Old Fort Western Fund
Old Fort Western Fund: Modest Revenue, Consistent Operations
EIN: 222546922 · Augusta, ME · NTEE: A115 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $215K |
| Total Expenses | $117K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $359K |
| Transparency Score | 65/100 |
Is Old Fort Western Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Old Fort Western Fund directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Old Fort Western Fund
Old Fort Western Fund (EIN: 222546922) is a nonprofit organization based in Augusta, ME, classified under NTEE code A115. The organization reported total revenue of $215K and total assets of $376K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Fort Western Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Old Fort Western Fund is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $91K |
| Total Expenses | $117K |
| Surplus / Deficit | $-26,047 |
| Total Assets | $404K |
| Total Liabilities | $45K |
| Net Assets | $359K |
| Operating Margin | -28.7% |
| Debt-to-Asset Ratio | 11.2% |
| Months of Reserves | 41.5 months |
Financial Health Grade: B
In 2023, Old Fort Western Fund reported a deficit of $26K with expenses exceeding revenue, holds 41.5 months of operating reserves (strong position), has a debt-to-asset ratio of 11.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Old Fort Western Fund's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.3% | +8.8% | +3.0% |
| 2022 | +84.4% | +63.0% | -15.0% |
| 2021 | -72.2% | -20.9% | +17.6% |
| 2020 | +142.3% | -7.1% | +48.6% |
| 2019 | +3.4% | -14.4% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Old Fort Western Fund with a Mission Score of 65 out of 100 (Good). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Old Fort Western Fund allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.2%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or very lean administrative structure.
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 Old Fort Western Fund's IRS 990 filings:
- Revenue has fluctuated significantly, from a high of $199,202 in 2020 to a low of $55,455 in 2021, indicating potential instability in funding sources.
Strengths
The following positive indicators were identified for Old Fort Western Fund:
- The organization consistently reports 0% compensation for officers, directors, trustees, and key employees, demonstrating a strong commitment to minimizing administrative costs.
- Total assets have shown a general upward trend from $263,934 in 2019 to $375,616 in 2023, indicating financial growth and stability.
Frequently Asked Questions about Old Fort Western Fund
Is Old Fort Western Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Old Fort Western Fund (EIN: 222546922) some concerns. Mission Score: 65/100. 1 red flag identified, 2 strengths noted.
How does Old Fort Western Fund spend its money?
Old Fort Western Fund directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Old Fort Western Fund tax-deductible?
Old Fort Western Fund is registered as a tax-exempt nonprofit (EIN: 222546922). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Old Fort Western Fund CEO make?
Old Fort Western Fund's highest-compensated officer earns $0 annually. The organization reported $215K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Old Fort Western Fund's spending goes to programs?
Old Fort Western Fund directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Old Fort Western Fund compare to similar nonprofits?
With a transparency score of 65/100 (Good), Old Fort Western Fund is above average for NTEE category A115 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Old Fort Western Fund located?
Old Fort Western Fund is headquartered in Augusta, Maine and files with the IRS under EIN 222546922. It is classified under NTEE code A115.
How many years of IRS 990 filings does Old Fort Western Fund have?
Old Fort Western Fund 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 $215K in total revenue.
What does Old Fort Western Fund do?
Old Fort Western Fund is a nonprofit organization in the Arts, Culture & Humanities sector, located in Augusta, Maine. It is classified under NTEE code A115.
How much revenue does Old Fort Western Fund have?
Old Fort Western Fund reported total revenue of $215,416. Based on 13 IRS 990 filings on record.
What are Old Fort Western Fund's total assets?
Old Fort Western Fund holds total assets of $375,616 as reported in IRS 990 filings.
Where is Old Fort Western Fund located?
Old Fort Western Fund is based in Augusta, Maine.
What is Old Fort Western Fund's EIN?
Old Fort Western Fund's Employer Identification Number (EIN) is 222546922. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Old Fort Western Fund?
Old Fort Western Fund is classified under NTEE code A115 (Arts, Culture & Humanities).
Is Old Fort Western Fund a registered 501(c)(3)?
Yes, Old Fort Western Fund is recognized as a tax-exempt organization by the IRS. EIN: 222546922.
Does Old Fort Western Fund file IRS Form 990?
Yes, Old Fort Western Fund has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Old Fort Western Fund's revenue in 2023?
In the 202306 filing period, Old Fort Western Fund reported total revenue of $90,706, total expenses of $116,753, and net assets of $403,810.
