The Ancient Ones
The Ancient Ones maintains stable finances and low liabilities with no reported officer compensation.
EIN: 10487080 · Union, ME · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $29K |
| Total Expenses | $22K |
| Program Spending | 85% |
| Net Assets | $29K |
| Transparency Score | 85/100 |
Is The Ancient Ones Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Ancient Ones directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Ancient Ones
The Ancient Ones (EIN: 10487080) is a nonprofit organization based in Union, ME, classified under NTEE code A80. The organization reported total revenue of $29K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Ancient Ones's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Ancient Ones is a micro nonprofit that has been operating for 10 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 18.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22K |
| Total Expenses | $22K |
| Surplus / Deficit | +$33 |
| Total Assets | $29K |
| Total Liabilities | $1 |
| Net Assets | $29K |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 15.8 months |
Financial Health Grade: A
In 2023, The Ancient Ones reported a surplus of $33 with revenue exceeding expenses, holds 15.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), The Ancient Ones's revenue has grown at a compound annual growth rate (CAGR) of 18.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.6% | +48.9% | +0.1% |
| 2022 | +2115.4% | +129.7% | +22.5% |
| 2021 | -94.2% | -33.5% | -18.9% |
| 2020 | +38.6% | -13.2% | +26.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
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 The Ancient Ones 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: 85%
- fundraising: 5%
According to IRS 990 filings, The Ancient Ones allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $33, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all five years of filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is positive for resource allocation.
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 The Ancient Ones's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Significant revenue dip in 2021 ($920) without immediate explanation
Strengths
The following positive indicators were identified for The Ancient Ones:
- Consistent asset growth ($23,490 in 2019 to $32,411 currently)
- Minimal liabilities ($0-$1 across all filings)
- No reported officer compensation, indicating efficient use of funds
- Positive net income in most recent years (e.g., $20,382 revenue vs. $14,976 expenses in 2022)
Frequently Asked Questions about The Ancient Ones
Is The Ancient Ones a legitimate charity?
Based on AI analysis of IRS 990 filings, The Ancient Ones (EIN: 10487080) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does The Ancient Ones spend its money?
The Ancient Ones directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Ancient Ones tax-deductible?
The Ancient Ones is registered as a tax-exempt nonprofit (EIN: 10487080). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Ancient Ones's spending goes to programs?
The Ancient Ones directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Ancient Ones compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Ancient Ones is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Ancient Ones located?
The Ancient Ones is headquartered in Union, Maine and files with the IRS under EIN 10487080. It is classified under NTEE code A80.
How many years of IRS 990 filings does The Ancient Ones have?
The Ancient Ones has 5 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 $29K in total revenue.
Is The Ancient Ones a good charity?
Based on the provided financial data, The Ancient Ones appears to be a well-managed charity. It consistently maintains low liabilities, has growing assets, and reports no officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has The Ancient Ones' revenue trended over the past five years?
The Ancient Ones' revenue has shown fluctuations but generally an upward trend, from $11,474 in 2019 to $22,331 in 2023, with a peak of $28,767 in the latest reported period. There was a dip in 2021 to $920, but the organization recovered strongly in subsequent years.
What is the organization's asset growth like?
The organization's assets have shown consistent growth, increasing from $23,490 in 2019 to $32,411 currently, indicating financial stability and an ability to build reserves.
Filing History
IRS 990 filing history for The Ancient Ones showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), The Ancient Ones's revenue has grown by 94.6%, moving from $11K to $22K. Total assets increased by 25.3% over the same period, from $23K to $29K. Total functional expenses rose by 97.5%, from $11K to $22K. In its most recent filing year (2023), The Ancient Ones reported a surplus of $33, with revenue exceeding expenses. The organization holds $1 in liabilities against $29K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $29K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22K | $22K | $29K | $1 | — | — |
| 2022 | $20K | $15K | $29K | $1 | — | View 990 |
| 2021 | $920 | $7K | $24K | $1 | — | View 990 |
| 2020 | $16K | $10K | $30K | $1 | — | View 990 |
| 2019 | $11K | $11K | $23K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22K, expenses of $22K, and assets of $29K (revenue +9.6% year-over-year).
- 2022: Revenue of $20K, expenses of $15K, and assets of $29K (revenue +2115.4% year-over-year).
- 2021: Revenue of $920, expenses of $7K, and assets of $24K (revenue -94.2% year-over-year).
- 2020: Revenue of $16K, expenses of $10K, and assets of $30K (revenue +38.6% year-over-year).
- 2019: Revenue of $11K, expenses of $11K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Ancient Ones:
Data Sources and Methodology
This transparency report for The Ancient Ones 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.