Maine Genealogical Society

Maine Genealogical Society maintains stable finances with volunteer leadership and growing assets.

EIN: 10349013 · Wells, ME · Updated: 2026-03-28

$68KRevenue

$208KAssets

95/100Mission Score (Excellent)

About Maine Genealogical Society

Maine Genealogical Society (EIN: 10349013) is a nonprofit organization based in Wells, ME. The organization reported total revenue of $68K and total assets of $208K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Genealogical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Maine Genealogical Society demonstrates consistent financial stability and a strong commitment to its mission. Over the past five years (2019-2023), the organization has maintained a healthy asset base, growing from $160,202 in 2019 to $199,741 in 2023. Revenue has also shown positive trends, with the latest reported revenue at $57,105 in 2023, up from $32,049 in 2020. The organization consistently reports 0% officer compensation, indicating that its leadership is likely volunteer-based, which is a positive sign for donor confidence and efficient use of funds.

Spending efficiency appears to be very high, as evidenced by the lack of reported officer compensation and the relatively low liabilities across all filing periods. For instance, in 2023, liabilities were only $80, a negligible amount compared to assets of $199,741. This suggests sound financial management and a focus on direct program delivery rather than administrative overhead or executive salaries. The organization's consistent net positive revenue in recent years (e.g., $57,105 revenue vs. $51,795 expenses in 2023) allows for asset growth and sustained operations.

Transparency is excellent, particularly regarding executive compensation, which is clearly stated as 0% across all available filings. The consistent filing of IRS Form 990s over 13 periods further underscores their commitment to public accountability. While a detailed breakdown of program vs. administrative expenses isn't explicitly provided in the summary data, the absence of paid officers strongly implies that the vast majority of expenses are directed towards their genealogical programs and services.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Maine Genealogical Society with a Mission Score of 95 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: 90%
fundraising: 0%

According to IRS 990 filings, Maine Genealogical Society allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

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 commendable for an organization of its size with assets nearing $200,000.

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.

Strengths

The following positive indicators were identified for Maine Genealogical Society:

Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
Steady growth in assets, from $160,202 in 2019 to $199,741 in 2023, demonstrating financial stability.
Positive net revenue in recent years (e.g., $57,105 revenue vs. $51,795 expenses in 2023), contributing to asset growth.
Very low liabilities across all filing periods (e.g., $80 in 2023), indicating sound financial management.
Consistent filing of IRS Form 990s over 13 periods, showing strong commitment to transparency.

Frequently Asked Questions about Maine Genealogical Society

Is Maine Genealogical Society a good charity?

Based on the available financial data, Maine Genealogical Society appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a remarkable commitment to its mission through volunteer leadership (0% officer compensation) and efficient spending.

How has the organization's financial health changed over time?

The organization's financial health has steadily improved. Assets have grown from $160,202 in 2019 to $199,741 in 2023. Revenue has also shown an upward trend, with $57,105 in 2023 compared to $32,049 in 2020, indicating increasing support and sustainability.

What is the organization's approach to executive compensation?

The Maine Genealogical Society has a highly efficient approach to executive compensation, reporting 0% officer compensation across all 13 available filings. This suggests that all leadership roles are filled by volunteers, maximizing funds available for programs.

Filing History

IRS 990 filing history for Maine Genealogical Society showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Maine Genealogical Society's revenue has grown by 46%, moving from $39K to $57K. Total assets increased by 24.5% over the same period, from $160K to $200K. Total functional expenses rose by 55.1%, from $33K to $52K. In its most recent filing year (2023), Maine Genealogical Society reported a surplus of $5K, with revenue exceeding expenses. The organization holds $80 in liabilities against $200K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $200K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$57K	$52K	$200K	$80	—	—
2022	$56K	$42K	$198K	$4K	—	View 990
2021	$60K	$37K	$181K	$405	—	View 990
2020	$32K	$34K	$158K	$741	—	—
2019	$42K	$44K	$160K	$971	—	View 990
2018	$40K	$45K	$162K	$168	—	View 990
2017	$35K	$40K	$167K	$209	—	View 990
2016	$47K	$49K	$172K	$141	—	View 990
2015	$35K	$32K	$174K	$-460	—	View 990
2014	$37K	$35K	$171K	$85	—	View 990
2013	$41K	$36K	$170K	$4	—	View 990
2012	$36K	$27K	$168K	$3K	—	View 990
2011	$39K	$33K	$160K	$636	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $57K, expenses of $52K, and assets of $200K (revenue +1.9% year-over-year).
2022: Revenue of $56K, expenses of $42K, and assets of $198K (revenue -7.1% year-over-year).
2021: Revenue of $60K, expenses of $37K, and assets of $181K (revenue +88.2% year-over-year).
2020: Revenue of $32K, expenses of $34K, and assets of $158K (revenue -22.9% year-over-year).
2019: Revenue of $42K, expenses of $44K, and assets of $160K (revenue +5.1% year-over-year).
2018: Revenue of $40K, expenses of $45K, and assets of $162K (revenue +12.0% year-over-year).
2017: Revenue of $35K, expenses of $40K, and assets of $167K (revenue -25.4% year-over-year).
2016: Revenue of $47K, expenses of $49K, and assets of $172K (revenue +34.6% year-over-year).
2015: Revenue of $35K, expenses of $32K, and assets of $174K (revenue -3.7% year-over-year).
2014: Revenue of $37K, expenses of $35K, and assets of $171K (revenue -11.4% year-over-year).
2013: Revenue of $41K, expenses of $36K, and assets of $170K (revenue +14.9% year-over-year).
2012: Revenue of $36K, expenses of $27K, and assets of $168K (revenue -8.3% year-over-year).
2011: Revenue of $39K, expenses of $33K, and assets of $160K.

Data Sources and Methodology

This transparency report for Maine Genealogical Society 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.