Caribou Economic Growth Council

Caribou Economic Growth Council maintains strong asset base with modest, fluctuating revenues and no executive compensation.

EIN: 10531191 · Caribou, ME · NTEE: S41 · Updated: 2026-03-28

$49KRevenue

$1.2MAssets

85/100Mission Score (Excellent)

S41

About Caribou Economic Growth Council

Caribou Economic Growth Council (EIN: 10531191) is a nonprofit organization based in Caribou, ME, classified under NTEE code S41. The organization reported total revenue of $49K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caribou Economic Growth Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Caribou Economic Growth Council demonstrates consistent financial stability with assets significantly outweighing liabilities, though its revenue streams are relatively modest and fluctuate year-to-year. For instance, in 2023, the organization reported $37,219 in revenue against $27,878 in expenses, contributing to its substantial asset base of $1,183,894. The organization's spending efficiency appears strong, with expenses generally well below its asset base, indicating a focus on maintaining its long-term financial health. However, the specific breakdown of program versus administrative and fundraising expenses is not detailed in the provided summary, making a precise assessment of spending efficiency challenging without further data. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which is a positive indicator for donor confidence and resource allocation directly to its mission. The organization's transparency is good, with a consistent filing history over 13 periods, providing a clear financial record.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Caribou Economic Growth Council 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Caribou Economic Growth Council 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.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization or one with very minimal paid leadership, which is highly efficient for an organization of its size with annual expenses typically under $70,000.

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.

Red Flags

The following concerns were identified during AI analysis of Caribou Economic Growth Council's IRS 990 filings:

Fluctuating and sometimes negative annual revenue (e.g., -$13,014 in 2020)
Lack of detailed spending breakdown in provided summary to fully assess program efficiency

Strengths

The following positive indicators were identified for Caribou Economic Growth Council:

Strong and consistent asset base ($1,188,099 latest)
Consistent 0% officer compensation, indicating efficient use of funds
Long and consistent IRS 990 filing history (13 filings), demonstrating transparency
Liabilities consistently low relative to assets

Frequently Asked Questions about Caribou Economic Growth Council

Is Caribou Economic Growth Council a good charity?

Based on the available data, the Caribou Economic Growth Council appears to be a financially stable organization with a strong asset base and a commitment to minimizing overhead, as evidenced by 0% officer compensation. Its consistent filing history also points to good transparency. However, without a detailed breakdown of program spending, it's difficult to fully assess its direct impact.

How does the organization manage its expenses relative to its revenue?

The organization generally manages its expenses well within its revenue, as seen in 2023 where revenue was $37,219 and expenses were $27,878. There have been years, such as 2022 and 2017, where expenses exceeded revenue, but these instances are balanced by years of surplus, contributing to its overall strong asset position.

What is the trend in the organization's assets?

The organization's assets have fluctuated but remained substantial, generally above $1.1 million, reaching a high of $1,725,246 in 2015. While there has been a decrease from its peak, the current asset level of $1,188,099 (latest) indicates strong financial reserves.

Does the organization rely heavily on fundraising?

Given the modest and fluctuating revenue figures, and the consistent 0% officer compensation, it suggests the organization operates with a lean structure and likely does not incur significant fundraising costs. The primary focus appears to be on managing existing assets and securing grants or other stable, non-fundraising income.

Filing History

IRS 990 filing history for Caribou Economic Growth Council showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Caribou Economic Growth Council's revenue has declined by 63.1%, moving from $101K to $37K. Total assets decreased by 32% over the same period, from $1.7M to $1.2M. Total functional expenses fell by 86.1%, from $201K to $28K. In its most recent filing year (2023), Caribou Economic Growth Council reported a surplus of $9K, with revenue exceeding expenses. The organization holds $52K in liabilities against $1.2M in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $1.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$37K	$28K	$1.2M	$52K	—	—
2022	$26K	$34K	$1.2M	$48K	—	—
2021	$31K	$25K	$1.5M	$384K	—	—
2020	$-13,014	$44K	$1.4M	$253K	—	—
2019	$54K	$54K	$1.5M	$284K	—	View 990
2018	$126K	$60K	$1.5M	$313K	—	View 990
2017	$51K	$168K	$1.5M	$338K	—	—
2016	$46K	$36K	$1.6M	$373K	—	View 990
2015	$158K	$37K	$1.7M	$503K	—	View 990
2014	$44K	$54K	$1.5M	$429K	—	View 990
2013	$105K	$114K	$1.6M	$474K	—	View 990
2012	$138K	$31K	$1.8M	$700K	—	View 990
2011	$101K	$201K	$1.7M	$729K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $37K, expenses of $28K, and assets of $1.2M (revenue +41.5% year-over-year).
2022: Revenue of $26K, expenses of $34K, and assets of $1.2M (revenue -16.0% year-over-year).
2021: Revenue of $31K, expenses of $25K, and assets of $1.5M.
2020: Revenue of $-13,014, expenses of $44K, and assets of $1.4M (revenue -124.1% year-over-year).
2019: Revenue of $54K, expenses of $54K, and assets of $1.5M (revenue -57.2% year-over-year).
2018: Revenue of $126K, expenses of $60K, and assets of $1.5M (revenue +145.3% year-over-year).
2017: Revenue of $51K, expenses of $168K, and assets of $1.5M (revenue +11.9% year-over-year).
2016: Revenue of $46K, expenses of $36K, and assets of $1.6M (revenue -70.9% year-over-year).
2015: Revenue of $158K, expenses of $37K, and assets of $1.7M (revenue +256.5% year-over-year).
2014: Revenue of $44K, expenses of $54K, and assets of $1.5M (revenue -57.8% year-over-year).
2013: Revenue of $105K, expenses of $114K, and assets of $1.6M (revenue -23.9% year-over-year).
2012: Revenue of $138K, expenses of $31K, and assets of $1.8M (revenue +36.9% year-over-year).
2011: Revenue of $101K, expenses of $201K, and assets of $1.7M.

Data Sources and Methodology

This transparency report for Caribou Economic Growth Council 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.