Squirrel Island Preservation Foundation
Squirrel Island Preservation Foundation: Strong Asset Growth, Volatile Revenue
EIN: 222875544 · Portland, ME · NTEE: C340 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $54K |
| Program Spending | 80% |
| Net Assets | $9.0M |
| Transparency Score | 85/100 |
Is Squirrel Island Preservation Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Squirrel Island Preservation Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Squirrel Island Preservation Foundation
Squirrel Island Preservation Foundation (EIN: 222875544) is a nonprofit organization based in Portland, ME, classified under NTEE code C340. The organization reported total revenue of $1.6M and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Squirrel Island Preservation Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Squirrel Island Preservation Foundation 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 -6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $139K |
| Total Expenses | $54K |
| Surplus / Deficit | +$84K |
| Total Assets | $9.0M |
| Net Assets | $9.0M |
| Operating Margin | 60.9% |
| Months of Reserves | 1999.1 months |
Financial Health Grade: A
In 2023, Squirrel Island Preservation Foundation reported a surplus of $84K with revenue exceeding expenses, holds 1999.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Squirrel Island Preservation Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -78.7% | -85.5% | +14.0% |
| 2022 | -43.1% | +89.2% | -15.6% |
| 2021 | +494.2% | -47.9% | +11.6% |
| 2020 | -62.1% | +612.8% | +3.8% |
| 2019 | +41.2% | -82.7% | +16.5% |
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 Squirrel Island Preservation Foundation 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: 80%
- fundraising: 10%
According to IRS 990 filings, Squirrel Island Preservation Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $84K, with revenue exceeding expenses.
Executive Compensation Analysis
Without specific compensation figures for executives, a detailed assessment of executive compensation is not possible; however, the 'c0%' in filings suggests no compensation reported for key employees in those years.
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 Squirrel Island Preservation Foundation's IRS 990 filings:
- Revenue has been highly volatile over the past several years, ranging from $192,683 in 2020 to $1,144,914 in 2021, which could impact long-term program stability.
- The 'x' (expenses) figures show significant fluctuations, for example, $54,276 in 2023 versus $374,156 in 2022, warranting further investigation into operational consistency.
Strengths
The following positive indicators were identified for Squirrel Island Preservation Foundation:
- The organization has demonstrated consistent asset growth, increasing from $6,966,156 in 2018 to $9,742,145 in 2023, indicating strong financial health.
- The 'l0' (liabilities) consistently being zero across all reported years is a significant strength, indicating no debt.
- The organization maintains a substantial asset base relative to its revenue, providing a strong financial cushion.
Frequently Asked Questions about Squirrel Island Preservation Foundation
Is Squirrel Island Preservation Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Squirrel Island Preservation Foundation (EIN: 222875544) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Squirrel Island Preservation Foundation spend its money?
Squirrel Island Preservation Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Squirrel Island Preservation Foundation tax-deductible?
Squirrel Island Preservation Foundation is registered as a tax-exempt nonprofit (EIN: 222875544). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Squirrel Island Preservation Foundation's spending goes to programs?
Squirrel Island Preservation Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Squirrel Island Preservation Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Squirrel Island Preservation Foundation is above average for NTEE category C340 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Squirrel Island Preservation Foundation located?
Squirrel Island Preservation Foundation is headquartered in Portland, Maine and files with the IRS under EIN 222875544. It is classified under NTEE code C340.
How many years of IRS 990 filings does Squirrel Island Preservation Foundation have?
Squirrel Island Preservation Foundation 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 $1.6M in total revenue.
What does Squirrel Island Preservation Foundation do?
Squirrel Island Preservation Foundation is a nonprofit organization in the Environment sector, located in Portland, Maine. It is classified under NTEE code C340.
How much revenue does Squirrel Island Preservation Foundation have?
Squirrel Island Preservation Foundation reported total revenue of $1,644,144. Based on 13 IRS 990 filings on record.
What are Squirrel Island Preservation Foundation's total assets?
Squirrel Island Preservation Foundation holds total assets of $9,742,145 as reported in IRS 990 filings.
Where is Squirrel Island Preservation Foundation located?
Squirrel Island Preservation Foundation is based in Portland, Maine.
What is Squirrel Island Preservation Foundation's EIN?
Squirrel Island Preservation Foundation's Employer Identification Number (EIN) is 222875544. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Squirrel Island Preservation Foundation?
Squirrel Island Preservation Foundation is classified under NTEE code C340 (Environment).
Is Squirrel Island Preservation Foundation a registered 501(c)(3)?
Yes, Squirrel Island Preservation Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222875544.
Does Squirrel Island Preservation Foundation file IRS Form 990?
Yes, Squirrel Island Preservation Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Squirrel Island Preservation Foundation's revenue in 2023?
In the 202312 filing period, Squirrel Island Preservation Foundation reported total revenue of $138,656, total expenses of $54,276, and net assets of $9,042,086.
Is Squirrel Island Preservation Foundation's revenue growing or declining?
Squirrel Island Preservation Foundation's revenue is declining. Revenue went from $651,008 (202212) to $138,656 (202312), a -78.7% change. Based on 13 filings on record.
