Piscataquis County Economic Development Council
Piscataquis County Economic Development Council consistently operates near break-even with no reported officer compensation.
EIN: 10521521 · Dovr Foxcroft, ME · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $465K |
| Total Expenses | $448K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $700,000. |
| Net Assets | $713K |
| Transparency Score | 92/100 |
Is Piscataquis County Economic Development Council Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Piscataquis County Economic Development Council directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Piscataquis County Economic Development Council
Piscataquis County Economic Development Council (EIN: 10521521) is a nonprofit organization based in Dovr Foxcroft, ME, classified under NTEE code S31. The organization reported total revenue of $465K and total assets of $712K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Piscataquis County Economic Development Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Piscataquis County Economic Development Council is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $453K |
| Total Expenses | $448K |
| Surplus / Deficit | +$5K |
| Total Assets | $717K |
| Total Liabilities | $3K |
| Net Assets | $713K |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 19.2 months |
Financial Health Grade: A
In 2023, Piscataquis County Economic Development Council reported a surplus of $5K with revenue exceeding expenses, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Piscataquis County Economic Development Council's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +104.0% | +87.7% | +0.6% |
| 2022 | -9.7% | +23.6% | -4.0% |
| 2021 | -3.1% | -18.6% | +7.4% |
| 2020 | -32.6% | -36.1% | +5.1% |
| 2019 | -16.4% | -5.9% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Piscataquis County Economic Development Council with a Mission Score of 92 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, Piscataquis County Economic Development Council 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 $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for an organization of its size with assets around $700,000.
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.
Strengths
The following positive indicators were identified for Piscataquis County Economic Development Council:
- No reported officer compensation across all filings, indicating high efficiency.
- Consistent growth in assets from $499,433 in 2014 to $716,616 in 2023.
- Operates near break-even, suggesting funds are directly applied to mission-related activities.
- Excellent filing history with 13 available IRS 990 filings, demonstrating strong transparency.
- Low liabilities relative to assets, indicating sound financial management (e.g., $3,443 liabilities vs. $716,616 assets in 2023).
Frequently Asked Questions about Piscataquis County Economic Development Council
Is Piscataquis County Economic Development Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Piscataquis County Economic Development Council (EIN: 10521521) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Piscataquis County Economic Development Council spend its money?
Piscataquis County Economic Development Council directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Piscataquis County Economic Development Council tax-deductible?
Piscataquis County Economic Development Council is registered as a tax-exempt nonprofit (EIN: 10521521). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Piscataquis County Economic Development Council CEO make?
Piscataquis County Economic Development Council's highest-compensated officer earns $700,000. annually. The organization reported $465K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Piscataquis County Economic Development Council compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Piscataquis County Economic Development Council is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Piscataquis County Economic Development Council located?
Piscataquis County Economic Development Council is headquartered in Dovr Foxcroft, Maine and files with the IRS under EIN 10521521. It is classified under NTEE code S31.
How many years of IRS 990 filings does Piscataquis County Economic Development Council have?
Piscataquis County Economic Development Council 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 $465K in total revenue.
Is Piscataquis County Economic Development Council a good charity?
Based on the provided financial data, the Piscataquis County Economic Development Council appears to be a very good charity. It demonstrates strong financial health, consistent reporting, and a highly efficient operational model with no reported officer compensation, ensuring funds are directed towards its mission.
How has the organization's financial stability changed over time?
The organization has shown consistent financial stability, with assets growing from $499,433 in 2014 to $716,616 in 2023. While revenue and expenses fluctuate year-to-year, it generally maintains a healthy balance sheet and operates near break-even, indicating prudent management.
What is the trend in revenue and expenses?
Revenue and expenses have shown variability over the years, with a notable peak in revenue in 2014 ($556,313) and a recent high in 2023 ($453,026). Expenses generally track revenue, indicating that the organization spends what it brings in to fulfill its mission, rather than accumulating large surpluses or deficits.
Filing History
IRS 990 filing history for Piscataquis County Economic Development Council showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Piscataquis County Economic Development Council's revenue has grown by 125.9%, moving from $201K to $453K. Total assets increased by 458.5% over the same period, from $128K to $717K. Total functional expenses rose by 116.8%, from $206K to $448K. In its most recent filing year (2023), Piscataquis County Economic Development Council reported a surplus of $5K, with revenue exceeding expenses. The organization holds $3K in liabilities against $717K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $713K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $453K | $448K | $717K | $3K | — | — |
| 2022 | $222K | $238K | $712K | $5K | — | View 990 |
| 2021 | $246K | $193K | $742K | $18K | — | View 990 |
| 2020 | $254K | $237K | $691K | $20K | — | View 990 |
| 2019 | $377K | $371K | $658K | $3K | — | View 990 |
| 2018 | $451K | $394K | $652K | $2K | — | View 990 |
| 2017 | $346K | $357K | $596K | $2K | — | View 990 |
| 2016 | $373K | $304K | $607K | $3K | — | View 990 |
| 2015 | $158K | $119K | $538K | $3K | — | View 990 |
| 2014 | $556K | $272K | $499K | $4K | — | View 990 |
| 2013 | $328K | $308K | $213K | $1K | — | View 990 |
| 2012 | $188K | $123K | $191K | $419 | — | View 990 |
| 2011 | $201K | $206K | $128K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $453K, expenses of $448K, and assets of $717K (revenue +104.0% year-over-year).
- 2022: Revenue of $222K, expenses of $238K, and assets of $712K (revenue -9.7% year-over-year).
- 2021: Revenue of $246K, expenses of $193K, and assets of $742K (revenue -3.1% year-over-year).
- 2020: Revenue of $254K, expenses of $237K, and assets of $691K (revenue -32.6% year-over-year).
- 2019: Revenue of $377K, expenses of $371K, and assets of $658K (revenue -16.4% year-over-year).
- 2018: Revenue of $451K, expenses of $394K, and assets of $652K (revenue +30.1% year-over-year).
- 2017: Revenue of $346K, expenses of $357K, and assets of $596K (revenue -7.1% year-over-year).
- 2016: Revenue of $373K, expenses of $304K, and assets of $607K (revenue +135.8% year-over-year).
- 2015: Revenue of $158K, expenses of $119K, and assets of $538K (revenue -71.6% year-over-year).
- 2014: Revenue of $556K, expenses of $272K, and assets of $499K (revenue +69.7% year-over-year).
- 2013: Revenue of $328K, expenses of $308K, and assets of $213K (revenue +74.2% year-over-year).
- 2012: Revenue of $188K, expenses of $123K, and assets of $191K (revenue -6.2% year-over-year).
- 2011: Revenue of $201K, expenses of $206K, and assets of $128K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Piscataquis County Economic Development Council:
Data Sources and Methodology
This transparency report for Piscataquis County Economic Development Council 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.