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
| Metric | Value |
|---|---|
| Total Revenue | $161K |
| Total Expenses | $246K |
| Program Spending | 90% |
| Net Assets | $147K |
| Transparency Score | 92/100 |
Search Intent Cockpit
Carleton Project Form 990, Revenue, CEO Pay, and IRS Filing Signals
Carleton Project is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Carleton Project in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $246K and expenses of $246K.
Revenue and Expenses
Carleton Project reported $246K in revenue and $246K in expenses, a deficit of $118.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
92/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Carleton Project Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $221K (90%) |
Across stored filings, Carleton Project shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Category F context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Maine Composite Materials Applied Technology Development Center →All Maine nonprofits
All Category F
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Houlton, ME nonprofitsCategory F in Maine
Health in Maine
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Category F spending
Best Category F charities in Maine
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Verify
Some Concerns. Check deductibility, filings, and red flags.
2Understand money
90% of spending goes to programs.
3Compare
Benchmark against Maine Composite Materials Applied Technology Development Center.
4Decide
Build a shortlist, compare alternatives, and review the latest filing before giving.
Alternative Shopping
Similar Nonprofits Donors Should Compare
Crabtree Neck Land Trust
Hancock, ME · $836K revenue · Score 95/100
Compare side-by-sideAmerican Legion Post 0019 Thomas W Cole Post
Sanford, ME · $1.1M revenue · Score 85/100
Compare side-by-sideAgamenticus Yacht Club Of York
York Harbor, ME · $325K revenue · Score 85/100
Compare side-by-sideAmerican Legion
Winslow, ME · $226K revenue · Score 85/100
Compare side-by-sideNext Best Actions
Keep the Investigation Moving
Carleton Project directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Carleton Project is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $246K |
| Total Expenses | $246K |
| Surplus / Deficit | $-118 |
| Total Assets | $151K |
| Total Liabilities | $4K |
| Net Assets | $147K |
| Operating Margin | -0.0% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 7.3 months |
Financial Health Grade: B
In 2023, Carleton Project reported a deficit of $118 with expenses exceeding revenue, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Carleton Project's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.7% | +35.3% | +0.8% |
| 2022 | +25.2% | -2.2% | +60.2% |
| 2021 | -1.6% | +4.7% | +11.1% |
| 2020 | -3.5% | -19.2% | +55.3% |
| 2019 | -35.3% | -36.5% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $118, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.5%.
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 legitimate charity?
Carleton Project (EIN: 10516247) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $161K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Carleton Project spend its money?
Carleton Project directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Carleton Project tax-deductible?
Carleton Project is registered as a tax-exempt nonprofit (EIN: 10516247). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Carleton Project's spending goes to programs?
Carleton Project directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Carleton Project compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Carleton Project is above average for NTEE category F21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carleton Project located?
Carleton Project is headquartered in Houlton, Maine and files with the IRS under EIN 10516247. It is classified under NTEE code F21.
How many years of IRS 990 filings does Carleton Project have?
Carleton Project has 13 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 $161K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carleton Project:
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.