Midtown Athletic Club
Midtown Athletic Club shows consistent revenue growth and maintains a healthy financial surplus with no reported officer compensation.
EIN: 10371971 · Lewiston, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $506K |
| Total Expenses | $122K |
| Program Spending | 80% |
| Net Assets | $178K |
| Transparency Score | 85/100 |
Is Midtown Athletic Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Midtown Athletic Club directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Midtown Athletic Club
Midtown Athletic Club (EIN: 10371971) is a nonprofit organization based in Lewiston, ME. The organization reported total revenue of $506K and total assets of $167K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midtown Athletic Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midtown Athletic Club is a small nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $147K |
| Total Expenses | $122K |
| Surplus / Deficit | +$25K |
| Total Assets | $204K |
| Total Liabilities | $26K |
| Net Assets | $178K |
| Operating Margin | 16.9% |
| Debt-to-Asset Ratio | 12.7% |
| Months of Reserves | 20.1 months |
Financial Health Grade: A
In 2023, Midtown Athletic Club reported a surplus of $25K with revenue exceeding expenses, holds 20.1 months of operating reserves (strong position), has a debt-to-asset ratio of 12.7% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Midtown Athletic Club's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.7% | +11.6% | +15.2% |
| 2022 | +15.6% | +3.8% | +57.0% |
| 2021 | +92.6% | +75.2% | +74.1% |
| 2020 | -7.8% | -14.6% | +8.3% |
| 2019 | +16.9% | +3.9% | +35.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Midtown Athletic Club with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Midtown Athletic Club 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 surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.7%.
Executive Compensation Analysis
Midtown Athletic Club consistently reports 0% officer compensation across all available filings, indicating that its leadership is either volunteer-based or compensated through means not classified as officer compensation, which contributes to lower overhead.
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 Midtown Athletic Club's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising)
- NTEE code is unknown, limiting understanding of specific mission area
Strengths
The following positive indicators were identified for Midtown Athletic Club:
- Consistent revenue growth over a decade (from $77,656 in 2013 to $146,771 in 2023)
- Healthy financial surplus maintained annually (e.g., $24,808 in 2023)
- Significant growth in assets, indicating financial stability and potential for future investment (from $28,418 in 2013 to $204,251 in 2023)
- No reported officer compensation, suggesting efficient use of funds for operations
- Consistent IRS 990 filing history (12 filings), indicating good transparency practices
Frequently Asked Questions about Midtown Athletic Club
Is Midtown Athletic Club a legitimate charity?
Midtown Athletic Club (EIN: 10371971) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $506K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Midtown Athletic Club spend its money?
Midtown Athletic Club directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Midtown Athletic Club tax-deductible?
Midtown Athletic Club is registered as a tax-exempt nonprofit (EIN: 10371971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Midtown Athletic Club's spending goes to programs?
Midtown Athletic Club directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Midtown Athletic Club located?
Midtown Athletic Club is headquartered in Lewiston, Maine and files with the IRS under EIN 10371971.
How many years of IRS 990 filings does Midtown Athletic Club have?
Midtown Athletic Club has 12 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 $506K in total revenue.
What are the primary sources of Midtown Athletic Club's revenue?
The provided data indicates consistent revenue generation, but specific sources (e.g., membership fees, donations, grants) are not detailed in the summary.
How does Midtown Athletic Club allocate its expenses beyond the general 'expenses' category?
The filings provide total expenses but lack a detailed breakdown into program, administrative, and fundraising costs, making a precise allocation assessment difficult.
Are there any plans for the accumulated assets, which have grown significantly to $204,251 in 2023?
The filings show a healthy increase in assets, but the specific plans for these assets (e.g., facility improvements, new programs, reserves) are not disclosed in the summary data.
Who comprises the leadership of Midtown Athletic Club, given the 0% officer compensation?
The consistent 0% officer compensation suggests a volunteer-led board or leadership team, but specific individuals or their roles are not detailed in the provided financial summary.
Filing History
IRS 990 filing history for Midtown Athletic Club showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Midtown Athletic Club's revenue has grown by 68%, moving from $87K to $147K. Total assets increased by 608% over the same period, from $29K to $204K. Total functional expenses rose by 46.9%, from $83K to $122K. In its most recent filing year (2023), Midtown Athletic Club reported a surplus of $25K, with revenue exceeding expenses. The organization holds $26K in liabilities against $204K in assets (debt-to-asset ratio: 12.7%), resulting in net assets of $178K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $147K | $122K | $204K | $26K | — | — |
| 2022 | $174K | $109K | $177K | $24K | — | View 990 |
| 2021 | $151K | $105K | $113K | $25K | — | — |
| 2020 | $78K | $60K | $65K | $25K | — | — |
| 2019 | $85K | $70K | $60K | $21K | — | View 990 |
| 2018 | $73K | $68K | $44K | $20K | — | View 990 |
| 2016 | $81K | $75K | $35K | $20K | — | View 990 |
| 2015 | $81K | $82K | $28K | $20K | — | View 990 |
| 2014 | $78K | $81K | $28K | $20K | — | View 990 |
| 2013 | $78K | $87K | $28K | $17K | — | View 990 |
| 2012 | $97K | $92K | $34K | $13K | — | View 990 |
| 2011 | $87K | $83K | $29K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $147K, expenses of $122K, and assets of $204K (revenue -15.7% year-over-year).
- 2022: Revenue of $174K, expenses of $109K, and assets of $177K (revenue +15.6% year-over-year).
- 2021: Revenue of $151K, expenses of $105K, and assets of $113K (revenue +92.6% year-over-year).
- 2020: Revenue of $78K, expenses of $60K, and assets of $65K (revenue -7.8% year-over-year).
- 2019: Revenue of $85K, expenses of $70K, and assets of $60K (revenue +16.9% year-over-year).
- 2018: Revenue of $73K, expenses of $68K, and assets of $44K (revenue -10.5% year-over-year).
- 2016: Revenue of $81K, expenses of $75K, and assets of $35K (revenue -0.2% year-over-year).
- 2015: Revenue of $81K, expenses of $82K, and assets of $28K (revenue +4.7% year-over-year).
- 2014: Revenue of $78K, expenses of $81K, and assets of $28K (revenue +-0.0% year-over-year).
- 2013: Revenue of $78K, expenses of $87K, and assets of $28K (revenue -19.5% year-over-year).
- 2012: Revenue of $97K, expenses of $92K, and assets of $34K (revenue +10.5% year-over-year).
- 2011: Revenue of $87K, expenses of $83K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midtown Athletic Club:
Data Sources and Methodology
This transparency report for Midtown Athletic Club 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.