Penobscot River Restoration Tr
Penobscot River Restoration Tr maintains strong asset base with zero liabilities and no officer compensation.
EIN: 201437259 · Augusta, ME · NTEE: C32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $107K |
| Total Expenses | $24K |
| Program Spending | 90% |
| Net Assets | $930K |
| Transparency Score | 95/100 |
Is Penobscot River Restoration Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penobscot River Restoration Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penobscot River Restoration Tr
Penobscot River Restoration Tr (EIN: 201437259) is a nonprofit organization based in Augusta, ME, classified under NTEE code C32. The organization reported total revenue of $107K and total assets of $930K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penobscot River Restoration Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penobscot River Restoration Tr is a small nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -33.7%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $46K |
| Total Expenses | $24K |
| Surplus / Deficit | +$22K |
| Total Assets | $930K |
| Net Assets | $930K |
| Operating Margin | 48.2% |
| Months of Reserves | 472.2 months |
Financial Health Grade: A
In 2021, Penobscot River Restoration Tr reported a surplus of $22K with revenue exceeding expenses, holds 472.2 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2021), Penobscot River Restoration Tr's revenue has declined at a compound annual growth rate (CAGR) of -33.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +262.3% | +16.1% | +11.4% |
| 2020 | -79.0% | -80.5% | +10.8% |
| 2019 | +118.0% | -42.7% | +10.7% |
| 2018 | -82.8% | -43.0% | -17.2% |
| 2017 | -84.6% | -73.3% | -16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 River Restoration Tr with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Penobscot River Restoration Tr allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all 11 available filings, indicating that no executives or officers receive salaries from the organization, which is highly commendable for a nonprofit of its size.
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 Penobscot River Restoration Tr:
- Zero officer compensation reported across all filings, indicating high dedication to mission.
- Strong asset base ($929,897) with zero liabilities in the latest filing (202112), demonstrating excellent financial health.
- Consistent program focus, with resources directed towards the mission rather than administrative overhead or fundraising.
- High transparency due to clear financial reporting and lack of executive compensation.
Frequently Asked Questions about Penobscot River Restoration Tr
Is Penobscot River Restoration Tr a legitimate charity?
Penobscot River Restoration Tr (EIN: 201437259) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 11 years of IRS 990 filings on record. Total revenue: $107K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Penobscot River Restoration Tr spend its money?
Penobscot River Restoration Tr directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Penobscot River Restoration Tr tax-deductible?
Penobscot River Restoration Tr is registered as a tax-exempt nonprofit (EIN: 201437259). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Penobscot River Restoration Tr compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Penobscot River Restoration Tr is above average for NTEE category C32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Penobscot River Restoration Tr located?
Penobscot River Restoration Tr is headquartered in Augusta, Maine and files with the IRS under EIN 201437259. It is classified under NTEE code C32.
How many years of IRS 990 filings does Penobscot River Restoration Tr have?
Penobscot River Restoration Tr has 11 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 $107K in total revenue.
Is Penobscot River Restoration Tr a good charity?
Based on the provided data, Penobscot River Restoration Tr appears to be a very good charity. It consistently reports 0% officer compensation, maintains a healthy asset-to-liability ratio (currently $929,897 in assets and $0 liabilities), and directs its resources effectively towards its mission.
How has the organization's financial activity changed over time?
The organization experienced very high revenue and expense levels between 2012 and 2016, peaking at $12.9M revenue in 2012. Since 2017, its financial activity has significantly scaled down, with revenues and expenses typically under $100,000 annually, suggesting a shift from large-scale project implementation to ongoing maintenance or smaller initiatives.
What is the organization's current financial stability?
The organization's current financial stability is excellent, with $929,897 in assets and $0 in liabilities as of the 202112 filing. This indicates a very strong balance sheet and no outstanding debt.
Filing History
IRS 990 filing history for Penobscot River Restoration Tr showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Penobscot River Restoration Tr's revenue has declined by 98.3%, moving from $2.8M to $46K. Total assets decreased by 88.2% over the same period, from $7.9M to $930K. Total functional expenses fell by 99.5%, from $4.8M to $24K. In its most recent filing year (2021), Penobscot River Restoration Tr reported a surplus of $22K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $46K | $24K | $930K | $0 | — | — |
| 2020 | $13K | $20K | $835K | $0 | — | — |
| 2019 | $60K | $104K | $754K | $0 | — | View 990 |
| 2018 | $27K | $182K | $681K | $0 | — | View 990 |
| 2017 | $159K | $319K | $822K | $0 | — | — |
| 2016 | $1.0M | $1.2M | $982K | $24K | — | View 990 |
| 2015 | $3.5M | $6.8M | $2.2M | $1.1M | — | View 990 |
| 2014 | $3.5M | $3.4M | $5.7M | $1.4M | — | View 990 |
| 2013 | $8.8M | $8.1M | $5.8M | $1.5M | — | View 990 |
| 2012 | $13.0M | $11.8M | $4.7M | $1.1M | — | View 990 |
| 2011 | $2.8M | $4.8M | $7.9M | $5.5M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $46K, expenses of $24K, and assets of $930K (revenue +262.3% year-over-year).
- 2020: Revenue of $13K, expenses of $20K, and assets of $835K (revenue -79.0% year-over-year).
- 2019: Revenue of $60K, expenses of $104K, and assets of $754K (revenue +118.0% year-over-year).
- 2018: Revenue of $27K, expenses of $182K, and assets of $681K (revenue -82.8% year-over-year).
- 2017: Revenue of $159K, expenses of $319K, and assets of $822K (revenue -84.6% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.2M, and assets of $982K (revenue -70.9% year-over-year).
- 2015: Revenue of $3.5M, expenses of $6.8M, and assets of $2.2M (revenue +0.7% year-over-year).
- 2014: Revenue of $3.5M, expenses of $3.4M, and assets of $5.7M (revenue -60.1% year-over-year).
- 2013: Revenue of $8.8M, expenses of $8.1M, and assets of $5.8M (revenue -32.0% year-over-year).
- 2012: Revenue of $13.0M, expenses of $11.8M, and assets of $4.7M (revenue +369.7% year-over-year).
- 2011: Revenue of $2.8M, expenses of $4.8M, and assets of $7.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penobscot River Restoration Tr:
Data Sources and Methodology
This transparency report for Penobscot River Restoration Tr 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.