Mid Maine Homeless Shelter Inc
Mid Maine Homeless Shelter Inc shows strong asset growth but faces recent operational deficits.
EIN: 10425115 · Waterville, ME · NTEE: L41Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.9M |
| Program Spending | 80% |
| Net Assets | $4.9M |
| Transparency Score | 85/100 |
Is Mid Maine Homeless Shelter Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mid Maine Homeless Shelter Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mid Maine Homeless Shelter Inc
Mid Maine Homeless Shelter Inc (EIN: 10425115) is a nonprofit organization based in Waterville, ME, classified under NTEE code L41Z. The organization reported total revenue of $2.8M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid Maine Homeless Shelter Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mid Maine Homeless Shelter Inc is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-373,306 |
| Total Assets | $5.2M |
| Total Liabilities | $306K |
| Net Assets | $4.9M |
| Operating Margin | -14.9% |
| Debt-to-Asset Ratio | 5.9% |
| Months of Reserves | 21.8 months |
Financial Health Grade: B
In 2023, Mid Maine Homeless Shelter Inc reported a deficit of $373K with expenses exceeding revenue, holds 21.8 months of operating reserves (strong position), has a debt-to-asset ratio of 5.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mid Maine Homeless Shelter Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.0% | +7.9% | -1.6% |
| 2022 | -21.9% | +34.9% | -9.4% |
| 2021 | +55.9% | +18.8% | +10.0% |
| 2020 | +87.1% | +51.7% | +8.7% |
| 2019 | +11.1% | +12.6% | +0.7% |
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 Mid Maine Homeless Shelter Inc 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 Maine Homeless Shelter Inc 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 $373K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a volunteer leadership structure or compensation categorized differently, which is highly favorable for donor perception and indicates a strong commitment to the mission.
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 Maine Homeless Shelter Inc's IRS 990 filings:
- Recurring operational deficits in recent years (e.g., 202312, 202212)
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, limiting efficiency analysis
Strengths
The following positive indicators were identified for Mid Maine Homeless Shelter Inc:
- Consistent reporting of 0% officer compensation, indicating strong mission focus or volunteer leadership
- Significant growth in assets over the past decade, providing financial stability
- Substantial revenue growth, demonstrating increasing support for its mission
- Strong asset base relative to annual expenses, offering a buffer against financial fluctuations
Frequently Asked Questions about Mid Maine Homeless Shelter Inc
Is Mid Maine Homeless Shelter Inc a legitimate charity?
Mid Maine Homeless Shelter Inc (EIN: 10425115) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.8M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Mid Maine Homeless Shelter Inc spend its money?
Mid Maine Homeless Shelter Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mid Maine Homeless Shelter Inc tax-deductible?
Mid Maine Homeless Shelter Inc is registered as a tax-exempt nonprofit (EIN: 10425115). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mid Maine Homeless Shelter Inc's spending goes to programs?
Mid Maine Homeless Shelter Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mid Maine Homeless Shelter Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mid Maine Homeless Shelter Inc is above average for NTEE category L41Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mid Maine Homeless Shelter Inc located?
Mid Maine Homeless Shelter Inc is headquartered in Waterville, Maine and files with the IRS under EIN 10425115. It is classified under NTEE code L41Z.
How many years of IRS 990 filings does Mid Maine Homeless Shelter Inc have?
Mid Maine Homeless Shelter Inc 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 $2.8M in total revenue.
Is Mid Maine Homeless Shelter Inc a good charity?
Based on the available data, Mid Maine Homeless Shelter Inc appears to be a good charity, particularly due to its strong asset base ($5,217,198 in 202312) and the reported 0% officer compensation, indicating a high dedication to its mission. However, recent operational deficits (e.g., $2,871,639 expenses vs. $2,498,333 revenue in 202312) suggest a need for careful financial planning.
How has the organization's financial health changed over time?
The organization has seen significant growth in revenue and assets over the past decade. Revenue increased from $886,057 in 201412 to $2,498,333 in 202312, and assets grew from $3,569,766 to $5,217,198 in the same period. However, recent years (202312, 202212) show expenses exceeding revenue, a shift from earlier periods (e.g., 202112, 201712) where revenue significantly outpaced expenses.
What are the key financial challenges facing Mid Maine Homeless Shelter Inc?
The primary financial challenge appears to be managing operational deficits, as seen in 202312 ($373,306 deficit) and 202212 ($507,901 deficit). While the organization has a strong asset base, sustained deficits could erode reserves and impact long-term sustainability if not addressed.
Filing History
IRS 990 filing history for Mid Maine Homeless Shelter Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mid Maine Homeless Shelter Inc's revenue has grown by 109.4%, moving from $1.2M to $2.5M. Total assets increased by 65.3% over the same period, from $3.2M to $5.2M. Total functional expenses rose by 548.3%, from $443K to $2.9M. In its most recent filing year (2023), Mid Maine Homeless Shelter Inc reported a deficit of $373K, with expenses exceeding revenue. The organization holds $306K in liabilities against $5.2M in assets (debt-to-asset ratio: 5.9%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.9M | $5.2M | $306K | — | — |
| 2022 | $2.2M | $2.7M | $5.3M | $1.6M | — | View 990 |
| 2021 | $2.8M | $2.0M | $5.9M | $1.3M | — | View 990 |
| 2020 | $1.8M | $1.7M | $5.3M | $1.2M | — | View 990 |
| 2019 | $946K | $1.1M | $4.9M | $1.0M | — | — |
| 2018 | $851K | $972K | $4.9M | $1.0M | — | View 990 |
| 2017 | $1.0M | $776K | $5.0M | $1.0M | — | View 990 |
| 2016 | $1.0M | $658K | $4.8M | $1.1M | — | View 990 |
| 2015 | $1.1M | $605K | $3.6M | $364K | — | View 990 |
| 2014 | $886K | $715K | $3.6M | $1.1M | — | View 990 |
| 2013 | $898K | $840K | $3.9M | $1.5M | — | View 990 |
| 2012 | $1.2M | $591K | $4.1M | $1.7M | — | View 990 |
| 2011 | $1.2M | $443K | $3.2M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.9M, and assets of $5.2M (revenue +16.0% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.7M, and assets of $5.3M (revenue -21.9% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.0M, and assets of $5.9M (revenue +55.9% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.7M, and assets of $5.3M (revenue +87.1% year-over-year).
- 2019: Revenue of $946K, expenses of $1.1M, and assets of $4.9M (revenue +11.1% year-over-year).
- 2018: Revenue of $851K, expenses of $972K, and assets of $4.9M (revenue -17.4% year-over-year).
- 2017: Revenue of $1.0M, expenses of $776K, and assets of $5.0M (revenue +0.7% year-over-year).
- 2016: Revenue of $1.0M, expenses of $658K, and assets of $4.8M (revenue -5.6% year-over-year).
- 2015: Revenue of $1.1M, expenses of $605K, and assets of $3.6M (revenue +22.3% year-over-year).
- 2014: Revenue of $886K, expenses of $715K, and assets of $3.6M (revenue -1.3% year-over-year).
- 2013: Revenue of $898K, expenses of $840K, and assets of $3.9M (revenue -25.5% year-over-year).
- 2012: Revenue of $1.2M, expenses of $591K, and assets of $4.1M (revenue +1.0% year-over-year).
- 2011: Revenue of $1.2M, expenses of $443K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mid Maine Homeless Shelter Inc:
Data Sources and Methodology
This transparency report for Mid Maine Homeless Shelter 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.