Monhegan Associates Inc
Monhegan Associates Inc. consistently maintains financial stability with zero officer compensation.
EIN: 16013556 · Cape Eliz, ME · NTEE: C30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $267K |
| Total Expenses | $76K |
| Program Spending | 90% |
| Net Assets | $689K |
| Transparency Score | 95/100 |
Is Monhegan Associates Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Monhegan Associates Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Monhegan Associates Inc
Monhegan Associates Inc (EIN: 16013556) is a nonprofit organization based in Cape Eliz, ME, classified under NTEE code C30. The organization reported total revenue of $267K and total assets of $882K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monhegan Associates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Monhegan Associates Inc is a small nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $102K |
| Total Expenses | $76K |
| Surplus / Deficit | +$26K |
| Total Assets | $689K |
| Total Liabilities | $634 |
| Net Assets | $689K |
| Operating Margin | 25.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 109.1 months |
Financial Health Grade: A
In 2023, Monhegan Associates Inc reported a surplus of $26K with revenue exceeding expenses, holds 109.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Monhegan Associates Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.8% | -20.7% | -0.5% |
| 2022 | -49.4% | +24.4% | -5.8% |
| 2021 | +230.9% | +49.1% | +35.2% |
| 2020 | +25.1% | +1.2% | +5.2% |
| 2019 | -31.0% | -28.6% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Monhegan Associates Inc with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Monhegan Associates Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for resource allocation.
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 Monhegan Associates Inc:
- Consistent financial stability and asset growth (Assets grew from $470,049 in 2014 to $689,476 in 2023).
- Zero officer compensation reported across all 12 filings, indicating efficient use of funds.
- Generally operates with a surplus (e.g., 2023 revenue $101,590 vs. expenses $75,835).
- Excellent transparency with 12 years of consistent IRS 990 filings.
- Low liabilities relative to assets in most periods (e.g., 2023 liabilities $634 vs. assets $689,476).
Frequently Asked Questions about Monhegan Associates Inc
Is Monhegan Associates Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Monhegan Associates Inc (EIN: 16013556) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Monhegan Associates Inc spend its money?
Monhegan Associates Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Monhegan Associates Inc tax-deductible?
Monhegan Associates Inc is registered as a tax-exempt nonprofit (EIN: 16013556). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Monhegan Associates Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Monhegan Associates Inc is above average for NTEE category C30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Monhegan Associates Inc located?
Monhegan Associates Inc is headquartered in Cape Eliz, Maine and files with the IRS under EIN 16013556. It is classified under NTEE code C30.
How many years of IRS 990 filings does Monhegan Associates Inc have?
Monhegan Associates Inc has 12 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 $267K in total revenue.
Is Monhegan Associates Inc. a good charity?
Based on the provided data, Monhegan Associates Inc. appears to be a very good charity. It consistently operates with a surplus, has growing assets, and reports 0% officer compensation, suggesting efficient use of funds and a strong commitment to its mission.
How has Monhegan Associates Inc.'s financial health changed over time?
Monhegan Associates Inc. has shown consistent financial growth and stability. Assets have increased from $470,049 in 2014 to $689,476 in 2023, and revenue generally exceeds expenses, indicating a healthy financial trajectory.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all 12 available filings, indicating a highly lean or volunteer-driven leadership structure, which is a strong positive for donor trust and resource allocation.
Does Monhegan Associates Inc. have a strong program focus?
While specific program spending percentages are not detailed in the raw data, the consistent 0% officer compensation strongly suggests that the vast majority of funds are directed towards program activities and operational needs, implying a strong program focus.
Filing History
IRS 990 filing history for Monhegan Associates Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Monhegan Associates Inc's revenue has grown by 164.2%, moving from $38K to $102K. Total assets increased by 59.3% over the same period, from $433K to $689K. Total functional expenses rose by 241.7%, from $22K to $76K. In its most recent filing year (2023), Monhegan Associates Inc reported a surplus of $26K, with revenue exceeding expenses. The organization holds $634 in liabilities against $689K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $689K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $102K | $76K | $689K | $634 | — | View 990 |
| 2022 | $100K | $96K | $693K | $10K | — | — |
| 2021 | $197K | $77K | $736K | $728 | — | — |
| 2020 | $60K | $52K | $544K | $6K | — | View 990 |
| 2019 | $48K | $51K | $517K | $717 | — | View 990 |
| 2018 | $69K | $71K | $516K | $3K | — | View 990 |
| 2017 | $60K | $58K | $509K | $0 | — | View 990 |
| 2016 | $64K | $59K | $491K | $0 | — | View 990 |
| 2015 | $83K | $54K | $493K | $0 | — | View 990 |
| 2014 | $59K | $53K | $470K | $0 | — | View 990 |
| 2013 | $31K | $45K | $447K | $676 | — | View 990 |
| 2012 | $38K | $22K | $433K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $102K, expenses of $76K, and assets of $689K (revenue +1.8% year-over-year).
- 2022: Revenue of $100K, expenses of $96K, and assets of $693K (revenue -49.4% year-over-year).
- 2021: Revenue of $197K, expenses of $77K, and assets of $736K (revenue +230.9% year-over-year).
- 2020: Revenue of $60K, expenses of $52K, and assets of $544K (revenue +25.1% year-over-year).
- 2019: Revenue of $48K, expenses of $51K, and assets of $517K (revenue -31.0% year-over-year).
- 2018: Revenue of $69K, expenses of $71K, and assets of $516K (revenue +15.9% year-over-year).
- 2017: Revenue of $60K, expenses of $58K, and assets of $509K (revenue -6.8% year-over-year).
- 2016: Revenue of $64K, expenses of $59K, and assets of $491K (revenue -23.4% year-over-year).
- 2015: Revenue of $83K, expenses of $54K, and assets of $493K (revenue +41.7% year-over-year).
- 2014: Revenue of $59K, expenses of $53K, and assets of $470K (revenue +87.4% year-over-year).
- 2013: Revenue of $31K, expenses of $45K, and assets of $447K (revenue -18.3% year-over-year).
- 2012: Revenue of $38K, expenses of $22K, and assets of $433K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Monhegan Associates Inc:
Data Sources and Methodology
This transparency report for Monhegan Associates 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.