Portland Female Charitable Society
Portland Female Charitable Society maintains strong asset growth and low expenses with no officer compensation.
EIN: 10370961 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27K |
| Total Expenses | $16K |
| Program Spending | 90% |
| Net Assets | $305K |
| Transparency Score | 92/100 |
Is Portland Female Charitable Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portland Female Charitable Society directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Portland Female Charitable Society
Portland Female Charitable Society (EIN: 10370961) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $27K and total assets of $315K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland Female Charitable Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland Female Charitable Society is a micro nonprofit, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $16K |
| Surplus / Deficit | +$14K |
| Total Assets | $305K |
| Total Liabilities | $1 |
| Net Assets | $305K |
| Operating Margin | 46.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 226.1 months |
Financial Health Grade: A
In 2023, Portland Female Charitable Society reported a surplus of $14K with revenue exceeding expenses, holds 226.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Portland Female Charitable Society's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.8% | -30.0% | +4.8% |
| 2022 | +16.5% | +120.0% | +2.6% |
| 2021 | +26.0% | +580.2% | +5.8% |
| 2020 | -9.4% | -71.0% | +7.7% |
| 2019 | +35.5% | -68.1% | +23.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Portland Female Charitable Society 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, Portland Female Charitable Society 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 $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through other means not reported as officer compensation, which is highly favorable for a small organization of its size.
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 Portland Female Charitable Society:
- Consistent asset growth, from $200,841 in 2011 to $305,300 in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency.
- Low liabilities, consistently reported as $0 or $1, demonstrating strong financial health.
- Expenses are consistently well below revenue, allowing for asset accumulation and stability (e.g., 2023 revenue $30,177 vs. expenses $16,204).
- Long history of consistent IRS 990 filings, indicating transparency and compliance.
Frequently Asked Questions about Portland Female Charitable Society
Is Portland Female Charitable Society a legitimate charity?
Portland Female Charitable Society (EIN: 10370961) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 11 years of IRS 990 filings on record. Total revenue: $27K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Portland Female Charitable Society spend its money?
Portland Female Charitable Society directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Portland Female Charitable Society tax-deductible?
Portland Female Charitable Society is registered as a tax-exempt nonprofit (EIN: 10370961). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Portland Female Charitable Society located?
Portland Female Charitable Society is headquartered in Portland, Maine and files with the IRS under EIN 10370961.
How many years of IRS 990 filings does Portland Female Charitable Society have?
Portland Female Charitable Society has 11 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 $27K in total revenue.
How does Portland Female Charitable Society achieve its mission with no reported officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization likely relies on volunteer leadership or that any administrative costs are minimal and not categorized as officer salaries, allowing more funds to be directed towards its charitable programs.
What specific programs does Portland Female Charitable Society fund?
While the IRS 990 data confirms financial health and efficiency, it does not detail the specific programs or beneficiaries. Further investigation into their website or annual reports would be necessary to understand their direct charitable activities.
Is the organization's asset growth sustainable given its revenue levels?
Yes, the organization's assets have consistently grown from $200,841 in 2011 to $305,300 in 2023, often exceeding annual revenues and expenses. This indicates a sustainable financial model, likely through investment income or consistent, modest donations.
Filing History
IRS 990 filing history for Portland Female Charitable Society showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Portland Female Charitable Society's revenue has grown by 297%, moving from $8K to $30K. Total assets increased by 52.6% over the same period, from $200K to $305K. Total functional expenses rose by 54.8%, from $10K to $16K. In its most recent filing year (2023), Portland Female Charitable Society reported a surplus of $14K, with revenue exceeding expenses. The organization holds $1 in liabilities against $305K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $305K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30K | $16K | $305K | $1 | — | View 990 |
| 2022 | $30K | $23K | $291K | $1 | — | View 990 |
| 2021 | $26K | $11K | $284K | $1 | — | View 990 |
| 2020 | $21K | $2K | $268K | $1 | — | View 990 |
| 2019 | $23K | $5K | $249K | $0 | — | View 990 |
| 2015 | $17K | $17K | $203K | $0 | — | View 990 |
| 2014 | $10K | $8K | $203K | $0 | — | View 990 |
| 2013 | $9K | $9K | $201K | $0 | — | View 990 |
| 2012 | $8K | $7K | $202K | $0 | — | View 990 |
| 2011 | $8K | $7K | $201K | $0 | — | View 990 |
| 2010 | $8K | $10K | $200K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30K, expenses of $16K, and assets of $305K (revenue -0.8% year-over-year).
- 2022: Revenue of $30K, expenses of $23K, and assets of $291K (revenue +16.5% year-over-year).
- 2021: Revenue of $26K, expenses of $11K, and assets of $284K (revenue +26.0% year-over-year).
- 2020: Revenue of $21K, expenses of $2K, and assets of $268K (revenue -9.4% year-over-year).
- 2019: Revenue of $23K, expenses of $5K, and assets of $249K (revenue +35.5% year-over-year).
- 2015: Revenue of $17K, expenses of $17K, and assets of $203K (revenue +72.6% year-over-year).
- 2014: Revenue of $10K, expenses of $8K, and assets of $203K (revenue +14.9% year-over-year).
- 2013: Revenue of $9K, expenses of $9K, and assets of $201K (revenue +7.9% year-over-year).
- 2012: Revenue of $8K, expenses of $7K, and assets of $202K (revenue -3.8% year-over-year).
- 2011: Revenue of $8K, expenses of $7K, and assets of $201K (revenue +7.7% year-over-year).
- 2010: Revenue of $8K, expenses of $10K, and assets of $200K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland Female Charitable Society:
Data Sources and Methodology
This transparency report for Portland Female Charitable Society 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.