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

$1.8MRevenue
$1.6MGross Revenue
$4.6MAssets
85/100Mission Score (Excellent)
A510

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Museum Of Art Of Ogunquit Financial Summary
MetricValue
Total Revenue$1.8M
Total Expenses$1.3M
Program Spending80%
Net Assets$3.7M
Transparency Score85/100

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Museum Of Art Of Ogunquit Form 990, Revenue, CEO Pay, and IRS Filing Signals

Museum Of Art Of Ogunquit is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Museum Of Art Of Ogunquit in one place.

Form 990 Filing Summary

13 filing years are available, with latest revenue of $1.5M and expenses of $1.3M.

Revenue and Expenses

Museum Of Art Of Ogunquit reported $1.5M in revenue and $1.3M in expenses, a surplus of $190K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

85/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.

Is Museum Of Art Of Ogunquit Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
1 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
80%Program Expense
$0Grants Paid
13Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Museum Of Art Of Ogunquit Expense Deployment
Program services$1.0M (80%)

Across stored filings, Museum Of Art Of Ogunquit shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Museum Of Art Of Ogunquit Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 1 red flag identified
Mission spend80% to programsExcellent
Financial durabilityGrade A13 stored filing years
Peer contextCompare with Maine Composite Materials Applied Technology Development CenterMaine and Arts & Culture context

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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.

Organization Overview

68Years Operating
Mid-SizeSize Classification
13Years of Filings
MixedRevenue Trajectory

Museum Of Art Of Ogunquit is a mid-size nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$1.5M
Total Expenses$1.3M
Surplus / Deficit+$190K
Total Assets$4.4M
Total Liabilities$702K
Net Assets$3.7M
Operating Margin13.0%
Debt-to-Asset Ratio16.0%
Months of Reserves41.5 months

Financial Health Grade: A

In 2023, Museum Of Art Of Ogunquit reported a surplus of $190K with revenue exceeding expenses, holds 41.5 months of operating reserves (strong position), has a debt-to-asset ratio of 16.0% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Museum Of Art Of Ogunquit's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.

YearRevenue ChangeExpense ChangeAsset Change
2023+1.6%+23.4%+16.1%
2022+15.8%+19.4%+13.6%
2021+65.9%-5.2%+21.1%
2020-55.9%-3.2%-3.2%
2019+75.7%-5.2%+31.1%

IRS Tax-Exempt Classification

IRS Classification Codes2000
IRS Ruling Date1958

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

The Museum Of Art Of Ogunquit demonstrates a generally healthy financial trajectory, marked by consistent revenue growth and increasing assets over the past several years. For instance, revenue grew from $747,578 in 2020 to $1,458,704 in 2023, nearly doubling. The organization also maintains a strong asset base, reaching $4,386,528 in 2023, significantly exceeding its liabilities of $702,356. This indicates good financial stability and capacity to fulfill its mission. Spending efficiency appears reasonable, with expenses generally staying below revenue, allowing for asset accumulation. For example, in 2023, expenses were $1,269,108 against revenues of $1,458,704. A notable aspect of their financial management is the reported 0% officer compensation across all available filings, which suggests a high degree of volunteer leadership or that compensation is reported under other categories, warranting further investigation for complete transparency. However, based on the provided data, this indicates a lean approach to executive costs. Regarding transparency, the consistent filing of IRS Form 990s over 13 periods is a positive indicator. The absence of reported officer compensation directly on the 990s, while potentially efficient, could also be a point for deeper inquiry to understand the full picture of leadership remuneration. Overall, the museum appears to be a financially sound organization with a clear growth trend and responsible asset management.

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$1.5MTotal Revenue
$1.3MTotal Expenses
$4.4MTotal Assets
$702KTotal Liabilities
$3.7MNet Assets
  • The organization reported a surplus of $190K, with revenue exceeding expenses.
  • Debt-to-asset ratio: 16.0%.

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?

Museum Of Art Of Ogunquit (EIN: 16010628) 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: $1.8M. 1 red flag identified. 5 strengths noted. Financial health grade: A.

How does Museum Of Art Of Ogunquit spend its money?

Museum Of Art Of Ogunquit directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.

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.

What percentage of Museum Of Art Of Ogunquit's spending goes to programs?

Museum Of Art Of Ogunquit directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does Museum Of Art Of Ogunquit compare to similar nonprofits?

With a transparency score of 85/100 (Excellent), Museum Of Art Of Ogunquit is above average for NTEE category A510 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Museum Of Art Of Ogunquit located?

Museum Of Art Of Ogunquit is headquartered in Ogunquit, Maine and files with the IRS under EIN 16010628. It is classified under NTEE code A510.

How many years of IRS 990 filings does Museum Of Art Of Ogunquit have?

Museum Of Art Of Ogunquit 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 $1.8M in total revenue.

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.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Museum Of Art Of Ogunquit:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

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.

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