Cianbro Charitable Foundation
Cianbro Charitable Foundation: Strong Asset Growth, Variable Revenue, and Minimal Program Spending
EIN: 223020020 · Pittsfield, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $8.8M |
| Total Expenses | $709K |
| Program Spending | 10% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $9.5M |
| Transparency Score | 45/100 |
Is Cianbro Charitable Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cianbro Charitable Foundation directs 10% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Cianbro Charitable Foundation
Cianbro Charitable Foundation (EIN: 223020020) is a nonprofit organization based in Pittsfield, ME. The organization reported total revenue of $8.8M and total assets of $10.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cianbro Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cianbro Charitable Foundation is a mid-size nonprofit that has been operating for 36 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $709K |
| Surplus / Deficit | +$545K |
| Total Assets | $9.7M |
| Total Liabilities | $225K |
| Net Assets | $9.5M |
| Operating Margin | 43.5% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 163.8 months |
Financial Health Grade: A
In 2023, Cianbro Charitable Foundation reported a surplus of $545K with revenue exceeding expenses, holds 163.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Cianbro Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +137.1% | -88.6% | +3.1% |
| 2022 | -89.9% | +2970.9% | -37.5% |
| 2021 | +56.5% | -45.2% | +50.5% |
| 2020 | +62.4% | +9.6% | +42.9% |
| 2019 | -19.3% | -49.0% | +54.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Cianbro Charitable Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 80%
- programs: 10%
- fundraising: 10%
According to IRS 990 filings, Cianbro Charitable Foundation allocates its expenses as follows: admin: 80%, programs: 10%, fundraising: 10%. Only 10% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $545K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, suggesting a volunteer-based leadership or compensation covered by an affiliated entity.
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 Cianbro Charitable Foundation's IRS 990 filings:
- Program spending is consistently very low (e.g., $709,465 in 2023 compared to $1,254,900 revenue), raising questions about direct charitable impact.
- Significant fluctuations in revenue and expenses year-over-year (e.g., revenue dropped from $5,252,373 in 2021 to $529,369 in 2022) without clear explanations in available data.
- The 'net type' is unknown, making it difficult to fully assess the foundation's operational model and tax status implications.
Strengths
The following positive indicators were identified for Cianbro Charitable Foundation:
- Consistent growth in assets over the years, from $2,404,595 in 2014 to $10,337,663 in 2023, indicating strong financial stewardship of its endowment.
- Zero reported executive compensation demonstrates a commitment to minimizing administrative overhead in that specific area.
- The foundation maintains a healthy liquidity position, with substantial assets relative to its liabilities.
Frequently Asked Questions about Cianbro Charitable Foundation
Is Cianbro Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cianbro Charitable Foundation (EIN: 223020020) significant concerns. Mission Score: 45/100. 3 red flags identified, 3 strengths noted.
How does Cianbro Charitable Foundation spend its money?
Cianbro Charitable Foundation directs 10% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cianbro Charitable Foundation tax-deductible?
Cianbro Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 223020020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cianbro Charitable Foundation CEO make?
Cianbro Charitable Foundation's highest-compensated officer earns $0 annually. The organization reported $8.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cianbro Charitable Foundation's spending goes to programs?
Cianbro Charitable Foundation directs 10% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Cianbro Charitable Foundation located?
Cianbro Charitable Foundation is headquartered in Pittsfield, Maine and files with the IRS under EIN 223020020.
How many years of IRS 990 filings does Cianbro Charitable Foundation have?
Cianbro Charitable Foundation has 10 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 $8.8M in total revenue.
What does Cianbro Charitable Foundation do?
Cianbro Charitable Foundation is a nonprofit organization in the Unknown sector, located in Pittsfield, Maine. It is classified under NTEE code Unknown.
How much revenue does Cianbro Charitable Foundation have?
Cianbro Charitable Foundation reported total revenue of $8,794,408. Based on 10 IRS 990 filings on record.
What are Cianbro Charitable Foundation's total assets?
Cianbro Charitable Foundation holds total assets of $10,337,663 as reported in IRS 990 filings.
Where is Cianbro Charitable Foundation located?
Cianbro Charitable Foundation is based in Pittsfield, Maine.
What is Cianbro Charitable Foundation's EIN?
Cianbro Charitable Foundation's Employer Identification Number (EIN) is 223020020. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Cianbro Charitable Foundation?
Cianbro Charitable Foundation is classified under NTEE code Unknown (Unknown).
Is Cianbro Charitable Foundation a registered 501(c)(3)?
Cianbro Charitable Foundation appears in IRS records (EIN: 223020020). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Cianbro Charitable Foundation file IRS Form 990?
Yes, Cianbro Charitable Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Cianbro Charitable Foundation's revenue in 2023?
In the 202312 filing period, Cianbro Charitable Foundation reported total revenue of $1,254,900, total expenses of $709,465, and net assets of $9,685,990.
Is Cianbro Charitable Foundation's revenue growing or declining?
Cianbro Charitable Foundation's revenue is growing. Revenue went from $529,369 (202212) to $1,254,900 (202312), a +137.1% change. Based on 10 filings on record.
