Penobscot Foundation For Developmental Services
Penobscot Foundation: Strong Asset Growth, Low Program Spending
EIN: 222508025 · Bangor, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $344K |
| Program Spending | 60% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $7.5M |
| Transparency Score | 60/100 |
Is Penobscot Foundation For Developmental Services Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penobscot Foundation For Developmental Services directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Penobscot Foundation For Developmental Services
Penobscot Foundation For Developmental Services (EIN: 222508025) is a nonprofit organization based in Bangor, ME. The organization reported total revenue of $1.4M and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penobscot Foundation For Developmental Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penobscot Foundation For Developmental Services is a mid-size nonprofit that has been operating for 42 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $596K |
| Total Expenses | $344K |
| Surplus / Deficit | +$252K |
| Total Assets | $8.6M |
| Total Liabilities | $1.1M |
| Net Assets | $7.5M |
| Operating Margin | 42.3% |
| Debt-to-Asset Ratio | 12.7% |
| Months of Reserves | 300.4 months |
Financial Health Grade: A
In 2024, Penobscot Foundation For Developmental Services reported a surplus of $252K with revenue exceeding expenses, holds 300.4 months of operating reserves (strong position), has a debt-to-asset ratio of 12.7% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Penobscot Foundation For Developmental Services's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +109.4% | -10.9% | +5.9% |
| 2023 | -39.8% | +33.2% | +3.3% |
| 2022 | -9.4% | -13.6% | -2.6% |
| 2021 | +28.1% | +19.1% | +29.8% |
| 2020 | -27.4% | -8.4% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Penobscot Foundation For Developmental Services with a Mission Score of 60 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: 20%
- programs: 60%
- fundraising: 20%
According to IRS 990 filings, Penobscot Foundation For Developmental Services allocates its expenses as follows: admin: 20%, programs: 60%, fundraising: 20%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $252K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, suggesting either a volunteer-led organization or that compensation is reported under a different category not immediately visible.
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 Penobscot Foundation For Developmental Services's IRS 990 filings:
- Despite significant asset growth from $5.9M in 2017 to $8.8M in 2024, program spending (implied by total expenses minus admin/fundraising) appears to be a relatively small portion of total expenses, with total expenses often exceeding revenue in recent years.
- The consistent reporting of $0 for executive compensation warrants further investigation to understand how leadership is compensated or if it is entirely volunteer-driven, which could impact long-term sustainability.
Strengths
The following positive indicators were identified for Penobscot Foundation For Developmental Services:
- The organization has demonstrated consistent asset growth over the past several years, increasing from $5,975,833 in 2017 to $8,860,726 in 2024.
- The foundation maintains a healthy liquidity position, with current assets significantly exceeding liabilities.
Frequently Asked Questions about Penobscot Foundation For Developmental Services
Is Penobscot Foundation For Developmental Services a legitimate charity?
Based on AI analysis of IRS 990 filings, Penobscot Foundation For Developmental Services (EIN: 222508025) some concerns. Mission Score: 60/100. 2 red flags identified, 2 strengths noted.
How does Penobscot Foundation For Developmental Services spend its money?
Penobscot Foundation For Developmental Services directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Penobscot Foundation For Developmental Services tax-deductible?
Penobscot Foundation For Developmental Services is registered as a tax-exempt nonprofit (EIN: 222508025). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Penobscot Foundation For Developmental Services CEO make?
Penobscot Foundation For Developmental Services's highest-compensated officer earns $0 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Penobscot Foundation For Developmental Services's spending goes to programs?
Penobscot Foundation For Developmental Services directs 60% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Penobscot Foundation For Developmental Services located?
Penobscot Foundation For Developmental Services is headquartered in Bangor, Maine and files with the IRS under EIN 222508025.
How many years of IRS 990 filings does Penobscot Foundation For Developmental Services have?
Penobscot Foundation For Developmental Services 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 $1.4M in total revenue.
What does Penobscot Foundation For Developmental Services do?
Penobscot Foundation For Developmental Services is a nonprofit organization in the Unknown sector, located in Bangor, Maine. It is classified under NTEE code Unknown.
How much revenue does Penobscot Foundation For Developmental Services have?
Penobscot Foundation For Developmental Services reported total revenue of $1,376,978. Based on 14 IRS 990 filings on record.
What are Penobscot Foundation For Developmental Services's total assets?
Penobscot Foundation For Developmental Services holds total assets of $8,860,726 as reported in IRS 990 filings.
Where is Penobscot Foundation For Developmental Services located?
Penobscot Foundation For Developmental Services is based in Bangor, Maine.
What is Penobscot Foundation For Developmental Services's EIN?
Penobscot Foundation For Developmental Services's Employer Identification Number (EIN) is 222508025. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Penobscot Foundation For Developmental Services?
Penobscot Foundation For Developmental Services is classified under NTEE code Unknown (Unknown).
Is Penobscot Foundation For Developmental Services a registered 501(c)(3)?
Penobscot Foundation For Developmental Services appears in IRS records (EIN: 222508025). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Penobscot Foundation For Developmental Services file IRS Form 990?
Yes, Penobscot Foundation For Developmental Services has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Penobscot Foundation For Developmental Services's revenue in 2024?
In the 202406 filing period, Penobscot Foundation For Developmental Services reported total revenue of $595,662, total expenses of $343,908, and net assets of $8,607,925.
Is Penobscot Foundation For Developmental Services's revenue growing or declining?
Penobscot Foundation For Developmental Services's revenue is growing. Revenue went from $284,454 (202306) to $595,662 (202406), a +109.4% change. Based on 14 filings on record.
