Maine Woods Conservancy Inc
Maine Woods Conservancy: Strong Asset Base, Minimal Recent Revenue
EIN: 223042317 · Sebec, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $36K |
| Total Expenses | $51K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.7M |
| Transparency Score | 70/100 |
Is Maine Woods Conservancy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Woods Conservancy Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Woods Conservancy Inc
Maine Woods Conservancy Inc (EIN: 223042317) is a nonprofit organization based in Sebec, ME. The organization reported total revenue of $36K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Woods Conservancy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Woods Conservancy Inc is a micro nonprofit that has been operating for 36 years, with 10 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 99.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $51K |
| Surplus / Deficit | $-42,500 |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | -529.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 411.9 months |
Financial Health Grade: B
In 2023, Maine Woods Conservancy Inc reported a deficit of $43K with expenses exceeding revenue, holds 411.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2010–2023), Maine Woods Conservancy Inc's revenue has grown at a compound annual growth rate (CAGR) of 99.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +946.8% | +16.5% | -2.4% |
| 2022 | -10.4% | -49.6% | -2.3% |
| 2020 | -104.6% | — | -4.8% |
| 2019 | +200149900.0% | — | +200149900.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Woods Conservancy Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Maine Woods Conservancy Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 deficit of $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or very lean operational structure.
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 Woods Conservancy Inc's IRS 990 filings:
- Recent revenue figures are extremely low (e.g., $8,029 in 2023, $767 in 2022), raising questions about current operational funding.
- A significant revenue drop to -$93,068 in 2020 is unexplained by the provided data.
- The organization's primary activity and impact are not clear from the financial data alone, given the minimal recent revenue and expenses.
Strengths
The following positive indicators were identified for Maine Woods Conservancy Inc:
- Maintains a substantial asset base of over $1.7 million, suggesting long-term stability or significant past endowments.
- Consistently reports 0% compensation for key personnel, indicating a highly efficient or volunteer-driven model.
- Long operational history with filings dating back to 2012.
Frequently Asked Questions about Maine Woods Conservancy Inc
Is Maine Woods Conservancy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Woods Conservancy Inc (EIN: 223042317) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Maine Woods Conservancy Inc spend its money?
Maine Woods Conservancy Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Woods Conservancy Inc tax-deductible?
Maine Woods Conservancy Inc is registered as a tax-exempt nonprofit (EIN: 223042317). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Woods Conservancy Inc CEO make?
Maine Woods Conservancy Inc's highest-compensated officer earns $0 annually. The organization reported $36K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Woods Conservancy Inc's spending goes to programs?
Maine Woods Conservancy Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Woods Conservancy Inc located?
Maine Woods Conservancy Inc is headquartered in Sebec, Maine and files with the IRS under EIN 223042317.
How many years of IRS 990 filings does Maine Woods Conservancy Inc have?
Maine Woods Conservancy Inc has 10 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 $36K in total revenue.
What does Maine Woods Conservancy Inc do?
Maine Woods Conservancy Inc is a nonprofit organization in the Unknown sector, located in Sebec, Maine. It is classified under NTEE code Unknown.
How much revenue does Maine Woods Conservancy Inc have?
Maine Woods Conservancy Inc reported total revenue of $35,626. Based on 10 IRS 990 filings on record.
What are Maine Woods Conservancy Inc's total assets?
Maine Woods Conservancy Inc holds total assets of $2,200,254 as reported in IRS 990 filings.
Where is Maine Woods Conservancy Inc located?
Maine Woods Conservancy Inc is based in Sebec, Maine.
What is Maine Woods Conservancy Inc's EIN?
Maine Woods Conservancy Inc's Employer Identification Number (EIN) is 223042317. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Maine Woods Conservancy Inc?
Maine Woods Conservancy Inc is classified under NTEE code Unknown (Unknown).
Is Maine Woods Conservancy Inc a registered 501(c)(3)?
Maine Woods Conservancy Inc appears in IRS records (EIN: 223042317). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Maine Woods Conservancy Inc file IRS Form 990?
Yes, Maine Woods Conservancy Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Maine Woods Conservancy Inc's revenue in 2023?
