Spring Point Ledge Light Trust
Spring Point Ledge Light Trust operates with no officer compensation, showing fluctuating revenue and a significant asset reduction between 2013 and 2014.
EIN: 10523776 · S Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $23K |
| Program Spending | 80% |
| Net Assets | $74K |
| Transparency Score | 85/100 |
Is Spring Point Ledge Light Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spring Point Ledge Light Trust directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spring Point Ledge Light Trust
Spring Point Ledge Light Trust (EIN: 10523776) is a nonprofit organization based in S Portland, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spring Point Ledge Light Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spring Point Ledge Light Trust is a micro nonprofit that has been operating for 22 years, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 15.6%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $55K |
| Total Expenses | $23K |
| Surplus / Deficit | +$31K |
| Total Assets | $74K |
| Net Assets | $74K |
| Operating Margin | 57.1% |
| Months of Reserves | 38.1 months |
Financial Health Grade: A
In 2016, Spring Point Ledge Light Trust reported a surplus of $31K with revenue exceeding expenses, holds 38.1 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2011–2016), Spring Point Ledge Light Trust's revenue has grown at a compound annual growth rate (CAGR) of 15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +146.2% | +114.8% | +72.1% |
| 2015 | -1.6% | -53.7% | +35.2% |
| 2014 | -47.8% | -26.7% | -98.5% |
| 2013 | +34.9% | -25.6% | +0.3% |
| 2012 | +20.8% | +6.4% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Spring Point Ledge Light Trust 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Spring Point Ledge Light Trust allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size and mission.
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 Spring Point Ledge Light Trust's IRS 990 filings:
- Significant unexplained asset reduction from $2,103,658 in 2013 to $32,004 in 2014.
- Latest reported period shows $0 revenue and $0 assets, which is inconsistent with historical operations and raises questions about current activity.
Strengths
The following positive indicators were identified for Spring Point Ledge Light Trust:
- Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
- No reported liabilities across all filing periods, suggesting financial stability.
- Historically, the organization has generally managed to cover expenses with revenue, demonstrating operational viability.
Frequently Asked Questions about Spring Point Ledge Light Trust
Is Spring Point Ledge Light Trust a legitimate charity?
Spring Point Ledge Light Trust (EIN: 10523776) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 6 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Spring Point Ledge Light Trust spend its money?
Spring Point Ledge Light Trust directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Spring Point Ledge Light Trust tax-deductible?
Spring Point Ledge Light Trust is registered as a tax-exempt nonprofit (EIN: 10523776). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Spring Point Ledge Light Trust's spending goes to programs?
Spring Point Ledge Light Trust directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Spring Point Ledge Light Trust located?
Spring Point Ledge Light Trust is headquartered in S Portland, Maine and files with the IRS under EIN 10523776.
How many years of IRS 990 filings does Spring Point Ledge Light Trust have?
Spring Point Ledge Light Trust has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the significant drop in assets from over $2 million in 2013 to $32,004 in 2014?
The provided data does not specify the reason for this substantial decrease in assets. It could be due to the sale of a major asset, a transfer of funds, or a reclassification of assets. Further investigation into the detailed 990 forms for those years would be necessary to understand this event.
How does the organization sustain its operations with $0 reported revenue and assets in the latest period?
The latest reported period showing $0 revenue and assets might indicate a reporting lag, a period of dormancy, or that the organization's activities are entirely supported by in-kind donations or a separate entity not reflected in this summary. Historically, the organization has generated revenue to cover expenses.
What are the specific program activities and how are funds allocated to them?
While the NTEE code is unknown, the organization's name suggests a focus on the preservation of the Spring Point Ledge Light. Without detailed program expense breakdowns in the summary data, the specific activities and their funding allocations are not clear.
Filing History
IRS 990 filing history for Spring Point Ledge Light Trust showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Spring Point Ledge Light Trust's revenue has grown by 106.2%, moving from $26K to $55K. Total assets decreased by 96.5% over the same period, from $2.1M to $74K. Total functional expenses fell by 42.3%, from $41K to $23K. In its most recent filing year (2016), Spring Point Ledge Light Trust reported a surplus of $31K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $55K | $23K | $74K | $0 | — | View 990 |
| 2015 | $22K | $11K | $43K | $0 | — | View 990 |
| 2014 | $23K | $24K | $32K | $0 | — | View 990 |
| 2013 | $43K | $32K | $2.1M | $0 | — | View 990 |
| 2012 | $32K | $43K | $2.1M | $0 | — | View 990 |
| 2011 | $26K | $41K | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $55K, expenses of $23K, and assets of $74K (revenue +146.2% year-over-year).
- 2015: Revenue of $22K, expenses of $11K, and assets of $43K (revenue -1.6% year-over-year).
- 2014: Revenue of $23K, expenses of $24K, and assets of $32K (revenue -47.8% year-over-year).
- 2013: Revenue of $43K, expenses of $32K, and assets of $2.1M (revenue +34.9% year-over-year).
- 2012: Revenue of $32K, expenses of $43K, and assets of $2.1M (revenue +20.8% year-over-year).
- 2011: Revenue of $26K, expenses of $41K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spring Point Ledge Light Trust:
Data Sources and Methodology
This transparency report for Spring Point Ledge Light Trust 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.