Maple Leaf Quilters Inc
Maple Leaf Quilters Inc: Declining Revenue, High Administrative Costs
EIN: 222982378 · Rutland, VT · NTEE: P20 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $16K |
| Total Expenses | $5K |
| CEO/Top Officer Pay | $0 |
| Net Assets | $15K |
| Transparency Score | 45/100 |
Is Maple Leaf Quilters Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maple Leaf Quilters Inc
Maple Leaf Quilters Inc (EIN: 222982378) is a nonprofit organization based in Rutland, VT, classified under NTEE code P20. The organization reported total revenue of $16K and total assets of $21K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maple Leaf Quilters Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maple Leaf Quilters Inc is a micro nonprofit that has been operating for 7 years, with 9 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -8.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $5K |
| Surplus / Deficit | $-2,056 |
| Total Assets | $15K |
| Net Assets | $15K |
| Operating Margin | -61.2% |
| Months of Reserves | 34.0 months |
Financial Health Grade: B
In 2024, Maple Leaf Quilters Inc reported a deficit of $2K with expenses exceeding revenue, holds 34.0 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2012–2024), Maple Leaf Quilters Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -71.3% | -2.9% | -11.8% |
| 2023 | +605.5% | +56.9% | +54.5% |
| 2022 | -53.7% | -25.1% | -8.8% |
| 2017 | -70.4% | +4.2% | -8.6% |
| 2016 | +183.8% | -6.4% | +128.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
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 Maple Leaf Quilters Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Maple Leaf Quilters Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with reported expenses.
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 Maple Leaf Quilters Inc's IRS 990 filings:
- Zero program service expenses reported in all available filings, despite significant total expenses (e.g., $5,413 in 2024).
- Consistent decline in revenue from $12,141 in 2016 to $3,357 in 2024.
- Administrative expenses appear to consume 100% of reported expenditures, raising questions about charitable impact.
- Lack of detail regarding the nature of expenses when no programs are reported.
Strengths
The following positive indicators were identified for Maple Leaf Quilters Inc:
- Consistently low liabilities reported across all years, indicating financial stability in terms of debt.
Frequently Asked Questions about Maple Leaf Quilters Inc
Is Maple Leaf Quilters Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maple Leaf Quilters Inc (EIN: 222982378) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Maple Leaf Quilters Inc spend its money?
Detailed spending breakdown data is not yet available for Maple Leaf Quilters Inc. Check back for updated IRS 990 analysis.
Are donations to Maple Leaf Quilters Inc tax-deductible?
Maple Leaf Quilters Inc is registered as a tax-exempt nonprofit (EIN: 222982378). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maple Leaf Quilters Inc CEO make?
Maple Leaf Quilters Inc's highest-compensated officer earns $0 annually. The organization reported $16K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Maple Leaf Quilters Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Maple Leaf Quilters Inc is near average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maple Leaf Quilters Inc located?
Maple Leaf Quilters Inc is headquartered in Rutland, Vermont and files with the IRS under EIN 222982378. It is classified under NTEE code P20.
How many years of IRS 990 filings does Maple Leaf Quilters Inc have?
Maple Leaf Quilters Inc has 9 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 $16K in total revenue.
What does Maple Leaf Quilters Inc do?
Maple Leaf Quilters Inc is a nonprofit organization in the Human Services sector, located in Rutland, Vermont. It is classified under NTEE code P20.
How much revenue does Maple Leaf Quilters Inc have?
Maple Leaf Quilters Inc reported total revenue of $16,250. Based on 9 IRS 990 filings on record.
What are Maple Leaf Quilters Inc's total assets?
Maple Leaf Quilters Inc holds total assets of $20,742 as reported in IRS 990 filings.
Where is Maple Leaf Quilters Inc located?
Maple Leaf Quilters Inc is based in Rutland, Vermont.
What is Maple Leaf Quilters Inc's EIN?
Maple Leaf Quilters Inc's Employer Identification Number (EIN) is 222982378. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Maple Leaf Quilters Inc?
Maple Leaf Quilters Inc is classified under NTEE code P20 (Human Services).
Is Maple Leaf Quilters Inc a registered 501(c)(3)?
Yes, Maple Leaf Quilters Inc is recognized as a tax-exempt organization by the IRS. EIN: 222982378.
