Maine Media College

Maine Media College shows consistent asset growth but experienced a deficit in its most recent fiscal year.

EIN: 205933625 · Rockport, ME · Updated: 2026-03-28

$4.8MRevenue

$7.5MAssets

85/100Mission Score (Excellent)

About Maine Media College

Maine Media College (EIN: 205933625) is a nonprofit organization based in Rockport, ME. The organization reported total revenue of $4.8M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Media College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Maine Media College demonstrates a generally stable financial position, with assets consistently exceeding liabilities over the past decade. While revenue has fluctuated, it has largely kept pace with or exceeded expenses in most years, indicating responsible financial management. For instance, in 2021, revenue of $3,148,520 surpassed expenses of $2,907,306. However, the most recent filing (2023) shows expenses ($3,960,694) exceeding revenue ($3,384,658), leading to a deficit. The organization's consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing resources towards its mission rather than executive salaries, which is a positive indicator of financial transparency and efficiency. The growth in assets from $2,937,152 in 2014 to $6,791,001 in 2023 also points to long-term financial health and capacity building.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Maine Media College with a Mission Score of 85 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: 80%
fundraising: 5%

According to IRS 990 filings, Maine Media College 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no officers received reportable compensation from the organization, which is highly favorable for resource allocation.

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 Media College's IRS 990 filings:

Expenses exceeded revenue in the most recent fiscal year (2023), leading to a deficit of $576,036.

Strengths

The following positive indicators were identified for Maine Media College:

Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in executive pay.
Significant growth in assets from $2,937,152 in 2014 to $6,791,001 in 2023, demonstrating financial stability and growth.
Liabilities are consistently well below assets, indicating a healthy balance sheet.
Revenue has generally kept pace with or exceeded expenses in most years prior to 2023.

Frequently Asked Questions about Maine Media College

Is Maine Media College a good charity?

Based on the available data, Maine Media College appears to be a well-managed organization with a strong commitment to its mission, evidenced by consistent asset growth and 0% officer compensation. While the most recent year showed a deficit, its long-term financial trends are positive.

What caused the deficit in the 2023 fiscal year?

The provided data indicates that in 2023, expenses ($3,960,694) exceeded revenue ($3,384,658) by $576,036. Without more detailed financial statements, the specific causes (e.g., increased program costs, decreased donations, investment losses) cannot be determined from this summary.

How has the organization's asset base changed over time?

Maine Media College has shown significant asset growth, increasing from $2,937,152 in 2014 to $6,791,001 in 2023, demonstrating a strong trend of building financial reserves and capacity.

Filing History

IRS 990 filing history for Maine Media College showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Maine Media College's revenue has grown by 6.5%, moving from $3.2M to $3.4M. Total assets increased by 134.6% over the same period, from $2.9M to $6.8M. Total functional expenses rose by 14.3%, from $3.5M to $4.0M. In its most recent filing year (2023), Maine Media College reported a deficit of $576K, with expenses exceeding revenue. The organization holds $2.3M in liabilities against $6.8M in assets (debt-to-asset ratio: 33.8%), resulting in net assets of $4.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.4M	$4.0M	$6.8M	$2.3M	—	—
2022	$3.4M	$3.5M	$7.0M	$2.2M	—	—
2021	$3.1M	$2.9M	$7.4M	$2.2M	—	View 990
2020	$3.3M	$2.5M	$7.2M	$2.4M	—	View 990
2019	$4.1M	$3.8M	$5.2M	$1.2M	—	View 990
2018	$3.7M	$3.7M	$4.9M	$1.2M	—	View 990
2017	$4.0M	$3.7M	$4.8M	$1.2M	—	View 990
2016	$3.6M	$3.6M	$4.4M	$1.1M	—	View 990
2015	$4.4M	$3.7M	$4.4M	$1.2M	—	View 990
2014	$3.7M	$3.6M	$2.9M	$366K	—	View 990
2013	$3.6M	$3.5M	$2.8M	$320K	—	View 990
2012	$3.4M	$3.4M	$2.8M	$386K	—	View 990
2011	$3.2M	$3.5M	$2.9M	$473K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.4M, expenses of $4.0M, and assets of $6.8M (revenue -0.8% year-over-year).
2022: Revenue of $3.4M, expenses of $3.5M, and assets of $7.0M (revenue +8.3% year-over-year).
2021: Revenue of $3.1M, expenses of $2.9M, and assets of $7.4M (revenue -3.6% year-over-year).
2020: Revenue of $3.3M, expenses of $2.5M, and assets of $7.2M (revenue -19.4% year-over-year).
2019: Revenue of $4.1M, expenses of $3.8M, and assets of $5.2M (revenue +10.5% year-over-year).
2018: Revenue of $3.7M, expenses of $3.7M, and assets of $4.9M (revenue -9.3% year-over-year).
2017: Revenue of $4.0M, expenses of $3.7M, and assets of $4.8M (revenue +12.5% year-over-year).
2016: Revenue of $3.6M, expenses of $3.6M, and assets of $4.4M (revenue -18.9% year-over-year).
2015: Revenue of $4.4M, expenses of $3.7M, and assets of $4.4M (revenue +20.0% year-over-year).
2014: Revenue of $3.7M, expenses of $3.6M, and assets of $2.9M (revenue +4.0% year-over-year).
2013: Revenue of $3.6M, expenses of $3.5M, and assets of $2.8M (revenue +5.0% year-over-year).
2012: Revenue of $3.4M, expenses of $3.4M, and assets of $2.8M (revenue +6.5% year-over-year).
2011: Revenue of $3.2M, expenses of $3.5M, and assets of $2.9M.

Data Sources and Methodology

This transparency report for Maine Media College 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.