Maine Rivers
Maine Rivers maintains strong financial health with zero officer compensation and growing assets despite fluctuating revenues.
EIN: 20556861 · Yarmouth, ME · NTEE: C32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $859K |
| Total Expenses | $186K |
| Program Spending | 90% |
| Net Assets | $536K |
| Transparency Score | 92/100 |
Is Maine Rivers Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Rivers directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Rivers
Maine Rivers (EIN: 20556861) is a nonprofit organization based in Yarmouth, ME, classified under NTEE code C32. The organization reported total revenue of $859K and total assets of $649K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Rivers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Rivers is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $188K |
| Total Expenses | $186K |
| Surplus / Deficit | +$3K |
| Total Assets | $541K |
| Total Liabilities | $5K |
| Net Assets | $536K |
| Operating Margin | 1.4% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 34.9 months |
Financial Health Grade: A
In 2024, Maine Rivers reported a surplus of $3K with revenue exceeding expenses, holds 34.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Maine Rivers's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -57.9% | +5.4% | +0.8% |
| 2023 | -32.8% | -80.4% | +100.6% |
| 2022 | -48.0% | -12.3% | -46.8% |
| 2021 | +29.7% | +1.3% | +55.7% |
| 2020 | +165.7% | +166.3% | +22.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Rivers 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 Rivers 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 $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Maine Rivers consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries. This suggests a volunteer-led or very lean administrative structure, allowing a greater proportion of funds to be directed towards programmatic activities.
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 Rivers's IRS 990 filings:
- Significant revenue fluctuations year-over-year, potentially impacting long-term planning (e.g., $1.2M in 202103 to $188K in 202403)
- Periods of substantial deficit spending (e.g., 202203 expenses $898,494 vs. revenue $665,121)
Strengths
The following positive indicators were identified for Maine Rivers:
- Consistent 0% officer compensation, indicating high efficiency and mission focus.
- Significant growth in assets over the past decade, from $80,743 in 201503 to $648,822 currently.
- Very low liabilities across all filing periods, demonstrating strong financial management.
- Consistent filing of IRS 990s over 13 periods, showing strong transparency.
- Recent periods (202303, 202403) show healthy surpluses or balanced budgets.
Frequently Asked Questions about Maine Rivers
Is Maine Rivers a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Rivers (EIN: 20556861) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Maine Rivers spend its money?
Maine Rivers directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Rivers tax-deductible?
Maine Rivers is registered as a tax-exempt nonprofit (EIN: 20556861). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Rivers's spending goes to programs?
Maine Rivers directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Rivers compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Maine Rivers is above average for NTEE category C32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Rivers located?
Maine Rivers is headquartered in Yarmouth, Maine and files with the IRS under EIN 20556861. It is classified under NTEE code C32.
How many years of IRS 990 filings does Maine Rivers have?
Maine Rivers 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 $859K in total revenue.
Is Maine Rivers a good charity?
Based on its financial data, Maine Rivers appears to be a very good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission. Its assets have grown significantly over time, and recent financial periods show responsible management of expenses relative to revenue, with low liabilities.
How has Maine Rivers' revenue trended over the past few years?
Maine Rivers' revenue has fluctuated significantly. It peaked at $1,279,861 in 202103, then decreased to $665,121 in 202203, rebounded to $447,144 in 202303, and was $188,270 in 202403. This indicates a variable funding environment.
What is Maine Rivers' approach to executive compensation?
Maine Rivers has a highly efficient approach to executive compensation, reporting 0% officer compensation in all available filings. This means no funds are used for executive salaries, maximizing resources for its programs.
Filing History
IRS 990 filing history for Maine Rivers showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Maine Rivers's revenue has grown by 114.2%, moving from $88K to $188K. Total assets increased by 857.8% over the same period, from $56K to $541K. Total functional expenses rose by 124%, from $83K to $186K. In its most recent filing year (2024), Maine Rivers reported a surplus of $3K, with revenue exceeding expenses. The organization holds $5K in liabilities against $541K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $536K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $188K | $186K | $541K | $5K | — | View 990 |
| 2023 | $447K | $176K | $537K | $3K | — | — |
| 2022 | $665K | $898K | $267K | $5K | — | View 990 |
| 2021 | $1.3M | $1.0M | $503K | $7K | — | View 990 |
| 2020 | $986K | $1.0M | $323K | $83K | — | View 990 |
| 2019 | $371K | $380K | $265K | $0 | — | View 990 |
| 2018 | $316K | $197K | $273K | $0 | — | View 990 |
| 2017 | $255K | $271K | $154K | $0 | — | View 990 |
| 2016 | $175K | $85K | $171K | $0 | — | View 990 |
| 2015 | $114K | $97K | $81K | $0 | — | View 990 |
| 2014 | $77K | $78K | $64K | $0 | — | View 990 |
| 2013 | $127K | $118K | $65K | $0 | — | View 990 |
| 2012 | $88K | $83K | $56K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $188K, expenses of $186K, and assets of $541K (revenue -57.9% year-over-year).
- 2023: Revenue of $447K, expenses of $176K, and assets of $537K (revenue -32.8% year-over-year).
- 2022: Revenue of $665K, expenses of $898K, and assets of $267K (revenue -48.0% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.0M, and assets of $503K (revenue +29.7% year-over-year).
- 2020: Revenue of $986K, expenses of $1.0M, and assets of $323K (revenue +165.7% year-over-year).
- 2019: Revenue of $371K, expenses of $380K, and assets of $265K (revenue +17.3% year-over-year).
- 2018: Revenue of $316K, expenses of $197K, and assets of $273K (revenue +24.3% year-over-year).
- 2017: Revenue of $255K, expenses of $271K, and assets of $154K (revenue +45.2% year-over-year).
- 2016: Revenue of $175K, expenses of $85K, and assets of $171K (revenue +54.2% year-over-year).
- 2015: Revenue of $114K, expenses of $97K, and assets of $81K (revenue +47.9% year-over-year).
- 2014: Revenue of $77K, expenses of $78K, and assets of $64K (revenue -39.3% year-over-year).
- 2013: Revenue of $127K, expenses of $118K, and assets of $65K (revenue +44.1% year-over-year).
- 2012: Revenue of $88K, expenses of $83K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Rivers:
Data Sources and Methodology
This transparency report for Maine Rivers 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.