Plant Memorial Home
Plant Memorial Home faces persistent operating deficits despite substantial assets.
EIN: 10131950 · Bath, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $651K |
| Total Expenses | $532K |
| Program Spending | 80% |
| Net Assets | $2.4M |
| Transparency Score | 55/100 |
Is Plant Memorial Home Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Plant Memorial Home directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Plant Memorial Home
Plant Memorial Home (EIN: 10131950) is a nonprofit organization based in Bath, ME. The organization reported total revenue of $651K and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plant Memorial Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Plant Memorial Home is a small nonprofit that has been operating for 54 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $517K |
| Total Expenses | $532K |
| Surplus / Deficit | $-15,115 |
| Total Assets | $4.9M |
| Total Liabilities | $2.5M |
| Net Assets | $2.4M |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 51.4% |
| Months of Reserves | 109.8 months |
Financial Health Grade: C
In 2023, Plant Memorial Home reported a deficit of $15K with expenses exceeding revenue, holds 109.8 months of operating reserves (strong position), has a debt-to-asset ratio of 51.4% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Plant Memorial Home's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.4% | -23.3% | -1.7% |
| 2022 | -24.9% | -9.8% | +42.2% |
| 2021 | +27.2% | -6.8% | -4.7% |
| 2020 | +47.0% | -16.5% | -9.5% |
| 2019 | +38.5% | -17.8% | +27.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
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 Plant Memorial Home with a Mission Score of 55 out of 100 (Fair). 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, Plant Memorial Home 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 deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 51.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or that executive salaries are not reported under this category, which is a positive indicator for minimizing overhead costs.
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 Plant Memorial Home's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in most recent periods (e.g., 2023, 2022, 2021, 2020, 2019).
- Significant liabilities: Liabilities have been high in recent years, reaching $2,503,469 in 2023, which could impact financial flexibility.
- Declining revenue in some periods: Revenue has fluctuated and shown declines in some years (e.g., $671,466 in 2021 to $504,575 in 2022).
Strengths
The following positive indicators were identified for Plant Memorial Home:
- Substantial asset base: The organization holds significant assets ($5,269,363), providing a financial cushion.
- No reported officer compensation: Consistently reporting 0% officer compensation indicates a commitment to minimizing executive overhead.
- Long operating history: The availability of 10 years of filing data suggests a long-standing presence and commitment to its mission.
Frequently Asked Questions about Plant Memorial Home
Is Plant Memorial Home a legitimate charity?
Based on AI analysis of IRS 990 filings, Plant Memorial Home (EIN: 10131950) some concerns. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
How does Plant Memorial Home spend its money?
Plant Memorial Home directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Plant Memorial Home tax-deductible?
Plant Memorial Home is registered as a tax-exempt nonprofit (EIN: 10131950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Plant Memorial Home's spending goes to programs?
Plant Memorial Home directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Plant Memorial Home located?
Plant Memorial Home is headquartered in Bath, Maine and files with the IRS under EIN 10131950.
How many years of IRS 990 filings does Plant Memorial Home have?
Plant Memorial Home 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 $651K in total revenue.
How does Plant Memorial Home plan to address its consistent operating deficits?
The organization has consistently spent more than it earned in most recent years (e.g., $531,806 expenses vs. $516,691 revenue in 2023), indicating a need for a clear strategy to improve financial sustainability.
What is the detailed breakdown of expenses (program, administrative, fundraising)?
Without a detailed breakdown, it's difficult to fully assess spending efficiency, though the overall financial picture suggests potential challenges in covering operational costs.
What is the nature of the significant liabilities reported by the organization?
Liabilities have been substantial in recent years (e.g., $2,503,469 in 2023), and understanding their nature (e.g., mortgages, program-related debt) is crucial for a complete financial assessment.
Filing History
IRS 990 filing history for Plant Memorial Home showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Plant Memorial Home's revenue has grown by 114.5%, moving from $241K to $517K. Total assets increased by 7.2% over the same period, from $4.5M to $4.9M. Total functional expenses fell by 2.2%, from $544K to $532K. In its most recent filing year (2023), Plant Memorial Home reported a deficit of $15K, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $4.9M in assets (debt-to-asset ratio: 51.4%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $517K | $532K | $4.9M | $2.5M | — | — |
| 2022 | $505K | $693K | $5.0M | $2.6M | — | View 990 |
| 2021 | $671K | $768K | $3.5M | $2.6M | — | View 990 |
| 2020 | $528K | $824K | $3.7M | $2.6M | — | View 990 |
| 2019 | $359K | $987K | $4.0M | $2.7M | — | View 990 |
| 2015 | $259K | $1.2M | $3.2M | $337K | — | View 990 |
| 2014 | $251K | $456K | $4.0M | $61K | — | View 990 |
| 2013 | $544K | $482K | $4.5M | $61K | — | View 990 |
| 2012 | $375K | $521K | $4.5M | $72K | — | View 990 |
| 2011 | $241K | $544K | $4.5M | $75K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $517K, expenses of $532K, and assets of $4.9M (revenue +2.4% year-over-year).
- 2022: Revenue of $505K, expenses of $693K, and assets of $5.0M (revenue -24.9% year-over-year).
- 2021: Revenue of $671K, expenses of $768K, and assets of $3.5M (revenue +27.2% year-over-year).
- 2020: Revenue of $528K, expenses of $824K, and assets of $3.7M (revenue +47.0% year-over-year).
- 2019: Revenue of $359K, expenses of $987K, and assets of $4.0M (revenue +38.5% year-over-year).
- 2015: Revenue of $259K, expenses of $1.2M, and assets of $3.2M (revenue +3.5% year-over-year).
- 2014: Revenue of $251K, expenses of $456K, and assets of $4.0M (revenue -53.9% year-over-year).
- 2013: Revenue of $544K, expenses of $482K, and assets of $4.5M (revenue +45.1% year-over-year).
- 2012: Revenue of $375K, expenses of $521K, and assets of $4.5M (revenue +55.6% year-over-year).
- 2011: Revenue of $241K, expenses of $544K, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Plant Memorial Home:
Data Sources and Methodology
This transparency report for Plant Memorial Home 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.