Yarmouth Village Improvement Society
Yarmouth Village Improvement Society reports significant deficit in 2022 with zero assets, contrasting prior years' financial stability.
EIN: 16016382 · Yarmouth, ME · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $561K |
| Total Expenses | $602K |
| Program Spending | 80% |
| Transparency Score | 70/100 |
Is Yarmouth Village Improvement Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Yarmouth Village Improvement Society directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Yarmouth Village Improvement Society
Yarmouth Village Improvement Society (EIN: 16016382) is a nonprofit organization based in Yarmouth, ME, classified under NTEE code A80. The organization reported total revenue of $561K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Yarmouth Village Improvement Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Yarmouth Village Improvement Society is a small nonprofit that has been operating for 10 years, with 4 years of IRS 990 filings on record (2019–2022). Revenue has grown at a compound annual rate of -8.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $300K |
| Total Expenses | $602K |
| Surplus / Deficit | $-302,077 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -100.8% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2022, Yarmouth Village Improvement Society reported a deficit of $302K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2019–2022), Yarmouth Village Improvement Society's revenue has declined at a compound annual growth rate (CAGR) of -8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +2490.4% | +5902.2% | -100.0% |
| 2021 | -22.6% | -37.3% | +10.6% |
| 2020 | -96.1% | -89.5% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
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 Yarmouth Village Improvement Society 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Yarmouth Village Improvement Society allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $302K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either a fully volunteer-led executive team or that compensation falls below reporting thresholds, which is positive for a small organization.
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 Yarmouth Village Improvement Society's IRS 990 filings:
- Significant and unexplained fluctuation in reported assets ($642,586 in 2021 to $0 in 2022).
- Substantial operating deficit in 2022 (expenses $601,839 vs. revenue $299,762).
- Inconsistent revenue and expense patterns across filing periods, making financial trend analysis difficult.
Strengths
The following positive indicators were identified for Yarmouth Village Improvement Society:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds or volunteer leadership.
- History of strong revenue generation in some periods (e.g., $387,326 in 2019).
- Low fundraising costs, suggesting efficient donor acquisition or strong community support.
Frequently Asked Questions about Yarmouth Village Improvement Society
Is Yarmouth Village Improvement Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Yarmouth Village Improvement Society (EIN: 16016382) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Yarmouth Village Improvement Society spend its money?
Yarmouth Village Improvement Society directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Yarmouth Village Improvement Society tax-deductible?
Yarmouth Village Improvement Society is registered as a tax-exempt nonprofit (EIN: 16016382). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Yarmouth Village Improvement Society's spending goes to programs?
Yarmouth Village Improvement Society directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Yarmouth Village Improvement Society compare to similar nonprofits?
With a transparency score of 70/100 (Good), Yarmouth Village Improvement Society is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Yarmouth Village Improvement Society located?
Yarmouth Village Improvement Society is headquartered in Yarmouth, Maine and files with the IRS under EIN 16016382. It is classified under NTEE code A80.
How many years of IRS 990 filings does Yarmouth Village Improvement Society have?
Yarmouth Village Improvement Society has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $561K in total revenue.
Why did the Yarmouth Village Improvement Society report $0 in assets and liabilities in 2022, when previous years showed significant assets?
The sudden drop from $642,586 in assets in 2021 to $0 in 2022, alongside $0 liabilities, is a significant change that requires clarification to understand the organization's true financial standing and asset management practices.
What caused the substantial deficit in 2022, where expenses ($601,839) more than doubled revenue ($299,762)?
The large deficit in 2022 suggests either a major one-time expenditure or a significant decline in funding relative to operational costs, which impacts financial sustainability.
Is the organization primarily volunteer-run, given the consistent 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings strongly suggests that the organization's leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, which is a positive indicator for resource allocation.
Filing History
IRS 990 filing history for Yarmouth Village Improvement Society showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2022), Yarmouth Village Improvement Society's revenue has declined by 22.6%, moving from $387K to $300K. Total assets decreased by 100% over the same period, from $592K to $0. Total functional expenses rose by 295.2%, from $152K to $602K. In its most recent filing year (2022), Yarmouth Village Improvement Society reported a deficit of $302K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $300K | $602K | $0 | $0 | — | View 990 |
| 2021 | $12K | $10K | $643K | $0 | — | View 990 |
| 2020 | $15K | $16K | $581K | $0 | — | View 990 |
| 2019 | $387K | $152K | $592K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $300K, expenses of $602K, and assets of $0 (revenue +2490.4% year-over-year).
- 2021: Revenue of $12K, expenses of $10K, and assets of $643K (revenue -22.6% year-over-year).
- 2020: Revenue of $15K, expenses of $16K, and assets of $581K (revenue -96.1% year-over-year).
- 2019: Revenue of $387K, expenses of $152K, and assets of $592K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Yarmouth Village Improvement Society:
Data Sources and Methodology
This transparency report for Yarmouth Village Improvement 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.