Megunticook Watershed Association
Megunticook Watershed Association shows consistent asset growth and no paid executive compensation over the past decade.
EIN: 10285516 · Camden, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $172K |
| Total Expenses | $102K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $150,000 |
| Net Assets | $234K |
| Transparency Score | 92/100 |
Is Megunticook Watershed Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Megunticook Watershed Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Megunticook Watershed Association
Megunticook Watershed Association (EIN: 10285516) is a nonprofit organization based in Camden, ME. The organization reported total revenue of $172K and total assets of $272K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Megunticook Watershed Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Megunticook Watershed Association is a small nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $158K |
| Total Expenses | $102K |
| Surplus / Deficit | +$56K |
| Total Assets | $235K |
| Total Liabilities | $2K |
| Net Assets | $234K |
| Operating Margin | 35.4% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 27.7 months |
Financial Health Grade: A
In 2024, Megunticook Watershed Association reported a surplus of $56K with revenue exceeding expenses, holds 27.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Megunticook Watershed Association's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +101.5% | +24.1% | +30.1% |
| 2023 | -6.5% | -21.5% | -3.2% |
| 2022 | -8.5% | +38.5% | -10.1% |
| 2021 | +14.0% | -9.1% | +7.9% |
| 2020 | +2.0% | +7.8% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
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 Megunticook Watershed Association 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Megunticook Watershed Association 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $56K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based. This is highly unusual for an organization with revenues exceeding $150,000 and suggests a very lean operational structure, maximizing funds available for direct mission activities.
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 Megunticook Watershed Association:
- Consistent asset growth, from $191,715 in 2015 to $235,428 in 2024.
- Zero officer compensation reported across all 13 filings, indicating volunteer leadership and high efficiency.
- Very low liabilities, consistently under $7,000, demonstrating strong financial stability.
- Healthy revenue surplus in the most recent period (202404: Revenue $157,978 vs. Expenses $102,120).
- Long history of consistent IRS 990 filings (13 filings), indicating good transparency and compliance.
Frequently Asked Questions about Megunticook Watershed Association
Is Megunticook Watershed Association a legitimate charity?
Megunticook Watershed Association (EIN: 10285516) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $172K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Megunticook Watershed Association spend its money?
Megunticook Watershed Association directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Megunticook Watershed Association tax-deductible?
Megunticook Watershed Association is registered as a tax-exempt nonprofit (EIN: 10285516). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Megunticook Watershed Association CEO make?
Megunticook Watershed Association's highest-compensated officer earns $150,000 annually. The organization reported $172K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Megunticook Watershed Association's spending goes to programs?
Megunticook Watershed Association directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Megunticook Watershed Association located?
Megunticook Watershed Association is headquartered in Camden, Maine and files with the IRS under EIN 10285516.
How many years of IRS 990 filings does Megunticook Watershed Association have?
Megunticook Watershed Association has 13 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 $172K in total revenue.
Is Megunticook Watershed Association a good charity?
Based on the provided financial data, the Megunticook Watershed Association appears to be a very good charity. It demonstrates strong financial health with growing assets and low liabilities, and notably, zero executive compensation, suggesting a high dedication of resources to its mission.
How has the organization's financial health changed over time?
The organization's financial health has generally improved. Revenue has shown an upward trend, particularly in the most recent period (202404) reaching $157,978. Assets have consistently grown from $191,715 in 2015 to $235,428 in 2024, while liabilities have remained very low, indicating increasing stability and capacity.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is to have none. All filings consistently report 0% officer compensation, indicating that its leadership operates on a volunteer basis, which is a significant strength in terms of resource allocation.
Filing History
IRS 990 filing history for Megunticook Watershed Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Megunticook Watershed Association's revenue has grown by 84.3%, moving from $86K to $158K. Total assets increased by 73.8% over the same period, from $135K to $235K. Total functional expenses fell by 11.3%, from $115K to $102K. In its most recent filing year (2024), Megunticook Watershed Association reported a surplus of $56K, with revenue exceeding expenses. The organization holds $2K in liabilities against $235K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $234K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $158K | $102K | $235K | $2K | — | — |
| 2023 | $78K | $82K | $181K | $3K | — | View 990 |
| 2022 | $84K | $105K | $187K | $5K | — | View 990 |
| 2021 | $92K | $76K | $208K | $5K | — | View 990 |
| 2020 | $80K | $83K | $193K | $6K | — | View 990 |
| 2019 | $79K | $77K | $195K | $5K | — | View 990 |
| 2018 | $72K | $78K | $195K | $7K | — | — |
| 2017 | $83K | $77K | $201K | $7K | — | View 990 |
| 2016 | $75K | $74K | $195K | $7K | — | View 990 |
| 2015 | $106K | $66K | $192K | $5K | — | View 990 |
| 2014 | $78K | $66K | $150K | $3K | — | View 990 |
| 2013 | $85K | $83K | $137K | $1K | — | View 990 |
| 2012 | $86K | $115K | $135K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $158K, expenses of $102K, and assets of $235K (revenue +101.5% year-over-year).
- 2023: Revenue of $78K, expenses of $82K, and assets of $181K (revenue -6.5% year-over-year).
- 2022: Revenue of $84K, expenses of $105K, and assets of $187K (revenue -8.5% year-over-year).
- 2021: Revenue of $92K, expenses of $76K, and assets of $208K (revenue +14.0% year-over-year).
- 2020: Revenue of $80K, expenses of $83K, and assets of $193K (revenue +2.0% year-over-year).
- 2019: Revenue of $79K, expenses of $77K, and assets of $195K (revenue +10.3% year-over-year).
- 2018: Revenue of $72K, expenses of $78K, and assets of $195K (revenue -14.0% year-over-year).
- 2017: Revenue of $83K, expenses of $77K, and assets of $201K (revenue +10.3% year-over-year).
- 2016: Revenue of $75K, expenses of $74K, and assets of $195K (revenue -28.7% year-over-year).
- 2015: Revenue of $106K, expenses of $66K, and assets of $192K (revenue +35.6% year-over-year).
- 2014: Revenue of $78K, expenses of $66K, and assets of $150K (revenue -8.1% year-over-year).
- 2013: Revenue of $85K, expenses of $83K, and assets of $137K (revenue -1.0% year-over-year).
- 2012: Revenue of $86K, expenses of $115K, and assets of $135K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Megunticook Watershed Association:
Data Sources and Methodology
This transparency report for Megunticook Watershed 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.