Maine Society Of Certified Public Accountants
Maine Society Of CPAs maintains stable assets despite occasional operating deficits and reports no officer compensation.
EIN: 10339969 · Scarborough, ME · NTEE: B50C · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $205K |
| Total Expenses | $212K |
| Program Spending | 70% |
| Net Assets | $632K |
| Transparency Score | 85/100 |
Is Maine Society Of Certified Public Accountants Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Society Of Certified Public Accountants directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Maine Society Of Certified Public Accountants
Maine Society Of Certified Public Accountants (EIN: 10339969) is a nonprofit organization based in Scarborough, ME, classified under NTEE code B50C. The organization reported total revenue of $205K and total assets of $678K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Society Of Certified Public Accountants's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Society Of Certified Public Accountants is a small nonprofit that has been operating for 50 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -3.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $195K |
| Total Expenses | $212K |
| Surplus / Deficit | $-16,317 |
| Total Assets | $697K |
| Total Liabilities | $65K |
| Net Assets | $632K |
| Operating Margin | -8.4% |
| Debt-to-Asset Ratio | 9.3% |
| Months of Reserves | 39.5 months |
Financial Health Grade: B
In 2024, Maine Society Of Certified Public Accountants reported a deficit of $16K with expenses exceeding revenue, holds 39.5 months of operating reserves (strong position), has a debt-to-asset ratio of 9.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Maine Society Of Certified Public Accountants's revenue has declined at a compound annual growth rate (CAGR) of -3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +15.5% | +7.3% | +7.7% |
| 2023 | -18.5% | +11.7% | -6.7% |
| 2022 | +18.2% | +3.3% | -4.8% |
| 2021 | +6.9% | +13.9% | +18.9% |
| 2020 | -25.8% | -10.3% | +-0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1976 |
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 Society Of Certified Public Accountants 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Maine Society Of Certified Public Accountants allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for resource allocation relative to its size.
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 Society Of Certified Public Accountants's IRS 990 filings:
- Occasional operating deficits where expenses exceed revenue (e.g., 202405, 202305, 201705, 201605, 201505) could indicate a need for tighter budget management or increased revenue generation.
Strengths
The following positive indicators were identified for Maine Society Of Certified Public Accountants:
- Consistent financial transparency with 14 IRS 990 filings.
- Zero reported officer compensation across all filings, indicating efficient use of funds or volunteer leadership.
- Stable and growing asset base, reaching $696,900 in 202405, providing financial resilience.
- Low liabilities relative to assets, suggesting good financial management (e.g., $64,941 liabilities vs. $696,900 assets in 202405).
Frequently Asked Questions about Maine Society Of Certified Public Accountants
Is Maine Society Of Certified Public Accountants a legitimate charity?
Maine Society Of Certified Public Accountants (EIN: 10339969) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $205K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Maine Society Of Certified Public Accountants spend its money?
Maine Society Of Certified Public Accountants directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Maine Society Of Certified Public Accountants tax-deductible?
Maine Society Of Certified Public Accountants is registered as a tax-exempt nonprofit (EIN: 10339969). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Society Of Certified Public Accountants's spending goes to programs?
Maine Society Of Certified Public Accountants directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Maine Society Of Certified Public Accountants compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Maine Society Of Certified Public Accountants is above average for NTEE category B50C nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Society Of Certified Public Accountants located?
Maine Society Of Certified Public Accountants is headquartered in Scarborough, Maine and files with the IRS under EIN 10339969. It is classified under NTEE code B50C.
How many years of IRS 990 filings does Maine Society Of Certified Public Accountants have?
Maine Society Of Certified Public Accountants has 14 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 $205K in total revenue.
Is Maine Society Of Certified Public Accountants a good charity?
Based on the available IRS 990 data, the organization appears to be a well-managed professional association with stable assets and a strong commitment to transparency, evidenced by consistent filings and 0% reported officer compensation. Its financial health is generally stable, though it has experienced some operating deficits in recent years.
What are the primary sources of revenue for the organization?
The IRS 990 data provides total revenue figures, but does not detail the specific sources (e.g., membership dues, program fees, donations). Further investigation into the full 990 forms would be needed for this breakdown.
How does the organization manage its operating deficits, such as in 202405 and 202305?
The organization appears to cover operating deficits by drawing from its accumulated assets. For example, in 202405, expenses exceeded revenue by $16,317, and in 202305, by $28,137. While not ideal for sustained periods, its substantial asset base of $696,900 (202405) provides a buffer.
Filing History
IRS 990 filing history for Maine Society Of Certified Public Accountants showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Maine Society Of Certified Public Accountants's revenue has declined by 38.4%, moving from $317K to $195K. Total assets increased by 0.3% over the same period, from $695K to $697K. Total functional expenses fell by 10%, from $235K to $212K. In its most recent filing year (2024), Maine Society Of Certified Public Accountants reported a deficit of $16K, with expenses exceeding revenue. The organization holds $65K in liabilities against $697K in assets (debt-to-asset ratio: 9.3%), resulting in net assets of $632K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $195K | $212K | $697K | $65K | — | — |
| 2023 | $169K | $197K | $647K | $63K | — | — |
| 2022 | $208K | $177K | $694K | $68K | — | View 990 |
| 2021 | $176K | $171K | $729K | $60K | — | View 990 |
| 2020 | $164K | $150K | $613K | $64K | — | — |
| 2019 | $221K | $167K | $613K | $87K | — | View 990 |
| 2018 | $190K | $179K | $620K | $86K | — | View 990 |
| 2017 | $156K | $196K | $584K | $75K | — | View 990 |
| 2016 | $197K | $199K | $534K | $31K | — | View 990 |
| 2015 | $213K | $242K | $647K | $87K | — | View 990 |
| 2014 | $216K | $244K | $695K | $110K | — | View 990 |
| 2013 | $267K | $257K | $718K | $144K | — | View 990 |
| 2012 | $260K | $281K | $608K | $83K | — | View 990 |
| 2011 | $317K | $235K | $695K | $118K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $195K, expenses of $212K, and assets of $697K (revenue +15.5% year-over-year).
- 2023: Revenue of $169K, expenses of $197K, and assets of $647K (revenue -18.5% year-over-year).
- 2022: Revenue of $208K, expenses of $177K, and assets of $694K (revenue +18.2% year-over-year).
- 2021: Revenue of $176K, expenses of $171K, and assets of $729K (revenue +6.9% year-over-year).
- 2020: Revenue of $164K, expenses of $150K, and assets of $613K (revenue -25.8% year-over-year).
- 2019: Revenue of $221K, expenses of $167K, and assets of $613K (revenue +16.4% year-over-year).
- 2018: Revenue of $190K, expenses of $179K, and assets of $620K (revenue +21.6% year-over-year).
- 2017: Revenue of $156K, expenses of $196K, and assets of $584K (revenue -20.6% year-over-year).
- 2016: Revenue of $197K, expenses of $199K, and assets of $534K (revenue -7.6% year-over-year).
- 2015: Revenue of $213K, expenses of $242K, and assets of $647K (revenue -1.5% year-over-year).
- 2014: Revenue of $216K, expenses of $244K, and assets of $695K (revenue -19.0% year-over-year).
- 2013: Revenue of $267K, expenses of $257K, and assets of $718K (revenue +2.8% year-over-year).
- 2012: Revenue of $260K, expenses of $281K, and assets of $608K (revenue -18.0% year-over-year).
- 2011: Revenue of $317K, expenses of $235K, and assets of $695K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Society Of Certified Public Accountants:
Data Sources and Methodology
This transparency report for Maine Society Of Certified Public Accountants 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.