River Arts Inc
River Arts Inc consistently operates with a surplus, growing assets to over $100,000 with no officer compensation.
EIN: 10435256 · Damariscotta, ME · NTEE: A610 · Updated: 2026-03-28
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River Arts Inc is mapped to EIN 10435256.
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13 stored filing years available.
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85% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $110K |
| Total Expenses | $81K |
| Program Spending | 85% |
| Net Assets | $108K |
| Transparency Score | 92/100 |
Search Intent Cockpit
River Arts Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
River Arts Inc 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 River Arts Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $104K and expenses of $81K.
Revenue and Expenses
River Arts Inc reported $104K in revenue and $81K in expenses, a surplus 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
92/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is River Arts Inc Legit?
Appears Legitimate
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 | $69K (85%) |
Across stored filings, River Arts Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Arts & Culture context |
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Research Workflow
Turn this Form 990 profile into a donor-ready report
Request a concise report for River Arts Inc 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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River Arts Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About River Arts Inc
River Arts Inc (EIN: 10435256) is a nonprofit organization based in Damariscotta, ME, classified under NTEE code A610. The organization reported total revenue of $110K and total assets of $112K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of River Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
River Arts Inc is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $104K |
| Total Expenses | $81K |
| Surplus / Deficit | +$24K |
| Total Assets | $108K |
| Net Assets | $108K |
| Operating Margin | 22.6% |
| Months of Reserves | 16.1 months |
Financial Health Grade: A
In 2023, River Arts Inc reported a surplus of $24K with revenue exceeding expenses, holds 16.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), River Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.2% | +6.6% | +32.1% |
| 2022 | -11.7% | +0.7% | +15.7% |
| 2021 | +5.7% | -10.5% | +66.0% |
| 2020 | -5.1% | +18.9% | +37.0% |
| 2019 | +17.1% | -19.4% | +9513.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1989 |
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 River Arts Inc with a Mission Score of 92 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, River Arts Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $24K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure or that compensation falls below reporting thresholds, which is highly efficient for a nonprofit of this 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 River Arts Inc:
- Consistent financial surpluses, leading to asset growth.
- Zero reported officer compensation, indicating high efficiency.
- Strong asset accumulation, from $324 in 2018 to $108,334 in 2023.
- Minimal to no liabilities in recent years.
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about River Arts Inc
Is River Arts Inc a legitimate charity?
River Arts Inc (EIN: 10435256) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $110K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does River Arts Inc spend its money?
River Arts Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to River Arts Inc tax-deductible?
River Arts Inc is registered as a tax-exempt nonprofit (EIN: 10435256). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of River Arts Inc's spending goes to programs?
River Arts Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does River Arts Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), River Arts Inc is above average for NTEE category A610 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is River Arts Inc located?
River Arts Inc is headquartered in Damariscotta, Maine and files with the IRS under EIN 10435256. It is classified under NTEE code A610.
How many years of IRS 990 filings does River Arts Inc have?
River Arts Inc has 13 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 $110K in total revenue.
Is River Arts Inc a good charity?
Based on its financial health, efficient operations (no reported officer compensation), and consistent growth in assets, River Arts Inc appears to be a well-managed and effective charity.
How has River Arts Inc's financial health changed over time?
River Arts Inc has shown significant improvement in financial health, moving from minimal assets and some liabilities in 2018 ($324 assets, $1,570 liabilities) to substantial assets ($108,334) and no liabilities in 2023, consistently generating surpluses.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership or that any compensation is extremely minimal and not reportable, which is a strong indicator of efficiency.
Does River Arts Inc have a strong financial reserve?
Yes, with $108,334 in assets and $0 in liabilities as of 2023, the organization has built a strong financial reserve relative to its annual operating budget of approximately $80,000-$100,000.
Filing History
IRS 990 filing history for River Arts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), River Arts Inc's revenue has grown by 26.6%, moving from $83K to $104K. Total assets increased by 310.9% over the same period, from $26K to $108K. Total functional expenses fell by 32.4%, from $120K to $81K. In its most recent filing year (2023), River Arts Inc reported a surplus of $24K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $104K | $81K | $108K | $0 | — | — |
| 2022 | $90K | $76K | $82K | $0 | — | View 990 |
| 2021 | $102K | $75K | $71K | $3K | — | View 990 |
| 2020 | $96K | $84K | $43K | $1K | — | View 990 |
| 2019 | $101K | $71K | $31K | $2K | — | — |
| 2018 | $87K | $88K | $324 | $2K | — | View 990 |
| 2017 | $82K | $80K | $3K | $694 | — | View 990 |
| 2016 | $93K | $88K | $4K | $4K | — | View 990 |
| 2015 | $104K | $104K | $3K | $8K | — | — |
| 2014 | $118K | $115K | $4K | $9K | — | View 990 |
| 2013 | $101K | $114K | $4K | $12K | — | View 990 |
| 2012 | $107K | $127K | $7K | $1K | — | View 990 |
| 2011 | $83K | $120K | $26K | $396 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $104K, expenses of $81K, and assets of $108K (revenue +16.2% year-over-year).
- 2022: Revenue of $90K, expenses of $76K, and assets of $82K (revenue -11.7% year-over-year).
- 2021: Revenue of $102K, expenses of $75K, and assets of $71K (revenue +5.7% year-over-year).
- 2020: Revenue of $96K, expenses of $84K, and assets of $43K (revenue -5.1% year-over-year).
- 2019: Revenue of $101K, expenses of $71K, and assets of $31K (revenue +17.1% year-over-year).
- 2018: Revenue of $87K, expenses of $88K, and assets of $324 (revenue +5.3% year-over-year).
- 2017: Revenue of $82K, expenses of $80K, and assets of $3K (revenue -11.4% year-over-year).
- 2016: Revenue of $93K, expenses of $88K, and assets of $4K (revenue -10.5% year-over-year).
- 2015: Revenue of $104K, expenses of $104K, and assets of $3K (revenue -12.1% year-over-year).
- 2014: Revenue of $118K, expenses of $115K, and assets of $4K (revenue +17.1% year-over-year).
- 2013: Revenue of $101K, expenses of $114K, and assets of $4K (revenue -6.0% year-over-year).
- 2012: Revenue of $107K, expenses of $127K, and assets of $7K (revenue +30.0% year-over-year).
- 2011: Revenue of $83K, expenses of $120K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for River Arts Inc:
Data Sources and Methodology
This transparency report for River Arts Inc 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.