Recompense Fund
EIN: 844249483 · Chebeague Is, ME · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $325K |
| Total Expenses | $101K |
| Net Assets | $1.3M |
Is Recompense Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Recompense Fund
Recompense Fund (EIN: 844249483) is a nonprofit organization based in Chebeague Is, ME, classified under NTEE code P20. The organization reported total revenue of $325K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Recompense Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Recompense Fund is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -32.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $275K |
| Total Expenses | $101K |
| Surplus / Deficit | +$174K |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | 63.2% |
| Months of Reserves | 154.0 months |
Financial Health Grade: A
In 2023, Recompense Fund reported a surplus of $174K with revenue exceeding expenses, holds 154.0 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Recompense Fund's revenue has declined at a compound annual growth rate (CAGR) of -32.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.3% | +26.9% | +19.3% |
| 2022 | +1.1% | +8.1% | -4.2% |
| 2021 | -79.3% | +5.3% | +23.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Recompense Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Recompense Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $174K, with revenue exceeding expenses.
Frequently Asked Questions about Recompense Fund
Is Recompense Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Recompense Fund (EIN: 844249483) insufficient data. 0 red flags identified, 0 strengths noted.
How does Recompense Fund spend its money?
Detailed spending breakdown data is not yet available for Recompense Fund. Check back for updated IRS 990 analysis.
Are donations to Recompense Fund tax-deductible?
Recompense Fund is registered as a tax-exempt nonprofit (EIN: 844249483). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Recompense Fund located?
Recompense Fund is headquartered in Chebeague Is, Maine and files with the IRS under EIN 844249483. It is classified under NTEE code P20.
How many years of IRS 990 filings does Recompense Fund have?
Recompense Fund has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $325K in total revenue.
Filing History
IRS 990 filing history for Recompense Fund showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Recompense Fund's revenue has declined by 69.7%, moving from $908K to $275K. Total assets increased by 41% over the same period, from $921K to $1.3M. Total functional expenses rose by 44.4%, from $70K to $101K. In its most recent filing year (2023), Recompense Fund reported a surplus of $174K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $275K | $101K | $1.3M | $0 | — | — |
| 2022 | $190K | $80K | $1.1M | $0 | — | View 990 |
| 2021 | $188K | $74K | $1.1M | $0 | — | View 990 |
| 2020 | $908K | $70K | $921K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $275K, expenses of $101K, and assets of $1.3M (revenue +44.3% year-over-year).
- 2022: Revenue of $190K, expenses of $80K, and assets of $1.1M (revenue +1.1% year-over-year).
- 2021: Revenue of $188K, expenses of $74K, and assets of $1.1M (revenue -79.3% year-over-year).
- 2020: Revenue of $908K, expenses of $70K, and assets of $921K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Recompense Fund:
Data Sources and Methodology
This transparency report for Recompense Fund 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.