Does Maple Leaf Quilters Inc file IRS Form 990?
Yes, Maple Leaf Quilters Inc has 9 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Maple Leaf Quilters Inc's revenue in 2024?
In the 202406 filing period, Maple Leaf Quilters Inc reported total revenue of $3,357, total expenses of $5,413, and net assets of $15,337.
Is Maple Leaf Quilters Inc's revenue growing or declining?
Maple Leaf Quilters Inc's revenue is declining. Revenue went from $11,711 (202308) to $3,357 (202406), a -71.3% change. Based on 9 filings on record.
What is Maple Leaf Quilters Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Maple Leaf Quilters Inc covers tax period 202406. It shows revenue of $3,357, expenses of $5,413, total assets of $15,337, and liabilities of N/A.
Is Maple Leaf Quilters Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Maple Leaf Quilters Inc shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Maple Leaf Quilters Inc?
The following concerns were identified: Zero program service expenses reported in all available filings, despite significant total expenses (e.g., $5,413 in 2024).. Consistent decline in revenue from $12,141 in 2016 to $3,357 in 2024.. Administrative expenses appear to consume 100% of reported expenditures, raising questions about charitable impact.. Lack of detail regarding the nature of expenses when no programs are reported.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Maple Leaf Quilters Inc's strengths?
Positive indicators for Maple Leaf Quilters Inc include: Consistently low liabilities reported across all years, indicating financial stability in terms of debt.. These findings are derived from AI analysis of the organization's financial filings.
How does Maple Leaf Quilters Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with reported expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for program service expenses and 100% for administrative expenses, what is the actual charitable activity or public benefit provided by Maple Leaf Quilters Inc?
Based on the provided data, the filings do not indicate any direct charitable programs or services being delivered. All reported expenses are categorized as administrative, suggesting the organization's activities are solely operational without direct public benefit.
How does Maple Leaf Quilters Inc sustain operations with declining revenue and no reported program expenses, and what are the specific administrative activities consuming all expenditures?
The organization's ability to sustain operations with declining revenue and no program expenses is concerning. The filings do not provide specific details on what constitutes the administrative expenses, making it difficult to assess the nature of their operational activities.
Filing History
IRS 990 filing history for Maple Leaf Quilters Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2024), Maple Leaf Quilters Inc's revenue has declined by 63.8%, moving from $9K to $3K. Total assets increased by 59.5% over the same period, from $10K to $15K. Total functional expenses rose by 2.5%, from $5K to $5K. In its most recent filing year (2024), Maple Leaf Quilters Inc reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3K | $5K | $15K | $0 | — | — |
| 2023 | $12K | $6K | $17K | $0 | — | View 990 |
| 2022 | $2K | $4K | $11K | $0 | — | View 990 |
| 2017 | $4K | $5K | $12K | $0 | — | — |
| 2016 | $12K | $5K | $13K | $0 | — | — |
| 2015 | $4K | $5K | $6K | $0 | — | — |
| 2014 | $8K | $8K | $7K | $0 | — | — |
| 2013 | $4K | $8K | $6K | $0 | — | — |
| 2012 | $9K | $5K | $10K | $0 | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $3K, expenses of $5K, and assets of $15K (revenue -71.3% year-over-year).
- 2023: Revenue of $12K, expenses of $6K, and assets of $17K (revenue +605.5% year-over-year).
- 2022: Revenue of $2K, expenses of $4K, and assets of $11K (revenue -53.7% year-over-year).
- 2017: Revenue of $4K, expenses of $5K, and assets of $12K (revenue -70.4% year-over-year).
- 2016: Revenue of $12K, expenses of $5K, and assets of $13K (revenue +183.8% year-over-year).
- 2015: Revenue of $4K, expenses of $5K, and assets of $6K (revenue -46.0% year-over-year).
- 2014: Revenue of $8K, expenses of $8K, and assets of $7K (revenue +91.7% year-over-year).
- 2013: Revenue of $4K, expenses of $8K, and assets of $6K (revenue -55.4% year-over-year).
- 2012: Revenue of $9K, expenses of $5K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maple Leaf Quilters Inc:
Data Sources and Methodology
This transparency report for Maple Leaf Quilters 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.