Bangor Youth Ballet
Bangor Youth Ballet operated at a deficit in 2020 with minimal assets.
EIN: 10494559 · Bangor, ME · NTEE: A63 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $85K |
| Program Spending | 80% |
| Net Assets | $3K |
| Transparency Score | 65/100 |
Is Bangor Youth Ballet Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bangor Youth Ballet directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bangor Youth Ballet
Bangor Youth Ballet (EIN: 10494559) is a nonprofit organization based in Bangor, ME, classified under NTEE code A63. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bangor Youth Ballet's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bangor Youth Ballet is a micro nonprofit that has been operating for 31 years.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $55K |
| Total Expenses | $85K |
| Surplus / Deficit | $-29,234 |
| Total Assets | $3K |
| Total Liabilities | $120 |
| Net Assets | $3K |
| Operating Margin | -52.7% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 0.4 months |
Financial Health Grade: C
In 2020, Bangor Youth Ballet reported a deficit of $29K with expenses exceeding revenue, holds 0.4 months of operating reserves (limited), has a debt-to-asset ratio of 4.4% (very low leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Youth Ballet with a Mission Score of 65 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: 80%
- fundraising: 5%
According to IRS 990 filings, Bangor Youth Ballet allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.4%.
Executive Compensation Analysis
No officer compensation was reported in the 2020 filing, indicating a volunteer-led organization or one where executive roles are not compensated, which is common for very small nonprofits.
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 Bangor Youth Ballet's IRS 990 filings:
- Operating at a deficit in 2020 ($29,234)
- Minimal assets ($2,754) indicating limited financial reserves
- Only one filing available, limiting long-term financial trend analysis
Strengths
The following positive indicators were identified for Bangor Youth Ballet:
- No reported officer compensation, suggesting efficient use of funds for mission
- Likely volunteer-driven given the lack of executive compensation
- Focus on a specific community arts program (youth ballet)
Frequently Asked Questions about Bangor Youth Ballet
Is Bangor Youth Ballet a legitimate charity?
Bangor Youth Ballet (EIN: 10494559) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Bangor Youth Ballet spend its money?
Bangor Youth Ballet directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bangor Youth Ballet tax-deductible?
Bangor Youth Ballet is registered as a tax-exempt nonprofit (EIN: 10494559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bangor Youth Ballet's spending goes to programs?
Bangor Youth Ballet directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bangor Youth Ballet compare to similar nonprofits?
With a transparency score of 65/100 (Good), Bangor Youth Ballet is above average for NTEE category A63 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bangor Youth Ballet located?
Bangor Youth Ballet is headquartered in Bangor, Maine and files with the IRS under EIN 10494559. It is classified under NTEE code A63.
What caused the $29,234 deficit in 2020?
The 2020 filing shows expenses of $84,660 against revenues of $55,426, resulting in a deficit. The specific causes are not detailed in the summary data provided, but could include unexpected costs, reduced program fees, or lower-than-anticipated donations.
How does Bangor Youth Ballet fund its operations given its minimal assets?
With assets of only $2,754 in 2020, the organization likely relies heavily on ongoing fundraising, program fees, and potentially grants to cover its operational expenses and avoid significant deficits in subsequent years.
Has the organization filed any 990s since 2020?
The provided data indicates only one filing for the period 202006. More recent filings would be necessary to assess current financial health and trends.
Filing History
IRS 990 filing history for Bangor Youth Ballet showing financial trends over 1 year of public records:
In its most recent filing year (2020), Bangor Youth Ballet reported a deficit of $29K, with expenses exceeding revenue. The organization holds $120 in liabilities against $3K in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $55K | $85K | $3K | $120 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bangor Youth Ballet:
Data Sources and Methodology
This transparency report for Bangor Youth Ballet 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.