Maine Mineral & Gem Museum
EIN: 453818749 · Bethel, ME · NTEE: A50
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.8M |
| Net Assets | $4.4M |
Is Maine Mineral & Gem Museum Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maine Mineral & Gem Museum
Maine Mineral & Gem Museum (EIN: 453818749) is a nonprofit organization based in Bethel, ME, classified under NTEE code A50. The organization reported total revenue of $1.3M and total assets of $15.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Mineral & Gem Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Mineral & Gem Museum is a mid-size nonprofit that has been operating for 2 years, with 5 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$197K |
| Total Assets | $15.7M |
| Total Liabilities | $11.3M |
| Net Assets | $4.4M |
| Operating Margin | 10.1% |
| Debt-to-Asset Ratio | 71.9% |
| Months of Reserves | 106.9 months |
Financial Health Grade: A
In 2023, Maine Mineral & Gem Museum reported a surplus of $197K with revenue exceeding expenses, holds 106.9 months of operating reserves (strong position), has a debt-to-asset ratio of 71.9% (high leverage).
Financial Trends
Over 5 years of filings (2013–2023), Maine Mineral & Gem Museum's revenue has declined at a compound annual growth rate (CAGR) of -11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +277.5% | +3.2% | +5.4% |
| 2022 | +3.4% | +162.5% | +66.0% |
| 2015 | +837.9% | +47.5% | +15.3% |
| 2014 | -99.2% | +15.3% | +10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maine Mineral & Gem Museum 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 Mineral & Gem Museum 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 $197K, with revenue exceeding expenses.
- Debt-to-asset ratio: 71.9%.
Frequently Asked Questions about Maine Mineral & Gem Museum
Is Maine Mineral & Gem Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Mineral & Gem Museum (EIN: 453818749) insufficient data. 0 red flags identified, 0 strengths noted.
How does Maine Mineral & Gem Museum spend its money?
Detailed spending breakdown data is not yet available for Maine Mineral & Gem Museum. Check back for updated IRS 990 analysis.
Are donations to Maine Mineral & Gem Museum tax-deductible?
Maine Mineral & Gem Museum is registered as a tax-exempt nonprofit (EIN: 453818749). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maine Mineral & Gem Museum located?
Maine Mineral & Gem Museum is headquartered in Bethel, Maine and files with the IRS under EIN 453818749. It is classified under NTEE code A50.
How many years of IRS 990 filings does Maine Mineral & Gem Museum have?
Maine Mineral & Gem Museum has 5 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for Maine Mineral & Gem Museum showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2013–2023), Maine Mineral & Gem Museum's revenue has declined by 71.3%, moving from $6.8M to $2.0M. Total assets increased by 123.5% over the same period, from $7.0M to $15.7M. Total functional expenses rose by 360.5%, from $382K to $1.8M. In its most recent filing year (2023), Maine Mineral & Gem Museum reported a surplus of $197K, with revenue exceeding expenses. The organization holds $11.3M in liabilities against $15.7M in assets (debt-to-asset ratio: 71.9%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.8M | $15.7M | $11.3M | — | — |
| 2022 | $518K | $1.7M | $14.9M | $10.6M | — | View 990 |
| 2015 | $501K | $649K | $9.0M | $3.4M | — | View 990 |
| 2014 | $53K | $440K | $7.8M | $2.0M | — | View 990 |
| 2013 | $6.8M | $382K | $7.0M | $813K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.8M, and assets of $15.7M (revenue +277.5% year-over-year).
- 2022: Revenue of $518K, expenses of $1.7M, and assets of $14.9M (revenue +3.4% year-over-year).
- 2015: Revenue of $501K, expenses of $649K, and assets of $9.0M (revenue +837.9% year-over-year).
- 2014: Revenue of $53K, expenses of $440K, and assets of $7.8M (revenue -99.2% year-over-year).
- 2013: Revenue of $6.8M, expenses of $382K, and assets of $7.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Mineral & Gem Museum:
Data Sources and Methodology
This transparency report for Maine Mineral & Gem 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.