Waypoint Maine Inc
Waypoint Maine Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 10279587 · Sanford, ME · NTEE: P820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $29.8M |
| Total Expenses | $20.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $37.5M |
| Transparency Score | 95/100 |
Is Waypoint Maine Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waypoint Maine Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waypoint Maine Inc
Waypoint Maine Inc (EIN: 10279587) is a nonprofit organization based in Sanford, ME, classified under NTEE code P820. The organization reported total revenue of $29.8M and total assets of $44.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waypoint Maine Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waypoint Maine Inc is a large nonprofit that has been operating for 58 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.2M |
| Total Expenses | $20.1M |
| Surplus / Deficit | +$129K |
| Total Assets | $39.0M |
| Total Liabilities | $1.5M |
| Net Assets | $37.5M |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 23.3 months |
Financial Health Grade: A
In 2023, Waypoint Maine Inc reported a surplus of $129K with revenue exceeding expenses, holds 23.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Waypoint Maine Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.5% | +0.0% | +4.1% |
| 2022 | +16.6% | +8.0% | +13.4% |
| 2021 | +16.4% | +0.1% | +5.7% |
| 2020 | -6.9% | +1.4% | +12.8% |
| 2019 | +3.4% | +0.5% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
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 Waypoint Maine Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Waypoint Maine Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $129K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.7%.
Executive Compensation Analysis
Waypoint Maine Inc has consistently reported 0% officer compensation across all available filings, which is exceptional for an organization with annual revenues exceeding $20 million and assets over $38 million. This indicates a strong commitment to directing funds towards its mission rather than executive salaries.
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 Waypoint Maine Inc:
- Consistent revenue growth from $14.6M (2014) to $20.2M (2023)
- Strong asset growth from $18M (2014) to $38.9M (2023)
- No reported officer compensation across all filings, indicating high transparency and mission focus
- Consistent operational surplus, demonstrating sound financial management (e.g., $20.2M revenue vs $20.0M expenses in 2023)
- Low liabilities relative to assets, indicating financial stability (e.g., $1.4M liabilities vs $38.9M assets in 2023)
Frequently Asked Questions about Waypoint Maine Inc
Is Waypoint Maine Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Waypoint Maine Inc (EIN: 10279587) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Waypoint Maine Inc spend its money?
Waypoint Maine Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waypoint Maine Inc tax-deductible?
Waypoint Maine Inc is registered as a tax-exempt nonprofit (EIN: 10279587). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Waypoint Maine Inc CEO make?
Waypoint Maine Inc's highest-compensated officer earns $20 annually. The organization reported $29.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Waypoint Maine Inc's spending goes to programs?
Waypoint Maine Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Waypoint Maine Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Waypoint Maine Inc is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Waypoint Maine Inc located?
Waypoint Maine Inc is headquartered in Sanford, Maine and files with the IRS under EIN 10279587. It is classified under NTEE code P820.
How many years of IRS 990 filings does Waypoint Maine Inc have?
Waypoint Maine Inc has 12 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 $29.8M in total revenue.
Is Waypoint Maine Inc a good charity?
Based on the provided financial data, Waypoint Maine Inc appears to be a very good charity. It demonstrates consistent financial growth, responsible asset management, and a remarkable commitment to transparency by reporting 0% officer compensation across all filings.
How has Waypoint Maine Inc's revenue changed over time?
Waypoint Maine Inc has shown consistent revenue growth, increasing from $14,620,793 in 2014 to $20,214,531 in 2023, indicating a stable and expanding financial base.
What is Waypoint Maine Inc's asset growth like?
The organization's assets have grown substantially, from $18,026,747 in 2014 to $38,969,461 in 2023, reflecting strong financial stewardship and accumulation of resources.
Does Waypoint Maine Inc have high administrative costs?
While specific breakdowns aren't provided, the consistent reporting of 0% officer compensation suggests a lean administrative structure, prioritizing program spending over executive salaries.
Filing History
IRS 990 filing history for Waypoint Maine Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Waypoint Maine Inc's revenue has grown by 52.7%, moving from $13.2M to $20.2M. Total assets increased by 139.5% over the same period, from $16.3M to $39.0M. Total functional expenses rose by 57.2%, from $12.8M to $20.1M. In its most recent filing year (2023), Waypoint Maine Inc reported a surplus of $129K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $39.0M in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $37.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.2M | $20.1M | $39.0M | $1.5M | — | View 990 |
| 2022 | $26.1M | $20.1M | $37.4M | $1.4M | — | View 990 |
| 2021 | $22.4M | $18.6M | $33.0M | $1.2M | — | View 990 |
| 2020 | $19.2M | $18.6M | $31.2M | $4.1M | — | View 990 |
| 2019 | $20.6M | $18.3M | $27.7M | $1.1M | — | View 990 |
| 2018 | $20.0M | $18.2M | $25.3M | $990K | — | — |
| 2017 | $19.7M | $18.0M | $23.6M | $1.2M | — | View 990 |
| 2016 | $18.1M | $16.9M | $21.2M | $700K | — | View 990 |
| 2015 | $16.1M | $15.1M | $20.4M | $992K | — | View 990 |
| 2014 | $14.6M | $13.6M | $18.0M | $862K | — | View 990 |
| 2013 | $13.0M | $12.6M | $16.8M | $944K | — | View 990 |
| 2012 | $13.2M | $12.8M | $16.3M | $973K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.2M, expenses of $20.1M, and assets of $39.0M (revenue -22.5% year-over-year).
- 2022: Revenue of $26.1M, expenses of $20.1M, and assets of $37.4M (revenue +16.6% year-over-year).
- 2021: Revenue of $22.4M, expenses of $18.6M, and assets of $33.0M (revenue +16.4% year-over-year).
- 2020: Revenue of $19.2M, expenses of $18.6M, and assets of $31.2M (revenue -6.9% year-over-year).
- 2019: Revenue of $20.6M, expenses of $18.3M, and assets of $27.7M (revenue +3.4% year-over-year).
- 2018: Revenue of $20.0M, expenses of $18.2M, and assets of $25.3M (revenue +1.2% year-over-year).
- 2017: Revenue of $19.7M, expenses of $18.0M, and assets of $23.6M (revenue +8.7% year-over-year).
- 2016: Revenue of $18.1M, expenses of $16.9M, and assets of $21.2M (revenue +12.9% year-over-year).
- 2015: Revenue of $16.1M, expenses of $15.1M, and assets of $20.4M (revenue +9.8% year-over-year).
- 2014: Revenue of $14.6M, expenses of $13.6M, and assets of $18.0M (revenue +12.2% year-over-year).
- 2013: Revenue of $13.0M, expenses of $12.6M, and assets of $16.8M (revenue -1.5% year-over-year).
- 2012: Revenue of $13.2M, expenses of $12.8M, and assets of $16.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waypoint Maine Inc:
Data Sources and Methodology
This transparency report for Waypoint 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.