Mckeen Street Learning Center Inc
Mckeen Street Learning Center Inc maintains stable operations with no reported officer compensation.
EIN: 10503294 · Brunswick, ME · NTEE: B21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $359K |
| Total Expenses | $364K |
| Program Spending | 85% |
| Net Assets | $105K |
| Transparency Score | 90/100 |
Is Mckeen Street Learning Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mckeen Street Learning Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mckeen Street Learning Center Inc
Mckeen Street Learning Center Inc (EIN: 10503294) is a nonprofit organization based in Brunswick, ME, classified under NTEE code B21Z. The organization reported total revenue of $359K and total assets of $107K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mckeen Street Learning Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mckeen Street Learning Center Inc is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $349K |
| Total Expenses | $364K |
| Surplus / Deficit | $-15,013 |
| Total Assets | $123K |
| Total Liabilities | $18K |
| Net Assets | $105K |
| Operating Margin | -4.3% |
| Debt-to-Asset Ratio | 14.8% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2023, Mckeen Street Learning Center Inc reported a deficit of $15K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 14.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mckeen Street Learning Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.5% | -1.8% | -10.6% |
| 2022 | +6.4% | +8.9% | +3.4% |
| 2021 | +24.6% | +19.2% | +46.6% |
| 2020 | -7.4% | -7.9% | +18.7% |
| 2019 | -6.3% | +1.3% | -7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Mckeen Street Learning Center Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mckeen Street Learning Center Inc 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 $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for a nonprofit of its size.
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 Mckeen Street Learning Center Inc's IRS 990 filings:
- Occasional minor operational deficits (e.g., 2023, 2020, 2019, 2017) where expenses slightly exceed revenue, though not severe.
Strengths
The following positive indicators were identified for Mckeen Street Learning Center Inc:
- Consistent 0% officer compensation reported across all filings, indicating high efficiency or volunteer leadership.
- Stable financial operations with revenues and expenses generally balancing over time.
- Modest and growing asset base, demonstrating responsible financial stewardship.
- Low liabilities in most years, suggesting good debt management.
- Extensive filing history (13 filings) providing strong transparency.
Frequently Asked Questions about Mckeen Street Learning Center Inc
Is Mckeen Street Learning Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mckeen Street Learning Center Inc (EIN: 10503294) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Mckeen Street Learning Center Inc spend its money?
Mckeen Street Learning Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mckeen Street Learning Center Inc tax-deductible?
Mckeen Street Learning Center Inc is registered as a tax-exempt nonprofit (EIN: 10503294). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mckeen Street Learning Center Inc's spending goes to programs?
Mckeen Street Learning Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mckeen Street Learning Center Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Mckeen Street Learning Center Inc is above average for NTEE category B21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mckeen Street Learning Center Inc located?
Mckeen Street Learning Center Inc is headquartered in Brunswick, Maine and files with the IRS under EIN 10503294. It is classified under NTEE code B21Z.
How many years of IRS 990 filings does Mckeen Street Learning Center Inc have?
Mckeen Street Learning Center Inc 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 $359K in total revenue.
Is Mckeen Street Learning Center Inc a good charity?
Based on the available IRS 990 data, Mckeen Street Learning Center Inc appears to be a good charity. It demonstrates consistent financial management, low administrative overhead (implied by 0% officer compensation), and a clear history of operations.
How does Mckeen Street Learning Center Inc manage its assets?
The organization manages its assets prudently, showing a gradual increase from $72,401 in 2014 to $123,143 in 2023, without accumulating excessive reserves relative to its operational scale.
What is the trend in Mckeen Street Learning Center Inc's revenue and expenses?
Mckeen Street Learning Center Inc generally maintains a balance between revenue and expenses. While there are slight deficits in some years (e.g., 2023: $349,103 revenue vs. $364,116 expenses), these are typically minor and indicate stable, ongoing operations rather than significant financial distress.
Filing History
IRS 990 filing history for Mckeen Street Learning Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mckeen Street Learning Center Inc's revenue has grown by 20.5%, moving from $290K to $349K. Total assets decreased by 55% over the same period, from $273K to $123K. Total functional expenses rose by 36.6%, from $267K to $364K. In its most recent filing year (2023), Mckeen Street Learning Center Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $18K in liabilities against $123K in assets (debt-to-asset ratio: 14.8%), resulting in net assets of $105K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $349K | $364K | $123K | $18K | — | — |
| 2022 | $373K | $371K | $138K | $18K | — | View 990 |
| 2021 | $351K | $341K | $133K | $16K | — | View 990 |
| 2020 | $282K | $286K | $91K | $18K | — | — |
| 2019 | $304K | $310K | $77K | $0 | — | View 990 |
| 2018 | $325K | $306K | $83K | $0 | — | View 990 |
| 2017 | $314K | $321K | $64K | $0 | — | — |
| 2016 | $312K | $306K | $71K | $0 | — | View 990 |
| 2015 | $298K | $295K | $71K | $5K | — | View 990 |
| 2014 | $289K | $521K | $72K | $9K | — | View 990 |
| 2013 | $295K | $306K | $308K | $13K | — | View 990 |
| 2012 | $339K | $307K | $321K | $15K | — | View 990 |
| 2011 | $290K | $267K | $273K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $349K, expenses of $364K, and assets of $123K (revenue -6.5% year-over-year).
- 2022: Revenue of $373K, expenses of $371K, and assets of $138K (revenue +6.4% year-over-year).
- 2021: Revenue of $351K, expenses of $341K, and assets of $133K (revenue +24.6% year-over-year).
- 2020: Revenue of $282K, expenses of $286K, and assets of $91K (revenue -7.4% year-over-year).
- 2019: Revenue of $304K, expenses of $310K, and assets of $77K (revenue -6.3% year-over-year).
- 2018: Revenue of $325K, expenses of $306K, and assets of $83K (revenue +3.3% year-over-year).
- 2017: Revenue of $314K, expenses of $321K, and assets of $64K (revenue +0.8% year-over-year).
- 2016: Revenue of $312K, expenses of $306K, and assets of $71K (revenue +4.6% year-over-year).
- 2015: Revenue of $298K, expenses of $295K, and assets of $71K (revenue +2.8% year-over-year).
- 2014: Revenue of $289K, expenses of $521K, and assets of $72K (revenue -1.8% year-over-year).
- 2013: Revenue of $295K, expenses of $306K, and assets of $308K (revenue -13.0% year-over-year).
- 2012: Revenue of $339K, expenses of $307K, and assets of $321K (revenue +17.0% year-over-year).
- 2011: Revenue of $290K, expenses of $267K, and assets of $273K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mckeen Street Learning Center Inc:
Data Sources and Methodology
This transparency report for Mckeen Street Learning Center 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.