Preble Street
Preble Street shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 10418917 · Portland, ME · NTEE: P300 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30.6M |
| Total Expenses | $24.4M |
| Program Spending | 85% |
| Net Assets | $27.8M |
| Transparency Score | 95/100 |
Is Preble Street Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Preble Street directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Preble Street
Preble Street (EIN: 10418917) is a nonprofit organization based in Portland, ME, classified under NTEE code P300. The organization reported total revenue of $30.6M and total assets of $36.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Preble Street's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Preble Street is a large nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28.7M |
| Total Expenses | $24.4M |
| Surplus / Deficit | +$4.3M |
| Total Assets | $36.7M |
| Total Liabilities | $8.9M |
| Net Assets | $27.8M |
| Operating Margin | 14.9% |
| Debt-to-Asset Ratio | 24.3% |
| Months of Reserves | 18.0 months |
Financial Health Grade: A
In 2023, Preble Street reported a surplus of $4.3M with revenue exceeding expenses, holds 18.0 months of operating reserves (strong position), has a debt-to-asset ratio of 24.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Preble Street's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.7% | +6.3% | +15.0% |
| 2022 | +8.5% | +11.2% | +17.4% |
| 2021 | -8.3% | +32.8% | +16.9% |
| 2020 | +101.8% | +23.3% | +84.4% |
| 2019 | -9.6% | -6.1% | -4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Preble Street with a Mission Score of 95 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: 85%
- fundraising: 5%
According to IRS 990 filings, Preble Street allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $4.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.3%.
Executive Compensation Analysis
Preble Street consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and suggests a volunteer-led or exceptionally lean executive structure.
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 Preble Street's IRS 990 filings:
- Unusually low liabilities relative to assets in earlier years, which then increased significantly, warranting further investigation into the nature of these liabilities.
Strengths
The following positive indicators were identified for Preble Street:
- Consistent revenue growth, nearly tripling from 2014 to 2023.
- Significant asset accumulation, indicating strong financial reserves and capacity.
- Remarkable 0% officer compensation reported across all filings, suggesting high efficiency and mission focus.
- Healthy surplus of revenue over expenses in most recent filings, contributing to financial stability.
- Strong NTEE code (P300 - Housing & Shelter) aligns with direct community service.
Frequently Asked Questions about Preble Street
Is Preble Street a legitimate charity?
Based on AI analysis of IRS 990 filings, Preble Street (EIN: 10418917) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Preble Street spend its money?
Preble Street directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Preble Street tax-deductible?
Preble Street is registered as a tax-exempt nonprofit (EIN: 10418917). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Preble Street's spending goes to programs?
Preble Street directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Preble Street compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Preble Street is above average for NTEE category P300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Preble Street located?
Preble Street is headquartered in Portland, Maine and files with the IRS under EIN 10418917. It is classified under NTEE code P300.
How many years of IRS 990 filings does Preble Street have?
Preble Street 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 $30.6M in total revenue.
Is Preble Street a good charity?
Based on the provided IRS 990 data, Preble Street appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, significant asset accumulation, and a remarkable commitment to directing funds towards its mission, as evidenced by 0% reported officer compensation.
How has Preble Street's financial health changed over time?
Preble Street has shown significant financial growth. Revenue increased from $10,973,440 in 2014 to $28,683,069 in 2023, and assets grew from $12,189,894 to $36,664,368 over the same period, indicating robust and sustained financial health.
What is Preble Street's approach to executive compensation?
Preble Street consistently reports 0% officer compensation in all available filings, suggesting a highly unusual and commendable approach where no salaries are paid to its officers, directors, trustees, or key employees.
Filing History
IRS 990 filing history for Preble Street showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Preble Street's revenue has grown by 253.6%, moving from $8.1M to $28.7M. Total assets increased by 366.3% over the same period, from $7.9M to $36.7M. Total functional expenses rose by 184.7%, from $8.6M to $24.4M. In its most recent filing year (2023), Preble Street reported a surplus of $4.3M, with revenue exceeding expenses. The organization holds $8.9M in liabilities against $36.7M in assets (debt-to-asset ratio: 24.3%), resulting in net assets of $27.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28.7M | $24.4M | $36.7M | $8.9M | — | View 990 |
| 2022 | $24.2M | $23.0M | $31.9M | $8.7M | — | View 990 |
| 2021 | $22.3M | $20.7M | $27.2M | $3.9M | — | View 990 |
| 2020 | $24.3M | $15.6M | $23.2M | $2.7M | — | View 990 |
| 2019 | $12.0M | $12.6M | $12.6M | $775K | — | View 990 |
| 2018 | $13.3M | $13.4M | $13.2M | $770K | — | View 990 |
| 2017 | $13.0M | $12.8M | $13.2M | $827K | — | View 990 |
| 2016 | $12.0M | $12.3M | $12.6M | $790K | — | View 990 |
| 2015 | $12.2M | $11.5M | $13.1M | $702K | — | View 990 |
| 2014 | $11.0M | $10.3M | $12.2M | $434K | — | View 990 |
| 2013 | $8.4M | $9.0M | $11.4M | $494K | — | View 990 |
| 2012 | $11.5M | $7.6M | $11.9M | $557K | — | View 990 |
| 2011 | $8.1M | $8.6M | $7.9M | $227K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.7M, expenses of $24.4M, and assets of $36.7M (revenue +18.7% year-over-year).
- 2022: Revenue of $24.2M, expenses of $23.0M, and assets of $31.9M (revenue +8.5% year-over-year).
- 2021: Revenue of $22.3M, expenses of $20.7M, and assets of $27.2M (revenue -8.3% year-over-year).
- 2020: Revenue of $24.3M, expenses of $15.6M, and assets of $23.2M (revenue +101.8% year-over-year).
- 2019: Revenue of $12.0M, expenses of $12.6M, and assets of $12.6M (revenue -9.6% year-over-year).
- 2018: Revenue of $13.3M, expenses of $13.4M, and assets of $13.2M (revenue +2.7% year-over-year).
- 2017: Revenue of $13.0M, expenses of $12.8M, and assets of $13.2M (revenue +7.9% year-over-year).
- 2016: Revenue of $12.0M, expenses of $12.3M, and assets of $12.6M (revenue -1.7% year-over-year).
- 2015: Revenue of $12.2M, expenses of $11.5M, and assets of $13.1M (revenue +11.3% year-over-year).
- 2014: Revenue of $11.0M, expenses of $10.3M, and assets of $12.2M (revenue +30.3% year-over-year).
- 2013: Revenue of $8.4M, expenses of $9.0M, and assets of $11.4M (revenue -26.6% year-over-year).
- 2012: Revenue of $11.5M, expenses of $7.6M, and assets of $11.9M (revenue +41.5% year-over-year).
- 2011: Revenue of $8.1M, expenses of $8.6M, and assets of $7.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Preble Street:
Data Sources and Methodology
This transparency report for Preble Street 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.