Chabad Lubavitch Of Maine Inc
Chabad Lubavitch of Maine: Consistent Growth, Limited Transparency
EIN: 223031717 · Portland, ME · NTEE: X30Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $733K |
| Total Expenses | $535K |
| Program Spending | 70% |
| Net Assets | $1.6M |
| Transparency Score | 75/100 |
Is Chabad Lubavitch Of Maine Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chabad Lubavitch Of Maine Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Chabad Lubavitch Of Maine Inc
Chabad Lubavitch Of Maine Inc (EIN: 223031717) is a nonprofit organization based in Portland, ME, classified under NTEE code X30Z. The organization reported total revenue of $733K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chabad Lubavitch Of Maine Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chabad Lubavitch Of Maine Inc is a small nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 13.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $733K |
| Total Expenses | $535K |
| Surplus / Deficit | +$198K |
| Total Assets | $1.6M |
| Total Liabilities | $30K |
| Net Assets | $1.6M |
| Operating Margin | 27.0% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 36.5 months |
Financial Health Grade: A
In 2022, Chabad Lubavitch Of Maine Inc reported a surplus of $198K with revenue exceeding expenses, holds 36.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Chabad Lubavitch Of Maine Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +20.8% | +14.6% | +13.1% |
| 2021 | +58.0% | +60.8% | +10.9% |
| 2020 | +3.5% | -0.4% | +6.6% |
| 2019 | +11.9% | +16.6% | +7.5% |
| 2018 | +14.5% | +17.9% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Chabad Lubavitch Of Maine Inc with a Mission Score of 75 out of 100 (Good). 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: 70%
- fundraising: 15%
According to IRS 990 filings, Chabad Lubavitch Of Maine Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $198K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided filings, indicating it is likely below the threshold for separate reporting or is included within general administrative expenses.
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 Chabad Lubavitch Of Maine Inc's IRS 990 filings:
- Lack of detailed program expense breakdown in filings.
- Limited public transparency regarding specific impact and governance policies.
Strengths
The following positive indicators were identified for Chabad Lubavitch Of Maine Inc:
- Consistent revenue growth over the past several years, from $243,226 in 2016 to $732,847 in 2022.
- Healthy asset growth, increasing from $1,055,290 in 2016 to $1,628,755 in 2022.
- Low liability-to-asset ratio, indicating strong financial stability (e.g., $30,137 in liabilities vs. $1,628,755 in assets in 2022).
Frequently Asked Questions about Chabad Lubavitch Of Maine Inc
Is Chabad Lubavitch Of Maine Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chabad Lubavitch Of Maine Inc (EIN: 223031717) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Chabad Lubavitch Of Maine Inc spend its money?
Chabad Lubavitch Of Maine Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chabad Lubavitch Of Maine Inc tax-deductible?
Chabad Lubavitch Of Maine Inc is registered as a tax-exempt nonprofit (EIN: 223031717). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chabad Lubavitch Of Maine Inc's spending goes to programs?
Chabad Lubavitch Of Maine Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Chabad Lubavitch Of Maine Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Chabad Lubavitch Of Maine Inc is above average for NTEE category X30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chabad Lubavitch Of Maine Inc located?
Chabad Lubavitch Of Maine Inc is headquartered in Portland, Maine and files with the IRS under EIN 223031717. It is classified under NTEE code X30Z.
How many years of IRS 990 filings does Chabad Lubavitch Of Maine Inc have?
Chabad Lubavitch Of Maine Inc 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 $733K in total revenue.
What does Chabad Lubavitch Of Maine Inc do?
Chabad Lubavitch Of Maine Inc is a nonprofit organization in the Religion-Related sector, located in Portland, Maine. It is classified under NTEE code X30Z.
How much revenue does Chabad Lubavitch Of Maine Inc have?
Chabad Lubavitch Of Maine Inc reported total revenue of $732,847. Based on 12 IRS 990 filings on record.
What are Chabad Lubavitch Of Maine Inc's total assets?
Chabad Lubavitch Of Maine Inc holds total assets of $1,628,755 as reported in IRS 990 filings.
Where is Chabad Lubavitch Of Maine Inc located?
Chabad Lubavitch Of Maine Inc is based in Portland, Maine.
What is Chabad Lubavitch Of Maine Inc's EIN?
Chabad Lubavitch Of Maine Inc's Employer Identification Number (EIN) is 223031717. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Chabad Lubavitch Of Maine Inc?
Chabad Lubavitch Of Maine Inc is classified under NTEE code X30Z (Religion-Related).
Is Chabad Lubavitch Of Maine Inc a registered 501(c)(3)?
Yes, Chabad Lubavitch Of Maine Inc is recognized as a tax-exempt organization by the IRS. EIN: 223031717.
Does Chabad Lubavitch Of Maine Inc file IRS Form 990?
Yes, Chabad Lubavitch Of Maine Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202212.
What was Chabad Lubavitch Of Maine Inc's revenue in 2022?
In the 202212 filing period, Chabad Lubavitch Of Maine Inc reported total revenue of $732,847, total expenses of $534,828, and net assets of $1,628,755.
