Channing Chapel Preservation Society
Channing Chapel Preservation Society maintains strong assets and zero liabilities, consistently reporting no officer compensation.
EIN: 10481458 · Winter Harbor, ME · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15K |
| Total Expenses | $12K |
| Program Spending | 90% |
| Net Assets | $433K |
| Transparency Score | 92/100 |
Is Channing Chapel Preservation Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Channing Chapel Preservation Society directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Channing Chapel Preservation Society
Channing Chapel Preservation Society (EIN: 10481458) is a nonprofit organization based in Winter Harbor, ME, classified under NTEE code A80. The organization reported total revenue of $15K and total assets of $421K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Channing Chapel Preservation Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Channing Chapel Preservation Society is a micro nonprofit that has been operating for 32 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $12K |
| Surplus / Deficit | $-4,068 |
| Total Assets | $433K |
| Net Assets | $433K |
| Operating Margin | -49.9% |
| Months of Reserves | 425.7 months |
Financial Health Grade: B
In 2023, Channing Chapel Preservation Society reported a deficit of $4K with expenses exceeding revenue, holds 425.7 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Channing Chapel Preservation Society's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.5% | +71.6% | +0.7% |
| 2022 | +6.1% | +22.6% | -6.4% |
| 2021 | +459.6% | +7.0% | +7.0% |
| 2020 | -82.3% | +2.5% | +4.7% |
| 2019 | -3.9% | -89.8% | +4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Channing Chapel Preservation Society 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Channing Chapel Preservation Society allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $4K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers. This suggests a volunteer-led organization, which is highly commendable for a nonprofit of its size and mission.
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 Channing Chapel Preservation Society's IRS 990 filings:
- Significant expense deficit in 2018 ($51,830 expenses vs. $7,697 revenue) without clear explanation in summary data.
- Expenses exceeded revenue in 2023 ($12,218 expenses vs. $8,150 revenue), indicating a draw on reserves.
Strengths
The following positive indicators were identified for Channing Chapel Preservation Society:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Maintains a strong and stable asset base (over $400,000) relative to its annual revenue.
- Consistently reports zero liabilities, demonstrating strong financial health and responsible management.
- Long filing history (12 filings) indicates consistent transparency and compliance.
- Strong program focus implied by lack of executive compensation and preservation mission.
Frequently Asked Questions about Channing Chapel Preservation Society
Is Channing Chapel Preservation Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Channing Chapel Preservation Society (EIN: 10481458) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Channing Chapel Preservation Society spend its money?
Channing Chapel Preservation Society directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Channing Chapel Preservation Society tax-deductible?
Channing Chapel Preservation Society is registered as a tax-exempt nonprofit (EIN: 10481458). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Channing Chapel Preservation Society compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Channing Chapel Preservation Society is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Channing Chapel Preservation Society located?
Channing Chapel Preservation Society is headquartered in Winter Harbor, Maine and files with the IRS under EIN 10481458. It is classified under NTEE code A80.
How many years of IRS 990 filings does Channing Chapel Preservation Society have?
Channing Chapel Preservation Society 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 $15K in total revenue.
Is Channing Chapel Preservation Society a good charity?
Based on its financial data, Channing Chapel Preservation Society appears to be a good charity. It maintains a strong asset base, consistently reports zero liabilities, and dedicates 0% of its expenses to officer compensation, indicating a high commitment to its mission and efficient use of funds.
What caused the significant expense spike in 2018?
In 2018, the organization reported expenses of $51,830 against revenue of $7,697. The 990 filing itself would need to be reviewed to understand the specific nature of these expenditures, which could indicate a major preservation project or capital improvement.
How does the organization sustain itself with fluctuating revenue?
Despite fluctuating annual revenues, the organization maintains a substantial asset base (e.g., $433,387 in 2023). This suggests it likely relies on a combination of donations, grants, and potentially investment income from its assets to cover operational costs and fund preservation projects, drawing from reserves when revenue is lower than expenses, as seen in 2023.
Filing History
IRS 990 filing history for Channing Chapel Preservation Society showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Channing Chapel Preservation Society's revenue has grown by 3.9%, moving from $8K to $8K. Total assets increased by 14.2% over the same period, from $380K to $433K. Total functional expenses rose by 358.5%, from $3K to $12K. In its most recent filing year (2023), Channing Chapel Preservation Society reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $12K | $433K | $0 | — | — |
| 2022 | $8K | $7K | $431K | $0 | — | View 990 |
| 2021 | $7K | $6K | $460K | $0 | — | View 990 |
| 2020 | $1K | $5K | $430K | $0 | — | View 990 |
| 2019 | $7K | $5K | $411K | $0 | — | View 990 |
| 2018 | $8K | $52K | $394K | $0 | — | View 990 |
| 2017 | $63K | $29K | $455K | $0 | — | View 990 |
| 2016 | $42K | $27K | $407K | $0 | — | View 990 |
| 2015 | $7K | $6K | $389K | $0 | — | View 990 |
| 2014 | $7K | $3K | $396K | $0 | — | View 990 |
| 2013 | $3K | $5K | $393K | $0 | — | View 990 |
| 2011 | $8K | $3K | $380K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8K, expenses of $12K, and assets of $433K (revenue +4.5% year-over-year).
- 2022: Revenue of $8K, expenses of $7K, and assets of $431K (revenue +6.1% year-over-year).
- 2021: Revenue of $7K, expenses of $6K, and assets of $460K (revenue +459.6% year-over-year).
- 2020: Revenue of $1K, expenses of $5K, and assets of $430K (revenue -82.3% year-over-year).
- 2019: Revenue of $7K, expenses of $5K, and assets of $411K (revenue -3.9% year-over-year).
- 2018: Revenue of $8K, expenses of $52K, and assets of $394K (revenue -87.8% year-over-year).
- 2017: Revenue of $63K, expenses of $29K, and assets of $455K (revenue +48.5% year-over-year).
- 2016: Revenue of $42K, expenses of $27K, and assets of $407K (revenue +484.4% year-over-year).
- 2015: Revenue of $7K, expenses of $6K, and assets of $389K (revenue +6.8% year-over-year).
- 2014: Revenue of $7K, expenses of $3K, and assets of $396K (revenue +112.2% year-over-year).
- 2013: Revenue of $3K, expenses of $5K, and assets of $393K (revenue -59.3% year-over-year).
- 2011: Revenue of $8K, expenses of $3K, and assets of $380K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Channing Chapel Preservation Society:
Data Sources and Methodology
This transparency report for Channing Chapel Preservation Society 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.