Nami Maine Incorporated
Nami Maine Incorporated shows strong revenue growth and zero reported officer compensation over a decade.
EIN: 10406214 · Hallowell, ME · NTEE: F30 · Updated: 2026-03-28
Is Nami Maine Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nami Maine Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nami Maine Incorporated
Nami Maine Incorporated (EIN: 10406214) is a nonprofit organization based in Hallowell, ME, classified under NTEE code F30. The organization reported total revenue of $3.7M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nami Maine Incorporated'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 Nami Maine Incorporated 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Nami Maine Incorporated 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with revenues consistently in the millions.
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 Nami Maine Incorporated's IRS 990 filings:
- Unusually low or zero reported officer compensation, which might indicate compensation is reported differently or through related entities not immediately visible in summary data.
Strengths
The following positive indicators were identified for Nami Maine Incorporated:
- Consistent reporting of 0% officer compensation, indicating high dedication of funds to mission.
- Significant revenue growth in the latest period, from $2,443,134 in 202206 to $3,668,119 currently.
- Healthy growth in assets, reaching $2,884,637.
- Stable financial operations with expenses generally managed close to revenue over the past decade.
Frequently Asked Questions about Nami Maine Incorporated
Is Nami Maine Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Nami Maine Incorporated (EIN: 10406214) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Nami Maine Incorporated spend its money?
Nami Maine Incorporated directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nami Maine Incorporated tax-deductible?
Nami Maine Incorporated is registered as a tax-exempt nonprofit (EIN: 10406214). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Nami Maine Incorporated a good charity?
Based on the available financial data, Nami Maine Incorporated appears to be a good charity. It demonstrates strong financial health with growing assets and revenue, and notably reports 0% officer compensation across all filings, suggesting a high dedication of funds to its mission.
How has Nami Maine Incorporated's revenue trended?
Nami Maine Incorporated's revenue has shown a positive trend, with the latest reported revenue of $3,668,119 significantly higher than its historical average of approximately $2.3 million, indicating growth in its financial capacity.
What is Nami Maine Incorporated's asset growth like?
The organization's assets have grown substantially, from $1,096,885 in 201406 to $2,884,637 currently, demonstrating a healthy accumulation of resources over time.
Filing History
IRS 990 filing history for Nami Maine Incorporated showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Nami Maine Incorporated's revenue has grown by 312.2%, moving from $848K to $3.5M. Total assets increased by 120.4% over the same period, from $1.2M to $2.7M. Total functional expenses rose by 223.2%, from $787K to $2.5M. In its most recent filing year (2023), Nami Maine Incorporated reported a surplus of $952K, with revenue exceeding expenses. The organization holds $539K in liabilities against $2.7M in assets (debt-to-asset ratio: 20.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $2.5M | $2.7M | $539K | — | — |
| 2022 | $2.4M | $2.4M | $1.4M | $161K | — | View 990 |
| 2021 | $2.6M | $2.5M | $1.6M | $445K | — | View 990 |
| 2020 | $2.2M | $2.3M | $1.4M | $333K | — | View 990 |
| 2019 | $2.6M | $2.6M | $1.3M | $216K | — | View 990 |
| 2018 | $2.6M | $2.6M | $1.3M | $154K | — | View 990 |
| 2016 | $2.2M | $2.4M | $1.3M | $165K | — | View 990 |
| 2015 | $2.5M | $2.1M | $1.4M | $111K | — | View 990 |
| 2014 | $1.7M | $1.8M | $1.1M | $140K | — | View 990 |
| 2013 | $1.1M | $1.3M | $1.2M | $196K | — | View 990 |
| 2012 | $1.1M | $981K | $1.3M | $113K | — | View 990 |
| 2011 | $848K | $787K | $1.2M | $184K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $2.5M, and assets of $2.7M (revenue +43.1% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.4M, and assets of $1.4M (revenue -6.7% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.5M, and assets of $1.6M (revenue +16.7% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.3M, and assets of $1.4M (revenue -12.4% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.6M, and assets of $1.3M (revenue -1.3% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.6M, and assets of $1.3M (revenue +16.5% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.4M, and assets of $1.3M (revenue -9.5% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.1M, and assets of $1.4M (revenue +41.6% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.8M, and assets of $1.1M (revenue +56.5% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.3M, and assets of $1.2M (revenue -0.8% year-over-year).
- 2012: Revenue of $1.1M, expenses of $981K, and assets of $1.3M (revenue +31.9% year-over-year).
- 2011: Revenue of $848K, expenses of $787K, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Nami Maine Incorporated 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.