Portland Olympic Club Incorporated
Portland Olympic Club consistently operates with surpluses and zero liabilities, growing assets.
EIN: 10498100 · Portland, ME · NTEE: N60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $210K |
| Total Expenses | $179K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $229,967. |
| Net Assets | $233K |
| Transparency Score | 90/100 |
Is Portland Olympic Club Incorporated Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portland Olympic Club Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Portland Olympic Club Incorporated
Portland Olympic Club Incorporated (EIN: 10498100) is a nonprofit organization based in Portland, ME, classified under NTEE code N60. The organization reported total revenue of $210K and total assets of $230K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland Olympic Club Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland Olympic Club Incorporated is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $230K |
| Total Expenses | $179K |
| Surplus / Deficit | +$51K |
| Total Assets | $233K |
| Net Assets | $233K |
| Operating Margin | 22.3% |
| Months of Reserves | 15.6 months |
Financial Health Grade: A
In 2023, Portland Olympic Club Incorporated reported a surplus of $51K with revenue exceeding expenses, holds 15.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Portland Olympic Club Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.0% | -0.6% | +24.5% |
| 2022 | -1.9% | +21.2% | +15.9% |
| 2021 | +96.1% | +197.0% | +60.9% |
| 2020 | -10.3% | -52.4% | +130.7% |
| 2019 | +106.6% | +55.8% | +47.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
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 Portland Olympic Club Incorporated 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, Portland Olympic Club Incorporated 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 surplus of $51K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly efficient for an organization of its size with latest revenue of $229,967.
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 Portland Olympic Club Incorporated:
- Consistent financial surpluses, with 2023 revenue of $229,967 exceeding expenses of $178,632.
- Zero reported liabilities across all 13 IRS 990 filings, indicating strong financial stability.
- 0% officer compensation reported, suggesting all funds are directed towards operations and mission.
- Significant growth in assets from $43,465 in 2019 to $232,824 in 2023.
- Robust filing history with 13 IRS 990 filings, demonstrating transparency.
Frequently Asked Questions about Portland Olympic Club Incorporated
Is Portland Olympic Club Incorporated a legitimate charity?
Portland Olympic Club Incorporated (EIN: 10498100) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $210K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Portland Olympic Club Incorporated spend its money?
Portland Olympic Club Incorporated directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Portland Olympic Club Incorporated tax-deductible?
Portland Olympic Club Incorporated is registered as a tax-exempt nonprofit (EIN: 10498100). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Portland Olympic Club Incorporated CEO make?
Portland Olympic Club Incorporated's highest-compensated officer earns $229,967. annually. The organization reported $210K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Portland Olympic Club Incorporated's spending goes to programs?
Portland Olympic Club Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Portland Olympic Club Incorporated compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Portland Olympic Club Incorporated is above average for NTEE category N60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Portland Olympic Club Incorporated located?
Portland Olympic Club Incorporated is headquartered in Portland, Maine and files with the IRS under EIN 10498100. It is classified under NTEE code N60.
How many years of IRS 990 filings does Portland Olympic Club Incorporated have?
Portland Olympic Club Incorporated 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 $210K in total revenue.
Is Portland Olympic Club Incorporated a good charity?
Based on the available financial data, Portland Olympic Club Incorporated appears to be a well-managed organization. It consistently generates surpluses, has zero liabilities, and reports 0% officer compensation, indicating strong financial health and efficient use of funds.
How has the organization's financial health changed over time?
The organization has shown significant growth in revenue and assets, particularly since 2020. Revenue increased from $106,727 in 2020 to $229,967 in 2023, and assets grew from $100,271 to $232,824 in the same period, demonstrating a positive financial trajectory.
Does the organization have any debt?
No, the organization consistently reports $0 in liabilities across all 13 available IRS 990 filings, indicating it operates without debt.
Filing History
IRS 990 filing history for Portland Olympic Club Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Portland Olympic Club Incorporated's revenue has grown by 135%, moving from $98K to $230K. Total assets increased by 343.1% over the same period, from $53K to $233K. Total functional expenses rose by 127.3%, from $79K to $179K. In its most recent filing year (2023), Portland Olympic Club Incorporated reported a surplus of $51K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $230K | $179K | $233K | $0 | — | — |
| 2022 | $205K | $180K | $187K | $0 | — | View 990 |
| 2021 | $209K | $148K | $161K | $0 | — | View 990 |
| 2020 | $107K | $50K | $100K | $0 | — | View 990 |
| 2019 | $119K | $105K | $43K | $0 | — | View 990 |
| 2018 | $58K | $67K | $29K | $0 | — | View 990 |
| 2017 | $124K | $124K | $39K | $0 | — | View 990 |
| 2016 | $95K | $117K | $38K | $0 | — | View 990 |
| 2015 | $148K | $169K | $60K | $0 | — | View 990 |
| 2014 | $165K | $151K | $81K | $0 | — | View 990 |
| 2013 | $107K | $105K | $67K | $0 | — | View 990 |
| 2012 | $74K | $62K | $65K | $0 | — | View 990 |
| 2011 | $98K | $79K | $53K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $230K, expenses of $179K, and assets of $233K (revenue +12.0% year-over-year).
- 2022: Revenue of $205K, expenses of $180K, and assets of $187K (revenue -1.9% year-over-year).
- 2021: Revenue of $209K, expenses of $148K, and assets of $161K (revenue +96.1% year-over-year).
- 2020: Revenue of $107K, expenses of $50K, and assets of $100K (revenue -10.3% year-over-year).
- 2019: Revenue of $119K, expenses of $105K, and assets of $43K (revenue +106.6% year-over-year).
- 2018: Revenue of $58K, expenses of $67K, and assets of $29K (revenue -53.7% year-over-year).
- 2017: Revenue of $124K, expenses of $124K, and assets of $39K (revenue +30.9% year-over-year).
- 2016: Revenue of $95K, expenses of $117K, and assets of $38K (revenue -36.0% year-over-year).
- 2015: Revenue of $148K, expenses of $169K, and assets of $60K (revenue -10.3% year-over-year).
- 2014: Revenue of $165K, expenses of $151K, and assets of $81K (revenue +54.1% year-over-year).
- 2013: Revenue of $107K, expenses of $105K, and assets of $67K (revenue +44.1% year-over-year).
- 2012: Revenue of $74K, expenses of $62K, and assets of $65K (revenue -24.0% year-over-year).
- 2011: Revenue of $98K, expenses of $79K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland Olympic Club Incorporated:
Data Sources and Methodology
This transparency report for Portland Olympic Club Incorporated 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.