Maine Fiberarts
Maine Fiberarts operates debt-free with modest assets, frequently spending more than it earns.
EIN: 10539738 · Brunswick, ME · NTEE: A400 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $60K |
| Total Expenses | $70K |
| Program Spending | 80% |
| Net Assets | $20K |
| Transparency Score | 75/100 |
Is Maine Fiberarts Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Fiberarts directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Fiberarts
Maine Fiberarts (EIN: 10539738) is a nonprofit organization based in Brunswick, ME, classified under NTEE code A400. The organization reported total revenue of $60K and total assets of $24K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Fiberarts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Fiberarts is a micro nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $70K |
| Surplus / Deficit | $-10,005 |
| Total Assets | $20K |
| Net Assets | $20K |
| Operating Margin | -16.6% |
| Months of Reserves | 3.3 months |
Financial Health Grade: B
In 2023, Maine Fiberarts reported a deficit of $10K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Maine Fiberarts's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.3% | -17.0% | -33.8% |
| 2022 | -5.5% | +13.4% | -14.5% |
| 2021 | +53.4% | +29.7% | +38.8% |
| 2020 | +11.5% | -1.4% | -9.4% |
| 2019 | -28.9% | +7.1% | -24.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
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 Fiberarts with a Mission Score of 75 out of 100 (Good). 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 Fiberarts 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 deficit of $10K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that executive leadership is either unpaid, volunteer-based, or compensated at levels not requiring disclosure as officer compensation, which is typical for very small nonprofits.
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 Fiberarts's IRS 990 filings:
- Frequent operating deficits (e.g., 2023: $10,005 deficit; 2022: $5,031 deficit)
- Declining asset base in recent years (from $34,599 in 2021 to $19,563 in 2023)
Strengths
The following positive indicators were identified for Maine Fiberarts:
- Zero liabilities across all reported periods, indicating a debt-free operation
- Consistent IRS 990 filing history (13 filings), demonstrating transparency
- 0% officer compensation, suggesting efficient use of funds for mission-related activities or strong volunteer support
Frequently Asked Questions about Maine Fiberarts
Is Maine Fiberarts a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Fiberarts (EIN: 10539738) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Maine Fiberarts spend its money?
Maine Fiberarts directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Fiberarts tax-deductible?
Maine Fiberarts is registered as a tax-exempt nonprofit (EIN: 10539738). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Fiberarts's spending goes to programs?
Maine Fiberarts directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Fiberarts compare to similar nonprofits?
With a transparency score of 75/100 (Good), Maine Fiberarts is above average for NTEE category A400 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Fiberarts located?
Maine Fiberarts is headquartered in Brunswick, Maine and files with the IRS under EIN 10539738. It is classified under NTEE code A400.
How many years of IRS 990 filings does Maine Fiberarts have?
Maine Fiberarts 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 $60K in total revenue.
Is Maine Fiberarts financially sustainable given its frequent operating deficits?
Maine Fiberarts has frequently reported expenses exceeding revenue, such as in 2023 ($70,351 expenses vs. $60,346 revenue) and 2022 ($84,738 expenses vs. $79,707 revenue). While it has no liabilities, sustained deficits could erode its modest asset base over time, impacting long-term sustainability.
How does Maine Fiberarts manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization likely relies on volunteer leadership or has very low-paid staff whose compensation does not meet the threshold for officer reporting, indicating a highly lean operational structure.
What is the trend in Maine Fiberarts' asset base?
Maine Fiberarts' assets have fluctuated, peaking at $36,625 in 2018 and declining to $19,563 in 2023. This trend, coupled with frequent operating deficits, suggests a gradual reduction in its financial reserves.
Filing History
IRS 990 filing history for Maine Fiberarts showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Fiberarts's revenue has grown by 14%, moving from $53K to $60K. Total assets increased by 62.9% over the same period, from $12K to $20K. Total functional expenses fell by 13.7%, from $82K to $70K. In its most recent filing year (2023), Maine Fiberarts reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $70K | $20K | $0 | — | View 990 |
| 2022 | $80K | $85K | $30K | $0 | — | View 990 |
| 2021 | $84K | $75K | $35K | $0 | — | View 990 |
| 2020 | $55K | $58K | $25K | $0 | — | — |
| 2019 | $49K | $58K | $28K | $0 | — | View 990 |
| 2018 | $69K | $55K | $37K | $0 | — | View 990 |
| 2017 | $69K | $55K | $22K | $0 | — | View 990 |
| 2016 | $39K | $55K | $7K | $0 | — | View 990 |
| 2015 | $76K | $61K | $23K | $0 | — | View 990 |
| 2014 | $43K | $67K | $8K | $0 | — | View 990 |
| 2013 | $87K | $78K | $31K | $0 | — | View 990 |
| 2012 | $94K | $83K | $22K | $0 | — | View 990 |
| 2011 | $53K | $82K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $70K, and assets of $20K (revenue -24.3% year-over-year).
- 2022: Revenue of $80K, expenses of $85K, and assets of $30K (revenue -5.5% year-over-year).
- 2021: Revenue of $84K, expenses of $75K, and assets of $35K (revenue +53.4% year-over-year).
- 2020: Revenue of $55K, expenses of $58K, and assets of $25K (revenue +11.5% year-over-year).
- 2019: Revenue of $49K, expenses of $58K, and assets of $28K (revenue -28.9% year-over-year).
- 2018: Revenue of $69K, expenses of $55K, and assets of $37K (revenue -0.1% year-over-year).
- 2017: Revenue of $69K, expenses of $55K, and assets of $22K (revenue +78.7% year-over-year).
- 2016: Revenue of $39K, expenses of $55K, and assets of $7K (revenue -48.7% year-over-year).
- 2015: Revenue of $76K, expenses of $61K, and assets of $23K (revenue +74.4% year-over-year).
- 2014: Revenue of $43K, expenses of $67K, and assets of $8K (revenue -49.9% year-over-year).
- 2013: Revenue of $87K, expenses of $78K, and assets of $31K (revenue -7.5% year-over-year).
- 2012: Revenue of $94K, expenses of $83K, and assets of $22K (revenue +77.1% year-over-year).
- 2011: Revenue of $53K, expenses of $82K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Fiberarts:
Data Sources and Methodology
This transparency report for Maine Fiberarts 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.