What is Squirrel Island Preservation Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Squirrel Island Preservation Foundation covers tax period 202312. It shows revenue of $138,656, expenses of $54,276, total assets of $9,042,086, and liabilities of N/A.
How much does Squirrel Island Preservation Foundation spend on programs vs administration?
Based on IRS 990 analysis, Squirrel Island Preservation Foundation allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Squirrel Island Preservation Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Squirrel Island Preservation Foundation appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Squirrel Island Preservation Foundation?
The following concerns were identified: Revenue has been highly volatile over the past several years, ranging from $192,683 in 2020 to $1,144,914 in 2021, which could impact long-term program stability.. The 'x' (expenses) figures show significant fluctuations, for example, $54,276 in 2023 versus $374,156 in 2022, warranting further investigation into operational consistency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Squirrel Island Preservation Foundation's strengths?
Positive indicators for Squirrel Island Preservation Foundation include: The organization has demonstrated consistent asset growth, increasing from $6,966,156 in 2018 to $9,742,145 in 2023, indicating strong financial health.. The 'l0' (liabilities) consistently being zero across all reported years is a significant strength, indicating no debt.. The organization maintains a substantial asset base relative to its revenue, providing a strong financial cushion.. These findings are derived from AI analysis of the organization's financial filings.
How does Squirrel Island Preservation Foundation compensate executives?
Without specific compensation figures for executives, a detailed assessment of executive compensation is not possible; however, the 'c0%' in filings suggests no compensation reported for key employees in those years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' for compensation in all available filings, how does the organization manage its operational leadership and administrative functions without reported executive compensation?
The 'c0%' likely indicates that key employees or officers are either volunteers, compensated through other means not reported in this specific field (e.g., through a related entity), or that the organization's structure does not involve paid executive leadership as typically defined in larger nonprofits. Further investigation into their operational model would be necessary.
What factors contribute to the extreme volatility in annual revenue, such as the drop from $1,144,914 in 2021 to $138,656 in 2023?
Such significant fluctuations in revenue often point to reliance on large, infrequent grants, major fundraising events, or substantial individual donations. Understanding the primary sources of revenue and their predictability is crucial for assessing financial sustainability.
Filing History
IRS 990 filing history for Squirrel Island Preservation Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Squirrel Island Preservation Foundation's revenue has declined by 53.2%, moving from $296K to $139K. Total assets increased by 51.3% over the same period, from $6.0M to $9.0M. Total functional expenses fell by 75.1%, from $218K to $54K. In its most recent filing year (2023), Squirrel Island Preservation Foundation reported a surplus of $84K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $139K | $54K | $9.0M | $0 | — | — |
| 2022 | $651K | $374K | $7.9M | $0 | — | — |
| 2021 | $1.1M | $198K | $9.4M | $0 | — | View 990 |
| 2020 | $193K | $379K | $8.4M | $0 | — | View 990 |
| 2019 | $508K | $53K | $8.1M | $0 | — | View 990 |
| 2018 | $360K | $307K | $7.0M | $0 | — | View 990 |
| 2017 | $245K | $304K | $7.7M | $0 | — | View 990 |
| 2016 | $205K | $276K | $7.0M | $0 | — | View 990 |
| 2015 | $350K | $317K | $6.7M | $0 | — | View 990 |
| 2014 | $659K | $645K | $7.3M | $0 | — | View 990 |
| 2013 | $1.4M | $281K | $7.2M | $0 | — | View 990 |
| 2012 | $662K | $241K | $6.4M | $0 | — | View 990 |
| 2011 | $296K | $218K | $6.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $139K, expenses of $54K, and assets of $9.0M (revenue -78.7% year-over-year).
- 2022: Revenue of $651K, expenses of $374K, and assets of $7.9M (revenue -43.1% year-over-year).
- 2021: Revenue of $1.1M, expenses of $198K, and assets of $9.4M (revenue +494.2% year-over-year).
- 2020: Revenue of $193K, expenses of $379K, and assets of $8.4M (revenue -62.1% year-over-year).
- 2019: Revenue of $508K, expenses of $53K, and assets of $8.1M (revenue +41.2% year-over-year).
- 2018: Revenue of $360K, expenses of $307K, and assets of $7.0M (revenue +47.1% year-over-year).
- 2017: Revenue of $245K, expenses of $304K, and assets of $7.7M (revenue +19.1% year-over-year).
- 2016: Revenue of $205K, expenses of $276K, and assets of $7.0M (revenue -41.2% year-over-year).
- 2015: Revenue of $350K, expenses of $317K, and assets of $6.7M (revenue -47.0% year-over-year).
- 2014: Revenue of $659K, expenses of $645K, and assets of $7.3M (revenue -53.5% year-over-year).
- 2013: Revenue of $1.4M, expenses of $281K, and assets of $7.2M (revenue +113.9% year-over-year).
- 2012: Revenue of $662K, expenses of $241K, and assets of $6.4M (revenue +123.5% year-over-year).
- 2011: Revenue of $296K, expenses of $218K, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Squirrel Island Preservation Foundation:
Data Sources and Methodology
This transparency report for Squirrel Island Preservation Foundation 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.