Portland Professional Firefighters Health And Welfare Foundation
EIN: 863388758 · Portland, ME · NTEE: A03
| Metric | Value |
|---|---|
| Total Revenue | $21K |
| Total Expenses | $9K |
| Net Assets | $187K |
Is Portland Professional Firefighters Health And Welfare Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Portland Professional Firefighters Health And Welfare Foundation
Portland Professional Firefighters Health And Welfare Foundation (EIN: 863388758) is a nonprofit organization based in Portland, ME, classified under NTEE code A03. The organization reported total revenue of $21K and total assets of $212K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland Professional Firefighters Health And Welfare Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland Professional Firefighters Health And Welfare Foundation is a micro nonprofit that has been operating for 2 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -45.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $9K |
| Surplus / Deficit | +$15K |
| Total Assets | $187K |
| Total Liabilities | $1 |
| Net Assets | $187K |
| Operating Margin | 63.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 256.9 months |
Financial Health Grade: A
In 2023, Portland Professional Firefighters Health And Welfare Foundation reported a surplus of $15K with revenue exceeding expenses, holds 256.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Portland Professional Firefighters Health And Welfare Foundation's revenue has declined at a compound annual growth rate (CAGR) of -45.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +388.7% | +5.9% | +10.7% |
| 2022 | -93.9% | +49.6% | +124.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Portland Professional Firefighters Health And Welfare Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Portland Professional Firefighters Health And Welfare Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Portland Professional Firefighters Health And Welfare Foundation
Is Portland Professional Firefighters Health And Welfare Foundation a legitimate charity?
Portland Professional Firefighters Health And Welfare Foundation (EIN: 863388758) is a registered tax-exempt nonprofit based in Maine. It has 3 years of IRS 990 filings on record. Total revenue: $21K. No red flags identified. Financial health grade: A.
How does Portland Professional Firefighters Health And Welfare Foundation spend its money?
Portland Professional Firefighters Health And Welfare Foundation reported $21K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Portland Professional Firefighters Health And Welfare Foundation tax-deductible?
Portland Professional Firefighters Health And Welfare Foundation is registered as a tax-exempt nonprofit (EIN: 863388758). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Portland Professional Firefighters Health And Welfare Foundation located?
Portland Professional Firefighters Health And Welfare Foundation is headquartered in Portland, Maine and files with the IRS under EIN 863388758. It is classified under NTEE code A03.
How many years of IRS 990 filings does Portland Professional Firefighters Health And Welfare Foundation have?
Portland Professional Firefighters Health And Welfare Foundation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $21K in total revenue.
Filing History
IRS 990 filing history for Portland Professional Firefighters Health And Welfare Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Portland Professional Firefighters Health And Welfare Foundation's revenue has declined by 70.2%, moving from $81K to $24K. Total assets increased by 148% over the same period, from $75K to $187K. Total functional expenses rose by 58.4%, from $6K to $9K. In its most recent filing year (2023), Portland Professional Firefighters Health And Welfare Foundation reported a surplus of $15K, with revenue exceeding expenses. The organization holds $1 in liabilities against $187K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $187K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24K | $9K | $187K | $1 | — | — |
| 2022 | $5K | $8K | $169K | $1 | — | — |
| 2021 | $81K | $6K | $75K | $1 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $24K, expenses of $9K, and assets of $187K (revenue +388.7% year-over-year).
- 2022: Revenue of $5K, expenses of $8K, and assets of $169K (revenue -93.9% year-over-year).
- 2021: Revenue of $81K, expenses of $6K, and assets of $75K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland Professional Firefighters Health And Welfare Foundation:
Data Sources and Methodology
This transparency report for Portland Professional Firefighters Health And Welfare Foundation 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.