Maine Special Olympics
Maine Special Olympics consistently grows assets and maintains low expenses, with no reported officer compensation.
EIN: 10355822 · S Portland, ME · NTEE: N72Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.3M |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $10.6M |
| Transparency Score | 95/100 |
Is Maine Special Olympics Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Special Olympics directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Special Olympics
Maine Special Olympics (EIN: 10355822) is a nonprofit organization based in S Portland, ME, classified under NTEE code N72Z. The organization reported total revenue of $9.3M and total assets of $14.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Special Olympics's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Special Olympics is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$749K |
| Total Assets | $10.8M |
| Total Liabilities | $240K |
| Net Assets | $10.6M |
| Operating Margin | 36.5% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 99.3 months |
Financial Health Grade: A
In 2023, Maine Special Olympics reported a surplus of $749K with revenue exceeding expenses, holds 99.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Special Olympics's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.8% | +18.9% | +13.5% |
| 2022 | +15.8% | +67.8% | +0.2% |
| 2021 | +16.4% | -10.7% | +21.2% |
| 2020 | -25.5% | -41.0% | +12.8% |
| 2019 | -0.9% | +4.1% | +19.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Special Olympics with a Mission Score of 95 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 Special Olympics 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $749K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Executive Compensation Analysis
Maine Special Olympics reports 0% officer compensation in all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size with over $2 million in annual 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.
Strengths
The following positive indicators were identified for Maine Special Olympics:
- Consistent asset growth, from $6,941,661 in 2019 to $10,792,436 in 2023.
- Revenue consistently exceeds expenses, indicating strong financial management (e.g., $2,053,253 revenue vs. $1,303,888 expenses in 2023).
- 0% officer compensation reported across all available filings, demonstrating a commitment to mission-focused spending.
- Low liabilities relative to assets, indicating financial stability (e.g., $240,109 liabilities vs. $10,792,436 assets in 2023).
Frequently Asked Questions about Maine Special Olympics
Is Maine Special Olympics a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Special Olympics (EIN: 10355822) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Maine Special Olympics spend its money?
Maine Special Olympics directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Special Olympics tax-deductible?
Maine Special Olympics is registered as a tax-exempt nonprofit (EIN: 10355822). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Special Olympics CEO make?
Maine Special Olympics's highest-compensated officer earns $2 annually. The organization reported $9.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Special Olympics's spending goes to programs?
Maine Special Olympics directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Special Olympics compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Maine Special Olympics is above average for NTEE category N72Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Special Olympics located?
Maine Special Olympics is headquartered in S Portland, Maine and files with the IRS under EIN 10355822. It is classified under NTEE code N72Z.
How many years of IRS 990 filings does Maine Special Olympics have?
Maine Special Olympics 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 $9.3M in total revenue.
Is Maine Special Olympics a good charity?
Based on its financial data, Maine Special Olympics appears to be a very good charity. It consistently operates with a surplus, grows its assets, and reports no officer compensation, indicating strong financial management and a clear focus on its mission.
How has Maine Special Olympics' financial health changed over time?
Maine Special Olympics has shown consistent financial growth and stability. Its assets have grown from $3,359,485 in 2014 to $10,792,436 in 2023, while revenue has generally increased and expenses have remained well-managed relative to income.
What is Maine Special Olympics' approach to executive compensation?
Maine Special Olympics reports 0% officer compensation in all available filings, suggesting a volunteer-led executive structure or that executive salaries are covered by other means not reported as officer compensation, which is a highly positive indicator for donors.
Filing History
IRS 990 filing history for Maine Special Olympics showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Special Olympics's revenue has grown by 50.2%, moving from $1.4M to $2.1M. Total assets increased by 377.4% over the same period, from $2.3M to $10.8M. Total functional expenses rose by 11.2%, from $1.2M to $1.3M. In its most recent filing year (2023), Maine Special Olympics reported a surplus of $749K, with revenue exceeding expenses. The organization holds $240K in liabilities against $10.8M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $10.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.3M | $10.8M | $240K | — | — |
| 2022 | $1.9M | $1.1M | $9.5M | $178K | — | — |
| 2021 | $1.6M | $653K | $9.5M | $62K | — | View 990 |
| 2020 | $1.4M | $731K | $7.8M | $10K | — | View 990 |
| 2019 | $1.9M | $1.2M | $6.9M | $12K | — | View 990 |
| 2018 | $1.9M | $1.2M | $5.8M | $17K | — | View 990 |
| 2017 | $1.9M | $1.2M | $5.5M | $19K | — | View 990 |
| 2016 | $1.8M | $1.2M | $4.5M | $38K | — | View 990 |
| 2015 | $1.8M | $1.3M | $3.8M | $19K | — | View 990 |
| 2014 | $1.8M | $1.3M | $3.4M | $28K | — | View 990 |
| 2013 | $1.6M | $1.2M | $3.0M | $34K | — | View 990 |
| 2012 | $1.5M | $1.2M | $2.6M | $32K | — | View 990 |
| 2011 | $1.4M | $1.2M | $2.3M | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.3M, and assets of $10.8M (revenue +8.8% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.1M, and assets of $9.5M (revenue +15.8% year-over-year).
- 2021: Revenue of $1.6M, expenses of $653K, and assets of $9.5M (revenue +16.4% year-over-year).
- 2020: Revenue of $1.4M, expenses of $731K, and assets of $7.8M (revenue -25.5% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.2M, and assets of $6.9M (revenue -0.9% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.2M, and assets of $5.8M (revenue +2.4% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.2M, and assets of $5.5M (revenue +1.0% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.2M, and assets of $4.5M (revenue +1.0% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.3M, and assets of $3.8M (revenue +2.4% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.3M, and assets of $3.4M (revenue +12.0% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.2M, and assets of $3.0M (revenue +6.7% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.2M, and assets of $2.6M (revenue +8.4% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.2M, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Special Olympics:
Data Sources and Methodology
This transparency report for Maine Special Olympics 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.