Portsmouth Pro Musica

Portsmouth Pro Musica shows fluctuating revenues and recent deficits, but maintains zero liabilities and volunteer leadership.

EIN: 20408954 · Kittery, ME · Updated: 2026-03-28

$61KRevenue

$17KAssets

85/100Mission Score (Excellent)

About Portsmouth Pro Musica

Portsmouth Pro Musica (EIN: 20408954) is a nonprofit organization based in Kittery, ME. The organization reported total revenue of $61K and total assets of $17K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portsmouth Pro Musica's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Portsmouth Pro Musica appears to be a small, community-focused arts organization with a relatively stable financial history, though recent trends show some volatility. In the 202108 period, the organization experienced a significant deficit, with expenses of $25,845 exceeding revenue of $16,011, leading to a decrease in assets from $45,010 to $35,176. This contrasts with previous years like 202008 and 201908 where revenues generally covered expenses. The organization consistently reports zero liabilities and zero officer compensation, indicating a volunteer-driven leadership structure and a commitment to directing funds towards its mission rather than administrative overhead or executive salaries.

Given its small scale (latest revenue $61,154) and consistent reporting of no officer compensation, Portsmouth Pro Musica demonstrates a high degree of financial transparency regarding its leadership costs. The absence of liabilities across all reported periods suggests sound financial management and a conservative approach to debt. However, the fluctuating revenue and occasional deficits, such as the one in 202108, suggest a need for consistent fundraising or revenue generation strategies to ensure long-term sustainability. The organization's assets have also seen a decline from a peak of $47,403 in 201708 to $17,126 currently, which warrants attention.

Overall, Portsmouth Pro Musica exhibits strong program focus due to its volunteer leadership and minimal overhead, but its financial health could be strengthened by more consistent revenue streams to avoid deficits and rebuild its asset base. Its transparency is excellent, particularly concerning executive compensation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Portsmouth Pro Musica 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Portsmouth Pro Musica allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all filing periods, indicating a volunteer-led organization. This suggests that all available funds are directed towards programs and operational costs rather than leadership salaries, which is highly commendable for a nonprofit of this 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 Portsmouth Pro Musica's IRS 990 filings:

Significant deficit in 202108 ($9,834 difference between revenue and expenses)
Declining asset base from $47,403 in 201708 to $17,126 currently
Volatile revenue streams, with a sharp drop from $49,903 to $16,011 between 202008 and 202108

Strengths

The following positive indicators were identified for Portsmouth Pro Musica:

Zero reported officer compensation across all filings, indicating volunteer leadership and high program focus
Consistent reporting of zero liabilities, demonstrating sound debt management
Long filing history (11 filings) indicating consistent compliance and operation
Strong program spending ratio due to minimal administrative overhead

Frequently Asked Questions about Portsmouth Pro Musica

Is Portsmouth Pro Musica financially stable?

While the organization has historically managed to cover expenses, the 202108 period showed a significant deficit ($16,011 revenue vs. $25,845 expenses), and assets have declined from $47,403 in 201708 to $17,126 currently. This indicates some financial instability, though the absence of liabilities is a positive sign.

How does Portsmouth Pro Musica manage its administrative costs?

With zero reported officer compensation across all filings, administrative costs are likely very low, primarily covering essential operational expenses. This suggests a highly efficient and volunteer-driven operational model.

What caused the significant drop in revenue in 202108?

The filing data alone does not specify the cause, but revenue dropped from $49,903 in 202008 to $16,011 in 202108. This could be due to reduced donations, fewer performances, or other external factors, and warrants further investigation.

Is the organization transparent about its finances?

Yes, the consistent reporting of zero liabilities and zero officer compensation across all 11 filings demonstrates a high level of transparency, especially regarding leadership costs and debt management.

Filing History

IRS 990 filing history for Portsmouth Pro Musica showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2011–2021), Portsmouth Pro Musica's revenue has declined by 65.2%, moving from $46K to $16K. Total assets increased by 232.9% over the same period, from $11K to $35K. Total functional expenses fell by 44.6%, from $47K to $26K. In its most recent filing year (2021), Portsmouth Pro Musica reported a deficit of $10K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2021	$16K	$26K	$35K	$0	—	—
2020	$50K	$48K	$45K	$0	—	View 990
2019	$51K	$47K	$43K	$0	—	View 990
2018	$55K	$63K	$39K	$0	—	View 990
2017	$49K	$46K	$47K	$0	—	View 990
2016	$62K	$56K	$44K	$0	—	View 990
2015	$59K	$62K	$37K	$0	—	View 990
2014	$71K	$58K	$40K	$0	—	View 990
2013	$61K	$49K	$27K	$0	—	View 990
2012	$53K	$47K	$16K	$0	—	View 990
2011	$46K	$47K	$11K	$0	—	View 990

Year-by-Year Financial Summary

2021: Revenue of $16K, expenses of $26K, and assets of $35K (revenue -67.9% year-over-year).
2020: Revenue of $50K, expenses of $48K, and assets of $45K (revenue -2.6% year-over-year).
2019: Revenue of $51K, expenses of $47K, and assets of $43K (revenue -6.5% year-over-year).
2018: Revenue of $55K, expenses of $63K, and assets of $39K (revenue +11.6% year-over-year).
2017: Revenue of $49K, expenses of $46K, and assets of $47K (revenue -21.4% year-over-year).
2016: Revenue of $62K, expenses of $56K, and assets of $44K (revenue +5.0% year-over-year).
2015: Revenue of $59K, expenses of $62K, and assets of $37K (revenue -15.8% year-over-year).
2014: Revenue of $71K, expenses of $58K, and assets of $40K (revenue +16.8% year-over-year).
2013: Revenue of $61K, expenses of $49K, and assets of $27K (revenue +14.5% year-over-year).
2012: Revenue of $53K, expenses of $47K, and assets of $16K (revenue +14.8% year-over-year).
2011: Revenue of $46K, expenses of $47K, and assets of $11K.

Data Sources and Methodology

This transparency report for Portsmouth Pro Musica 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.