Maine Childrens Scholarship Fund
Maine Childrens Scholarship Fund consistently spends more than it earns, relying on substantial assets.
EIN: 10537569 · Unity, ME · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $285K |
| Total Expenses | $163K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $285,221. |
| Net Assets | $1.6M |
| Transparency Score | 75/100 |
Is Maine Childrens Scholarship Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Childrens Scholarship Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Childrens Scholarship Fund
Maine Childrens Scholarship Fund (EIN: 10537569) is a nonprofit organization based in Unity, ME, classified under NTEE code B82. The organization reported total revenue of $285K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Childrens Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Childrens Scholarship Fund is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $163K |
| Surplus / Deficit | $-136,053 |
| Total Assets | $1.6M |
| Net Assets | $1.6M |
| Operating Margin | -498.8% |
| Months of Reserves | 113.9 months |
Financial Health Grade: B
In 2023, Maine Childrens Scholarship Fund reported a deficit of $136K with expenses exceeding revenue, holds 113.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Maine Childrens Scholarship Fund's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -75.3% | -9.9% | +2.4% |
| 2022 | +126.2% | +11.5% | -26.6% |
| 2021 | -62.1% | -2.2% | +19.4% |
| 2020 | -27.2% | +23.8% | +8.4% |
| 2019 | +6.2% | -5.9% | -3.7% |
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 Maine Childrens Scholarship Fund 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Maine Childrens Scholarship Fund 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $136K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This suggests a volunteer-driven leadership model, which is highly efficient for a nonprofit of this size with latest revenue of $285,221.
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 Scholarship Fund's IRS 990 filings:
- Consistent deficit spending (expenses frequently exceed revenue, e.g., $163,330 expenses vs. $27,277 revenue in 202308)
- Declining asset trend in recent years ($2,064,295 in 202108 to $1,550,774 in 202308)
Strengths
The following positive indicators were identified for Maine Childrens Scholarship Fund:
- Strong and stable asset base (consistently over $1.4 million)
- No reported liabilities across all filings
- 0% officer compensation, indicating high efficiency in leadership costs
- Long and consistent IRS 990 filing history (13 filings), demonstrating transparency
Frequently Asked Questions about Maine Childrens Scholarship Fund
Is Maine Childrens Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Childrens Scholarship Fund (EIN: 10537569) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Maine Childrens Scholarship Fund spend its money?
Maine Childrens Scholarship Fund directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Childrens Scholarship Fund tax-deductible?
Maine Childrens Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 10537569). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Childrens Scholarship Fund CEO make?
Maine Childrens Scholarship Fund's highest-compensated officer earns $285,221. annually. The organization reported $285K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Childrens Scholarship Fund's spending goes to programs?
Maine Childrens Scholarship Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Childrens Scholarship Fund compare to similar nonprofits?
With a transparency score of 75/100 (Good), Maine Childrens Scholarship Fund is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Childrens Scholarship Fund located?
Maine Childrens Scholarship Fund is headquartered in Unity, Maine and files with the IRS under EIN 10537569. It is classified under NTEE code B82.
How many years of IRS 990 filings does Maine Childrens Scholarship Fund have?
Maine Childrens Scholarship Fund 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 $285K in total revenue.
Is Maine Childrens Scholarship Fund a good charity?
Based on the available data, the Maine Childrens Scholarship Fund appears to be a good charity, particularly due to its strong asset base (over $1.5 million consistently), lack of liabilities, and 0% officer compensation, indicating efficient use of funds. However, its consistent deficit spending (e.g., $27,277 revenue vs. $163,330 expenses in 202308) suggests a reliance on its endowment, which could be a long-term concern if not addressed.
How does the organization fund its operations given its revenue often falls short of expenses?
The organization primarily funds its operations by drawing from its substantial asset base, which has consistently remained above $1.4 million. For example, in 202308, with expenses of $163,330 and revenue of only $27,277, the difference was covered by existing assets.
What is the trend in the organization's assets?
The organization's assets have been relatively stable over the past decade, generally fluctuating between $1.4 million and $2 million. While there was a peak of $2,064,295 in 202108, assets have since decreased to $1,550,774 in 202308, likely due to consistent deficit spending.
Filing History
IRS 990 filing history for Maine Childrens Scholarship Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Childrens Scholarship Fund's revenue has declined by 19%, moving from $34K to $27K. Total assets increased by 5491% over the same period, from $28K to $1.6M. Total functional expenses rose by 193.3%, from $56K to $163K. In its most recent filing year (2023), Maine Childrens Scholarship Fund reported a deficit of $136K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27K | $163K | $1.6M | $0 | — | View 990 |
| 2022 | $110K | $181K | $1.5M | $0 | — | View 990 |
| 2021 | $49K | $163K | $2.1M | $0 | — | — |
| 2020 | $129K | $166K | $1.7M | $0 | — | View 990 |
| 2019 | $177K | $134K | $1.6M | $0 | — | View 990 |
| 2018 | $167K | $143K | $1.7M | $0 | — | View 990 |
| 2017 | $142K | $136K | $1.5M | $0 | — | View 990 |
| 2016 | $87K | $139K | $1.4M | $0 | — | View 990 |
| 2015 | $71K | $107K | $1.4M | $0 | — | View 990 |
| 2014 | $32K | $90K | $1.5M | $0 | — | View 990 |
| 2013 | $42K | $81K | $1.4M | $0 | — | View 990 |
| 2012 | $1.3M | $53K | $1.2M | $0 | — | View 990 |
| 2011 | $34K | $56K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27K, expenses of $163K, and assets of $1.6M (revenue -75.3% year-over-year).
- 2022: Revenue of $110K, expenses of $181K, and assets of $1.5M (revenue +126.2% year-over-year).
- 2021: Revenue of $49K, expenses of $163K, and assets of $2.1M (revenue -62.1% year-over-year).
- 2020: Revenue of $129K, expenses of $166K, and assets of $1.7M (revenue -27.2% year-over-year).
- 2019: Revenue of $177K, expenses of $134K, and assets of $1.6M (revenue +6.2% year-over-year).
- 2018: Revenue of $167K, expenses of $143K, and assets of $1.7M (revenue +17.3% year-over-year).
- 2017: Revenue of $142K, expenses of $136K, and assets of $1.5M (revenue +63.0% year-over-year).
- 2016: Revenue of $87K, expenses of $139K, and assets of $1.4M (revenue +22.8% year-over-year).
- 2015: Revenue of $71K, expenses of $107K, and assets of $1.4M (revenue +121.7% year-over-year).
- 2014: Revenue of $32K, expenses of $90K, and assets of $1.5M (revenue -24.3% year-over-year).
- 2013: Revenue of $42K, expenses of $81K, and assets of $1.4M (revenue -96.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $53K, and assets of $1.2M (revenue +3684.0% year-over-year).
- 2011: Revenue of $34K, expenses of $56K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Childrens Scholarship Fund:
Data Sources and Methodology
This transparency report for Maine Childrens Scholarship Fund 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.