Society For Applied Research In Memory And Cognition Inc
Society For Applied Research In Memory And Cognition Inc shows consistent asset growth and no liabilities, with fluctuating but generally positive net income.
EIN: 141786810 · Lewiston, ME · NTEE: H90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $120K |
| Total Expenses | $158K |
| Program Spending | 85% |
| Net Assets | $191K |
| Transparency Score | 85/100 |
Is Society For Applied Research In Memory And Cognition Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Society For Applied Research In Memory And Cognition Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Society For Applied Research In Memory And Cognition Inc
Society For Applied Research In Memory And Cognition Inc (EIN: 141786810) is a nonprofit organization based in Lewiston, ME, classified under NTEE code H90. The organization reported total revenue of $120K and total assets of $250K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society For Applied Research In Memory And Cognition Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Society For Applied Research In Memory And Cognition Inc is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $200K |
| Total Expenses | $158K |
| Surplus / Deficit | +$42K |
| Total Assets | $191K |
| Net Assets | $191K |
| Operating Margin | 21.0% |
| Months of Reserves | 14.5 months |
Financial Health Grade: A
In 2023, Society For Applied Research In Memory And Cognition Inc reported a surplus of $42K with revenue exceeding expenses, holds 14.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Society For Applied Research In Memory And Cognition Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +191.6% | +239.4% | +28.2% |
| 2022 | -24.8% | -21.8% | +17.4% |
| 2021 | +83.4% | +34.4% | +33.3% |
| 2020 | -71.0% | -72.1% | +6.1% |
| 2019 | +130.8% | +328.6% | +16.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
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 Society For Applied Research In Memory And Cognition 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: 85%
- fundraising: 5%
According to IRS 990 filings, Society For Applied Research In Memory And Cognition 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 $42K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based, 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 Society For Applied Research In Memory And Cognition Inc:
- Consistent asset growth, reaching $190,829 in 2023.
- Zero liabilities reported across all filings, indicating strong financial management.
- No officer compensation reported, suggesting a volunteer-driven and efficient leadership.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Generally positive net income in recent years, with revenue exceeding expenses.
Frequently Asked Questions about Society For Applied Research In Memory And Cognition Inc
Is Society For Applied Research In Memory And Cognition Inc a legitimate charity?
Society For Applied Research In Memory And Cognition Inc (EIN: 141786810) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $120K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Society For Applied Research In Memory And Cognition Inc spend its money?
Society For Applied Research In Memory And Cognition Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Society For Applied Research In Memory And Cognition Inc tax-deductible?
Society For Applied Research In Memory And Cognition Inc is registered as a tax-exempt nonprofit (EIN: 141786810). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Society For Applied Research In Memory And Cognition Inc's spending goes to programs?
Society For Applied Research In Memory And Cognition Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Society For Applied Research In Memory And Cognition Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Society For Applied Research In Memory And Cognition Inc is above average for NTEE category H90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Society For Applied Research In Memory And Cognition Inc located?
Society For Applied Research In Memory And Cognition Inc is headquartered in Lewiston, Maine and files with the IRS under EIN 141786810. It is classified under NTEE code H90.
How many years of IRS 990 filings does Society For Applied Research In Memory And Cognition Inc have?
Society For Applied Research In Memory And Cognition 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 $120K in total revenue.
Is Society For Applied Research In Memory And Cognition Inc a good charity?
Based on the available data, the organization appears to be a financially sound and well-managed charity. It consistently grows its assets, maintains zero liabilities, and operates without paid executive compensation, suggesting a strong commitment to its mission and efficient use of resources.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved, with assets growing from $39,531 in 2017 to $190,829 in 2023. Revenue has shown significant fluctuations but generally trends upwards, with a peak in 2023. The consistent absence of liabilities is a strong indicator of financial stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that its executive leadership is entirely volunteer-based. This is a highly efficient model for a nonprofit, as it directs more funds towards its mission.
What is the trend in the organization's revenue and expenses?
Revenue has been volatile, ranging from $25,344 in 2017 to $199,991 in 2023. Expenses generally follow revenue, with the organization typically operating with a surplus, as seen in 2023 where revenue ($199,991) exceeded expenses ($158,065).
Filing History
IRS 990 filing history for Society For Applied Research In Memory And Cognition Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Society For Applied Research In Memory And Cognition Inc's revenue has grown by 48%, moving from $135K to $200K. Total assets increased by 1099.1% over the same period, from $16K to $191K. Total functional expenses rose by 21.7%, from $130K to $158K. In its most recent filing year (2023), Society For Applied Research In Memory And Cognition Inc reported a surplus of $42K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $200K | $158K | $191K | $0 | — | — |
| 2022 | $69K | $47K | $149K | $0 | — | View 990 |
| 2021 | $91K | $60K | $127K | $0 | — | View 990 |
| 2020 | $50K | $44K | $95K | $0 | — | View 990 |
| 2019 | $171K | $159K | $90K | $0 | — | View 990 |
| 2018 | $74K | $37K | $77K | $0 | — | View 990 |
| 2017 | $25K | $74K | $40K | $0 | — | View 990 |
| 2016 | $35K | $22K | $89K | $0 | — | View 990 |
| 2015 | $143K | $125K | $76K | $0 | — | View 990 |
| 2014 | $36K | $22K | $59K | $0 | — | View 990 |
| 2013 | $37K | $30K | $45K | $0 | — | View 990 |
| 2012 | $43K | $21K | $38K | $0 | — | View 990 |
| 2011 | $135K | $130K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $200K, expenses of $158K, and assets of $191K (revenue +191.6% year-over-year).
- 2022: Revenue of $69K, expenses of $47K, and assets of $149K (revenue -24.8% year-over-year).
- 2021: Revenue of $91K, expenses of $60K, and assets of $127K (revenue +83.4% year-over-year).
- 2020: Revenue of $50K, expenses of $44K, and assets of $95K (revenue -71.0% year-over-year).
- 2019: Revenue of $171K, expenses of $159K, and assets of $90K (revenue +130.8% year-over-year).
- 2018: Revenue of $74K, expenses of $37K, and assets of $77K (revenue +193.2% year-over-year).
- 2017: Revenue of $25K, expenses of $74K, and assets of $40K (revenue -26.8% year-over-year).
- 2016: Revenue of $35K, expenses of $22K, and assets of $89K (revenue -75.7% year-over-year).
- 2015: Revenue of $143K, expenses of $125K, and assets of $76K (revenue +292.0% year-over-year).
- 2014: Revenue of $36K, expenses of $22K, and assets of $59K (revenue -1.2% year-over-year).
- 2013: Revenue of $37K, expenses of $30K, and assets of $45K (revenue -14.4% year-over-year).
- 2012: Revenue of $43K, expenses of $21K, and assets of $38K (revenue -68.2% year-over-year).
- 2011: Revenue of $135K, expenses of $130K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Society For Applied Research In Memory And Cognition Inc:
Data Sources and Methodology
This transparency report for Society For Applied Research In Memory And Cognition 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.