Maine Welfare Directors Association
Maine Welfare Directors Association maintains stable finances with volunteer leadership and growing assets.
EIN: 10468034 · Augusta, ME · NTEE: B03 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31K |
| Total Expenses | $28K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $30,000. |
| Net Assets | $44K |
| Transparency Score | 85/100 |
Is Maine Welfare Directors Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Welfare Directors Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Welfare Directors Association
Maine Welfare Directors Association (EIN: 10468034) is a nonprofit organization based in Augusta, ME, classified under NTEE code B03. The organization reported total revenue of $31K and total assets of $47K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Welfare Directors Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Welfare Directors Association is a micro nonprofit that has been operating for 7 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29K |
| Total Expenses | $28K |
| Surplus / Deficit | +$1K |
| Total Assets | $44K |
| Total Liabilities | $60 |
| Net Assets | $44K |
| Operating Margin | 4.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 18.7 months |
Financial Health Grade: A
In 2023, Maine Welfare Directors Association reported a surplus of $1K with revenue exceeding expenses, holds 18.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Maine Welfare Directors Association's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.2% | +71.5% | +2.9% |
| 2022 | +2.4% | +121.8% | +19.1% |
| 2021 | +80.0% | -43.4% | +74.8% |
| 2020 | -57.6% | -47.7% | -2.2% |
| 2019 | +17.2% | -11.1% | +29.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
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 Welfare Directors Association 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Maine Welfare Directors Association allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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 $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is run by volunteers, which is highly efficient for an organization of its size with annual revenues around $30,000.
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 Welfare Directors Association:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Healthy asset growth from $20,378 in 2020 to $43,675 in 2023, demonstrating financial stability.
- Consistent filing of IRS Form 990s, indicating transparency.
- Stable revenue stream, averaging around $20,000-$30,000 annually.
Frequently Asked Questions about Maine Welfare Directors Association
Is Maine Welfare Directors Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Welfare Directors Association (EIN: 10468034) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Maine Welfare Directors Association spend its money?
Maine Welfare Directors Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Welfare Directors Association tax-deductible?
Maine Welfare Directors Association is registered as a tax-exempt nonprofit (EIN: 10468034). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Welfare Directors Association CEO make?
Maine Welfare Directors Association's highest-compensated officer earns $30,000. annually. The organization reported $31K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Maine Welfare Directors Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Maine Welfare Directors Association is above average for NTEE category B03 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Welfare Directors Association located?
Maine Welfare Directors Association is headquartered in Augusta, Maine and files with the IRS under EIN 10468034. It is classified under NTEE code B03.
How many years of IRS 990 filings does Maine Welfare Directors Association have?
Maine Welfare Directors Association 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 $31K in total revenue.
Is Maine Welfare Directors Association a good charity?
Based on the provided financial data, the Maine Welfare Directors Association appears to be a well-managed organization. It demonstrates financial stability, asset growth, and a strong commitment to volunteer leadership with 0% officer compensation, suggesting efficient use of funds for its mission.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, with assets growing from $20,378 in 2020 to $43,675 in 2023. Revenue has also shown an upward trend, reaching $29,272 in 2023, indicating a stable and growing financial base.
What is the organization's approach to executive compensation?
The Maine Welfare Directors Association reports 0% officer compensation in all available filings, indicating that its leadership is entirely volunteer-based. This is a significant strength for a nonprofit, ensuring that all funds are directed towards operations and programs.
Filing History
IRS 990 filing history for Maine Welfare Directors Association showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Maine Welfare Directors Association's revenue has grown by 89.5%, moving from $15K to $29K. Total assets increased by 17.4% over the same period, from $37K to $44K. Total functional expenses rose by 72%, from $16K to $28K. In its most recent filing year (2023), Maine Welfare Directors Association reported a surplus of $1K, with revenue exceeding expenses. The organization holds $60 in liabilities against $44K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $44K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29K | $28K | $44K | $60 | — | — |
| 2022 | $23K | $16K | $42K | $0 | — | View 990 |
| 2021 | $23K | $7K | $36K | $0 | — | — |
| 2020 | $13K | $13K | $20K | $0 | — | View 990 |
| 2019 | $30K | $25K | $21K | $0 | — | View 990 |
| 2018 | $25K | $28K | $16K | $0 | — | View 990 |
| 2017 | $20K | $26K | $19K | $0 | — | View 990 |
| 2016 | $21K | $26K | $26K | $0 | — | View 990 |
| 2015 | $20K | $24K | $30K | $0 | — | View 990 |
| 2014 | $18K | $20K | $35K | $0 | — | View 990 |
| 2013 | $15K | $16K | $37K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $29K, expenses of $28K, and assets of $44K (revenue +26.2% year-over-year).
- 2022: Revenue of $23K, expenses of $16K, and assets of $42K (revenue +2.4% year-over-year).
- 2021: Revenue of $23K, expenses of $7K, and assets of $36K (revenue +80.0% year-over-year).
- 2020: Revenue of $13K, expenses of $13K, and assets of $20K (revenue -57.6% year-over-year).
- 2019: Revenue of $30K, expenses of $25K, and assets of $21K (revenue +17.2% year-over-year).
- 2018: Revenue of $25K, expenses of $28K, and assets of $16K (revenue +29.4% year-over-year).
- 2017: Revenue of $20K, expenses of $26K, and assets of $19K (revenue -7.7% year-over-year).
- 2016: Revenue of $21K, expenses of $26K, and assets of $26K (revenue +5.2% year-over-year).
- 2015: Revenue of $20K, expenses of $24K, and assets of $30K (revenue +13.8% year-over-year).
- 2014: Revenue of $18K, expenses of $20K, and assets of $35K (revenue +14.6% year-over-year).
- 2013: Revenue of $15K, expenses of $16K, and assets of $37K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Welfare Directors Association:
Data Sources and Methodology
This transparency report for Maine Welfare Directors 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.