Is Chabad Lubavitch Of Maine Inc's revenue growing or declining?
Chabad Lubavitch Of Maine Inc's revenue is growing. Revenue went from $606,795 (202112) to $732,847 (202212), a +20.8% change. Based on 12 filings on record.
What is Chabad Lubavitch Of Maine Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Chabad Lubavitch Of Maine Inc covers tax period 202212. It shows revenue of $732,847, expenses of $534,828, total assets of $1,628,755, and liabilities of $30,137.
How much does Chabad Lubavitch Of Maine Inc spend on programs vs administration?
Based on IRS 990 analysis, Chabad Lubavitch Of Maine Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Chabad Lubavitch Of Maine Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Chabad Lubavitch Of Maine Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Chabad Lubavitch Of Maine Inc?
The following concerns were identified: Lack of detailed program expense breakdown in filings.. Limited public transparency regarding specific impact and governance policies.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Chabad Lubavitch Of Maine Inc's strengths?
Positive indicators for Chabad Lubavitch Of Maine Inc include: Consistent revenue growth over the past several years, from $243,226 in 2016 to $732,847 in 2022.. Healthy asset growth, increasing from $1,055,290 in 2016 to $1,628,755 in 2022.. Low liability-to-asset ratio, indicating strong financial stability (e.g., $30,137 in liabilities vs. $1,628,755 in assets in 2022).. These findings are derived from AI analysis of the organization's financial filings.
How does Chabad Lubavitch Of Maine Inc compensate executives?
Executive compensation is not explicitly detailed in the provided filings, indicating it is likely below the threshold for separate reporting or is included within general administrative expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Chabad Lubavitch of Maine allocate its program expenses given the lack of detailed breakdown in public filings?
Without more granular reporting, it's challenging to determine the specific allocation across their various programs (e.g., educational, outreach, community services). The current filings only show a consolidated 'expenses' figure.
What is the organization's strategy for maintaining its low liability-to-asset ratio amidst consistent growth?
The organization appears to manage its finances conservatively, avoiding significant debt. This could be due to a reliance on donations for capital expenditures or a deliberate strategy to maintain a strong balance sheet, as evidenced by liabilities consistently being a small fraction of total assets.
Filing History
IRS 990 filing history for Chabad Lubavitch Of Maine Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Chabad Lubavitch Of Maine Inc's revenue has grown by 317.8%, moving from $175K to $733K. Total assets increased by 304.9% over the same period, from $402K to $1.6M. Total functional expenses rose by 208.1%, from $174K to $535K. In its most recent filing year (2022), Chabad Lubavitch Of Maine Inc reported a surplus of $198K, with revenue exceeding expenses. The organization holds $30K in liabilities against $1.6M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $733K | $535K | $1.6M | $30K | — | — |
| 2021 | $607K | $467K | $1.4M | $40K | — | View 990 |
| 2020 | $384K | $290K | $1.3M | $39K | — | View 990 |
| 2019 | $371K | $292K | $1.2M | $52K | — | View 990 |
| 2018 | $332K | $250K | $1.1M | $47K | — | View 990 |
| 2017 | $290K | $212K | $1.1M | $88K | — | View 990 |
| 2016 | $243K | $225K | $1.1M | $126K | — | View 990 |
| 2015 | $663K | $194K | $1.1M | $173K | — | View 990 |
| 2014 | $238K | $192K | $783K | $341K | — | View 990 |
| 2013 | $219K | $205K | $412K | $16K | — | View 990 |
| 2012 | $168K | $166K | $397K | $16K | — | View 990 |
| 2011 | $175K | $174K | $402K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $733K, expenses of $535K, and assets of $1.6M (revenue +20.8% year-over-year).
- 2021: Revenue of $607K, expenses of $467K, and assets of $1.4M (revenue +58.0% year-over-year).
- 2020: Revenue of $384K, expenses of $290K, and assets of $1.3M (revenue +3.5% year-over-year).
- 2019: Revenue of $371K, expenses of $292K, and assets of $1.2M (revenue +11.9% year-over-year).
- 2018: Revenue of $332K, expenses of $250K, and assets of $1.1M (revenue +14.5% year-over-year).
- 2017: Revenue of $290K, expenses of $212K, and assets of $1.1M (revenue +19.1% year-over-year).
- 2016: Revenue of $243K, expenses of $225K, and assets of $1.1M (revenue -63.3% year-over-year).
- 2015: Revenue of $663K, expenses of $194K, and assets of $1.1M (revenue +178.1% year-over-year).
- 2014: Revenue of $238K, expenses of $192K, and assets of $783K (revenue +9.0% year-over-year).
- 2013: Revenue of $219K, expenses of $205K, and assets of $412K (revenue +30.2% year-over-year).
- 2012: Revenue of $168K, expenses of $166K, and assets of $397K (revenue -4.2% year-over-year).
- 2011: Revenue of $175K, expenses of $174K, and assets of $402K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chabad Lubavitch Of Maine Inc:
Data Sources and Methodology
This transparency report for Chabad Lubavitch Of Maine Inc 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.