Maine Granite Industry Historical Society
Maine Granite Industry Historical Society shows modest growth and no executive compensation.
EIN: 161623489 · Mount Desert, ME · NTEE: A54 · Updated: 2026-03-28
Is Maine Granite Industry Historical Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Granite Industry Historical Society directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Granite Industry Historical Society
Maine Granite Industry Historical Society (EIN: 161623489) is a nonprofit organization based in Mount Desert, ME, classified under NTEE code A54. The organization reported total revenue of $25K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Granite Industry Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maine Granite Industry Historical Society 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Maine Granite Industry Historical Society allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is common for very small, volunteer-run 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.
Strengths
The following positive indicators were identified for Maine Granite Industry Historical Society:
- Consistent IRS 990 filing history, indicating transparency.
- Zero liabilities reported across all periods, showing strong financial management.
- No officer compensation, ensuring funds are directed to the mission.
- Positive asset growth from $4,040 in 2020 to $13,297 in 2023.
- Revenue growth from $10,599 in 2020 to $25,466 in 2023.
Frequently Asked Questions about Maine Granite Industry Historical Society
Is Maine Granite Industry Historical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Granite Industry Historical Society (EIN: 161623489) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Maine Granite Industry Historical Society spend its money?
Maine Granite Industry Historical Society directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Granite Industry Historical Society tax-deductible?
Maine Granite Industry Historical Society is registered as a tax-exempt nonprofit (EIN: 161623489). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Maine Granite Industry Historical Society a good charity?
Based on the available data, the Maine Granite Industry Historical Society appears to be a well-managed small charity. It consistently files its IRS 990s, has no liabilities, and reports no officer compensation, suggesting that donations directly support its mission. Its assets have grown from $4,040 in 2020 to $13,297 in 2023.
How has the organization's financial health changed over time?
The organization's financial health has shown fluctuations but a general upward trend in assets. Revenue has increased from $10,599 in 2020 to $25,466 in 2023. While there were periods where expenses exceeded revenue (e.g., 2020 and 2022), the organization ended 2023 with a surplus and increased its assets to $13,297.
What is the organization's approach to executive compensation?
The Maine Granite Industry Historical Society reports 0% officer compensation in all available filings, indicating that its leadership serves on a volunteer basis and does not receive salaries from the organization.
Filing History
IRS 990 filing history for Maine Granite Industry Historical Society showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Maine Granite Industry Historical Society's revenue has grown by 140.3%, moving from $11K to $25K. Total assets increased by 229.1% over the same period, from $4K to $13K. Total functional expenses rose by 1.5%, from $20K to $20K. In its most recent filing year (2023), Maine Granite Industry Historical Society reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $25K | $20K | $13K | $0 | — | View 990 |
| 2022 | $19K | $23K | $8K | $0 | — | — |
| 2021 | $20K | $12K | $12K | $0 | — | — |
| 2020 | $11K | $20K | $4K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $25K, expenses of $20K, and assets of $13K (revenue +37.5% year-over-year).
- 2022: Revenue of $19K, expenses of $23K, and assets of $8K (revenue -7.4% year-over-year).
- 2021: Revenue of $20K, expenses of $12K, and assets of $12K (revenue +88.8% year-over-year).
- 2020: Revenue of $11K, expenses of $20K, and assets of $4K.
Data Sources and Methodology
This transparency report for Maine Granite Industry Historical 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.