Poland Spring Academy Inc
Poland Spring Academy Inc. faces significant financial challenges with consistent negative net assets and volatile revenue.
EIN: 10527934 · Poland, ME · NTEE: B202 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $34K |
| Program Spending | 70% |
| Net Assets | $-214,572 |
| Transparency Score | 35/100 |
Is Poland Spring Academy Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Poland Spring Academy Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Poland Spring Academy Inc
Poland Spring Academy Inc (EIN: 10527934) is a nonprofit organization based in Poland, ME, classified under NTEE code B202. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Poland Spring Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Poland Spring Academy Inc is a micro nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $49K |
| Total Expenses | $34K |
| Surplus / Deficit | +$15K |
| Total Assets | $185K |
| Total Liabilities | $400K |
| Net Assets | $-214,572 |
| Operating Margin | 30.2% |
| Debt-to-Asset Ratio | 216.0% |
| Months of Reserves | 65.2 months |
Financial Health Grade: A
In 2023, Poland Spring Academy Inc reported a surplus of $15K with revenue exceeding expenses, holds 65.2 months of operating reserves (strong position), has a debt-to-asset ratio of 216.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Poland Spring Academy Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.5% | -35.4% | -1.4% |
| 2022 | +416.3% | +121.4% | -4.3% |
| 2021 | -93.2% | -85.9% | -4.3% |
| 2020 | -11.1% | +12.3% | -9.8% |
| 2019 | -0.6% | -6.9% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
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 Poland Spring Academy Inc with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Poland Spring Academy Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 216.0%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting either a volunteer leadership structure or compensation levels below IRS reporting thresholds, which could indicate efficient use of funds for a small organization.
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 Poland Spring Academy Inc's IRS 990 filings:
- Consistent negative net assets (liabilities significantly exceed assets) across all reported periods, indicating potential insolvency or heavy reliance on debt.
- Highly volatile revenue streams, with a sharp decline from $241,779 in 2017 to $10,560 in 2021, making financial planning challenging.
- Lack of detailed expense breakdown (program, admin, fundraising) in the summary data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Poland Spring Academy Inc:
- Consistent filing of IRS 990 forms, demonstrating compliance with reporting requirements.
- No reported officer compensation, suggesting a potentially volunteer-driven leadership or efficient use of funds at the executive level.
Frequently Asked Questions about Poland Spring Academy Inc
Is Poland Spring Academy Inc a legitimate charity?
Poland Spring Academy Inc (EIN: 10527934) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 35/100. It has 13 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Poland Spring Academy Inc spend its money?
Poland Spring Academy Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Poland Spring Academy Inc tax-deductible?
Poland Spring Academy Inc is registered as a tax-exempt nonprofit (EIN: 10527934). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Poland Spring Academy Inc's spending goes to programs?
Poland Spring Academy Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Poland Spring Academy Inc compare to similar nonprofits?
With a transparency score of 35/100 (Poor), Poland Spring Academy Inc is below average for NTEE category B202 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Poland Spring Academy Inc located?
Poland Spring Academy Inc is headquartered in Poland, Maine and files with the IRS under EIN 10527934. It is classified under NTEE code B202.
How many years of IRS 990 filings does Poland Spring Academy Inc have?
Poland Spring Academy 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.
What is the nature of Poland Spring Academy Inc.'s significant and persistent liabilities?
The provided data consistently shows liabilities far exceeding assets (e.g., $399,562 liabilities vs. $184,990 assets in 2023). Understanding the composition of these liabilities (e.g., mortgages, program-related investments, or other debt) is crucial to assessing financial risk.
How does Poland Spring Academy Inc. sustain operations with negative net assets?
With assets consistently less than liabilities, the organization operates with a negative net asset position. It's important to understand how it manages cash flow and funds its operations given this structural imbalance.
What caused the significant fluctuations in revenue, particularly the sharp drop from 2017 to 2021?
Revenue dropped from $241,779 in 2017 to $10,560 in 2021, then recovered slightly to $48,805 in 2023. Identifying the reasons for this volatility (e.g., grant cycles, donor base changes, program changes) is key to understanding its financial stability.
What are the specific program activities and how are funds allocated to them?
Without a detailed breakdown of expenses, it's unclear how the organization allocates its limited funds between program services, administrative overhead, and fundraising efforts. This information is vital for assessing its impact and efficiency.
Filing History
IRS 990 filing history for Poland Spring Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Poland Spring Academy Inc's revenue has declined by 75.3%, moving from $197K to $49K. Total assets decreased by 26.8% over the same period, from $253K to $185K. Total functional expenses fell by 78.4%, from $157K to $34K. In its most recent filing year (2023), Poland Spring Academy Inc reported a surplus of $15K, with revenue exceeding expenses. The organization holds $400K in liabilities against $185K in assets (debt-to-asset ratio: 216.0%), resulting in net assets of $-214,572.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $49K | $34K | $185K | $400K | — | View 990 |
| 2022 | $55K | $53K | $188K | $417K | — | View 990 |
| 2021 | $11K | $24K | $196K | $427K | — | — |
| 2020 | $156K | $169K | $205K | $423K | — | View 990 |
| 2019 | $175K | $151K | $227K | $431K | — | View 990 |
| 2018 | $176K | $162K | $230K | $459K | — | View 990 |
| 2017 | $242K | $213K | $222K | $465K | — | View 990 |
| 2016 | $207K | $197K | $185K | $456K | — | View 990 |
| 2015 | $204K | $222K | $187K | $468K | — | View 990 |
| 2014 | $161K | $153K | $263K | $541K | — | View 990 |
| 2013 | $163K | $144K | $297K | $583K | — | View 990 |
| 2012 | $113K | $202K | $188K | $500K | — | View 990 |
| 2011 | $197K | $157K | $253K | $475K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $49K, expenses of $34K, and assets of $185K (revenue -10.5% year-over-year).
- 2022: Revenue of $55K, expenses of $53K, and assets of $188K (revenue +416.3% year-over-year).
- 2021: Revenue of $11K, expenses of $24K, and assets of $196K (revenue -93.2% year-over-year).
- 2020: Revenue of $156K, expenses of $169K, and assets of $205K (revenue -11.1% year-over-year).
- 2019: Revenue of $175K, expenses of $151K, and assets of $227K (revenue -0.6% year-over-year).
- 2018: Revenue of $176K, expenses of $162K, and assets of $230K (revenue -27.1% year-over-year).
- 2017: Revenue of $242K, expenses of $213K, and assets of $222K (revenue +17.0% year-over-year).
- 2016: Revenue of $207K, expenses of $197K, and assets of $185K (revenue +1.3% year-over-year).
- 2015: Revenue of $204K, expenses of $222K, and assets of $187K (revenue +27.0% year-over-year).
- 2014: Revenue of $161K, expenses of $153K, and assets of $263K (revenue -1.5% year-over-year).
- 2013: Revenue of $163K, expenses of $144K, and assets of $297K (revenue +44.6% year-over-year).
- 2012: Revenue of $113K, expenses of $202K, and assets of $188K (revenue -42.9% year-over-year).
- 2011: Revenue of $197K, expenses of $157K, and assets of $253K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Poland Spring Academy Inc:
Data Sources and Methodology
This transparency report for Poland Spring Academy 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.