Readfield Union Meeting House Company
Readfield Union Meeting House Company shows strong financial growth and zero officer compensation.
EIN: 10393119 · Readfield, ME · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $186K |
| Total Expenses | $38K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.1M |
| Transparency Score | 95/100 |
Is Readfield Union Meeting House Company Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Readfield Union Meeting House Company directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Readfield Union Meeting House Company
Readfield Union Meeting House Company (EIN: 10393119) is a nonprofit organization based in Readfield, ME, classified under NTEE code A80. The organization reported total revenue of $186K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Readfield Union Meeting House Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Readfield Union Meeting House Company is a small nonprofit that has been operating for 27 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 28.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $722K |
| Total Expenses | $38K |
| Surplus / Deficit | +$684K |
| Total Assets | $1.1M |
| Total Liabilities | $5K |
| Net Assets | $1.1M |
| Operating Margin | 94.7% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 342.2 months |
Financial Health Grade: A
In 2023, Readfield Union Meeting House Company reported a surplus of $684K with revenue exceeding expenses, holds 342.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Readfield Union Meeting House Company's revenue has grown at a compound annual growth rate (CAGR) of 28.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +363.5% | +24.5% | +170.6% |
| 2022 | -15.3% | -51.6% | +45.6% |
| 2021 | +117.5% | +15.9% | +90.0% |
| 2020 | +9.1% | -13.6% | +26.5% |
| 2019 | -0.5% | -41.8% | +14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Readfield Union Meeting House Company with a Mission Score of 95 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: 90%
- fundraising: 5%
According to IRS 990 filings, Readfield Union Meeting House Company allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $684K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filing periods, indicating that the organization is likely run by volunteers or that compensation falls below reporting thresholds, which is highly favorable for an organization of its size and asset base of over $1 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 Readfield Union Meeting House Company:
- Strong financial growth: Assets increased from $99,575 in 2018 to $1,082,883 in 2023.
- Exceptional spending efficiency: Expenses were only $37,975 against $722,376 in revenue in 2023.
- Zero officer compensation: Consistently reported 0% officer compensation across all filings, indicating volunteer leadership or highly efficient use of funds.
- Low liabilities: Liabilities remain minimal, such as $5,000 in 2023, demonstrating strong financial health.
- Consistent revenue generation: While fluctuating, the organization has consistently generated revenue, with a significant spike in 2023.
Frequently Asked Questions about Readfield Union Meeting House Company
Is Readfield Union Meeting House Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Readfield Union Meeting House Company (EIN: 10393119) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Readfield Union Meeting House Company spend its money?
Readfield Union Meeting House Company directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Readfield Union Meeting House Company tax-deductible?
Readfield Union Meeting House Company is registered as a tax-exempt nonprofit (EIN: 10393119). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Readfield Union Meeting House Company CEO make?
Readfield Union Meeting House Company's highest-compensated officer earns $1 annually. The organization reported $186K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Readfield Union Meeting House Company's spending goes to programs?
Readfield Union Meeting House Company directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Readfield Union Meeting House Company compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Readfield Union Meeting House Company is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Readfield Union Meeting House Company located?
Readfield Union Meeting House Company is headquartered in Readfield, Maine and files with the IRS under EIN 10393119. It is classified under NTEE code A80.
How many years of IRS 990 filings does Readfield Union Meeting House Company have?
Readfield Union Meeting House Company has 7 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 $186K in total revenue.
Is Readfield Union Meeting House Company financially stable?
Yes, the organization is highly financially stable, demonstrated by its significant asset growth from $99,575 in 2018 to $1,082,883 in 2023, coupled with minimal liabilities and a substantial revenue surplus in its latest filing ($722,376 revenue vs. $37,975 expenses).
How does Readfield Union Meeting House Company manage its expenses?
The organization manages its expenses very efficiently, with total expenses consistently low relative to its revenue, such as $37,975 in 2023 against $722,376 in revenue. This suggests a lean operational model and effective resource allocation.
Does Readfield Union Meeting House Company pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation for all available periods, indicating that officers are either unpaid volunteers or their compensation is below the reporting threshold.
Filing History
IRS 990 filing history for Readfield Union Meeting House Company showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Readfield Union Meeting House Company's revenue has grown by 359%, moving from $157K to $722K. Total assets increased by 734.7% over the same period, from $130K to $1.1M. Total functional expenses fell by 78.9%, from $180K to $38K. In its most recent filing year (2023), Readfield Union Meeting House Company reported a surplus of $684K, with revenue exceeding expenses. The organization holds $5K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $722K | $38K | $1.1M | $5K | — | — |
| 2022 | $156K | $31K | $400K | $7K | — | View 990 |
| 2021 | $184K | $63K | $275K | $9K | — | View 990 |
| 2020 | $85K | $54K | $145K | $0 | — | — |
| 2019 | $78K | $63K | $114K | $0 | — | View 990 |
| 2018 | $78K | $108K | $100K | $0 | — | View 990 |
| 2017 | $157K | $180K | $130K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $722K, expenses of $38K, and assets of $1.1M (revenue +363.5% year-over-year).
- 2022: Revenue of $156K, expenses of $31K, and assets of $400K (revenue -15.3% year-over-year).
- 2021: Revenue of $184K, expenses of $63K, and assets of $275K (revenue +117.5% year-over-year).
- 2020: Revenue of $85K, expenses of $54K, and assets of $145K (revenue +9.1% year-over-year).
- 2019: Revenue of $78K, expenses of $63K, and assets of $114K (revenue -0.5% year-over-year).
- 2018: Revenue of $78K, expenses of $108K, and assets of $100K (revenue -50.4% year-over-year).
- 2017: Revenue of $157K, expenses of $180K, and assets of $130K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Readfield Union Meeting House Company:
Data Sources and Methodology
This transparency report for Readfield Union Meeting House Company 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.