Christmas Cove Improvement Assoc
Christmas Cove Improvement Assoc maintains strong financial health with volunteer leadership and growing assets.
EIN: 10264870 · Damariscotta, ME · Updated: 2026-03-28
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Christmas Cove Improvement Assoc is mapped to EIN 10264870.
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13 stored filing years available.
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90% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $601K |
| Total Expenses | $372K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2.5 |
| Net Assets | $2.4M |
| Transparency Score | 95/100 |
Search Intent Cockpit
Christmas Cove Improvement Assoc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Christmas Cove Improvement Assoc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Christmas Cove Improvement Assoc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $517K and expenses of $372K.
Revenue and Expenses
Christmas Cove Improvement Assoc reported $517K in revenue and $372K in expenses, a surplus of $145K.
Executive Compensation
Top officer compensation appears as $2.5 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
95/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Christmas Cove Improvement Assoc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $335K (90%) |
Across stored filings, Christmas Cove Improvement Assoc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
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Damariscotta, ME nonprofitsFollow the Money
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Christmas Cove Improvement Assoc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Christmas Cove Improvement Assoc
Christmas Cove Improvement Assoc (EIN: 10264870) is a nonprofit organization based in Damariscotta, ME. The organization reported total revenue of $601K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Christmas Cove Improvement Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Christmas Cove Improvement Assoc is a small nonprofit that has been operating for 44 years, with 13 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 | $517K |
| Total Expenses | $372K |
| Surplus / Deficit | +$145K |
| Total Assets | $2.4M |
| Total Liabilities | $3K |
| Net Assets | $2.4M |
| Operating Margin | 28.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 76.1 months |
Financial Health Grade: A
In 2023, Christmas Cove Improvement Assoc reported a surplus of $145K with revenue exceeding expenses, holds 76.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Christmas Cove Improvement Assoc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.2% | -10.1% | +6.4% |
| 2022 | -16.5% | +7.1% | -0.8% |
| 2021 | +88.7% | +112.1% | +3.9% |
| 2020 | -42.8% | -44.4% | +3.2% |
| 2019 | +35.2% | +13.3% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Christmas Cove Improvement Assoc with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Christmas Cove Improvement Assoc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 surplus of $145K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with assets exceeding $2.5 million.
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 Christmas Cove Improvement Assoc:
- Consistent asset growth, from $1.66M in 2014 to $2.58M currently.
- 0% officer compensation across all reported periods, indicating volunteer leadership and high efficiency.
- Very low liabilities across all filings, demonstrating sound financial management.
- Generally positive net income (revenue exceeding expenses) in most recent years, such as $517,115 revenue vs $372,275 expenses in 202312.
- Strong financial stability with a healthy balance sheet.
Frequently Asked Questions about Christmas Cove Improvement Assoc
Is Christmas Cove Improvement Assoc a legitimate charity?
Christmas Cove Improvement Assoc (EIN: 10264870) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $601K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Christmas Cove Improvement Assoc spend its money?
Christmas Cove Improvement Assoc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Christmas Cove Improvement Assoc tax-deductible?
Christmas Cove Improvement Assoc is registered as a tax-exempt nonprofit (EIN: 10264870). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Christmas Cove Improvement Assoc CEO make?
Christmas Cove Improvement Assoc's highest-compensated officer earns $2.5 annually. The organization reported $601K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Christmas Cove Improvement Assoc's spending goes to programs?
Christmas Cove Improvement Assoc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Christmas Cove Improvement Assoc located?
Christmas Cove Improvement Assoc is headquartered in Damariscotta, Maine and files with the IRS under EIN 10264870.
How many years of IRS 990 filings does Christmas Cove Improvement Assoc have?
Christmas Cove Improvement Assoc 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 $601K in total revenue.
Is Christmas Cove Improvement Assoc a good charity?
Based on the provided financial data, Christmas Cove Improvement Assoc appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, minimal liabilities, and notably, 0% officer compensation, suggesting highly efficient use of funds.
How does the lack of officer compensation impact its efficiency?
The absence of officer compensation significantly boosts the organization's spending efficiency, as it eliminates a major administrative cost often seen in nonprofits. This allows a much larger portion of its revenue to be directed towards its programs and mission.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend, growing from $1,664,207 in 2014 to $2,586,797 currently, indicating strong financial management and accumulation of resources over time.
Filing History
IRS 990 filing history for Christmas Cove Improvement Assoc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Christmas Cove Improvement Assoc's revenue has grown by 98.6%, moving from $260K to $517K. Total assets increased by 91.8% over the same period, from $1.2M to $2.4M. Total functional expenses rose by 53.8%, from $242K to $372K. In its most recent filing year (2023), Christmas Cove Improvement Assoc reported a surplus of $145K, with revenue exceeding expenses. The organization holds $3K in liabilities against $2.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $517K | $372K | $2.4M | $3K | — | — |
| 2022 | $391K | $414K | $2.2M | $7K | — | View 990 |
| 2021 | $469K | $387K | $2.2M | $3K | — | View 990 |
| 2020 | $248K | $182K | $2.2M | $1K | — | — |
| 2019 | $434K | $328K | $2.1M | $5 | — | View 990 |
| 2018 | $321K | $289K | $2.0M | $5 | — | View 990 |
| 2017 | $314K | $282K | $1.9M | $0 | — | View 990 |
| 2016 | $340K | $279K | $1.9M | $4K | — | View 990 |
| 2015 | $384K | $234K | $1.8M | $0 | — | View 990 |
| 2014 | $342K | $225K | $1.7M | $20 | — | View 990 |
| 2013 | $488K | $248K | $1.5M | $492 | — | View 990 |
| 2012 | $321K | $247K | $1.3M | $438 | — | View 990 |
| 2011 | $260K | $242K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $517K, expenses of $372K, and assets of $2.4M (revenue +32.2% year-over-year).
- 2022: Revenue of $391K, expenses of $414K, and assets of $2.2M (revenue -16.5% year-over-year).
- 2021: Revenue of $469K, expenses of $387K, and assets of $2.2M (revenue +88.7% year-over-year).
- 2020: Revenue of $248K, expenses of $182K, and assets of $2.2M (revenue -42.8% year-over-year).
- 2019: Revenue of $434K, expenses of $328K, and assets of $2.1M (revenue +35.2% year-over-year).
- 2018: Revenue of $321K, expenses of $289K, and assets of $2.0M (revenue +2.1% year-over-year).
- 2017: Revenue of $314K, expenses of $282K, and assets of $1.9M (revenue -7.5% year-over-year).
- 2016: Revenue of $340K, expenses of $279K, and assets of $1.9M (revenue -11.6% year-over-year).
- 2015: Revenue of $384K, expenses of $234K, and assets of $1.8M (revenue +12.2% year-over-year).
- 2014: Revenue of $342K, expenses of $225K, and assets of $1.7M (revenue -29.9% year-over-year).
- 2013: Revenue of $488K, expenses of $248K, and assets of $1.5M (revenue +52.3% year-over-year).
- 2012: Revenue of $321K, expenses of $247K, and assets of $1.3M (revenue +23.1% year-over-year).
- 2011: Revenue of $260K, expenses of $242K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Christmas Cove Improvement Assoc:
Data Sources and Methodology
This transparency report for Christmas Cove Improvement Assoc 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.