Peregrine Corp
Peregrine Corp shows stable asset growth but recent deficit spending and no reported officer compensation.
EIN: 10473116 · S Portland, ME · NTEE: P820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.1M |
| Total Expenses | $7.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $7.0M |
| Transparency Score | 75/100 |
Is Peregrine Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peregrine Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peregrine Corp
Peregrine Corp (EIN: 10473116) is a nonprofit organization based in S Portland, ME, classified under NTEE code P820. The organization reported total revenue of $9.1M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peregrine Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peregrine Corp is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.8M |
| Total Expenses | $7.7M |
| Surplus / Deficit | $-905,216 |
| Total Assets | $8.5M |
| Total Liabilities | $1.5M |
| Net Assets | $7.0M |
| Operating Margin | -13.3% |
| Debt-to-Asset Ratio | 17.5% |
| Months of Reserves | 13.2 months |
Financial Health Grade: B
In 2023, Peregrine Corp reported a deficit of $905K with expenses exceeding revenue, holds 13.2 months of operating reserves (strong position), has a debt-to-asset ratio of 17.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Peregrine Corp's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.7% | +2.9% | -8.6% |
| 2022 | +0.9% | +19.4% | -4.0% |
| 2021 | +8.3% | -0.7% | +5.1% |
| 2020 | -3.1% | +0.3% | +9.2% |
| 2019 | +2.8% | -1.6% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Peregrine Corp with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Peregrine Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $905K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.5%.
Executive Compensation Analysis
Peregrine Corp consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $6 million. This suggests either a fully volunteer executive team or that executive compensation is categorized differently, warranting further inquiry for complete financial transparency.
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 Peregrine Corp's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and may obscure true leadership costs.
- Expenses exceeded revenue in the most recent filing (202306), indicating a potential operational deficit for that period.
Strengths
The following positive indicators were identified for Peregrine Corp:
- Strong asset growth over the past decade, from $4.8M in 201406 to $9.17M currently.
- Consistent history of IRS 990 filings (13 filings), indicating good transparency practices.
- Generally stable revenue generation over the long term, with revenues often exceeding expenses in prior years.
Frequently Asked Questions about Peregrine Corp
Is Peregrine Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Peregrine Corp (EIN: 10473116) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Peregrine Corp spend its money?
Peregrine Corp directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peregrine Corp tax-deductible?
Peregrine Corp is registered as a tax-exempt nonprofit (EIN: 10473116). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Peregrine Corp CEO make?
Peregrine Corp's highest-compensated officer earns $6 annually. The organization reported $9.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Peregrine Corp's spending goes to programs?
Peregrine Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Peregrine Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Peregrine Corp is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Peregrine Corp located?
Peregrine Corp is headquartered in S Portland, Maine and files with the IRS under EIN 10473116. It is classified under NTEE code P820.
How many years of IRS 990 filings does Peregrine Corp have?
Peregrine Corp 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 $9.1M in total revenue.
Is Peregrine Corp a good charity?
Peregrine Corp appears to be a reasonably good charity, demonstrating consistent revenue generation and asset growth over the past decade. Its long history of IRS 990 filings indicates transparency. However, the recent deficit in 202306 and the consistent reporting of 0% officer compensation are areas that would benefit from further clarification to fully assess its operational efficiency and leadership structure.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation is highly unusual for an organization of Peregrine Corp's size and revenue. This could mean that executive leadership is entirely volunteer-based, or that compensation for key personnel is reported under other expense categories, such as salaries and wages for program or administrative staff, rather than specifically as officer compensation. Further investigation into their detailed expense breakdowns would be necessary to understand this.
What caused the deficit in the 202306 fiscal period?
In the 202306 fiscal period, Peregrine Corp reported expenses of $7,714,618 against revenues of $6,809,402, resulting in a deficit. Without access to the detailed expense breakdown for that specific year, it's difficult to pinpoint the exact cause. It could be due to increased program activities, higher administrative costs, or a temporary dip in funding. This is a recent trend that warrants monitoring.
Filing History
IRS 990 filing history for Peregrine Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Peregrine Corp's revenue has grown by 42%, moving from $4.8M to $6.8M. Total assets increased by 75.4% over the same period, from $4.8M to $8.5M. Total functional expenses rose by 67.3%, from $4.6M to $7.7M. In its most recent filing year (2023), Peregrine Corp reported a deficit of $905K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $8.5M in assets (debt-to-asset ratio: 17.5%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.8M | $7.7M | $8.5M | $1.5M | — | View 990 |
| 2022 | $7.3M | $7.5M | $9.2M | $1.4M | — | View 990 |
| 2021 | $7.2M | $6.3M | $9.6M | $1.5M | — | View 990 |
| 2020 | $6.7M | $6.3M | $9.2M | $2.0M | — | View 990 |
| 2019 | $6.9M | $6.3M | $8.4M | $1.6M | — | View 990 |
| 2018 | $6.7M | $6.4M | $8.1M | $2.0M | — | View 990 |
| 2017 | $6.0M | $6.1M | $6.8M | $894K | — | View 990 |
| 2016 | $6.4M | $5.8M | $6.8M | $914K | — | View 990 |
| 2015 | $6.6M | $5.0M | $6.9M | $1.6M | — | View 990 |
| 2014 | $5.1M | $5.0M | $4.8M | $1.0M | — | View 990 |
| 2013 | $5.2M | $5.2M | $4.9M | $1.2M | — | View 990 |
| 2012 | $5.1M | $4.9M | $5.1M | $1.5M | — | View 990 |
| 2011 | $4.8M | $4.6M | $4.8M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.8M, expenses of $7.7M, and assets of $8.5M (revenue -6.7% year-over-year).
- 2022: Revenue of $7.3M, expenses of $7.5M, and assets of $9.2M (revenue +0.9% year-over-year).
- 2021: Revenue of $7.2M, expenses of $6.3M, and assets of $9.6M (revenue +8.3% year-over-year).
- 2020: Revenue of $6.7M, expenses of $6.3M, and assets of $9.2M (revenue -3.1% year-over-year).
- 2019: Revenue of $6.9M, expenses of $6.3M, and assets of $8.4M (revenue +2.8% year-over-year).
- 2018: Revenue of $6.7M, expenses of $6.4M, and assets of $8.1M (revenue +12.0% year-over-year).
- 2017: Revenue of $6.0M, expenses of $6.1M, and assets of $6.8M (revenue -6.6% year-over-year).
- 2016: Revenue of $6.4M, expenses of $5.8M, and assets of $6.8M (revenue -2.3% year-over-year).
- 2015: Revenue of $6.6M, expenses of $5.0M, and assets of $6.9M (revenue +27.6% year-over-year).
- 2014: Revenue of $5.1M, expenses of $5.0M, and assets of $4.8M (revenue -1.8% year-over-year).
- 2013: Revenue of $5.2M, expenses of $5.2M, and assets of $4.9M (revenue +3.0% year-over-year).
- 2012: Revenue of $5.1M, expenses of $4.9M, and assets of $5.1M (revenue +6.0% year-over-year).
- 2011: Revenue of $4.8M, expenses of $4.6M, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peregrine Corp:
Data Sources and Methodology
This transparency report for Peregrine Corp 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.