Quimby Family Foundation
Quimby Family Foundation maintains strong asset base with zero executive compensation, focusing on grantmaking.
EIN: 200041017 · Portland, ME · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $1.5M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $21.9M |
| Transparency Score | 90/100 |
Is Quimby Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Quimby Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Quimby Family Foundation
Quimby Family Foundation (EIN: 200041017) is a nonprofit organization based in Portland, ME, classified under NTEE code T20. The organization reported total revenue of $5.1M and total assets of $21.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quimby Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quimby Family Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $552K |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-962,568 |
| Total Assets | $21.9M |
| Total Liabilities | $1 |
| Net Assets | $21.9M |
| Operating Margin | -174.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 173.7 months |
Financial Health Grade: B
In 2023, Quimby Family Foundation reported a deficit of $963K with expenses exceeding revenue, holds 173.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Quimby Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -90.3% | +15.6% | -4.2% |
| 2022 | +337.6% | -23.0% | +23.1% |
| 2021 | +46.5% | +16.2% | -1.7% |
| 2020 | -10.8% | -10.5% | -3.0% |
| 2019 | -15.0% | +-0.0% | -7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Quimby Family Foundation with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Quimby Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 deficit of $963K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of its size with assets over $20 million.
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.
Strengths
The following positive indicators were identified for Quimby Family Foundation:
- Zero executive compensation, indicating high efficiency and direct program focus.
- Strong and stable asset base, consistently over $20 million, ensuring long-term sustainability.
- Minimal liabilities, suggesting sound financial management and low debt.
- Consistent filing history, demonstrating transparency and accountability.
- As a grantmaking foundation, the majority of expenses are inherently program-related.
Frequently Asked Questions about Quimby Family Foundation
Is Quimby Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Quimby Family Foundation (EIN: 200041017) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Quimby Family Foundation spend its money?
Quimby Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Quimby Family Foundation tax-deductible?
Quimby Family Foundation is registered as a tax-exempt nonprofit (EIN: 200041017). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Quimby Family Foundation CEO make?
Quimby Family Foundation's highest-compensated officer earns $20 annually. The organization reported $5.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Quimby Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Quimby Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Quimby Family Foundation located?
Quimby Family Foundation is headquartered in Portland, Maine and files with the IRS under EIN 200041017. It is classified under NTEE code T20.
How many years of IRS 990 filings does Quimby Family Foundation have?
Quimby Family Foundation 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 $5.1M in total revenue.
Is the Quimby Family Foundation a good charity?
Based on the available IRS 990 data, the Quimby Family Foundation appears to be a very good charity. It maintains a strong asset base, consistently reports zero executive compensation, and has minimal liabilities, all of which suggest efficient use of funds primarily for its grantmaking mission.
How does the foundation manage its administrative costs?
The foundation manages administrative costs exceptionally well, primarily by reporting 0% officer compensation. This indicates that a significant potential administrative expense is absent, allowing more funds to be directed towards its programs.
What is the financial stability of the Quimby Family Foundation?
The Quimby Family Foundation demonstrates strong financial stability, with assets consistently above $17 million and often exceeding $20 million over the past decade. Minimal liabilities further contribute to its robust financial health.
Filing History
IRS 990 filing history for Quimby Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Quimby Family Foundation's revenue has declined by 41%, moving from $936K to $552K. Total assets increased by 28.5% over the same period, from $17.1M to $21.9M. Total functional expenses fell by 3.2%, from $1.6M to $1.5M. In its most recent filing year (2023), Quimby Family Foundation reported a deficit of $963K, with expenses exceeding revenue. The organization holds $1 in liabilities against $21.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $21.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $552K | $1.5M | $21.9M | $1 | — | — |
| 2022 | $5.7M | $1.3M | $22.9M | $1 | — | View 990 |
| 2021 | $1.3M | $1.7M | $18.6M | $80K | — | View 990 |
| 2020 | $886K | $1.5M | $18.9M | $1 | — | View 990 |
| 2019 | $993K | $1.6M | $19.5M | $1 | — | View 990 |
| 2015 | $1.2M | $1.6M | $21.0M | $1 | — | View 990 |
| 2014 | $1.6M | $2.2M | $21.5M | $1 | — | View 990 |
| 2013 | $2.4M | $1.5M | $22.1M | $1 | — | View 990 |
| 2012 | $6.0M | $1.7M | $21.3M | $1 | — | View 990 |
| 2011 | $936K | $1.6M | $17.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $552K, expenses of $1.5M, and assets of $21.9M (revenue -90.3% year-over-year).
- 2022: Revenue of $5.7M, expenses of $1.3M, and assets of $22.9M (revenue +337.6% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.7M, and assets of $18.6M (revenue +46.5% year-over-year).
- 2020: Revenue of $886K, expenses of $1.5M, and assets of $18.9M (revenue -10.8% year-over-year).
- 2019: Revenue of $993K, expenses of $1.6M, and assets of $19.5M (revenue -15.0% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.6M, and assets of $21.0M (revenue -26.4% year-over-year).
- 2014: Revenue of $1.6M, expenses of $2.2M, and assets of $21.5M (revenue -33.0% year-over-year).
- 2013: Revenue of $2.4M, expenses of $1.5M, and assets of $22.1M (revenue -60.3% year-over-year).
- 2012: Revenue of $6.0M, expenses of $1.7M, and assets of $21.3M (revenue +538.7% year-over-year).
- 2011: Revenue of $936K, expenses of $1.6M, and assets of $17.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quimby Family Foundation:
Data Sources and Methodology
This transparency report for Quimby Family Foundation 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.