Maine Lakes Society
Maine Lakes Society maintains stable finances with no reported executive compensation and growing assets.
EIN: 10322800 · Yarmouth, ME · NTEE: C32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $336K |
| Total Expenses | $285K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $204K |
| Transparency Score | 90/100 |
Is Maine Lakes Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Lakes Society directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Lakes Society
Maine Lakes Society (EIN: 10322800) is a nonprofit organization based in Yarmouth, ME, classified under NTEE code C32. The organization reported total revenue of $336K and total assets of $264K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Lakes Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Lakes Society is a small nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $285K |
| Total Expenses | $285K |
| Surplus / Deficit | $-545 |
| Total Assets | $213K |
| Total Liabilities | $9K |
| Net Assets | $204K |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 9.0 months |
Financial Health Grade: B
In 2023, Maine Lakes Society reported a deficit of $545 with expenses exceeding revenue, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Lakes Society's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.5% | +25.5% | +3.5% |
| 2022 | -8.6% | +2.0% | -3.0% |
| 2021 | -1.9% | +2.6% | +15.3% |
| 2020 | -0.7% | +10.7% | +28.0% |
| 2019 | +89.4% | +45.8% | +68.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Lakes Society 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: 85%
- fundraising: 5%
According to IRS 990 filings, Maine Lakes Society 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $545, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with revenues consistently above $100,000 and suggests a volunteer-led or very lean operational structure for 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 Lakes Society:
- 0% Officer Compensation: No executive compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
- Growing Assets: Assets have consistently grown, from $32,083 in 2016 to $213,113 in 2023, demonstrating financial stability and capacity.
- Low Liabilities: Liabilities remain consistently low (e.g., $8,871 in 2023), indicating strong financial management and minimal debt.
- Consistent Filing History: A long history of 13 IRS 990 filings shows transparency and compliance.
- Stable Financial Operations: Revenues and expenses are generally in balance, indicating sustainable operations.
Frequently Asked Questions about Maine Lakes Society
Is Maine Lakes Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Lakes Society (EIN: 10322800) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Maine Lakes Society spend its money?
Maine Lakes Society directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Lakes Society tax-deductible?
Maine Lakes Society is registered as a tax-exempt nonprofit (EIN: 10322800). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Lakes Society CEO make?
Maine Lakes Society's highest-compensated officer earns $100,000 annually. The organization reported $336K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Lakes Society's spending goes to programs?
Maine Lakes Society directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Lakes Society compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Maine Lakes Society is above average for NTEE category C32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Lakes Society located?
Maine Lakes Society is headquartered in Yarmouth, Maine and files with the IRS under EIN 10322800. It is classified under NTEE code C32.
How many years of IRS 990 filings does Maine Lakes Society have?
Maine Lakes Society 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 $336K in total revenue.
Is Maine Lakes Society a good charity?
Based on the provided data, Maine Lakes Society appears to be a good charity. It demonstrates strong financial health with growing assets and low liabilities, and notably, reports 0% officer compensation, suggesting a high dedication of funds to its mission.
How has Maine Lakes Society's financial health changed over time?
Maine Lakes Society's financial health has generally improved over time. Assets have grown significantly from $32,083 in 2016 to $213,113 in 2023, while liabilities have remained low and manageable, indicating increasing financial stability.
What is the trend in revenue and expenses for Maine Lakes Society?
Revenue and expenses for Maine Lakes Society have shown a general upward trend over the past decade, with both increasing from around $100,000 in 2014 to over $280,000 in 2023. They have largely remained in balance, with occasional small surpluses or deficits.
Filing History
IRS 990 filing history for Maine Lakes Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Lakes Society's revenue has grown by 247.6%, moving from $82K to $285K. Total assets increased by 202.9% over the same period, from $70K to $213K. Total functional expenses rose by 304.9%, from $70K to $285K. In its most recent filing year (2023), Maine Lakes Society reported a deficit of $545, with expenses exceeding revenue. The organization holds $9K in liabilities against $213K in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $204K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $285K | $285K | $213K | $9K | — | — |
| 2022 | $227K | $227K | $206K | $5K | — | View 990 |
| 2021 | $248K | $223K | $212K | $7K | — | View 990 |
| 2020 | $253K | $217K | $184K | $4K | — | View 990 |
| 2019 | $255K | $196K | $144K | $0 | — | View 990 |
| 2018 | $134K | $135K | $85K | $5K | — | View 990 |
| 2017 | $189K | $135K | $84K | $3K | — | View 990 |
| 2016 | $161K | $196K | $32K | $7K | — | View 990 |
| 2015 | $190K | $185K | $63K | $4K | — | View 990 |
| 2014 | $106K | $91K | $56K | $688 | — | View 990 |
| 2013 | $94K | $111K | $43K | $2K | — | View 990 |
| 2012 | $59K | $72K | $59K | $1K | — | View 990 |
| 2011 | $82K | $70K | $70K | $51 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $285K, expenses of $285K, and assets of $213K (revenue +25.5% year-over-year).
- 2022: Revenue of $227K, expenses of $227K, and assets of $206K (revenue -8.6% year-over-year).
- 2021: Revenue of $248K, expenses of $223K, and assets of $212K (revenue -1.9% year-over-year).
- 2020: Revenue of $253K, expenses of $217K, and assets of $184K (revenue -0.7% year-over-year).
- 2019: Revenue of $255K, expenses of $196K, and assets of $144K (revenue +89.4% year-over-year).
- 2018: Revenue of $134K, expenses of $135K, and assets of $85K (revenue -28.7% year-over-year).
- 2017: Revenue of $189K, expenses of $135K, and assets of $84K (revenue +17.2% year-over-year).
- 2016: Revenue of $161K, expenses of $196K, and assets of $32K (revenue -15.1% year-over-year).
- 2015: Revenue of $190K, expenses of $185K, and assets of $63K (revenue +78.4% year-over-year).
- 2014: Revenue of $106K, expenses of $91K, and assets of $56K (revenue +13.5% year-over-year).
- 2013: Revenue of $94K, expenses of $111K, and assets of $43K (revenue +57.8% year-over-year).
- 2012: Revenue of $59K, expenses of $72K, and assets of $59K (revenue -27.5% year-over-year).
- 2011: Revenue of $82K, expenses of $70K, and assets of $70K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Lakes Society:
Data Sources and Methodology
This transparency report for Maine Lakes 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.