Maine Pharmaceutical Association
EIN: 237440515 · Augusta, ME
| Metric | Value |
|---|---|
| Total Revenue | $61K |
| Total Expenses | $20K |
| Net Assets | $117K |
Is Maine Pharmaceutical Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maine Pharmaceutical Association
Maine Pharmaceutical Association (EIN: 237440515) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $61K and total assets of $144K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Pharmaceutical Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Pharmaceutical Association is a micro nonprofit that has been operating for 51 years, with 10 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -11.4%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $20K |
| Total Expenses | $20K |
| Surplus / Deficit | $-692 |
| Total Assets | $117K |
| Net Assets | $117K |
| Operating Margin | -3.5% |
| Months of Reserves | 69.7 months |
Financial Health Grade: B
In 2019, Maine Pharmaceutical Association reported a deficit of $692 with expenses exceeding revenue, holds 69.7 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2011–2019), Maine Pharmaceutical Association's revenue has declined at a compound annual growth rate (CAGR) of -11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -61.3% | -69.7% | +0.8% |
| 2019 | -47.7% | -39.1% | -12.9% |
| 2018 | +72.3% | +101.7% | -8.9% |
| 2017 | -33.6% | -8.5% | +3.2% |
| 2016 | +20.8% | -4.6% | +21.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maine Pharmaceutical Association 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 Pharmaceutical Association 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $692, with expenses exceeding revenue.
Frequently Asked Questions about Maine Pharmaceutical Association
Is Maine Pharmaceutical Association a legitimate charity?
Maine Pharmaceutical Association (EIN: 237440515) is a registered tax-exempt nonprofit based in Maine. It has 10 years of IRS 990 filings on record. Total revenue: $61K. No red flags identified. Financial health grade: B.
How does Maine Pharmaceutical Association spend its money?
Maine Pharmaceutical Association reported $61K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Maine Pharmaceutical Association tax-deductible?
Maine Pharmaceutical Association is registered as a tax-exempt nonprofit (EIN: 237440515). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maine Pharmaceutical Association located?
Maine Pharmaceutical Association is headquartered in Augusta, Maine and files with the IRS under EIN 237440515.
How many years of IRS 990 filings does Maine Pharmaceutical Association have?
Maine Pharmaceutical Association has 10 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 $61K in total revenue.
Filing History
IRS 990 filing history for Maine Pharmaceutical Association showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2019), Maine Pharmaceutical Association's revenue has declined by 62%, moving from $51K to $20K. Total assets increased by 30.3% over the same period, from $90K to $117K. Total functional expenses fell by 43.3%, from $36K to $20K. In its most recent filing year (2019), Maine Pharmaceutical Association reported a deficit of $692, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $20K | $20K | $117K | $0 | — | View 990 |
| 2019 | $50K | $67K | $117K | $0 | — | View 990 |
| 2018 | $96K | $109K | $134K | $0 | — | View 990 |
| 2017 | $56K | $54K | $147K | $0 | — | View 990 |
| 2016 | $84K | $59K | $142K | $0 | — | View 990 |
| 2015 | $70K | $62K | $117K | $0 | — | View 990 |
| 2014 | $82K | $59K | $113K | $0 | — | View 990 |
| 2013 | $64K | $69K | $75K | $0 | — | View 990 |
| 2012 | $74K | $83K | $81K | $0 | — | View 990 |
| 2011 | $51K | $36K | $90K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $20K, expenses of $20K, and assets of $117K (revenue -61.3% year-over-year).
- 2019: Revenue of $50K, expenses of $67K, and assets of $117K (revenue -47.7% year-over-year).
- 2018: Revenue of $96K, expenses of $109K, and assets of $134K (revenue +72.3% year-over-year).
- 2017: Revenue of $56K, expenses of $54K, and assets of $147K (revenue -33.6% year-over-year).
- 2016: Revenue of $84K, expenses of $59K, and assets of $142K (revenue +20.8% year-over-year).
- 2015: Revenue of $70K, expenses of $62K, and assets of $117K (revenue -14.5% year-over-year).
- 2014: Revenue of $82K, expenses of $59K, and assets of $113K (revenue +27.5% year-over-year).
- 2013: Revenue of $64K, expenses of $69K, and assets of $75K (revenue -13.7% year-over-year).
- 2012: Revenue of $74K, expenses of $83K, and assets of $81K (revenue +44.3% year-over-year).
- 2011: Revenue of $51K, expenses of $36K, and assets of $90K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Pharmaceutical Association:
Data Sources and Methodology
This transparency report for Maine Pharmaceutical Association 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.