Maine Forest & Logging Museum Inc
Maine Forest & Logging Museum Inc. consistently grows assets with volunteer leadership and managed expenses.
EIN: 16019448 · Bradley, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $99K |
| Total Expenses | $94K |
| Program Spending | 85% |
| Net Assets | $873K |
| Transparency Score | 85/100 |
Is Maine Forest & Logging Museum Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Forest & Logging Museum Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Forest & Logging Museum Inc
Maine Forest & Logging Museum Inc (EIN: 16019448) is a nonprofit organization based in Bradley, ME. The organization reported total revenue of $99K and total assets of $922K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Forest & Logging Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Forest & Logging Museum Inc is a micro nonprofit that has been operating for 64 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 | $89K |
| Total Expenses | $94K |
| Surplus / Deficit | $-4,690 |
| Total Assets | $899K |
| Total Liabilities | $25K |
| Net Assets | $873K |
| Operating Margin | -5.3% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 114.8 months |
Financial Health Grade: B
In 2023, Maine Forest & Logging Museum Inc reported a deficit of $5K with expenses exceeding revenue, holds 114.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Forest & Logging Museum Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.6% | -0.9% | +2.3% |
| 2022 | +21.5% | +131.0% | +0.4% |
| 2021 | -1.6% | -19.4% | +8.8% |
| 2020 | +11.2% | -36.9% | +10.1% |
| 2019 | +11.0% | -30.2% | +3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1962 |
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 Forest & Logging Museum Inc 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 Forest & Logging Museum Inc 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 deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly favorable for donor confidence and resource allocation.
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 Forest & Logging Museum Inc's IRS 990 filings:
- No specific program spending details provided in summary data, making it difficult to fully assess program efficiency without deeper dive into 990s.
Strengths
The following positive indicators were identified for Maine Forest & Logging Museum Inc:
- Consistent asset growth, from $707,196 in 2018 to $898,672 in 2023, indicating strong financial stewardship.
- 0% officer compensation reported across all filings, highlighting a volunteer-driven leadership structure.
- Generally well-managed expenses relative to revenue, contributing to financial stability and growth.
- Low liabilities relative to assets, indicating a healthy balance sheet.
- Consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Maine Forest & Logging Museum Inc
Is Maine Forest & Logging Museum Inc a legitimate charity?
Maine Forest & Logging Museum Inc (EIN: 16019448) 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: $99K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Maine Forest & Logging Museum Inc spend its money?
Maine Forest & Logging Museum Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Forest & Logging Museum Inc tax-deductible?
Maine Forest & Logging Museum Inc is registered as a tax-exempt nonprofit (EIN: 16019448). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Forest & Logging Museum Inc's spending goes to programs?
Maine Forest & Logging Museum Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Forest & Logging Museum Inc located?
Maine Forest & Logging Museum Inc is headquartered in Bradley, Maine and files with the IRS under EIN 16019448.
How many years of IRS 990 filings does Maine Forest & Logging Museum Inc have?
Maine Forest & Logging Museum Inc 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 $99K in total revenue.
Is Maine Forest & Logging Museum Inc. a good charity?
Based on the available financial data, the organization appears to be a good charity. It demonstrates consistent asset growth, manages expenses effectively, and has 0% officer compensation, suggesting a strong commitment to its mission with volunteer leadership.
How has the organization's financial health changed over time?
The organization has shown consistent financial health, with assets growing from $707,196 in 2018 to $898,672 in 2023. Revenues have fluctuated but generally supported operations, and expenses have been managed to allow for asset accumulation.
What is the organization's approach to executive compensation?
The Maine Forest & Logging Museum Inc. has a highly commendable approach to executive compensation, reporting 0% officer compensation in all available filings, indicating a volunteer-led executive team.
Filing History
IRS 990 filing history for Maine Forest & Logging Museum Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Forest & Logging Museum Inc's revenue has grown by 8.1%, moving from $83K to $89K. Total assets increased by 17.4% over the same period, from $765K to $899K. Total functional expenses rose by 7.4%, from $87K to $94K. In its most recent filing year (2023), Maine Forest & Logging Museum Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $25K in liabilities against $899K in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $873K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89K | $94K | $899K | $25K | — | — |
| 2022 | $129K | $95K | $879K | $563 | — | View 990 |
| 2021 | $106K | $41K | $875K | $31K | — | View 990 |
| 2020 | $107K | $51K | $804K | $25K | — | — |
| 2019 | $97K | $81K | $731K | $8K | — | View 990 |
| 2018 | $87K | $116K | $707K | $354 | — | View 990 |
| 2017 | $69K | $87K | $735K | $172 | — | View 990 |
| 2016 | $80K | $88K | $746K | $143 | — | View 990 |
| 2015 | $121K | $132K | $749K | $2K | — | View 990 |
| 2014 | $76K | $94K | $769K | $138 | — | View 990 |
| 2013 | $96K | $79K | $793K | $583 | — | View 990 |
| 2012 | $52K | $66K | $774K | $0 | — | View 990 |
| 2011 | $83K | $87K | $765K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $89K, expenses of $94K, and assets of $899K (revenue -30.6% year-over-year).
- 2022: Revenue of $129K, expenses of $95K, and assets of $879K (revenue +21.5% year-over-year).
- 2021: Revenue of $106K, expenses of $41K, and assets of $875K (revenue -1.6% year-over-year).
- 2020: Revenue of $107K, expenses of $51K, and assets of $804K (revenue +11.2% year-over-year).
- 2019: Revenue of $97K, expenses of $81K, and assets of $731K (revenue +11.0% year-over-year).
- 2018: Revenue of $87K, expenses of $116K, and assets of $707K (revenue +25.4% year-over-year).
- 2017: Revenue of $69K, expenses of $87K, and assets of $735K (revenue -13.6% year-over-year).
- 2016: Revenue of $80K, expenses of $88K, and assets of $746K (revenue -33.3% year-over-year).
- 2015: Revenue of $121K, expenses of $132K, and assets of $749K (revenue +59.1% year-over-year).
- 2014: Revenue of $76K, expenses of $94K, and assets of $769K (revenue -21.3% year-over-year).
- 2013: Revenue of $96K, expenses of $79K, and assets of $793K (revenue +83.5% year-over-year).
- 2012: Revenue of $52K, expenses of $66K, and assets of $774K (revenue -36.5% year-over-year).
- 2011: Revenue of $83K, expenses of $87K, and assets of $765K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Forest & Logging Museum Inc:
Data Sources and Methodology
This transparency report for Maine Forest & Logging Museum Inc 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.