Raitt Homestead Farm Museum

Raitt Homestead Farm Museum consistently operates at a deficit, drawing down assets over the past decade.

EIN: 10516323 · Eliot, ME · NTEE: A50 · Updated: 2026-03-28

$0Revenue

$0Assets

55/100Mission Score (Fair)

A50

About Raitt Homestead Farm Museum

Raitt Homestead Farm Museum (EIN: 10516323) is a nonprofit organization based in Eliot, ME, classified under NTEE code A50. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raitt Homestead Farm Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Raitt Homestead Farm Museum appears to be a small, community-focused organization with a consistent history of operating at a deficit, as evidenced by its expenses frequently exceeding revenue. For instance, in 2019, expenses were $40,812 against revenues of $16,895, and in 2018, expenses were $26,099 against revenues of $17,131. This trend suggests reliance on accumulated assets or other non-operating income sources to cover costs. The organization's assets have shown a steady decline over the past decade, from $426,902 in 2011 to $310,932 in 2019, indicating that it has been drawing down its reserves. Liabilities have also generally decreased, which is a positive sign, but the overall financial health points to a need for increased revenue generation or reduced spending to achieve sustainability.

Given the available data, specific breakdowns of program, administrative, and fundraising spending are not provided, making a detailed assessment of spending efficiency challenging. However, the consistent operational deficits suggest that the organization may struggle with efficient resource allocation or sufficient fundraising to cover its mission-related activities. The absence of reported officer compensation across all filings indicates a volunteer-led or very lean operational structure, which can be a strength in terms of minimizing overhead but also raises questions about the capacity for growth and professional management. Transparency is moderate, as the filing history is available, but detailed financial statements are not provided in this summary.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Raitt Homestead Farm Museum with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Raitt Homestead Farm Museum allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating a volunteer-led structure or that compensation falls below reporting thresholds, which is common for very small nonprofits.

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 Raitt Homestead Farm Museum's IRS 990 filings:

Consistent operating deficits (e.g., 2019: $16,895 revenue vs. $40,812 expenses)
Declining asset base over the past decade (from $426,902 in 2011 to $310,932 in 2019)
Latest reported revenue and assets are $0, indicating a potential lapse in reporting or significant change in status.

Strengths

The following positive indicators were identified for Raitt Homestead Farm Museum:

No reported officer compensation, indicating efficient use of funds for personnel or volunteer-driven operations.
Consistent filing of IRS 990 forms, demonstrating a commitment to transparency over time.

Frequently Asked Questions about Raitt Homestead Farm Museum

How does Raitt Homestead Farm Museum cover its consistent operating deficits?

The organization appears to cover its operating deficits by drawing down its assets, which have decreased from $426,902 in 2011 to $310,932 in 2019.

What is the long-term sustainability outlook for the museum given its financial trends?

The long-term sustainability is questionable without a significant increase in revenue or reduction in expenses, as the organization has consistently spent more than it earns and is depleting its asset base.

Does the museum rely heavily on volunteers?

The consistent reporting of 0% officer compensation strongly suggests a reliance on volunteers for leadership and operational roles.

Filing History

IRS 990 filing history for Raitt Homestead Farm Museum showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2011–2019), Raitt Homestead Farm Museum's revenue has declined by 70.8%, moving from $58K to $17K. Total assets decreased by 27.2% over the same period, from $427K to $311K. Total functional expenses fell by 31.8%, from $60K to $41K. In its most recent filing year (2019), Raitt Homestead Farm Museum reported a deficit of $24K, with expenses exceeding revenue. The organization holds $26K in liabilities against $311K in assets (debt-to-asset ratio: 8.4%), resulting in net assets of $285K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2019	$17K	$41K	$311K	$26K	—	View 990
2018	$17K	$26K	$339K	$31K	—	View 990
2017	$63K	$43K	$359K	$42K	—	—
2016	$20K	$22K	$363K	$65K	—	View 990
2015	$28K	$42K	$368K	$68K	—	View 990
2014	$39K	$52K	$385K	$71K	—	View 990
2013	$47K	$55K	$402K	$75K	—	View 990
2012	$51K	$66K	$407K	$73K	—	View 990
2011	$58K	$60K	$427K	$77K	—	View 990

Year-by-Year Financial Summary

2019: Revenue of $17K, expenses of $41K, and assets of $311K (revenue -1.4% year-over-year).
2018: Revenue of $17K, expenses of $26K, and assets of $339K (revenue -72.9% year-over-year).
2017: Revenue of $63K, expenses of $43K, and assets of $359K (revenue +217.7% year-over-year).
2016: Revenue of $20K, expenses of $22K, and assets of $363K (revenue -30.1% year-over-year).
2015: Revenue of $28K, expenses of $42K, and assets of $368K (revenue -26.4% year-over-year).
2014: Revenue of $39K, expenses of $52K, and assets of $385K (revenue -17.5% year-over-year).
2013: Revenue of $47K, expenses of $55K, and assets of $402K (revenue -7.5% year-over-year).
2012: Revenue of $51K, expenses of $66K, and assets of $407K (revenue -12.4% year-over-year).
2011: Revenue of $58K, expenses of $60K, and assets of $427K.

Data Sources and Methodology

This transparency report for Raitt Homestead Farm Museum 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.