Central Maine Growth Council
Central Maine Growth Council shows strong revenue and asset growth with no reported officer compensation.
EIN: 10546258 · Waterville, ME · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $835K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $539K |
| Transparency Score | 90/100 |
Is Central Maine Growth Council Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Maine Growth Council directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Maine Growth Council
Central Maine Growth Council (EIN: 10546258) is a nonprofit organization based in Waterville, ME, classified under NTEE code S30. The organization reported total revenue of $1.8M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Maine Growth Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Maine Growth Council is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 17.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $835K |
| Surplus / Deficit | +$273K |
| Total Assets | $788K |
| Total Liabilities | $249K |
| Net Assets | $539K |
| Operating Margin | 24.7% |
| Debt-to-Asset Ratio | 31.6% |
| Months of Reserves | 11.3 months |
Financial Health Grade: A
In 2023, Central Maine Growth Council reported a surplus of $273K with revenue exceeding expenses, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 31.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2010–2023), Central Maine Growth Council's revenue has grown at a compound annual growth rate (CAGR) of 17.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +82.4% | +40.8% | +124.6% |
| 2022 | +81.8% | +83.7% | -6.7% |
| 2021 | +23.0% | +15.7% | +50.9% |
| 2020 | -16.4% | +16.7% | +0.8% |
| 2019 | +51.3% | +42.4% | +50.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Central Maine Growth Council 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Central Maine Growth Council allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $273K, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with over $1 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 Central Maine Growth Council's IRS 990 filings:
- Consistent 0% officer compensation, which is unusual for an organization of this size and may warrant further investigation into how leadership is compensated or if services are provided pro bono.
Strengths
The following positive indicators were identified for Central Maine Growth Council:
- Strong and consistent revenue growth, from $148,977 in 2015 to $1,108,572 in 2023.
- Significant asset accumulation, growing from $67,350 in 2015 to $787,639 in 2023.
- Expenses consistently lower than revenue, indicating sound financial management (e.g., $835,137 expenses vs. $1,108,572 revenue in 2023).
- No reported officer compensation, suggesting a high dedication of funds to the mission.
Frequently Asked Questions about Central Maine Growth Council
Is Central Maine Growth Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Maine Growth Council (EIN: 10546258) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Central Maine Growth Council spend its money?
Central Maine Growth Council directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Central Maine Growth Council tax-deductible?
Central Maine Growth Council is registered as a tax-exempt nonprofit (EIN: 10546258). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Central Maine Growth Council CEO make?
Central Maine Growth Council's highest-compensated officer earns $1 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Central Maine Growth Council's spending goes to programs?
Central Maine Growth Council directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Central Maine Growth Council compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Central Maine Growth Council is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Central Maine Growth Council located?
Central Maine Growth Council is headquartered in Waterville, Maine and files with the IRS under EIN 10546258. It is classified under NTEE code S30.
How many years of IRS 990 filings does Central Maine Growth Council have?
Central Maine Growth Council 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 $1.8M in total revenue.
Is Central Maine Growth Council a good charity?
Based on the provided financial data, Central Maine Growth Council appears to be a financially healthy and well-managed organization. It demonstrates strong revenue growth, increasing assets, and a notable absence of officer compensation, suggesting a high dedication of resources to its mission.
How has Central Maine Growth Council's revenue changed over time?
Central Maine Growth Council has experienced significant revenue growth, increasing from $148,977 in 2015 to $1,108,572 in 2023, with a peak of $1,757,630 in its latest reported revenue.
What is the trend in Central Maine Growth Council's assets?
The organization's assets have shown consistent and substantial growth, from $67,350 in 2015 to $787,639 in 2023, indicating strong financial accumulation and stability.
Filing History
IRS 990 filing history for Central Maine Growth Council showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Central Maine Growth Council's revenue has grown by 730.2%, moving from $134K to $1.1M. Total assets increased by 749.6% over the same period, from $93K to $788K. Total functional expenses rose by 582%, from $122K to $835K. In its most recent filing year (2023), Central Maine Growth Council reported a surplus of $273K, with revenue exceeding expenses. The organization holds $249K in liabilities against $788K in assets (debt-to-asset ratio: 31.6%), resulting in net assets of $539K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $835K | $788K | $249K | — | View 990 |
| 2022 | $608K | $593K | $351K | $85K | — | View 990 |
| 2021 | $334K | $323K | $376K | $125K | — | View 990 |
| 2020 | $272K | $279K | $249K | $9K | — | View 990 |
| 2019 | $325K | $239K | $247K | $408 | — | View 990 |
| 2018 | $215K | $168K | $164K | $3K | — | View 990 |
| 2017 | $186K | $159K | $118K | $4K | — | View 990 |
| 2016 | $163K | $143K | $99K | $12K | — | View 990 |
| 2015 | $149K | $123K | $67K | $0 | — | View 990 |
| 2014 | $153K | $174K | $42K | $645 | — | View 990 |
| 2013 | $109K | $155K | $64K | $2K | — | View 990 |
| 2012 | $100K | $118K | $108K | $50 | — | View 990 |
| 2010 | $134K | $122K | $93K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $835K, and assets of $788K (revenue +82.4% year-over-year).
- 2022: Revenue of $608K, expenses of $593K, and assets of $351K (revenue +81.8% year-over-year).
- 2021: Revenue of $334K, expenses of $323K, and assets of $376K (revenue +23.0% year-over-year).
- 2020: Revenue of $272K, expenses of $279K, and assets of $249K (revenue -16.4% year-over-year).
- 2019: Revenue of $325K, expenses of $239K, and assets of $247K (revenue +51.3% year-over-year).
- 2018: Revenue of $215K, expenses of $168K, and assets of $164K (revenue +15.5% year-over-year).
- 2017: Revenue of $186K, expenses of $159K, and assets of $118K (revenue +14.2% year-over-year).
- 2016: Revenue of $163K, expenses of $143K, and assets of $99K (revenue +9.3% year-over-year).
- 2015: Revenue of $149K, expenses of $123K, and assets of $67K (revenue -2.6% year-over-year).
- 2014: Revenue of $153K, expenses of $174K, and assets of $42K (revenue +40.8% year-over-year).
- 2013: Revenue of $109K, expenses of $155K, and assets of $64K (revenue +8.7% year-over-year).
- 2012: Revenue of $100K, expenses of $118K, and assets of $108K (revenue -25.2% year-over-year).
- 2010: Revenue of $134K, expenses of $122K, and assets of $93K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Maine Growth Council:
Data Sources and Methodology
This transparency report for Central Maine 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.