Childrens Museum And Theatre Of Maine
Children's Museum and Theatre of Maine reports a $532,221 deficit in 2023 after significant asset growth.
EIN: 10352258 · Portland, ME · NTEE: A52 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $3.9M |
| Program Spending | 75% |
| Net Assets | $13.8M |
| Transparency Score | 75/100 |
Is Childrens Museum And Theatre Of Maine Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Childrens Museum And Theatre Of Maine directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Childrens Museum And Theatre Of Maine
Childrens Museum And Theatre Of Maine (EIN: 10352258) is a nonprofit organization based in Portland, ME, classified under NTEE code A52. The organization reported total revenue of $3.4M and total assets of $14.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Childrens Museum And Theatre Of Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Childrens Museum And Theatre Of Maine is a mid-size nonprofit that has been operating for 49 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.9M |
| Surplus / Deficit | $-532,221 |
| Total Assets | $16.3M |
| Total Liabilities | $2.5M |
| Net Assets | $13.8M |
| Operating Margin | -15.9% |
| Debt-to-Asset Ratio | 15.4% |
| Months of Reserves | 50.5 months |
Financial Health Grade: B
In 2023, Childrens Museum And Theatre Of Maine reported a deficit of $532K with expenses exceeding revenue, holds 50.5 months of operating reserves (strong position), has a debt-to-asset ratio of 15.4% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Childrens Museum And Theatre Of Maine's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.8% | +19.0% | -5.9% |
| 2022 | +13.5% | +213.7% | -1.3% |
| 2021 | -59.8% | -24.7% | +35.0% |
| 2020 | +68.4% | -19.6% | +93.9% |
| 2019 | +62.6% | +3.2% | +28.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1977 |
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 Childrens Museum And Theatre Of Maine 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: 75%
- fundraising: 10%
According to IRS 990 filings, Childrens Museum And Theatre Of Maine allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $532K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.4%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, suggesting either that no officers receive compensation or that it is reported under a different category, which warrants further investigation for complete transparency.
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 Childrens Museum And Theatre Of Maine's IRS 990 filings:
- Deficit spending in the latest fiscal year (2023 expenses exceeded revenue by $532,221)
- Lack of detailed officer compensation reported in the provided filings (consistently 0%)
Strengths
The following positive indicators were identified for Childrens Museum And Theatre Of Maine:
- Significant asset growth over the past decade, from $2,172,632 in 2014 to $16,273,299 in 2023
- Strong revenue generation in several periods, notably $7,187,455 in 2020
- Consistent financial reporting with 12 filings available
Frequently Asked Questions about Childrens Museum And Theatre Of Maine
Is Childrens Museum And Theatre Of Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, Childrens Museum And Theatre Of Maine (EIN: 10352258) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Childrens Museum And Theatre Of Maine spend its money?
Childrens Museum And Theatre Of Maine directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Childrens Museum And Theatre Of Maine tax-deductible?
Childrens Museum And Theatre Of Maine is registered as a tax-exempt nonprofit (EIN: 10352258). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Childrens Museum And Theatre Of Maine's spending goes to programs?
Childrens Museum And Theatre Of Maine directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Childrens Museum And Theatre Of Maine compare to similar nonprofits?
With a transparency score of 75/100 (Good), Childrens Museum And Theatre Of Maine is above average for NTEE category A52 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Childrens Museum And Theatre Of Maine located?
Childrens Museum And Theatre Of Maine is headquartered in Portland, Maine and files with the IRS under EIN 10352258. It is classified under NTEE code A52.
How many years of IRS 990 filings does Childrens Museum And Theatre Of Maine have?
Childrens Museum And Theatre Of Maine 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 $3.4M in total revenue.
Is Childrens Museum And Theatre Of Maine a good charity?
Based on the available data, the organization appears to be a good charity, demonstrating significant asset growth and generally strong financial management over the past decade. However, the 2023 deficit and the lack of detailed officer compensation information in the provided filings are areas to monitor.
What caused the significant revenue spike in 2020?
The revenue spike to $7,187,455 in 2020, compared to $4,268,276 in 2019, suggests a major capital campaign or a significant one-time grant, possibly related to the new facility or pandemic relief efforts.
Why did expenses increase substantially in 2023?
Expenses increased from $3,251,455 in 2022 to $3,870,336 in 2023. This could be due to increased operational costs, expansion of programs, or investments in facilities, especially following the significant asset growth in prior years.
What is the organization's current cash reserve or liquidity position?
While assets have grown significantly, the 2023 deficit and the ratio of liabilities ($2,501,739) to assets ($16,273,299) suggest a need to examine current liquid assets to understand the organization's short-term financial flexibility.
Filing History
IRS 990 filing history for Childrens Museum And Theatre Of Maine showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Childrens Museum And Theatre Of Maine's revenue has grown by 179.7%, moving from $1.2M to $3.3M. Total assets increased by 764.4% over the same period, from $1.9M to $16.3M. Total functional expenses rose by 239.6%, from $1.1M to $3.9M. In its most recent filing year (2023), Childrens Museum And Theatre Of Maine reported a deficit of $532K, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $16.3M in assets (debt-to-asset ratio: 15.4%), resulting in net assets of $13.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.9M | $16.3M | $2.5M | — | View 990 |
| 2022 | $3.3M | $3.3M | $17.3M | $3.1M | — | View 990 |
| 2021 | $2.9M | $1.0M | $17.5M | $3.2M | — | View 990 |
| 2020 | $7.2M | $1.4M | $13.0M | $795K | — | View 990 |
| 2019 | $4.3M | $1.7M | $6.7M | $326K | — | View 990 |
| 2018 | $2.6M | $1.7M | $5.2M | $1.4M | — | View 990 |
| 2017 | $2.8M | $1.9M | $3.1M | $353K | — | View 990 |
| 2016 | $1.3M | $1.6M | $2.0M | $75K | — | View 990 |
| 2015 | $1.2M | $1.2M | $2.2M | $57K | — | View 990 |
| 2014 | $1.2M | $1.1M | $2.2M | $70K | — | View 990 |
| 2013 | $1.2M | $1.1M | $2.0M | $91K | — | View 990 |
| 2012 | $1.2M | $1.1M | $1.9M | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.9M, and assets of $16.3M (revenue +1.8% year-over-year).
- 2022: Revenue of $3.3M, expenses of $3.3M, and assets of $17.3M (revenue +13.5% year-over-year).
- 2021: Revenue of $2.9M, expenses of $1.0M, and assets of $17.5M (revenue -59.8% year-over-year).
- 2020: Revenue of $7.2M, expenses of $1.4M, and assets of $13.0M (revenue +68.4% year-over-year).
- 2019: Revenue of $4.3M, expenses of $1.7M, and assets of $6.7M (revenue +62.6% year-over-year).
- 2018: Revenue of $2.6M, expenses of $1.7M, and assets of $5.2M (revenue -5.5% year-over-year).
- 2017: Revenue of $2.8M, expenses of $1.9M, and assets of $3.1M (revenue +109.1% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.6M, and assets of $2.0M (revenue +9.3% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $2.2M (revenue +2.2% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.1M, and assets of $2.2M (revenue -1.7% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $2.0M (revenue +1.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Childrens Museum And Theatre Of Maine:
Data Sources and Methodology
This transparency report for Childrens Museum And Theatre Of Maine 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.