Maine Resource Recovery Association
Maine Resource Recovery Association consistently operates with surpluses and no executive compensation.
EIN: 10457589 · Newport, ME · NTEE: C27 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $244K |
| Total Expenses | $207K |
| Program Spending | 90% |
| Net Assets | $346K |
| Transparency Score | 92/100 |
Is Maine Resource Recovery Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Resource Recovery Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Resource Recovery Association
Maine Resource Recovery Association (EIN: 10457589) is a nonprofit organization based in Newport, ME, classified under NTEE code C27. The organization reported total revenue of $244K and total assets of $587K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Resource Recovery Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Resource Recovery Association is a small nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $228K |
| Total Expenses | $207K |
| Surplus / Deficit | +$22K |
| Total Assets | $663K |
| Total Liabilities | $317K |
| Net Assets | $346K |
| Operating Margin | 9.5% |
| Debt-to-Asset Ratio | 47.8% |
| Months of Reserves | 38.5 months |
Financial Health Grade: A
In 2024, Maine Resource Recovery Association reported a surplus of $22K with revenue exceeding expenses, holds 38.5 months of operating reserves (strong position), has a debt-to-asset ratio of 47.8% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Maine Resource Recovery Association's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.4% | +7.3% | +28.1% |
| 2023 | -1.8% | -1.8% | -33.1% |
| 2022 | +13.4% | +37.6% | +12.4% |
| 2021 | +2.6% | +1.1% | +17.8% |
| 2020 | +30.1% | +7.4% | +159.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Resource Recovery 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Maine Resource Recovery Association allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 47.8%.
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 highly volunteer-driven leadership or that compensation is covered through other means not classified as officer compensation, which is a strong positive for resource allocation.
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 Resource Recovery Association:
- Consistent operational surpluses in recent years (e.g., $21,586 in 2024, $46,120 in 2023).
- 0% officer compensation reported across all filings, indicating high efficiency in resource allocation.
- Significant growth in assets over the past five years, from $225,375 in 2019 to $662,837 in 2024.
- Consistent filing history (14 filings), demonstrating transparency and compliance.
- Healthy asset base relative to annual revenue, providing financial stability.
Frequently Asked Questions about Maine Resource Recovery Association
Is Maine Resource Recovery Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Resource Recovery Association (EIN: 10457589) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Maine Resource Recovery Association spend its money?
Maine Resource Recovery Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Resource Recovery Association tax-deductible?
Maine Resource Recovery Association is registered as a tax-exempt nonprofit (EIN: 10457589). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Resource Recovery Association's spending goes to programs?
Maine Resource Recovery Association directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Resource Recovery Association compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Maine Resource Recovery Association is above average for NTEE category C27 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Resource Recovery Association located?
Maine Resource Recovery Association is headquartered in Newport, Maine and files with the IRS under EIN 10457589. It is classified under NTEE code C27.
How many years of IRS 990 filings does Maine Resource Recovery Association have?
Maine Resource Recovery Association 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 $244K in total revenue.
Is Maine Resource Recovery Association a good charity?
Based on the provided financial data, Maine Resource Recovery Association appears to be a good charity. It consistently operates with a surplus, has a healthy asset base relative to its revenue, and notably reports 0% officer compensation, indicating efficient use of funds towards its mission.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, especially in recent years. While there were periods of expense exceeding revenue (e.g., 2017, 2016, 2015), the last five years (2020-2024) show consistent surpluses, with revenue exceeding expenses. Assets have also grown significantly from $225,375 in 2019 to $662,837 in 2024.
What is the trend in the organization's assets and liabilities?
Assets have shown a strong growth trend, particularly from 2019 ($225,375) to 2024 ($662,837), though there was a dip in 2023. Liabilities have also increased over time, but the organization consistently maintains a positive net asset position, indicating financial stability.
Does the organization pay its executives?
According to the provided IRS 990 data, the organization consistently reports 0% officer compensation across all 10 listed filing periods, indicating that no salaries are paid to its officers.
Filing History
IRS 990 filing history for Maine Resource Recovery Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Maine Resource Recovery Association's revenue has grown by 45.8%, moving from $156K to $228K. Total assets decreased by 19.3% over the same period, from $821K to $663K. Total functional expenses rose by 25.1%, from $165K to $207K. In its most recent filing year (2024), Maine Resource Recovery Association reported a surplus of $22K, with revenue exceeding expenses. The organization holds $317K in liabilities against $663K in assets (debt-to-asset ratio: 47.8%), resulting in net assets of $346K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $228K | $207K | $663K | $317K | — | — |
| 2023 | $239K | $192K | $517K | $193K | — | View 990 |
| 2022 | $243K | $196K | $773K | $495K | — | View 990 |
| 2021 | $214K | $143K | $688K | $457K | — | View 990 |
| 2020 | $209K | $141K | $584K | $425K | — | View 990 |
| 2019 | $161K | $131K | $225K | $134K | — | View 990 |
| 2018 | $146K | $149K | $243K | $181K | — | View 990 |
| 2017 | $161K | $225K | $381K | $316K | — | View 990 |
| 2016 | $155K | $187K | $394K | $265K | — | View 990 |
| 2015 | $158K | $197K | $421K | $260K | — | View 990 |
| 2014 | $160K | $169K | $499K | $299K | — | View 990 |
| 2013 | $161K | $164K | $541K | $332K | — | View 990 |
| 2012 | $169K | $167K | $660K | $448K | — | View 990 |
| 2011 | $156K | $165K | $821K | $612K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $228K, expenses of $207K, and assets of $663K (revenue -4.4% year-over-year).
- 2023: Revenue of $239K, expenses of $192K, and assets of $517K (revenue -1.8% year-over-year).
- 2022: Revenue of $243K, expenses of $196K, and assets of $773K (revenue +13.4% year-over-year).
- 2021: Revenue of $214K, expenses of $143K, and assets of $688K (revenue +2.6% year-over-year).
- 2020: Revenue of $209K, expenses of $141K, and assets of $584K (revenue +30.1% year-over-year).
- 2019: Revenue of $161K, expenses of $131K, and assets of $225K (revenue +9.7% year-over-year).
- 2018: Revenue of $146K, expenses of $149K, and assets of $243K (revenue -9.3% year-over-year).
- 2017: Revenue of $161K, expenses of $225K, and assets of $381K (revenue +3.9% year-over-year).
- 2016: Revenue of $155K, expenses of $187K, and assets of $394K (revenue -1.6% year-over-year).
- 2015: Revenue of $158K, expenses of $197K, and assets of $421K (revenue -1.5% year-over-year).
- 2014: Revenue of $160K, expenses of $169K, and assets of $499K (revenue -0.6% year-over-year).
- 2013: Revenue of $161K, expenses of $164K, and assets of $541K (revenue -4.7% year-over-year).
- 2012: Revenue of $169K, expenses of $167K, and assets of $660K (revenue +8.2% year-over-year).
- 2011: Revenue of $156K, expenses of $165K, and assets of $821K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Resource Recovery Association:
Data Sources and Methodology
This transparency report for Maine Resource Recovery 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.