What is Penobscot Foundation For Developmental Services's most recent 990 filing?
The most recent IRS Form 990 filing for Penobscot Foundation For Developmental Services covers tax period 202406. It shows revenue of $595,662, expenses of $343,908, total assets of $8,607,925, and liabilities of $1,091,602.
How much does Penobscot Foundation For Developmental Services spend on programs vs administration?
Based on IRS 990 analysis, Penobscot Foundation For Developmental Services allocates approximately 60% of expenses to program services, 20% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Penobscot Foundation For Developmental Services a trustworthy charity?
Based on AI analysis of IRS 990 data, Penobscot Foundation For Developmental Services shows mixed signals. Mission Score: 60/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Penobscot Foundation For Developmental Services?
The following concerns were identified: Despite significant asset growth from $5.9M in 2017 to $8.8M in 2024, program spending (implied by total expenses minus admin/fundraising) appears to be a relatively small portion of total expenses, with total expenses often exceeding revenue in recent years.. The consistent reporting of $0 for executive compensation warrants further investigation to understand how leadership is compensated or if it is entirely volunteer-driven, which could impact long-term sustainability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Penobscot Foundation For Developmental Services's strengths?
Positive indicators for Penobscot Foundation For Developmental Services include: The organization has demonstrated consistent asset growth over the past several years, increasing from $5,975,833 in 2017 to $8,860,726 in 2024.. The foundation maintains a healthy liquidity position, with current assets significantly exceeding liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does Penobscot Foundation For Developmental Services compensate executives?
Executive compensation is consistently reported as $0 across all available filings, suggesting either a volunteer-led organization or that compensation is reported under a different category not immediately visible. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial increase in assets from $5.9M to $8.8M over seven years, how does the foundation plan to leverage this growth to increase its programmatic impact, especially considering that total expenses have frequently outpaced revenue in recent years?
While assets have grown, the consistent reporting of total expenses exceeding revenue in several recent years (e.g., 2023: revenue $284,454, expenses $385,937; 2022: revenue $472,207, expenses $289,653; 2021: revenue $521,004, expenses $335,089) suggests that the asset growth may be more from investment returns or other non-operating income rather than direct operational surpluses. A strategy for converting asset growth into increased program funding, particularly when operational expenses sometimes exceed revenue, would be crucial for long-term mission fulfillment.
Filing History
IRS 990 filing history for Penobscot Foundation For Developmental Services showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Penobscot Foundation For Developmental Services's revenue has grown by 53.9%, moving from $387K to $596K. Total assets increased by 63% over the same period, from $5.3M to $8.6M. Total functional expenses fell by 3.2%, from $355K to $344K. In its most recent filing year (2024), Penobscot Foundation For Developmental Services reported a surplus of $252K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $8.6M in assets (debt-to-asset ratio: 12.7%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $596K | $344K | $8.6M | $1.1M | — | — |
| 2023 | $284K | $386K | $8.1M | $1.1M | — | View 990 |
| 2022 | $472K | $290K | $7.9M | $1.2M | — | View 990 |
| 2021 | $521K | $335K | $8.1M | $821K | — | — |
| 2020 | $407K | $281K | $6.2M | $21K | — | View 990 |
| 2019 | $560K | $307K | $6.1M | $71K | — | View 990 |
| 2018 | $433K | $287K | $6.1M | $232K | — | View 990 |
| 2017 | $377K | $285K | $6.0M | $412K | — | View 990 |
| 2016 | $766K | $253K | $5.8M | $587K | — | View 990 |
| 2015 | $440K | $317K | $5.8M | $672K | — | View 990 |
| 2014 | $761K | $280K | $5.8M | $763K | — | View 990 |
| 2013 | $537K | $280K | $5.3M | $927K | — | View 990 |
| 2012 | $412K | $321K | $5.2M | $1.1M | — | View 990 |
| 2011 | $387K | $355K | $5.3M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $596K, expenses of $344K, and assets of $8.6M (revenue +109.4% year-over-year).
- 2023: Revenue of $284K, expenses of $386K, and assets of $8.1M (revenue -39.8% year-over-year).
- 2022: Revenue of $472K, expenses of $290K, and assets of $7.9M (revenue -9.4% year-over-year).
- 2021: Revenue of $521K, expenses of $335K, and assets of $8.1M (revenue +28.1% year-over-year).
- 2020: Revenue of $407K, expenses of $281K, and assets of $6.2M (revenue -27.4% year-over-year).
- 2019: Revenue of $560K, expenses of $307K, and assets of $6.1M (revenue +29.4% year-over-year).
- 2018: Revenue of $433K, expenses of $287K, and assets of $6.1M (revenue +14.7% year-over-year).
- 2017: Revenue of $377K, expenses of $285K, and assets of $6.0M (revenue -50.7% year-over-year).
- 2016: Revenue of $766K, expenses of $253K, and assets of $5.8M (revenue +74.2% year-over-year).
- 2015: Revenue of $440K, expenses of $317K, and assets of $5.8M (revenue -42.2% year-over-year).
- 2014: Revenue of $761K, expenses of $280K, and assets of $5.8M (revenue +41.7% year-over-year).
- 2013: Revenue of $537K, expenses of $280K, and assets of $5.3M (revenue +30.5% year-over-year).
- 2012: Revenue of $412K, expenses of $321K, and assets of $5.2M (revenue +6.4% year-over-year).
- 2011: Revenue of $387K, expenses of $355K, and assets of $5.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penobscot Foundation For Developmental Services:
Data Sources and Methodology
This transparency report for Penobscot Foundation For Developmental Services 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.