Portland Museum Of Art
Portland Museum Of Art demonstrates strong asset growth and consistent financial surpluses over the past decade.
EIN: 10378420 · Portland, ME · NTEE: A510 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.1M |
| Total Expenses | $13.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $92.4M |
| Transparency Score | 85/100 |
Is Portland Museum Of Art Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portland Museum Of Art directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Portland Museum Of Art
Portland Museum Of Art (EIN: 10378420) is a nonprofit organization based in Portland, ME, classified under NTEE code A510. The organization reported total revenue of $15.1M and total assets of $96.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland Museum Of Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland Museum Of Art is a large nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.4M |
| Total Expenses | $13.4M |
| Surplus / Deficit | +$2.0M |
| Total Assets | $94.4M |
| Total Liabilities | $2.0M |
| Net Assets | $92.4M |
| Operating Margin | 13.2% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 84.7 months |
Financial Health Grade: A
In 2024, Portland Museum Of Art reported a surplus of $2.0M with revenue exceeding expenses, holds 84.7 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Portland Museum Of Art's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -29.3% | +26.8% | +6.1% |
| 2023 | +45.9% | +26.9% | +9.9% |
| 2022 | +43.2% | +3.3% | +6.7% |
| 2021 | -23.2% | +0.7% | +10.5% |
| 2020 | +9.1% | +10.8% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1983 |
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 Museum Of Art 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: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, Portland Museum Of Art allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for 'Officer Comp' across all periods, which is unusual for an organization of this size with assets nearing $100 million and annual revenues exceeding $15 million. This suggests either a volunteer leadership model or that executive compensation is categorized under other expense lines, warranting further investigation for complete transparency.
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 Portland Museum Of Art's IRS 990 filings:
- Lack of clear executive compensation disclosure (0% reported for 'Officer Comp' across all filings)
Strengths
The following positive indicators were identified for Portland Museum Of Art:
- Consistent asset growth, nearly doubling from $49.9M in 2015 to $94.3M in 2024.
- Regularly operates with a financial surplus, indicating strong fiscal management (e.g., $15.4M revenue vs. $13.3M expenses in 2024).
- Low liabilities relative to assets, suggesting a healthy balance sheet (e.g., $2.0M liabilities vs. $94.3M assets in 2024).
- Demonstrates long-term sustainability and capacity for mission-related activities.
Frequently Asked Questions about Portland Museum Of Art
Is Portland Museum Of Art a legitimate charity?
Based on AI analysis of IRS 990 filings, Portland Museum Of Art (EIN: 10378420) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Portland Museum Of Art spend its money?
Portland Museum Of Art directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Portland Museum Of Art tax-deductible?
Portland Museum Of Art is registered as a tax-exempt nonprofit (EIN: 10378420). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Portland Museum Of Art CEO make?
Portland Museum Of Art's highest-compensated officer earns $100 annually. The organization reported $15.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Portland Museum Of Art's spending goes to programs?
Portland Museum Of Art directs 80% to programs, 8% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Portland Museum Of Art compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Portland Museum Of Art is above average for NTEE category A510 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Portland Museum Of Art located?
Portland Museum Of Art is headquartered in Portland, Maine and files with the IRS under EIN 10378420. It is classified under NTEE code A510.
How many years of IRS 990 filings does Portland Museum Of Art have?
Portland Museum Of Art 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 $15.1M in total revenue.
How does the Portland Museum Of Art manage to report 0% officer compensation across all filings?
The consistent reporting of 0% for 'Officer Comp' in the provided data is unusual for an organization of this scale. It could indicate that leadership roles are entirely volunteer-based, or that compensation for key executives is reported under different expense categories (e.g., salaries and wages for non-officer employees) rather than specifically as 'Officer Comp' on the 990 form. Further review of the full 990 forms would be needed to clarify this.
What is the primary driver of the significant asset growth observed?
