Maine Museum Of Innovation Learning And Labor
Maine Museum Of Innovation Learning And Labor consistently generates significant surpluses and has zero reported officer compensation.
EIN: 10504257 · Lewiston, ME · NTEE: A50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $301K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.9 |
| Net Assets | $7.3M |
| Transparency Score | 95/100 |
Is Maine Museum Of Innovation Learning And Labor Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Museum Of Innovation Learning And Labor directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Museum Of Innovation Learning And Labor
Maine Museum Of Innovation Learning And Labor (EIN: 10504257) is a nonprofit organization based in Lewiston, ME, classified under NTEE code A50. The organization reported total revenue of $1.9M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Museum Of Innovation Learning And Labor's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Museum Of Innovation Learning And Labor is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $301K |
| Surplus / Deficit | +$1.2M |
| Total Assets | $7.4M |
| Total Liabilities | $112K |
| Net Assets | $7.3M |
| Operating Margin | 80.5% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 295.7 months |
Financial Health Grade: A
In 2023, Maine Museum Of Innovation Learning And Labor reported a surplus of $1.2M with revenue exceeding expenses, holds 295.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Museum Of Innovation Learning And Labor's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +95.4% | +13.1% | +20.2% |
| 2022 | -77.4% | +21.4% | +6.1% |
| 2021 | +1377.5% | +2.1% | +140.0% |
| 2020 | -13.6% | -15.5% | +4.3% |
| 2019 | +137.1% | -11.6% | +6.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Museum Of Innovation Learning And Labor with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Maine Museum Of Innovation Learning And Labor allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly unusual for an organization with nearly $1.9 million in latest revenue and over $7 million in assets.
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 Museum Of Innovation Learning And Labor's IRS 990 filings:
- Unusually low expense ratio relative to revenue, potentially indicating significant funds held for future projects or capital campaigns rather than immediate program delivery, or a lack of detailed expense breakdown in filings.
- Consistent 0% officer compensation for an organization with growing revenue and assets could suggest compensation is reported under other categories or that the organization relies heavily on uncompensated leadership, which might not be sustainable long-term for an organization of this size.
Strengths
The following positive indicators were identified for Maine Museum Of Innovation Learning And Labor:
- Exceptional financial health with consistent and significant revenue surpluses, such as $1,246,290 in 2023.
- Rapidly growing asset base, increasing from $2.4 million in 2020 to over $7.4 million in 2023, indicating strong financial stewardship.
- Outstanding spending efficiency, with expenses often representing a small percentage of total revenue (e.g., 19.5% in 2023).
- High transparency regarding executive compensation, with 0% reported officer compensation across all filings.
- Low liabilities relative to assets, demonstrating a strong balance sheet and financial stability.
Frequently Asked Questions about Maine Museum Of Innovation Learning And Labor
Is Maine Museum Of Innovation Learning And Labor a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Museum Of Innovation Learning And Labor (EIN: 10504257) some concerns. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
How does Maine Museum Of Innovation Learning And Labor spend its money?
Maine Museum Of Innovation Learning And Labor directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Museum Of Innovation Learning And Labor tax-deductible?
Maine Museum Of Innovation Learning And Labor is registered as a tax-exempt nonprofit (EIN: 10504257). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Museum Of Innovation Learning And Labor CEO make?
Maine Museum Of Innovation Learning And Labor's highest-compensated officer earns $1.9 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Museum Of Innovation Learning And Labor's spending goes to programs?
Maine Museum Of Innovation Learning And Labor directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Museum Of Innovation Learning And Labor compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Maine Museum Of Innovation Learning And Labor is above average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Museum Of Innovation Learning And Labor located?
Maine Museum Of Innovation Learning And Labor is headquartered in Lewiston, Maine and files with the IRS under EIN 10504257. It is classified under NTEE code A50.
How many years of IRS 990 filings does Maine Museum Of Innovation Learning And Labor have?
Maine Museum Of Innovation Learning And Labor 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 $1.9M in total revenue.
