Maine Handgun Violence Education Foundation
Maine Handgun Violence Education Foundation shows recent revenue and asset growth after periods of expense exceeding revenue, with no reported officer compensation.
EIN: 10533033 · Portland, ME · NTEE: I20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $155K |
| Total Expenses | $46K |
| Program Spending | 85% |
| Net Assets | $4K |
| Transparency Score | 80/100 |
Is Maine Handgun Violence Education Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Handgun Violence Education Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Handgun Violence Education Foundation
Maine Handgun Violence Education Foundation (EIN: 10533033) is a nonprofit organization based in Portland, ME, classified under NTEE code I20. The organization reported total revenue of $155K and total assets of $142K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Handgun Violence Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Handgun Violence Education Foundation is a small nonprofit that has been operating for 3 years, with 5 years of IRS 990 filings on record (2016–2021). Revenue has grown at a compound annual rate of -13.5%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $46K |
| Surplus / Deficit | $-21,627 |
| Total Assets | $4K |
| Net Assets | $4K |
| Operating Margin | -89.7% |
| Months of Reserves | 1.1 months |
Financial Health Grade: C
In 2021, Maine Handgun Violence Education Foundation reported a deficit of $22K with expenses exceeding revenue, holds 1.1 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2016–2021), Maine Handgun Violence Education Foundation's revenue has declined at a compound annual growth rate (CAGR) of -13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -60.7% | -17.5% | -83.2% |
| 2020 | +61.1% | +141.9% | +29.6% |
| 2019 | -12.9% | -59.6% | +310.5% |
| 2018 | -12.3% | +51.4% | -81.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
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 Handgun Violence Education Foundation with a Mission Score of 80 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 Handgun Violence Education Foundation 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that officers are not compensated, which is highly favorable for directing funds towards the mission and suggests a volunteer-led or very lean leadership structure.
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 Handgun Violence Education Foundation's IRS 990 filings:
- Past periods (e.g., 2021, 2018) where expenses significantly exceeded revenue, indicating potential operational deficits.
Strengths
The following positive indicators were identified for Maine Handgun Violence Education Foundation:
- Consistent IRS 990 filing history, demonstrating transparency.
- 0% officer compensation reported across all filings, indicating highly efficient executive spending.
- Significant recent growth in revenue (to $154,862) and assets (to $142,279), suggesting improved financial health and fundraising capacity.
- No reported liabilities across all available filings, indicating a healthy balance sheet.
Frequently Asked Questions about Maine Handgun Violence Education Foundation
Is Maine Handgun Violence Education Foundation a legitimate charity?
Maine Handgun Violence Education Foundation (EIN: 10533033) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 80/100. It has 5 years of IRS 990 filings on record. Total revenue: $155K. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does Maine Handgun Violence Education Foundation spend its money?
Maine Handgun Violence Education Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Handgun Violence Education Foundation tax-deductible?
Maine Handgun Violence Education Foundation is registered as a tax-exempt nonprofit (EIN: 10533033). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Handgun Violence Education Foundation's spending goes to programs?
Maine Handgun Violence Education Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Handgun Violence Education Foundation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Maine Handgun Violence Education Foundation is above average for NTEE category I20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Handgun Violence Education Foundation located?
Maine Handgun Violence Education Foundation is headquartered in Portland, Maine and files with the IRS under EIN 10533033. It is classified under NTEE code I20.
How many years of IRS 990 filings does Maine Handgun Violence Education Foundation have?
Maine Handgun Violence Education Foundation has 5 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 $155K in total revenue.
Is Maine Handgun Violence Education Foundation a good charity?
Based on the available data, the foundation exhibits several positive attributes, including consistent IRS filings, no reported officer compensation, and recent significant growth in revenue and assets. These factors suggest a well-managed organization with a strong commitment to its mission and efficient use of funds at the executive level. However, a detailed breakdown of program vs. administrative expenses would provide a more complete picture of overall spending efficiency.
How has the organization's financial health changed over time?
The organization's financial health has been somewhat volatile but shows a strong positive trend recently. In 2021, expenses ($45,727) exceeded revenue ($24,100), leading to low assets ($4,365). However, the latest data shows a significant increase in revenue to $154,862 and assets to $142,279, indicating substantial recent growth and improved financial stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all available filings (2016, 2018, 2019, 2020, 2021), indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for donor confidence and resource allocation.
Filing History
IRS 990 filing history for Maine Handgun Violence Education Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2016–2021), Maine Handgun Violence Education Foundation's revenue has declined by 51.7%, moving from $50K to $24K. Total assets decreased by 83.1% over the same period, from $26K to $4K. Total functional expenses rose by 22.1%, from $37K to $46K. In its most recent filing year (2021), Maine Handgun Violence Education Foundation reported a deficit of $22K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $24K | $46K | $4K | $0 | — | — |
| 2020 | $61K | $55K | $26K | $0 | — | — |
| 2019 | $38K | $23K | $20K | $0 | — | — |
| 2018 | $44K | $57K | $5K | $0 | — | — |
| 2016 | $50K | $37K | $26K | $0 | — | — |
Year-by-Year Financial Summary
- 2021: Revenue of $24K, expenses of $46K, and assets of $4K (revenue -60.7% year-over-year).
- 2020: Revenue of $61K, expenses of $55K, and assets of $26K (revenue +61.1% year-over-year).
- 2019: Revenue of $38K, expenses of $23K, and assets of $20K (revenue -12.9% year-over-year).
- 2018: Revenue of $44K, expenses of $57K, and assets of $5K (revenue -12.3% year-over-year).
- 2016: Revenue of $50K, expenses of $37K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Handgun Violence Education Foundation:
Data Sources and Methodology
This transparency report for Maine Handgun Violence Education Foundation 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.