Maine Psychological Association
Maine Psychological Association maintains stable finances with growing assets and no reported liabilities.
EIN: 10486021 · S Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $79K |
| Total Expenses | $88K |
| Program Spending | 80% |
| Net Assets | $104K |
| Transparency Score | 85/100 |
Is Maine Psychological Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Psychological Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Psychological Association
Maine Psychological Association (EIN: 10486021) is a nonprofit organization based in S Portland, ME. The organization reported total revenue of $79K and total assets of $117K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Psychological Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Psychological Association is a micro 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 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $79K |
| Total Expenses | $88K |
| Surplus / Deficit | $-8,530 |
| Total Assets | $104K |
| Net Assets | $104K |
| Operating Margin | -10.8% |
| Months of Reserves | 14.2 months |
Financial Health Grade: B
In 2023, Maine Psychological Association reported a deficit of $9K with expenses exceeding revenue, holds 14.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Maine Psychological Association's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.8% | +6.0% | +0.1% |
| 2022 | +14.6% | +13.2% | +0.6% |
| 2021 | +7.1% | +25.1% | +21.2% |
| 2020 | -2.6% | -21.5% | +34.2% |
| 2019 | +16.8% | -0.2% | +16.2% |
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 Psychological Association with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Maine Psychological Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $9K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation, which is highly efficient for an organization of this size.
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 Psychological Association's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Maine Psychological Association:
- Consistent growth in assets, from $62,899 in 2014 to $103,507 in 2023.
- Zero reported liabilities across all 13 filings, indicating a debt-free operation.
- 0% officer compensation reported, suggesting highly efficient use of funds for leadership.
- Consistent filing of IRS 990s over 13 periods, demonstrating good transparency and compliance.
- Stable revenue streams generally covering expenses over the long term.
Frequently Asked Questions about Maine Psychological Association
Is Maine Psychological Association a legitimate charity?
Maine Psychological Association (EIN: 10486021) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $79K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Maine Psychological Association spend its money?
Maine Psychological Association directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Psychological Association tax-deductible?
Maine Psychological Association is registered as a tax-exempt nonprofit (EIN: 10486021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Psychological Association's spending goes to programs?
Maine Psychological Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Psychological Association located?
Maine Psychological Association is headquartered in S Portland, Maine and files with the IRS under EIN 10486021.
How many years of IRS 990 filings does Maine Psychological Association have?
Maine Psychological Association 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 $79K in total revenue.
Is Maine Psychological Association a good charity?
Based on the available financial data, the Maine Psychological Association appears to be a well-managed and financially stable organization. It maintains a healthy asset base, consistently reports zero liabilities, and does not report any officer compensation, suggesting efficient use of funds. Its consistent filing history also points to good transparency.
How has the organization's financial health changed over the last decade?
The organization's financial health has remained stable and shown growth in assets over the last decade. Assets have increased from $62,899 in 2014 to $103,507 in 2023, while liabilities have consistently remained at $0. Revenues and expenses have fluctuated but generally stayed within a sustainable range.
Does the organization have any debt?
No, the Maine Psychological Association consistently reports $0 in liabilities across all 13 available IRS 990 filings, indicating it operates debt-free.
Filing History
IRS 990 filing history for Maine Psychological Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Psychological Association's revenue has grown by 6.5%, moving from $74K to $79K. Total assets increased by 118.5% over the same period, from $47K to $104K. Total functional expenses rose by 28.6%, from $68K to $88K. In its most recent filing year (2023), Maine Psychological Association reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $79K | $88K | $104K | $0 | — | — |
| 2022 | $92K | $83K | $103K | $0 | — | — |
| 2021 | $80K | $73K | $103K | $0 | — | View 990 |
| 2020 | $75K | $58K | $85K | $0 | — | View 990 |
| 2019 | $77K | $74K | $63K | $0 | — | View 990 |
| 2018 | $66K | $74K | $54K | $0 | — | View 990 |
| 2017 | $73K | $78K | $64K | $0 | — | View 990 |
| 2016 | $81K | $73K | $69K | $0 | — | View 990 |
| 2015 | $77K | $78K | $61K | $0 | — | View 990 |
| 2014 | $80K | $78K | $63K | $0 | — | View 990 |
| 2013 | $86K | $68K | $61K | $0 | — | View 990 |
| 2012 | $63K | $71K | $39K | $0 | — | View 990 |
| 2011 | $74K | $68K | $47K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $79K, expenses of $88K, and assets of $104K (revenue -13.8% year-over-year).
- 2022: Revenue of $92K, expenses of $83K, and assets of $103K (revenue +14.6% year-over-year).
- 2021: Revenue of $80K, expenses of $73K, and assets of $103K (revenue +7.1% year-over-year).
- 2020: Revenue of $75K, expenses of $58K, and assets of $85K (revenue -2.6% year-over-year).
- 2019: Revenue of $77K, expenses of $74K, and assets of $63K (revenue +16.8% year-over-year).
- 2018: Revenue of $66K, expenses of $74K, and assets of $54K (revenue -10.4% year-over-year).
- 2017: Revenue of $73K, expenses of $78K, and assets of $64K (revenue -9.5% year-over-year).
- 2016: Revenue of $81K, expenses of $73K, and assets of $69K (revenue +5.9% year-over-year).
- 2015: Revenue of $77K, expenses of $78K, and assets of $61K (revenue -4.0% year-over-year).
- 2014: Revenue of $80K, expenses of $78K, and assets of $63K (revenue -7.0% year-over-year).
- 2013: Revenue of $86K, expenses of $68K, and assets of $61K (revenue +35.3% year-over-year).
- 2012: Revenue of $63K, expenses of $71K, and assets of $39K (revenue -14.6% year-over-year).
- 2011: Revenue of $74K, expenses of $68K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Psychological Association:
Data Sources and Methodology
This transparency report for Maine Psychological 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.