Maine State Music Theatre
Maine State Music Theatre shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 10355212 · Brunswick, ME · NTEE: A650 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $6.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $7.2M |
| Transparency Score | 95/100 |
Is Maine State Music Theatre Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine State Music Theatre directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine State Music Theatre
Maine State Music Theatre (EIN: 10355212) is a nonprofit organization based in Brunswick, ME, classified under NTEE code A650. The organization reported total revenue of $8.2M and total assets of $11.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine State Music Theatre's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine State Music Theatre is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.2M |
| Total Expenses | $6.8M |
| Surplus / Deficit | +$395K |
| Total Assets | $10.3M |
| Total Liabilities | $3.1M |
| Net Assets | $7.2M |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 30.2% |
| Months of Reserves | 18.1 months |
Financial Health Grade: A
In 2023, Maine State Music Theatre reported a surplus of $395K with revenue exceeding expenses, holds 18.1 months of operating reserves (strong position), has a debt-to-asset ratio of 30.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine State Music Theatre's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.6% | +21.7% | +11.6% |
| 2022 | +56.7% | +48.3% | +0.1% |
| 2021 | +94.6% | +66.5% | +23.6% |
| 2020 | -60.1% | -55.9% | -3.9% |
| 2019 | +6.2% | +6.4% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 State Music Theatre 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 State Music Theatre 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 $395K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with over $7 million in annual revenue and over $10 million in assets, suggesting either a volunteer leadership model or that compensation is reported under other expense categories, though the former is more likely given the consistent reporting.
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 State Music Theatre's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Maine State Music Theatre:
- Consistent revenue growth over a decade, from $3.7M in 2014 to $7.1M in 2023.
- Healthy asset accumulation, growing from $4.2M in 2014 to $10.2M in 2023.
- Consistent positive net income (revenue exceeding expenses) in most reported periods.
- No reported officer compensation, suggesting high dedication of resources to programs or volunteer leadership.
- Resilience demonstrated by strong recovery and growth post-2020 dip in revenue.
Frequently Asked Questions about Maine State Music Theatre
Is Maine State Music Theatre a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine State Music Theatre (EIN: 10355212) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Maine State Music Theatre spend its money?
Maine State Music Theatre directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine State Music Theatre tax-deductible?
Maine State Music Theatre is registered as a tax-exempt nonprofit (EIN: 10355212). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine State Music Theatre CEO make?
Maine State Music Theatre's highest-compensated officer earns $7 annually. The organization reported $8.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine State Music Theatre's spending goes to programs?
Maine State Music Theatre directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine State Music Theatre compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Maine State Music Theatre is above average for NTEE category A650 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine State Music Theatre located?
Maine State Music Theatre is headquartered in Brunswick, Maine and files with the IRS under EIN 10355212. It is classified under NTEE code A650.
How many years of IRS 990 filings does Maine State Music Theatre have?
Maine State Music Theatre 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 $8.2M in total revenue.
Is Maine State Music Theatre financially stable?
Yes, Maine State Music Theatre appears financially stable. Its assets have consistently grown, reaching $10,264,045 in 2023, and it has consistently generated more revenue than expenses, indicating a healthy financial surplus.
How has the organization's revenue changed over time?
The organization has shown significant revenue growth, increasing from $3,735,106 in 2014 to $7,182,381 in 2023, with a notable recovery and growth post-2020.
Does Maine State Music Theatre spend efficiently?
Based on the consistent surplus of revenue over expenses and the absence of reported officer compensation, the organization appears to spend efficiently, directing resources towards its mission rather than high administrative costs.
What is the trend in the organization's assets?
Maine State Music Theatre's assets have shown a strong upward trend, more than doubling from $4,203,808 in 2014 to $10,264,045 in 2023, indicating successful financial management and growth.
Filing History
IRS 990 filing history for Maine State Music Theatre showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine State Music Theatre's revenue has grown by 190.3%, moving from $2.5M to $7.2M. Total assets increased by 196.4% over the same period, from $3.5M to $10.3M. Total functional expenses rose by 167.6%, from $2.5M to $6.8M. In its most recent filing year (2023), Maine State Music Theatre reported a surplus of $395K, with revenue exceeding expenses. The organization holds $3.1M in liabilities against $10.3M in assets (debt-to-asset ratio: 30.2%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.2M | $6.8M | $10.3M | $3.1M | — | — |
| 2022 | $6.5M | $5.6M | $9.2M | $2.6M | — | View 990 |
| 2021 | $4.1M | $3.8M | $9.2M | $2.9M | — | View 990 |
| 2020 | $2.1M | $2.3M | $7.4M | $1.9M | — | View 990 |
| 2019 | $5.3M | $5.1M | $7.7M | $2.2M | — | View 990 |
| 2018 | $5.0M | $4.8M | $7.1M | $1.9M | — | View 990 |
| 2017 | $4.8M | $4.3M | $6.6M | $1.7M | — | View 990 |
| 2016 | $4.4M | $4.0M | $6.0M | $1.7M | — | View 990 |
| 2015 | $4.2M | $3.5M | $5.1M | $1.3M | — | View 990 |
| 2014 | $3.7M | $3.4M | $4.2M | $1.1M | — | View 990 |
| 2013 | $3.4M | $3.1M | $3.8M | $1.1M | — | View 990 |
| 2012 | $2.9M | $3.0M | $3.4M | $1.0M | — | View 990 |
| 2011 | $2.5M | $2.5M | $3.5M | $932K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.2M, expenses of $6.8M, and assets of $10.3M (revenue +10.6% year-over-year).
- 2022: Revenue of $6.5M, expenses of $5.6M, and assets of $9.2M (revenue +56.7% year-over-year).
- 2021: Revenue of $4.1M, expenses of $3.8M, and assets of $9.2M (revenue +94.6% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.3M, and assets of $7.4M (revenue -60.1% year-over-year).
- 2019: Revenue of $5.3M, expenses of $5.1M, and assets of $7.7M (revenue +6.2% year-over-year).
- 2018: Revenue of $5.0M, expenses of $4.8M, and assets of $7.1M (revenue +4.2% year-over-year).
- 2017: Revenue of $4.8M, expenses of $4.3M, and assets of $6.6M (revenue +8.8% year-over-year).
- 2016: Revenue of $4.4M, expenses of $4.0M, and assets of $6.0M (revenue +5.8% year-over-year).
- 2015: Revenue of $4.2M, expenses of $3.5M, and assets of $5.1M (revenue +12.1% year-over-year).
- 2014: Revenue of $3.7M, expenses of $3.4M, and assets of $4.2M (revenue +10.6% year-over-year).
- 2013: Revenue of $3.4M, expenses of $3.1M, and assets of $3.8M (revenue +18.3% year-over-year).
- 2012: Revenue of $2.9M, expenses of $3.0M, and assets of $3.4M (revenue +15.4% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.5M, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine State Music Theatre:
Data Sources and Methodology
This transparency report for Maine State Music Theatre 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.