Ragged Mountain Recreation Area Foundation
Ragged Mountain Recreation Area Foundation maintains substantial assets with highly variable revenue and minimal operational expenses.
EIN: 10467644 · Camden, ME · NTEE: N113 · Updated: 2026-03-28
Is Ragged Mountain Recreation Area Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ragged Mountain Recreation Area Foundation directs 98% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ragged Mountain Recreation Area Foundation
Ragged Mountain Recreation Area Foundation (EIN: 10467644) is a nonprofit organization based in Camden, ME, classified under NTEE code N113. The organization reported total revenue of $62K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ragged Mountain Recreation Area Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ragged Mountain Recreation Area 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: 2%
- programs: 98%
- fundraising: 0%
According to IRS 990 filings, Ragged Mountain Recreation Area Foundation allocates its expenses as follows: admin: 2%, programs: 98%, fundraising: 0%. With 98% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of this asset 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.
Strengths
The following positive indicators were identified for Ragged Mountain Recreation Area Foundation:
- Strong asset base ($1,453,824 latest assets) with zero liabilities, indicating financial stability.
- Consistently reports 0% officer compensation, demonstrating high administrative efficiency and volunteer commitment.
- Very high program spending ratio, with expenses often being a minimal fraction of revenue, suggesting resources are directed to mission.
- Clear financial transparency with consistent IRS 990 filings over 13 periods.
- Low ongoing operational expenses, indicating a lean organizational structure.
Frequently Asked Questions about Ragged Mountain Recreation Area Foundation
Is Ragged Mountain Recreation Area Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ragged Mountain Recreation Area Foundation (EIN: 10467644) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Ragged Mountain Recreation Area Foundation spend its money?
Ragged Mountain Recreation Area Foundation directs 98% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ragged Mountain Recreation Area Foundation tax-deductible?
Ragged Mountain Recreation Area Foundation is registered as a tax-exempt nonprofit (EIN: 10467644). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Ragged Mountain Recreation Area Foundation a good charity?
Based on its financial data, the foundation appears to be a very good charity. It maintains a strong asset base ($1,453,824), consistently reports zero liabilities, and has zero officer compensation, indicating high efficiency and a strong commitment to its mission without significant overhead for executive pay. Its program spending is exceptionally high, often representing nearly all expenses.
Why are expenses so low in most years, but very high in others?
The pattern of very low expenses in most years (e.g., $1,189 in 2023) contrasted with extremely high expenses in others (e.g., $2,709,224 in 2014) suggests that the organization primarily incurs significant expenses when undertaking large capital projects or major program initiatives, rather than having high ongoing operational costs. This could be indicative of a project-based operational model.
What is the source of the organization's revenue fluctuations?
The significant fluctuations in revenue, from $19,348 in 2022 to $957,020 in 2016, suggest that the foundation may rely heavily on large, infrequent donations, grants for specific projects, or capital campaigns rather than a consistent stream of smaller contributions. This is common for organizations focused on large-scale recreational area development or maintenance.
How does the organization manage to have zero officer compensation?
The consistent reporting of 0% officer compensation across all filings strongly suggests that the organization is primarily run by volunteers, or that any compensated roles are not classified as 'officers' for IRS 990 purposes, or that compensation falls below the reporting threshold. This is a significant indicator of administrative efficiency and dedication.
Filing History
IRS 990 filing history for Ragged Mountain Recreation Area Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ragged Mountain Recreation Area Foundation's revenue has declined by 64.8%, moving from $371K to $131K. Total assets decreased by 2.4% over the same period, from $1.4M to $1.4M. Total functional expenses fell by 99.2%, from $152K to $1K. In its most recent filing year (2023), Ragged Mountain Recreation Area Foundation reported a surplus of $129K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $131K | $1K | $1.4M | $0 | — | — |
| 2022 | $19K | $1K | $1.3M | $0 | — | View 990 |
| 2021 | $19K | $1K | $1.2M | $0 | — | View 990 |
| 2020 | $23K | $22K | $1.2M | $0 | — | View 990 |
| 2019 | $32K | $3K | $1.2M | $0 | — | View 990 |
| 2018 | $84K | $21K | $1.2M | $0 | — | View 990 |
| 2017 | $147K | $762K | $1.1M | $0 | — | View 990 |
| 2016 | $957K | $556K | $1.8M | $0 | — | View 990 |
| 2015 | $595K | $30K | $1.3M | $0 | — | View 990 |
| 2014 | $623K | $2.7M | $785K | $0 | — | View 990 |
| 2013 | $1.2M | $400K | $2.9M | $0 | — | View 990 |
| 2012 | $745K | $92K | $2.1M | $0 | — | View 990 |
| 2011 | $371K | $152K | $1.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $131K, expenses of $1K, and assets of $1.4M (revenue +575.1% year-over-year).
- 2022: Revenue of $19K, expenses of $1K, and assets of $1.3M (revenue +3.0% year-over-year).
- 2021: Revenue of $19K, expenses of $1K, and assets of $1.2M (revenue -16.5% year-over-year).
- 2020: Revenue of $23K, expenses of $22K, and assets of $1.2M (revenue -30.1% year-over-year).
- 2019: Revenue of $32K, expenses of $3K, and assets of $1.2M (revenue -61.8% year-over-year).
- 2018: Revenue of $84K, expenses of $21K, and assets of $1.2M (revenue -42.5% year-over-year).
- 2017: Revenue of $147K, expenses of $762K, and assets of $1.1M (revenue -84.7% year-over-year).
- 2016: Revenue of $957K, expenses of $556K, and assets of $1.8M (revenue +60.8% year-over-year).
- 2015: Revenue of $595K, expenses of $30K, and assets of $1.3M (revenue -4.5% year-over-year).
- 2014: Revenue of $623K, expenses of $2.7M, and assets of $785K (revenue -47.7% year-over-year).
- 2013: Revenue of $1.2M, expenses of $400K, and assets of $2.9M (revenue +60.0% year-over-year).
- 2012: Revenue of $745K, expenses of $92K, and assets of $2.1M (revenue +100.8% year-over-year).
- 2011: Revenue of $371K, expenses of $152K, and assets of $1.4M.
Data Sources and Methodology
This transparency report for Ragged Mountain Recreation Area 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.