Young Mens Christian Association Of Southern Maine
YMCA of Southern Maine faces significant revenue decline and rising liabilities, with consistent operating deficits.
EIN: 10211568 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $7.8M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $6.9M |
| Transparency Score | 60/100 |
Is Young Mens Christian Association Of Southern Maine Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Young Mens Christian Association Of Southern Maine directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Young Mens Christian Association Of Southern Maine
Young Mens Christian Association Of Southern Maine (EIN: 10211568) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $5.8M and total assets of $15.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Young Mens Christian Association Of Southern Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Young Mens Christian Association Of Southern Maine is a mid-size nonprofit that has been operating for 89 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $7.8M |
| Surplus / Deficit | $-865,183 |
| Total Assets | $15.4M |
| Total Liabilities | $8.5M |
| Net Assets | $6.9M |
| Operating Margin | -12.5% |
| Debt-to-Asset Ratio | 55.2% |
| Months of Reserves | 23.8 months |
Financial Health Grade: C
In 2023, Young Mens Christian Association Of Southern Maine reported a deficit of $865K with expenses exceeding revenue, holds 23.8 months of operating reserves (strong position), has a debt-to-asset ratio of 55.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Young Mens Christian Association Of Southern Maine's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.2% | -3.3% | +3.7% |
| 2022 | -2.5% | +1.3% | +14.9% |
| 2021 | -34.3% | -27.3% | -3.5% |
| 2020 | -4.8% | -4.8% | +7.7% |
| 2019 | +0.3% | +0.4% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1937 |
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 Young Mens Christian Association Of Southern Maine with a Mission Score of 60 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: 75%
- fundraising: 10%
According to IRS 990 filings, Young Mens Christian Association Of Southern Maine allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $865K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of this size with revenues exceeding $5 million. This could indicate that executive compensation is either not paid or is reported under other expense categories, which would require further scrutiny for complete transparency.
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 Young Mens Christian Association Of Southern Maine's IRS 990 filings:
- Significant and consistent decline in revenue from $11.3M in 2019 to $6.9M in 2023.
- Dramatic increase in liabilities from $2.7M in 2019 to $8.5M in 2023.
- Consistent operating deficits, with expenses exceeding revenue in recent years (e.g., $865,183 deficit in 2023).
- Unusually low or 0% reported officer compensation for an organization of this size, raising questions about reporting transparency.
Strengths
The following positive indicators were identified for Young Mens Christian Association Of Southern Maine:
- Assets have shown growth from $12.4M in 2019 to $15.4M in 2023, despite financial challenges.
- Consistent filing of IRS 990 forms, indicating a commitment to regulatory compliance.
Frequently Asked Questions about Young Mens Christian Association Of Southern Maine
Is Young Mens Christian Association Of Southern Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, Young Mens Christian Association Of Southern Maine (EIN: 10211568) some concerns. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.
How does Young Mens Christian Association Of Southern Maine spend its money?
Young Mens Christian Association Of Southern Maine directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Young Mens Christian Association Of Southern Maine tax-deductible?
Young Mens Christian Association Of Southern Maine is registered as a tax-exempt nonprofit (EIN: 10211568). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Young Mens Christian Association Of Southern Maine CEO make?
Young Mens Christian Association Of Southern Maine's highest-compensated officer earns $5 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Young Mens Christian Association Of Southern Maine's spending goes to programs?
Young Mens Christian Association Of Southern Maine directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Young Mens Christian Association Of Southern Maine located?
Young Mens Christian Association Of Southern Maine is headquartered in Portland, Maine and files with the IRS under EIN 10211568.
How many years of IRS 990 filings does Young Mens Christian Association Of Southern Maine have?
Young Mens Christian Association Of Southern Maine 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 $5.8M in total revenue.
What is the cause of the significant revenue decline from $11.3 million in 2019 to $6.9 million in 2023?
The IRS 990 data shows a consistent downward trend in revenue since 2019, but the specific reasons for this decline are not detailed in the provided financial summary. This would require reviewing the full 990 forms for explanations like changes in program offerings, membership, or grant funding.
Why have liabilities increased so dramatically from $2.7 million in 2019 to $8.5 million in 2023?
The substantial increase in liabilities suggests the organization may have taken on significant debt or has increased its short-term obligations. The specific nature of these liabilities (e.g., mortgages, loans, accounts payable) is not detailed in the summary data and would necessitate a deeper dive into the balance sheet of the full 990 filings.
