Chebeague Recreation Center Inc
Chebeague Recreation Center Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 10509203 · Chebeague Is, ME · NTEE: N32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $584K |
| Total Expenses | $463K |
| Program Spending | 85% |
| Net Assets | $1.1M |
| Transparency Score | 90/100 |
Is Chebeague Recreation Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chebeague Recreation Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chebeague Recreation Center Inc
Chebeague Recreation Center Inc (EIN: 10509203) is a nonprofit organization based in Chebeague Is, ME, classified under NTEE code N32. The organization reported total revenue of $584K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chebeague Recreation Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chebeague Recreation Center Inc is a small nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $493K |
| Total Expenses | $463K |
| Surplus / Deficit | +$31K |
| Total Assets | $1.1M |
| Total Liabilities | $54K |
| Net Assets | $1.1M |
| Operating Margin | 6.2% |
| Debt-to-Asset Ratio | 4.9% |
| Months of Reserves | 28.7 months |
Financial Health Grade: A
In 2023, Chebeague Recreation Center Inc reported a surplus of $31K with revenue exceeding expenses, holds 28.7 months of operating reserves (strong position), has a debt-to-asset ratio of 4.9% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Chebeague Recreation Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.3% | +30.7% | +11.3% |
| 2022 | -4.8% | +9.0% | -4.2% |
| 2021 | +56.9% | +23.5% | +11.2% |
| 2020 | -2.9% | -12.5% | +0.9% |
| 2019 | -25.4% | +6.1% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Chebeague Recreation Center Inc 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, Chebeague Recreation Center Inc 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 $31K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.9%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available filings, indicating that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for directing funds to programs.
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.
Strengths
The following positive indicators were identified for Chebeague Recreation Center Inc:
- Consistent revenue growth, increasing from $201,130 in 2014 to $493,386 in 2023.
- Strong asset accumulation, growing from $860,169 in 2014 to $1,106,273 in 2023.
- No reported officer compensation across all 14 filings, indicating high efficiency and transparency.
- Positive net income in recent years ($30,574 in 2023, $2,785 in 2022), showing effective expense management.
- Low liabilities relative to assets, indicating a healthy balance sheet.
Frequently Asked Questions about Chebeague Recreation Center Inc
Is Chebeague Recreation Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chebeague Recreation Center Inc (EIN: 10509203) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Chebeague Recreation Center Inc spend its money?
Chebeague Recreation Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chebeague Recreation Center Inc tax-deductible?
Chebeague Recreation Center Inc is registered as a tax-exempt nonprofit (EIN: 10509203). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chebeague Recreation Center Inc's spending goes to programs?
Chebeague Recreation Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chebeague Recreation Center Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Chebeague Recreation Center Inc is above average for NTEE category N32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chebeague Recreation Center Inc located?
Chebeague Recreation Center Inc is headquartered in Chebeague Is, Maine and files with the IRS under EIN 10509203. It is classified under NTEE code N32.
How many years of IRS 990 filings does Chebeague Recreation Center Inc have?
Chebeague Recreation Center Inc has 14 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 $584K in total revenue.
Is Chebeague Recreation Center Inc a good charity?
Based on the available financial data, Chebeague Recreation Center Inc appears to be a very good charity. It demonstrates consistent financial growth, strong asset management, and a notable commitment to directing resources to its mission by reporting no officer compensation across all filings.
How has the organization's revenue trended over the last decade?
The organization has shown a strong upward trend in revenue, increasing from $201,130 in 2014 to $493,386 in 2023, indicating growing support and financial capacity.
What is the organization's asset growth like?
Chebeague Recreation Center Inc has consistently grown its assets, from $860,169 in 2014 to $1,106,273 in 2023, demonstrating effective long-term financial management and stability.
Filing History
IRS 990 filing history for Chebeague Recreation Center Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Chebeague Recreation Center Inc's revenue has grown by 98.7%, moving from $248K to $493K. Total assets increased by 26.2% over the same period, from $876K to $1.1M. Total functional expenses rose by 80.2%, from $257K to $463K. In its most recent filing year (2023), Chebeague Recreation Center Inc reported a surplus of $31K, with revenue exceeding expenses. The organization holds $54K in liabilities against $1.1M in assets (debt-to-asset ratio: 4.9%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $493K | $463K | $1.1M | $54K | — | — |
| 2022 | $357K | $354K | $994K | $16K | — | View 990 |
| 2021 | $375K | $325K | $1.0M | $6K | — | View 990 |
| 2020 | $239K | $263K | $933K | $-59 | — | View 990 |
| 2019 | $246K | $300K | $924K | $318 | — | — |
| 2018 | $330K | $283K | $930K | $319 | — | View 990 |
| 2017 | $254K | $285K | $880K | $3K | — | View 990 |
| 2016 | $260K | $252K | $887K | $7K | — | View 990 |
| 2015 | $229K | $230K | $861K | $4K | — | View 990 |
| 2014 | $201K | $232K | $860K | $4K | — | View 990 |
| 2013 | $209K | $231K | $881K | $2K | — | View 990 |
| 2012 | $238K | $230K | $889K | $5K | — | View 990 |
| 2012 | $248K | $257K | $876K | $2K | — | — |
| 2011 | $248K | $257K | $876K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $493K, expenses of $463K, and assets of $1.1M (revenue +38.3% year-over-year).
- 2022: Revenue of $357K, expenses of $354K, and assets of $994K (revenue -4.8% year-over-year).
- 2021: Revenue of $375K, expenses of $325K, and assets of $1.0M (revenue +56.9% year-over-year).
- 2020: Revenue of $239K, expenses of $263K, and assets of $933K (revenue -2.9% year-over-year).
- 2019: Revenue of $246K, expenses of $300K, and assets of $924K (revenue -25.4% year-over-year).
- 2018: Revenue of $330K, expenses of $283K, and assets of $930K (revenue +29.8% year-over-year).
- 2017: Revenue of $254K, expenses of $285K, and assets of $880K (revenue -2.3% year-over-year).
- 2016: Revenue of $260K, expenses of $252K, and assets of $887K (revenue +13.4% year-over-year).
- 2015: Revenue of $229K, expenses of $230K, and assets of $861K (revenue +14.0% year-over-year).
- 2014: Revenue of $201K, expenses of $232K, and assets of $860K (revenue -3.6% year-over-year).
- 2013: Revenue of $209K, expenses of $231K, and assets of $881K (revenue -12.4% year-over-year).
- 2012: Revenue of $238K, expenses of $230K, and assets of $889K (revenue -4.1% year-over-year).
- 2012: Revenue of $248K, expenses of $257K, and assets of $876K (revenue +0.0% year-over-year).
- 2011: Revenue of $248K, expenses of $257K, and assets of $876K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chebeague Recreation Center Inc:
Data Sources and Methodology
This transparency report for Chebeague Recreation Center 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.