United Way Of Mid Maine Inc
United Way Of Mid Maine Inc experiences declining revenue and assets over the last decade, with expenses often exceeding income.
EIN: 10233280 · Bangor, ME · NTEE: T70Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $748K |
| Total Expenses | $642K |
| Program Spending | 85% |
| Net Assets | $684K |
| Transparency Score | 85/100 |
Is United Way Of Mid Maine Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Way Of Mid Maine Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Way Of Mid Maine Inc
United Way Of Mid Maine Inc (EIN: 10233280) is a nonprofit organization based in Bangor, ME, classified under NTEE code T70Z. The organization reported total revenue of $748K and total assets of $715K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Way Of Mid Maine Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Way Of Mid Maine Inc is a small nonprofit that has been operating for 59 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -7.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $496K |
| Total Expenses | $642K |
| Surplus / Deficit | $-145,341 |
| Total Assets | $753K |
| Total Liabilities | $69K |
| Net Assets | $684K |
| Operating Margin | -29.3% |
| Debt-to-Asset Ratio | 9.1% |
| Months of Reserves | 14.1 months |
Financial Health Grade: B
In 2020, United Way Of Mid Maine Inc reported a deficit of $145K with expenses exceeding revenue, holds 14.1 months of operating reserves (strong position), has a debt-to-asset ratio of 9.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2020), United Way Of Mid Maine Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -13.9% | -6.9% | -13.2% |
| 2019 | -16.3% | -3.3% | -11.0% |
| 2018 | -0.3% | +0.3% | -2.0% |
| 2017 | -4.0% | +4.6% | -1.7% |
| 2016 | -2.1% | -8.5% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
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 United Way Of Mid Maine Inc 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, United Way Of Mid Maine Inc 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $145K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all ten years of filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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 United Way Of Mid Maine Inc's IRS 990 filings:
- Consistent decline in total assets over the past decade, from $1,083,854 in 201206 to $715,131 currently.
- Expenses frequently exceeding revenue in recent years (e.g., 202006, 201906, 201806, 201706), indicating operational deficits.
- Overall revenue has decreased significantly from $962,617 in 201106 to $496,345 in 202006 (latest full period data).
Strengths
The following positive indicators were identified for United Way Of Mid Maine Inc:
- Zero officer compensation reported across all ten years of filings, demonstrating strong financial stewardship.
- Consistent filing of IRS Form 990s, indicating good transparency and accountability.
- Maintains a healthy asset-to-liability ratio, suggesting good financial solvency despite asset decline.
- Long operational history (10+ years of filings) indicates established presence and experience.
Frequently Asked Questions about United Way Of Mid Maine Inc
Is United Way Of Mid Maine Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, United Way Of Mid Maine Inc (EIN: 10233280) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does United Way Of Mid Maine Inc spend its money?
United Way Of Mid Maine Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to United Way Of Mid Maine Inc tax-deductible?
United Way Of Mid Maine Inc is registered as a tax-exempt nonprofit (EIN: 10233280). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of United Way Of Mid Maine Inc's spending goes to programs?
United Way Of Mid Maine Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does United Way Of Mid Maine Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), United Way Of Mid Maine Inc is above average for NTEE category T70Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is United Way Of Mid Maine Inc located?
United Way Of Mid Maine Inc is headquartered in Bangor, Maine and files with the IRS under EIN 10233280. It is classified under NTEE code T70Z.
How many years of IRS 990 filings does United Way Of Mid Maine Inc have?
United Way Of Mid Maine 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. The most recent filing shows $748K in total revenue.
Is United Way Of Mid Maine Inc a good charity?
Based on the available data, United Way Of Mid Maine Inc appears to be a good charity, primarily due to its consistent 0% officer compensation, indicating a strong commitment to directing funds to its mission. However, the trend of declining assets and revenues over the past decade, with expenses often exceeding income, suggests potential long-term sustainability challenges that warrant attention.
Why are assets declining?
Assets have been declining from a peak of $1,083,854 in 201206 to $715,131 currently. This decline is largely attributable to periods where expenses have exceeded revenue, such as in 202006 ($641,686 expenses vs. $496,345 revenue) and 201906 ($689,450 expenses vs. $576,252 revenue), leading to a draw down on reserves.
What is the organization's financial stability?
The organization maintains a reasonable level of financial stability, with current assets of $715,131. While assets have decreased, the organization's liabilities have remained relatively low, for example, $68,652 in 202006, indicating a healthy balance sheet and ability to cover its short-term obligations.
Filing History
IRS 990 filing history for United Way Of Mid Maine Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), United Way Of Mid Maine Inc's revenue has declined by 48.4%, moving from $963K to $496K. Total assets decreased by 29.5% over the same period, from $1.1M to $753K. Total functional expenses fell by 35.7%, from $998K to $642K. In its most recent filing year (2020), United Way Of Mid Maine Inc reported a deficit of $145K, with expenses exceeding revenue. The organization holds $69K in liabilities against $753K in assets (debt-to-asset ratio: 9.1%), resulting in net assets of $684K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $496K | $642K | $753K | $69K | — | View 990 |
| 2019 | $576K | $689K | $867K | $37K | — | View 990 |
| 2018 | $688K | $713K | $974K | $31K | — | View 990 |
| 2017 | $690K | $711K | $994K | $31K | — | View 990 |
| 2016 | $718K | $680K | $1.0M | $32K | — | View 990 |
| 2015 | $734K | $743K | $984K | $41K | — | View 990 |
| 2014 | $880K | $833K | $1.0M | $52K | — | View 990 |
| 2013 | $781K | $845K | $975K | $44K | — | View 990 |
| 2012 | $943K | $890K | $1.1M | $96K | — | View 990 |
| 2011 | $963K | $998K | $1.1M | $198K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $496K, expenses of $642K, and assets of $753K (revenue -13.9% year-over-year).
- 2019: Revenue of $576K, expenses of $689K, and assets of $867K (revenue -16.3% year-over-year).
- 2018: Revenue of $688K, expenses of $713K, and assets of $974K (revenue -0.3% year-over-year).
- 2017: Revenue of $690K, expenses of $711K, and assets of $994K (revenue -4.0% year-over-year).
- 2016: Revenue of $718K, expenses of $680K, and assets of $1.0M (revenue -2.1% year-over-year).
- 2015: Revenue of $734K, expenses of $743K, and assets of $984K (revenue -16.6% year-over-year).
- 2014: Revenue of $880K, expenses of $833K, and assets of $1.0M (revenue +12.7% year-over-year).
- 2013: Revenue of $781K, expenses of $845K, and assets of $975K (revenue -17.2% year-over-year).
- 2012: Revenue of $943K, expenses of $890K, and assets of $1.1M (revenue -2.1% year-over-year).
- 2011: Revenue of $963K, expenses of $998K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Way Of Mid Maine Inc:
Data Sources and Methodology
This transparency report for United Way Of Mid Maine 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.