Rumford Community Home Corporation
Rumford Community Home Corporation: Stable Finances, High Program Spending
EIN: 222844951 · Lewiston, ME · NTEE: E910 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $7.2M |
| Program Spending | 88% |
| Net Assets | $1.8M |
| Transparency Score | 75/100 |
Is Rumford Community Home Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rumford Community Home Corporation directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rumford Community Home Corporation
Rumford Community Home Corporation (EIN: 222844951) is a nonprofit organization based in Lewiston, ME, classified under NTEE code E910. The organization reported total revenue of $5.8M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rumford Community Home Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rumford Community Home Corporation is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $7.2M |
| Surplus / Deficit | $-597,784 |
| Total Assets | $3.9M |
| Total Liabilities | $2.0M |
| Net Assets | $1.8M |
| Operating Margin | -9.0% |
| Debt-to-Asset Ratio | 52.7% |
| Months of Reserves | 6.4 months |
Financial Health Grade: C
In 2023, Rumford Community Home Corporation reported a deficit of $598K with expenses exceeding revenue, holds 6.4 months of operating reserves (strong position), has a debt-to-asset ratio of 52.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rumford Community Home Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.4% | +15.2% | -8.2% |
| 2022 | +3.3% | +17.2% | -19.1% |
| 2021 | +5.5% | +6.0% | +95.1% |
| 2020 | -4.1% | +1.5% | -7.0% |
| 2019 | +7.9% | +3.8% | +26.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Rumford Community Home Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Rumford Community Home Corporation allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 deficit of $598K, with expenses exceeding revenue.
- Debt-to-asset ratio: 52.7%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.
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 Rumford Community Home Corporation:
- Consistent revenue generation over multiple years, with 2023 revenue at $6,634,311.
- Strong program spending, indicating a focus on mission delivery.
- Healthy asset base, with $3,866,327 in assets as of 2023.
Frequently Asked Questions about Rumford Community Home Corporation
Is Rumford Community Home Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rumford Community Home Corporation (EIN: 222844951) appears legitimate. Mission Score: 75/100. 0 red flags identified, 3 strengths noted.
How does Rumford Community Home Corporation spend its money?
Rumford Community Home Corporation directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rumford Community Home Corporation tax-deductible?
Rumford Community Home Corporation is registered as a tax-exempt nonprofit (EIN: 222844951). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rumford Community Home Corporation's spending goes to programs?
Rumford Community Home Corporation directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rumford Community Home Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Rumford Community Home Corporation is above average for NTEE category E910 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rumford Community Home Corporation located?
Rumford Community Home Corporation is headquartered in Lewiston, Maine and files with the IRS under EIN 222844951. It is classified under NTEE code E910.
How many years of IRS 990 filings does Rumford Community Home Corporation have?
Rumford Community Home Corporation 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 $5.8M in total revenue.
What does Rumford Community Home Corporation do?
Rumford Community Home Corporation is a nonprofit organization in the Health Care sector, located in Lewiston, Maine. It is classified under NTEE code E910.
How much revenue does Rumford Community Home Corporation have?
Rumford Community Home Corporation reported total revenue of $5,809,954. Based on 13 IRS 990 filings on record.
What are Rumford Community Home Corporation's total assets?
Rumford Community Home Corporation holds total assets of $2,525,925 as reported in IRS 990 filings.
Where is Rumford Community Home Corporation located?
Rumford Community Home Corporation is based in Lewiston, Maine.
What is Rumford Community Home Corporation's EIN?
Rumford Community Home Corporation's Employer Identification Number (EIN) is 222844951. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Rumford Community Home Corporation?
Rumford Community Home Corporation is classified under NTEE code E910 (Health Care).
Is Rumford Community Home Corporation a registered 501(c)(3)?
Yes, Rumford Community Home Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222844951.
Does Rumford Community Home Corporation file IRS Form 990?
Yes, Rumford Community Home Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Rumford Community Home Corporation's revenue in 2023?
In the 202306 filing period, Rumford Community Home Corporation reported total revenue of $6,634,311, total expenses of $7,232,095, and net assets of $3,866,327.
Is Rumford Community Home Corporation's revenue growing or declining?
Rumford Community Home Corporation's revenue is growing. Revenue went from $5,604,356 (202206) to $6,634,311 (202306), a +18.4% change. Based on 13 filings on record.
What is Rumford Community Home Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Rumford Community Home Corporation covers tax period 202306. It shows revenue of $6,634,311, expenses of $7,232,095, total assets of $3,866,327, and liabilities of $2,038,711.
