Maine Preservation
Maine Preservation maintains stable finances with no officer compensation, experiencing minor operational deficits in recent years.
EIN: 10319524 · Yarmouth, ME · NTEE: A82Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $500K |
| Total Expenses | $491K |
| Program Spending | 85% |
| Net Assets | $980K |
| Transparency Score | 90/100 |
Is Maine Preservation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Preservation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Preservation
Maine Preservation (EIN: 10319524) is a nonprofit organization based in Yarmouth, ME, classified under NTEE code A82Z. The organization reported total revenue of $500K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Preservation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Preservation is a small nonprofit that has been operating for 50 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $468K |
| Total Expenses | $491K |
| Surplus / Deficit | $-23,281 |
| Total Assets | $988K |
| Total Liabilities | $8K |
| Net Assets | $980K |
| Operating Margin | -5.0% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 24.1 months |
Financial Health Grade: B
In 2024, Maine Preservation reported a deficit of $23K with expenses exceeding revenue, holds 24.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Maine Preservation's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -1.5% | +4.0% | -0.4% |
| 2023 | +3.5% | -5.7% | -4.6% |
| 2022 | -6.9% | +8.8% | -2.9% |
| 2021 | +73.6% | +10.9% | +17.9% |
| 2020 | -47.3% | -0.7% | -8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1976 |
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 Preservation with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Maine Preservation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Maine Preservation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly commendable for a nonprofit of its size and suggests a strong volunteer leadership model.
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 Preservation's IRS 990 filings:
- Minor operational deficits in recent years (e.g., $23,281 in 202403, $41,296 in 202203), which, if persistent, could impact long-term sustainability.
Strengths
The following positive indicators were identified for Maine Preservation:
- Consistent reporting of 0% officer compensation, indicating high efficiency and dedication to mission.
- Stable asset base, consistently around $1 million, providing a solid financial foundation.
- Low liabilities across all filing periods, demonstrating sound financial management and minimal debt.
- Long filing history (14 filings) indicates consistent operation and transparency.
Frequently Asked Questions about Maine Preservation
Is Maine Preservation a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Preservation (EIN: 10319524) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Maine Preservation spend its money?
Maine Preservation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Preservation tax-deductible?
Maine Preservation is registered as a tax-exempt nonprofit (EIN: 10319524). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Preservation's spending goes to programs?
Maine Preservation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Preservation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Maine Preservation is above average for NTEE category A82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Preservation located?
Maine Preservation is headquartered in Yarmouth, Maine and files with the IRS under EIN 10319524. It is classified under NTEE code A82Z.
How many years of IRS 990 filings does Maine Preservation have?
Maine Preservation has 14 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 $500K in total revenue.
Is Maine Preservation a good charity?
Based on the provided data, Maine Preservation appears to be a well-managed charity. It maintains stable assets, low liabilities, and notably, reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has Maine Preservation's financial health changed over time?
Maine Preservation's financial health has been relatively stable over the past decade. While there have been fluctuations in revenue and expenses, assets have consistently remained around the $1 million mark, and liabilities have stayed low. The organization has experienced minor operational deficits in some recent years (e.g., 202403, 202203, 202003) but has also had surpluses (e.g., 202303, 202103, 201903).
What is the trend in Maine Preservation's revenue?
Maine Preservation's revenue has fluctuated but generally stayed within a range of $300,000 to $500,000 in recent years, with a peak of $539,489 in 201903 and a low of $284,165 in 202003. The latest reported revenue for 202403 was $468,002, which is consistent with its average.
Filing History
IRS 990 filing history for Maine Preservation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Maine Preservation's revenue has grown by 60.6%, moving from $291K to $468K. Total assets increased by 4.8% over the same period, from $943K to $988K. Total functional expenses rose by 72.6%, from $285K to $491K. In its most recent filing year (2024), Maine Preservation reported a deficit of $23K, with expenses exceeding revenue. The organization holds $8K in liabilities against $988K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $980K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $468K | $491K | $988K | $8K | — | — |
| 2023 | $475K | $472K | $991K | $6K | — | — |
| 2022 | $459K | $501K | $1.0M | $1K | — | View 990 |
| 2021 | $493K | $460K | $1.1M | $31K | — | — |
| 2020 | $284K | $415K | $908K | $85K | — | View 990 |
| 2019 | $539K | $418K | $997K | $7K | — | View 990 |
| 2018 | $395K | $398K | $887K | $9K | — | View 990 |
| 2017 | $374K | $325K | $862K | $12K | — | View 990 |
| 2016 | $394K | $369K | $776K | $17K | — | View 990 |
| 2015 | $132K | $142K | $781K | $5K | — | View 990 |
| 2014 | $252K | $310K | $776K | $5K | — | View 990 |
| 2013 | $219K | $303K | $810K | $9K | — | View 990 |
| 2012 | $144K | $282K | $859K | $6K | — | View 990 |
| 2011 | $291K | $285K | $943K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $468K, expenses of $491K, and assets of $988K (revenue -1.5% year-over-year).
- 2023: Revenue of $475K, expenses of $472K, and assets of $991K (revenue +3.5% year-over-year).
- 2022: Revenue of $459K, expenses of $501K, and assets of $1.0M (revenue -6.9% year-over-year).
- 2021: Revenue of $493K, expenses of $460K, and assets of $1.1M (revenue +73.6% year-over-year).
- 2020: Revenue of $284K, expenses of $415K, and assets of $908K (revenue -47.3% year-over-year).
- 2019: Revenue of $539K, expenses of $418K, and assets of $997K (revenue +36.5% year-over-year).
- 2018: Revenue of $395K, expenses of $398K, and assets of $887K (revenue +5.7% year-over-year).
- 2017: Revenue of $374K, expenses of $325K, and assets of $862K (revenue -5.0% year-over-year).
- 2016: Revenue of $394K, expenses of $369K, and assets of $776K (revenue +197.2% year-over-year).
- 2015: Revenue of $132K, expenses of $142K, and assets of $781K (revenue -47.5% year-over-year).
- 2014: Revenue of $252K, expenses of $310K, and assets of $776K (revenue +15.1% year-over-year).
- 2013: Revenue of $219K, expenses of $303K, and assets of $810K (revenue +52.5% year-over-year).
- 2012: Revenue of $144K, expenses of $282K, and assets of $859K (revenue -50.7% year-over-year).
- 2011: Revenue of $291K, expenses of $285K, and assets of $943K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Preservation:
Data Sources and Methodology
This transparency report for Maine Preservation 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.