Midcoast Humane
Midcoast Humane faces recent operating deficits despite strong asset growth and no reported officer compensation.
EIN: 16021200 · Brunswick, ME · NTEE: D200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $3.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $7.5M |
| Transparency Score | 85/100 |
Is Midcoast Humane Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Midcoast Humane directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Midcoast Humane
Midcoast Humane (EIN: 16021200) is a nonprofit organization based in Brunswick, ME, classified under NTEE code D200. The organization reported total revenue of $4.5M and total assets of $9.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midcoast Humane's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midcoast Humane is a mid-size nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-479,580 |
| Total Assets | $9.2M |
| Total Liabilities | $1.7M |
| Net Assets | $7.5M |
| Operating Margin | -16.2% |
| Debt-to-Asset Ratio | 18.9% |
| Months of Reserves | 32.2 months |
Financial Health Grade: B
In 2023, Midcoast Humane reported a deficit of $480K with expenses exceeding revenue, holds 32.2 months of operating reserves (strong position), has a debt-to-asset ratio of 18.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Midcoast Humane's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.4% | +15.3% | -4.1% |
| 2022 | -28.0% | +38.0% | -4.0% |
| 2021 | +14.4% | -9.2% | +18.9% |
| 2020 | +24.6% | -8.9% | +67.8% |
| 2019 | +24.2% | +5.6% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1966 |
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 Midcoast Humane 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, Midcoast Humane 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 $480K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.9%.
Executive Compensation Analysis
Midcoast Humane reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or that compensation is categorized differently, which is highly unusual for an organization of its size with over $4 million in latest revenue and $9 million in assets. This suggests a very lean administrative overhead at the executive level.
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 Midcoast Humane's IRS 990 filings:
- Expenses exceeding revenue in recent fiscal years (e.g., 2023 and 2022), indicating potential reliance on reserves.
- Significant increase in liabilities from $514,223 in 2019 to $1,746,406 in 2023 without clear explanation in summary data.
Strengths
The following positive indicators were identified for Midcoast Humane:
- Consistent asset growth over the past decade, reaching $9,236,550 in 2023.
- No reported officer compensation, suggesting a strong commitment to directing funds to mission.
- Consistent IRS 990 filing history, indicating good transparency.
- Substantial revenue growth over the past decade, from $1,986,961 in 2014 to $2,960,902 in 2023 (latest available filing period).
Frequently Asked Questions about Midcoast Humane
Is Midcoast Humane a legitimate charity?
Midcoast Humane (EIN: 16021200) 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: $4.5M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Midcoast Humane spend its money?
Midcoast Humane directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Midcoast Humane tax-deductible?
Midcoast Humane is registered as a tax-exempt nonprofit (EIN: 16021200). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Midcoast Humane CEO make?
Midcoast Humane's highest-compensated officer earns $4 annually. The organization reported $4.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Midcoast Humane's spending goes to programs?
Midcoast Humane directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Midcoast Humane compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Midcoast Humane is above average for NTEE category D200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Midcoast Humane located?
Midcoast Humane is headquartered in Brunswick, Maine and files with the IRS under EIN 16021200. It is classified under NTEE code D200.
How many years of IRS 990 filings does Midcoast Humane have?
Midcoast Humane 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 $4.5M in total revenue.
Why have expenses exceeded revenue in recent years (e.g., 2023 and 2022)?
In 2023, expenses were $3,440,482 while revenue was $2,960,902, and in 2022, expenses were $2,983,941 against $2,890,847 in revenue. This trend suggests the organization is either drawing down reserves or experiencing increased operational costs not fully covered by current income.
What caused the significant increase in liabilities from $514,223 in 2019 to $1,746,406 in 2023?
The provided data does not specify the nature of these liabilities. A nearly threefold increase in liabilities over four years could indicate new debt, capital project financing, or other obligations that warrant further investigation into the detailed financial statements.
How does Midcoast Humane sustain operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It suggests either a fully volunteer executive leadership, or that executive compensation is reported under other expense categories, which would require reviewing the full Form 990 for clarity.
Filing History
IRS 990 filing history for Midcoast Humane showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Midcoast Humane's revenue has grown by 243.9%, moving from $861K to $3.0M. Total assets increased by 430.7% over the same period, from $1.7M to $9.2M. Total functional expenses rose by 213%, from $1.1M to $3.4M. In its most recent filing year (2023), Midcoast Humane reported a deficit of $480K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $9.2M in assets (debt-to-asset ratio: 18.9%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $3.4M | $9.2M | $1.7M | — | — |
| 2022 | $2.9M | $3.0M | $9.6M | $1.7M | — | View 990 |
| 2021 | $4.0M | $2.2M | $10.0M | $2.0M | — | View 990 |
| 2020 | $3.5M | $2.4M | $8.4M | $2.4M | — | View 990 |
| 2019 | $2.8M | $2.6M | $5.0M | $514K | — | View 990 |
| 2018 | $2.3M | $2.5M | $4.7M | $496K | — | View 990 |
| 2017 | $2.5M | $2.2M | $5.1M | $491K | — | View 990 |
| 2016 | $1.7M | $1.8M | $4.7M | $539K | — | View 990 |
| 2015 | $1.9M | $1.4M | $3.7M | $496K | — | View 990 |
| 2014 | $2.0M | $1.3M | $3.2M | $421K | — | View 990 |
| 2013 | $1.3M | $1.1M | $2.3M | $419K | — | View 990 |
| 2012 | $1.0M | $1.1M | $2.0M | $424K | — | View 990 |
| 2011 | $861K | $1.1M | $1.7M | $57K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $3.4M, and assets of $9.2M (revenue +2.4% year-over-year).
- 2022: Revenue of $2.9M, expenses of $3.0M, and assets of $9.6M (revenue -28.0% year-over-year).
- 2021: Revenue of $4.0M, expenses of $2.2M, and assets of $10.0M (revenue +14.4% year-over-year).
- 2020: Revenue of $3.5M, expenses of $2.4M, and assets of $8.4M (revenue +24.6% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.6M, and assets of $5.0M (revenue +24.2% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.5M, and assets of $4.7M (revenue -7.4% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.2M, and assets of $5.1M (revenue +41.9% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.8M, and assets of $4.7M (revenue -7.7% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.4M, and assets of $3.7M (revenue -5.8% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.3M, and assets of $3.2M (revenue +52.7% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.1M, and assets of $2.3M (revenue +26.0% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.1M, and assets of $2.0M (revenue +19.9% year-over-year).
- 2011: Revenue of $861K, expenses of $1.1M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midcoast Humane:
Data Sources and Methodology
This transparency report for Midcoast Humane 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.