Chrysalis Place
Chrysalis Place reports positive net income and zero liabilities in its latest filing.
EIN: 10456167 · Gardiner, ME · Updated: 2026-03-28
Is Chrysalis Place Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chrysalis Place directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chrysalis Place
Chrysalis Place (EIN: 10456167) is a nonprofit organization based in Gardiner, ME. The organization reported total revenue of $123K and total assets of $138K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chrysalis Place's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chrysalis Place is a small nonprofit that has been operating for 33 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $109K |
| Total Expenses | $99K |
| Surplus / Deficit | +$9K |
| Total Assets | $127K |
| Net Assets | $127K |
| Operating Margin | 8.6% |
| Months of Reserves | 15.4 months |
Financial Health Grade: A
In 2023, Chrysalis Place reported a surplus of $9K with revenue exceeding expenses, holds 15.4 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Chrysalis Place with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Chrysalis Place allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $9K, with revenue exceeding expenses.
Executive Compensation Analysis
The latest filing for Chrysalis Place reports 0% officer compensation, suggesting that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for resource allocation.
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 Chrysalis Place:
- Positive net income in latest filing ($108,671 revenue vs. $99,298 expenses)
- Zero reported liabilities, indicating strong financial solvency
- 0% officer compensation reported, suggesting efficient use of funds
- Healthy asset base of $127,110
Frequently Asked Questions about Chrysalis Place
Is Chrysalis Place a legitimate charity?
Based on AI analysis of IRS 990 filings, Chrysalis Place (EIN: 10456167) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Chrysalis Place spend its money?
Chrysalis Place directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chrysalis Place tax-deductible?
Chrysalis Place is registered as a tax-exempt nonprofit (EIN: 10456167). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Chrysalis Place a good charity?
Based on the available data, Chrysalis Place demonstrates strong financial health with revenues exceeding expenses ($108,671 vs. $99,298) and no reported liabilities. The 0% officer compensation is also a positive indicator of efficient resource use, suggesting it is a well-managed organization.
How does Chrysalis Place manage its finances?
Chrysalis Place appears to manage its finances prudently, as evidenced by its positive net income in the latest filing ($108,671 revenue vs. $99,298 expenses) and a strong asset base ($127,110) with no liabilities. This indicates a focus on maintaining financial stability and solvency.
Filing History
IRS 990 filing history for Chrysalis Place showing financial trends over 1 year of public records:
In its most recent filing year (2023), Chrysalis Place reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $109K | $99K | $127K | $0 | — | View 990 |
Data Sources and Methodology
This transparency report for Chrysalis Place 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.