Portland Ovations
Portland Ovations reports a deficit in 202306 with increased liabilities, despite consistent 0% officer compensation.
EIN: 10350707 · Portland, ME · NTEE: A600 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $2.6M |
| Program Spending | 80% |
| Net Assets | $2.1M |
| Transparency Score | 85/100 |
Is Portland Ovations Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portland Ovations directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Portland Ovations
Portland Ovations (EIN: 10350707) is a nonprofit organization based in Portland, ME, classified under NTEE code A600. The organization reported total revenue of $3.3M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland Ovations's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland Ovations is a mid-size nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-468,109 |
| Total Assets | $3.7M |
| Total Liabilities | $1.6M |
| Net Assets | $2.1M |
| Operating Margin | -21.5% |
| Debt-to-Asset Ratio | 42.1% |
| Months of Reserves | 16.8 months |
Financial Health Grade: B
In 2023, Portland Ovations reported a deficit of $468K with expenses exceeding revenue, holds 16.8 months of operating reserves (strong position), has a debt-to-asset ratio of 42.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Portland Ovations's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.3% | +30.2% | +31.7% |
| 2022 | +216.4% | +165.7% | +32.4% |
| 2021 | -44.7% | -57.6% | +19.4% |
| 2020 | -28.4% | -24.0% | -3.0% |
| 2019 | -8.6% | -3.6% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
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 Ovations 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, Portland Ovations 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 $468K, with expenses exceeding revenue.
- Debt-to-asset ratio: 42.1%.
Executive Compensation Analysis
Portland Ovations consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers or that officers are uncompensated, which is highly favorable for directing funds to 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 Portland Ovations's IRS 990 filings:
- Significant increase in liabilities from $289,698 to $1,564,298 in the latest fiscal year (202306).
- Operational deficit of $468,109 in the 202306 period (Expenses $2,644,247 vs. Revenue $2,176,138).
Strengths
The following positive indicators were identified for Portland Ovations:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial transparency and efficiency in executive pay.
- Long-term asset growth from $1,398,036 in 201406 to $3,712,705 in 202306, demonstrating financial stability and capacity.
- Stable revenue generation over many years, with fluctuations typical for arts organizations but generally maintaining a healthy base.
Frequently Asked Questions about Portland Ovations
Is Portland Ovations a legitimate charity?
Based on AI analysis of IRS 990 filings, Portland Ovations (EIN: 10350707) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Portland Ovations spend its money?
Portland Ovations directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Portland Ovations tax-deductible?
Portland Ovations is registered as a tax-exempt nonprofit (EIN: 10350707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Portland Ovations's spending goes to programs?
Portland Ovations directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Portland Ovations compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Portland Ovations is above average for NTEE category A600 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Portland Ovations located?
Portland Ovations is headquartered in Portland, Maine and files with the IRS under EIN 10350707. It is classified under NTEE code A600.
How many years of IRS 990 filings does Portland Ovations have?
Portland Ovations 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 $3.3M in total revenue.
Why did liabilities increase so significantly from $289,698 in 202206 to $1,564,298 in 202306?
The substantial increase in liabilities in the latest filing period requires further investigation to understand its nature, such as new debt, deferred revenue, or other obligations.
What caused the deficit of $468,109 in the 202306 period (Expenses $2,644,247 vs. Revenue $2,176,138)?
Understanding the specific factors contributing to the recent operational deficit is crucial for assessing the organization's short-term financial stability and future planning.
How does Portland Ovations manage to operate with 0% officer compensation?
This suggests either a volunteer-led executive team or that key leadership roles are compensated under different classifications, which is a highly efficient use of funds if truly uncompensated.
What is the breakdown of program, administrative, and fundraising expenses in the latest filing?
While the provided data doesn't detail this, a deeper dive into the 990 would clarify the actual allocation of the $2,644,247 in expenses for 202306.
Filing History
IRS 990 filing history for Portland Ovations showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Portland Ovations's revenue has grown by 22%, moving from $1.8M to $2.2M. Total assets increased by 173% over the same period, from $1.4M to $3.7M. Total functional expenses rose by 53.7%, from $1.7M to $2.6M. In its most recent filing year (2023), Portland Ovations reported a deficit of $468K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $3.7M in assets (debt-to-asset ratio: 42.1%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.6M | $3.7M | $1.6M | — | — |
| 2022 | $3.0M | $2.0M | $2.8M | $290K | — | View 990 |
| 2021 | $934K | $764K | $2.1M | $365K | — | View 990 |
| 2020 | $1.7M | $1.8M | $1.8M | $476K | — | View 990 |
| 2019 | $2.4M | $2.4M | $1.8M | $439K | — | View 990 |
| 2018 | $2.6M | $2.5M | $1.8M | $406K | — | View 990 |
| 2017 | $1.9M | $2.0M | $1.8M | $570K | — | View 990 |
| 2016 | $1.9M | $1.8M | $1.6M | $418K | — | View 990 |
| 2015 | $1.6M | $1.6M | $1.5M | $383K | — | View 990 |
| 2014 | $1.7M | $1.7M | $1.4M | $297K | — | View 990 |
| 2013 | $2.0M | $1.9M | $1.4M | $391K | — | View 990 |
| 2012 | $1.6M | $1.7M | $1.3M | $390K | — | View 990 |
| 2011 | $1.8M | $1.7M | $1.4M | $369K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.6M, and assets of $3.7M (revenue -26.3% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.0M, and assets of $2.8M (revenue +216.4% year-over-year).
- 2021: Revenue of $934K, expenses of $764K, and assets of $2.1M (revenue -44.7% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.8M, and assets of $1.8M (revenue -28.4% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.4M, and assets of $1.8M (revenue -8.6% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.5M, and assets of $1.8M (revenue +38.8% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.0M, and assets of $1.8M (revenue -2.3% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.8M, and assets of $1.6M (revenue +17.4% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $1.5M (revenue -3.1% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $1.4M (revenue -15.7% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.9M, and assets of $1.4M (revenue +24.3% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.7M, and assets of $1.3M (revenue -10.5% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.7M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland Ovations:
Data Sources and Methodology
This transparency report for Portland Ovations 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.