Penobscot Christian School
Penobscot Christian School shows consistent revenue growth and positive net assets with no reported officer compensation.
EIN: 10371166 · Bangor, ME · NTEE: B24Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| Net Assets | $363K |
| Transparency Score | 85/100 |
Is Penobscot Christian School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penobscot Christian School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penobscot Christian School
Penobscot Christian School (EIN: 10371166) is a nonprofit organization based in Bangor, ME, classified under NTEE code B24Z. The organization reported total revenue of $1.6M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penobscot Christian School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penobscot Christian School is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 13.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$22K |
| Total Assets | $778K |
| Total Liabilities | $415K |
| Net Assets | $363K |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 53.3% |
| Months of Reserves | 7.4 months |
Financial Health Grade: A
In 2024, Penobscot Christian School reported a surplus of $22K with revenue exceeding expenses, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 53.3% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Penobscot Christian School's revenue has grown at a compound annual growth rate (CAGR) of 13.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +27.6% | +33.0% | +3.3% |
| 2023 | +24.2% | +20.4% | +6.9% |
| 2022 | +3.9% | +14.0% | +1.7% |
| 2021 | +27.4% | +14.3% | +1.0% |
| 2020 | +30.4% | +24.5% | +110.1% |
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 Penobscot Christian School 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Penobscot Christian School 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 53.3%.
Executive Compensation Analysis
Penobscot Christian School consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated through non-officer categories, which is highly unusual for an organization of its size and growing revenue.
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 Penobscot Christian School's IRS 990 filings:
- Lack of detailed functional expense breakdown prevents precise spending efficiency analysis
- Consistent 0% officer compensation is unusual for an organization of this size and could indicate compensation is reported in other categories, potentially obscuring true executive costs.
Strengths
The following positive indicators were identified for Penobscot Christian School:
- Consistent and significant revenue growth over the past decade (from $394,464 in 2015 to $1,283,994 in 2024).
- Positive net asset position with growing assets ($395,235 in 2015 to $777,805 in 2024).
- Expenses consistently below revenue, indicating sound financial management and operational surpluses.
- No reported officer compensation, potentially indicating a highly efficient, volunteer-driven leadership model.
Frequently Asked Questions about Penobscot Christian School
Is Penobscot Christian School a legitimate charity?
Based on AI analysis of IRS 990 filings, Penobscot Christian School (EIN: 10371166) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Penobscot Christian School spend its money?
Penobscot Christian School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Penobscot Christian School tax-deductible?
Penobscot Christian School is registered as a tax-exempt nonprofit (EIN: 10371166). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Penobscot Christian School's spending goes to programs?
Penobscot Christian School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Penobscot Christian School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Penobscot Christian School is above average for NTEE category B24Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Penobscot Christian School located?
Penobscot Christian School is headquartered in Bangor, Maine and files with the IRS under EIN 10371166. It is classified under NTEE code B24Z.
How many years of IRS 990 filings does Penobscot Christian School have?
Penobscot Christian School 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 $1.6M in total revenue.
Is Penobscot Christian School a good charity?
Based on the available IRS 990 data, Penobscot Christian School appears to be a financially healthy organization with consistent revenue growth and increasing assets. The consistent reporting of 0% officer compensation is a positive indicator of potentially low administrative overhead, suggesting a strong focus on its mission. However, without detailed functional expense breakdowns, a definitive assessment of 'good charity' status is challenging, as we cannot precisely determine the percentage of funds directly allocated to programs versus administrative or fundraising costs.
How has Penobscot Christian School's revenue grown over time?
Penobscot Christian School has experienced significant revenue growth, increasing from $394,464 in 2015 to $1,283,994 in 2024, representing over a 225% increase in less than a decade. This indicates strong financial development and increasing support for its operations.
What is the organization's asset growth trend?
The organization's assets have shown a positive growth trend, increasing from $395,235 in 2015 to $777,805 in 2024. This consistent growth in assets, alongside increasing liabilities, suggests ongoing investment and expansion of the school's resources.
Does Penobscot Christian School pay its officers?
According to all available IRS 990 filings from 2015 to 2024, Penobscot Christian School consistently reports 0% officer compensation. This suggests that officers are either unpaid volunteers or compensated through means not categorized as officer compensation on the 990 form.
Filing History
IRS 990 filing history for Penobscot Christian School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Penobscot Christian School's revenue has grown by 359.5%, moving from $279K to $1.3M. Total assets increased by 103.7% over the same period, from $382K to $778K. Total functional expenses rose by 380.3%, from $263K to $1.3M. In its most recent filing year (2024), Penobscot Christian School reported a surplus of $22K, with revenue exceeding expenses. The organization holds $415K in liabilities against $778K in assets (debt-to-asset ratio: 53.3%), resulting in net assets of $363K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.3M | $1.3M | $778K | $415K | — | View 990 |
| 2023 | $1.0M | $949K | $753K | $401K | — | — |
| 2022 | $810K | $789K | $704K | $404K | — | View 990 |
| 2021 | $780K | $692K | $693K | $415K | — | View 990 |
| 2020 | $612K | $605K | $686K | $496K | — | View 990 |
| 2019 | $470K | $486K | $326K | $144K | — | View 990 |
| 2018 | $416K | $448K | $348K | $149K | — | — |
| 2017 | $417K | $406K | $391K | $160K | — | View 990 |
| 2016 | $402K | $383K | $400K | $181K | — | View 990 |
| 2015 | $394K | $367K | $395K | $196K | — | View 990 |
| 2014 | $347K | $343K | $379K | $207K | — | View 990 |
| 2013 | $295K | $284K | $382K | $215K | — | View 990 |
| 2012 | $279K | $263K | $382K | $226K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.3M, expenses of $1.3M, and assets of $778K (revenue +27.6% year-over-year).
- 2023: Revenue of $1.0M, expenses of $949K, and assets of $753K (revenue +24.2% year-over-year).
- 2022: Revenue of $810K, expenses of $789K, and assets of $704K (revenue +3.9% year-over-year).
- 2021: Revenue of $780K, expenses of $692K, and assets of $693K (revenue +27.4% year-over-year).
- 2020: Revenue of $612K, expenses of $605K, and assets of $686K (revenue +30.4% year-over-year).
- 2019: Revenue of $470K, expenses of $486K, and assets of $326K (revenue +12.8% year-over-year).
- 2018: Revenue of $416K, expenses of $448K, and assets of $348K (revenue -0.2% year-over-year).
- 2017: Revenue of $417K, expenses of $406K, and assets of $391K (revenue +3.6% year-over-year).
- 2016: Revenue of $402K, expenses of $383K, and assets of $400K (revenue +2.0% year-over-year).
- 2015: Revenue of $394K, expenses of $367K, and assets of $395K (revenue +13.7% year-over-year).
- 2014: Revenue of $347K, expenses of $343K, and assets of $379K (revenue +17.6% year-over-year).
- 2013: Revenue of $295K, expenses of $284K, and assets of $382K (revenue +5.6% year-over-year).
- 2012: Revenue of $279K, expenses of $263K, and assets of $382K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penobscot Christian School:
Data Sources and Methodology
This transparency report for Penobscot Christian School 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.