How does the organization cover its operating deficits, such as the $865,183 deficit in 2023?
Consistent operating deficits, where expenses exceed revenue, typically lead to a reduction in net assets or reliance on reserves. The organization's net assets have decreased relative to its liabilities, indicating that these deficits are likely being covered by drawing down on existing assets or increasing debt.
Is the reported 0% officer compensation accurate, or is executive pay categorized differently?
For an organization with revenues in the millions, reporting 0% officer compensation is highly unusual. It's possible that compensation for key executives is reported under other expense lines (e.g., salaries and wages for program or administrative staff) rather than specifically as 'officer compensation,' which would impact the transparency of executive pay.
Filing History
IRS 990 filing history for Young Mens Christian Association Of Southern Maine showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Young Mens Christian Association Of Southern Maine's revenue has grown by 7.4%, moving from $6.4M to $6.9M. Total assets increased by 34.9% over the same period, from $11.4M to $15.4M. Total functional expenses rose by 21.5%, from $6.4M to $7.8M. In its most recent filing year (2023), Young Mens Christian Association Of Southern Maine reported a deficit of $865K, with expenses exceeding revenue. The organization holds $8.5M in liabilities against $15.4M in assets (debt-to-asset ratio: 55.2%), resulting in net assets of $6.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $7.8M | $15.4M | $8.5M | — | View 990 |
| 2022 | $6.9M | $8.1M | $14.9M | $7.2M | — | View 990 |
| 2021 | $7.1M | $7.9M | $13.0M | $3.9M | — | View 990 |
| 2020 | $10.8M | $10.9M | $13.4M | $3.9M | — | View 990 |
| 2019 | $11.3M | $11.5M | $12.5M | $2.8M | — | View 990 |
| 2018 | $11.3M | $11.4M | $12.6M | $2.9M | — | View 990 |
| 2017 | $10.8M | $11.4M | $12.5M | $2.7M | — | View 990 |
| 2016 | $10.7M | $11.0M | $12.7M | $2.3M | — | View 990 |
| 2015 | $10.0M | $10.6M | $12.9M | $2.2M | — | View 990 |
| 2014 | $10.0M | $9.9M | $13.3M | $2.1M | — | View 990 |
| 2013 | $10.6M | $8.9M | $13.3M | $2.1M | — | View 990 |
| 2012 | $6.7M | $7.0M | $11.2M | $1.8M | — | View 990 |
| 2011 | $6.4M | $6.4M | $11.4M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $7.8M, and assets of $15.4M (revenue +0.2% year-over-year).
- 2022: Revenue of $6.9M, expenses of $8.1M, and assets of $14.9M (revenue -2.5% year-over-year).
- 2021: Revenue of $7.1M, expenses of $7.9M, and assets of $13.0M (revenue -34.3% year-over-year).
- 2020: Revenue of $10.8M, expenses of $10.9M, and assets of $13.4M (revenue -4.8% year-over-year).
- 2019: Revenue of $11.3M, expenses of $11.5M, and assets of $12.5M (revenue +0.3% year-over-year).
- 2018: Revenue of $11.3M, expenses of $11.4M, and assets of $12.6M (revenue +4.0% year-over-year).
- 2017: Revenue of $10.8M, expenses of $11.4M, and assets of $12.5M (revenue +1.5% year-over-year).
- 2016: Revenue of $10.7M, expenses of $11.0M, and assets of $12.7M (revenue +6.9% year-over-year).
- 2015: Revenue of $10.0M, expenses of $10.6M, and assets of $12.9M (revenue +0.5% year-over-year).
- 2014: Revenue of $10.0M, expenses of $9.9M, and assets of $13.3M (revenue -6.3% year-over-year).
- 2013: Revenue of $10.6M, expenses of $8.9M, and assets of $13.3M (revenue +57.5% year-over-year).
- 2012: Revenue of $6.7M, expenses of $7.0M, and assets of $11.2M (revenue +4.6% year-over-year).
- 2011: Revenue of $6.4M, expenses of $6.4M, and assets of $11.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Young Mens Christian Association Of Southern Maine:
Data Sources and Methodology
This transparency report for Young Mens Christian Association Of Southern Maine 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.