Is Old Fort Western Fund's revenue growing or declining?
Old Fort Western Fund's revenue is declining. Revenue went from $102,282 (202206) to $90,706 (202306), a -11.3% change. Based on 13 filings on record.
What is Old Fort Western Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Old Fort Western Fund covers tax period 202306. It shows revenue of $90,706, expenses of $116,753, total assets of $403,810, and liabilities of $45,274.
How much does Old Fort Western Fund spend on programs vs administration?
Based on IRS 990 analysis, Old Fort Western Fund allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Old Fort Western Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Old Fort Western Fund shows mixed signals. Mission Score: 65/100 (Good). 1 red flag identified. 2 strengths noted.
What are the red flags for Old Fort Western Fund?
The following concerns were identified: Revenue has fluctuated significantly, from a high of $199,202 in 2020 to a low of $55,455 in 2021, indicating potential instability in funding sources.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Old Fort Western Fund's strengths?
Positive indicators for Old Fort Western Fund include: The organization consistently reports 0% compensation for officers, directors, trustees, and key employees, demonstrating a strong commitment to minimizing administrative costs.. Total assets have shown a general upward trend from $263,934 in 2019 to $375,616 in 2023, indicating financial growth and stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Old Fort Western Fund compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or very lean administrative structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does the organization manage its operational leadership and administrative functions?
The consistent $0 executive compensation suggests that leadership roles may be filled by volunteers, or that any paid administrative staff fall below the threshold for reporting as key employees, indicating a highly cost-efficient operational model.
Filing History
IRS 990 filing history for Old Fort Western Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Old Fort Western Fund's revenue has declined by 9.5%, moving from $100K to $91K. Total assets increased by 12.6% over the same period, from $359K to $404K. Total functional expenses rose by 71.9%, from $68K to $117K. In its most recent filing year (2023), Old Fort Western Fund reported a deficit of $26K, with expenses exceeding revenue. The organization holds $45K in liabilities against $404K in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $359K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $91K | $117K | $404K | $45K | — | View 990 |
| 2022 | $102K | $107K | $392K | $36K | — | View 990 |
| 2021 | $55K | $66K | $461K | $10K | — | — |
| 2020 | $199K | $83K | $392K | $13K | — | View 990 |
| 2019 | $82K | $90K | $264K | $14K | — | View 990 |
| 2018 | $80K | $105K | $268K | $16K | — | View 990 |
| 2017 | $61K | $90K | $274K | $15K | — | View 990 |
| 2016 | $72K | $111K | $269K | $13K | — | View 990 |
| 2015 | $89K | $110K | $313K | $16K | — | View 990 |
| 2014 | $57K | $96K | $317K | $15K | — | View 990 |
| 2013 | $75K | $96K | $326K | $25K | — | View 990 |
| 2012 | $71K | $98K | $318K | $16K | — | View 990 |
| 2011 | $100K | $68K | $359K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $91K, expenses of $117K, and assets of $404K (revenue -11.3% year-over-year).
- 2022: Revenue of $102K, expenses of $107K, and assets of $392K (revenue +84.4% year-over-year).
- 2021: Revenue of $55K, expenses of $66K, and assets of $461K (revenue -72.2% year-over-year).
- 2020: Revenue of $199K, expenses of $83K, and assets of $392K (revenue +142.3% year-over-year).
- 2019: Revenue of $82K, expenses of $90K, and assets of $264K (revenue +3.4% year-over-year).
- 2018: Revenue of $80K, expenses of $105K, and assets of $268K (revenue +29.9% year-over-year).
- 2017: Revenue of $61K, expenses of $90K, and assets of $274K (revenue -15.3% year-over-year).
- 2016: Revenue of $72K, expenses of $111K, and assets of $269K (revenue -18.9% year-over-year).
- 2015: Revenue of $89K, expenses of $110K, and assets of $313K (revenue +56.6% year-over-year).
- 2014: Revenue of $57K, expenses of $96K, and assets of $317K (revenue -23.8% year-over-year).
- 2013: Revenue of $75K, expenses of $96K, and assets of $326K (revenue +5.2% year-over-year).
- 2012: Revenue of $71K, expenses of $98K, and assets of $318K (revenue -29.1% year-over-year).
- 2011: Revenue of $100K, expenses of $68K, and assets of $359K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Old Fort Western Fund:
Data Sources and Methodology
This transparency report for Old Fort Western Fund 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.