Mid Coast Board Of Realtors

Mid Coast Board Of Realtors consistently generates surpluses and maintains zero officer compensation.

EIN: 10403851 · Camden, ME · Updated: 2026-03-28

$158KRevenue

$157KAssets

85/100Mission Score (Excellent)

Is Mid Coast Board Of Realtors Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

1 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Mid Coast Board Of Realtors directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Mid Coast Board Of Realtors

Mid Coast Board Of Realtors (EIN: 10403851) is a nonprofit organization based in Camden, ME. The organization reported total revenue of $158K and total assets of $157K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid Coast Board Of Realtors's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mid Coast Board Of Realtors demonstrates consistent financial stability, with revenues generally exceeding expenses over the past several years. For example, in 2023, revenue was $135,739 against expenses of $122,627, resulting in a surplus. The organization maintains a healthy asset base, growing from $76,360 in 2016 to $136,350 in 2023, with minimal to no liabilities reported, indicating strong financial management and solvency. This consistent growth in assets without accumulating debt is a positive indicator of financial health.

Regarding spending efficiency, without detailed expense breakdowns beyond total expenses, it's challenging to precisely determine program versus administrative spending. However, the consistent surplus generation suggests that the organization is managing its overall expenditures effectively within its revenue streams. The absence of reported officer compensation across all filings indicates a volunteer-driven leadership structure, which can contribute to lower administrative overhead.

Transparency is high given the consistent filing of IRS Form 990s and the clear reporting of zero officer compensation. The organization's financial data is readily available, allowing for public scrutiny. The lack of liabilities further enhances its transparent financial standing, as there are no hidden debts or complex financial instruments to obscure its true financial picture. Overall, Mid Coast Board Of Realtors appears to be a financially sound and transparent organization.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mid Coast Board Of Realtors 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Mid Coast Board Of Realtors 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for a nonprofit of its size.

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 Mid Coast Board Of Realtors's IRS 990 filings:

NTEE Code is unknown, making it difficult to benchmark against similar organizations.

Strengths

The following positive indicators were identified for Mid Coast Board Of Realtors:

Consistent financial surpluses, with revenues generally exceeding expenses.
Zero officer compensation reported across all filings, indicating volunteer leadership.
Healthy and growing asset base, increasing from $76,360 in 2016 to $136,350 in 2023.
Minimal to no liabilities reported, indicating strong solvency and low financial risk.
Consistent IRS 990 filing history, demonstrating transparency.

Frequently Asked Questions about Mid Coast Board Of Realtors

Is Mid Coast Board Of Realtors a legitimate charity?

Based on AI analysis of IRS 990 filings, Mid Coast Board Of Realtors (EIN: 10403851) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.

How does Mid Coast Board Of Realtors spend its money?

Mid Coast Board Of Realtors directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Mid Coast Board Of Realtors tax-deductible?

Mid Coast Board Of Realtors is registered as a tax-exempt nonprofit (EIN: 10403851). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Mid Coast Board Of Realtors financially stable?

Yes, the organization has consistently reported revenues exceeding expenses in recent years (e.g., $135,739 revenue vs. $122,627 expenses in 2023) and has grown its assets from $76,360 in 2016 to $136,350 in 2023, indicating strong financial stability.

Does Mid Coast Board Of Realtors pay its officers?

No, all available IRS 990 filings consistently report 0% officer compensation, suggesting a volunteer-led organization.

How has the organization's asset base changed over time?

The organization's assets have shown consistent growth, increasing from $76,360 in 2016 to $136,350 in 2023, demonstrating prudent financial management and accumulation of resources.

Filing History

IRS 990 filing history for Mid Coast Board Of Realtors showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Mid Coast Board Of Realtors's revenue has declined by 10.7%, moving from $152K to $136K. Total assets increased by 75.9% over the same period, from $78K to $136K. Total functional expenses fell by 39%, from $201K to $123K. In its most recent filing year (2023), Mid Coast Board Of Realtors reported a surplus of $13K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$136K	$123K	$136K	$0	—	View 990
2022	$144K	$123K	$123K	$0	—	View 990
2021	$105K	$101K	$103K	$0	—	—
2020	$92K	$79K	$99K	$0	—	View 990
2019	$111K	$106K	$86K	$0	—	View 990
2018	$105K	$102K	$81K	$0	—	View 990
2017	$129K	$125K	$79K	$1K	—	View 990
2016	$120K	$137K	$76K	$2K	—	View 990
2015	$151K	$162K	$89K	$0	—	—
2014	$151K	$162K	$89K	$0	—	View 990
2013	$191K	$171K	$98K	$0	—	View 990
2012	$152K	$201K	$78K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $136K, expenses of $123K, and assets of $136K (revenue -5.4% year-over-year).
2022: Revenue of $144K, expenses of $123K, and assets of $123K (revenue +37.0% year-over-year).
2021: Revenue of $105K, expenses of $101K, and assets of $103K (revenue +14.5% year-over-year).
2020: Revenue of $92K, expenses of $79K, and assets of $99K (revenue -17.7% year-over-year).
2019: Revenue of $111K, expenses of $106K, and assets of $86K (revenue +6.3% year-over-year).
2018: Revenue of $105K, expenses of $102K, and assets of $81K (revenue -18.8% year-over-year).
2017: Revenue of $129K, expenses of $125K, and assets of $79K (revenue +7.2% year-over-year).
2016: Revenue of $120K, expenses of $137K, and assets of $76K (revenue -20.3% year-over-year).
2015: Revenue of $151K, expenses of $162K, and assets of $89K (revenue +0.0% year-over-year).
2014: Revenue of $151K, expenses of $162K, and assets of $89K (revenue -21.0% year-over-year).
2013: Revenue of $191K, expenses of $171K, and assets of $98K (revenue +25.5% year-over-year).
2012: Revenue of $152K, expenses of $201K, and assets of $78K.

Data Sources and Methodology

This transparency report for Mid Coast Board Of Realtors 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.