Portland Seamens Friend Society
Portland Seamens Friend Society faces recurring deficits and declining assets.
EIN: 10211545 · Windham, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $89K |
| Total Expenses | $78K |
| Program Spending | 70% |
| Net Assets | $132K |
| Transparency Score | 65/100 |
Is Portland Seamens Friend Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portland Seamens Friend Society directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Portland Seamens Friend Society
Portland Seamens Friend Society (EIN: 10211545) is a nonprofit organization based in Windham, ME. The organization reported total revenue of $89K and total assets of $131K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland Seamens Friend Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland Seamens Friend Society is a micro nonprofit that has been operating for 76 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $78K |
| Surplus / Deficit | $-33,443 |
| Total Assets | $133K |
| Total Liabilities | $260 |
| Net Assets | $132K |
| Operating Margin | -74.4% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 20.3 months |
Financial Health Grade: B
In 2023, Portland Seamens Friend Society reported a deficit of $33K with expenses exceeding revenue, holds 20.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Portland Seamens Friend Society's revenue has declined at a compound annual growth rate (CAGR) of -3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.8% | -12.5% | -20.3% |
| 2022 | -29.7% | +20.1% | -7.3% |
| 2021 | +54.4% | -3.7% | +22.6% |
| 2020 | +4.2% | -7.3% | -4.9% |
| 2019 | -1.8% | +10.3% | -11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 1950 |
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 Seamens Friend Society with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Portland Seamens Friend Society allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly commendable for an 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.
Red Flags
The following concerns were identified during AI analysis of Portland Seamens Friend Society's IRS 990 filings:
- Recurring operational deficits (e.g., $33,443 deficit in 202312, $13,668 deficit in 202212).
- Declining asset base (from $179,565 in 202112 to $132,714 in 202312).
Strengths
The following positive indicators were identified for Portland Seamens Friend Society:
- No executive compensation reported across all filings (0% officer comp).
- Consistently low liabilities (e.g., $260 in 202312, $610 in 202212), indicating good debt management.
Frequently Asked Questions about Portland Seamens Friend Society
Is Portland Seamens Friend Society a legitimate charity?
Portland Seamens Friend Society (EIN: 10211545) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $89K. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Portland Seamens Friend Society spend its money?
Portland Seamens Friend Society directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Portland Seamens Friend Society tax-deductible?
Portland Seamens Friend Society is registered as a tax-exempt nonprofit (EIN: 10211545). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Portland Seamens Friend Society's spending goes to programs?
Portland Seamens Friend Society directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Portland Seamens Friend Society located?
Portland Seamens Friend Society is headquartered in Windham, Maine and files with the IRS under EIN 10211545.
How many years of IRS 990 filings does Portland Seamens Friend Society have?
Portland Seamens Friend Society 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 $89K in total revenue.
Is Portland Seamens Friend Society financially sustainable given recent deficits?
The organization has experienced several years where expenses exceeded revenue, such as in 202312 ($78,408 expenses vs. $44,965 revenue) and 202212 ($89,650 expenses vs. $75,982 revenue). This trend has led to a decrease in assets from $179,565 in 202112 to $132,714 in 202312, raising concerns about long-term financial sustainability if not reversed.
What is the primary cause of the declining asset base?
The declining asset base appears to be primarily due to the organization consistently spending more than it earns in several recent fiscal periods. For example, in 202312, the deficit was over $33,000, and in 202212, it was nearly $14,000, which would necessitate drawing from existing assets.
How does the organization manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization likely relies on volunteer leadership or very minimal, non-compensated roles for its executive functions, which is a significant strength in terms of resource allocation.
Filing History
IRS 990 filing history for Portland Seamens Friend Society showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Portland Seamens Friend Society's revenue has declined by 36.1%, moving from $70K to $45K. Total assets decreased by 22.9% over the same period, from $172K to $133K. Total functional expenses rose by 0.9%, from $78K to $78K. In its most recent filing year (2023), Portland Seamens Friend Society reported a deficit of $33K, with expenses exceeding revenue. The organization holds $260 in liabilities against $133K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $132K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45K | $78K | $133K | $260 | — | — |
| 2022 | $76K | $90K | $167K | $610 | — | View 990 |
| 2021 | $108K | $75K | $180K | $1 | — | View 990 |
| 2020 | $70K | $78K | $146K | $310 | — | — |
| 2019 | $67K | $84K | $154K | $310 | — | — |
| 2015 | $68K | $76K | $174K | $287 | — | View 990 |
| 2014 | $104K | $86K | $182K | $1K | — | View 990 |
| 2013 | $82K | $82K | $164K | $903 | — | View 990 |
| 2012 | $60K | $68K | $164K | $551 | — | View 990 |
| 2011 | $70K | $78K | $172K | $478 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45K, expenses of $78K, and assets of $133K (revenue -40.8% year-over-year).
- 2022: Revenue of $76K, expenses of $90K, and assets of $167K (revenue -29.7% year-over-year).
- 2021: Revenue of $108K, expenses of $75K, and assets of $180K (revenue +54.4% year-over-year).
- 2020: Revenue of $70K, expenses of $78K, and assets of $146K (revenue +4.2% year-over-year).
- 2019: Revenue of $67K, expenses of $84K, and assets of $154K (revenue -1.8% year-over-year).
- 2015: Revenue of $68K, expenses of $76K, and assets of $174K (revenue -34.4% year-over-year).
- 2014: Revenue of $104K, expenses of $86K, and assets of $182K (revenue +27.8% year-over-year).
- 2013: Revenue of $82K, expenses of $82K, and assets of $164K (revenue +35.8% year-over-year).
- 2012: Revenue of $60K, expenses of $68K, and assets of $164K (revenue -14.5% year-over-year).
- 2011: Revenue of $70K, expenses of $78K, and assets of $172K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland Seamens Friend Society:
Data Sources and Methodology
This transparency report for Portland Seamens Friend 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.