Total assets increased by 64.8% over the same period, from $147K to $242K. Total functional expenses fell by 53.3%, from $551K to $257K. In its most recent filing year (2023), Maine Crafts Association reported a deficit of $24K, with expenses exceeding revenue. The organization holds $94K in liabilities against $242K in assets (debt-to-asset ratio: 39.0%), resulting in net assets of $147K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $233K | $257K | $242K | $94K | — | View 990 |
| 2022 | $299K | $232K | $268K | $96K | — | View 990 |
| 2021 | $830K | $778K | $305K | $199K | — | View 990 |
| 2020 | $503K | $515K | $375K | $321K | — | View 990 |
| 2019 | $588K | $630K | $113K | $47K | — | View 990 |
| 2018 | $604K | $566K | $155K | $46K | — | View 990 |
| 2017 | $413K | $431K | $100K | $30K | — | View 990 |
| 2016 | $411K | $434K | $132K | $53K | — | View 990 |
| 2015 | $355K | $353K | $119K | $28K | — | View 990 |
| 2014 | $349K | $305K | $131K | $43K | — | View 990 |
| 2013 | $287K | $250K | $133K | $89K | — | View 990 |
| 2012 | $367K | $299K | $116K | $108K | — | View 990 |
| 2011 | $295K | $551K | $147K | $207K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $233K, expenses of $257K, and assets of $242K (revenue -22.0% year-over-year).
- 2022: Revenue of $299K, expenses of $232K, and assets of $268K (revenue -64.0% year-over-year).
- 2021: Revenue of $830K, expenses of $778K, and assets of $305K (revenue +65.1% year-over-year).
- 2020: Revenue of $503K, expenses of $515K, and assets of $375K (revenue -14.4% year-over-year).
- 2019: Revenue of $588K, expenses of $630K, and assets of $113K (revenue -2.8% year-over-year).
- 2018: Revenue of $604K, expenses of $566K, and assets of $155K (revenue +46.4% year-over-year).
- 2017: Revenue of $413K, expenses of $431K, and assets of $100K (revenue +0.5% year-over-year).
- 2016: Revenue of $411K, expenses of $434K, and assets of $132K (revenue +15.7% year-over-year).
- 2015: Revenue of $355K, expenses of $353K, and assets of $119K (revenue +1.9% year-over-year).
- 2014: Revenue of $349K, expenses of $305K, and assets of $131K (revenue +21.6% year-over-year).
- 2013: Revenue of $287K, expenses of $250K, and assets of $133K (revenue -21.8% year-over-year).
- 2012: Revenue of $367K, expenses of $299K, and assets of $116K (revenue +24.6% year-over-year).
- 2011: Revenue of $295K, expenses of $551K, and assets of $147K.
Data Sources and Methodology
This transparency report for Maine Crafts 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.