Pineland Farms Inc
Pineland Farms Inc shows consistent revenue growth and operational surpluses with no reported officer compensation.
EIN: 10538172 · New Gloucestr, ME · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.0M |
| Total Expenses | $9.0M |
| Program Spending | 80% |
| Net Assets | $5.5M |
| Transparency Score | 85/100 |
Is Pineland Farms Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pineland Farms Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pineland Farms Inc
Pineland Farms Inc (EIN: 10538172) is a nonprofit organization based in New Gloucestr, ME, classified under NTEE code A80. The organization reported total revenue of $15.0M and total assets of $7.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pineland Farms Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pineland Farms Inc is a large nonprofit that has been operating for 25 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.3M |
| Total Expenses | $9.0M |
| Surplus / Deficit | +$313K |
| Total Assets | $8.2M |
| Total Liabilities | $2.7M |
| Net Assets | $5.5M |
| Operating Margin | 3.4% |
| Debt-to-Asset Ratio | 33.2% |
| Months of Reserves | 10.9 months |
Financial Health Grade: A
In 2023, Pineland Farms Inc reported a surplus of $313K with revenue exceeding expenses, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 33.2% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Pineland Farms Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | +3.1% | +47.1% |
| 2022 | +13.4% | +9.8% | +3.9% |
| 2021 | +1.9% | +8.1% | -0.5% |
| 2020 | +5.0% | -2.0% | +7.6% |
| 2019 | +36.4% | +29.6% | -21.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
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 Pineland Farms Inc 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: 80%
- fundraising: 5%
According to IRS 990 filings, Pineland Farms Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $313K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.2%.
Executive Compensation Analysis
Pineland Farms Inc consistently reports 0% officer compensation across all available filings, indicating a strong commitment to minimizing administrative overhead at the executive level and maximizing resources for its mission.
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 Pineland Farms Inc's IRS 990 filings:
- Significant increase in liabilities in 2023 ($2,705,127 from $406,670 in 2022) warrants further investigation.
Strengths
The following positive indicators were identified for Pineland Farms Inc:
- Consistent operational surpluses in most recent years (e.g., $313,483 surplus in 2023).
- Strong asset growth over the long term, from $4.8M in 2011 to $8.1M in 2023.
- No reported officer compensation across all filings, indicating high transparency and efficient use of funds at the executive level.
- Consistent revenue growth over the past decade.
Frequently Asked Questions about Pineland Farms Inc
Is Pineland Farms Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pineland Farms Inc (EIN: 10538172) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Pineland Farms Inc spend its money?
Pineland Farms Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pineland Farms Inc tax-deductible?
Pineland Farms Inc is registered as a tax-exempt nonprofit (EIN: 10538172). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pineland Farms Inc's spending goes to programs?
Pineland Farms Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pineland Farms Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Pineland Farms Inc is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pineland Farms Inc located?
Pineland Farms Inc is headquartered in New Gloucestr, Maine and files with the IRS under EIN 10538172. It is classified under NTEE code A80.
How many years of IRS 990 filings does Pineland Farms Inc have?
Pineland Farms Inc has 10 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 $15.0M in total revenue.
Is Pineland Farms Inc financially stable?
Yes, Pineland Farms Inc appears financially stable. In 2023, revenue ($9,292,975) exceeded expenses ($8,979,492), and assets have grown consistently from $4.8M in 2011 to $8.1M in 2023.
How has Pineland Farms Inc's revenue trended over time?
Pineland Farms Inc has shown a general upward trend in revenue, increasing from $5,869,041 in 2011 to $9,292,975 in 2023, with some fluctuations.
What is the organization's stance on executive compensation?
The organization consistently reports 0% officer compensation in all provided filings, suggesting that executive leadership is either volunteer-based or compensated through other non-officer compensation categories, which is a positive indicator of fiscal responsibility.
What caused the significant increase in liabilities in 2023?
Liabilities increased from $406,670 in 2022 to $2,705,127 in 2023. Further investigation into the nature of these liabilities (e.g., new loans, deferred revenue) would be necessary to understand this change.
Filing History
IRS 990 filing history for Pineland Farms Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Pineland Farms Inc's revenue has grown by 58.3%, moving from $5.9M to $9.3M. Total assets increased by 67% over the same period, from $4.9M to $8.2M. Total functional expenses rose by 46.4%, from $6.1M to $9.0M. In its most recent filing year (2023), Pineland Farms Inc reported a surplus of $313K, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $8.2M in assets (debt-to-asset ratio: 33.2%), resulting in net assets of $5.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.3M | $9.0M | $8.2M | $2.7M | — | — |
| 2022 | $8.9M | $8.7M | $5.5M | $407K | — | View 990 |
| 2021 | $7.9M | $7.9M | $5.3M | $423K | — | View 990 |
| 2020 | $7.7M | $7.3M | $5.4M | $393K | — | View 990 |
| 2019 | $7.4M | $7.5M | $5.0M | $399K | — | View 990 |
| 2015 | $5.4M | $5.8M | $6.3M | $1.3M | — | View 990 |
| 2014 | $7.0M | $5.5M | $6.0M | $540K | — | View 990 |
| 2013 | $4.5M | $5.7M | $4.3M | $349K | — | View 990 |
| 2012 | $7.1M | $6.6M | $5.6M | $442K | — | View 990 |
| 2011 | $5.9M | $6.1M | $4.9M | $301K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.3M, expenses of $9.0M, and assets of $8.2M (revenue +4.1% year-over-year).
- 2022: Revenue of $8.9M, expenses of $8.7M, and assets of $5.5M (revenue +13.4% year-over-year).
- 2021: Revenue of $7.9M, expenses of $7.9M, and assets of $5.3M (revenue +1.9% year-over-year).
- 2020: Revenue of $7.7M, expenses of $7.3M, and assets of $5.4M (revenue +5.0% year-over-year).
- 2019: Revenue of $7.4M, expenses of $7.5M, and assets of $5.0M (revenue +36.4% year-over-year).
- 2015: Revenue of $5.4M, expenses of $5.8M, and assets of $6.3M (revenue -22.9% year-over-year).
- 2014: Revenue of $7.0M, expenses of $5.5M, and assets of $6.0M (revenue +55.5% year-over-year).
- 2013: Revenue of $4.5M, expenses of $5.7M, and assets of $4.3M (revenue -37.0% year-over-year).
- 2012: Revenue of $7.1M, expenses of $6.6M, and assets of $5.6M (revenue +21.8% year-over-year).
- 2011: Revenue of $5.9M, expenses of $6.1M, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pineland Farms Inc:
Data Sources and Methodology
This transparency report for Pineland Farms 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.