Phippsburg Land Trust
Phippsburg Land Trust: Strong Asset Growth, Consistent Program Spending
EIN: 222996402 · Phippsburg, ME · NTEE: C340 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $110K |
| Total Expenses | $59K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is Phippsburg Land Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phippsburg Land Trust directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Phippsburg Land Trust
Phippsburg Land Trust (EIN: 222996402) is a nonprofit organization based in Phippsburg, ME, classified under NTEE code C340. The organization reported total revenue of $110K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phippsburg Land Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phippsburg Land Trust is a small nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $59K |
| Surplus / Deficit | +$30K |
| Total Assets | $2.3M |
| Total Liabilities | $7K |
| Net Assets | $2.3M |
| Operating Margin | 34.0% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 460.7 months |
Financial Health Grade: A
In 2023, Phippsburg Land Trust reported a surplus of $30K with revenue exceeding expenses, holds 460.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Phippsburg Land Trust's revenue has declined at a compound annual growth rate (CAGR) of -12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.7% | +32.3% | +2.0% |
| 2022 | +4.0% | +14.0% | -1.2% |
| 2021 | +16.0% | -19.9% | +3.5% |
| 2020 | -62.2% | -14.2% | +1.9% |
| 2019 | +301.9% | +62.2% | +7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Phippsburg Land Trust with a Mission Score of 85 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Phippsburg Land Trust allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-driven leadership or that compensation falls below reporting thresholds.
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 Phippsburg Land Trust's IRS 990 filings:
- Lack of detailed program expense breakdown makes it challenging to assess the specific impact of their conservation efforts.
Strengths
The following positive indicators were identified for Phippsburg Land Trust:
- Consistent asset growth from $1,884,555 in 2017 to $2,310,385 in 2023 demonstrates strong financial stewardship.
- Low overhead indicated by $0 reported compensation across all years.
- Healthy revenue streams, with total revenue of $109,820 in the most recent filing.
Frequently Asked Questions about Phippsburg Land Trust
Is Phippsburg Land Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Phippsburg Land Trust (EIN: 222996402) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Phippsburg Land Trust spend its money?
Phippsburg Land Trust directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Phippsburg Land Trust tax-deductible?
Phippsburg Land Trust is registered as a tax-exempt nonprofit (EIN: 222996402). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Phippsburg Land Trust CEO make?
Phippsburg Land Trust's highest-compensated officer earns $0 annually. The organization reported $110K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Phippsburg Land Trust's spending goes to programs?
Phippsburg Land Trust directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Phippsburg Land Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Phippsburg Land Trust is above average for NTEE category C340 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Phippsburg Land Trust located?
Phippsburg Land Trust is headquartered in Phippsburg, Maine and files with the IRS under EIN 222996402. It is classified under NTEE code C340.
How many years of IRS 990 filings does Phippsburg Land Trust have?
Phippsburg Land Trust 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 $110K in total revenue.
What does Phippsburg Land Trust do?
Phippsburg Land Trust is a nonprofit organization in the Environment sector, located in Phippsburg, Maine. It is classified under NTEE code C340.
How much revenue does Phippsburg Land Trust have?
Phippsburg Land Trust reported total revenue of $109,820. Based on 14 IRS 990 filings on record.
What are Phippsburg Land Trust's total assets?
Phippsburg Land Trust holds total assets of $2,310,385 as reported in IRS 990 filings.
Where is Phippsburg Land Trust located?
Phippsburg Land Trust is based in Phippsburg, Maine.
What is Phippsburg Land Trust's EIN?
Phippsburg Land Trust's Employer Identification Number (EIN) is 222996402. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Phippsburg Land Trust?
Phippsburg Land Trust is classified under NTEE code C340 (Environment).
Is Phippsburg Land Trust a registered 501(c)(3)?
Yes, Phippsburg Land Trust is recognized as a tax-exempt organization by the IRS. EIN: 222996402.
Does Phippsburg Land Trust file IRS Form 990?
Yes, Phippsburg Land Trust has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Phippsburg Land Trust's revenue in 2023?
In the 202312 filing period, Phippsburg Land Trust reported total revenue of $89,160, total expenses of $58,869, and net assets of $2,259,852.
Is Phippsburg Land Trust's revenue growing or declining?
Phippsburg Land Trust's revenue is growing. Revenue went from $73,840 (202212) to $89,160 (202312), a +20.7% change. Based on 14 filings on record.
What is Phippsburg Land Trust's most recent 990 filing?
The most recent IRS Form 990 filing for Phippsburg Land Trust covers tax period 202312. It shows revenue of $89,160, expenses of $58,869, total assets of $2,259,852, and liabilities of $7,186.
How much does Phippsburg Land Trust spend on programs vs administration?
