The Maine Morgan Horse Club Inc
Maine Morgan Horse Club Inc. shows no recent financial activity and significant historical revenue volatility.
EIN: 10379061 · Falmouth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Net Assets | $27K |
| Transparency Score | 20/100 |
Is The Maine Morgan Horse Club Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Maine Morgan Horse Club Inc
The Maine Morgan Horse Club Inc (EIN: 10379061) is a nonprofit organization based in Falmouth, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Maine Morgan Horse Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Maine Morgan Horse Club Inc is a micro nonprofit that has been operating for 44 years, with 10 years of IRS 990 filings on record (2011–2020).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -155.8% | -100.0% | +6.6% |
| 2019 | -60.5% | -22.5% | -40.6% |
| 2018 | +622.1% | +71.9% | +5.9% |
| 2017 | -85.5% | -55.6% | -18.5% |
| 2016 | -85.4% | -84.1% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Maine Morgan Horse Club Inc with a Mission Score of 20 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: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, The Maine Morgan Horse Club Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are not paid, which is a positive for minimizing overhead.
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 Maine Morgan Horse Club Inc's IRS 990 filings:
- Latest reported revenue and assets are $0, suggesting inactivity.
- Significant historical revenue volatility, including negative revenue in 2020.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Strengths
The following positive indicators were identified for The Maine Morgan Horse Club Inc:
- Consistent 0% officer compensation across all filings.
Frequently Asked Questions about The Maine Morgan Horse Club Inc
Is The Maine Morgan Horse Club Inc a legitimate charity?
The Maine Morgan Horse Club Inc (EIN: 10379061) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 20/100. It has 10 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: C.
How does The Maine Morgan Horse Club Inc spend its money?
The Maine Morgan Horse Club Inc reported its financials in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Maine Morgan Horse Club Inc tax-deductible?
The Maine Morgan Horse Club Inc is registered as a tax-exempt nonprofit (EIN: 10379061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Maine Morgan Horse Club Inc located?
The Maine Morgan Horse Club Inc is headquartered in Falmouth, Maine and files with the IRS under EIN 10379061.
How many years of IRS 990 filings does The Maine Morgan Horse Club Inc have?
The Maine Morgan Horse Club Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is The Maine Morgan Horse Club Inc. currently active?
Based on the latest reported revenue and assets of $0, the organization appears to be inactive or operating at a minimal level.
What caused the significant fluctuations in revenue and expenses historically?
The provided data does not offer insights into the specific reasons for the large swings in revenue (e.g., $94,712 in 2015 vs. $-3,182 in 2020) and expenses over the years.
How did the organization utilize its funds when it was more active?
Without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's not possible to determine how funds were allocated during periods of higher activity.
Filing History
IRS 990 filing history for The Maine Morgan Horse Club Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), The Maine Morgan Horse Club Inc's revenue has declined by 103.5%, moving from $91K to $-3,182. Total assets decreased by 68.1% over the same period, from $83K to $27K. Total functional expenses fell by 100%, from $82K to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $-3,182 | $0 | $27K | $0 | — | View 990 |
| 2019 | $6K | $9K | $25K | $0 | — | View 990 |
| 2018 | $14K | $12K | $42K | $0 | — | View 990 |
| 2017 | $2K | $7K | $40K | $70 | — | View 990 |
| 2016 | $14K | $16K | $49K | $0 | — | View 990 |
| 2015 | $95K | $99K | $51K | $0 | — | View 990 |
| 2014 | $0 | $0 | $0 | $0 | — | View 990 |
| 2013 | $75K | $82K | $76K | $0 | — | View 990 |
| 2012 | $94K | $94K | $83K | $0 | — | View 990 |
| 2011 | $91K | $82K | $83K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $-3,182, expenses of $0, and assets of $27K (revenue -155.8% year-over-year).
- 2019: Revenue of $6K, expenses of $9K, and assets of $25K (revenue -60.5% year-over-year).
- 2018: Revenue of $14K, expenses of $12K, and assets of $42K (revenue +622.1% year-over-year).
- 2017: Revenue of $2K, expenses of $7K, and assets of $40K (revenue -85.5% year-over-year).
- 2016: Revenue of $14K, expenses of $16K, and assets of $49K (revenue -85.4% year-over-year).
- 2015: Revenue of $95K, expenses of $99K, and assets of $51K.
- 2014: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2013: Revenue of $75K, expenses of $82K, and assets of $76K (revenue -20.9% year-over-year).
- 2012: Revenue of $94K, expenses of $94K, and assets of $83K (revenue +4.1% year-over-year).
- 2011: Revenue of $91K, expenses of $82K, and assets of $83K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Maine Morgan Horse Club Inc:
Data Sources and Methodology
This transparency report for The Maine Morgan Horse Club 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.