Portland Widows Wood Society
Portland Widows Wood Society shows strong asset growth and zero liabilities, with significant revenue surpluses in recent years.
EIN: 16001384 · Falmouth, ME · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $368K |
| Total Expenses | $55K |
| Program Spending | 80% |
| Net Assets | $2.3M |
| Transparency Score | 75/100 |
Is Portland Widows Wood Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portland Widows Wood Society directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Portland Widows Wood Society
Portland Widows Wood Society (EIN: 16001384) is a nonprofit organization based in Falmouth, ME, classified under NTEE code P60. The organization reported total revenue of $368K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland Widows Wood Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland Widows Wood Society is a small nonprofit that has been operating for 9 years, with 8 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 45.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $55K |
| Surplus / Deficit | +$1.3M |
| Total Assets | $2.3M |
| Net Assets | $2.3M |
| Operating Margin | 95.8% |
| Months of Reserves | 492.2 months |
Financial Health Grade: A
In 2023, Portland Widows Wood Society reported a surplus of $1.3M with revenue exceeding expenses, holds 492.2 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2011–2023), Portland Widows Wood Society's revenue has grown at a compound annual growth rate (CAGR) of 45.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1175.1% | -1.0% | +167.7% |
| 2022 | +20.2% | +17.6% | +6.0% |
| 2021 | +79.5% | -13.5% | +3.1% |
| 2019 | -7.5% | +0.9% | -0.9% |
| 2018 | -16.4% | +76.8% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
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 Widows Wood Society with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Portland Widows Wood Society allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 surplus of $1.3M, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive compensation is paid, which is highly favorable for donor perception and resource allocation.
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 Widows Wood Society's IRS 990 filings:
- Significant disparity between revenue and expenses, raising questions about program spending efficiency (e.g., 2023: $1,326,700 revenue vs. $55,486 expenses).
- Lack of detailed information on how large revenue surpluses are being utilized or reserved for future programs.
Strengths
The following positive indicators were identified for Portland Widows Wood Society:
- Consistent asset growth, from $568,729 in 2011 to $2,275,939 in 2023, indicating strong financial management.
- Zero reported liabilities across all filings, demonstrating excellent financial stability.
- 0% officer compensation, indicating efficient use of funds and strong commitment to mission over executive pay.
- Strong financial reserves, with assets significantly exceeding annual expenses.
Frequently Asked Questions about Portland Widows Wood Society
Is Portland Widows Wood Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Portland Widows Wood Society (EIN: 16001384) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Portland Widows Wood Society spend its money?
Portland Widows Wood Society directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Portland Widows Wood Society tax-deductible?
Portland Widows Wood Society is registered as a tax-exempt nonprofit (EIN: 16001384). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Portland Widows Wood Society's spending goes to programs?
Portland Widows Wood Society directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Portland Widows Wood Society compare to similar nonprofits?
With a transparency score of 75/100 (Good), Portland Widows Wood Society is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Portland Widows Wood Society located?
Portland Widows Wood Society is headquartered in Falmouth, Maine and files with the IRS under EIN 16001384. It is classified under NTEE code P60.
How many years of IRS 990 filings does Portland Widows Wood Society have?
Portland Widows Wood Society has 8 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 $368K in total revenue.
What are the specific program activities and their associated costs, given the low reported expenses relative to revenue?
The available data shows very low expenses compared to revenue, especially in 2023 ($1,326,700 revenue vs. $55,486 expenses). This suggests either significant accumulation of funds or very low-cost program delivery, requiring more detailed program expense breakdowns to understand impact.
How does the organization plan to utilize its substantial accumulated assets and revenue surpluses?
With assets growing from $568,729 in 2011 to $2,275,939 in 2023 and consistent revenue surpluses, the organization should clearly articulate its strategy for deploying these resources to further its mission.
Are there any plans to increase program spending to align with the organization's financial capacity?
Given the significant financial resources, an increase in program spending could potentially amplify the organization's impact, and it would be beneficial to understand if such plans are in place.
Filing History
IRS 990 filing history for Portland Widows Wood Society showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Portland Widows Wood Society's revenue has grown by 9101.1%, moving from $14K to $1.3M. Total assets increased by 300.2% over the same period, from $569K to $2.3M. Total functional expenses rose by 5.5%, from $53K to $55K. In its most recent filing year (2023), Portland Widows Wood Society reported a surplus of $1.3M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $55K | $2.3M | $0 | — | — |
| 2022 | $104K | $56K | $850K | $0 | — | View 990 |
| 2021 | $87K | $48K | $802K | $0 | — | View 990 |
| 2019 | $48K | $55K | $778K | $0 | — | — |
| 2018 | $52K | $55K | $785K | $0 | — | View 990 |
| 2017 | $62K | $31K | $787K | $0 | — | View 990 |
| 2016 | $181K | $19K | $756K | $0 | — | View 990 |
| 2011 | $14K | $53K | $569K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $55K, and assets of $2.3M (revenue +1175.1% year-over-year).
- 2022: Revenue of $104K, expenses of $56K, and assets of $850K (revenue +20.2% year-over-year).
- 2021: Revenue of $87K, expenses of $48K, and assets of $802K (revenue +79.5% year-over-year).
- 2019: Revenue of $48K, expenses of $55K, and assets of $778K (revenue -7.5% year-over-year).
- 2018: Revenue of $52K, expenses of $55K, and assets of $785K (revenue -16.4% year-over-year).
- 2017: Revenue of $62K, expenses of $31K, and assets of $787K (revenue -65.6% year-over-year).
- 2016: Revenue of $181K, expenses of $19K, and assets of $756K (revenue +1157.0% year-over-year).
- 2011: Revenue of $14K, expenses of $53K, and assets of $569K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland Widows Wood Society:
Data Sources and Methodology
This transparency report for Portland Widows Wood 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.