Maine Island Trail Association
Maine Island Trail Association shows consistent financial growth and zero reported officer compensation over a decade.
EIN: 10478709 · Portland, ME · NTEE: C300 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Program Spending | 80% |
| Net Assets | $2.4M |
| Transparency Score | 90/100 |
Is Maine Island Trail Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Island Trail Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Island Trail Association
Maine Island Trail Association (EIN: 10478709) is a nonprofit organization based in Portland, ME, classified under NTEE code C300. The organization reported total revenue of $1.4M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Island Trail Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Island Trail Association is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$110K |
| Total Assets | $2.9M |
| Total Liabilities | $472K |
| Net Assets | $2.4M |
| Operating Margin | 7.5% |
| Debt-to-Asset Ratio | 16.5% |
| Months of Reserves | 25.2 months |
Financial Health Grade: A
In 2023, Maine Island Trail Association reported a surplus of $110K with revenue exceeding expenses, holds 25.2 months of operating reserves (strong position), has a debt-to-asset ratio of 16.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Island Trail Association's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.6% | +12.6% | +13.5% |
| 2022 | +18.9% | +17.0% | +11.4% |
| 2021 | +24.0% | +7.2% | +14.8% |
| 2020 | +5.6% | +12.4% | +15.2% |
| 2019 | +3.4% | +3.8% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Island Trail Association with a Mission Score of 90 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: 80%
- fundraising: 10%
According to IRS 990 filings, Maine Island Trail Association allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 surplus of $110K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating either a volunteer-led executive team or that executive salaries are not categorized as 'officer compensation' in a way that triggers reporting, which is highly unusual and suggests a very lean operational model or strong volunteer leadership.
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 Island Trail Association:
- Consistent revenue growth, more than doubling from $647,717 in 2014 to $1,471,331 in 2023.
- Healthy and growing asset base, nearly tripling from $1,099,523 in 2014 to $2,857,782 in 2023.
- Zero reported officer compensation across all 13 filings, indicating high efficiency and mission focus.
- Expenses consistently managed below revenue, allowing for asset accumulation and financial stability.
- Strong financial transparency regarding executive compensation.
Frequently Asked Questions about Maine Island Trail Association
Is Maine Island Trail Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Island Trail Association (EIN: 10478709) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Maine Island Trail Association spend its money?
Maine Island Trail Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Island Trail Association tax-deductible?
Maine Island Trail Association is registered as a tax-exempt nonprofit (EIN: 10478709). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Island Trail Association's spending goes to programs?
Maine Island Trail Association directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Island Trail Association compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Maine Island Trail Association is above average for NTEE category C300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Island Trail Association located?
Maine Island Trail Association is headquartered in Portland, Maine and files with the IRS under EIN 10478709. It is classified under NTEE code C300.
How many years of IRS 990 filings does Maine Island Trail Association have?
Maine Island Trail Association 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 $1.4M in total revenue.
Is Maine Island Trail Association a good charity?
Based on the provided financial data, Maine Island Trail Association appears to be a very good charity. They demonstrate consistent revenue growth, prudent expense management, and a healthy asset base. The reported 0% officer compensation across all filings is a strong indicator of their commitment to directing funds towards their mission.
How has MITA's financial health changed over the past decade?
MITA's financial health has significantly improved over the past decade. Revenue has more than doubled from $647,717 in 2014 to $1,471,331 in 2023, and assets have nearly tripled from $1,099,523 to $2,857,782 in the same period, indicating strong growth and financial stability.
What is the trend in MITA's liabilities?
MITA's liabilities have fluctuated but generally remained at manageable levels relative to their assets. While there was a notable increase to $472,039 in 2023, this is still a small fraction of their $2,857,782 in assets, suggesting healthy financial management and no significant debt burden.
Filing History
IRS 990 filing history for Maine Island Trail Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Island Trail Association's revenue has grown by 140%, moving from $613K to $1.5M. Total assets increased by 289.9% over the same period, from $733K to $2.9M. Total functional expenses rose by 160.7%, from $522K to $1.4M. In its most recent filing year (2023), Maine Island Trail Association reported a surplus of $110K, with revenue exceeding expenses. The organization holds $472K in liabilities against $2.9M in assets (debt-to-asset ratio: 16.5%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $2.9M | $472K | — | View 990 |
| 2022 | $1.4M | $1.2M | $2.5M | $378K | — | View 990 |
| 2021 | $1.2M | $1.0M | $2.3M | $34K | — | View 990 |
| 2020 | $945K | $964K | $2.0M | $150K | — | View 990 |
| 2019 | $895K | $857K | $1.7M | $26K | — | View 990 |
| 2018 | $866K | $826K | $1.7M | $22K | — | View 990 |
| 2017 | $839K | $771K | $1.6M | $63K | — | View 990 |
| 2016 | $971K | $745K | $1.5M | $37K | — | View 990 |
| 2015 | $799K | $698K | $1.2M | $28K | — | View 990 |
| 2014 | $648K | $611K | $1.1M | $16K | — | View 990 |
| 2013 | $761K | $631K | $1.0M | $19K | — | View 990 |
| 2012 | $621K | $585K | $823K | $10K | — | View 990 |
| 2011 | $613K | $522K | $733K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $2.9M (revenue +5.6% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.2M, and assets of $2.5M (revenue +18.9% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.0M, and assets of $2.3M (revenue +24.0% year-over-year).
- 2020: Revenue of $945K, expenses of $964K, and assets of $2.0M (revenue +5.6% year-over-year).
- 2019: Revenue of $895K, expenses of $857K, and assets of $1.7M (revenue +3.4% year-over-year).
- 2018: Revenue of $866K, expenses of $826K, and assets of $1.7M (revenue +3.2% year-over-year).
- 2017: Revenue of $839K, expenses of $771K, and assets of $1.6M (revenue -13.6% year-over-year).
- 2016: Revenue of $971K, expenses of $745K, and assets of $1.5M (revenue +21.5% year-over-year).
- 2015: Revenue of $799K, expenses of $698K, and assets of $1.2M (revenue +23.4% year-over-year).
- 2014: Revenue of $648K, expenses of $611K, and assets of $1.1M (revenue -14.9% year-over-year).
- 2013: Revenue of $761K, expenses of $631K, and assets of $1.0M (revenue +22.4% year-over-year).
- 2012: Revenue of $621K, expenses of $585K, and assets of $823K (revenue +1.4% year-over-year).
- 2011: Revenue of $613K, expenses of $522K, and assets of $733K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Island Trail Association:
Data Sources and Methodology
This transparency report for Maine Island Trail Association 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.