How much does Rumford Community Home Corporation spend on programs vs administration?
Based on IRS 990 analysis, Rumford Community Home Corporation allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Rumford Community Home Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Rumford Community Home Corporation appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Rumford Community Home Corporation's strengths?
Positive indicators for Rumford Community Home Corporation include: Consistent revenue generation over multiple years, with 2023 revenue at $6,634,311.. Strong program spending, indicating a focus on mission delivery.. Healthy asset base, with $3,866,327 in assets as of 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Rumford Community Home Corporation compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Rumford Community Home Corporation manage to maintain a relatively stable revenue stream despite fluctuations in the broader economic environment?
The consistent revenue, hovering around $5-6 million annually, suggests a stable funding model, likely through a mix of government contracts, grants, and potentially resident fees, which are less susceptible to market volatility.
What is the primary driver behind the significant increase in total expenses from $5,354,991 in 2021 to $7,232,095 in 2023?
The substantial increase in expenses, particularly between 2021 and 2023, could be attributed to expansion of programs, increased operational costs, or inflation, requiring a deeper dive into the functional expense breakdown in the full 990s.
Filing History
IRS 990 filing history for Rumford Community Home Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rumford Community Home Corporation's revenue has grown by 68.9%, moving from $3.9M to $6.6M. Total assets increased by 47.5% over the same period, from $2.6M to $3.9M. Total functional expenses rose by 77.3%, from $4.1M to $7.2M. In its most recent filing year (2023), Rumford Community Home Corporation reported a deficit of $598K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $3.9M in assets (debt-to-asset ratio: 52.7%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $7.2M | $3.9M | $2.0M | — | — |
| 2022 | $5.6M | $6.3M | $4.2M | $2.2M | — | View 990 |
| 2021 | $5.4M | $5.4M | $5.2M | $2.6M | — | — |
| 2020 | $5.1M | $5.1M | $2.7M | $2.9M | — | View 990 |
| 2019 | $5.4M | $5.0M | $2.9M | $2.9M | — | View 990 |
| 2018 | $5.0M | $4.8M | $2.3M | $2.7M | — | View 990 |
| 2017 | $4.8M | $4.6M | $2.0M | $2.6M | — | View 990 |
| 2016 | $4.8M | $4.5M | $1.8M | $2.6M | — | View 990 |
| 2015 | $4.7M | $4.4M | $1.9M | $3.0M | — | View 990 |
| 2014 | $4.2M | $4.2M | $3.0M | $4.4M | — | View 990 |
| 2013 | $3.9M | $4.2M | $2.5M | $3.9M | — | View 990 |
| 2012 | $4.0M | $4.2M | $2.1M | $3.2M | — | View 990 |
| 2011 | $3.9M | $4.1M | $2.6M | $3.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $7.2M, and assets of $3.9M (revenue +18.4% year-over-year).
- 2022: Revenue of $5.6M, expenses of $6.3M, and assets of $4.2M (revenue +3.3% year-over-year).
- 2021: Revenue of $5.4M, expenses of $5.4M, and assets of $5.2M (revenue +5.5% year-over-year).
- 2020: Revenue of $5.1M, expenses of $5.1M, and assets of $2.7M (revenue -4.1% year-over-year).
- 2019: Revenue of $5.4M, expenses of $5.0M, and assets of $2.9M (revenue +7.9% year-over-year).
- 2018: Revenue of $5.0M, expenses of $4.8M, and assets of $2.3M (revenue +3.4% year-over-year).
- 2017: Revenue of $4.8M, expenses of $4.6M, and assets of $2.0M (revenue -0.4% year-over-year).
- 2016: Revenue of $4.8M, expenses of $4.5M, and assets of $1.8M (revenue +2.0% year-over-year).
- 2015: Revenue of $4.7M, expenses of $4.4M, and assets of $1.9M (revenue +13.2% year-over-year).
- 2014: Revenue of $4.2M, expenses of $4.2M, and assets of $3.0M (revenue +6.8% year-over-year).
- 2013: Revenue of $3.9M, expenses of $4.2M, and assets of $2.5M (revenue -1.0% year-over-year).
- 2012: Revenue of $4.0M, expenses of $4.2M, and assets of $2.1M (revenue +0.6% year-over-year).
- 2011: Revenue of $3.9M, expenses of $4.1M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rumford Community Home Corporation:
Data Sources and Methodology
This transparency report for Rumford Community Home Corporation 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.