Carrabassett Valley Academy
Carrabassett Valley Academy shows consistent revenue growth and healthy surpluses with no reported officer compensation.
EIN: 10384633 · Carabaset Vly, ME · NTEE: B25Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.5M |
| Total Expenses | $5.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $6.8 |
| Net Assets | $12.1M |
| Transparency Score | 90/100 |
Is Carrabassett Valley Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carrabassett Valley Academy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carrabassett Valley Academy
Carrabassett Valley Academy (EIN: 10384633) is a nonprofit organization based in Carabaset Vly, ME, classified under NTEE code B25Z. The organization reported total revenue of $7.5M and total assets of $15.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carrabassett Valley Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carrabassett Valley Academy is a mid-size nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.8M |
| Total Expenses | $5.6M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $13.6M |
| Total Liabilities | $1.5M |
| Net Assets | $12.1M |
| Operating Margin | 17.5% |
| Debt-to-Asset Ratio | 11.2% |
| Months of Reserves | 29.1 months |
Financial Health Grade: A
In 2023, Carrabassett Valley Academy reported a surplus of $1.2M with revenue exceeding expenses, holds 29.1 months of operating reserves (strong position), has a debt-to-asset ratio of 11.2% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Carrabassett Valley Academy's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.0% | +4.3% | +10.4% |
| 2022 | +49.4% | +24.7% | +4.2% |
| 2021 | +21.2% | +11.0% | +9.1% |
| 2020 | -3.3% | -2.7% | -0.1% |
| 2019 | +6.9% | +2.7% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1983 |
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 Carrabassett Valley Academy with a Mission Score of 90 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, Carrabassett Valley Academy 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.2%.
Executive Compensation Analysis
Carrabassett Valley Academy consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual for an organization of its size with $6.8 million in revenue.
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 Carrabassett Valley Academy's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or through related entities, warranting further investigation.
Strengths
The following positive indicators were identified for Carrabassett Valley Academy:
- Consistent revenue growth, from $4.4 million in 2021 to $6.8 million in 2023, demonstrating increasing financial capacity.
- Healthy operating surpluses, with revenues consistently exceeding expenses (e.g., $6.8M revenue vs. $5.6M expenses in 2023).
- Steady growth in assets, increasing from $10.8 million in 2020 to $13.6 million in 2023, indicating long-term stability.
- Low liabilities relative to assets, suggesting a strong balance sheet and financial health.
- No reported officer compensation, indicating a strong commitment to directing funds towards the mission.
Frequently Asked Questions about Carrabassett Valley Academy
Is Carrabassett Valley Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Carrabassett Valley Academy (EIN: 10384633) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Carrabassett Valley Academy spend its money?
Carrabassett Valley Academy directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carrabassett Valley Academy tax-deductible?
Carrabassett Valley Academy is registered as a tax-exempt nonprofit (EIN: 10384633). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Carrabassett Valley Academy CEO make?
Carrabassett Valley Academy's highest-compensated officer earns $6.8 annually. The organization reported $7.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Carrabassett Valley Academy's spending goes to programs?
Carrabassett Valley Academy directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Carrabassett Valley Academy compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Carrabassett Valley Academy is above average for NTEE category B25Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carrabassett Valley Academy located?
Carrabassett Valley Academy is headquartered in Carabaset Vly, Maine and files with the IRS under EIN 10384633. It is classified under NTEE code B25Z.
How many years of IRS 990 filings does Carrabassett Valley Academy have?
Carrabassett Valley Academy has 12 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 $7.5M in total revenue.
Is Carrabassett Valley Academy financially stable?
Yes, the academy appears financially stable, demonstrating consistent revenue growth from $4.4 million in 2021 to $6.8 million in 2023, and maintaining a surplus where revenues exceed expenses in most recent periods.
How has the organization's asset base changed over time?
The organization's assets have shown steady growth, increasing from $10,865,068 in 2020 to $13,644,586 in 2023, indicating a healthy accumulation of resources.
Does Carrabassett Valley Academy pay its officers?
Based on the provided IRS 990 data, Carrabassett Valley Academy consistently reports 0% officer compensation across all 12 filings, suggesting no compensation is paid to its officers.
Filing History
IRS 990 filing history for Carrabassett Valley Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Carrabassett Valley Academy's revenue has grown by 75.9%, moving from $3.9M to $6.8M. Total assets increased by 82.8% over the same period, from $7.5M to $13.6M. Total functional expenses rose by 49.8%, from $3.8M to $5.6M. In its most recent filing year (2023), Carrabassett Valley Academy reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $13.6M in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $12.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.8M | $5.6M | $13.6M | $1.5M | — | View 990 |
| 2022 | $6.6M | $5.4M | $12.4M | $1.5M | — | View 990 |
| 2021 | $4.4M | $4.3M | $11.9M | $2.0M | — | — |
| 2020 | $3.7M | $3.9M | $10.9M | $1.5M | — | View 990 |
| 2019 | $3.8M | $4.0M | $10.9M | $1.3M | — | View 990 |
| 2018 | $3.5M | $3.9M | $11.0M | $1.4M | — | View 990 |
| 2017 | $4.8M | $4.2M | $11.5M | $1.6M | — | View 990 |
| 2016 | $6.4M | $4.7M | $11.0M | $1.9M | — | View 990 |
| 2015 | $5.3M | $4.5M | $10.2M | $2.6M | — | View 990 |
| 2014 | $4.1M | $4.0M | $10.3M | $3.5M | — | View 990 |
| 2013 | $3.7M | $3.8M | $9.7M | $3.1M | — | View 990 |
| 2012 | $3.9M | $3.8M | $7.5M | $831K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.8M, expenses of $5.6M, and assets of $13.6M (revenue +3.0% year-over-year).
- 2022: Revenue of $6.6M, expenses of $5.4M, and assets of $12.4M (revenue +49.4% year-over-year).
- 2021: Revenue of $4.4M, expenses of $4.3M, and assets of $11.9M (revenue +21.2% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.9M, and assets of $10.9M (revenue -3.3% year-over-year).
- 2019: Revenue of $3.8M, expenses of $4.0M, and assets of $10.9M (revenue +6.9% year-over-year).
- 2018: Revenue of $3.5M, expenses of $3.9M, and assets of $11.0M (revenue -26.8% year-over-year).
- 2017: Revenue of $4.8M, expenses of $4.2M, and assets of $11.5M (revenue -24.6% year-over-year).
- 2016: Revenue of $6.4M, expenses of $4.7M, and assets of $11.0M (revenue +21.1% year-over-year).
- 2015: Revenue of $5.3M, expenses of $4.5M, and assets of $10.2M (revenue +30.1% year-over-year).
- 2014: Revenue of $4.1M, expenses of $4.0M, and assets of $10.3M (revenue +9.0% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.8M, and assets of $9.7M (revenue -3.7% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.8M, and assets of $7.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carrabassett Valley Academy:
Data Sources and Methodology
This transparency report for Carrabassett Valley Academy 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.