Fiddlehead Center For The Art
Fiddlehead Center For The Art maintains stable assets but carries significant liabilities with no reported officer compensation.
EIN: 10543069 · Gray, ME · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $423K |
| Total Expenses | $445K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $400,000 |
| Net Assets | $-255,897 |
| Transparency Score | 70/100 |
Is Fiddlehead Center For The Art Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fiddlehead Center For The Art directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fiddlehead Center For The Art
Fiddlehead Center For The Art (EIN: 10543069) is a nonprofit organization based in Gray, ME, classified under NTEE code A20. The organization reported total revenue of $423K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fiddlehead Center For The Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fiddlehead Center For The Art is a small nonprofit that has been operating for 25 years, with 9 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $422K |
| Total Expenses | $445K |
| Surplus / Deficit | $-23,370 |
| Total Assets | $1.1M |
| Total Liabilities | $1.4M |
| Net Assets | $-255,897 |
| Operating Margin | -5.5% |
| Debt-to-Asset Ratio | 122.3% |
| Months of Reserves | 30.9 months |
Financial Health Grade: C
In 2020, Fiddlehead Center For The Art reported a deficit of $23K with expenses exceeding revenue, holds 30.9 months of operating reserves (strong position), has a debt-to-asset ratio of 122.3% (high leverage).
Financial Trends
Over 9 years of filings (2011–2020), Fiddlehead Center For The Art's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -31.8% | -27.4% | +1.3% |
| 2018 | -5.8% | -1.8% | -2.7% |
| 2017 | +18.2% | +16.4% | -1.5% |
| 2016 | +20.0% | +24.0% | -6.4% |
| 2015 | +29.5% | -4.0% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
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 Fiddlehead Center For The Art with a Mission Score of 70 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, Fiddlehead Center For The Art 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 122.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that no salaries were paid to officers, which is highly unusual for an organization of this size with over $400,000 in annual revenue.
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 Fiddlehead Center For The Art's IRS 990 filings:
- Consistent liabilities exceeding assets, indicating potential solvency issues (e.g., 202008: Liabilities $1,401,714 vs. Assets $1,145,817).
- Occasional operating deficits (e.g., 202008: Expenses $445,374 vs. Revenue $422,004).
- Unusually low (0%) reported officer compensation for an organization of this size, which might obscure how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Fiddlehead Center For The Art:
- Consistent IRS 990 filing history (9 filings), indicating transparency in reporting.
- No reported officer compensation across all available periods, suggesting resources are not used for executive salaries.
- Relatively stable asset base over the past decade (e.g., $1,145,817 in 202008).
Frequently Asked Questions about Fiddlehead Center For The Art
Is Fiddlehead Center For The Art a legitimate charity?
Based on AI analysis of IRS 990 filings, Fiddlehead Center For The Art (EIN: 10543069) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Fiddlehead Center For The Art spend its money?
Fiddlehead Center For The Art directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fiddlehead Center For The Art tax-deductible?
Fiddlehead Center For The Art is registered as a tax-exempt nonprofit (EIN: 10543069). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fiddlehead Center For The Art CEO make?
Fiddlehead Center For The Art's highest-compensated officer earns $400,000 annually. The organization reported $423K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fiddlehead Center For The Art's spending goes to programs?
Fiddlehead Center For The Art directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fiddlehead Center For The Art compare to similar nonprofits?
With a transparency score of 70/100 (Good), Fiddlehead Center For The Art is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fiddlehead Center For The Art located?
Fiddlehead Center For The Art is headquartered in Gray, Maine and files with the IRS under EIN 10543069. It is classified under NTEE code A20.
How many years of IRS 990 filings does Fiddlehead Center For The Art have?
Fiddlehead Center For The Art has 9 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 $423K in total revenue.
Is Fiddlehead Center For The Art a good charity?
Based on the available data, Fiddlehead Center For The Art exhibits strengths in its consistent filing and zero reported officer compensation. However, the persistent high liabilities relative to assets and occasional operating deficits raise concerns about long-term financial stability. A full assessment would require more detailed expense breakdowns.
Why are liabilities consistently higher than assets?
The filings consistently show liabilities exceeding assets, for example, $1,401,714 in liabilities versus $1,145,817 in assets in 202008. This could indicate significant debt, such as mortgages or loans, or other long-term financial obligations that need to be understood to assess the organization's solvency.
How does the organization sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation across all 9 filings is highly unusual for an organization with annual revenues exceeding $400,000. This suggests that leadership may be entirely volunteer-based, or compensation is structured in a way not reported as 'officer compensation' on the 990, which warrants further inquiry.
Filing History
IRS 990 filing history for Fiddlehead Center For The Art showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2020), Fiddlehead Center For The Art's revenue has declined by 6.5%, moving from $452K to $422K. Total assets decreased by 13.9% over the same period, from $1.3M to $1.1M. Total functional expenses fell by 7.4%, from $481K to $445K. In its most recent filing year (2020), Fiddlehead Center For The Art reported a deficit of $23K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $1.1M in assets (debt-to-asset ratio: 122.3%), resulting in net assets of $-255,897.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $422K | $445K | $1.1M | $1.4M | — | View 990 |
| 2018 | $619K | $613K | $1.1M | $1.3M | — | View 990 |
| 2017 | $657K | $625K | $1.2M | $1.4M | — | View 990 |
| 2016 | $555K | $537K | $1.2M | $1.4M | — | View 990 |
| 2015 | $463K | $433K | $1.3M | $1.5M | — | View 990 |
| 2014 | $358K | $451K | $1.3M | $1.6M | — | View 990 |
| 2013 | $533K | $493K | $1.3M | $1.5M | — | View 990 |
| 2012 | $405K | $455K | $1.3M | $1.6M | — | View 990 |
| 2011 | $452K | $481K | $1.3M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $422K, expenses of $445K, and assets of $1.1M (revenue -31.8% year-over-year).
- 2018: Revenue of $619K, expenses of $613K, and assets of $1.1M (revenue -5.8% year-over-year).
- 2017: Revenue of $657K, expenses of $625K, and assets of $1.2M (revenue +18.2% year-over-year).
- 2016: Revenue of $555K, expenses of $537K, and assets of $1.2M (revenue +20.0% year-over-year).
- 2015: Revenue of $463K, expenses of $433K, and assets of $1.3M (revenue +29.5% year-over-year).
- 2014: Revenue of $358K, expenses of $451K, and assets of $1.3M (revenue -32.9% year-over-year).
- 2013: Revenue of $533K, expenses of $493K, and assets of $1.3M (revenue +31.6% year-over-year).
- 2012: Revenue of $405K, expenses of $455K, and assets of $1.3M (revenue -10.3% year-over-year).
- 2011: Revenue of $452K, expenses of $481K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fiddlehead Center For The Art:
Data Sources and Methodology
This transparency report for Fiddlehead Center For The Art 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.