Pine Tree Society Inc
Pine Tree Society Inc. shows consistent growth and strong asset accumulation with reported 0% officer compensation.
EIN: 10212442 · Bath, ME · NTEE: B28Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26.3M |
| Total Expenses | $10.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $37.5M |
| Transparency Score | 90/100 |
Is Pine Tree Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pine Tree Society Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pine Tree Society Inc
Pine Tree Society Inc (EIN: 10212442) is a nonprofit organization based in Bath, ME, classified under NTEE code B28Z. The organization reported total revenue of $26.3M and total assets of $41.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pine Tree Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pine Tree Society Inc is a large nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.6M |
| Total Expenses | $10.3M |
| Surplus / Deficit | +$362K |
| Total Assets | $38.6M |
| Total Liabilities | $1.2M |
| Net Assets | $37.5M |
| Operating Margin | 3.4% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 45.1 months |
Financial Health Grade: A
In 2023, Pine Tree Society Inc reported a surplus of $362K with revenue exceeding expenses, holds 45.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2023), Pine Tree Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.3% | +9.4% | +7.2% |
| 2022 | -27.4% | +18.3% | -9.4% |
| 2021 | +79.7% | -0.6% | +23.3% |
| 2020 | -20.7% | -8.5% | +6.3% |
| 2019 | +12.4% | +4.5% | +14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1946 |
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 Tree Society Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Pine Tree Society Inc 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 surplus of $362K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
The consistent reporting of 0% for Officer Compensation across all available filings is highly unusual for an organization with annual revenues exceeding $10 million and assets over $38 million, suggesting either a volunteer-led executive team or compensation structured in a way not captured by this specific 990 line item.
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 Tree Society Inc's IRS 990 filings:
- Consistent 0% officer compensation reported for an organization of this size, which warrants further investigation into the full 990 to understand the complete compensation structure for key employees.
Strengths
The following positive indicators were identified for Pine Tree Society Inc:
- Consistent revenue growth, nearly doubling from $5.97M in 2014 to $10.64M in 2023.
- Strong asset accumulation, increasing from $24.36M in 2014 to $38.63M in 2023, indicating long-term stability.
- Expenses are consistently managed close to revenue, demonstrating efficient financial operations (e.g., $10.28M expenses vs. $10.64M revenue in 2023).
- Reported 0% officer compensation across all filings, suggesting a highly mission-focused approach to leadership compensation or a unique compensation structure.
Frequently Asked Questions about Pine Tree Society Inc
Is Pine Tree Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pine Tree Society Inc (EIN: 10212442) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Pine Tree Society Inc spend its money?
Pine Tree Society Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pine Tree Society Inc tax-deductible?
Pine Tree Society Inc is registered as a tax-exempt nonprofit (EIN: 10212442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pine Tree Society Inc CEO make?
Pine Tree Society Inc's highest-compensated officer earns $10 annually. The organization reported $26.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Pine Tree Society Inc's spending goes to programs?
Pine Tree Society Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pine Tree Society Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Pine Tree Society Inc is above average for NTEE category B28Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pine Tree Society Inc located?
Pine Tree Society Inc is headquartered in Bath, Maine and files with the IRS under EIN 10212442. It is classified under NTEE code B28Z.
How many years of IRS 990 filings does Pine Tree Society Inc have?
Pine Tree Society Inc 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 $26.3M in total revenue.
Is Pine Tree Society Inc. a good charity?
Based on the provided financial data, Pine Tree Society Inc. appears to be a financially healthy and well-managed charity, demonstrating consistent growth, strong asset accumulation, and responsible spending. The reported 0% officer compensation is a notable positive, indicating a strong commitment to directing resources towards its mission.
How has Pine Tree Society Inc.'s financial health changed over time?
Pine Tree Society Inc. has shown significant financial growth and stability over the past decade. Revenue has nearly doubled from $5,971,467 in 2014 to $10,642,998 in 2023, and assets have increased from $24,357,793 to $38,629,377 in the same period, indicating robust financial health and expansion.
What is the organization's approach to executive compensation?
The IRS 990 filings consistently report 0% for Officer Compensation. This suggests either that the organization's top leadership is entirely volunteer-based, or that their compensation is categorized differently within the 990, or that the specific line item for 'Officer Comp' does not apply to their executive structure. This practice, if it means no compensation for top leadership, is highly commendable for a charity of this size.
Filing History
IRS 990 filing history for Pine Tree Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Pine Tree Society Inc's revenue has grown by 119.6%, moving from $4.8M to $10.6M. Total assets increased by 71.4% over the same period, from $22.5M to $38.6M. Total functional expenses rose by 121.7%, from $4.6M to $10.3M. In its most recent filing year (2023), Pine Tree Society Inc reported a surplus of $362K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $38.6M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $37.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.6M | $10.3M | $38.6M | $1.2M | — | View 990 |
| 2022 | $9.9M | $9.4M | $36.0M | $1.1M | — | View 990 |
| 2021 | $13.7M | $7.9M | $39.8M | $855K | — | View 990 |
| 2020 | $7.6M | $8.0M | $32.3M | $773K | — | — |
| 2019 | $9.6M | $8.7M | $30.4M | $770K | — | View 990 |
| 2018 | $8.5M | $8.3M | $26.6M | $725K | — | View 990 |
| 2017 | $7.0M | $7.7M | $26.9M | $579K | — | View 990 |
| 2016 | $7.2M | $7.5M | $25.5M | $679K | — | View 990 |
| 2015 | $6.2M | $5.2M | $24.1M | $391K | — | View 990 |
| 2014 | $6.0M | $4.7M | $24.4M | $615K | — | View 990 |
| 2013 | $5.0M | $4.5M | $23.0M | $690K | — | View 990 |
| 2012 | $2.0M | $1.7M | $21.4M | $795K | — | View 990 |
| 2012 | $4.8M | $4.6M | $22.5M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.6M, expenses of $10.3M, and assets of $38.6M (revenue +7.3% year-over-year).
- 2022: Revenue of $9.9M, expenses of $9.4M, and assets of $36.0M (revenue -27.4% year-over-year).
- 2021: Revenue of $13.7M, expenses of $7.9M, and assets of $39.8M (revenue +79.7% year-over-year).
- 2020: Revenue of $7.6M, expenses of $8.0M, and assets of $32.3M (revenue -20.7% year-over-year).
- 2019: Revenue of $9.6M, expenses of $8.7M, and assets of $30.4M (revenue +12.4% year-over-year).
- 2018: Revenue of $8.5M, expenses of $8.3M, and assets of $26.6M (revenue +22.8% year-over-year).
- 2017: Revenue of $7.0M, expenses of $7.7M, and assets of $26.9M (revenue -4.0% year-over-year).
- 2016: Revenue of $7.2M, expenses of $7.5M, and assets of $25.5M (revenue +16.1% year-over-year).
- 2015: Revenue of $6.2M, expenses of $5.2M, and assets of $24.1M (revenue +4.5% year-over-year).
- 2014: Revenue of $6.0M, expenses of $4.7M, and assets of $24.4M (revenue +20.3% year-over-year).
- 2013: Revenue of $5.0M, expenses of $4.5M, and assets of $23.0M (revenue +142.2% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.7M, and assets of $21.4M (revenue -57.7% year-over-year).
- 2012: Revenue of $4.8M, expenses of $4.6M, and assets of $22.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pine Tree Society Inc:
Data Sources and Methodology
This transparency report for Pine Tree Society Inc 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.