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
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Raitt Homestead Farm Museum is mapped to EIN 10516323.
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9 stored filing years available.
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70% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Expenses | $41K |
| Program Spending | 70% |
| Net Assets | $285K |
| Transparency Score | 55/100 |
Search Intent Cockpit
Raitt Homestead Farm Museum Form 990, Revenue, CEO Pay, and IRS Filing Signals
Raitt Homestead Farm Museum is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Raitt Homestead Farm Museum in one place.
Form 990 Filing Summary
9 filing years are available, with latest revenue of $17K and expenses of $41K.
Revenue and Expenses
Raitt Homestead Farm Museum reported $17K in revenue and $41K in expenses, a deficit of $24K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
55/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is Raitt Homestead Farm Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $29K (70%) |
Across stored filings, Raitt Homestead Farm Museum shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 9 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Arts & Culture context |
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Request a concise report for Raitt Homestead Farm Museum with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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Raitt Homestead Farm Museum directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
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.
Organization Overview
Raitt Homestead Farm Museum is a micro nonprofit that has been operating for 27 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -14.3%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $41K |
| Surplus / Deficit | $-23,917 |
| Total Assets | $311K |
| Total Liabilities | $26K |
| Net Assets | $285K |
| Operating Margin | -141.6% |
| Debt-to-Asset Ratio | 8.4% |
| Months of Reserves | 91.4 months |
Financial Health Grade: B
In 2019, Raitt Homestead Farm Museum reported a deficit of $24K with expenses exceeding revenue, holds 91.4 months of operating reserves (strong position), has a debt-to-asset ratio of 8.4% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2019), Raitt Homestead Farm Museum's revenue has declined at a compound annual growth rate (CAGR) of -14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -1.4% | +56.4% | -8.4% |
| 2018 | -72.9% | -39.4% | -5.6% |
| 2017 | +217.7% | +95.4% | -0.9% |
| 2016 | -30.1% | -47.6% | -1.4% |
| 2015 | -26.4% | -18.7% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
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 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.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.4%.
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
Is Raitt Homestead Farm Museum a legitimate charity?
Raitt Homestead Farm Museum (EIN: 10516323) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 55/100. It has 9 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Raitt Homestead Farm Museum spend its money?
Raitt Homestead Farm Museum directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Raitt Homestead Farm Museum tax-deductible?
Raitt Homestead Farm Museum is registered as a tax-exempt nonprofit (EIN: 10516323). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Raitt Homestead Farm Museum's spending goes to programs?
Raitt Homestead Farm Museum directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Raitt Homestead Farm Museum compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Raitt Homestead Farm Museum is near average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Raitt Homestead Farm Museum located?
Raitt Homestead Farm Museum is headquartered in Eliot, Maine and files with the IRS under EIN 10516323. It is classified under NTEE code A50.
How many years of IRS 990 filings does Raitt Homestead Farm Museum have?
Raitt Homestead Farm Museum has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raitt Homestead Farm Museum:
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.