Bangor Rotary Charities Trust
Bangor Rotary Charities Trust consistently operates with volunteer leadership and maintains a stable financial position.
EIN: 10457160 · Bangor, ME · NTEE: T30J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31K |
| Total Expenses | $22K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $35,000. |
| Net Assets | $51K |
| Transparency Score | 85/100 |
Is Bangor Rotary Charities Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bangor Rotary Charities Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bangor Rotary Charities Trust
Bangor Rotary Charities Trust (EIN: 10457160) is a nonprofit organization based in Bangor, ME, classified under NTEE code T30J. The organization reported total revenue of $31K and total assets of $28K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bangor Rotary Charities Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bangor Rotary Charities Trust is a micro nonprofit that has been operating for 35 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $22K |
| Surplus / Deficit | +$7K |
| Total Assets | $51K |
| Net Assets | $51K |
| Operating Margin | 24.3% |
| Months of Reserves | 27.3 months |
Financial Health Grade: A
In 2024, Bangor Rotary Charities Trust reported a surplus of $7K with revenue exceeding expenses, holds 27.3 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Bangor Rotary Charities Trust's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +123.0% | +12.8% | +16.5% |
| 2023 | -28.0% | +474.8% | -13.1% |
| 2022 | -11.0% | -72.3% | +29.9% |
| 2021 | +53.2% | +470.8% | +42.5% |
| 2020 | +31.8% | -91.2% | +44.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Bangor Rotary Charities Trust with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Bangor Rotary Charities Trust allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is highly efficient for an organization of its size with annual revenues typically under $35,000.
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.
Strengths
The following positive indicators were identified for Bangor Rotary Charities Trust:
- Consistent 0% officer compensation, indicating volunteer leadership and high efficiency.
- Strong financial stability with $0 liabilities reported in multiple recent years (2024, 2023, 2022, 2020).
- Positive asset growth from $27,139 in 2020 to $50,877 in 2024, enhancing long-term capacity.
- Generally operates within its revenue, with recent periods showing a surplus (e.g., $29,535 revenue vs. $22,345 expenses in 2024).
Frequently Asked Questions about Bangor Rotary Charities Trust
Is Bangor Rotary Charities Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Bangor Rotary Charities Trust (EIN: 10457160) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Bangor Rotary Charities Trust spend its money?
Bangor Rotary Charities Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bangor Rotary Charities Trust tax-deductible?
Bangor Rotary Charities Trust is registered as a tax-exempt nonprofit (EIN: 10457160). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bangor Rotary Charities Trust CEO make?
Bangor Rotary Charities Trust's highest-compensated officer earns $35,000. annually. The organization reported $31K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bangor Rotary Charities Trust's spending goes to programs?
Bangor Rotary Charities Trust directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bangor Rotary Charities Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bangor Rotary Charities Trust is above average for NTEE category T30J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bangor Rotary Charities Trust located?
Bangor Rotary Charities Trust is headquartered in Bangor, Maine and files with the IRS under EIN 10457160. It is classified under NTEE code T30J.
How many years of IRS 990 filings does Bangor Rotary Charities Trust have?
Bangor Rotary Charities Trust has 14 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 $31K in total revenue.
Is Bangor Rotary Charities Trust a good charity?
Based on the available financial data, Bangor Rotary Charities Trust appears to be a well-managed and efficient charity. Key indicators include consistent 0% officer compensation, a healthy asset-to-liability ratio (often zero liabilities), and a history of operating within its means, with recent years showing a surplus.
How does Bangor Rotary Charities Trust manage its liabilities?
Bangor Rotary Charities Trust has demonstrated excellent management of liabilities, reporting $0 in liabilities for the periods 2024, 2023, 2022, and 2020. This indicates a very strong financial position and minimal financial risk.
What is the trend in assets for Bangor Rotary Charities Trust?
The organization's assets have shown a positive trend in recent years, increasing from $27,139 in 2020 to $50,877 in 2024, indicating growth in its financial reserves and capacity.
Filing History
IRS 990 filing history for Bangor Rotary Charities Trust showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Bangor Rotary Charities Trust's revenue has declined by 22.5%, moving from $38K to $30K. Total assets increased by 78.3% over the same period, from $29K to $51K. Total functional expenses fell by 41.3%, from $38K to $22K. In its most recent filing year (2024), Bangor Rotary Charities Trust reported a surplus of $7K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $30K | $22K | $51K | $0 | — | — |
| 2023 | $13K | $20K | $44K | $0 | — | View 990 |
| 2022 | $18K | $3K | $50K | $0 | — | View 990 |
| 2021 | $21K | $12K | $39K | $3K | — | View 990 |
| 2020 | $13K | $2K | $27K | $0 | — | View 990 |
| 2019 | $10K | $25K | $19K | $3K | — | View 990 |
| 2018 | $22K | $8K | $40K | $10K | — | View 990 |
| 2017 | $28K | $27K | $40K | $24K | — | View 990 |
| 2016 | $32K | $31K | $42K | $28K | — | View 990 |
| 2015 | $34K | $52K | $54K | $40K | — | View 990 |
| 2014 | $33K | $40K | $52K | $20K | — | View 990 |
| 2013 | $29K | $30K | $39K | $94 | — | View 990 |
| 2012 | $38K | $26K | $41K | $518 | — | View 990 |
| 2011 | $38K | $38K | $29K | $97 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $30K, expenses of $22K, and assets of $51K (revenue +123.0% year-over-year).
- 2023: Revenue of $13K, expenses of $20K, and assets of $44K (revenue -28.0% year-over-year).
- 2022: Revenue of $18K, expenses of $3K, and assets of $50K (revenue -11.0% year-over-year).
- 2021: Revenue of $21K, expenses of $12K, and assets of $39K (revenue +53.2% year-over-year).
- 2020: Revenue of $13K, expenses of $2K, and assets of $27K (revenue +31.8% year-over-year).
- 2019: Revenue of $10K, expenses of $25K, and assets of $19K (revenue -53.6% year-over-year).
- 2018: Revenue of $22K, expenses of $8K, and assets of $40K (revenue -21.2% year-over-year).
- 2017: Revenue of $28K, expenses of $27K, and assets of $40K (revenue -11.4% year-over-year).
- 2016: Revenue of $32K, expenses of $31K, and assets of $42K (revenue -8.4% year-over-year).
- 2015: Revenue of $34K, expenses of $52K, and assets of $54K (revenue +5.0% year-over-year).
- 2014: Revenue of $33K, expenses of $40K, and assets of $52K (revenue +13.4% year-over-year).
- 2013: Revenue of $29K, expenses of $30K, and assets of $39K (revenue -23.4% year-over-year).
- 2012: Revenue of $38K, expenses of $26K, and assets of $41K (revenue -0.9% year-over-year).
- 2011: Revenue of $38K, expenses of $38K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bangor Rotary Charities Trust:
Data Sources and Methodology
This transparency report for Bangor Rotary Charities Trust 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.