Mainestream Finance
Only null% goes to programs Strong reserves Declining revenue
Mainestream Finance is a 501(c)(3) organization based in Bangor, Maine, registered in 2001, with $615,035 in FY2023 revenue. CharityIndex grades it B.
Po Box 1162, Bangor, ME, 04402 EIN 01-0539222 Since 2001
Revenue (FY2023)
$615K
▲ 26.9% vs prior year
Community median: $184K
Expenses (FY2023)
$507K
Net assets
$2.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mainestream Finance— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating67 mo reserves · +18% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mainestream Finance: 67 mo reserves · +18% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mainestream Finance— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mainestream Finance: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- Po Box 1162, Bangor, ME, 04402
- City
- Bangor
- State
- Maine
- Subcategory
- Business & Industry Associations
- Website
- …
Financial trends
Revenue declined from $1.2M (FY2013) to $615K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $4.6MNet assets $2.8M
Operating margin
17.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$7.5M
Total liabilities
$4.6M
Net assets
$2.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $615,035▲26.9% | $506,727▼13.2% | $2,844,577▲4.0% | $7,474,375▲8.2% | 990 |
| 2022 | $484,821▼66.4% | $583,649▼9.3% | $2,736,269▼3.5% | $6,908,881▲2.7% | 990 |
| 2021 | $1,442,234▼9.4% | $643,183▼8.4% | $2,835,097▲39.2% | $6,730,189▼2.8% | 990 |
| 2020 | $1,591,851▲142% | $701,970▲14.4% | $2,036,046▲77.6% | $6,924,505▲16.7% | 990 |
| 2019 | $659,119▼3.6% | $613,868▼28.4% | $1,146,165▲4.1% | $5,933,338▲2.0% | 990 |
| 2018 | $683,490▼15.2% | $857,279▼4.7% | $1,100,914▼13.6% | $5,815,024▲6.9% | 990 |
| 2017 | $805,718▲21.9% | $899,406▲12.5% | $1,274,703▼6.8% | $5,438,648▼1.3% | 990 |
| 2016 | $661,099▼12.3% | $799,598▼16.6% | $1,368,390▼9.2% | $5,511,379▼17.5% | 990 |
| 2015 | $753,799▼15.5% | $959,199▲19.2% | $1,506,889▼12.0% | $6,678,912▼10.7% | 990 |
| 2014 | $892,280▼24.5% | $804,706▼16.5% | $1,712,289▲5.4% | $7,482,330▲21.2% | 990 |
| 2013 | $1,181,716 | $963,160▲59.9% | $1,624,715▲15.5% | $6,171,100▲24.0% | 990 |
| 2012 | — | $602,209▲27.0% | $1,406,159▲51.0% | $4,975,379▲29.2% | 990 |
| 2011 | — | $474,131▼13.6% | $931,153▼2.5% | $3,850,688▲32.9% | 990 |
| 2010 | — | $548,946▲74.7% | $954,619▼9.1% | $2,898,088▲20.2% | 990 |
| 2009 | — | $314,280 | $1,050,324 | $2,411,851 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $582K total
9 grants to Mainestream Finance totaling $582K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Opportunity Finance Network | Operating grant | 2024 | $150,000 |
| Maine Community Foundation Inc | Small business development | 2020 | $6,000 |
| Penquis C A P Inc | Forgiveness of debt and pass-through grant | 2019 | $118,000 |
| Charities Aid Foundation America | Charitable donation | 2019 | $7,762 |
| Penquis C A P Inc | Forgiveness of debt | 2018 | $50,000 |
| Maine Community Foundation Inc | Small business development | 2018 | $10,000 |
| Penquis C A P Inc | Forgiveness of debt | 2017 | $180,000 |
| Maine Community Foundation Inc | Small business development | 2016 | $45,000 |
| Maine Community Foundation Inc | Small business development | 2015 | $15,000 |
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Frequently asked questions
- Is Mainestream Finance a legitimate nonprofit?
- Yes. Mainestream Finance is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-0539222, based in Bangor, Maine. Donations are tax-deductible.
- What is Mainestream Finance's EIN?
- Mainestream Finance's Employer Identification Number (EIN) is 01-0539222.
- How much revenue does Mainestream Finance report?
- Mainestream Finance reported $615,035 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Mainestream Finance have?
- CharityIndex grades Mainestream Finance B, based on financial health (reserves and operating margin).
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Data for Mainestream Finance (EIN 01-0539222) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.