What is Cianbro Charitable Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Cianbro Charitable Foundation covers tax period 202312. It shows revenue of $1,254,900, expenses of $709,465, total assets of $9,685,990, and liabilities of $225,000.
How much does Cianbro Charitable Foundation spend on programs vs administration?
Based on IRS 990 analysis, Cianbro Charitable Foundation allocates approximately 10% of expenses to program services, 80% to administrative costs, and 10% to fundraising. Overhead costs appear high relative to program spending.
Is Cianbro Charitable Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Cianbro Charitable Foundation shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 3 strengths noted.
What are the red flags for Cianbro Charitable Foundation?
The following concerns were identified: Program spending is consistently very low (e.g., $709,465 in 2023 compared to $1,254,900 revenue), raising questions about direct charitable impact.. Significant fluctuations in revenue and expenses year-over-year (e.g., revenue dropped from $5,252,373 in 2021 to $529,369 in 2022) without clear explanations in available data.. The 'net type' is unknown, making it difficult to fully assess the foundation's operational model and tax status implications.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Cianbro Charitable Foundation's strengths?
Positive indicators for Cianbro Charitable Foundation include: Consistent growth in assets over the years, from $2,404,595 in 2014 to $10,337,663 in 2023, indicating strong financial stewardship of its endowment.. Zero reported executive compensation demonstrates a commitment to minimizing administrative overhead in that specific area.. The foundation maintains a healthy liquidity position, with substantial assets relative to its liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does Cianbro Charitable Foundation compensate executives?
Executive compensation is consistently reported as $0 across all available filings, suggesting a volunteer-based leadership or compensation covered by an affiliated entity. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Cianbro Charitable Foundation?
• The foundation's financial filings are publicly available, but detailed program descriptions are not readily accessible. • Executive compensation is reported as $0, indicating a volunteer-led or externally compensated leadership structure. • The purpose of significant 'other expenses' in some years is not clearly itemized. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the substantial asset base and minimal program spending, what is the long-term strategy for deploying these assets to achieve charitable goals?
The foundation's consistent asset growth suggests a focus on endowment building. However, with program expenses often being a small fraction of revenue and assets (e.g., $709,465 in program expenses in 2023 against $10,337,663 in assets), the strategy for direct charitable impact through grants or programs remains unclear from the available data.
How does the foundation manage the significant year-over-year volatility in revenue and expenses, and what impact does this have on its ability to plan and execute programs?
The foundation experiences considerable financial fluctuations, such as a revenue drop from $5,252,373 in 2021 to $529,369 in 2022, and a spike in expenses from $202,329 in 2021 to $6,213,358 in 2022. This volatility could pose challenges for consistent program planning and execution, potentially leading to an opportunistic rather than strategic approach to charitable activities.
Filing History
IRS 990 filing history for Cianbro Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cianbro Charitable Foundation's revenue has grown by 109.3%, moving from $599K to $1.3M. Total assets increased by 630.9% over the same period, from $1.3M to $9.7M. Total functional expenses rose by 103%, from $350K to $709K. In its most recent filing year (2023), Cianbro Charitable Foundation reported a surplus of $545K, with revenue exceeding expenses. The organization holds $225K in liabilities against $9.7M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $9.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $709K | $9.7M | $225K | — | View 990 |
| 2022 | $529K | $6.2M | $9.4M | $275K | — | View 990 |
| 2021 | $5.3M | $202K | $15.0M | $230K | — | — |
| 2020 | $3.4M | $369K | $10.0M | $235K | — | — |
| 2019 | $2.1M | $337K | $7.0M | $225K | — | View 990 |
| 2015 | $2.6M | $660K | $4.5M | $600K | — | View 990 |
| 2014 | $315K | $420K | $2.4M | $390K | — | View 990 |
| 2013 | $2.2M | $897K | $2.6M | $485K | — | View 990 |
| 2012 | $107K | $281K | $1.1M | $235K | — | View 990 |
| 2011 | $599K | $350K | $1.3M | $288K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $709K, and assets of $9.7M (revenue +137.1% year-over-year).
- 2022: Revenue of $529K, expenses of $6.2M, and assets of $9.4M (revenue -89.9% year-over-year).
- 2021: Revenue of $5.3M, expenses of $202K, and assets of $15.0M (revenue +56.5% year-over-year).
- 2020: Revenue of $3.4M, expenses of $369K, and assets of $10.0M (revenue +62.4% year-over-year).
- 2019: Revenue of $2.1M, expenses of $337K, and assets of $7.0M (revenue -19.3% year-over-year).
- 2015: Revenue of $2.6M, expenses of $660K, and assets of $4.5M (revenue +711.5% year-over-year).
- 2014: Revenue of $315K, expenses of $420K, and assets of $2.4M (revenue -85.4% year-over-year).
- 2013: Revenue of $2.2M, expenses of $897K, and assets of $2.6M (revenue +1914.0% year-over-year).
- 2012: Revenue of $107K, expenses of $281K, and assets of $1.1M (revenue -82.2% year-over-year).
- 2011: Revenue of $599K, expenses of $350K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cianbro Charitable Foundation:
Data Sources and Methodology
This transparency report for Cianbro Charitable Foundation 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.