Cobscook Community Learning Center
Cobscook Community Learning Center shows strong program focus with no reported officer compensation, but recent expenses exceed revenue.
EIN: 10449348 · Trescott Twp, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $2.5M |
| Transparency Score | 88/100 |
Is Cobscook Community Learning Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cobscook Community Learning Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cobscook Community Learning Center
Cobscook Community Learning Center (EIN: 10449348) is a nonprofit organization based in Trescott Twp, ME. The organization reported total revenue of $1.1M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cobscook Community Learning Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cobscook Community Learning Center is a mid-size nonprofit that has been operating for 36 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $724K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-449,094 |
| Total Assets | $3.0M |
| Total Liabilities | $483K |
| Net Assets | $2.5M |
| Operating Margin | -62.0% |
| Debt-to-Asset Ratio | 16.3% |
| Months of Reserves | 30.4 months |
Financial Health Grade: B
In 2023, Cobscook Community Learning Center reported a deficit of $449K with expenses exceeding revenue, holds 30.4 months of operating reserves (strong position), has a debt-to-asset ratio of 16.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Cobscook Community Learning Center's revenue has declined at a compound annual growth rate (CAGR) of -3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.0% | +13.6% | -14.1% |
| 2022 | -20.1% | +13.3% | -7.0% |
| 2021 | -8.5% | -27.0% | +13.8% |
| 2020 | -27.6% | -27.1% | +0.3% |
| 2019 | -1.9% | +16.6% | +1.5% |
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 Cobscook Community Learning Center with a Mission Score of 88 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, Cobscook Community Learning Center 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 deficit of $449K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received reportable compensation from the organization. This suggests a strong dedication to directing financial resources towards the organization's mission rather than executive salaries, especially for an organization with annual revenues often exceeding $1 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.
Red Flags
The following concerns were identified during AI analysis of Cobscook Community Learning Center's IRS 990 filings:
- Expenses exceeded revenue in the two most recent filing periods (2022 and 2023), potentially impacting long-term sustainability if not addressed.
Strengths
The following positive indicators were identified for Cobscook Community Learning Center:
- Consistent reporting of 0% officer compensation, indicating high efficiency and mission focus.
- Strong asset base relative to liabilities, suggesting financial solvency (e.g., $2,970,393 assets vs. $483,441 liabilities in 2023).
- Consistent filing of IRS 990s, demonstrating transparency and accountability.
Frequently Asked Questions about Cobscook Community Learning Center
Is Cobscook Community Learning Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Cobscook Community Learning Center (EIN: 10449348) some concerns. Mission Score: 88/100. 1 red flag identified, 3 strengths noted.
How does Cobscook Community Learning Center spend its money?
Cobscook Community Learning Center directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cobscook Community Learning Center tax-deductible?
Cobscook Community Learning Center is registered as a tax-exempt nonprofit (EIN: 10449348). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cobscook Community Learning Center CEO make?
Cobscook Community Learning Center's highest-compensated officer earns $1 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cobscook Community Learning Center's spending goes to programs?
Cobscook Community Learning Center directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Cobscook Community Learning Center located?
Cobscook Community Learning Center is headquartered in Trescott Twp, Maine and files with the IRS under EIN 10449348.
How many years of IRS 990 filings does Cobscook Community Learning Center have?
Cobscook Community Learning Center 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 $1.1M in total revenue.
Is Cobscook Community Learning Center a good charity?
Based on the available data, Cobscook Community Learning Center appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission. Its asset base generally exceeds liabilities, suggesting financial stability. However, recent years show expenses exceeding revenue, which could be a concern if it becomes a long-term trend.
What is the trend in the organization's financial health?
The organization's financial health shows some variability. While assets have remained relatively stable and significantly higher than liabilities, recent years (2022 and 2023) show expenses exceeding revenue. For example, in 2023, expenses were $1,173,434 while revenue was $724,340, indicating a deficit for that period. This contrasts with earlier years like 2021 where revenue ($1,225,738) exceeded expenses ($912,449).
How does the organization manage its executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings. This means that no officers received reportable compensation from the organization, which is a strong indicator of financial efficiency and a focus on program delivery.
Filing History
IRS 990 filing history for Cobscook Community Learning Center showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Cobscook Community Learning Center's revenue has declined by 34%, moving from $1.1M to $724K. Total assets increased by 192% over the same period, from $1.0M to $3.0M. Total functional expenses rose by 12.4%, from $1.0M to $1.2M. In its most recent filing year (2023), Cobscook Community Learning Center reported a deficit of $449K, with expenses exceeding revenue. The organization holds $483K in liabilities against $3.0M in assets (debt-to-asset ratio: 16.3%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $724K | $1.2M | $3.0M | $483K | — | — |
| 2022 | $979K | $1.0M | $3.5M | $505K | — | View 990 |
| 2021 | $1.2M | $912K | $3.7M | $685K | — | View 990 |
| 2020 | $1.3M | $1.3M | $3.3M | $548K | — | — |
| 2019 | $1.9M | $1.7M | $3.3M | $627K | — | View 990 |
| 2018 | $1.9M | $1.5M | $3.2M | $713K | — | View 990 |
| 2017 | $1.2M | $1.2M | $2.8M | $689K | — | View 990 |
| 2016 | $1.1M | $1.1M | $2.7M | $730K | — | View 990 |
| 2015 | $1.2M | $976K | $2.7M | $723K | — | View 990 |
| 2014 | $1.4M | $952K | $2.6M | $269K | — | View 990 |
| 2013 | $1.7M | $764K | $2.1M | $226K | — | View 990 |
| 2012 | $937K | $882K | $1.1M | $159K | — | View 990 |
| 2011 | $907K | $908K | $1.0M | $164K | — | View 990 |
| 2010 | $1.1M | $1.0M | $1.0M | $169K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $724K, expenses of $1.2M, and assets of $3.0M (revenue -26.0% year-over-year).
- 2022: Revenue of $979K, expenses of $1.0M, and assets of $3.5M (revenue -20.1% year-over-year).
- 2021: Revenue of $1.2M, expenses of $912K, and assets of $3.7M (revenue -8.5% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $3.3M (revenue -27.6% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.7M, and assets of $3.3M (revenue -1.9% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.5M, and assets of $3.2M (revenue +51.6% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $2.8M (revenue +10.4% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $2.7M (revenue -4.4% year-over-year).
- 2015: Revenue of $1.2M, expenses of $976K, and assets of $2.7M (revenue -17.5% year-over-year).
- 2014: Revenue of $1.4M, expenses of $952K, and assets of $2.6M (revenue -17.2% year-over-year).
- 2013: Revenue of $1.7M, expenses of $764K, and assets of $2.1M (revenue +84.2% year-over-year).
- 2012: Revenue of $937K, expenses of $882K, and assets of $1.1M (revenue +3.3% year-over-year).
- 2011: Revenue of $907K, expenses of $908K, and assets of $1.0M (revenue -17.3% year-over-year).
- 2010: Revenue of $1.1M, expenses of $1.0M, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cobscook Community Learning Center:
Data Sources and Methodology
This transparency report for Cobscook Community Learning Center 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.