St Anthonys Monastery Association Inc

St Anthonys Monastery Association Inc's revenue has collapsed from over $1 million to under $1,000 annually since 2019, operating at a significant loss.

EIN: 10544705 · Kennebunk, ME · NTEE: X11 · Updated: 2026-03-28

$771Revenue

$107KAssets

35/100Mission Score (Poor)

X11

About St Anthonys Monastery Association Inc

St Anthonys Monastery Association Inc (EIN: 10544705) is a nonprofit organization based in Kennebunk, ME, classified under NTEE code X11. The organization reported total revenue of $771 and total assets of $107K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Anthonys Monastery Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

St Anthonys Monastery Association Inc's financial health has seen a dramatic shift. From 2014 to 2019, the organization consistently reported over $1 million in annual revenue and expenses, indicating significant operational activity. However, starting in 2020, revenue plummeted to double-digit figures, with the latest reported revenue for 2023 at just $102, while expenses, though also significantly reduced, still outstripped revenue, leading to a consistent net loss. This trend suggests a substantial scaling down or cessation of previous activities, raising concerns about its long-term viability given the current financial trajectory.

The organization's spending efficiency is difficult to assess with the provided data, as a detailed breakdown of program, administrative, and fundraising expenses is not available for the recent periods. However, the consistent negative net income, where expenses ($3,536 in 2023) far exceed revenue ($102 in 2023), indicates an unsustainable financial model in its current state. The organization has maintained zero officer compensation throughout its filing history, which is a positive sign for resource allocation away from executive pay.

Transparency appears to be adequate in terms of filing IRS Form 990s consistently. However, the drastic change in financial scale without clear explanations in the provided data raises questions about the reasons behind this operational shift. The consistent reporting of zero liabilities in recent years (2021-2023) is a positive indicator of financial stability in that regard, despite the revenue decline. The organization's assets have also steadily decreased from a high of $239,615 in 2018 to $108,422 in 2023, reflecting the ongoing financial challenges.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates St Anthonys Monastery Association Inc with a Mission Score of 35 out of 100 (Poor). 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: 75%
fundraising: 10%

According to IRS 990 filings, St Anthonys Monastery Association Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% of expenses across all available filings, indicating that no officer salaries are paid, which is highly unusual for an organization that previously managed over $1 million in annual operations.

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 St Anthonys Monastery Association Inc's IRS 990 filings:

Dramatic and sustained decline in revenue (from $1.4M to $102) since 2019.
Consistent operating at a significant net loss, with expenses far exceeding revenue in recent years (e.g., $3,536 expenses vs. $102 revenue in 2023).
Steady depletion of assets (from $239,615 in 2018 to $108,422 in 2023) to cover operational deficits.
Lack of clear explanation for the drastic change in operational scale and financial health.

Strengths

The following positive indicators were identified for St Anthonys Monastery Association Inc:

Consistent filing of IRS Form 990s, indicating compliance with reporting requirements.
Zero officer compensation reported across all available filings, suggesting resources are not being diverted to executive pay.
No reported liabilities in recent years (2021-2023), indicating a debt-free status.

Frequently Asked Questions about St Anthonys Monastery Association Inc

What caused the dramatic decline in revenue and operational scale after 2019?

The provided data does not specify the reason for the sudden and drastic drop in revenue from $1,466,065 in 2019 to $78 in 2020, and subsequent years remaining at minimal levels. This suggests a fundamental change in the organization's activities or funding sources.

How is the organization covering its expenses with such low revenue?

With revenue of $102 and expenses of $3,536 in 2023, the organization is operating at a significant deficit. This gap is likely being covered by drawing down existing assets, which have decreased from $136,425 in 2019 to $108,422 in 2023.

What are the current programs or activities of St Anthonys Monastery Association Inc?

Given the minimal revenue and expenses in recent years, it is unclear what specific programs or activities the organization is currently undertaking. The NTEE code X11 (Religious Organizations) is broad, and the financial data suggests a very limited operational scope now.

Filing History

IRS 990 filing history for St Anthonys Monastery Association Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), St Anthonys Monastery Association Inc's revenue has declined by 100%, moving from $968K to $102. Total assets decreased by 16.6% over the same period, from $130K to $108K. Total functional expenses fell by 99.6%, from $922K to $4K. In its most recent filing year (2023), St Anthonys Monastery Association Inc reported a deficit of $3K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$102	$4K	$108K	$0	—	—
2022	$41	$4K	$112K	$0	—	View 990
2021	$12	$8K	$116K	$0	—	View 990
2020	$78	$14K	$123K	$0	—	View 990
2019	$1.5M	$1.5M	$136K	$2K	—	View 990
2018	$1.5M	$1.4M	$240K	$102K	—	View 990
2017	$1.4M	$1.4M	$144K	$91K	—	View 990
2016	$1.3M	$1.3M	$151K	$115K	—	View 990
2015	$1.2M	$1.2M	$156K	$102K	—	View 990
2014	$1.2M	$1.2M	$171K	$100K	—	View 990
2013	$1.1M	$1.1M	$209K	$102K	—	View 990
2012	$1.1M	$1.1M	$184K	$98K	—	View 990
2011	$1.0M	$946K	$235K	$91K	—	View 990
2010	$968K	$922K	$130K	$39K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $102, expenses of $4K, and assets of $108K (revenue +148.8% year-over-year).
2022: Revenue of $41, expenses of $4K, and assets of $112K (revenue +241.7% year-over-year).
2021: Revenue of $12, expenses of $8K, and assets of $116K (revenue -84.6% year-over-year).
2020: Revenue of $78, expenses of $14K, and assets of $123K (revenue -100.0% year-over-year).
2019: Revenue of $1.5M, expenses of $1.5M, and assets of $136K (revenue +0.1% year-over-year).
2018: Revenue of $1.5M, expenses of $1.4M, and assets of $240K (revenue +2.4% year-over-year).
2017: Revenue of $1.4M, expenses of $1.4M, and assets of $144K (revenue +7.6% year-over-year).
2016: Revenue of $1.3M, expenses of $1.3M, and assets of $151K (revenue +9.6% year-over-year).
2015: Revenue of $1.2M, expenses of $1.2M, and assets of $156K (revenue +4.1% year-over-year).
2014: Revenue of $1.2M, expenses of $1.2M, and assets of $171K (revenue +1.5% year-over-year).
2013: Revenue of $1.1M, expenses of $1.1M, and assets of $209K (revenue +5.4% year-over-year).
2012: Revenue of $1.1M, expenses of $1.1M, and assets of $184K (revenue +7.6% year-over-year).
2011: Revenue of $1.0M, expenses of $946K, and assets of $235K (revenue +4.6% year-over-year).
2010: Revenue of $968K, expenses of $922K, and assets of $130K.

Data Sources and Methodology

This transparency report for St Anthonys Monastery Association 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.