Maine Secondary School Principals Association
Maine Secondary School Principals Association shows consistent financial growth and no reported officer compensation.
EIN: 10241055 · Augusta, ME · NTEE: B20C · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $2.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2.7 |
| Net Assets | $1.5M |
| Transparency Score | 90/100 |
Is Maine Secondary School Principals Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Secondary School Principals Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Secondary School Principals Association
Maine Secondary School Principals Association (EIN: 10241055) is a nonprofit organization based in Augusta, ME, classified under NTEE code B20C. The organization reported total revenue of $3.2M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Secondary School Principals Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Secondary School Principals Association is a mid-size nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$302K |
| Total Assets | $1.9M |
| Total Liabilities | $392K |
| Net Assets | $1.5M |
| Operating Margin | 11.1% |
| Debt-to-Asset Ratio | 21.0% |
| Months of Reserves | 9.2 months |
Financial Health Grade: A
In 2024, Maine Secondary School Principals Association reported a surplus of $302K with revenue exceeding expenses, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 21.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Maine Secondary School Principals Association's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.1% | +4.8% | +16.6% |
| 2023 | +14.1% | +23.7% | -9.9% |
| 2022 | +128.4% | +57.6% | +2.9% |
| 2021 | -53.9% | -39.9% | +10.4% |
| 2020 | -2.0% | -12.8% | -14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1972 |
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 Secondary School Principals Association with a Mission Score of 90 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 Secondary School Principals 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $302K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of its size with recent revenues exceeding $2.7 million.
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 Secondary School Principals Association:
- Consistent financial surpluses in recent years (e.g., $302,332 surplus in 202406).
- No reported officer compensation across all filings, indicating high resource allocation to mission.
- Strong recovery and growth in revenue since 202106, reaching $2,729,780 in 202406.
- Reduction in liabilities from $976,703 in 201806 to $392,422 in 202406.
- Consistent filing of IRS 990s over 13 periods, demonstrating transparency and compliance.
Frequently Asked Questions about Maine Secondary School Principals Association
Is Maine Secondary School Principals Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Secondary School Principals Association (EIN: 10241055) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Maine Secondary School Principals Association spend its money?
Maine Secondary School Principals Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Secondary School Principals Association tax-deductible?
Maine Secondary School Principals Association is registered as a tax-exempt nonprofit (EIN: 10241055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Secondary School Principals Association CEO make?
Maine Secondary School Principals Association's highest-compensated officer earns $2.7 annually. The organization reported $3.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Secondary School Principals Association's spending goes to programs?
Maine Secondary School Principals Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Secondary School Principals Association compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Maine Secondary School Principals Association is above average for NTEE category B20C nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Secondary School Principals Association located?
Maine Secondary School Principals Association is headquartered in Augusta, Maine and files with the IRS under EIN 10241055. It is classified under NTEE code B20C.
How many years of IRS 990 filings does Maine Secondary School Principals Association have?
Maine Secondary School Principals 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 $3.2M in total revenue.
Is MSSPA financially stable?
Yes, MSSPA appears financially stable. The organization has consistently generated surpluses in recent years, with revenue of $2,729,780 exceeding expenses of $2,427,448 in the 202406 period, and assets growing to $1,864,460.
How does MSSPA manage its liabilities?
MSSPA has shown good management of liabilities, reducing them from a high of $976,703 in 201806 to $392,422 in the latest 202406 filing, indicating improved financial health.
What is the trend in MSSPA's revenue?
MSSPA's revenue has shown a strong recovery and growth trend. After a dip to $951,525 in 202106, revenue has steadily increased to $2,729,780 in 202406, surpassing previous highs.
Does MSSPA compensate its officers?
No, based on the provided IRS 990 data, MSSPA has reported 0% officer compensation across all 13 available filings, indicating that no officers received salaries or other compensation.
Filing History
IRS 990 filing history for Maine Secondary School Principals Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Maine Secondary School Principals Association's revenue has grown by 26.9%, moving from $2.2M to $2.7M. Total assets increased by 6.7% over the same period, from $1.7M to $1.9M. Total functional expenses rose by 13.4%, from $2.1M to $2.4M. In its most recent filing year (2024), Maine Secondary School Principals Association reported a surplus of $302K, with revenue exceeding expenses. The organization holds $392K in liabilities against $1.9M in assets (debt-to-asset ratio: 21.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.7M | $2.4M | $1.9M | $392K | — | View 990 |
| 2023 | $2.5M | $2.3M | $1.6M | $473K | — | View 990 |
| 2022 | $2.2M | $1.9M | $1.8M | $767K | — | View 990 |
| 2021 | $952K | $1.2M | $1.7M | $863K | — | View 990 |
| 2020 | $2.1M | $2.0M | $1.6M | $605K | — | View 990 |
| 2019 | $2.1M | $2.3M | $1.8M | $953K | — | View 990 |
| 2018 | $2.2M | $2.2M | $2.0M | $977K | — | View 990 |
| 2017 | $2.2M | $2.2M | $2.0M | $910K | — | View 990 |
| 2016 | $2.5M | $2.3M | $2.0M | $894K | — | View 990 |
| 2015 | $2.2M | $2.2M | $1.9M | $1.0M | — | View 990 |
| 2014 | $2.1M | $2.2M | $1.9M | $1.0M | — | View 990 |
| 2013 | $2.0M | $2.2M | $1.7M | $929K | — | View 990 |
| 2012 | $2.2M | $2.1M | $1.7M | $854K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.7M, expenses of $2.4M, and assets of $1.9M (revenue +10.1% year-over-year).
- 2023: Revenue of $2.5M, expenses of $2.3M, and assets of $1.6M (revenue +14.1% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.9M, and assets of $1.8M (revenue +128.4% year-over-year).
- 2021: Revenue of $952K, expenses of $1.2M, and assets of $1.7M (revenue -53.9% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.0M, and assets of $1.6M (revenue -2.0% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.3M, and assets of $1.8M (revenue -2.1% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.2M, and assets of $2.0M (revenue -4.4% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.2M, and assets of $2.0M (revenue -8.7% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.3M, and assets of $2.0M (revenue +10.2% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.2M, and assets of $1.9M (revenue +4.4% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.2M, and assets of $1.9M (revenue +5.3% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.2M, and assets of $1.7M (revenue -5.4% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.1M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Secondary School Principals Association:
Data Sources and Methodology
This transparency report for Maine Secondary School Principals 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.