Maine Childrens Trust Inc
Maine Childrens Trust Inc shows consistent revenue growth and 0% reported officer compensation over a decade.
EIN: 10492479 · Augusta, ME · NTEE: I120 · Updated: 2026-03-28
Is Maine Childrens Trust Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Childrens Trust Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Childrens Trust Inc
Maine Childrens Trust Inc (EIN: 10492479) is a nonprofit organization based in Augusta, ME, classified under NTEE code I120. The organization reported total revenue of $12.9M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Childrens Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maine Childrens Trust Inc 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: 4%
- programs: 95%
- fundraising: 1%
According to IRS 990 filings, Maine Childrens Trust Inc allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 available filings, including the latest period ending 202306. This is highly unusual for an organization with over $12 million in revenue and suggests either a fully volunteer executive team or that executive compensation is covered through other means not reported as officer compensation on the 990, which would warrant 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 Trust Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size is highly unusual and may indicate a complex compensation structure not fully transparent on the 990.
Strengths
The following positive indicators were identified for Maine Childrens Trust Inc:
- Consistent and significant revenue growth, from $1.39M in 2014 to $12.04M in 2023, indicating strong financial support and program expansion.
- Strong program spending, with expenses consistently close to revenue, suggesting a high percentage of funds are directed towards mission-related activities.
- Healthy asset growth, with assets increasing from $1.13M in 2014 to $4.84M in 2023, demonstrating financial stability.
- Low liabilities relative to assets, indicating a sound financial position and limited debt burden.
Frequently Asked Questions about Maine Childrens Trust Inc
Is Maine Childrens Trust Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Childrens Trust Inc (EIN: 10492479) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Maine Childrens Trust Inc spend its money?
Maine Childrens Trust Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Childrens Trust Inc tax-deductible?
Maine Childrens Trust Inc is registered as a tax-exempt nonprofit (EIN: 10492479). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Maine Childrens Trust Inc manage to report 0% officer compensation with over $12 million in revenue?
The consistent reporting of 0% officer compensation across all filings suggests that executive leadership may be entirely volunteer-based, compensated through a related entity, or that compensation is structured in a way that it is not reported as 'officer compensation' on the 990. This practice, while seemingly efficient, warrants further investigation to understand the full compensation structure of its leadership.
What is the organization's primary source of revenue given its significant growth?
While the filings indicate substantial revenue growth from $1.39 million in 2014 to $12.04 million in 2023, the specific breakdown of revenue sources (e.g., government grants, public contributions, program service revenue) is not detailed in the provided summary. Further examination of the full 990 forms would be necessary to identify the primary drivers of this growth.
Does the organization maintain sufficient reserves given its tight operating margins?
The organization consistently spends nearly all of its revenue, with expenses closely matching revenue (e.g., $11,923,415 expenses vs. $12,044,474 revenue in 2023). While assets have grown to $4,844,872, the tight operating margin suggests a lean operation. The adequacy of reserves would depend on the nature of its funding and potential for unexpected expenses, requiring a deeper dive into its balance sheet and operational risks.
Filing History
IRS 990 filing history for Maine Childrens Trust Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Childrens Trust Inc's revenue has grown by 850.6%, moving from $1.3M to $12.0M. Total assets increased by 382.7% over the same period, from $1.0M to $4.8M. Total functional expenses rose by 909.6%, from $1.2M to $11.9M. In its most recent filing year (2023), Maine Childrens Trust Inc reported a surplus of $121K, with revenue exceeding expenses. The organization holds $2.1M in liabilities against $4.8M in assets (debt-to-asset ratio: 42.9%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $12.0M | $11.9M | $4.8M | $2.1M | — | View 990 |
| 2022 | $11.8M | $11.7M | $4.4M | $1.8M | — | View 990 |
| 2021 | $10.6M | $10.4M | $4.2M | $1.4M | — | View 990 |
| 2020 | $11.1M | $10.4M | $3.2M | $877K | — | View 990 |
| 2019 | $10.4M | $10.4M | $3.0M | $1.5M | — | View 990 |
| 2018 | $10.4M | $10.4M | $2.4M | $880K | — | View 990 |
| 2017 | $9.2M | $9.2M | $2.6M | $1.2M | — | View 990 |
| 2016 | $4.3M | $4.1M | $3.5M | $2.3M | — | View 990 |
| 2015 | $1.6M | $1.5M | $1.2M | $144K | — | View 990 |
| 2014 | $1.4M | $1.4M | $1.1M | $218K | — | View 990 |
| 2013 | $1.4M | $1.4M | $1.1M | $263K | — | View 990 |
| 2012 | $1.5M | $1.5M | $1.3M | $338K | — | View 990 |
| 2011 | $1.3M | $1.2M | $1.0M | $84K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.0M, expenses of $11.9M, and assets of $4.8M (revenue +2.2% year-over-year).
- 2022: Revenue of $11.8M, expenses of $11.7M, and assets of $4.4M (revenue +11.5% year-over-year).
- 2021: Revenue of $10.6M, expenses of $10.4M, and assets of $4.2M (revenue -4.9% year-over-year).
- 2020: Revenue of $11.1M, expenses of $10.4M, and assets of $3.2M (revenue +6.6% year-over-year).
- 2019: Revenue of $10.4M, expenses of $10.4M, and assets of $3.0M (revenue -0.2% year-over-year).
- 2018: Revenue of $10.4M, expenses of $10.4M, and assets of $2.4M (revenue +13.3% year-over-year).
- 2017: Revenue of $9.2M, expenses of $9.2M, and assets of $2.6M (revenue +112.8% year-over-year).
- 2016: Revenue of $4.3M, expenses of $4.1M, and assets of $3.5M (revenue +165.6% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $1.2M (revenue +17.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $1.1M (revenue +0.6% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $1.1M (revenue -5.7% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $1.3M (revenue +15.8% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.2M, and assets of $1.0M.
Data Sources and Methodology
This transparency report for Maine Childrens Trust Inc 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.