Waldo County Humane Society
Waldo County Humane Society consistently operates with a surplus and zero officer compensation, growing assets to $669,402.
EIN: 10373772 · Belfast, ME · NTEE: D200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $114K |
| Total Expenses | $32K |
| Program Spending | 90% |
| Net Assets | $665K |
| Transparency Score | 95/100 |
Is Waldo County Humane Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waldo County Humane Society directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waldo County Humane Society
Waldo County Humane Society (EIN: 10373772) is a nonprofit organization based in Belfast, ME, classified under NTEE code D200. The organization reported total revenue of $114K and total assets of $783K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waldo County Humane Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waldo County Humane Society is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $32K |
| Surplus / Deficit | +$33K |
| Total Assets | $669K |
| Total Liabilities | $4K |
| Net Assets | $665K |
| Operating Margin | 50.7% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 252.0 months |
Financial Health Grade: A
In 2023, Waldo County Humane Society reported a surplus of $33K with revenue exceeding expenses, holds 252.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Waldo County Humane Society's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.1% | +7.2% | +5.3% |
| 2022 | +7.6% | +16.7% | +3.3% |
| 2021 | +20.3% | +15.0% | +9.0% |
| 2020 | -70.0% | -19.6% | -5.3% |
| 2019 | +1.0% | -33.0% | +36.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Waldo County Humane Society with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Waldo County Humane Society allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 surplus of $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size and contributes significantly to its financial efficiency.
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 Waldo County Humane Society:
- Consistent financial surplus, demonstrating strong financial health (e.g., $32,725 surplus in 2023).
- Zero officer compensation reported across all filings, indicating volunteer-driven leadership and high efficiency.
- Steady and significant growth in assets over the past decade, from $307,196 in 2014 to $669,402 in 2023.
- Minimal liabilities, reflecting a low-risk financial profile.
- High spending efficiency, with a large portion of revenue retained or directed towards mission-related activities.
Frequently Asked Questions about Waldo County Humane Society
Is Waldo County Humane Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Waldo County Humane Society (EIN: 10373772) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Waldo County Humane Society spend its money?
Waldo County Humane Society directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waldo County Humane Society tax-deductible?
Waldo County Humane Society is registered as a tax-exempt nonprofit (EIN: 10373772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Waldo County Humane Society's spending goes to programs?
Waldo County Humane Society directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Waldo County Humane Society compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Waldo County Humane Society is above average for NTEE category D200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Waldo County Humane Society located?
Waldo County Humane Society is headquartered in Belfast, Maine and files with the IRS under EIN 10373772. It is classified under NTEE code D200.
How many years of IRS 990 filings does Waldo County Humane Society have?
Waldo County Humane Society 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 $114K in total revenue.
Is Waldo County Humane Society financially stable?
Yes, the organization is very financially stable, consistently reporting a surplus (e.g., $64,606 revenue vs. $31,881 expenses in 2023) and growing its assets from $307,196 in 2014 to $669,402 in 2023, while maintaining minimal liabilities.
How does Waldo County Humane Society manage its administrative costs?
The organization appears to manage administrative costs exceptionally well, primarily due to its volunteer-led structure with 0% officer compensation reported across all filings, suggesting a very lean operational overhead.
What is the trend in the organization's assets?
Waldo County Humane Society has shown a strong and consistent upward trend in assets, increasing from $307,196 in 2014 to $669,402 in 2023, indicating effective financial management and accumulation of resources.
Filing History
IRS 990 filing history for Waldo County Humane Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Waldo County Humane Society's revenue has grown by 100%, moving from $32K to $65K. Total assets increased by 182.4% over the same period, from $237K to $669K. Total functional expenses fell by 2.8%, from $33K to $32K. In its most recent filing year (2023), Waldo County Humane Society reported a surplus of $33K, with revenue exceeding expenses. The organization holds $4K in liabilities against $669K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $665K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65K | $32K | $669K | $4K | — | — |
| 2022 | $56K | $30K | $636K | $8K | — | View 990 |
| 2021 | $52K | $25K | $615K | $5K | — | View 990 |
| 2020 | $43K | $22K | $565K | $3K | — | View 990 |
| 2019 | $143K | $28K | $597K | $3K | — | View 990 |
| 2018 | $142K | $41K | $438K | $0 | — | View 990 |
| 2017 | $41K | $39K | $354K | $0 | — | View 990 |
| 2016 | $47K | $47K | $349K | $0 | — | View 990 |
| 2015 | $75K | $38K | $336K | $0 | — | View 990 |
| 2014 | $87K | $40K | $307K | $0 | — | View 990 |
| 2013 | $38K | $29K | $259K | $0 | — | View 990 |
| 2012 | $41K | $29K | $250K | $0 | — | View 990 |
| 2011 | $32K | $33K | $237K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65K, expenses of $32K, and assets of $669K (revenue +16.1% year-over-year).
- 2022: Revenue of $56K, expenses of $30K, and assets of $636K (revenue +7.6% year-over-year).
- 2021: Revenue of $52K, expenses of $25K, and assets of $615K (revenue +20.3% year-over-year).
- 2020: Revenue of $43K, expenses of $22K, and assets of $565K (revenue -70.0% year-over-year).
- 2019: Revenue of $143K, expenses of $28K, and assets of $597K (revenue +1.0% year-over-year).
- 2018: Revenue of $142K, expenses of $41K, and assets of $438K (revenue +246.9% year-over-year).
- 2017: Revenue of $41K, expenses of $39K, and assets of $354K (revenue -12.3% year-over-year).
- 2016: Revenue of $47K, expenses of $47K, and assets of $349K (revenue -37.9% year-over-year).
- 2015: Revenue of $75K, expenses of $38K, and assets of $336K (revenue -13.3% year-over-year).
- 2014: Revenue of $87K, expenses of $40K, and assets of $307K (revenue +127.3% year-over-year).
- 2013: Revenue of $38K, expenses of $29K, and assets of $259K (revenue -7.8% year-over-year).
- 2012: Revenue of $41K, expenses of $29K, and assets of $250K (revenue +28.0% year-over-year).
- 2011: Revenue of $32K, expenses of $33K, and assets of $237K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waldo County Humane Society:
Data Sources and Methodology
This transparency report for Waldo County Humane Society 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.