North Haven Casino
North Haven Casino maintains strong assets and zero liabilities despite recent operating deficit.
EIN: 10130185 · North Haven, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $283K |
| Total Expenses | $300K |
| Program Spending | 80% |
| Net Assets | $734K |
| Transparency Score | 85/100 |
Is North Haven Casino Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Haven Casino directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Haven Casino
North Haven Casino (EIN: 10130185) is a nonprofit organization based in North Haven, ME. The organization reported total revenue of $283K and total assets of $643K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Haven Casino's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Haven Casino is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $271K |
| Total Expenses | $300K |
| Surplus / Deficit | $-29,117 |
| Total Assets | $734K |
| Net Assets | $734K |
| Operating Margin | -10.7% |
| Months of Reserves | 29.3 months |
Financial Health Grade: B
In 2023, North Haven Casino reported a deficit of $29K with expenses exceeding revenue, holds 29.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), North Haven Casino's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.1% | +10.9% | -3.8% |
| 2022 | +1.4% | +15.0% | +1.2% |
| 2021 | +52.1% | +33.6% | +5.6% |
| 2020 | -30.8% | -26.9% | +0.7% |
| 2019 | +21.5% | +10.2% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 North Haven Casino 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, North Haven Casino 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 deficit of $29K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is a strong positive for donor trust and 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.
Red Flags
The following concerns were identified during AI analysis of North Haven Casino's IRS 990 filings:
- Expenses exceeded revenue in the latest filing (202312), leading to an operating deficit of $29,117.
- NTEE code is unknown, making it difficult to benchmark program efficiency against similar organizations.
Strengths
The following positive indicators were identified for North Haven Casino:
- Consistently reports zero liabilities across all filings, indicating strong financial solvency.
- Zero officer compensation reported across all filings, suggesting efficient use of funds and potentially volunteer leadership.
- Maintains a healthy and consistent asset base, generally above $600,000.
- Long and consistent IRS 990 filing history (13 filings), demonstrating good governance and transparency.
Frequently Asked Questions about North Haven Casino
Is North Haven Casino a legitimate charity?
Based on AI analysis of IRS 990 filings, North Haven Casino (EIN: 10130185) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does North Haven Casino spend its money?
North Haven Casino directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Haven Casino tax-deductible?
North Haven Casino is registered as a tax-exempt nonprofit (EIN: 10130185). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of North Haven Casino's spending goes to programs?
North Haven Casino directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is North Haven Casino located?
North Haven Casino is headquartered in North Haven, Maine and files with the IRS under EIN 10130185.
How many years of IRS 990 filings does North Haven Casino have?
North Haven Casino 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 $283K in total revenue.
Is North Haven Casino a good charity?
Based on the available financial data, North Haven Casino appears to be a financially stable organization with a strong asset base and no reported liabilities. The consistent reporting of zero officer compensation is a significant positive. However, without knowing the specific mission or program details (due to 'Unknown' NTEE code), it's difficult to fully assess its programmatic impact or 'charitable' nature in a broader sense. Financially, it exhibits good stewardship.
Why did expenses exceed revenue in 2023?
In the 202312 period, North Haven Casino reported expenses of $300,410 against revenues of $271,293, resulting in a deficit of $29,117. The filings do not provide detailed explanations for this specific increase in expenses or decrease in net revenue compared to previous years, but it's a notable shift from prior periods where revenue generally covered expenses.
How has the organization's asset base changed over time?
North Haven Casino's assets have generally increased over the past decade, from $702,119 in 201412 to a peak of $763,343 in 202212, before slightly decreasing to $734,226 in 202312. The organization consistently maintains a substantial asset base, indicating financial resilience.
Filing History
IRS 990 filing history for North Haven Casino showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Haven Casino's revenue has grown by 48.1%, moving from $183K to $271K. Total assets increased by 100.8% over the same period, from $366K to $734K. Total functional expenses rose by 79.5%, from $167K to $300K. In its most recent filing year (2023), North Haven Casino reported a deficit of $29K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $271K | $300K | $734K | $0 | — | — |
| 2022 | $280K | $271K | $763K | $0 | — | View 990 |
| 2021 | $276K | $236K | $754K | $0 | — | View 990 |
| 2020 | $181K | $176K | $714K | $0 | — | View 990 |
| 2019 | $262K | $241K | $709K | $0 | — | View 990 |
| 2018 | $216K | $219K | $688K | $0 | — | View 990 |
| 2017 | $203K | $209K | $692K | $0 | — | — |
| 2016 | $222K | $231K | $698K | $0 | — | View 990 |
| 2015 | $218K | $214K | $707K | $0 | — | View 990 |
| 2014 | $239K | $205K | $702K | $0 | — | View 990 |
| 2013 | $492K | $171K | $684K | $1K | — | View 990 |
| 2012 | $181K | $183K | $363K | $869 | — | View 990 |
| 2011 | $183K | $167K | $366K | $904 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $271K, expenses of $300K, and assets of $734K (revenue -3.1% year-over-year).
- 2022: Revenue of $280K, expenses of $271K, and assets of $763K (revenue +1.4% year-over-year).
- 2021: Revenue of $276K, expenses of $236K, and assets of $754K (revenue +52.1% year-over-year).
- 2020: Revenue of $181K, expenses of $176K, and assets of $714K (revenue -30.8% year-over-year).
- 2019: Revenue of $262K, expenses of $241K, and assets of $709K (revenue +21.5% year-over-year).
- 2018: Revenue of $216K, expenses of $219K, and assets of $688K (revenue +6.3% year-over-year).
- 2017: Revenue of $203K, expenses of $209K, and assets of $692K (revenue -8.4% year-over-year).
- 2016: Revenue of $222K, expenses of $231K, and assets of $698K (revenue +1.5% year-over-year).
- 2015: Revenue of $218K, expenses of $214K, and assets of $707K (revenue -8.6% year-over-year).
- 2014: Revenue of $239K, expenses of $205K, and assets of $702K (revenue -51.4% year-over-year).
- 2013: Revenue of $492K, expenses of $171K, and assets of $684K (revenue +171.8% year-over-year).
- 2012: Revenue of $181K, expenses of $183K, and assets of $363K (revenue -1.2% year-over-year).
- 2011: Revenue of $183K, expenses of $167K, and assets of $366K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Haven Casino:
Data Sources and Methodology
This transparency report for North Haven Casino 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.