Maine College Circle
Maine College Circle shows significant asset growth but highly volatile revenue and occasional operating deficits.
EIN: 10470496 · Ellsworth, ME · NTEE: A99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $54K |
| Total Expenses | $52K |
| Program Spending | 80% |
| Net Assets | $826K |
| Transparency Score | 75/100 |
Is Maine College Circle Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine College Circle directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine College Circle
Maine College Circle (EIN: 10470496) is a nonprofit organization based in Ellsworth, ME, classified under NTEE code A99Z. The organization reported total revenue of $54K and total assets of $763K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine College Circle's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine College Circle is a micro nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $52K |
| Surplus / Deficit | $-22,306 |
| Total Assets | $826K |
| Net Assets | $826K |
| Operating Margin | -74.0% |
| Months of Reserves | 189.1 months |
Financial Health Grade: B
In 2023, Maine College Circle reported a deficit of $22K with expenses exceeding revenue, holds 189.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Maine College Circle's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -96.0% | -51.2% | -2.6% |
| 2022 | +494.3% | +35.2% | +332.5% |
| 2021 | +145.6% | -11.3% | +32.7% |
| 2020 | -49.0% | +38.8% | -20.3% |
| 2019 | +52.9% | +39.3% | +25.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 College Circle 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Maine College Circle allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $22K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for donor perception and suggests a volunteer-led or very lean operational structure.
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 College Circle's IRS 990 filings:
- Highly volatile annual revenue, making financial planning challenging.
- Expenses exceeded revenue in multiple recent periods (e.g., 2023, 2020), indicating potential reliance on reserves or inconsistent funding.
Strengths
The following positive indicators were identified for Maine College Circle:
- Significant asset growth over the past decade, indicating strong financial stewardship of accumulated funds.
- Consistently reports 0% officer compensation, demonstrating a commitment to minimizing administrative overhead at the executive level.
- Maintains very low to zero liabilities, suggesting sound debt management and financial health.
- Consistent IRS 990 filing history (14 filings), indicating good transparency and compliance.
Frequently Asked Questions about Maine College Circle
Is Maine College Circle a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine College Circle (EIN: 10470496) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Maine College Circle spend its money?
Maine College Circle directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine College Circle tax-deductible?
Maine College Circle is registered as a tax-exempt nonprofit (EIN: 10470496). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine College Circle's spending goes to programs?
Maine College Circle directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine College Circle compare to similar nonprofits?
With a transparency score of 75/100 (Good), Maine College Circle is above average for NTEE category A99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine College Circle located?
Maine College Circle is headquartered in Ellsworth, Maine and files with the IRS under EIN 10470496. It is classified under NTEE code A99Z.
How many years of IRS 990 filings does Maine College Circle have?
Maine College Circle has 14 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 $54K in total revenue.
Is Maine College Circle financially stable given its volatile revenue?
While the organization has substantial assets ($826,495 in 2023), its revenue has fluctuated dramatically, from $759,981 in 2022 to $30,146 in 2023. This volatility could pose challenges for consistent program delivery if not managed with robust reserves.
How does Maine College Circle manage its expenses when revenue is low?
In periods like 2023 and 2020, expenses ($52,452 and $89,624 respectively) exceeded revenue ($30,146 and $52,070 respectively). This suggests the organization either relies on prior year surpluses or draws from its significant asset base to cover operational costs during leaner periods.
What is the reason for the significant asset growth?
Assets have grown from $43,395 in 2014 to $826,495 in 2023. This growth is likely due to accumulated surpluses from years with high revenue (e.g., 2022 revenue of $759,981) and potentially investment gains, indicating effective asset management.
Filing History
IRS 990 filing history for Maine College Circle showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Maine College Circle's revenue has declined by 14.1%, moving from $35K to $30K. Total assets increased by 6456.4% over the same period, from $13K to $826K. Total functional expenses rose by 0.9%, from $52K to $52K. In its most recent filing year (2023), Maine College Circle reported a deficit of $22K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30K | $52K | $826K | $0 | — | — |
| 2022 | $760K | $107K | $849K | $0 | — | View 990 |
| 2021 | $128K | $79K | $196K | $9 | — | View 990 |
| 2020 | $52K | $90K | $148K | $9 | — | View 990 |
| 2019 | $102K | $65K | $185K | $9 | — | View 990 |
| 2018 | $67K | $46K | $148K | $0 | — | View 990 |
| 2017 | $72K | $50K | $128K | $0 | — | View 990 |
| 2016 | $65K | $31K | $105K | $0 | — | View 990 |
| 2015 | $58K | $31K | $71K | $0 | — | View 990 |
| 2014 | $72K | $59K | $43K | $0 | — | View 990 |
| 2013 | $71K | $64K | $30K | $0 | — | View 990 |
| 2012 | $65K | $60K | $23K | $0 | — | View 990 |
| 2011 | $47K | $41K | $18K | $0 | — | View 990 |
| 2010 | $35K | $52K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30K, expenses of $52K, and assets of $826K (revenue -96.0% year-over-year).
- 2022: Revenue of $760K, expenses of $107K, and assets of $849K (revenue +494.3% year-over-year).
- 2021: Revenue of $128K, expenses of $79K, and assets of $196K (revenue +145.6% year-over-year).
- 2020: Revenue of $52K, expenses of $90K, and assets of $148K (revenue -49.0% year-over-year).
- 2019: Revenue of $102K, expenses of $65K, and assets of $185K (revenue +52.9% year-over-year).
- 2018: Revenue of $67K, expenses of $46K, and assets of $148K (revenue -7.6% year-over-year).
- 2017: Revenue of $72K, expenses of $50K, and assets of $128K (revenue +11.3% year-over-year).
- 2016: Revenue of $65K, expenses of $31K, and assets of $105K (revenue +11.2% year-over-year).
- 2015: Revenue of $58K, expenses of $31K, and assets of $71K (revenue -18.6% year-over-year).
- 2014: Revenue of $72K, expenses of $59K, and assets of $43K (revenue +1.6% year-over-year).
- 2013: Revenue of $71K, expenses of $64K, and assets of $30K (revenue +7.9% year-over-year).
- 2012: Revenue of $65K, expenses of $60K, and assets of $23K (revenue +39.6% year-over-year).
- 2011: Revenue of $47K, expenses of $41K, and assets of $18K (revenue +33.5% year-over-year).
- 2010: Revenue of $35K, expenses of $52K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine College Circle:
Data Sources and Methodology
This transparency report for Maine College Circle 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.