Maine Sciety For Histotechnology
Maine Society For Histotechnology faces declining assets and frequent operating deficits on minimal revenue.
EIN: 16048312 · Corinth, ME · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $525 |
| Total Expenses | $445 |
| Program Spending | 90% |
| Net Assets | $2K |
| Transparency Score | 70/100 |
Is Maine Sciety For Histotechnology Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Sciety For Histotechnology directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Sciety For Histotechnology
Maine Sciety For Histotechnology (EIN: 16048312) is a nonprofit organization based in Corinth, ME, classified under NTEE code A80. The organization reported total revenue of $525 and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Sciety For Histotechnology's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Sciety For Histotechnology is a micro nonprofit that has been operating for 14 years, with 5 years of IRS 990 filings on record (2012–2016). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $525 |
| Total Expenses | $445 |
| Surplus / Deficit | +$80 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | 15.2% |
| Months of Reserves | 54.2 months |
Financial Health Grade: A
In 2016, Maine Sciety For Histotechnology reported a surplus of $80 with revenue exceeding expenses, holds 54.2 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2012–2016), Maine Sciety For Histotechnology's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +4275.0% | -10.8% | +4.1% |
| 2015 | -89.3% | -57.1% | -20.1% |
| 2014 | -88.1% | -43.5% | -30.3% |
| 2013 | +137.5% | -7.7% | -24.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Sciety For Histotechnology with a Mission Score of 70 out of 100 (Good). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Maine Sciety For Histotechnology allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $80, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all filings, indicating it is likely volunteer-led and does not allocate any funds to executive salaries, which is appropriate for its very small size and revenue.
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 Sciety For Histotechnology's IRS 990 filings:
- Consistent operating deficits (e.g., $12 revenue vs. $499 expenses in 2015)
- Declining asset base (from $4,594 in 2012 to $2,011 in 2016)
- Very low and inconsistent revenue streams
Strengths
The following positive indicators were identified for Maine Sciety For Histotechnology:
- Zero officer compensation, indicating volunteer leadership and low administrative burden
- No reported liabilities across all filing periods
- Transparency through regular IRS 990 filings
Frequently Asked Questions about Maine Sciety For Histotechnology
Is Maine Sciety For Histotechnology a legitimate charity?
Maine Sciety For Histotechnology (EIN: 16048312) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 70/100. It has 5 years of IRS 990 filings on record. Total revenue: $525. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Maine Sciety For Histotechnology spend its money?
Maine Sciety For Histotechnology directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Maine Sciety For Histotechnology tax-deductible?
Maine Sciety For Histotechnology is registered as a tax-exempt nonprofit (EIN: 16048312). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Maine Sciety For Histotechnology compare to similar nonprofits?
With a transparency score of 70/100 (Good), Maine Sciety For Histotechnology is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Sciety For Histotechnology located?
Maine Sciety For Histotechnology is headquartered in Corinth, Maine and files with the IRS under EIN 16048312. It is classified under NTEE code A80.
How many years of IRS 990 filings does Maine Sciety For Histotechnology have?
Maine Sciety For Histotechnology has 5 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 $525 in total revenue.
Is Maine Society For Histotechnology a good charity?
Given its volunteer-led nature and zero officer compensation, it appears to be a dedicated organization. However, its financial sustainability is a concern due to consistent operating deficits and declining assets.
How does its spending efficiency compare to similar organizations?
Without detailed expense breakdowns, it's hard to compare precisely. However, the lack of executive compensation and likely low overhead suggest high efficiency in terms of administrative costs, though overall financial health is weak.
What are the long-term financial prospects for this organization?
The long-term prospects are challenging given the consistent decline in assets from $4,594 in 2012 to $2,011 in 2016 and frequent operating deficits. It needs to increase revenue or further reduce expenses to achieve sustainability.
Filing History
IRS 990 filing history for Maine Sciety For Histotechnology showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), Maine Sciety For Histotechnology's revenue has grown by 32.9%, moving from $395 to $525. Total assets decreased by 56.2% over the same period, from $5K to $2K. Total functional expenses fell by 80.1%, from $2K to $445. In its most recent filing year (2016), Maine Sciety For Histotechnology reported a surplus of $80, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $525 | $445 | $2K | $0 | — | View 990 |
| 2015 | $12 | $499 | $2K | $0 | — | View 990 |
| 2014 | $112 | $1K | $2K | $0 | — | View 990 |
| 2013 | $938 | $2K | $3K | $0 | — | View 990 |
| 2012 | $395 | $2K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $525, expenses of $445, and assets of $2K (revenue +4275.0% year-over-year).
- 2015: Revenue of $12, expenses of $499, and assets of $2K (revenue -89.3% year-over-year).
- 2014: Revenue of $112, expenses of $1K, and assets of $2K (revenue -88.1% year-over-year).
- 2013: Revenue of $938, expenses of $2K, and assets of $3K (revenue +137.5% year-over-year).
- 2012: Revenue of $395, expenses of $2K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Sciety For Histotechnology:
Data Sources and Methodology
This transparency report for Maine Sciety For Histotechnology 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.