Maine Philanthropy Center
Maine Philanthropy Center shows stable assets but recent operating deficits, with no reported officer compensation.
EIN: 10503126 · Portland, ME · NTEE: B70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $480K |
| Total Expenses | $448K |
| Program Spending | 70% |
| Net Assets | $474K |
| Transparency Score | 75/100 |
Is Maine Philanthropy Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Philanthropy Center directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Maine Philanthropy Center
Maine Philanthropy Center (EIN: 10503126) is a nonprofit organization based in Portland, ME, classified under NTEE code B70. The organization reported total revenue of $480K and total assets of $485K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Philanthropy Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Philanthropy Center is a small 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 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $403K |
| Total Expenses | $448K |
| Surplus / Deficit | $-44,753 |
| Total Assets | $548K |
| Total Liabilities | $75K |
| Net Assets | $474K |
| Operating Margin | -11.1% |
| Debt-to-Asset Ratio | 13.6% |
| Months of Reserves | 14.7 months |
Financial Health Grade: B
In 2023, Maine Philanthropy Center reported a deficit of $45K with expenses exceeding revenue, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 13.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Philanthropy Center's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.1% | -8.4% | -8.6% |
| 2022 | -5.8% | +20.3% | +3.4% |
| 2021 | +27.0% | +21.9% | +12.7% |
| 2020 | -4.3% | -17.4% | +24.3% |
| 2019 | +2.0% | -1.9% | -7.2% |
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 Philanthropy Center with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Maine Philanthropy Center allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a strong positive for a nonprofit of its size, suggesting resources are directed away from executive salaries.
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 Philanthropy Center's IRS 990 filings:
- Recent operating deficits (2023: -$44,753; 2022: -$8,058) indicate expenses exceeding revenue.
- Lack of detailed functional expense breakdown in provided data limits full spending efficiency analysis.
Strengths
The following positive indicators were identified for Maine Philanthropy Center:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Long history of IRS 990 filings demonstrates commitment to transparency and compliance.
- Stable asset base (around $500,000) provides a financial buffer.
- Positive operating surpluses in some years (e.g., 2021: +$103,961; 2020: +$68,444) demonstrate capacity for effective financial management.
Frequently Asked Questions about Maine Philanthropy Center
Is Maine Philanthropy Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Philanthropy Center (EIN: 10503126) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Maine Philanthropy Center spend its money?
Maine Philanthropy Center directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Philanthropy Center tax-deductible?
Maine Philanthropy Center is registered as a tax-exempt nonprofit (EIN: 10503126). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Philanthropy Center's spending goes to programs?
Maine Philanthropy Center directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Maine Philanthropy Center compare to similar nonprofits?
With a transparency score of 75/100 (Good), Maine Philanthropy Center is above average for NTEE category B70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Philanthropy Center located?
Maine Philanthropy Center is headquartered in Portland, Maine and files with the IRS under EIN 10503126. It is classified under NTEE code B70.
How many years of IRS 990 filings does Maine Philanthropy Center have?
Maine Philanthropy Center 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 $480K in total revenue.
Is Maine Philanthropy Center financially stable?
While the organization has maintained consistent asset levels around $500,000, it has experienced operating deficits in 2023 ($44,753 deficit) and 2022 ($8,058 deficit). This trend warrants close monitoring to ensure long-term financial stability, despite surpluses in prior years like 2021.
How does Maine Philanthropy Center manage executive compensation?
Maine Philanthropy Center reports 0% officer compensation in all available IRS 990 filings, indicating that no officers received salaries or other compensation from the organization. This is a highly positive aspect of its financial management.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have generally fluctuated between $300,000 and $500,000 over the past decade. Recent years show a slight increase in expenses relative to revenue, leading to deficits in 2022 and 2023, contrasting with surpluses in 2020 and 2021.
Filing History
IRS 990 filing history for Maine Philanthropy Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Philanthropy Center's revenue has grown by 18.7%, moving from $340K to $403K. Total assets increased by 32.3% over the same period, from $415K to $548K. Total functional expenses rose by 24.2%, from $361K to $448K. In its most recent filing year (2023), Maine Philanthropy Center reported a deficit of $45K, with expenses exceeding revenue. The organization holds $75K in liabilities against $548K in assets (debt-to-asset ratio: 13.6%), resulting in net assets of $474K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $403K | $448K | $548K | $75K | — | — |
| 2022 | $481K | $489K | $600K | $91K | — | View 990 |
| 2021 | $510K | $406K | $580K | $63K | — | View 990 |
| 2020 | $402K | $333K | $515K | $97K | — | — |
| 2019 | $420K | $404K | $414K | $64K | — | View 990 |
| 2018 | $411K | $411K | $446K | $113K | — | View 990 |
| 2017 | $320K | $367K | $363K | $30K | — | View 990 |
| 2016 | $397K | $405K | $457K | $76K | — | View 990 |
| 2015 | $315K | $325K | $440K | $49K | — | View 990 |
| 2014 | $415K | $406K | $466K | $66K | — | View 990 |
| 2013 | $339K | $362K | $426K | $35K | — | View 990 |
| 2012 | $475K | $410K | $443K | $25K | — | View 990 |
| 2011 | $340K | $361K | $415K | $61K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $403K, expenses of $448K, and assets of $548K (revenue -16.1% year-over-year).
- 2022: Revenue of $481K, expenses of $489K, and assets of $600K (revenue -5.8% year-over-year).
- 2021: Revenue of $510K, expenses of $406K, and assets of $580K (revenue +27.0% year-over-year).
- 2020: Revenue of $402K, expenses of $333K, and assets of $515K (revenue -4.3% year-over-year).
- 2019: Revenue of $420K, expenses of $404K, and assets of $414K (revenue +2.0% year-over-year).
- 2018: Revenue of $411K, expenses of $411K, and assets of $446K (revenue +28.8% year-over-year).
- 2017: Revenue of $320K, expenses of $367K, and assets of $363K (revenue -19.5% year-over-year).
- 2016: Revenue of $397K, expenses of $405K, and assets of $457K (revenue +26.2% year-over-year).
- 2015: Revenue of $315K, expenses of $325K, and assets of $440K (revenue -24.3% year-over-year).
- 2014: Revenue of $415K, expenses of $406K, and assets of $466K (revenue +22.6% year-over-year).
- 2013: Revenue of $339K, expenses of $362K, and assets of $426K (revenue -28.6% year-over-year).
- 2012: Revenue of $475K, expenses of $410K, and assets of $443K (revenue +39.7% year-over-year).
- 2011: Revenue of $340K, expenses of $361K, and assets of $415K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Philanthropy Center:
Data Sources and Methodology
This transparency report for Maine Philanthropy Center 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.