Maine Seacoast Mission
Maine Seacoast Mission maintains strong asset growth despite recent revenue dip.
EIN: 10216837 · Northeast Harbor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.4M |
| Total Expenses | $5.2M |
| Program Spending | 80% |
| Net Assets | $63.3M |
| Transparency Score | 85/100 |
Is Maine Seacoast Mission Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Seacoast Mission directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Seacoast Mission
Maine Seacoast Mission (EIN: 10216837) is a nonprofit organization based in Northeast Harbor, ME. The organization reported total revenue of $15.4M and total assets of $73.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Seacoast Mission's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Seacoast Mission is a large nonprofit that has been operating for 85 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $5.2M |
| Surplus / Deficit | $-954,233 |
| Total Assets | $63.9M |
| Total Liabilities | $598K |
| Net Assets | $63.3M |
| Operating Margin | -22.6% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 147.9 months |
Financial Health Grade: B
In 2023, Maine Seacoast Mission reported a deficit of $954K with expenses exceeding revenue, holds 147.9 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 (2011–2023), Maine Seacoast Mission's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.3% | +16.0% | +5.0% |
| 2022 | +13.0% | +9.4% | -7.1% |
| 2021 | +8.2% | +1.9% | +20.0% |
| 2020 | -29.7% | -1.2% | +1.5% |
| 2019 | +26.2% | +14.1% | +9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1941 |
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 Seacoast Mission 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: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, Maine Seacoast Mission allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. 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 $954K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all available periods, suggesting either a volunteer-led executive team or that executive compensation is categorized differently, which would require further detail to fully understand.
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 Seacoast Mission's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202306)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Maine Seacoast Mission:
- Strong and consistent asset growth over the past decade (from $42.9M in 2014 to $63.8M in 2023)
- Historically, revenue has generally exceeded expenses, indicating financial sustainability
- Consistently low liabilities relative to assets, suggesting good financial management
- Zero reported officer compensation across all filings, indicating potential volunteer leadership or efficient compensation structures
Frequently Asked Questions about Maine Seacoast Mission
Is Maine Seacoast Mission a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Seacoast Mission (EIN: 10216837) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Maine Seacoast Mission spend its money?
Maine Seacoast Mission directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Seacoast Mission tax-deductible?
Maine Seacoast Mission is registered as a tax-exempt nonprofit (EIN: 10216837). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Seacoast Mission's spending goes to programs?
Maine Seacoast Mission directs 80% to programs, 8% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Seacoast Mission located?
Maine Seacoast Mission is headquartered in Northeast Harbor, Maine and files with the IRS under EIN 10216837.
How many years of IRS 990 filings does Maine Seacoast Mission have?
Maine Seacoast Mission 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 $15.4M in total revenue.
Why did expenses exceed revenue in the 202306 filing period?
In the 202306 period, Maine Seacoast Mission reported expenses of $5,181,991 against revenues of $4,227,758, resulting in a deficit for that year. This contrasts with most prior years where revenue exceeded expenses.
How has the organization's asset base grown over the last decade?
The organization's assets have grown substantially, from $42,958,606 in 2014 to $63,850,681 in 2023, demonstrating significant financial growth and stability.
What is the trend in revenue generation for Maine Seacoast Mission?
Revenue has fluctuated year-to-year, ranging from a low of $1,308,035 in 201706 to a high of $7,053,485 in 201906, with the latest reported revenue at $4,227,758.
Filing History
IRS 990 filing history for Maine Seacoast Mission showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Seacoast Mission's revenue has grown by 26.5%, moving from $3.3M to $4.2M. Total assets increased by 80.8% over the same period, from $35.3M to $63.9M. Total functional expenses rose by 44%, from $3.6M to $5.2M. In its most recent filing year (2023), Maine Seacoast Mission reported a deficit of $954K, with expenses exceeding revenue. The organization holds $598K in liabilities against $63.9M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $63.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $5.2M | $63.9M | $598K | — | View 990 |
| 2022 | $6.1M | $4.5M | $60.8M | $347K | — | View 990 |
| 2021 | $5.4M | $4.1M | $65.5M | $369K | — | View 990 |
| 2020 | $5.0M | $4.0M | $54.6M | $365K | — | View 990 |
| 2019 | $7.1M | $4.1M | $53.8M | $343K | — | View 990 |
| 2018 | $5.6M | $3.6M | $49.2M | $253K | — | View 990 |
| 2017 | $1.3M | $1.6M | $46.2M | $224K | — | View 990 |
| 2016 | $5.1M | $3.7M | $44.7M | $194K | — | View 990 |
| 2015 | $4.5M | $3.6M | $42.2M | $156K | — | View 990 |
| 2014 | $4.6M | $3.6M | $43.0M | $184K | — | View 990 |
| 2013 | $3.9M | $3.7M | $41.3M | $142K | — | View 990 |
| 2012 | $4.8M | $3.5M | $37.5M | $158K | — | View 990 |
| 2011 | $3.3M | $3.6M | $35.3M | $182K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $5.2M, and assets of $63.9M (revenue -30.3% year-over-year).
- 2022: Revenue of $6.1M, expenses of $4.5M, and assets of $60.8M (revenue +13.0% year-over-year).
- 2021: Revenue of $5.4M, expenses of $4.1M, and assets of $65.5M (revenue +8.2% year-over-year).
- 2020: Revenue of $5.0M, expenses of $4.0M, and assets of $54.6M (revenue -29.7% year-over-year).
- 2019: Revenue of $7.1M, expenses of $4.1M, and assets of $53.8M (revenue +26.2% year-over-year).
- 2018: Revenue of $5.6M, expenses of $3.6M, and assets of $49.2M (revenue +327.4% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.6M, and assets of $46.2M (revenue -74.5% year-over-year).
- 2016: Revenue of $5.1M, expenses of $3.7M, and assets of $44.7M (revenue +14.6% year-over-year).
- 2015: Revenue of $4.5M, expenses of $3.6M, and assets of $42.2M (revenue -2.9% year-over-year).
- 2014: Revenue of $4.6M, expenses of $3.6M, and assets of $43.0M (revenue +19.2% year-over-year).
- 2013: Revenue of $3.9M, expenses of $3.7M, and assets of $41.3M (revenue -20.0% year-over-year).
- 2012: Revenue of $4.8M, expenses of $3.5M, and assets of $37.5M (revenue +44.7% year-over-year).
- 2011: Revenue of $3.3M, expenses of $3.6M, and assets of $35.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Seacoast Mission:
Data Sources and Methodology
This transparency report for Maine Seacoast Mission 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.