Skerryvore Foundation Inc
Skerryvore Foundation maintains strong assets with zero officer compensation despite volatile revenue.
EIN: 136114309 · Falmouth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $798K |
| Total Expenses | $37K |
| Program Spending | 90% |
| Net Assets | $1.0M |
| Transparency Score | 85/100 |
Is Skerryvore Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Skerryvore Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skerryvore Foundation Inc
Skerryvore Foundation Inc (EIN: 136114309) is a nonprofit organization based in Falmouth, ME. The organization reported total revenue of $798K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skerryvore Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skerryvore Foundation Inc is a small nonprofit that has been operating for 62 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $137K |
| Total Expenses | $37K |
| Surplus / Deficit | +$100K |
| Total Assets | $1.0M |
| Total Liabilities | $1 |
| Net Assets | $1.0M |
| Operating Margin | 73.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 337.4 months |
Financial Health Grade: A
In 2023, Skerryvore Foundation Inc reported a surplus of $100K with revenue exceeding expenses, holds 337.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Skerryvore Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -139.8% | -49.3% | -14.6% |
| 2021 | -30.1% | +2.1% | -2.0% |
| 2020 | +521.1% | +255.2% | +4.9% |
| 2019 | -71.3% | +47.1% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 Skerryvore Foundation Inc with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Skerryvore Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $100K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization or one with extremely low administrative overhead, which is highly favorable for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Skerryvore Foundation Inc's IRS 990 filings:
- Significant revenue volatility, including negative revenue in 202212 ($-65,187), which could indicate reliance on unpredictable investment returns or non-recurring income.
- Unknown NTEE code, making it difficult to understand the organization's specific mission and programmatic focus.
Strengths
The following positive indicators were identified for Skerryvore Foundation Inc:
- Consistent strong asset base, with assets consistently above $900,000 and reaching $1,096,493 in the latest period, indicating financial stability.
- Zero officer compensation reported across all filings, suggesting highly efficient use of funds and potentially a volunteer-driven leadership.
- Extremely low liabilities (consistently $1), indicating minimal debt and strong financial management.
- Long filing history (10 filings) demonstrates consistent compliance and transparency.
Frequently Asked Questions about Skerryvore Foundation Inc
Is Skerryvore Foundation Inc a legitimate charity?
Skerryvore Foundation Inc (EIN: 136114309) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $798K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Skerryvore Foundation Inc spend its money?
Skerryvore Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Skerryvore Foundation Inc tax-deductible?
Skerryvore Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136114309). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Skerryvore Foundation Inc located?
Skerryvore Foundation Inc is headquartered in Falmouth, Maine and files with the IRS under EIN 136114309.
How many years of IRS 990 filings does Skerryvore Foundation Inc have?
Skerryvore Foundation Inc has 10 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 $798K in total revenue.
Is Skerryvore Foundation Inc. a good charity?
Based on the available data, Skerryvore Foundation Inc. exhibits strong financial health with over $1 million in assets and negligible liabilities. The consistent 0% officer compensation is a significant positive, suggesting efficient use of funds. However, without a clear NTEE code or detailed program expense breakdown, it's difficult to fully assess its programmatic impact.
How does the organization manage its finances given fluctuating revenue?
The organization appears to manage its finances effectively by maintaining a substantial asset base (e.g., $1,096,493 in the latest period) that can absorb revenue fluctuations, including periods of negative revenue like $-65,187 in 202212. This suggests a reliance on investment income or a conservative spending approach.
What is the purpose of Skerryvore Foundation Inc.?
The NTEE code is unknown, making it impossible to determine the specific mission or purpose of Skerryvore Foundation Inc. from the provided data. Further investigation into their public profile or website would be necessary.
Filing History
IRS 990 filing history for Skerryvore Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Skerryvore Foundation Inc's revenue has grown by 330.3%, moving from $32K to $137K. Total assets decreased by 16.4% over the same period, from $1.2M to $1.0M. Total functional expenses fell by 43.3%, from $65K to $37K. In its most recent filing year (2023), Skerryvore Foundation Inc reported a surplus of $100K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $137K | $37K | $1.0M | $1 | — | View 990 |
| 2022 | $-65,187 | $94K | $936K | $1 | — | View 990 |
| 2021 | $164K | $186K | $1.1M | $1 | — | View 990 |
| 2020 | $234K | $182K | $1.1M | $1 | — | View 990 |
| 2019 | $38K | $51K | $1.1M | $1 | — | — |
| 2015 | $131K | $35K | $1.1M | $1 | — | View 990 |
| 2014 | $8K | $68K | $997K | $1 | — | View 990 |
| 2013 | $6K | $88K | $1.1M | $1 | — | View 990 |
| 2012 | $8K | $114K | $1.1M | $1 | — | View 990 |
| 2011 | $32K | $65K | $1.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $137K, expenses of $37K, and assets of $1.0M.
- 2022: Revenue of $-65,187, expenses of $94K, and assets of $936K (revenue -139.8% year-over-year).
- 2021: Revenue of $164K, expenses of $186K, and assets of $1.1M (revenue -30.1% year-over-year).
- 2020: Revenue of $234K, expenses of $182K, and assets of $1.1M (revenue +521.1% year-over-year).
- 2019: Revenue of $38K, expenses of $51K, and assets of $1.1M (revenue -71.3% year-over-year).
- 2015: Revenue of $131K, expenses of $35K, and assets of $1.1M (revenue +1463.1% year-over-year).
- 2014: Revenue of $8K, expenses of $68K, and assets of $997K (revenue +35.2% year-over-year).
- 2013: Revenue of $6K, expenses of $88K, and assets of $1.1M (revenue -19.6% year-over-year).
- 2012: Revenue of $8K, expenses of $114K, and assets of $1.1M (revenue -75.8% year-over-year).
- 2011: Revenue of $32K, expenses of $65K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skerryvore Foundation Inc:
Data Sources and Methodology
This transparency report for Skerryvore Foundation 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.