Maine Credit Union League
Maine Credit Union League maintains consistent financial surpluses with no reported officer compensation.
EIN: 10248224 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $1.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.9M |
| Net Assets | $3.8M |
| Transparency Score | 85/100 |
Is Maine Credit Union League Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Credit Union League directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Credit Union League
Maine Credit Union League (EIN: 10248224) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $2.6M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Credit Union League's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Credit Union League is a mid-size nonprofit that has been operating for 56 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$131K |
| Total Assets | $3.9M |
| Total Liabilities | $156K |
| Net Assets | $3.8M |
| Operating Margin | 6.7% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 25.8 months |
Financial Health Grade: A
In 2023, Maine Credit Union League reported a surplus of $131K with revenue exceeding expenses, holds 25.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Credit Union League's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | +8.5% | +4.8% |
| 2022 | +15.9% | +1.5% | +8.1% |
| 2021 | -13.6% | -1.3% | -3.1% |
| 2020 | -23.8% | -24.6% | +0.8% |
| 2019 | +7.4% | -2.2% | +10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1970 |
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 Credit Union League 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 Credit Union League 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $131K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers either serve without compensation or their compensation is not reported in this category, which is highly unusual for an organization of this size ($1.9M+ annual revenue). This suggests a very lean or volunteer-driven leadership structure.
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 Credit Union League's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
- 0% officer compensation is unusual for an organization of this revenue size and could indicate compensation is reported elsewhere or a unique operational model.
Strengths
The following positive indicators were identified for Maine Credit Union League:
- Consistent financial surpluses, indicating responsible fiscal management (e.g., $130,939 surplus in 2023).
- Growing asset base, demonstrating financial health and capacity ($3,941,430 in 2023).
- Very low liabilities relative to assets, suggesting strong solvency ($156,242 liabilities vs. $3,941,430 assets in 2023).
- Reported 0% officer compensation, indicating high transparency or a highly efficient, volunteer-driven leadership.
Frequently Asked Questions about Maine Credit Union League
Is Maine Credit Union League a legitimate charity?
Maine Credit Union League (EIN: 10248224) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.6M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Maine Credit Union League spend its money?
Maine Credit Union League directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Credit Union League tax-deductible?
Maine Credit Union League is registered as a tax-exempt nonprofit (EIN: 10248224). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Credit Union League CEO make?
Maine Credit Union League's highest-compensated officer earns $1.9M annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Credit Union League's spending goes to programs?
Maine Credit Union League directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Credit Union League located?
Maine Credit Union League is headquartered in Portland, Maine and files with the IRS under EIN 10248224.
How many years of IRS 990 filings does Maine Credit Union League have?
Maine Credit Union League 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 $2.6M in total revenue.
Is Maine Credit Union League financially stable?
Yes, the Maine Credit Union League appears financially stable, consistently reporting revenues exceeding expenses (e.g., $1,960,888 revenue vs. $1,829,949 expenses in 2023) and growing assets ($3,941,430 in 2023).
How does the organization manage executive compensation?
The organization reports 0% officer compensation across all available filings, which is a significant indicator of either volunteer leadership or that executive compensation is categorized differently and not reported as 'Officer Comp' on these forms.
Are the organization's assets growing?
Yes, the organization's assets have shown consistent growth, increasing from $3,229,533 in 2018 to $3,941,430 in 2023.
Filing History
IRS 990 filing history for Maine Credit Union League showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Credit Union League's revenue has grown by 8.5%, moving from $1.8M to $2.0M. Total assets increased by 28.4% over the same period, from $3.1M to $3.9M. Total functional expenses rose by 10%, from $1.7M to $1.8M. In its most recent filing year (2023), Maine Credit Union League reported a surplus of $131K, with revenue exceeding expenses. The organization holds $156K in liabilities against $3.9M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.8M | $3.9M | $156K | — | View 990 |
| 2022 | $1.9M | $1.7M | $3.8M | $105K | — | View 990 |
| 2021 | $1.6M | $1.7M | $3.5M | $18K | — | View 990 |
| 2020 | $1.9M | $1.7M | $3.6M | $90K | — | — |
| 2019 | $2.5M | $2.2M | $3.6M | $275K | — | View 990 |
| 2018 | $2.3M | $2.3M | $3.2M | $126K | — | View 990 |
| 2017 | $2.4M | $2.2M | $3.4M | $285K | — | View 990 |
| 2016 | $2.0M | $1.9M | $3.4M | $547K | — | View 990 |
| 2015 | $2.0M | $1.9M | $3.4M | $658K | — | View 990 |
| 2014 | $1.9M | $1.8M | $3.4M | $622K | — | View 990 |
| 2013 | $1.9M | $1.8M | $3.5M | $630K | — | View 990 |
| 2012 | $1.9M | $1.8M | $3.2M | $569K | — | View 990 |
| 2011 | $1.8M | $1.7M | $3.1M | $572K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.8M, and assets of $3.9M (revenue +4.3% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.7M, and assets of $3.8M (revenue +15.9% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.7M, and assets of $3.5M (revenue -13.6% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.7M, and assets of $3.6M (revenue -23.8% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.2M, and assets of $3.6M (revenue +7.4% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.3M, and assets of $3.2M (revenue -2.8% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.2M, and assets of $3.4M (revenue +17.5% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.9M, and assets of $3.4M (revenue +1.9% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.9M, and assets of $3.4M (revenue +4.5% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.8M, and assets of $3.4M (revenue +1.2% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.8M, and assets of $3.5M (revenue -2.6% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.8M, and assets of $3.2M (revenue +5.8% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.7M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Credit Union League:
Data Sources and Methodology
This transparency report for Maine Credit Union League 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.