Topsham Development Inc
Topsham Development Inc. shows inconsistent revenue generation and recent deficit spending, despite healthy assets and no executive compensation.
EIN: 10495451 · Topsham, ME · NTEE: S32Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $15K |
| Program Spending | 70% |
| Net Assets | $330K |
| Transparency Score | 70/100 |
Search Intent Cockpit
Topsham Development Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Topsham Development Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Topsham Development Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $3K and expenses of $15K.
Revenue and Expenses
Topsham Development Inc reported $3K in revenue and $15K in expenses, a deficit of $12K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
70/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Topsham Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $11K (70%) |
Across stored filings, Topsham Development Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Community Improvement context |
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2Understand money
70% of spending goes to programs.
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Topsham Development Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Topsham Development Inc
Topsham Development Inc (EIN: 10495451) is a nonprofit organization based in Topsham, ME, classified under NTEE code S32Z. The organization reported total revenue of $10K and total assets of $315K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Topsham Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Topsham Development Inc is a micro nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $15K |
| Surplus / Deficit | $-12,111 |
| Total Assets | $330K |
| Net Assets | $330K |
| Operating Margin | -416.3% |
| Months of Reserves | 263.5 months |
Financial Health Grade: B
In 2023, Topsham Development Inc reported a deficit of $12K with expenses exceeding revenue, holds 263.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Topsham Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -94.3% | -32.4% | -3.5% |
| 2022 | -66.1% | +5315.9% | +9.2% |
| 2021 | +48.7% | -99.0% | +91.9% |
| 2020 | +5216.0% | +814.7% | +55.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Topsham Development 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Topsham Development Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly favorable for donor trust and suggests a volunteer-driven leadership.
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 Topsham Development Inc's IRS 990 filings:
- Inconsistent and highly fluctuating revenue streams, making financial planning challenging.
- Recent deficit spending, with expenses ($15,020 in 2023) significantly exceeding revenue ($2,909 in 2023).
- Lack of detailed expense breakdown in the provided data, hindering a full assessment of program efficiency.
Strengths
The following positive indicators were identified for Topsham Development Inc:
- Strong asset base, reaching $329,830 in 2023, providing a buffer against revenue fluctuations.
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Absence of liabilities in recent years (2017-2023), suggesting good debt management.
Frequently Asked Questions about Topsham Development Inc
Is Topsham Development Inc a legitimate charity?
Topsham Development Inc (EIN: 10495451) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $10K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Topsham Development Inc spend its money?
Topsham Development Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Topsham Development Inc tax-deductible?
Topsham Development Inc is registered as a tax-exempt nonprofit (EIN: 10495451). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Topsham Development Inc's spending goes to programs?
Topsham Development Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Topsham Development Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Topsham Development Inc is above average for NTEE category S32Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Topsham Development Inc located?
Topsham Development Inc is headquartered in Topsham, Maine and files with the IRS under EIN 10495451. It is classified under NTEE code S32Z.
How many years of IRS 990 filings does Topsham Development Inc have?
Topsham Development Inc 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 $10K in total revenue.
Is Topsham Development Inc. financially stable given its fluctuating revenue?
While the organization has a substantial asset base of $329,830 (2023), its revenue has been highly inconsistent, ranging from a loss of $3,061 in 2018 to a gain of $150,378 in 2021. The most recent filing shows expenses ($15,020) significantly exceeding revenue ($2,909), which raises concerns about short-term operational stability despite healthy assets.
How does Topsham Development Inc. manage its expenses?
Expense management varies. In some years, like 2021, expenses were very low ($410) compared to revenue ($150,378). However, in other years, such as 2023, 2016, and 2014, expenses significantly outpaced revenue, indicating periods of deficit spending. Without a detailed breakdown of expense categories, it's hard to assess efficiency beyond the overall figures.
What is the organization's approach to executive compensation?
Topsham Development Inc. consistently reports 0% officer compensation across all 13 filings, indicating a strong commitment to minimizing administrative overhead at the executive level and likely relying on volunteer leadership.
Filing History
IRS 990 filing history for Topsham Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Topsham Development Inc's revenue has grown by 35.2%, moving from $2K to $3K. Total assets increased by 105.7% over the same period, from $160K to $330K. Total functional expenses rose by 132.4%, from $6K to $15K. In its most recent filing year (2023), Topsham Development Inc reported a deficit of $12K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $15K | $330K | $0 | — | — |
| 2022 | $51K | $22K | $342K | $0 | — | View 990 |
| 2021 | $150K | $410 | $313K | $0 | — | — |
| 2020 | $101K | $43K | $163K | $0 | — | View 990 |
| 2019 | $2K | $5K | $105K | $0 | — | View 990 |
| 2018 | $-3,061 | $3K | $108K | $0 | — | View 990 |
| 2017 | $1K | $4K | $114K | $0 | — | View 990 |
| 2016 | $1K | $21K | $162K | $46K | — | View 990 |
| 2015 | $1K | $4K | $155K | $20K | — | View 990 |
| 2014 | $1K | $21K | $153K | $15K | — | View 990 |
| 2013 | $10K | $11K | $158K | $0 | — | View 990 |
| 2012 | $3K | $6K | $158K | $0 | — | View 990 |
| 2011 | $2K | $6K | $160K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $15K, and assets of $330K (revenue -94.3% year-over-year).
- 2022: Revenue of $51K, expenses of $22K, and assets of $342K (revenue -66.1% year-over-year).
- 2021: Revenue of $150K, expenses of $410, and assets of $313K (revenue +48.7% year-over-year).
- 2020: Revenue of $101K, expenses of $43K, and assets of $163K (revenue +5216.0% year-over-year).
- 2019: Revenue of $2K, expenses of $5K, and assets of $105K.
- 2018: Revenue of $-3,061, expenses of $3K, and assets of $108K (revenue -337.7% year-over-year).
- 2017: Revenue of $1K, expenses of $4K, and assets of $114K (revenue -4.0% year-over-year).
- 2016: Revenue of $1K, expenses of $21K, and assets of $162K (revenue +7.0% year-over-year).
- 2015: Revenue of $1K, expenses of $4K, and assets of $155K (revenue -8.3% year-over-year).
- 2014: Revenue of $1K, expenses of $21K, and assets of $153K (revenue -86.7% year-over-year).
- 2013: Revenue of $10K, expenses of $11K, and assets of $158K (revenue +216.5% year-over-year).
- 2012: Revenue of $3K, expenses of $6K, and assets of $158K (revenue +50.6% year-over-year).
- 2011: Revenue of $2K, expenses of $6K, and assets of $160K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Topsham Development Inc:
Data Sources and Methodology
This transparency report for Topsham Development 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.