Presumpscot Regional Land Trust Inc
Presumpscot Regional Land Trust experiences significant revenue and asset growth with no reported officer compensation.
EIN: 10426268 · Gorham, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $516K |
| Total Expenses | $423K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.3M |
| Transparency Score | 92/100 |
Is Presumpscot Regional Land Trust Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Presumpscot Regional Land Trust Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Presumpscot Regional Land Trust Inc
Presumpscot Regional Land Trust Inc (EIN: 10426268) is a nonprofit organization based in Gorham, ME. The organization reported total revenue of $516K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Presumpscot Regional Land Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Presumpscot Regional Land Trust Inc is a small nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 23.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $423K |
| Surplus / Deficit | +$1.3M |
| Total Assets | $3.3M |
| Total Liabilities | $23K |
| Net Assets | $3.3M |
| Operating Margin | 75.7% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 93.5 months |
Financial Health Grade: A
In 2024, Presumpscot Regional Land Trust Inc reported a surplus of $1.3M with revenue exceeding expenses, holds 93.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Presumpscot Regional Land Trust Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +168.3% | +24.3% | +68.0% |
| 2023 | +42.7% | +65.9% | +19.8% |
| 2022 | +82.7% | +8.7% | +15.4% |
| 2021 | -53.8% | -2.8% | +9.2% |
| 2020 | +193.8% | +16.9% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Presumpscot Regional Land Trust Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Presumpscot Regional Land Trust Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with growing revenue and assets exceeding $3 million. This suggests either a fully volunteer-led executive team or compensation structured in a way not reported as officer compensation on the 990, warranting further inquiry for complete transparency.
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 Presumpscot Regional Land Trust Inc's IRS 990 filings:
- Lack of reported officer compensation, which is unusual for an organization of this size and growth, potentially obscuring full compensation details.
Strengths
The following positive indicators were identified for Presumpscot Regional Land Trust Inc:
- Exceptional revenue growth, increasing from $76,832 in 2015 to $1,739,265 in 2024, indicating strong donor support.
- Significant asset growth, from $196,413 in 2015 to $3,292,030 in 2024, likely reflecting successful land acquisition and stewardship.
- Consistently low liabilities relative to assets, indicating strong financial stability and prudent management.
- Expenses consistently well below revenue, allowing for substantial reinvestment into its mission or asset building.
- Strong program focus, implied by the nature of a land trust and significant asset growth in land holdings.
Frequently Asked Questions about Presumpscot Regional Land Trust Inc
Is Presumpscot Regional Land Trust Inc a legitimate charity?
Presumpscot Regional Land Trust Inc (EIN: 10426268) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $516K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Presumpscot Regional Land Trust Inc spend its money?
Presumpscot Regional Land Trust Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Presumpscot Regional Land Trust Inc tax-deductible?
Presumpscot Regional Land Trust Inc is registered as a tax-exempt nonprofit (EIN: 10426268). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Presumpscot Regional Land Trust Inc CEO make?
Presumpscot Regional Land Trust Inc's highest-compensated officer earns $3 annually. The organization reported $516K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Presumpscot Regional Land Trust Inc's spending goes to programs?
Presumpscot Regional Land Trust Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Presumpscot Regional Land Trust Inc located?
Presumpscot Regional Land Trust Inc is headquartered in Gorham, Maine and files with the IRS under EIN 10426268.
How many years of IRS 990 filings does Presumpscot Regional Land Trust Inc have?
Presumpscot Regional Land Trust Inc has 14 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 $516K in total revenue.
How does Presumpscot Regional Land Trust Inc manage executive leadership without reported officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could indicate a fully volunteer executive team, or that executive compensation is categorized differently within the expense structure, such as through a management fee to another entity or as general salaries not specifically attributed to 'officers'.
What is the primary driver of the significant asset growth from $196,413 in 2015 to $3,292,030 in 2024?
As a land trust, it is highly probable that a substantial portion of this asset growth is due to the acquisition of land and conservation easements, which directly aligns with its mission of land preservation.
Is the recent spike in revenue in 2024 ($1,739,265) sustainable, or was it a one-time event?
While the 2024 revenue is significantly higher than previous years, it's difficult to determine sustainability from the provided data alone. It could be due to a major grant, a large individual donation, or a successful capital campaign. Continued monitoring of future filings would clarify this trend.
Filing History
IRS 990 filing history for Presumpscot Regional Land Trust Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Presumpscot Regional Land Trust Inc's revenue has grown by 1460.4%, moving from $111K to $1.7M. Total assets increased by 4036% over the same period, from $80K to $3.3M. Total functional expenses rose by 188.5%, from $147K to $423K. In its most recent filing year (2024), Presumpscot Regional Land Trust Inc reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $23K in liabilities against $3.3M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $423K | $3.3M | $23K | — | View 990 |
| 2023 | $648K | $340K | $2.0M | $18K | — | View 990 |
| 2022 | $454K | $205K | $1.6M | $11K | — | View 990 |
| 2021 | $249K | $189K | $1.4M | $10K | — | View 990 |
| 2020 | $538K | $194K | $1.3M | $9K | — | View 990 |
| 2019 | $183K | $166K | $1.2M | $5K | — | View 990 |
| 2018 | $116K | $70K | $1.2M | $2K | — | View 990 |
| 2017 | $204K | $121K | $1.2M | $1K | — | View 990 |
| 2016 | $271K | $92K | $1.1M | $2K | — | View 990 |
| 2015 | $77K | $58K | $196K | $1K | — | View 990 |
| 2014 | $199K | $66K | $180K | $1K | — | View 990 |
| 2013 | $48K | $73K | $49K | $2K | — | View 990 |
| 2012 | $92K | $92K | $73K | $1K | — | View 990 |
| 2011 | $111K | $147K | $80K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.7M, expenses of $423K, and assets of $3.3M (revenue +168.3% year-over-year).
- 2023: Revenue of $648K, expenses of $340K, and assets of $2.0M (revenue +42.7% year-over-year).
- 2022: Revenue of $454K, expenses of $205K, and assets of $1.6M (revenue +82.7% year-over-year).
- 2021: Revenue of $249K, expenses of $189K, and assets of $1.4M (revenue -53.8% year-over-year).
- 2020: Revenue of $538K, expenses of $194K, and assets of $1.3M (revenue +193.8% year-over-year).
- 2019: Revenue of $183K, expenses of $166K, and assets of $1.2M (revenue +58.5% year-over-year).
- 2018: Revenue of $116K, expenses of $70K, and assets of $1.2M (revenue -43.4% year-over-year).
- 2017: Revenue of $204K, expenses of $121K, and assets of $1.2M (revenue -24.7% year-over-year).
- 2016: Revenue of $271K, expenses of $92K, and assets of $1.1M (revenue +253.1% year-over-year).
- 2015: Revenue of $77K, expenses of $58K, and assets of $196K (revenue -61.3% year-over-year).
- 2014: Revenue of $199K, expenses of $66K, and assets of $180K (revenue +318.0% year-over-year).
- 2013: Revenue of $48K, expenses of $73K, and assets of $49K (revenue -48.1% year-over-year).
- 2012: Revenue of $92K, expenses of $92K, and assets of $73K (revenue -17.9% year-over-year).
- 2011: Revenue of $111K, expenses of $147K, and assets of $80K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Presumpscot Regional Land Trust Inc:
Data Sources and Methodology
This transparency report for Presumpscot Regional Land Trust Inc 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.