Mcarthur Home For Aged People Assoc
Mcarthur Home For Aged People Assoc maintains stable assets with fluctuating annual operating results and no reported officer compensation.
EIN: 10212437 · Biddeford, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $805K |
| Total Expenses | $821K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $6.1M |
| Transparency Score | 85/100 |
Is Mcarthur Home For Aged People Assoc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mcarthur Home For Aged People Assoc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mcarthur Home For Aged People Assoc
Mcarthur Home For Aged People Assoc (EIN: 10212437) is a nonprofit organization based in Biddeford, ME. The organization reported total revenue of $805K and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcarthur Home For Aged People Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcarthur Home For Aged People Assoc is a small nonprofit that has been operating for 52 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $612K |
| Total Expenses | $821K |
| Surplus / Deficit | $-209,118 |
| Total Assets | $6.1M |
| Total Liabilities | $1 |
| Net Assets | $6.1M |
| Operating Margin | -34.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 89.7 months |
Financial Health Grade: B
In 2023, Mcarthur Home For Aged People Assoc reported a deficit of $209K with expenses exceeding revenue, holds 89.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Mcarthur Home For Aged People Assoc's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.0% | +16.3% | -3.3% |
| 2022 | +27.9% | +7.5% | +5.2% |
| 2020 | +1.1% | +2.2% | +0.3% |
| 2019 | +15.6% | -1.5% | -1.1% |
| 2015 | +1.7% | -1.1% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
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 Mcarthur Home For Aged People Assoc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mcarthur Home For Aged People Assoc 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 deficit of $209K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either a volunteer-led executive team or compensation below reporting thresholds, which is highly favorable for an organization of its size with assets over $5 million.
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 Mcarthur Home For Aged People Assoc's IRS 990 filings:
- Occasional operating deficits, such as in 2023 where expenses ($820,652) exceeded revenue ($611,534).
Strengths
The following positive indicators were identified for Mcarthur Home For Aged People Assoc:
- Consistent and substantial asset base, averaging over $6 million, providing financial stability.
- No reported officer compensation across all available filings, indicating high efficiency in executive overhead.
- Long history of IRS 990 filings (9 filings), demonstrating transparency and compliance.
- Ability to manage expenses to maintain a stable asset base despite revenue fluctuations.
Frequently Asked Questions about Mcarthur Home For Aged People Assoc
Is Mcarthur Home For Aged People Assoc a legitimate charity?
Mcarthur Home For Aged People Assoc (EIN: 10212437) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $805K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Mcarthur Home For Aged People Assoc spend its money?
Mcarthur Home For Aged People Assoc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mcarthur Home For Aged People Assoc tax-deductible?
Mcarthur Home For Aged People Assoc is registered as a tax-exempt nonprofit (EIN: 10212437). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mcarthur Home For Aged People Assoc CEO make?
Mcarthur Home For Aged People Assoc's highest-compensated officer earns $5 annually. The organization reported $805K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mcarthur Home For Aged People Assoc's spending goes to programs?
Mcarthur Home For Aged People Assoc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Mcarthur Home For Aged People Assoc located?
Mcarthur Home For Aged People Assoc is headquartered in Biddeford, Maine and files with the IRS under EIN 10212437.
How many years of IRS 990 filings does Mcarthur Home For Aged People Assoc have?
Mcarthur Home For Aged People Assoc has 9 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 $805K in total revenue.
Is Mcarthur Home For Aged People Assoc a good charity?
Based on the available IRS 990 data, Mcarthur Home For Aged People Assoc appears to be a financially stable organization with a significant asset base and a notable commitment to not reporting officer compensation, suggesting efficient use of funds. Its long history of filings and consistent asset levels are positive indicators.
How does the organization manage its expenses?
The organization's expenses have fluctuated, with some years showing a surplus (e.g., 2022 expenses of $705,439 against $861,178 revenue) and others a deficit (e.g., 2023 expenses of $820,652 against $611,534 revenue). However, its substantial asset base of over $5.8 million provides a buffer against these fluctuations.
What is the trend in the organization's assets?
The organization's assets have remained remarkably stable over the past decade, consistently hovering around the $6 million mark, ranging from $5,847,288 to $6,343,483. This indicates strong financial stewardship and a solid long-term financial foundation.
Filing History
IRS 990 filing history for Mcarthur Home For Aged People Assoc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Mcarthur Home For Aged People Assoc's revenue has grown by 17.9%, moving from $519K to $612K. Total assets increased by 1.3% over the same period, from $6.1M to $6.1M. Total functional expenses rose by 34.4%, from $611K to $821K. In its most recent filing year (2023), Mcarthur Home For Aged People Assoc reported a deficit of $209K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $612K | $821K | $6.1M | $1 | — | View 990 |
| 2022 | $861K | $705K | $6.3M | $1 | — | View 990 |
| 2020 | $673K | $656K | $6.0M | $0 | — | View 990 |
| 2019 | $666K | $642K | $6.0M | $0 | — | View 990 |
| 2015 | $576K | $652K | $6.1M | $0 | — | View 990 |
| 2014 | $566K | $659K | $6.2M | $0 | — | View 990 |
| 2013 | $929K | $613K | $6.3M | $0 | — | View 990 |
| 2012 | $476K | $598K | $5.9M | $0 | — | View 990 |
| 2011 | $519K | $611K | $6.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $612K, expenses of $821K, and assets of $6.1M (revenue -29.0% year-over-year).
- 2022: Revenue of $861K, expenses of $705K, and assets of $6.3M (revenue +27.9% year-over-year).
- 2020: Revenue of $673K, expenses of $656K, and assets of $6.0M (revenue +1.1% year-over-year).
- 2019: Revenue of $666K, expenses of $642K, and assets of $6.0M (revenue +15.6% year-over-year).
- 2015: Revenue of $576K, expenses of $652K, and assets of $6.1M (revenue +1.7% year-over-year).
- 2014: Revenue of $566K, expenses of $659K, and assets of $6.2M (revenue -39.0% year-over-year).
- 2013: Revenue of $929K, expenses of $613K, and assets of $6.3M (revenue +95.2% year-over-year).
- 2012: Revenue of $476K, expenses of $598K, and assets of $5.9M (revenue -8.3% year-over-year).
- 2011: Revenue of $519K, expenses of $611K, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcarthur Home For Aged People Assoc:
Data Sources and Methodology
This transparency report for Mcarthur Home For Aged People Assoc 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.