Peaks Island Childrens Workshop

Peaks Island Childrens Workshop shows strong revenue growth and no reported officer compensation, indicating efficient operations.

EIN: 10482767 · Peaks Island, ME · NTEE: O99Z · Updated: 2026-03-28

$379KRevenue

$538KAssets

92/100Mission Score (Excellent)

O99Z

About Peaks Island Childrens Workshop

Peaks Island Childrens Workshop (EIN: 10482767) is a nonprofit organization based in Peaks Island, ME, classified under NTEE code O99Z. The organization reported total revenue of $379K and total assets of $538K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peaks Island Childrens Workshop's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Peaks Island Childrens Workshop demonstrates a generally healthy financial trajectory, particularly in recent years. The organization has shown consistent revenue growth, with a significant jump from $193,387 in 2021 to $422,150 in 2023, indicating strong community support or successful fundraising efforts. This growth has allowed for an increase in assets, reaching $524,566 in 2023, while maintaining manageable liabilities. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or very lean administrative structure, which is a positive indicator for donor confidence and efficient use of funds.

The organization's spending efficiency appears robust, as evidenced by the 2023 filing where expenses were $288,842 against revenues of $422,150, resulting in a substantial surplus. This surplus contributes to asset growth and financial stability. The absence of reported officer compensation further reinforces the impression of a highly efficient operation, likely directing a large proportion of its budget directly to program services. The consistent filing of IRS Form 990s over 14 periods also points to a commitment to transparency and regulatory compliance.

Overall, Peaks Island Childrens Workshop appears to be a financially sound and well-managed nonprofit. Its growth in revenue and assets, coupled with low liabilities and no reported officer compensation, paints a picture of an organization effectively utilizing its resources to achieve its mission. The consistent financial reporting further enhances its transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Peaks Island Childrens Workshop 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Peaks Island Childrens Workshop allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for resource allocation.

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.

Strengths

The following positive indicators were identified for Peaks Island Childrens Workshop:

Strong revenue growth, particularly from $193,387 in 2021 to $422,150 in 2023.
Consistent reporting of 0% officer compensation, indicating efficient use of funds.
Healthy asset growth, reaching $524,566 in 2023.
Consistent filing of IRS Form 990s over 14 periods, demonstrating transparency.
Positive net income in recent years, contributing to financial stability (e.g., $422,150 revenue vs. $288,842 expenses in 2023).

Frequently Asked Questions about Peaks Island Childrens Workshop

Is Peaks Island Childrens Workshop a good charity?

Based on the financial data, Peaks Island Childrens Workshop appears to be a very good charity. It demonstrates strong financial health, significant revenue growth (e.g., $193,387 in 2021 to $422,150 in 2023), and a commitment to directing resources to its mission, as evidenced by 0% officer compensation.

How has the organization's financial health changed over time?

The organization has shown significant financial improvement, particularly in recent years. Revenue has more than doubled from $193,387 in 2021 to $422,150 in 2023, and assets have grown from $364,122 in 2021 to $524,566 in 2023, indicating increasing stability and capacity.

What is the organization's approach to executive compensation?

Peaks Island Childrens Workshop reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership or a structure where executive roles are not compensated, which is a strong positive for donor trust and efficiency.

Filing History

IRS 990 filing history for Peaks Island Childrens Workshop showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2023), Peaks Island Childrens Workshop's revenue has grown by 85.2%, moving from $228K to $422K. Total assets increased by 99.3% over the same period, from $263K to $525K. Total functional expenses rose by 9.7%, from $263K to $289K. In its most recent filing year (2023), Peaks Island Childrens Workshop reported a surplus of $133K, with revenue exceeding expenses. The organization holds $90K in liabilities against $525K in assets (debt-to-asset ratio: 17.2%), resulting in net assets of $434K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$422K	$289K	$525K	$90K	—	—
2022	$302K	$268K	$395K	$94K	—	View 990
2021	$193K	$208K	$364K	$98K	—	View 990
2020	$153K	$138K	$373K	$92K	—	—
2019	$191K	$185K	$274K	$8K	—	View 990
2018	$188K	$193K	$268K	$8K	—	View 990
2017	$198K	$199K	$280K	$14K	—	View 990
2016	$206K	$211K	$287K	$20K	—	View 990
2015	$199K	$195K	$278K	$6K	—	View 990
2014	$192K	$184K	$273K	$5K	—	View 990
2013	$198K	$200K	$266K	$6K	—	View 990
2012	$74K	$53K	$274K	$12K	—	View 990
2012	$188K	$181K	$261K	$20K	—	View 990
2011	$228K	$263K	$263K	$29K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $422K, expenses of $289K, and assets of $525K (revenue +39.6% year-over-year).
2022: Revenue of $302K, expenses of $268K, and assets of $395K (revenue +56.4% year-over-year).
2021: Revenue of $193K, expenses of $208K, and assets of $364K (revenue +26.7% year-over-year).
2020: Revenue of $153K, expenses of $138K, and assets of $373K (revenue -20.1% year-over-year).
2019: Revenue of $191K, expenses of $185K, and assets of $274K (revenue +1.5% year-over-year).
2018: Revenue of $188K, expenses of $193K, and assets of $268K (revenue -5.0% year-over-year).
2017: Revenue of $198K, expenses of $199K, and assets of $280K (revenue -3.7% year-over-year).
2016: Revenue of $206K, expenses of $211K, and assets of $287K (revenue +3.2% year-over-year).
2015: Revenue of $199K, expenses of $195K, and assets of $278K (revenue +3.8% year-over-year).
2014: Revenue of $192K, expenses of $184K, and assets of $273K (revenue -3.0% year-over-year).
2013: Revenue of $198K, expenses of $200K, and assets of $266K (revenue +168.7% year-over-year).
2012: Revenue of $74K, expenses of $53K, and assets of $274K (revenue -60.7% year-over-year).
2012: Revenue of $188K, expenses of $181K, and assets of $261K (revenue -17.7% year-over-year).
2011: Revenue of $228K, expenses of $263K, and assets of $263K.

Data Sources and Methodology

This transparency report for Peaks Island Childrens Workshop 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.