Carleton Project

Carleton Project maintains stable assets and no officer compensation despite recent minor operational deficit.

EIN: 10516247 · Houlton, ME · NTEE: F21 · Updated: 2026-03-28

$161KRevenue

$93KAssets

92/100Mission Score (Excellent)

F21

About Carleton Project

Carleton Project (EIN: 10516247) is a nonprofit organization based in Houlton, ME, classified under NTEE code F21. The organization reported total revenue of $161K and total assets of $93K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carleton Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Carleton Project demonstrates a consistent commitment to its mission, as evidenced by its program spending. While the organization experienced a slight deficit in its latest filing period (202306) with expenses of $245,801 exceeding revenue of $245,683, its asset base has shown growth, reaching $150,516 in 2023 from $93,184 in 2021. This indicates a generally stable financial position despite year-to-year fluctuations in operational surplus or deficit. The organization's transparency is high, particularly given its consistent reporting and the absence of officer compensation, which simplifies financial analysis and suggests resources are directed towards programmatic activities.

Over the past several years, The Carleton Project has managed its finances effectively, maintaining a healthy asset-to-liability ratio. For instance, in 2023, liabilities were only $3,701 against assets of $150,516. The lack of reported officer compensation across all available filings is a significant positive indicator of efficiency and a strong focus on mission-driven spending. This practice minimizes overhead related to executive salaries, allowing a greater proportion of funds to be allocated directly to programs. The organization's financial health appears sound, with a history of managing expenses relative to revenue, even during periods of higher spending like 2016-2018.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Carleton Project with a Mission Score of 92 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Carleton Project allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The Carleton Project consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive financial practice, suggesting that all available funds are directed towards the organization's mission and operational costs.

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 Carleton Project's IRS 990 filings:

Minor operational deficit in the latest filing period (202306), with expenses slightly exceeding revenue.

Strengths

The following positive indicators were identified for Carleton Project:

Consistent 0% officer compensation across all filings, indicating high efficiency and mission focus.
Growing asset base, from $53,999 in 2019 to $150,516 in 2023, demonstrating financial growth.
Low liabilities relative to assets, indicating strong financial management and solvency.
Consistent filing history (13 filings), suggesting good transparency and compliance.

Frequently Asked Questions about Carleton Project

Is Carleton Project a good charity?

Based on the available IRS 990 data, The Carleton Project appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission. Its asset base has grown, and it maintains a low liability profile, suggesting financial stability.

How has Carleton Project's financial health changed over time?

The Carleton Project's financial health has shown resilience. While revenue and expenses have fluctuated, assets have generally increased from $53,999 in 2019 to $150,516 in 2023, indicating growth and stability. Liabilities have remained low, further strengthening its financial position.

What is the trend in Carleton Project's revenue and expenses?

Revenue and expenses for The Carleton Project have varied over the years. For example, revenue peaked at $428,069 in 2014 and was $245,683 in 2023. Expenses have generally tracked revenue, with some years showing a surplus (e.g., 2022: Revenue $249,953, Expenses $181,621) and others a slight deficit (e.g., 2023: Revenue $245,683, Expenses $245,801).

Filing History

IRS 990 filing history for Carleton Project showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Carleton Project's revenue has grown by 8.3%, moving from $227K to $246K. Total assets increased by 236.2% over the same period, from $45K to $151K. Total functional expenses rose by 15%, from $214K to $246K. In its most recent filing year (2023), Carleton Project reported a deficit of $118, with expenses exceeding revenue. The organization holds $4K in liabilities against $151K in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $147K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$246K	$246K	$151K	$4K	—	View 990
2022	$250K	$182K	$149K	$2K	—	View 990
2021	$200K	$186K	$93K	$15K	—	View 990
2020	$203K	$177K	$84K	$19K	—	View 990
2019	$210K	$220K	$54K	$15K	—	View 990
2018	$325K	$346K	$56K	$7K	—	View 990
2017	$312K	$347K	$77K	$8K	—	View 990
2016	$289K	$401K	$107K	$3K	—	View 990
2015	$338K	$420K	$219K	$4K	—	View 990
2014	$428K	$379K	$300K	$3K	—	View 990
2013	$448K	$273K	$248K	$0	—	View 990
2012	$305K	$256K	$84K	$11K	—	View 990
2011	$227K	$214K	$45K	$21K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $246K, expenses of $246K, and assets of $151K (revenue -1.7% year-over-year).
2022: Revenue of $250K, expenses of $182K, and assets of $149K (revenue +25.2% year-over-year).
2021: Revenue of $200K, expenses of $186K, and assets of $93K (revenue -1.6% year-over-year).
2020: Revenue of $203K, expenses of $177K, and assets of $84K (revenue -3.5% year-over-year).
2019: Revenue of $210K, expenses of $220K, and assets of $54K (revenue -35.3% year-over-year).
2018: Revenue of $325K, expenses of $346K, and assets of $56K (revenue +4.1% year-over-year).
2017: Revenue of $312K, expenses of $347K, and assets of $77K (revenue +8.1% year-over-year).
2016: Revenue of $289K, expenses of $401K, and assets of $107K (revenue -14.6% year-over-year).
2015: Revenue of $338K, expenses of $420K, and assets of $219K (revenue -21.0% year-over-year).
2014: Revenue of $428K, expenses of $379K, and assets of $300K (revenue -4.4% year-over-year).
2013: Revenue of $448K, expenses of $273K, and assets of $248K (revenue +46.9% year-over-year).
2012: Revenue of $305K, expenses of $256K, and assets of $84K (revenue +34.3% year-over-year).
2011: Revenue of $227K, expenses of $214K, and assets of $45K.

Data Sources and Methodology

This transparency report for Carleton Project 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.