Midcoast Symphony Orchestra
Midcoast Symphony Orchestra maintains strong asset growth and zero liabilities with no officer compensation.
EIN: 10459493 · Brunswick, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $224K |
| Total Expenses | $203K |
| Program Spending | 80% |
| Net Assets | $1.1M |
| Transparency Score | 90/100 |
Is Midcoast Symphony Orchestra Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Midcoast Symphony Orchestra directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Midcoast Symphony Orchestra
Midcoast Symphony Orchestra (EIN: 10459493) is a nonprofit organization based in Brunswick, ME. The organization reported total revenue of $224K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midcoast Symphony Orchestra's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midcoast Symphony Orchestra is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $266K |
| Total Expenses | $203K |
| Surplus / Deficit | +$63K |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | 23.6% |
| Months of Reserves | 62.2 months |
Financial Health Grade: A
In 2023, Midcoast Symphony Orchestra reported a surplus of $63K with revenue exceeding expenses, holds 62.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Midcoast Symphony Orchestra's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +352.5% | +39.3% | — |
| 2022 | -76.6% | +115.4% | — |
| 2021 | +82.9% | -44.4% | -100.0% |
| 2020 | -18.3% | -19.4% | +5.7% |
| 2019 | -8.8% | -2.7% | +19.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Symphony Orchestra with a Mission Score of 90 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, Midcoast Symphony Orchestra 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 surplus of $63K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer roles, which is highly favorable for directing funds to its 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.
Strengths
The following positive indicators were identified for Midcoast Symphony Orchestra:
- Consistent asset growth, reaching $1,052,975 in 2023 from $515,999 in 2014.
- Zero reported liabilities across all available filings, indicating strong financial health.
- 0% officer compensation reported, suggesting efficient use of funds for its mission.
- Generally positive net revenue in most years, demonstrating sustainable operations.
- Strong financial reserves with over $1 million in assets.
Frequently Asked Questions about Midcoast Symphony Orchestra
Is Midcoast Symphony Orchestra a legitimate charity?
Midcoast Symphony Orchestra (EIN: 10459493) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $224K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Midcoast Symphony Orchestra spend its money?
Midcoast Symphony Orchestra directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Midcoast Symphony Orchestra tax-deductible?
Midcoast Symphony Orchestra is registered as a tax-exempt nonprofit (EIN: 10459493). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Midcoast Symphony Orchestra's spending goes to programs?
Midcoast Symphony Orchestra directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Midcoast Symphony Orchestra located?
Midcoast Symphony Orchestra is headquartered in Brunswick, Maine and files with the IRS under EIN 10459493.
How many years of IRS 990 filings does Midcoast Symphony Orchestra have?
Midcoast Symphony Orchestra 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 $224K in total revenue.
Is Midcoast Symphony Orchestra a good charity?
Based on the provided data, Midcoast Symphony Orchestra appears to be a very good charity. It demonstrates strong financial health with growing assets ($1,052,975 in 2023), zero liabilities, and no reported officer compensation, suggesting efficient use of funds and a strong commitment to its mission.
How has the organization's financial stability changed over time?
The organization's financial stability has significantly improved over time, with assets growing from $515,999 in 2014 to $1,052,975 in 2023, more than doubling its asset base. It consistently reports zero liabilities, indicating excellent financial management.
What is the trend in revenue and expenses?
Revenue has fluctuated, with a high of $265,751 in 2023 and a low of $58,732 in 2022, but generally shows an upward trend over the decade. Expenses have also varied but have been managed to result in positive net income in most years, indicating fiscal responsibility.
Filing History
IRS 990 filing history for Midcoast Symphony Orchestra showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Midcoast Symphony Orchestra's revenue has grown by 86.9%, moving from $142K to $266K. Total assets increased by 282.2% over the same period, from $276K to $1.1M. Total functional expenses rose by 135.2%, from $86K to $203K. In its most recent filing year (2023), Midcoast Symphony Orchestra reported a surplus of $63K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $266K | $203K | $1.1M | $0 | — | View 990 |
| 2022 | $59K | $146K | $0 | $0 | — | View 990 |
| 2021 | $251K | $68K | $0 | $0 | — | View 990 |
| 2020 | $137K | $122K | $894K | $0 | — | View 990 |
| 2019 | $168K | $151K | $846K | $0 | — | View 990 |
| 2018 | $184K | $155K | $708K | $0 | — | View 990 |
| 2017 | $187K | $119K | $671K | $0 | — | View 990 |
| 2016 | $139K | $120K | $603K | $0 | — | View 990 |
| 2015 | $154K | $121K | $584K | $0 | — | View 990 |
| 2014 | $237K | $105K | $516K | $0 | — | View 990 |
| 2013 | $179K | $104K | $385K | $0 | — | View 990 |
| 2012 | $183K | $101K | $356K | $356K | — | View 990 |
| 2011 | $142K | $86K | $276K | $276K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $266K, expenses of $203K, and assets of $1.1M (revenue +352.5% year-over-year).
- 2022: Revenue of $59K, expenses of $146K, and assets of $0 (revenue -76.6% year-over-year).
- 2021: Revenue of $251K, expenses of $68K, and assets of $0 (revenue +82.9% year-over-year).
- 2020: Revenue of $137K, expenses of $122K, and assets of $894K (revenue -18.3% year-over-year).
- 2019: Revenue of $168K, expenses of $151K, and assets of $846K (revenue -8.8% year-over-year).
- 2018: Revenue of $184K, expenses of $155K, and assets of $708K (revenue -1.6% year-over-year).
- 2017: Revenue of $187K, expenses of $119K, and assets of $671K (revenue +34.2% year-over-year).
- 2016: Revenue of $139K, expenses of $120K, and assets of $603K (revenue -9.3% year-over-year).
- 2015: Revenue of $154K, expenses of $121K, and assets of $584K (revenue -35.0% year-over-year).
- 2014: Revenue of $237K, expenses of $105K, and assets of $516K (revenue +32.2% year-over-year).
- 2013: Revenue of $179K, expenses of $104K, and assets of $385K (revenue -2.3% year-over-year).
- 2012: Revenue of $183K, expenses of $101K, and assets of $356K (revenue +28.8% year-over-year).
- 2011: Revenue of $142K, expenses of $86K, and assets of $276K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midcoast Symphony Orchestra:
Data Sources and Methodology
This transparency report for Midcoast Symphony Orchestra 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.