Stoneham Rescue Service
Stoneham Rescue Service shows consistent financial stability with zero officer compensation and growing revenue.
EIN: 10366967 · Stoneham, ME · NTEE: E620 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $403K |
| Total Expenses | $286K |
| Program Spending | 90% |
| Net Assets | $369K |
| Transparency Score | 92/100 |
Is Stoneham Rescue Service Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Stoneham Rescue Service directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stoneham Rescue Service
Stoneham Rescue Service (EIN: 10366967) is a nonprofit organization based in Stoneham, ME, classified under NTEE code E620. The organization reported total revenue of $403K and total assets of $513K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stoneham Rescue Service's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Stoneham Rescue Service is a small nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $281K |
| Total Expenses | $286K |
| Surplus / Deficit | $-5,001 |
| Total Assets | $373K |
| Total Liabilities | $5K |
| Net Assets | $369K |
| Operating Margin | -1.8% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 15.6 months |
Financial Health Grade: B
In 2023, Stoneham Rescue Service reported a deficit of $5K with expenses exceeding revenue, holds 15.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Stoneham Rescue Service's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +43.3% | +27.0% | -1.5% |
| 2022 | -13.5% | -1.8% | -15.7% |
| 2021 | +12.3% | +25.2% | -0.4% |
| 2020 | +11.4% | -5.1% | +4.4% |
| 2019 | +3.9% | -2.1% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Stoneham Rescue Service with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Stoneham Rescue Service allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
Stoneham Rescue Service consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through non-officer channels, which is highly favorable for resource allocation to its 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.
Strengths
The following positive indicators were identified for Stoneham Rescue Service:
- Consistent 0% officer compensation across all filings, indicating high resource allocation to mission.
- Strong financial stability with assets consistently exceeding liabilities (e.g., $373,302 assets vs. $4,508 liabilities in 2023).
- Positive trend in revenue growth, from $136,514 in 2017 to $402,634 currently, suggesting increasing support.
- Long history of consistent IRS 990 filings (13 filings), demonstrating transparency.
- Healthy asset base ($513,368 latest assets) providing a buffer for operations.
Frequently Asked Questions about Stoneham Rescue Service
Is Stoneham Rescue Service a legitimate charity?
Based on AI analysis of IRS 990 filings, Stoneham Rescue Service (EIN: 10366967) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Stoneham Rescue Service spend its money?
Stoneham Rescue Service directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Stoneham Rescue Service tax-deductible?
Stoneham Rescue Service is registered as a tax-exempt nonprofit (EIN: 10366967). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Stoneham Rescue Service's spending goes to programs?
Stoneham Rescue Service directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Stoneham Rescue Service compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Stoneham Rescue Service is above average for NTEE category E620 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Stoneham Rescue Service located?
Stoneham Rescue Service is headquartered in Stoneham, Maine and files with the IRS under EIN 10366967. It is classified under NTEE code E620.
How many years of IRS 990 filings does Stoneham Rescue Service have?
Stoneham Rescue Service 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 $403K in total revenue.
Is Stoneham Rescue Service a good charity?
Based on the available IRS 990 data, Stoneham Rescue Service appears to be a good charity. It demonstrates strong financial health with assets consistently exceeding liabilities (e.g., $373,302 assets vs. $4,508 liabilities in 2023), a positive trend in revenue growth, and notably, 0% officer compensation across all filings, suggesting a high dedication of resources to its mission.
How has Stoneham Rescue Service's revenue changed over time?
Stoneham Rescue Service has experienced significant revenue growth. Its revenue increased from $136,514 in 2017 to $281,397 in 2023, with the latest reported revenue at $402,634, indicating a substantial increase in financial support.
What is the organization's financial stability?
The organization exhibits strong financial stability. Its assets consistently outweigh liabilities by a significant margin (e.g., $373,302 in assets vs. $4,508 in liabilities in 2023), and it maintains a healthy asset base relative to its operational expenses.
Filing History
IRS 990 filing history for Stoneham Rescue Service showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Stoneham Rescue Service's revenue has grown by 293.9%, moving from $71K to $281K. Total assets increased by 48.5% over the same period, from $251K to $373K. Total functional expenses rose by 248.5%, from $82K to $286K. In its most recent filing year (2023), Stoneham Rescue Service reported a deficit of $5K, with expenses exceeding revenue. The organization holds $5K in liabilities against $373K in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $369K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $281K | $286K | $373K | $5K | — | — |
| 2022 | $196K | $225K | $379K | $5K | — | View 990 |
| 2021 | $227K | $230K | $449K | $3K | — | View 990 |
| 2020 | $202K | $183K | $451K | $3K | — | — |
| 2019 | $181K | $193K | $432K | $3K | — | View 990 |
| 2018 | $175K | $197K | $444K | $2K | — | View 990 |
| 2017 | $137K | $156K | $466K | $2K | — | View 990 |
| 2016 | $159K | $156K | $485K | $2K | — | View 990 |
| 2015 | $145K | $165K | $481K | $1K | — | View 990 |
| 2014 | $156K | $154K | $502K | $1K | — | View 990 |
| 2013 | $297K | $118K | $504K | $5K | — | View 990 |
| 2012 | $153K | $83K | $321K | $2K | — | View 990 |
| 2011 | $71K | $82K | $251K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $281K, expenses of $286K, and assets of $373K (revenue +43.3% year-over-year).
- 2022: Revenue of $196K, expenses of $225K, and assets of $379K (revenue -13.5% year-over-year).
- 2021: Revenue of $227K, expenses of $230K, and assets of $449K (revenue +12.3% year-over-year).
- 2020: Revenue of $202K, expenses of $183K, and assets of $451K (revenue +11.4% year-over-year).
- 2019: Revenue of $181K, expenses of $193K, and assets of $432K (revenue +3.9% year-over-year).
- 2018: Revenue of $175K, expenses of $197K, and assets of $444K (revenue +27.9% year-over-year).
- 2017: Revenue of $137K, expenses of $156K, and assets of $466K (revenue -14.4% year-over-year).
- 2016: Revenue of $159K, expenses of $156K, and assets of $485K (revenue +10.3% year-over-year).
- 2015: Revenue of $145K, expenses of $165K, and assets of $481K (revenue -7.2% year-over-year).
- 2014: Revenue of $156K, expenses of $154K, and assets of $502K (revenue -47.5% year-over-year).
- 2013: Revenue of $297K, expenses of $118K, and assets of $504K (revenue +94.6% year-over-year).
- 2012: Revenue of $153K, expenses of $83K, and assets of $321K (revenue +113.5% year-over-year).
- 2011: Revenue of $71K, expenses of $82K, and assets of $251K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Stoneham Rescue Service:
Data Sources and Methodology
This transparency report for Stoneham Rescue Service 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.