Pine Grove Cemetery Corp
Pine Grove Cemetery Corp consistently maintains financial surplus with zero officer compensation and growing assets.
EIN: 10140290 · Falmouth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.2M |
| Total Expenses | $135K |
| Program Spending | 90% |
| Net Assets | $2.8M |
| Transparency Score | 95/100 |
Is Pine Grove Cemetery Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pine Grove Cemetery Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pine Grove Cemetery Corp
Pine Grove Cemetery Corp (EIN: 10140290) is a nonprofit organization based in Falmouth, ME. The organization reported total revenue of $4.2M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pine Grove Cemetery Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pine Grove Cemetery Corp is a mid-size nonprofit that has been operating for 55 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $272K |
| Total Expenses | $135K |
| Surplus / Deficit | +$137K |
| Total Assets | $2.8M |
| Net Assets | $2.8M |
| Operating Margin | 50.3% |
| Months of Reserves | 245.5 months |
Financial Health Grade: A
In 2023, Pine Grove Cemetery Corp reported a surplus of $137K with revenue exceeding expenses, holds 245.5 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Pine Grove Cemetery Corp's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +96.9% | -4.5% | +5.2% |
| 2022 | -63.3% | +22.1% | -0.1% |
| 2021 | +20.0% | -6.1% | +11.0% |
| 2020 | +18.9% | +0.6% | +8.7% |
| 2019 | +109.1% | -4.3% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
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 Pine Grove Cemetery Corp 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, Pine Grove Cemetery Corp 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $137K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly unusual for an organization of its asset size and contributes to strong financial efficiency.
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 Pine Grove Cemetery Corp's IRS 990 filings:
- Discrepancy between 'Latest Revenue' and annual reported revenues requires clarification.
Strengths
The following positive indicators were identified for Pine Grove Cemetery Corp:
- Consistent financial surpluses, indicating strong fiscal management (e.g., $272,056 revenue vs. $135,112 expenses in 2023).
- Zero reported liabilities in recent years (2023, 2022), demonstrating a very healthy balance sheet.
- Steady growth in assets over the past decade, from $1,772,258 in 2014 to $2,763,942 in 2023.
- 0% officer compensation reported across all filings, indicating extremely low administrative overhead.
- Strong program focus implied by low expenses relative to revenue and no officer compensation.
Frequently Asked Questions about Pine Grove Cemetery Corp
Is Pine Grove Cemetery Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Pine Grove Cemetery Corp (EIN: 10140290) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Pine Grove Cemetery Corp spend its money?
Pine Grove Cemetery Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pine Grove Cemetery Corp tax-deductible?
Pine Grove Cemetery Corp is registered as a tax-exempt nonprofit (EIN: 10140290). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pine Grove Cemetery Corp located?
Pine Grove Cemetery Corp is headquartered in Falmouth, Maine and files with the IRS under EIN 10140290.
How many years of IRS 990 filings does Pine Grove Cemetery Corp have?
Pine Grove Cemetery Corp 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 $4.2M in total revenue.
What accounts for the 'Latest Revenue' of $4,191,975, which is significantly higher than the annual revenues reported in the filing history?
The provided 'Latest Revenue' figure of $4,191,975 is substantially larger than the annual revenues (e.g., $272,056 in 2023) from the filing history. This discrepancy suggests it might represent a different metric, such as total contributions over a longer period, an endowment gift, or a different reporting scope not directly comparable to the annual operating revenue figures.
How does Pine Grove Cemetery Corp manage its operations with zero reported officer compensation?
The consistent reporting of 0% officer compensation across all filings implies that the organization is either entirely volunteer-run at the executive level or that executive roles are compensated through other means not classified as 'officer compensation' on the 990, or that the compensation is below the reporting threshold. This structure significantly reduces administrative overhead.
What is the primary source of the organization's revenue?
While specific revenue sources are not detailed in the provided summary, for a cemetery corporation, common revenue streams include plot sales, interment fees, perpetual care funds, and potentially investment income from endowments. The consistent annual revenue suggests a stable operational model.
Filing History
IRS 990 filing history for Pine Grove Cemetery Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Pine Grove Cemetery Corp's revenue has grown by 109.5%, moving from $130K to $272K. Total assets increased by 75.1% over the same period, from $1.6M to $2.8M. Total functional expenses rose by 49.3%, from $91K to $135K. In its most recent filing year (2023), Pine Grove Cemetery Corp reported a surplus of $137K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $272K | $135K | $2.8M | $0 | — | — |
| 2022 | $138K | $141K | $2.6M | $0 | — | View 990 |
| 2021 | $376K | $116K | $2.6M | $49 | — | View 990 |
| 2020 | $314K | $123K | $2.4M | $73 | — | View 990 |
| 2019 | $264K | $123K | $2.2M | $183 | — | View 990 |
| 2018 | $126K | $128K | $2.0M | $0 | — | View 990 |
| 2017 | $237K | $131K | $2.0M | $358 | — | View 990 |
| 2016 | $200K | $120K | $1.9M | $5K | — | View 990 |
| 2015 | $229K | $128K | $1.9M | $10K | — | View 990 |
| 2014 | $153K | $126K | $1.8M | $19K | — | View 990 |
| 2013 | $191K | $116K | $1.7M | $24K | — | View 990 |
| 2012 | $158K | $121K | $1.7M | $1K | — | View 990 |
| 2011 | $146K | $111K | $1.6M | $1K | — | View 990 |
| 2010 | $130K | $91K | $1.6M | $996 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $272K, expenses of $135K, and assets of $2.8M (revenue +96.9% year-over-year).
- 2022: Revenue of $138K, expenses of $141K, and assets of $2.6M (revenue -63.3% year-over-year).
- 2021: Revenue of $376K, expenses of $116K, and assets of $2.6M (revenue +20.0% year-over-year).
- 2020: Revenue of $314K, expenses of $123K, and assets of $2.4M (revenue +18.9% year-over-year).
- 2019: Revenue of $264K, expenses of $123K, and assets of $2.2M (revenue +109.1% year-over-year).
- 2018: Revenue of $126K, expenses of $128K, and assets of $2.0M (revenue -46.8% year-over-year).
- 2017: Revenue of $237K, expenses of $131K, and assets of $2.0M (revenue +18.3% year-over-year).
- 2016: Revenue of $200K, expenses of $120K, and assets of $1.9M (revenue -12.5% year-over-year).
- 2015: Revenue of $229K, expenses of $128K, and assets of $1.9M (revenue +49.5% year-over-year).
- 2014: Revenue of $153K, expenses of $126K, and assets of $1.8M (revenue -19.9% year-over-year).
- 2013: Revenue of $191K, expenses of $116K, and assets of $1.7M (revenue +21.0% year-over-year).
- 2012: Revenue of $158K, expenses of $121K, and assets of $1.7M (revenue +7.8% year-over-year).
- 2011: Revenue of $146K, expenses of $111K, and assets of $1.6M (revenue +12.8% year-over-year).
- 2010: Revenue of $130K, expenses of $91K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pine Grove Cemetery Corp:
Data Sources and Methodology
This transparency report for Pine Grove Cemetery 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.