The Portland Museum Of Art has seen substantial asset growth from $49,997,248 in 2015 to $94,377,270 in 2024. This growth is likely driven by a combination of consistent revenue surpluses (revenues generally exceeding expenses), successful fundraising campaigns, and potentially appreciation of investment assets. For example, in 2023, revenue was $21,796,721 against expenses of $10,546,501, contributing significantly to asset accumulation.
Is the organization financially stable given its revenue fluctuations?
Despite some fluctuations in annual revenue (e.g., $21,796,721 in 2023 vs. $15,400,222 in 2024), the organization demonstrates strong financial stability. It consistently maintains a positive net income (revenue exceeding expenses) and has nearly doubled its assets over the past decade, indicating a robust financial foundation and effective management of resources.
Filing History
IRS 990 filing history for Portland Museum Of Art showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Portland Museum Of Art's revenue has grown by 167%, moving from $5.8M to $15.4M. Total assets increased by 106.6% over the same period, from $45.7M to $94.4M. Total functional expenses rose by 155.3%, from $5.2M to $13.4M. In its most recent filing year (2024), Portland Museum Of Art reported a surplus of $2.0M, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $94.4M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $92.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $15.4M | $13.4M | $94.4M | $2.0M | — | View 990 |
| 2023 | $21.8M | $10.5M | $89.0M | $1.6M | — | View 990 |
| 2022 | $14.9M | $8.3M | $80.9M | $1.2M | — | View 990 |
| 2021 | $10.4M | $8.0M | $75.8M | $2.6M | — | — |
| 2020 | $13.6M | $8.0M | $68.6M | $2.6M | — | View 990 |
| 2019 | $12.5M | $7.2M | $61.7M | $486K | — | View 990 |
| 2018 | $9.3M | $7.2M | $60.0M | $323K | — | View 990 |
| 2017 | $11.0M | $6.6M | $54.2M | $1.2M | — | View 990 |
| 2016 | $5.8M | $7.0M | $47.0M | $1.1M | — | View 990 |
| 2015 | $10.1M | $6.1M | $50.0M | $1.5M | — | View 990 |
| 2014 | $5.0M | $6.4M | $47.2M | $723K | — | View 990 |
| 2013 | $6.6M | $6.2M | $47.6M | $496K | — | View 990 |
| 2012 | $5.8M | $5.2M | $45.7M | $490K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $15.4M, expenses of $13.4M, and assets of $94.4M (revenue -29.3% year-over-year).
- 2023: Revenue of $21.8M, expenses of $10.5M, and assets of $89.0M (revenue +45.9% year-over-year).
- 2022: Revenue of $14.9M, expenses of $8.3M, and assets of $80.9M (revenue +43.2% year-over-year).
- 2021: Revenue of $10.4M, expenses of $8.0M, and assets of $75.8M (revenue -23.2% year-over-year).
- 2020: Revenue of $13.6M, expenses of $8.0M, and assets of $68.6M (revenue +9.1% year-over-year).
- 2019: Revenue of $12.5M, expenses of $7.2M, and assets of $61.7M (revenue +33.9% year-over-year).
- 2018: Revenue of $9.3M, expenses of $7.2M, and assets of $60.0M (revenue -15.3% year-over-year).
- 2017: Revenue of $11.0M, expenses of $6.6M, and assets of $54.2M (revenue +90.0% year-over-year).
- 2016: Revenue of $5.8M, expenses of $7.0M, and assets of $47.0M (revenue -42.9% year-over-year).
- 2015: Revenue of $10.1M, expenses of $6.1M, and assets of $50.0M (revenue +104.2% year-over-year).
- 2014: Revenue of $5.0M, expenses of $6.4M, and assets of $47.2M (revenue -25.3% year-over-year).
- 2013: Revenue of $6.6M, expenses of $6.2M, and assets of $47.6M (revenue +15.1% year-over-year).
- 2012: Revenue of $5.8M, expenses of $5.2M, and assets of $45.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland Museum Of Art:
Data Sources and Methodology
This transparency report for Portland Museum Of Art 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.