Northeast Harbor Fleet
Northeast Harbor Fleet shows consistent revenue growth and strong asset accumulation with zero reported officer compensation.
EIN: 10198980 · Ne Harbor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $335K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.3 |
| Net Assets | $1.3M |
| Transparency Score | 92/100 |
Is Northeast Harbor Fleet Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northeast Harbor Fleet directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northeast Harbor Fleet
Northeast Harbor Fleet (EIN: 10198980) is a nonprofit organization based in Ne Harbor, ME. The organization reported total revenue of $2.5M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeast Harbor Fleet's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northeast Harbor Fleet is a mid-size nonprofit that has been operating for 72 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $509K |
| Total Expenses | $335K |
| Surplus / Deficit | +$174K |
| Total Assets | $1.4M |
| Total Liabilities | $14K |
| Net Assets | $1.3M |
| Operating Margin | 34.1% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 48.4 months |
Financial Health Grade: A
In 2023, Northeast Harbor Fleet reported a surplus of $174K with revenue exceeding expenses, holds 48.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Northeast Harbor Fleet's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | -14.7% | +32.0% |
| 2022 | +23.1% | +37.3% | +2.9% |
| 2021 | +14.9% | +0.7% | +24.1% |
| 2020 | +1.5% | -1.4% | +13.9% |
| 2019 | -15.4% | +3.5% | +16.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1954 |
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 Northeast Harbor Fleet with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Northeast Harbor Fleet allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $174K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is likely run by volunteers or that compensation falls below reporting thresholds, which is highly efficient for an organization of its size with assets exceeding $1.3 million.
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 Northeast Harbor Fleet:
- Consistent revenue growth, from $342,318 in 2019 to $509,050 in 2023.
- Significant asset accumulation, growing from $704,601 in 2019 to $1,352,964 in 2023.
- Zero reported officer compensation across all 14 filings, indicating high efficiency and volunteer leadership.
- Expenses consistently well below revenue, leading to positive net income and asset growth.
- Strong financial stability with a healthy asset-to-liability ratio (e.g., $1,352,964 assets vs. $13,559 liabilities in 2023).
Frequently Asked Questions about Northeast Harbor Fleet
Is Northeast Harbor Fleet a legitimate charity?
Based on AI analysis of IRS 990 filings, Northeast Harbor Fleet (EIN: 10198980) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Northeast Harbor Fleet spend its money?
Northeast Harbor Fleet directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northeast Harbor Fleet tax-deductible?
Northeast Harbor Fleet is registered as a tax-exempt nonprofit (EIN: 10198980). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Northeast Harbor Fleet CEO make?
Northeast Harbor Fleet's highest-compensated officer earns $1.3 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Northeast Harbor Fleet's spending goes to programs?
Northeast Harbor Fleet directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Northeast Harbor Fleet located?
Northeast Harbor Fleet is headquartered in Ne Harbor, Maine and files with the IRS under EIN 10198980.
How many years of IRS 990 filings does Northeast Harbor Fleet have?
Northeast Harbor Fleet has 14 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 $2.5M in total revenue.
Is Northeast Harbor Fleet a good charity?
Based on the provided IRS 990 data, Northeast Harbor Fleet appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, significant asset accumulation, and notably, zero reported officer compensation, suggesting a high dedication of resources to its mission.
How has Northeast Harbor Fleet's financial health changed over the past five years?
Over the past five years (2019-2023), Northeast Harbor Fleet's financial health has significantly improved. Revenue increased from $342,318 to $509,050, and assets nearly doubled from $704,601 to $1,352,964, indicating robust growth and sound financial management.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all available filings, indicating a highly efficient model where leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, maximizing funds for programmatic activities.
Filing History
IRS 990 filing history for Northeast Harbor Fleet showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Northeast Harbor Fleet's revenue has grown by 78.7%, moving from $285K to $509K. Total assets increased by 103.3% over the same period, from $666K to $1.4M. Total functional expenses rose by 7.5%, from $312K to $335K. In its most recent filing year (2023), Northeast Harbor Fleet reported a surplus of $174K, with revenue exceeding expenses. The organization holds $14K in liabilities against $1.4M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $509K | $335K | $1.4M | $14K | — | — |
| 2022 | $492K | $393K | $1.0M | $24K | — | View 990 |
| 2021 | $399K | $286K | $996K | $7K | — | View 990 |
| 2020 | $347K | $284K | $803K | $15K | — | — |
| 2019 | $342K | $288K | $705K | $17K | — | View 990 |
| 2018 | $404K | $279K | $605K | $9K | — | View 990 |
| 2017 | $11K | $77K | $534K | $71K | — | View 990 |
| 2017 | $406K | $441K | $727K | $176K | — | View 990 |
| 2016 | $374K | $420K | $604K | $56K | — | View 990 |
| 2015 | $303K | $323K | $686K | $109K | — | View 990 |
| 2014 | $286K | $290K | $603K | $13K | — | View 990 |
| 2013 | $276K | $306K | $615K | $13K | — | View 990 |
| 2012 | $276K | $296K | $628K | $10K | — | View 990 |
| 2011 | $285K | $312K | $666K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $509K, expenses of $335K, and assets of $1.4M (revenue +3.5% year-over-year).
- 2022: Revenue of $492K, expenses of $393K, and assets of $1.0M (revenue +23.1% year-over-year).
- 2021: Revenue of $399K, expenses of $286K, and assets of $996K (revenue +14.9% year-over-year).
- 2020: Revenue of $347K, expenses of $284K, and assets of $803K (revenue +1.5% year-over-year).
- 2019: Revenue of $342K, expenses of $288K, and assets of $705K (revenue -15.4% year-over-year).
- 2018: Revenue of $404K, expenses of $279K, and assets of $605K (revenue +3563.0% year-over-year).
- 2017: Revenue of $11K, expenses of $77K, and assets of $534K (revenue -97.3% year-over-year).
- 2017: Revenue of $406K, expenses of $441K, and assets of $727K (revenue +8.5% year-over-year).
- 2016: Revenue of $374K, expenses of $420K, and assets of $604K (revenue +23.6% year-over-year).
- 2015: Revenue of $303K, expenses of $323K, and assets of $686K (revenue +6.0% year-over-year).
- 2014: Revenue of $286K, expenses of $290K, and assets of $603K (revenue +3.5% year-over-year).
- 2013: Revenue of $276K, expenses of $306K, and assets of $615K (revenue +0.0% year-over-year).
- 2012: Revenue of $276K, expenses of $296K, and assets of $628K (revenue -3.2% year-over-year).
- 2011: Revenue of $285K, expenses of $312K, and assets of $666K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northeast Harbor Fleet:
Data Sources and Methodology
This transparency report for Northeast Harbor Fleet 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.