Stanley Museum Inc
Stanley Museum Inc. shows consistent asset growth but frequently operates at a deficit, with expenses often exceeding revenue.
EIN: 10379498 · Kingfield, ME · NTEE: A500 · Updated: 2026-03-28
Is Stanley Museum Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Stanley Museum Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stanley Museum Inc
Stanley Museum Inc (EIN: 10379498) is a nonprofit organization based in Kingfield, ME, classified under NTEE code A500. The organization reported total revenue of $74K and total assets of $746K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stanley Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Stanley Museum Inc with a Mission Score of 70 out of 100 (Good). 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, Stanley Museum 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 is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is commendable for a small organization.
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 Stanley Museum Inc's IRS 990 filings:
- Frequent operational deficits (expenses exceeding revenue in 7 out of 10 reported years, including 2023 where expenses were $102,599 against $67,395 revenue).
- Fluctuating revenue streams, making financial planning potentially challenging (e.g., $117,244 in 2022 vs. $67,395 in 2023).
Strengths
The following positive indicators were identified for Stanley Museum Inc:
- Consistent asset growth over the past decade, from $644,537 in 2020 to $745,965 currently.
- Zero reported officer compensation across all filings, indicating efficient use of funds at the leadership level.
- Low liabilities, generally under $15,000, suggesting sound debt management.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Stanley Museum Inc
Is Stanley Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Stanley Museum Inc (EIN: 10379498) some concerns. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
How does Stanley Museum Inc spend its money?
Stanley Museum Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Stanley Museum Inc tax-deductible?
Stanley Museum Inc is registered as a tax-exempt nonprofit (EIN: 10379498). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Stanley Museum Inc. financially sustainable given its recurring deficits?
The organization has frequently reported expenses exceeding revenue (e.g., $102,599 expenses vs. $67,395 revenue in 2023). While assets have grown, this trend suggests a reliance on reserves or inconsistent funding, which could pose long-term sustainability challenges if not addressed.
How does Stanley Museum Inc. manage to grow assets despite operating deficits?
Asset growth (from $644,537 in 2020 to $745,965 currently) despite operational deficits in several years suggests that the organization may be receiving significant non-operating revenue (e.g., investment gains, large one-time donations not reflected in annual operating revenue) or drawing down on previously accumulated surpluses.
What is the primary source of revenue for Stanley Museum Inc.?
The provided data only shows total revenue. To understand the primary source, one would need to examine the detailed revenue breakdown in the IRS 990 filings (e.g., contributions, program service revenue, investment income).
Filing History
IRS 990 filing history for Stanley Museum Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Stanley Museum Inc's revenue has grown by 28.8%, moving from $52K to $67K. Total assets increased by 0.4% over the same period, from $718K to $720K. Total functional expenses rose by 0.8%, from $102K to $103K. In its most recent filing year (2023), Stanley Museum Inc reported a deficit of $35K, with expenses exceeding revenue. The organization holds $1K in liabilities against $720K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $719K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $67K | $103K | $720K | $1K | — | — |
| 2022 | $117K | $92K | $744K | $2K | — | View 990 |
| 2020 | $70K | $75K | $645K | $5K | — | View 990 |
| 2019 | $80K | $72K | $650K | $5K | — | View 990 |
| 2018 | $53K | $83K | $647K | $11K | — | View 990 |
| 2017 | $98K | $94K | $671K | $11K | — | View 990 |
| 2016 | $93K | $97K | $671K | $16K | — | View 990 |
| 2015 | $63K | $95K | $674K | $14K | — | View 990 |
| 2014 | $73K | $108K | $721K | $29K | — | View 990 |
| 2013 | $152K | $106K | $740K | $13K | — | View 990 |
| 2012 | $74K | $90K | $698K | $17K | — | View 990 |
| 2011 | $52K | $102K | $718K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67K, expenses of $103K, and assets of $720K (revenue -42.5% year-over-year).
- 2022: Revenue of $117K, expenses of $92K, and assets of $744K (revenue +68.5% year-over-year).
- 2020: Revenue of $70K, expenses of $75K, and assets of $645K (revenue -13.2% year-over-year).
- 2019: Revenue of $80K, expenses of $72K, and assets of $650K (revenue +50.6% year-over-year).
- 2018: Revenue of $53K, expenses of $83K, and assets of $647K (revenue -45.7% year-over-year).
- 2017: Revenue of $98K, expenses of $94K, and assets of $671K (revenue +5.7% year-over-year).
- 2016: Revenue of $93K, expenses of $97K, and assets of $671K (revenue +47.5% year-over-year).
- 2015: Revenue of $63K, expenses of $95K, and assets of $674K (revenue -13.6% year-over-year).
- 2014: Revenue of $73K, expenses of $108K, and assets of $721K (revenue -52.0% year-over-year).
- 2013: Revenue of $152K, expenses of $106K, and assets of $740K (revenue +105.4% year-over-year).
- 2012: Revenue of $74K, expenses of $90K, and assets of $698K (revenue +41.1% year-over-year).
- 2011: Revenue of $52K, expenses of $102K, and assets of $718K.
Data Sources and Methodology
This transparency report for Stanley Museum 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.