Little Ones Rising Minds
Little Ones Rising Minds operates with minimal revenue and no paid officers, showing fluctuating financial performance.
EIN: 208720262 · Phippsburg, ME · NTEE: Q330 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7K |
| Total Expenses | $7K |
| Program Spending | 90% |
| Net Assets | $4K |
| Transparency Score | 75/100 |
Is Little Ones Rising Minds Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Little Ones Rising Minds directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Little Ones Rising Minds
Little Ones Rising Minds (EIN: 208720262) is a nonprofit organization based in Phippsburg, ME, classified under NTEE code Q330. The organization reported total revenue of $7K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Little Ones Rising Minds's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Little Ones Rising Minds is a micro nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $7K |
| Surplus / Deficit | +$2K |
| Total Assets | $4K |
| Net Assets | $4K |
| Operating Margin | 23.0% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2023, Little Ones Rising Minds reported a surplus of $2K with revenue exceeding expenses, holds 6.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Little Ones Rising Minds's revenue has declined at a compound annual growth rate (CAGR) of -9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +270.4% | +67.8% | -29.5% |
| 2022 | -68.6% | -51.7% | +56.5% |
| 2021 | -37.2% | -31.2% | +58.9% |
| 2020 | +-0.0% | -0.2% | -3.8% |
| 2019 | -8.1% | -19.9% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Little Ones Rising Minds with a Mission Score of 75 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Little Ones Rising Minds allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $2K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization is entirely volunteer-run at the leadership level, which is highly commendable for a small nonprofit.
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 Little Ones Rising Minds's IRS 990 filings:
- Inconsistent revenue, showing a significant decline from 2014's $40,367 to 2023's $9,487.
- Expenses frequently exceed revenue in multiple periods, indicating potential sustainability challenges without external support or reserves.
- Very low asset base ($4,209 in 2023) provides limited financial cushion for future operations.
Strengths
The following positive indicators were identified for Little Ones Rising Minds:
- Zero officer compensation reported across all filings, indicating a volunteer-led model and efficient use of funds.
- Consistent IRS filing history (13 filings) demonstrates commitment to transparency and compliance.
- Low liabilities ($0 in 202312) suggest good financial management in terms of debt.
Frequently Asked Questions about Little Ones Rising Minds
Is Little Ones Rising Minds a legitimate charity?
Based on AI analysis of IRS 990 filings, Little Ones Rising Minds (EIN: 208720262) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Little Ones Rising Minds spend its money?
Little Ones Rising Minds directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Little Ones Rising Minds tax-deductible?
Little Ones Rising Minds is registered as a tax-exempt nonprofit (EIN: 208720262). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Little Ones Rising Minds's spending goes to programs?
Little Ones Rising Minds directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Little Ones Rising Minds compare to similar nonprofits?
With a transparency score of 75/100 (Good), Little Ones Rising Minds is above average for NTEE category Q330 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Little Ones Rising Minds located?
Little Ones Rising Minds is headquartered in Phippsburg, Maine and files with the IRS under EIN 208720262. It is classified under NTEE code Q330.
How many years of IRS 990 filings does Little Ones Rising Minds have?
Little Ones Rising Minds has 13 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 $7K in total revenue.
Is Little Ones Rising Minds a good charity?
Based on the available data, Little Ones Rising Minds appears to be a very lean, volunteer-driven organization with no paid officers. This suggests a strong commitment to directing resources towards its mission. However, its small size and fluctuating finances mean it operates with limited capacity and reserves.
How does Little Ones Rising Minds manage its expenses relative to its income?
The organization's expenses have frequently exceeded its revenue in several periods, such as in 202212 ($4,352 expenses vs. $2,561 revenue) and 201812 ($16,376 expenses vs. $14,155 revenue). While the latest period (202312) shows a surplus, this pattern suggests a reliance on accumulated assets or prior year surpluses to cover operational costs.
What is the trend in Little Ones Rising Minds' financial growth?
Little Ones Rising Minds has experienced a general downward trend in revenue since its peak of $40,367 in 2014, with the latest revenue at $9,487. Assets have also decreased from a high of $7,770 in 2014 to $4,209 in 2023, indicating a contraction in its financial scale over the past decade.
Filing History
IRS 990 filing history for Little Ones Rising Minds showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Little Ones Rising Minds's revenue has declined by 69%, moving from $31K to $9K. Total assets decreased by 46.6% over the same period, from $8K to $4K. Total functional expenses fell by 71.3%, from $25K to $7K. In its most recent filing year (2023), Little Ones Rising Minds reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9K | $7K | $4K | $0 | — | — |
| 2022 | $3K | $4K | $6K | $4K | — | View 990 |
| 2021 | $8K | $9K | $4K | $0 | — | View 990 |
| 2020 | $13K | $13K | $2K | $0 | — | — |
| 2019 | $13K | $13K | $2K | $0 | — | View 990 |
| 2018 | $14K | $16K | $3K | $0 | — | View 990 |
| 2017 | $18K | $18K | $5K | $0 | — | View 990 |
| 2016 | $31K | $34K | $4K | $0 | — | View 990 |
| 2015 | $22K | $22K | $8K | $0 | — | View 990 |
| 2014 | $40K | $45K | $8K | $0 | — | View 990 |
| 2013 | $16K | $15K | $12K | $0 | — | View 990 |
| 2012 | $22K | $18K | $12K | $0 | — | View 990 |
| 2011 | $31K | $25K | $8K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9K, expenses of $7K, and assets of $4K (revenue +270.4% year-over-year).
- 2022: Revenue of $3K, expenses of $4K, and assets of $6K (revenue -68.6% year-over-year).
- 2021: Revenue of $8K, expenses of $9K, and assets of $4K (revenue -37.2% year-over-year).
- 2020: Revenue of $13K, expenses of $13K, and assets of $2K (revenue +-0.0% year-over-year).
- 2019: Revenue of $13K, expenses of $13K, and assets of $2K (revenue -8.1% year-over-year).
- 2018: Revenue of $14K, expenses of $16K, and assets of $3K (revenue -23.4% year-over-year).
- 2017: Revenue of $18K, expenses of $18K, and assets of $5K (revenue -40.5% year-over-year).
- 2016: Revenue of $31K, expenses of $34K, and assets of $4K (revenue +42.3% year-over-year).
- 2015: Revenue of $22K, expenses of $22K, and assets of $8K (revenue -45.9% year-over-year).
- 2014: Revenue of $40K, expenses of $45K, and assets of $8K (revenue +157.1% year-over-year).
- 2013: Revenue of $16K, expenses of $15K, and assets of $12K (revenue -29.6% year-over-year).
- 2012: Revenue of $22K, expenses of $18K, and assets of $12K (revenue -27.1% year-over-year).
- 2011: Revenue of $31K, expenses of $25K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Little Ones Rising Minds:
Data Sources and Methodology
This transparency report for Little Ones Rising Minds 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.