Is Carrabassett Valley Academy Legit? —…

Strengths

Consistent revenue growth, from $4.4 million in 2021 to $6.8 million in 2023, demonstrating increasing financial capacity.
Healthy operating surpluses, with revenues consistently exceeding expenses (e.g., $6.8M revenue vs. $5.6M expenses in 2023).
Steady growth in assets, increasing from $10.8 million in 2020 to $13.6 million in 2023, indicating long-term stability.
Low liabilities relative to assets, suggesting a strong balance sheet and financial health.
No reported officer compensation, indicating a strong commitment to directing funds towards the mission.

Spending Breakdown

How Carrabassett Valley Academy allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Carrabassett Valley Academy

Is Carrabassett Valley Academy a legitimate charity?

Based on AI analysis of IRS 990 filings, Carrabassett Valley Academy (EIN: 10384633) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Carrabassett Valley Academy a good charity to donate to?

Carrabassett Valley Academy has a Mission Score of 90/100. Revenue: $7.5M. Assets: $15.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Carrabassett Valley Academy?

The Employer Identification Number (EIN) for Carrabassett Valley Academy is 10384633. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Carrabassett Valley Academy spend its money?

Carrabassett Valley Academy allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Carrabassett Valley Academy's tax-exempt status?

You can verify Carrabassett Valley Academy's tax-exempt status using EIN 10384633 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Carrabassett Valley Academy demonstrates a generally healthy financial trajectory, with consistent revenue growth in recent years, notably from $4,432,208 in 2021 to $6,819,383 in 2023. The organization consistently operates with a surplus, as evidenced by revenues exceeding expenses in most recent periods, such as $6,819,383 in revenue against $5,628,519 in expenses for 2023. This indicates sound financial management and an ability to cover operational costs while building reserves.

The academy's asset base has also shown steady growth, increasing from $10,865,068 in 2020 to $13,644,586 in 2023, suggesting investment in its mission and long-term stability. Liabilities have remained manageable relative to assets, indicating a healthy balance sheet. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing resources towards its programs rather than executive pay, which is a strong positive for donor confidence.

While specific program, administrative, and fundraising expense breakdowns are not provided in the raw data, the overall financial health, growth in assets, and consistent surpluses point to an organization that is effectively managing its resources. The absence of reported officer compensation further enhances its transparency profile, suggesting a focus on mission delivery.

Is Carrabassett Valley Academy Legit?

Verdict: Carrabassett Valley Academy appears trustworthy

Red Flags