Masonic Trustees Of Portland
Masonic Trustees Of Portland consistently spends more than it earns, drawing down assets.
EIN: 10116380 · Portland, ME · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $158K |
| Total Expenses | $270K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $900,000. |
| Net Assets | $883K |
| Transparency Score | 65/100 |
Is Masonic Trustees Of Portland Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Masonic Trustees Of Portland directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Masonic Trustees Of Portland
Masonic Trustees Of Portland (EIN: 10116380) is a nonprofit organization based in Portland, ME, classified under NTEE code S47. The organization reported total revenue of $158K and total assets of $931K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Masonic Trustees Of Portland's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Masonic Trustees Of Portland is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $133K |
| Total Expenses | $270K |
| Surplus / Deficit | $-137,705 |
| Total Assets | $883K |
| Net Assets | $883K |
| Operating Margin | -103.8% |
| Months of Reserves | 39.2 months |
Financial Health Grade: B
In 2023, Masonic Trustees Of Portland reported a deficit of $138K with expenses exceeding revenue, holds 39.2 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2014–2023), Masonic Trustees Of Portland's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.7% | +28.6% | -2.3% |
| 2022 | -21.3% | +10.5% | -23.3% |
| 2021 | +26.2% | +30.9% | +32.2% |
| 2020 | -21.1% | -18.4% | +1.7% |
| 2019 | -21.6% | -43.5% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Masonic Trustees Of Portland with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Masonic Trustees Of Portland allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $138K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization, which is highly efficient in terms of leadership costs for an organization of its size with assets around $900,000.
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.
Red Flags
The following concerns were identified during AI analysis of Masonic Trustees Of Portland's IRS 990 filings:
- Consistent deficit spending (expenses frequently exceed revenue, e.g., $270,316 expenses vs. $132,611 revenue in 2023).
- Declining asset base over the past decade, suggesting reliance on reserves to cover operational costs.
Strengths
The following positive indicators were identified for Masonic Trustees Of Portland:
- Zero reported officer compensation across all filings, indicating a volunteer-driven leadership and efficient use of funds.
- No reported liabilities across all filings, demonstrating strong debt management and financial stability.
- Consistent filing of IRS 990s, indicating good transparency.
Frequently Asked Questions about Masonic Trustees Of Portland
Is Masonic Trustees Of Portland a legitimate charity?
Based on AI analysis of IRS 990 filings, Masonic Trustees Of Portland (EIN: 10116380) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Masonic Trustees Of Portland spend its money?
Masonic Trustees Of Portland directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Masonic Trustees Of Portland tax-deductible?
Masonic Trustees Of Portland is registered as a tax-exempt nonprofit (EIN: 10116380). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Masonic Trustees Of Portland CEO make?
Masonic Trustees Of Portland's highest-compensated officer earns $900,000. annually. The organization reported $158K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Masonic Trustees Of Portland's spending goes to programs?
Masonic Trustees Of Portland directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Masonic Trustees Of Portland compare to similar nonprofits?
With a transparency score of 65/100 (Good), Masonic Trustees Of Portland is above average for NTEE category S47 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Masonic Trustees Of Portland located?
Masonic Trustees Of Portland is headquartered in Portland, Maine and files with the IRS under EIN 10116380. It is classified under NTEE code S47.
How many years of IRS 990 filings does Masonic Trustees Of Portland have?
Masonic Trustees Of Portland 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 $158K in total revenue.
Is Masonic Trustees Of Portland a good charity?
The organization demonstrates strong transparency and a volunteer-led structure with no officer compensation. However, its consistent deficit spending (e.g., $270,316 expenses vs. $132,611 revenue in 2023) raises concerns about long-term financial sustainability if not addressed by increased revenue or reduced expenses.
How does the organization fund its operations given consistent deficits?
The organization appears to be funding its operations by drawing down its assets, which have decreased from $1,241,340 in 2014 to $883,294 in 2023, indicating reliance on its endowment or accumulated reserves to cover the gap between revenue and expenses.
What is the trend in the organization's assets?
The organization's assets have shown a general downward trend over the past decade, decreasing from a high of $1,241,340 in 2014 to $883,294 in 2023, reflecting the impact of consistent deficit spending.
Filing History
IRS 990 filing history for Masonic Trustees Of Portland showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Masonic Trustees Of Portland's revenue has grown by 12.2%, moving from $118K to $133K. Total assets decreased by 28.8% over the same period, from $1.2M to $883K. Total functional expenses rose by 152.7%, from $107K to $270K. In its most recent filing year (2023), Masonic Trustees Of Portland reported a deficit of $138K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $133K | $270K | $883K | $0 | — | — |
| 2022 | $98K | $210K | $904K | $0 | — | View 990 |
| 2021 | $124K | $190K | $1.2M | $0 | — | View 990 |
| 2020 | $98K | $145K | $892K | $0 | — | — |
| 2019 | $125K | $178K | $877K | $0 | — | View 990 |
| 2018 | $159K | $315K | $905K | $0 | — | View 990 |
| 2017 | $125K | $145K | $1.1M | $0 | — | View 990 |
| 2016 | $91K | $152K | $1.0M | $0 | — | View 990 |
| 2015 | $109K | $222K | $1.1M | $0 | — | View 990 |
| 2014 | $118K | $107K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $133K, expenses of $270K, and assets of $883K (revenue +35.7% year-over-year).
- 2022: Revenue of $98K, expenses of $210K, and assets of $904K (revenue -21.3% year-over-year).
- 2021: Revenue of $124K, expenses of $190K, and assets of $1.2M (revenue +26.2% year-over-year).
- 2020: Revenue of $98K, expenses of $145K, and assets of $892K (revenue -21.1% year-over-year).
- 2019: Revenue of $125K, expenses of $178K, and assets of $877K (revenue -21.6% year-over-year).
- 2018: Revenue of $159K, expenses of $315K, and assets of $905K (revenue +26.9% year-over-year).
- 2017: Revenue of $125K, expenses of $145K, and assets of $1.1M (revenue +37.4% year-over-year).
- 2016: Revenue of $91K, expenses of $152K, and assets of $1.0M (revenue -16.0% year-over-year).
- 2015: Revenue of $109K, expenses of $222K, and assets of $1.1M (revenue -8.2% year-over-year).
- 2014: Revenue of $118K, expenses of $107K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Masonic Trustees Of Portland:
Data Sources and Methodology
This transparency report for Masonic Trustees Of Portland 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.