Maine Share
Maine Share's assets plummeted from over $800,000 to under $7,000 in seven years, despite stable revenue.
EIN: 10444245 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $152K |
| Total Expenses | $109K |
| Program Spending | 80% |
| Net Assets | $2K |
| Transparency Score | 65/100 |
Is Maine Share Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Share directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Share
Maine Share (EIN: 10444245) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $152K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Share's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Share is a small nonprofit that has been operating for 37 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $152K |
| Total Expenses | $109K |
| Surplus / Deficit | +$43K |
| Total Assets | $7K |
| Total Liabilities | $4K |
| Net Assets | $2K |
| Operating Margin | 28.3% |
| Debt-to-Asset Ratio | 63.3% |
| Months of Reserves | 0.7 months |
Financial Health Grade: B
In 2021, Maine Share reported a surplus of $43K with revenue exceeding expenses, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 63.3% (high leverage).
Financial Trends
Over 11 years of filings (2011–2021), Maine Share's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +5.5% | -0.4% | -98.2% |
| 2020 | -17.8% | -24.5% | -10.3% |
| 2019 | +13.6% | -14.6% | -18.1% |
| 2018 | -17.6% | -5.5% | -7.0% |
| 2017 | +10.5% | -0.8% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Share with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Maine Share allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $43K, with revenue exceeding expenses.
- Debt-to-asset ratio: 63.3%.
Executive Compensation Analysis
Maine Share consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean operational structure.
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 Share's IRS 990 filings:
- Dramatic decline in assets from $818,973 (2014) to $6,720 (2021) without clear explanation.
- Liabilities also significantly decreased, suggesting a major restructuring or divestment.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Strengths
The following positive indicators were identified for Maine Share:
- Consistent revenue generation, averaging around $160,000 annually.
- 0% reported officer compensation, indicating efficient use of funds for mission.
- Expenses generally managed below or near revenue in recent years, e.g., $109,199 expenses vs. $152,296 revenue in 2021.
Frequently Asked Questions about Maine Share
Is Maine Share a legitimate charity?
Maine Share (EIN: 10444245) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 11 years of IRS 990 filings on record. Total revenue: $152K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Maine Share spend its money?
Maine Share directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Share tax-deductible?
Maine Share is registered as a tax-exempt nonprofit (EIN: 10444245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Share's spending goes to programs?
Maine Share directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Share located?
Maine Share is headquartered in Augusta, Maine and files with the IRS under EIN 10444245.
How many years of IRS 990 filings does Maine Share have?
Maine Share has 11 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 $152K in total revenue.
What caused the dramatic decrease in Maine Share's assets from $818,973 in 2014 to $6,720 in 2021?
The provided data does not specify the reason for the asset decline. This significant change warrants a review of the organization's full IRS 990 forms for explanations in the statements of financial position or other schedules.
How does Maine Share operate without any reported officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization may be entirely volunteer-run at the executive level, or that executive services are provided pro bono, which is a notable operational model.
What is the primary use of Maine Share's expenses, given the lack of detailed spending categories?
Without a breakdown of program, administrative, and fundraising expenses, it's difficult to ascertain the primary use of the $109,199 in expenses reported in 2021. Further detail from the 990 would be needed.
Filing History
IRS 990 filing history for Maine Share showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Maine Share's revenue has declined by 7.3%, moving from $164K to $152K. Total assets decreased by 99.1% over the same period, from $760K to $7K. Total functional expenses fell by 34.3%, from $166K to $109K. In its most recent filing year (2021), Maine Share reported a surplus of $43K, with revenue exceeding expenses. The organization holds $4K in liabilities against $7K in assets (debt-to-asset ratio: 63.3%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $152K | $109K | $7K | $4K | — | View 990 |
| 2020 | $144K | $110K | $370K | $353K | — | View 990 |
| 2019 | $176K | $145K | $413K | $430K | — | View 990 |
| 2018 | $155K | $170K | $504K | $584K | — | View 990 |
| 2017 | $188K | $180K | $542K | $607K | — | View 990 |
| 2016 | $170K | $182K | $553K | $626K | — | View 990 |
| 2015 | $161K | $181K | $761K | $822K | — | View 990 |
| 2014 | $166K | $176K | $819K | $860K | — | View 990 |
| 2013 | $151K | $171K | $727K | $758K | — | View 990 |
| 2012 | $173K | $159K | $737K | $749K | — | View 990 |
| 2011 | $164K | $166K | $760K | $788K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $152K, expenses of $109K, and assets of $7K (revenue +5.5% year-over-year).
- 2020: Revenue of $144K, expenses of $110K, and assets of $370K (revenue -17.8% year-over-year).
- 2019: Revenue of $176K, expenses of $145K, and assets of $413K (revenue +13.6% year-over-year).
- 2018: Revenue of $155K, expenses of $170K, and assets of $504K (revenue -17.6% year-over-year).
- 2017: Revenue of $188K, expenses of $180K, and assets of $542K (revenue +10.5% year-over-year).
- 2016: Revenue of $170K, expenses of $182K, and assets of $553K (revenue +5.4% year-over-year).
- 2015: Revenue of $161K, expenses of $181K, and assets of $761K (revenue -2.9% year-over-year).
- 2014: Revenue of $166K, expenses of $176K, and assets of $819K (revenue +9.8% year-over-year).
- 2013: Revenue of $151K, expenses of $171K, and assets of $727K (revenue -12.9% year-over-year).
- 2012: Revenue of $173K, expenses of $159K, and assets of $737K (revenue +5.5% year-over-year).
- 2011: Revenue of $164K, expenses of $166K, and assets of $760K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Share:
Data Sources and Methodology
This transparency report for Maine Share 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.