Maine Maritime Museum
Maine Maritime Museum maintains strong assets despite recent operational deficits and no reported officer compensation.
EIN: 10271477 · Bath, ME · NTEE: A500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $4.1M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $17 |
| Net Assets | $16.6M |
| Transparency Score | 80/100 |
Search Intent Cockpit
Maine Maritime Museum Form 990, Revenue, CEO Pay, and IRS Filing Signals
Maine Maritime Museum is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Maine Maritime Museum in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $2.8M and expenses of $4.1M.
Revenue and Expenses
Maine Maritime Museum reported $2.8M in revenue and $4.1M in expenses, a deficit of $1.3M.
Executive Compensation
Top officer compensation appears as $17 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
80/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Maine Maritime Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.1M (75%) |
Across stored filings, Maine Maritime Museum shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Arts & Culture context |
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Maine Maritime Museum directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Maritime Museum
Maine Maritime Museum (EIN: 10271477) is a nonprofit organization based in Bath, ME, classified under NTEE code A500. The organization reported total revenue of $4.7M and total assets of $17.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Maritime Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Maritime Museum is a mid-size nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $4.1M |
| Surplus / Deficit | $-1,342,818 |
| Total Assets | $17.1M |
| Total Liabilities | $515K |
| Net Assets | $16.6M |
| Operating Margin | -48.6% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 49.9 months |
Financial Health Grade: B
In 2023, Maine Maritime Museum reported a deficit of $1.3M with expenses exceeding revenue, holds 49.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Maritime Museum's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.5% | -4.3% | -2.8% |
| 2022 | +14.9% | +36.2% | -8.3% |
| 2021 | +40.0% | +13.5% | +9.1% |
| 2020 | -23.5% | -6.5% | +1.0% |
| 2019 | -21.4% | -14.5% | +10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1964 |
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 Maritime Museum 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Maine Maritime Museum allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with assets exceeding $17 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 Maritime Museum's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023: $1.3M deficit, 2022: $138K deficit), indicating expenses exceeding revenue.
- Unusually low revenue in the latest filing ($2,760,199) compared to prior years, potentially impacting sustainability.
- 0% officer compensation reported across all filings, which is highly uncommon for an organization of this scale and could indicate a lack of transparency in how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for Maine Maritime Museum:
- Strong and growing asset base, increasing from $12.4M in 2014 to $17.0M in 2023, providing financial stability.
- Consistent IRS 990 filing history (13 filings), demonstrating good compliance and transparency.
- Low liabilities relative to assets (e.g., $515,016 liabilities vs. $17,067,150 assets in 2023), indicating a healthy balance sheet.
Frequently Asked Questions about Maine Maritime Museum
Is Maine Maritime Museum a legitimate charity?
Maine Maritime Museum (EIN: 10271477) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.7M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Maine Maritime Museum spend its money?
Maine Maritime Museum directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Maine Maritime Museum tax-deductible?
Maine Maritime Museum is registered as a tax-exempt nonprofit (EIN: 10271477). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Maritime Museum CEO make?
Maine Maritime Museum's highest-compensated officer earns $17 annually. The organization reported $4.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Maritime Museum's spending goes to programs?
Maine Maritime Museum directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Maritime Museum compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Maine Maritime Museum is above average for NTEE category A500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Maritime Museum located?
Maine Maritime Museum is headquartered in Bath, Maine and files with the IRS under EIN 10271477. It is classified under NTEE code A500.
How many years of IRS 990 filings does Maine Maritime Museum have?
Maine Maritime Museum 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 $4.7M in total revenue.
Is Maine Maritime Museum a good charity?
Based on the available data, the Maine Maritime Museum appears to be a well-established organization with substantial assets and a consistent filing history. The lack of reported officer compensation is a notable positive, suggesting resources are directed elsewhere. However, recent operational deficits (e.g., 2023 expenses of $4.1M vs. revenue of $2.7M) warrant closer examination of revenue generation and expense management.
Why is officer compensation reported as 0%?
The consistent reporting of 0% for officer compensation across all 10 available filings is highly unusual for an organization of this size. It could indicate that officers are compensated by a related entity, are volunteers, or that compensation is reported under a different expense category not explicitly labeled as 'officer compensation' in the summary data provided.
How has the museum's revenue trended over the past few years?
The museum's revenue has fluctuated significantly. It was $3,611,205 in 2021, increased to $4,150,146 in 2022, but then dropped to $2,760,199 in 2023, representing a notable decrease in the most recent period.
What is the trend in the museum's assets?
The museum's assets have shown a strong upward trend over the past decade, growing from $12,431,875 in 2014 to $17,067,150 in 2023, indicating good financial stewardship and growth in its resource base.
Filing History
IRS 990 filing history for Maine Maritime Museum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Maritime Museum's revenue has grown by 64.8%, moving from $1.7M to $2.8M. Total assets increased by 50.6% over the same period, from $11.3M to $17.1M. Total functional expenses rose by 109.9%, from $2.0M to $4.1M. In its most recent filing year (2023), Maine Maritime Museum reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $515K in liabilities against $17.1M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $16.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $4.1M | $17.1M | $515K | — | — |
| 2022 | $4.2M | $4.3M | $17.6M | $638K | — | View 990 |
| 2021 | $3.6M | $3.1M | $19.1M | $516K | — | View 990 |
| 2020 | $2.6M | $2.8M | $17.6M | $401K | — | — |
| 2019 | $3.4M | $3.0M | $17.4M | $449K | — | View 990 |
| 2018 | $4.3M | $3.5M | $15.7M | $413K | — | View 990 |
| 2017 | $5.2M | $3.4M | $15.8M | $457K | — | View 990 |
| 2016 | $3.3M | $2.6M | $13.4M | $485K | — | View 990 |
| 2015 | $2.7M | $2.6M | $12.3M | $428K | — | View 990 |
| 2014 | $2.7M | $2.4M | $12.4M | $339K | — | View 990 |
| 2013 | $2.5M | $2.5M | $12.0M | $216K | — | View 990 |
| 2012 | $2.3M | $2.1M | $11.7M | $217K | — | View 990 |
| 2011 | $1.7M | $2.0M | $11.3M | $256K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $4.1M, and assets of $17.1M (revenue -33.5% year-over-year).
- 2022: Revenue of $4.2M, expenses of $4.3M, and assets of $17.6M (revenue +14.9% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.1M, and assets of $19.1M (revenue +40.0% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.8M, and assets of $17.6M (revenue -23.5% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.0M, and assets of $17.4M (revenue -21.4% year-over-year).
- 2018: Revenue of $4.3M, expenses of $3.5M, and assets of $15.7M (revenue -18.0% year-over-year).
- 2017: Revenue of $5.2M, expenses of $3.4M, and assets of $15.8M (revenue +58.1% year-over-year).
- 2016: Revenue of $3.3M, expenses of $2.6M, and assets of $13.4M (revenue +23.1% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.6M, and assets of $12.3M (revenue -0.1% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.4M, and assets of $12.4M (revenue +5.8% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.5M, and assets of $12.0M (revenue +9.3% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.1M, and assets of $11.7M (revenue +38.8% year-over-year).
- 2011: Revenue of $1.7M, expenses of $2.0M, and assets of $11.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Maritime Museum:
Data Sources and Methodology
This transparency report for Maine Maritime Museum 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.