Maine Learning Innovations
EIN: 455311876 · Augusta, ME · NTEE: B24
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $5.0M |
| Net Assets | $2.8M |
Is Maine Learning Innovations Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maine Learning Innovations
Maine Learning Innovations (EIN: 455311876) is a nonprofit organization based in Augusta, ME, classified under NTEE code B24. The organization reported total revenue of $5.8M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Learning Innovations's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Learning Innovations is a mid-size nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.4M |
| Total Expenses | $5.0M |
| Surplus / Deficit | +$408K |
| Total Assets | $3.4M |
| Total Liabilities | $663K |
| Net Assets | $2.8M |
| Operating Margin | 7.6% |
| Debt-to-Asset Ratio | 19.3% |
| Months of Reserves | 8.3 months |
Financial Health Grade: A
In 2023, Maine Learning Innovations reported a surplus of $408K with revenue exceeding expenses, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 19.3% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Maine Learning Innovations's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.5% | +6.8% | +24.3% |
| 2022 | +4.0% | -1.3% | +16.8% |
| 2021 | +17.3% | +9.9% | -2.8% |
| 2020 | -7.0% | +16.7% | -7.1% |
| 2019 | +19.7% | +22.3% | +42.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maine Learning Innovations has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maine Learning Innovations with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $408K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.3%.
Frequently Asked Questions about Maine Learning Innovations
Is Maine Learning Innovations a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Learning Innovations (EIN: 455311876) insufficient data. 0 red flags identified, 0 strengths noted.
How does Maine Learning Innovations spend its money?
Detailed spending breakdown data is not yet available for Maine Learning Innovations. Check back for updated IRS 990 analysis.
Are donations to Maine Learning Innovations tax-deductible?
Maine Learning Innovations is registered as a tax-exempt nonprofit (EIN: 455311876). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maine Learning Innovations located?
Maine Learning Innovations is headquartered in Augusta, Maine and files with the IRS under EIN 455311876. It is classified under NTEE code B24.
How many years of IRS 990 filings does Maine Learning Innovations have?
Maine Learning Innovations has 8 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 $5.8M in total revenue.
Filing History
IRS 990 filing history for Maine Learning Innovations showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Maine Learning Innovations's revenue has grown by 112.4%, moving from $2.5M to $5.4M. Total assets increased by 414% over the same period, from $668K to $3.4M. Total functional expenses rose by 130.4%, from $2.2M to $5.0M. In its most recent filing year (2023), Maine Learning Innovations reported a surplus of $408K, with revenue exceeding expenses. The organization holds $663K in liabilities against $3.4M in assets (debt-to-asset ratio: 19.3%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.4M | $5.0M | $3.4M | $663K | — | View 990 |
| 2022 | $5.0M | $4.7M | $2.8M | $399K | — | View 990 |
| 2021 | $4.8M | $4.7M | $2.4M | $305K | — | View 990 |
| 2020 | $4.1M | $4.3M | $2.4M | $423K | — | View 990 |
| 2019 | $4.4M | $3.7M | $2.6M | $382K | — | View 990 |
| 2018 | $3.7M | $3.0M | $1.8M | $293K | — | View 990 |
| 2017 | $3.2M | $2.7M | $1.0M | $87K | — | View 990 |
| 2016 | $2.5M | $2.2M | $668K | $287K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.4M, expenses of $5.0M, and assets of $3.4M (revenue +8.5% year-over-year).
- 2022: Revenue of $5.0M, expenses of $4.7M, and assets of $2.8M (revenue +4.0% year-over-year).
- 2021: Revenue of $4.8M, expenses of $4.7M, and assets of $2.4M (revenue +17.3% year-over-year).
- 2020: Revenue of $4.1M, expenses of $4.3M, and assets of $2.4M (revenue -7.0% year-over-year).
- 2019: Revenue of $4.4M, expenses of $3.7M, and assets of $2.6M (revenue +19.7% year-over-year).
- 2018: Revenue of $3.7M, expenses of $3.0M, and assets of $1.8M (revenue +12.6% year-over-year).
- 2017: Revenue of $3.2M, expenses of $2.7M, and assets of $1.0M (revenue +28.0% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.2M, and assets of $668K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Learning Innovations:
Data Sources and Methodology
This transparency report for Maine Learning Innovations 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.