Is Maine Museum Of Innovation Learning And Labor a good charity?
Based on its financial data, Maine Museum Of Innovation Learning And Labor appears to be a very good charity. It consistently generates significant surpluses, has a rapidly growing asset base (from $2.4M in 2020 to $7.4M in 2023), and reports 0% officer compensation, indicating strong financial health and a high degree of transparency regarding leadership compensation.
How does MMILL manage its expenses relative to its revenue?
MMILL manages its expenses exceptionally well relative to its revenue. In 2023, expenses were $301,081 against revenue of $1,547,371, resulting in a large surplus. This trend is consistent, with expenses often being a small fraction of total revenue, suggesting efficient operations and significant reinvestment or savings.
What is the trend in MMILL's assets?
MMILL's assets have shown a strong upward trend, growing from $2,423,683 in 2020 to $7,420,322 in 2023. This substantial increase indicates effective financial management and accumulation of resources to support its mission.
Filing History
IRS 990 filing history for Maine Museum Of Innovation Learning And Labor showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Museum Of Innovation Learning And Labor's revenue has grown by 184.5%, moving from $544K to $1.5M. Total assets increased by 1084.3% over the same period, from $627K to $7.4M. Total functional expenses fell by 31.2%, from $437K to $301K. In its most recent filing year (2023), Maine Museum Of Innovation Learning And Labor reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $112K in liabilities against $7.4M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $301K | $7.4M | $112K | — | View 990 |
| 2022 | $792K | $266K | $6.2M | $6K | — | View 990 |
| 2021 | $3.5M | $219K | $5.8M | $4K | — | View 990 |
| 2020 | $237K | $215K | $2.4M | $48 | — | View 990 |
| 2019 | $274K | $254K | $2.3M | $11K | — | View 990 |
| 2018 | $116K | $287K | $2.2M | $8K | — | View 990 |
| 2017 | $125K | $231K | $2.4M | $10K | — | View 990 |
| 2016 | $1.6M | $116K | $2.5M | $5K | — | View 990 |
| 2015 | $202K | $160K | $934K | $4K | — | View 990 |
| 2014 | $198K | $197K | $893K | $5K | — | View 990 |
| 2013 | $365K | $387K | $890K | $3K | — | View 990 |
| 2012 | $729K | $443K | $936K | $27K | — | View 990 |
| 2011 | $544K | $437K | $627K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $301K, and assets of $7.4M (revenue +95.4% year-over-year).
- 2022: Revenue of $792K, expenses of $266K, and assets of $6.2M (revenue -77.4% year-over-year).
- 2021: Revenue of $3.5M, expenses of $219K, and assets of $5.8M (revenue +1377.5% year-over-year).
- 2020: Revenue of $237K, expenses of $215K, and assets of $2.4M (revenue -13.6% year-over-year).
- 2019: Revenue of $274K, expenses of $254K, and assets of $2.3M (revenue +137.1% year-over-year).
- 2018: Revenue of $116K, expenses of $287K, and assets of $2.2M (revenue -7.4% year-over-year).
- 2017: Revenue of $125K, expenses of $231K, and assets of $2.4M (revenue -92.2% year-over-year).
- 2016: Revenue of $1.6M, expenses of $116K, and assets of $2.5M (revenue +693.2% year-over-year).
- 2015: Revenue of $202K, expenses of $160K, and assets of $934K (revenue +2.2% year-over-year).
- 2014: Revenue of $198K, expenses of $197K, and assets of $893K (revenue -45.8% year-over-year).
- 2013: Revenue of $365K, expenses of $387K, and assets of $890K (revenue -49.9% year-over-year).
- 2012: Revenue of $729K, expenses of $443K, and assets of $936K (revenue +34.0% year-over-year).
- 2011: Revenue of $544K, expenses of $437K, and assets of $627K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Museum Of Innovation Learning And Labor:
Data Sources and Methodology
This transparency report for Maine Museum Of Innovation Learning And Labor 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.