Gorham Cooperative Preschool
Gorham Cooperative Preschool maintains stable finances with no reported officer compensation.
EIN: 10283327 · Gorham, ME · NTEE: B21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $85K |
| Total Expenses | $55K |
| Program Spending | 85% |
| Net Assets | $23K |
| Transparency Score | 88/100 |
Is Gorham Cooperative Preschool Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gorham Cooperative Preschool directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gorham Cooperative Preschool
Gorham Cooperative Preschool (EIN: 10283327) is a nonprofit organization based in Gorham, ME, classified under NTEE code B21. The organization reported total revenue of $85K and total assets of $45K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gorham Cooperative Preschool's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gorham Cooperative Preschool is a micro nonprofit that has been operating for 1 years, with 10 years of IRS 990 filings on record (2012–2020). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $55K |
| Total Expenses | $55K |
| Surplus / Deficit | +$539 |
| Total Assets | $23K |
| Total Liabilities | $295 |
| Net Assets | $23K |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 5.1 months |
Financial Health Grade: A
In 2020, Gorham Cooperative Preschool reported a surplus of $539 with revenue exceeding expenses, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2020), Gorham Cooperative Preschool's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -5.5% | -1.7% | +3.7% |
| 2019 | -16.4% | -37.0% | +13.3% |
| 2018 | +1177.7% | +1412.7% | -47.6% |
| 2017 | -93.8% | -93.1% | -0.9% |
| 2017 | +18.2% | +8.9% | -9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2025 |
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 Gorham Cooperative Preschool 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, Gorham Cooperative Preschool 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $539, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
No officer compensation has been reported across all ten available filings, indicating that executive leadership is likely volunteer-based or compensated through non-officer roles, which is highly favorable for a small organization of this size.
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 Gorham Cooperative Preschool's IRS 990 filings:
- Unusual revenue dip in 201706 ($5,497) compared to other periods, potentially indicating a reporting anomaly or very short fiscal period.
Strengths
The following positive indicators were identified for Gorham Cooperative Preschool:
- Consistent reporting of zero officer compensation across all filings, indicating high efficiency in leadership costs.
- Very low or zero liabilities reported in most recent filings, demonstrating strong financial health and low debt.
- Stable asset base over a decade, suggesting prudent financial management.
- Generally balanced budget with revenues often exceeding or closely matching expenses.
Frequently Asked Questions about Gorham Cooperative Preschool
Is Gorham Cooperative Preschool a legitimate charity?
Based on AI analysis of IRS 990 filings, Gorham Cooperative Preschool (EIN: 10283327) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Gorham Cooperative Preschool spend its money?
Gorham Cooperative Preschool directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gorham Cooperative Preschool tax-deductible?
Gorham Cooperative Preschool is registered as a tax-exempt nonprofit (EIN: 10283327). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gorham Cooperative Preschool's spending goes to programs?
Gorham Cooperative Preschool directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gorham Cooperative Preschool compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Gorham Cooperative Preschool is above average for NTEE category B21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gorham Cooperative Preschool located?
Gorham Cooperative Preschool is headquartered in Gorham, Maine and files with the IRS under EIN 10283327. It is classified under NTEE code B21.
How many years of IRS 990 filings does Gorham Cooperative Preschool have?
Gorham Cooperative Preschool 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 $85K in total revenue.
Is Gorham Cooperative Preschool a good charity?
Based on the available IRS 990 data, Gorham Cooperative Preschool appears to be a well-managed small organization. It consistently reports low liabilities, no officer compensation, and generally balances its budget, suggesting efficient use of funds for its educational mission.
How does the organization manage its expenses relative to revenue?
The organization generally manages its expenses well, with revenues often exceeding or closely matching expenses. For example, in 2020, revenue was $55,470 and expenses were $54,931. There have been a few years where expenses slightly exceeded revenue (e.g., 2018: revenue $70,235, expenses $88,614), but these appear to be balanced out by other periods of surplus.
What is the trend in the organization's assets?
The organization's assets have fluctuated but generally remained stable over the decade, ranging from a low of $19,979 in 2018 to a high of $46,837 in 2014. The latest reported assets are $44,970, indicating a healthy asset base for its size.
Filing History
IRS 990 filing history for Gorham Cooperative Preschool showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2020), Gorham Cooperative Preschool's revenue has declined by 16.5%, moving from $66K to $55K. Total assets decreased by 40.8% over the same period, from $40K to $23K. Total functional expenses fell by 19.4%, from $68K to $55K. In its most recent filing year (2020), Gorham Cooperative Preschool reported a surplus of $539, with revenue exceeding expenses. The organization holds $295 in liabilities against $23K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $23K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $55K | $55K | $23K | $295 | — | View 990 |
| 2019 | $59K | $56K | $23K | $0 | — | View 990 |
| 2018 | $70K | $89K | $20K | $198 | — | View 990 |
| 2017 | $5K | $6K | $38K | $18 | — | View 990 |
| 2017 | $89K | $84K | $39K | $18 | — | View 990 |
| 2016 | $75K | $78K | $42K | $8K | — | View 990 |
| 2015 | $79K | $81K | $43K | $6K | — | View 990 |
| 2014 | $80K | $87K | $47K | $8K | — | View 990 |
| 2013 | $84K | $79K | $47K | $1K | — | View 990 |
| 2012 | $66K | $68K | $40K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $55K, expenses of $55K, and assets of $23K (revenue -5.5% year-over-year).
- 2019: Revenue of $59K, expenses of $56K, and assets of $23K (revenue -16.4% year-over-year).
- 2018: Revenue of $70K, expenses of $89K, and assets of $20K (revenue +1177.7% year-over-year).
- 2017: Revenue of $5K, expenses of $6K, and assets of $38K (revenue -93.8% year-over-year).
- 2017: Revenue of $89K, expenses of $84K, and assets of $39K (revenue +18.2% year-over-year).
- 2016: Revenue of $75K, expenses of $78K, and assets of $42K (revenue -5.3% year-over-year).
- 2015: Revenue of $79K, expenses of $81K, and assets of $43K (revenue -1.1% year-over-year).
- 2014: Revenue of $80K, expenses of $87K, and assets of $47K (revenue -4.9% year-over-year).
- 2013: Revenue of $84K, expenses of $79K, and assets of $47K (revenue +27.0% year-over-year).
- 2012: Revenue of $66K, expenses of $68K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gorham Cooperative Preschool:
Data Sources and Methodology
This transparency report for Gorham Cooperative Preschool 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.