Maine Outdoor Brands Inc
EIN: 822561027 · Portland, ME · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $804K |
| Total Expenses | $448K |
| Net Assets | $138K |
Is Maine Outdoor Brands Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maine Outdoor Brands Inc
Maine Outdoor Brands Inc (EIN: 822561027) is a nonprofit organization based in Portland, ME, classified under NTEE code S41. The organization reported total revenue of $804K and total assets of $247K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Outdoor Brands Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Outdoor Brands Inc is a small nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 49.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $471K |
| Total Expenses | $448K |
| Surplus / Deficit | +$23K |
| Total Assets | $164K |
| Total Liabilities | $26K |
| Net Assets | $138K |
| Operating Margin | 4.8% |
| Debt-to-Asset Ratio | 15.7% |
| Months of Reserves | 4.4 months |
Financial Health Grade: A
In 2023, Maine Outdoor Brands Inc reported a surplus of $23K with revenue exceeding expenses, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 15.7% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Maine Outdoor Brands Inc's revenue has grown at a compound annual growth rate (CAGR) of 49.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.8% | +92.3% | +3.8% |
| 2022 | +52.1% | +24.9% | +73.2% |
| 2021 | +10.4% | +24.5% | +71.5% |
| 2020 | +84.7% | +92.3% | +66.4% |
| 2019 | +46.6% | +19.8% | +85.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maine Outdoor Brands Inc 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 Outdoor Brands Inc 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 $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.7%.
Frequently Asked Questions about Maine Outdoor Brands Inc
Is Maine Outdoor Brands Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Outdoor Brands Inc (EIN: 822561027) insufficient data. 0 red flags identified, 0 strengths noted.
How does Maine Outdoor Brands Inc spend its money?
Detailed spending breakdown data is not yet available for Maine Outdoor Brands Inc. Check back for updated IRS 990 analysis.
Are donations to Maine Outdoor Brands Inc tax-deductible?
Maine Outdoor Brands Inc is registered as a tax-exempt nonprofit (EIN: 822561027). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maine Outdoor Brands Inc located?
Maine Outdoor Brands Inc is headquartered in Portland, Maine and files with the IRS under EIN 822561027. It is classified under NTEE code S41.
How many years of IRS 990 filings does Maine Outdoor Brands Inc have?
Maine Outdoor Brands Inc has 6 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 $804K in total revenue.
Filing History
IRS 990 filing history for Maine Outdoor Brands Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Maine Outdoor Brands Inc's revenue has grown by 645.2%, moving from $63K to $471K. Total assets increased by 848.8% over the same period, from $17K to $164K. Total functional expenses rose by 589%, from $65K to $448K. In its most recent filing year (2023), Maine Outdoor Brands Inc reported a surplus of $23K, with revenue exceeding expenses. The organization holds $26K in liabilities against $164K in assets (debt-to-asset ratio: 15.7%), resulting in net assets of $138K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $471K | $448K | $164K | $26K | — | — |
| 2022 | $287K | $233K | $158K | $23K | — | View 990 |
| 2021 | $189K | $187K | $91K | $39K | — | View 990 |
| 2020 | $171K | $150K | $53K | $0 | — | View 990 |
| 2019 | $93K | $78K | $32K | $0 | — | View 990 |
| 2018 | $63K | $65K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $471K, expenses of $448K, and assets of $164K (revenue +63.8% year-over-year).
- 2022: Revenue of $287K, expenses of $233K, and assets of $158K (revenue +52.1% year-over-year).
- 2021: Revenue of $189K, expenses of $187K, and assets of $91K (revenue +10.4% year-over-year).
- 2020: Revenue of $171K, expenses of $150K, and assets of $53K (revenue +84.7% year-over-year).
- 2019: Revenue of $93K, expenses of $78K, and assets of $32K (revenue +46.6% year-over-year).
- 2018: Revenue of $63K, expenses of $65K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Outdoor Brands Inc:
Data Sources and Methodology
This transparency report for Maine Outdoor Brands Inc 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.