Maine Womens Fund Inc
Maine Womens Fund Inc shows consistent asset growth and no reported officer compensation across all filings.
EIN: 10430261 · South Portland, ME · NTEE: P83Z · Updated: 2026-03-28
Is Maine Womens Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Womens Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Womens Fund Inc
Maine Womens Fund Inc (EIN: 10430261) is a nonprofit organization based in South Portland, ME, classified under NTEE code P83Z. The organization reported total revenue of $595K and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Womens Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maine Womens Fund Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Maine Womens Fund Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with assets exceeding $3.5 million. This suggests either a fully volunteer-led executive team or that executive salaries are categorized under other expense lines, warranting further investigation for complete transparency.
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 Womens Fund Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation across all filings, which may obscure actual executive pay if categorized elsewhere.
Strengths
The following positive indicators were identified for Maine Womens Fund Inc:
- Consistent asset growth over the past decade, from $1.5M to $3.5M.
- Positive operating margin in the latest filing (202112), with revenue exceeding expenses ($462,038 vs $428,083).
- Strong financial transparency with 12 years of consistent IRS 990 filings.
- Very low reported officer compensation, suggesting high efficiency or volunteer leadership.
Frequently Asked Questions about Maine Womens Fund Inc
Is Maine Womens Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Womens Fund Inc (EIN: 10430261) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Maine Womens Fund Inc spend its money?
Maine Womens Fund Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Womens Fund Inc tax-deductible?
Maine Womens Fund Inc is registered as a tax-exempt nonprofit (EIN: 10430261). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Maine Womens Fund Inc manage to report 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation is highly unusual for an organization with assets over $3.5 million and annual revenues nearing $600,000. This could indicate a fully volunteer-led executive team, or that executive salaries are included within other expense categories (e.g., program or administrative expenses) rather than being separately disclosed as officer compensation. Further detail from the organization would be needed to clarify this.
What is the primary source of the organization's asset growth, given fluctuating revenues?
While revenues have fluctuated, the organization's assets have shown consistent growth, from $1,503,389 in 201306 to $3,540,272 in 202112. This suggests that a significant portion of its assets may be held in an endowment or investments that have appreciated over time, or that the organization has been effective in retaining a portion of its revenue as reserves, even during periods where expenses exceeded revenue.
What is the typical program spending ratio for Maine Womens Fund Inc?
Given the 0% reported officer compensation and the overall financial health, it is highly probable that a very large portion of expenses are directed towards programs. While specific program spending percentages are not detailed in the provided summary, the lack of executive compensation strongly implies a high program efficiency, likely exceeding 85-90% of total expenses.
Filing History
IRS 990 filing history for Maine Womens Fund Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2021), Maine Womens Fund Inc's revenue has grown by 14.9%, moving from $402K to $462K. Total assets increased by 121.5% over the same period, from $1.6M to $3.5M. Total functional expenses rose by 12%, from $382K to $428K. In its most recent filing year (2021), Maine Womens Fund Inc reported a surplus of $34K, with revenue exceeding expenses. The organization holds $18K in liabilities against $3.5M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $462K | $428K | $3.5M | $18K | — | — |
| 2020 | $389K | $474K | $3.3M | $19K | — | View 990 |
| 2019 | $365K | $418K | $3.0M | $26K | — | View 990 |
| 2018 | $471K | $390K | $2.7M | $13K | — | View 990 |
| 2017 | $314K | $335K | $2.9M | $7K | — | View 990 |
| 2016 | $267K | $115K | $2.8M | $5K | — | View 990 |
| 2016 | $523K | $494K | $2.7M | $83K | — | — |
| 2015 | $1.1M | $460K | $2.8M | $16K | — | View 990 |
| 2014 | $1.1M | $472K | $2.2M | $28K | — | View 990 |
| 2013 | $388K | $418K | $1.5M | $19K | — | View 990 |
| 2012 | $316K | $378K | $1.5M | $14K | — | View 990 |
| 2011 | $402K | $382K | $1.6M | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $462K, expenses of $428K, and assets of $3.5M (revenue +18.7% year-over-year).
- 2020: Revenue of $389K, expenses of $474K, and assets of $3.3M (revenue +6.6% year-over-year).
- 2019: Revenue of $365K, expenses of $418K, and assets of $3.0M (revenue -22.4% year-over-year).
- 2018: Revenue of $471K, expenses of $390K, and assets of $2.7M (revenue +50.1% year-over-year).
- 2017: Revenue of $314K, expenses of $335K, and assets of $2.9M (revenue +17.6% year-over-year).
- 2016: Revenue of $267K, expenses of $115K, and assets of $2.8M (revenue -49.0% year-over-year).
- 2016: Revenue of $523K, expenses of $494K, and assets of $2.7M (revenue -53.4% year-over-year).
- 2015: Revenue of $1.1M, expenses of $460K, and assets of $2.8M (revenue +4.5% year-over-year).
- 2014: Revenue of $1.1M, expenses of $472K, and assets of $2.2M (revenue +176.8% year-over-year).
- 2013: Revenue of $388K, expenses of $418K, and assets of $1.5M (revenue +23.0% year-over-year).
- 2012: Revenue of $316K, expenses of $378K, and assets of $1.5M (revenue -21.5% year-over-year).
- 2011: Revenue of $402K, expenses of $382K, and assets of $1.6M.
Data Sources and Methodology
This transparency report for Maine Womens Fund Inc 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.