Maine International Trade Center
Maine International Trade Center shows stable revenue but occasional operating deficits and a recent surge in liabilities.
EIN: 10509118 · Portland, ME · NTEE: Q31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $858K |
| Transparency Score | 75/100 |
Is Maine International Trade Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine International Trade Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine International Trade Center
Maine International Trade Center (EIN: 10509118) is a nonprofit organization based in Portland, ME, classified under NTEE code Q31. The organization reported total revenue of $1.9M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine International Trade Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine International Trade Center is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-128,066 |
| Total Assets | $2.1M |
| Total Liabilities | $1.2M |
| Net Assets | $858K |
| Operating Margin | -7.2% |
| Debt-to-Asset Ratio | 58.5% |
| Months of Reserves | 13.1 months |
Financial Health Grade: C
In 2023, Maine International Trade Center reported a deficit of $128K with expenses exceeding revenue, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 58.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine International Trade Center's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.5% | +28.2% | +66.5% |
| 2022 | +20.8% | +25.4% | +5.5% |
| 2021 | -16.1% | -14.1% | -0.1% |
| 2020 | -25.0% | -26.7% | -6.6% |
| 2019 | +33.6% | +22.4% | +21.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 International Trade Center 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 International Trade Center 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 $128K, with expenses exceeding revenue.
- Debt-to-asset ratio: 58.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers do not receive direct compensation, which is unusual for an organization of its size with revenues approaching $2 million.
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 International Trade Center's IRS 990 filings:
- Significant increase in liabilities from $254,268 in 2022 to $1,207,663 in 2023.
- Recurring operating deficits in several years (e.g., 2023, 2018, 2017, 2016, 2014), indicating expenses sometimes exceed revenue.
- Consistent 0% officer compensation, which, while potentially positive for overhead, can sometimes indicate unrecorded compensation or reliance on external support that isn't fully transparent.
Strengths
The following positive indicators were identified for Maine International Trade Center:
- Stable revenue generation, consistently operating in the $1.2M-$2M range over the past decade.
- Growing asset base, reaching over $2 million in 2023, providing a solid financial foundation.
- Consistent financial filing history with 13 filings, indicating good compliance and transparency in reporting.
Frequently Asked Questions about Maine International Trade Center
Is Maine International Trade Center a legitimate charity?
Maine International Trade Center (EIN: 10509118) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Maine International Trade Center spend its money?
Maine International Trade Center directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine International Trade Center tax-deductible?
Maine International Trade Center is registered as a tax-exempt nonprofit (EIN: 10509118). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine International Trade Center CEO make?
Maine International Trade Center's highest-compensated officer earns $2 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine International Trade Center's spending goes to programs?
Maine International Trade Center directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine International Trade Center compare to similar nonprofits?
With a transparency score of 75/100 (Good), Maine International Trade Center is above average for NTEE category Q31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine International Trade Center located?
Maine International Trade Center is headquartered in Portland, Maine and files with the IRS under EIN 10509118. It is classified under NTEE code Q31.
How many years of IRS 990 filings does Maine International Trade Center have?
Maine International Trade Center 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 $1.9M in total revenue.
Why did liabilities increase so significantly from $254,268 in 2022 to $1,207,663 in 2023?
The IRS 990 filing for 2023 shows a substantial increase in liabilities, which could be due to various factors such as new debt, deferred revenue, or changes in accounting for grants. Further investigation into the detailed balance sheet would be necessary to understand the specific nature of this increase.
How does the organization sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that key leadership roles may be filled by volunteers, compensated through other means not classified as officer compensation, or that the organization has a unique operational model where executive functions are covered by other staff or external entities.
What is the long-term strategy for addressing years where expenses exceed revenue, such as the $128,066 deficit in 2023?
Operating at a deficit in multiple years, including 2023, indicates that the organization's expenses occasionally outpace its income. A sustainable financial strategy would typically aim for balanced budgets or surpluses to build reserves, especially given the recent increase in liabilities.
Filing History
IRS 990 filing history for Maine International Trade Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine International Trade Center's revenue has grown by 112.5%, moving from $833K to $1.8M. Total assets increased by 595.4% over the same period, from $297K to $2.1M. Total functional expenses rose by 117.6%, from $872K to $1.9M. In its most recent filing year (2023), Maine International Trade Center reported a deficit of $128K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $2.1M in assets (debt-to-asset ratio: 58.5%), resulting in net assets of $858K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.9M | $2.1M | $1.2M | — | View 990 |
| 2022 | $1.5M | $1.5M | $1.2M | $254K | — | View 990 |
| 2021 | $1.2M | $1.2M | $1.2M | $190K | — | — |
| 2020 | $1.5M | $1.4M | $1.2M | $236K | — | View 990 |
| 2019 | $1.9M | $1.9M | $1.3M | $407K | — | View 990 |
| 2018 | $1.5M | $1.5M | $1.0M | $258K | — | View 990 |
| 2017 | $1.6M | $1.8M | $1.2M | $353K | — | View 990 |
| 2016 | $1.5M | $1.7M | $1.3M | $218K | — | View 990 |
| 2015 | $2.0M | $1.2M | $1.4M | $153K | — | View 990 |
| 2014 | $1.1M | $1.2M | $570K | $155K | — | View 990 |
| 2013 | $1.2M | $1.1M | $639K | $128K | — | View 990 |
| 2012 | $1.3M | $1.0M | $598K | $139K | — | View 990 |
| 2011 | $833K | $872K | $297K | $62K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.9M, and assets of $2.1M (revenue +19.5% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $1.2M (revenue +20.8% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $1.2M (revenue -16.1% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.4M, and assets of $1.2M (revenue -25.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $1.3M (revenue +33.6% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.5M, and assets of $1.0M (revenue -8.3% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.8M, and assets of $1.2M (revenue +6.0% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.7M, and assets of $1.3M (revenue -25.5% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.2M, and assets of $1.4M (revenue +77.0% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.2M, and assets of $570K (revenue -4.8% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $639K (revenue -6.0% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.0M, and assets of $598K (revenue +52.5% year-over-year).
- 2011: Revenue of $833K, expenses of $872K, and assets of $297K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine International Trade Center:
Data Sources and Methodology
This transparency report for Maine International Trade Center 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.