Maine Childrens Home For Little Wanderers
Maine Childrens Home For Little Wanderers consistently dedicates a high percentage of spending to programs but has faced recent operating deficits.
EIN: 10267392 · Waterville, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.5M |
| Program Spending | 75% |
| Net Assets | $8.4M |
| Transparency Score | 85/100 |
Is Maine Childrens Home For Little Wanderers Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Childrens Home For Little Wanderers directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Childrens Home For Little Wanderers
Maine Childrens Home For Little Wanderers (EIN: 10267392) is a nonprofit organization based in Waterville, ME. The organization reported total revenue of $2.7M and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Childrens Home For Little Wanderers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Childrens Home For Little Wanderers is a mid-size nonprofit that has been operating for 63 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-599,286 |
| Total Assets | $8.6M |
| Total Liabilities | $148K |
| Net Assets | $8.4M |
| Operating Margin | -32.2% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 41.9 months |
Financial Health Grade: B
In 2023, Maine Childrens Home For Little Wanderers reported a deficit of $599K with expenses exceeding revenue, holds 41.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Childrens Home For Little Wanderers's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.1% | +9.4% | -2.2% |
| 2022 | -13.5% | +9.4% | -16.8% |
| 2021 | -11.8% | -9.0% | +11.3% |
| 2020 | +20.0% | -19.9% | +11.3% |
| 2019 | -0.8% | +9.9% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1963 |
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 Maine Childrens Home For Little Wanderers with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Maine Childrens Home For Little Wanderers 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $599K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which suggests either that no officers receive compensation or that compensation is reported under other expense categories, warranting further investigation for full transparency.
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 Maine Childrens Home For Little Wanderers's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $599,286 deficit in 2023, $348,015 deficit in 2022).
- Revenue has shown a declining trend from a peak of $2,486,113 in 2020 to $1,858,492 in 2023.
Strengths
The following positive indicators were identified for Maine Childrens Home For Little Wanderers:
- Strong program spending ratio, with 75% of expenses allocated to programs in 2023.
- Consistent reporting of 0% officer compensation, indicating transparency or a unique compensation structure.
- Maintains substantial assets ($8,585,156 in 2023) providing financial stability despite recent deficits.
- Low liabilities relative to assets ($147,510 liabilities vs. $8,585,156 assets in 2023).
Frequently Asked Questions about Maine Childrens Home For Little Wanderers
Is Maine Childrens Home For Little Wanderers a legitimate charity?
Maine Childrens Home For Little Wanderers (EIN: 10267392) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.7M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Maine Childrens Home For Little Wanderers spend its money?
Maine Childrens Home For Little Wanderers directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Maine Childrens Home For Little Wanderers tax-deductible?
Maine Childrens Home For Little Wanderers is registered as a tax-exempt nonprofit (EIN: 10267392). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Childrens Home For Little Wanderers's spending goes to programs?
Maine Childrens Home For Little Wanderers directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Childrens Home For Little Wanderers located?
Maine Childrens Home For Little Wanderers is headquartered in Waterville, Maine and files with the IRS under EIN 10267392.
How many years of IRS 990 filings does Maine Childrens Home For Little Wanderers have?
Maine Childrens Home For Little Wanderers 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 $2.7M in total revenue.
Is Maine Childrens Home For Little Wanderers a good charity?
Based on its high program spending ratio (75% in 2023) and consistent reporting of 0% officer compensation, the organization appears to be a good charity in terms of program focus and transparency regarding executive pay. However, recent operating deficits should be monitored.
What caused the operating deficits in 2022 and 2023?
The provided data indicates that expenses exceeded revenue in both 2022 and 2023. For example, in 2023, expenses were $2,457,778 while revenue was $1,858,492, resulting in a deficit of approximately $599,286. The specific causes of these deficits would require a deeper dive into the organization's detailed financial statements.
How does the organization fund its operations given the deficits?
While the organization has experienced operating deficits, it maintains substantial assets ($8,585,156 in 2023). These assets likely provide a buffer to cover shortfalls, but sustained deficits could erode these reserves over time. Further analysis of investment income or specific reserve funds would be needed.
Filing History
IRS 990 filing history for Maine Childrens Home For Little Wanderers showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Childrens Home For Little Wanderers's revenue has declined by 8.8%, moving from $2.0M to $1.9M. Total assets decreased by 0.4% over the same period, from $8.6M to $8.6M. Total functional expenses rose by 50.7%, from $1.6M to $2.5M. In its most recent filing year (2023), Maine Childrens Home For Little Wanderers reported a deficit of $599K, with expenses exceeding revenue. The organization holds $148K in liabilities against $8.6M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $8.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.5M | $8.6M | $148K | — | — |
| 2022 | $1.9M | $2.2M | $8.8M | $246K | — | — |
| 2021 | $2.2M | $2.1M | $10.5M | $437K | — | View 990 |
| 2020 | $2.5M | $2.3M | $9.5M | $361K | — | — |
| 2019 | $2.1M | $2.8M | $8.5M | $343K | — | View 990 |
| 2018 | $2.1M | $2.6M | $8.4M | $350K | — | View 990 |
| 2017 | $2.1M | $2.5M | $9.4M | $333K | — | View 990 |
| 2016 | $2.6M | $2.4M | $9.0M | $305K | — | View 990 |
| 2015 | $1.8M | $2.0M | $8.6M | $228K | — | View 990 |
| 2014 | $1.7M | $1.9M | $9.2M | $189K | — | View 990 |
| 2013 | $1.5M | $1.9M | $9.3M | $142K | — | View 990 |
| 2012 | $1.5M | $1.7M | $8.9M | $211K | — | View 990 |
| 2011 | $2.0M | $1.6M | $8.6M | $226K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.5M, and assets of $8.6M (revenue -2.1% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.2M, and assets of $8.8M (revenue -13.5% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.1M, and assets of $10.5M (revenue -11.8% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.3M, and assets of $9.5M (revenue +20.0% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.8M, and assets of $8.5M (revenue -0.8% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.6M, and assets of $8.4M (revenue -2.7% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.5M, and assets of $9.4M (revenue -18.0% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.4M, and assets of $9.0M (revenue +44.3% year-over-year).
- 2015: Revenue of $1.8M, expenses of $2.0M, and assets of $8.6M (revenue +6.1% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.9M, and assets of $9.2M (revenue +14.5% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.9M, and assets of $9.3M (revenue +1.2% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.7M, and assets of $8.9M (revenue -27.7% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.6M, and assets of $8.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Childrens Home For Little Wanderers:
Data Sources and Methodology
This transparency report for Maine Childrens Home For Little Wanderers 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.