Based on IRS 990 analysis, Phippsburg Land Trust allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Phippsburg Land Trust a trustworthy charity?
Based on AI analysis of IRS 990 data, Phippsburg Land Trust appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for Phippsburg Land Trust?
The following concerns were identified: Lack of detailed program expense breakdown makes it challenging to assess the specific impact of their conservation efforts.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Phippsburg Land Trust's strengths?
Positive indicators for Phippsburg Land Trust include: Consistent asset growth from $1,884,555 in 2017 to $2,310,385 in 2023 demonstrates strong financial stewardship.. Low overhead indicated by $0 reported compensation across all years.. Healthy revenue streams, with total revenue of $109,820 in the most recent filing.. These findings are derived from AI analysis of the organization's financial filings.
How does Phippsburg Land Trust compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-driven leadership or that compensation falls below reporting thresholds. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 compensation reported, how does the Phippsburg Land Trust manage its operational and administrative functions, and what is the long-term sustainability plan for this model?
The consistent $0 compensation suggests a reliance on volunteer efforts or very minimal, unreported stipends. This model can be sustainable if volunteer engagement remains high and operational needs are met without significant paid staff. However, it could limit scalability and professional development.
With significant asset growth but limited expense details, what specific land conservation or community engagement projects are being funded, and how are these prioritized?
While assets have grown substantially, the lack of detailed expense breakdowns prevents a clear understanding of specific project funding. To assess impact, further inquiry into their annual reports or program descriptions would be necessary to identify prioritized conservation and engagement initiatives.
Filing History
IRS 990 filing history for Phippsburg Land Trust showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Phippsburg Land Trust's revenue has declined by 80.9%, moving from $467K to $89K. Total assets decreased by 2.8% over the same period, from $2.3M to $2.3M. Total functional expenses rose by 56.4%, from $38K to $59K. In its most recent filing year (2023), Phippsburg Land Trust reported a surplus of $30K, with revenue exceeding expenses. The organization holds $7K in liabilities against $2.3M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89K | $59K | $2.3M | $7K | — | — |
| 2022 | $74K | $45K | $2.2M | $900 | — | View 990 |
| 2021 | $71K | $39K | $2.2M | $0 | — | View 990 |
| 2020 | $61K | $49K | $2.2M | $0 | — | — |
| 2019 | $162K | $57K | $2.1M | $87 | — | View 990 |
| 2018 | $40K | $35K | $2.0M | $0 | — | View 990 |
| 2018 | $160K | $59K | $2.0M | $8K | — | View 990 |
| 2017 | $83K | $48K | $1.9M | $0 | — | View 990 |
| 2016 | $54K | $59K | $1.8M | $0 | — | View 990 |
| 2015 | $68K | $52K | $1.8M | $0 | — | View 990 |
| 2014 | $74K | $38K | $1.8M | $0 | — | View 990 |
| 2013 | $102K | $37K | $1.8M | $0 | — | View 990 |
| 2012 | $67K | $49K | $1.8M | $56K | — | View 990 |
| 2011 | $467K | $38K | $2.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $89K, expenses of $59K, and assets of $2.3M (revenue +20.7% year-over-year).
- 2022: Revenue of $74K, expenses of $45K, and assets of $2.2M (revenue +4.0% year-over-year).
- 2021: Revenue of $71K, expenses of $39K, and assets of $2.2M (revenue +16.0% year-over-year).
- 2020: Revenue of $61K, expenses of $49K, and assets of $2.2M (revenue -62.2% year-over-year).
- 2019: Revenue of $162K, expenses of $57K, and assets of $2.1M (revenue +301.9% year-over-year).
- 2018: Revenue of $40K, expenses of $35K, and assets of $2.0M (revenue -74.8% year-over-year).
- 2018: Revenue of $160K, expenses of $59K, and assets of $2.0M (revenue +92.7% year-over-year).
- 2017: Revenue of $83K, expenses of $48K, and assets of $1.9M (revenue +55.0% year-over-year).
- 2016: Revenue of $54K, expenses of $59K, and assets of $1.8M (revenue -20.7% year-over-year).
- 2015: Revenue of $68K, expenses of $52K, and assets of $1.8M (revenue -8.1% year-over-year).
- 2014: Revenue of $74K, expenses of $38K, and assets of $1.8M (revenue -27.6% year-over-year).
- 2013: Revenue of $102K, expenses of $37K, and assets of $1.8M (revenue +52.5% year-over-year).
- 2012: Revenue of $67K, expenses of $49K, and assets of $1.8M (revenue -85.7% year-over-year).
- 2011: Revenue of $467K, expenses of $38K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phippsburg Land Trust:
Data Sources and Methodology
This transparency report for Phippsburg Land Trust 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.