Le Club Calumet Educational & Literary Foundation
Le Club Calumet Educational & Literary Foundation shows strong asset growth and zero executive compensation amidst fluctuating revenues.
EIN: 16023503 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $214K |
| Program Spending | 90% |
| Net Assets | $3.4M |
| Transparency Score | 92/100 |
Is Le Club Calumet Educational & Literary Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Le Club Calumet Educational & Literary Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Le Club Calumet Educational & Literary Foundation
Le Club Calumet Educational & Literary Foundation (EIN: 16023503) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $1.1M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Le Club Calumet Educational & Literary Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Le Club Calumet Educational & Literary Foundation is a mid-size nonprofit that has been operating for 59 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $320K |
| Total Expenses | $214K |
| Surplus / Deficit | +$106K |
| Total Assets | $3.5M |
| Total Liabilities | $45K |
| Net Assets | $3.4M |
| Operating Margin | 33.1% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 195.5 months |
Financial Health Grade: A
In 2023, Le Club Calumet Educational & Literary Foundation reported a surplus of $106K with revenue exceeding expenses, holds 195.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Le Club Calumet Educational & Literary Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +58.8% | -8.4% | +7.0% |
| 2022 | -71.0% | +8.6% | +4.0% |
| 2021 | +367.6% | +27.8% | +19.2% |
| 2020 | -54.4% | +11.4% | -1.5% |
| 2019 | -54.8% | +145.8% | +31.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
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 Le Club Calumet Educational & Literary Foundation with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Le Club Calumet Educational & Literary Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $106K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its 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.
Strengths
The following positive indicators were identified for Le Club Calumet Educational & Literary Foundation:
- Consistent asset growth, increasing from $853,906 in 2012 to $3,483,456 in 2023.
- Zero officer compensation reported across all filings, indicating volunteer leadership and high efficiency.
- Low liabilities relative to assets, with liabilities at $45,000 against assets of $3,483,456 in 2023.
- Expenses consistently lower than revenue in most years, demonstrating good financial management.
- Strong program focus implied by the absence of executive compensation and low overall expenses relative to revenue.
Frequently Asked Questions about Le Club Calumet Educational & Literary Foundation
Is Le Club Calumet Educational & Literary Foundation a legitimate charity?
Le Club Calumet Educational & Literary Foundation (EIN: 16023503) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 11 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Le Club Calumet Educational & Literary Foundation spend its money?
Le Club Calumet Educational & Literary Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Le Club Calumet Educational & Literary Foundation tax-deductible?
Le Club Calumet Educational & Literary Foundation is registered as a tax-exempt nonprofit (EIN: 16023503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Le Club Calumet Educational & Literary Foundation located?
Le Club Calumet Educational & Literary Foundation is headquartered in Augusta, Maine and files with the IRS under EIN 16023503.
How many years of IRS 990 filings does Le Club Calumet Educational & Literary Foundation have?
Le Club Calumet Educational & Literary Foundation has 11 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 Le Club Calumet Educational & Literary Foundation a good charity?
Based on its financial data, the foundation appears to be a good charity. It demonstrates strong financial health with growing assets, very low liabilities, and a consistent commitment to zero executive compensation, suggesting a high percentage of funds are directed towards its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with assets growing from $853,906 in 2012 to $3,483,456 in 2023, representing a substantial increase. Liabilities have remained very low relative to assets, indicating strong financial stability.
What is the trend in revenue and expenses?
Revenue has been highly variable, ranging from $87,527 in 2012 to $719,514 in 2016, and $693,218 in 2021, before settling at $319,610 in 2023. Expenses, however, have remained relatively stable and low, generally staying below $250,000 annually, which suggests good cost control despite revenue fluctuations.
Filing History
IRS 990 filing history for Le Club Calumet Educational & Literary Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Le Club Calumet Educational & Literary Foundation's revenue has grown by 273.6%, moving from $86K to $320K. Total assets increased by 326.9% over the same period, from $816K to $3.5M. Total functional expenses rose by 338%, from $49K to $214K. In its most recent filing year (2023), Le Club Calumet Educational & Literary Foundation reported a surplus of $106K, with revenue exceeding expenses. The organization holds $45K in liabilities against $3.5M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $320K | $214K | $3.5M | $45K | — | View 990 |
| 2022 | $201K | $233K | $3.3M | $58K | — | View 990 |
| 2021 | $693K | $215K | $3.1M | $41K | — | View 990 |
| 2020 | $148K | $168K | $2.6M | $15K | — | View 990 |
| 2019 | $325K | $151K | $2.7M | $34K | — | View 990 |
| 2016 | $720K | $61K | $2.0M | $11K | — | View 990 |
| 2015 | $247K | $54K | $1.4M | $21K | — | View 990 |
| 2014 | $130K | $55K | $1.2M | $23K | — | View 990 |
| 2013 | $303K | $46K | $1.1M | $21K | — | View 990 |
| 2012 | $88K | $47K | $854K | $20K | — | View 990 |
| 2011 | $86K | $49K | $816K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $320K, expenses of $214K, and assets of $3.5M (revenue +58.8% year-over-year).
- 2022: Revenue of $201K, expenses of $233K, and assets of $3.3M (revenue -71.0% year-over-year).
- 2021: Revenue of $693K, expenses of $215K, and assets of $3.1M (revenue +367.6% year-over-year).
- 2020: Revenue of $148K, expenses of $168K, and assets of $2.6M (revenue -54.4% year-over-year).
- 2019: Revenue of $325K, expenses of $151K, and assets of $2.7M (revenue -54.8% year-over-year).
- 2016: Revenue of $720K, expenses of $61K, and assets of $2.0M (revenue +191.6% year-over-year).
- 2015: Revenue of $247K, expenses of $54K, and assets of $1.4M (revenue +89.6% year-over-year).
- 2014: Revenue of $130K, expenses of $55K, and assets of $1.2M (revenue -57.1% year-over-year).
- 2013: Revenue of $303K, expenses of $46K, and assets of $1.1M (revenue +246.6% year-over-year).
- 2012: Revenue of $88K, expenses of $47K, and assets of $854K (revenue +2.3% year-over-year).
- 2011: Revenue of $86K, expenses of $49K, and assets of $816K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Le Club Calumet Educational & Literary Foundation:
Data Sources and Methodology
This transparency report for Le Club Calumet Educational & Literary 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.