In the 202312 filing period, Maine Woods Conservancy Inc reported total revenue of $8,029, total expenses of $50,529, and net assets of $1,734,342.
Is Maine Woods Conservancy Inc's revenue growing or declining?
Maine Woods Conservancy Inc's revenue is growing. Revenue went from $767 (202212) to $8,029 (202312), a +946.8% change. Based on 10 filings on record.
What is Maine Woods Conservancy Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Maine Woods Conservancy Inc covers tax period 202312. It shows revenue of $8,029, expenses of $50,529, total assets of $1,734,342, and liabilities of $1.
How much does Maine Woods Conservancy Inc spend on programs vs administration?
Based on IRS 990 analysis, Maine Woods Conservancy Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Maine Woods Conservancy Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Maine Woods Conservancy Inc appears trustworthy. Mission Score: 70/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Maine Woods Conservancy Inc?
The following concerns were identified: Recent revenue figures are extremely low (e.g., $8,029 in 2023, $767 in 2022), raising questions about current operational funding.. A significant revenue drop to -$93,068 in 2020 is unexplained by the provided data.. The organization's primary activity and impact are not clear from the financial data alone, given the minimal recent revenue and expenses.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Maine Woods Conservancy Inc's strengths?
Positive indicators for Maine Woods Conservancy Inc include: Maintains a substantial asset base of over $1.7 million, suggesting long-term stability or significant past endowments.. Consistently reports 0% compensation for key personnel, indicating a highly efficient or volunteer-driven model.. Long operational history with filings dating back to 2012.. These findings are derived from AI analysis of the organization's financial filings.
How does Maine Woods Conservancy Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or very lean operational structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial asset base and minimal recent revenue, what is the current primary funding mechanism for Maine Woods Conservancy's operations and mission?
The data suggests the organization may be primarily drawing from its existing asset base or relying heavily on in-kind contributions and volunteer efforts, as recent reported revenue is insufficient to cover even minimal operational expenses.
What specific programs or conservation efforts are being supported by the organization, especially considering the low reported expenses in recent years?
Without more detailed program expense breakdowns, it's difficult to ascertain specific conservation efforts. The low expenses (e.g., $50,529 in 2023) suggest either very focused, low-cost initiatives or a period of reduced activity.
Filing History
IRS 990 filing history for Maine Woods Conservancy Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2010–2023), Maine Woods Conservancy Inc's revenue has grown by 802800%, moving from $1 to $8K. Total assets increased by 31217.1% over the same period, from $6K to $1.7M. In its most recent filing year (2023), Maine Woods Conservancy Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $51K | $1.7M | $1 | — | View 990 |
| 2022 | $767 | $43K | $1.8M | $1 | — | View 990 |
| 2021 | $856 | $86K | $1.8M | $1 | — | View 990 |
| 2020 | $-93,068 | $4K | $1.9M | $1 | — | View 990 |
| 2019 | $2.0M | $0 | $2.0M | $1 | — | View 990 |
| 2015 | $1 | $0 | $1 | $1 | — | View 990 |
| 2014 | $1 | $0 | $1 | $1 | — | View 990 |
| 2012 | $1 | $0 | $6K | $0 | — | View 990 |
| 2011 | $0 | $0 | $6K | $0 | — | View 990 |
| 2010 | $1 | $0 | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8K, expenses of $51K, and assets of $1.7M (revenue +946.8% year-over-year).
- 2022: Revenue of $767, expenses of $43K, and assets of $1.8M (revenue -10.4% year-over-year).
- 2021: Revenue of $856, expenses of $86K, and assets of $1.8M.
- 2020: Revenue of $-93,068, expenses of $4K, and assets of $1.9M (revenue -104.6% year-over-year).
- 2019: Revenue of $2.0M, expenses of $0, and assets of $2.0M (revenue +200149900.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $6K.
- 2011: Revenue of $0, expenses of $0, and assets of $6K (revenue -100.0% year-over-year).
- 2010: Revenue of $1, expenses of $0, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Woods Conservancy Inc:
Data Sources and Methodology
This transparency report for Maine Woods Conservancy 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.