Western Maine Paper & Heritage Museum

Western Maine Paper & Heritage Museum shows strong financial health with low expenses and no officer compensation.

EIN: 200515266 · Jay, ME · NTEE: A50 · Updated: 2026-03-28

$43KRevenue

$166KAssets

92/100Mission Score (Excellent)

A50

About Western Maine Paper & Heritage Museum

Western Maine Paper & Heritage Museum (EIN: 200515266) is a nonprofit organization based in Jay, ME, classified under NTEE code A50. The organization reported total revenue of $43K and total assets of $166K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Western Maine Paper & Heritage Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Western Maine Paper & Heritage Museum demonstrates sound financial health and a strong commitment to its mission, as evidenced by its latest IRS 990 filings. In the 202312 period, the organization reported revenue of $50,889 against expenses of $11,726, indicating a significant surplus that contributes to its asset growth. With assets at $193,412 and no reported liabilities in 2023, the museum maintains a very healthy balance sheet. The organization's spending efficiency is excellent, with a very low expense base relative to its revenue, suggesting careful management of resources. The absence of officer compensation further underscores its dedication to directing funds towards its programmatic goals rather than administrative overhead. The museum's financial transparency is high, with readily available filings showing consistent financial health and responsible stewardship.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Western Maine Paper & Heritage Museum with a Mission Score of 92 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: 95%
fundraising: 0%

According to IRS 990 filings, Western Maine Paper & Heritage Museum allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation in its latest filings, indicating that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable 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.

Strengths

The following positive indicators were identified for Western Maine Paper & Heritage Museum:

Strong financial health with growing assets ($193,412 in 2023)
Very low expenses ($11,726 in 2023) relative to revenue ($50,889 in 2023)
Zero officer compensation reported in 2023, indicating high program focus
Significant revenue growth from $4,470 in 2011 to $50,889 in 2023
No reported liabilities in 2023, demonstrating excellent financial stability

Frequently Asked Questions about Western Maine Paper & Heritage Museum

Is Western Maine Paper & Heritage Museum a good charity?

Based on its financial data, the Western Maine Paper & Heritage Museum appears to be a very good charity. It exhibits strong financial health with growing assets ($193,412 in 2023), very low expenses ($11,726 in 2023) relative to revenue ($50,889 in 2023), and a clear commitment to its mission with 0% officer compensation.

How has the museum's revenue changed over time?

The museum has seen substantial revenue growth, increasing from $4,470 in 2011 to $50,889 in 2023, indicating growing support and engagement.

What is the organization's asset-to-liability ratio?

The organization has an excellent asset-to-liability ratio, reporting $193,412 in assets and $0 in liabilities in its 2023 filing, indicating strong financial stability.

Filing History

IRS 990 filing history for Western Maine Paper & Heritage Museum showing financial trends over 2 years of public records:

Over 2 years of IRS 990 filings (2011–2023), Western Maine Paper & Heritage Museum's revenue has grown by 1038.5%, moving from $4K to $51K. Total assets decreased by 8.1% over the same period, from $210K to $193K. Total functional expenses rose by 9.3%, from $11K to $12K. In its most recent filing year (2023), Western Maine Paper & Heritage Museum reported a surplus of $39K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$51K	$12K	$193K	$0	—	—
2011	$4K	$11K	$210K	$0	—	View 990

Data Sources and Methodology

This transparency report for Western Maine Paper & Heritage Museum 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.