Maine Ffa Association
Maine FFA Association maintains zero officer compensation amidst fluctuating annual revenues and expenses.
EIN: 10498293 · Augusta, ME · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $111K |
| Total Expenses | $35K |
| Program Spending | 90% |
| Net Assets | $59K |
| Transparency Score | 85/100 |
Is Maine Ffa Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Ffa Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Ffa Association
Maine Ffa Association (EIN: 10498293) is a nonprofit organization based in Augusta, ME, classified under NTEE code B99. The organization reported total revenue of $111K and total assets of $116K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Ffa Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Ffa Association is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $35K |
| Surplus / Deficit | $-3,698 |
| Total Assets | $59K |
| Net Assets | $59K |
| Operating Margin | -11.7% |
| Months of Reserves | 20.0 months |
Financial Health Grade: B
In 2024, Maine Ffa Association reported a deficit of $4K with expenses exceeding revenue, holds 20.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Maine Ffa Association's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.4% | -45.4% | -5.9% |
| 2023 | -41.8% | +10.3% | -34.8% |
| 2022 | -6.8% | +141.5% | -4.4% |
| 2021 | -28.0% | -54.1% | +51.1% |
| 2020 | +31.6% | +16.8% | +71.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2000 |
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 Ffa 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Maine Ffa Association allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for a nonprofit of its size.
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 Ffa Association's IRS 990 filings:
- Inconsistent annual financial performance with expenses exceeding revenue in multiple recent years (e.g., 2024, 2023, 2022, 2018, 2015).
Strengths
The following positive indicators were identified for Maine Ffa Association:
- Consistent reporting of 0% officer compensation across all filings, indicating strong commitment to mission-related spending.
- Zero reported liabilities across all filings, demonstrating excellent financial solvency and responsible debt management.
- Significant growth in assets over the past decade, from $15,384 in 2015 to $115,967 currently.
- Strong transparency with 13 consistent IRS 990 filings.
Frequently Asked Questions about Maine Ffa Association
Is Maine Ffa Association a legitimate charity?
Maine Ffa Association (EIN: 10498293) 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: $111K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Maine Ffa Association spend its money?
Maine Ffa Association directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Ffa Association tax-deductible?
Maine Ffa Association is registered as a tax-exempt nonprofit (EIN: 10498293). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Ffa Association's spending goes to programs?
Maine Ffa Association directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Ffa Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Maine Ffa Association is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Ffa Association located?
Maine Ffa Association is headquartered in Augusta, Maine and files with the IRS under EIN 10498293. It is classified under NTEE code B99.
How many years of IRS 990 filings does Maine Ffa Association have?
Maine Ffa Association 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 $111K in total revenue.
Is Maine FFA Association financially stable?
Yes, despite annual fluctuations in revenue and expenses (e.g., a deficit of $3,698 in 2024 and $33,229 in 2023), the organization consistently reports $0 in liabilities and has grown its assets from $15,384 in 2015 to $115,967, indicating long-term financial stability and responsible management.
How does Maine FFA Association manage its administrative costs?
The organization reports 0% officer compensation across all 13 filings, suggesting very low or non-existent executive administrative overhead, which is a strong indicator of efficient resource allocation.
Has the organization's financial health improved over time?
Yes, the organization's assets have significantly increased from $15,384 in 2015 to $115,967 currently, demonstrating an improved financial position and ability to build reserves over the long term.
Filing History
IRS 990 filing history for Maine Ffa Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Maine Ffa Association's revenue has declined by 6.4%, moving from $34K to $32K. Total assets increased by 162.1% over the same period, from $22K to $59K. Total functional expenses rose by 0%, from $35K to $35K. In its most recent filing year (2024), Maine Ffa Association reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $32K | $35K | $59K | $0 | — | — |
| 2023 | $32K | $65K | $63K | $0 | — | View 990 |
| 2022 | $54K | $59K | $96K | $0 | — | View 990 |
| 2021 | $58K | $24K | $100K | $0 | — | — |
| 2020 | $81K | $53K | $66K | $0 | — | View 990 |
| 2019 | $61K | $45K | $39K | $0 | — | View 990 |
| 2018 | $37K | $42K | $22K | $0 | — | — |
| 2017 | $43K | $34K | $28K | $0 | — | View 990 |
| 2016 | $41K | $38K | $18K | $0 | — | View 990 |
| 2015 | $35K | $38K | $15K | $0 | — | View 990 |
| 2014 | $36K | $37K | $18K | $0 | — | View 990 |
| 2013 | $34K | $37K | $19K | $0 | — | View 990 |
| 2012 | $34K | $35K | $22K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $32K, expenses of $35K, and assets of $59K (revenue +0.4% year-over-year).
- 2023: Revenue of $32K, expenses of $65K, and assets of $63K (revenue -41.8% year-over-year).
- 2022: Revenue of $54K, expenses of $59K, and assets of $96K (revenue -6.8% year-over-year).
- 2021: Revenue of $58K, expenses of $24K, and assets of $100K (revenue -28.0% year-over-year).
- 2020: Revenue of $81K, expenses of $53K, and assets of $66K (revenue +31.6% year-over-year).
- 2019: Revenue of $61K, expenses of $45K, and assets of $39K (revenue +67.6% year-over-year).
- 2018: Revenue of $37K, expenses of $42K, and assets of $22K (revenue -15.7% year-over-year).
- 2017: Revenue of $43K, expenses of $34K, and assets of $28K (revenue +6.1% year-over-year).
- 2016: Revenue of $41K, expenses of $38K, and assets of $18K (revenue +16.5% year-over-year).
- 2015: Revenue of $35K, expenses of $38K, and assets of $15K (revenue -1.8% year-over-year).
- 2014: Revenue of $36K, expenses of $37K, and assets of $18K (revenue +5.4% year-over-year).
- 2013: Revenue of $34K, expenses of $37K, and assets of $19K (revenue +0.4% year-over-year).
- 2012: Revenue of $34K, expenses of $35K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Ffa Association:
Data Sources and Methodology
This transparency report for Maine Ffa 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.