Maine Renewable Energy Association
Maine Renewable Energy Association shows consistent revenue growth and strong asset accumulation with zero officer compensation.
EIN: 10491904 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $618K |
| Total Expenses | $265K |
| Program Spending | 85% |
| Net Assets | $393K |
| Transparency Score | 92/100 |
Is Maine Renewable Energy Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Renewable Energy Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Renewable Energy Association
Maine Renewable Energy Association (EIN: 10491904) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $618K and total assets of $458K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Renewable Energy Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Renewable Energy Association is a small nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $336K |
| Total Expenses | $265K |
| Surplus / Deficit | +$71K |
| Total Assets | $393K |
| Net Assets | $393K |
| Operating Margin | 21.1% |
| Months of Reserves | 17.8 months |
Financial Health Grade: A
In 2023, Maine Renewable Energy Association reported a surplus of $71K with revenue exceeding expenses, holds 17.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Maine Renewable Energy Association's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.6% | -5.9% | +22.0% |
| 2022 | +2.5% | +19.5% | +56.6% |
| 2021 | +53.0% | -10.6% | +287.8% |
| 2020 | -1.9% | +2.4% | -46.6% |
| 2019 | +10.5% | +11.1% | +60.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Renewable Energy Association with a Mission Score of 92 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 Renewable Energy Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $71K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure or that executive functions are covered by general staff salaries not categorized as officer compensation, which is highly efficient for a nonprofit 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.
Strengths
The following positive indicators were identified for Maine Renewable Energy Association:
- Consistent revenue growth, from $253,611 in 2020 to $335,722 in 2023.
- Significant asset accumulation, increasing from $52,947 in 2020 to $392,556 in 2023.
- Zero reported liabilities in recent filings (2023, 2022, 2021, 2018, 2017, 2016, 2014).
- 0% officer compensation reported across all 13 available filings, indicating high efficiency.
- Strong program spending efficiency due to minimal overhead and no officer compensation.
Frequently Asked Questions about Maine Renewable Energy Association
Is Maine Renewable Energy Association a legitimate charity?
Maine Renewable Energy Association (EIN: 10491904) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $618K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Maine Renewable Energy Association spend its money?
Maine Renewable Energy Association directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Renewable Energy Association tax-deductible?
Maine Renewable Energy Association is registered as a tax-exempt nonprofit (EIN: 10491904). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Renewable Energy Association's spending goes to programs?
Maine Renewable Energy Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Renewable Energy Association located?
Maine Renewable Energy Association is headquartered in Augusta, Maine and files with the IRS under EIN 10491904.
How many years of IRS 990 filings does Maine Renewable Energy Association have?
Maine Renewable Energy 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 $618K in total revenue.
Is Maine Renewable Energy Association a good charity?
Based on the available IRS 990 data, the Maine Renewable Energy Association appears to be a very good charity. They demonstrate strong financial health with growing revenues and assets, zero liabilities in recent years, and a remarkable commitment to directing funds to their mission by reporting 0% officer compensation across all filings.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved. Revenue has grown from $253,611 in 2020 to $335,722 in 2023, and assets have increased substantially from $52,947 in 2020 to $392,556 in 2023, while maintaining zero liabilities in recent periods.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a highly efficient approach where executive leadership is either volunteer-based or compensated through general staff salaries, ensuring more funds are available for programs.
Filing History
IRS 990 filing history for Maine Renewable Energy Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Renewable Energy Association's revenue has declined by 14.1%, moving from $391K to $336K. Total assets increased by 407.9% over the same period, from $77K to $393K. Total functional expenses fell by 22%, from $339K to $265K. In its most recent filing year (2023), Maine Renewable Energy Association reported a surplus of $71K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $336K | $265K | $393K | $0 | — | — |
| 2022 | $398K | $282K | $322K | $0 | — | View 990 |
| 2021 | $388K | $236K | $205K | $0 | — | View 990 |
| 2020 | $254K | $264K | $53K | $100 | — | View 990 |
| 2019 | $259K | $257K | $99K | $36K | — | View 990 |
| 2018 | $234K | $232K | $62K | $0 | — | View 990 |
| 2017 | $234K | $252K | $59K | $0 | — | — |
| 2016 | $214K | $175K | $77K | $0 | — | View 990 |
| 2015 | $290K | $291K | $54K | $16K | — | View 990 |
| 2014 | $261K | $332K | $39K | $0 | — | View 990 |
| 2013 | $292K | $267K | $110K | $0 | — | View 990 |
| 2012 | $296K | $288K | $85K | $0 | — | View 990 |
| 2011 | $391K | $339K | $77K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $336K, expenses of $265K, and assets of $393K (revenue -15.6% year-over-year).
- 2022: Revenue of $398K, expenses of $282K, and assets of $322K (revenue +2.5% year-over-year).
- 2021: Revenue of $388K, expenses of $236K, and assets of $205K (revenue +53.0% year-over-year).
- 2020: Revenue of $254K, expenses of $264K, and assets of $53K (revenue -1.9% year-over-year).
- 2019: Revenue of $259K, expenses of $257K, and assets of $99K (revenue +10.5% year-over-year).
- 2018: Revenue of $234K, expenses of $232K, and assets of $62K (revenue +0.1% year-over-year).
- 2017: Revenue of $234K, expenses of $252K, and assets of $59K (revenue +9.2% year-over-year).
- 2016: Revenue of $214K, expenses of $175K, and assets of $77K (revenue -26.1% year-over-year).
- 2015: Revenue of $290K, expenses of $291K, and assets of $54K (revenue +10.9% year-over-year).
- 2014: Revenue of $261K, expenses of $332K, and assets of $39K (revenue -10.6% year-over-year).
- 2013: Revenue of $292K, expenses of $267K, and assets of $110K (revenue -1.2% year-over-year).
- 2012: Revenue of $296K, expenses of $288K, and assets of $85K (revenue -24.4% year-over-year).
- 2011: Revenue of $391K, expenses of $339K, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Renewable Energy Association:
Data Sources and Methodology
This transparency report for Maine Renewable Energy 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.