Museum Of Art Of Ogunquit
Museum Of Art Of Ogunquit shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 16010628 · Ogunquit, ME · NTEE: A510 · Updated: 2026-03-28
Is Museum Of Art Of Ogunquit Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Museum Of Art Of Ogunquit directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Museum Of Art Of Ogunquit
Museum Of Art Of Ogunquit (EIN: 16010628) is a nonprofit organization based in Ogunquit, ME, classified under NTEE code A510. The organization reported total revenue of $1.8M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Museum Of Art Of Ogunquit's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Museum Of Art Of Ogunquit 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, Museum Of Art Of Ogunquit 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
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer-led executive team or that executive compensation is categorized differently within their expenses, which would require further detail to fully assess.
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 Museum Of Art Of Ogunquit's IRS 990 filings:
- Lack of detailed executive compensation reporting (0% reported officer comp could mask actual compensation under other categories)
Strengths
The following positive indicators were identified for Museum Of Art Of Ogunquit:
- Consistent revenue growth (e.g., $747,578 in 2020 to $1,458,704 in 2023)
- Strong asset accumulation ($2,745,850 in 2020 to $4,386,528 in 2023)
- Healthy asset-to-liability ratio (e.g., $4,386,528 assets vs. $702,356 liabilities in 2023)
- Expenses generally below revenue, allowing for financial growth (e.g., 2023: $1,269,108 expenses vs. $1,458,704 revenue)
- Consistent IRS 990 filing history (13 filings)
Frequently Asked Questions about Museum Of Art Of Ogunquit
Is Museum Of Art Of Ogunquit a legitimate charity?
Based on AI analysis of IRS 990 filings, Museum Of Art Of Ogunquit (EIN: 16010628) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Museum Of Art Of Ogunquit spend its money?
Museum Of Art Of Ogunquit directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Museum Of Art Of Ogunquit tax-deductible?
Museum Of Art Of Ogunquit is registered as a tax-exempt nonprofit (EIN: 16010628). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Museum Of Art Of Ogunquit a good charity?
Based on the provided financial data, the Museum Of Art Of Ogunquit appears to be a well-managed and financially stable organization. It demonstrates consistent revenue growth, healthy asset accumulation, and a lean approach to executive compensation (0% reported officer compensation). These factors suggest it is effectively utilizing its resources to support its mission.
How has the organization's financial health changed over time?
The organization has shown significant financial growth and improved health. Revenue has nearly doubled from $747,578 in 2020 to $1,458,704 in 2023, and assets have steadily increased from $2,745,850 in 2020 to $4,386,528 in 2023, indicating strong financial management and increasing capacity.
What is the organization's approach to executive compensation?
The Museum Of Art Of Ogunquit reports 0% officer compensation in all available IRS 990 filings. This suggests that executive leadership may be entirely volunteer-based or that any compensation is reported under other expense categories, which would require further clarification for complete understanding.
Filing History
IRS 990 filing history for Museum Of Art Of Ogunquit showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Museum Of Art Of Ogunquit's revenue has grown by 323.9%, moving from $344K to $1.5M. Total assets increased by 150.8% over the same period, from $1.7M to $4.4M. Total functional expenses rose by 169.3%, from $471K to $1.3M. In its most recent filing year (2023), Museum Of Art Of Ogunquit reported a surplus of $190K, with revenue exceeding expenses. The organization holds $702K in liabilities against $4.4M in assets (debt-to-asset ratio: 16.0%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.3M | $4.4M | $702K | — | — |
| 2022 | $1.4M | $1.0M | $3.8M | $546K | — | View 990 |
| 2021 | $1.2M | $861K | $3.3M | $183K | — | View 990 |
| 2020 | $748K | $909K | $2.7M | $176K | — | View 990 |
| 2019 | $1.7M | $939K | $2.8M | $147K | — | View 990 |
| 2018 | $965K | $991K | $2.2M | $56K | — | View 990 |
| 2017 | $652K | $737K | $2.3M | $41K | — | View 990 |
| 2016 | $812K | $810K | $2.2M | $31K | — | View 990 |
| 2015 | $741K | $819K | $2.1M | $13K | — | View 990 |
| 2014 | $677K | $623K | $2.2M | $21K | — | View 990 |
| 2013 | $606K | $628K | $2.1M | $24K | — | View 990 |
| 2012 | $660K | $480K | $2.0M | $15K | — | View 990 |
| 2011 | $344K | $471K | $1.7M | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.3M, and assets of $4.4M (revenue +1.6% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.0M, and assets of $3.8M (revenue +15.8% year-over-year).
- 2021: Revenue of $1.2M, expenses of $861K, and assets of $3.3M (revenue +65.9% year-over-year).
- 2020: Revenue of $748K, expenses of $909K, and assets of $2.7M (revenue -55.9% year-over-year).
- 2019: Revenue of $1.7M, expenses of $939K, and assets of $2.8M (revenue +75.7% year-over-year).
- 2018: Revenue of $965K, expenses of $991K, and assets of $2.2M (revenue +48.0% year-over-year).
- 2017: Revenue of $652K, expenses of $737K, and assets of $2.3M (revenue -19.6% year-over-year).
- 2016: Revenue of $812K, expenses of $810K, and assets of $2.2M (revenue +9.6% year-over-year).
- 2015: Revenue of $741K, expenses of $819K, and assets of $2.1M (revenue +9.5% year-over-year).
- 2014: Revenue of $677K, expenses of $623K, and assets of $2.2M (revenue +11.6% year-over-year).
- 2013: Revenue of $606K, expenses of $628K, and assets of $2.1M (revenue -8.2% year-over-year).
- 2012: Revenue of $660K, expenses of $480K, and assets of $2.0M (revenue +91.8% year-over-year).
- 2011: Revenue of $344K, expenses of $471K, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Museum Of Art Of Ogunquit 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.