Environment (C320) 990 on File

FRIENDS OF MERRYMEETING BAY

EIN: 22-3129007 · RICHMOND, ME 04357-0233 · United States · FY 2023 Data

3 out of 5 48 / 100 Based on 2+ years of filings

Financial strength (30%) 74/100

Reliability (20%) 55/100

Effectiveness (25%) 58/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Financial Overview — FY 2023

$58K

Total Revenue

$23K

Total Expenses

$502K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 74.6%

Fundraising Efficiency 6709.1%

Operating Reserve 264.17x

Liability-to-Asset 0.0%

Revenue Diversification 81.3%

Executive Compensation $155

Compared with Peers

FY 2023

Compared with 3,689 similar organizations (United States, Environment, under $100K in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	74.6%	82.0%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	15.7%	11.6%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	9.7%	0.0%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	6709.1%	37.2%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	264.2 mo	36.1 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	0.0%	0.0%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	81.3%	96.8%	P10P90	Above median
Revenue growth Year over year revenue growth	-30.9%	0.5%	P10P90
Expense growth Year over year expense growth	-65.9%	0.4%	P10P90
Surplus margin Surplus as a share of revenue	61.0%	16.4%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$58K	$23K	$502K	74.6%	1
2022	$85K	$67K	$446K	90.9%	—
2021	$137K	$56K	N/A	—	1

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Organization Details

EIN: 22-3129007
State: ME
City: RICHMOND
ZIP: 04357-0233
Classification: C320
Category: Environment
Rating: 3★
Coverage: A
Last Updated: Aug 2026
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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