Portland Velo Club
Portland Velo Club maintains strong financial health with no liabilities and consistent asset growth.
EIN: 10489156 · Portland, ME · NTEE: N60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25K |
| Total Expenses | $20K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $25,494. |
| Net Assets | $61K |
| Transparency Score | 90/100 |
Is Portland Velo Club Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portland Velo Club directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Portland Velo Club
Portland Velo Club (EIN: 10489156) is a nonprofit organization based in Portland, ME, classified under NTEE code N60. The organization reported total revenue of $25K and total assets of $69K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland Velo Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland Velo Club is a micro nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20K |
| Total Expenses | $20K |
| Surplus / Deficit | +$347 |
| Total Assets | $61K |
| Net Assets | $61K |
| Operating Margin | 1.7% |
| Months of Reserves | 36.6 months |
Financial Health Grade: A
In 2023, Portland Velo Club reported a surplus of $347 with revenue exceeding expenses, holds 36.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Portland Velo Club's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.2% | +73.2% | +0.6% |
| 2022 | +18.6% | +123.6% | +16.5% |
| 2021 | +49.1% | -19.8% | +29.3% |
| 2020 | -72.5% | -79.5% | +14.0% |
| 2019 | +101.0% | -9.5% | +39.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Velo Club 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: 90%
- fundraising: 0%
According to IRS 990 filings, Portland Velo Club 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $347, with revenue exceeding expenses.
Executive Compensation Analysis
Portland Velo Club reports 0% officer compensation across all available filings, indicating that executive leadership is likely volunteer-based, which is highly efficient for an organization of its size with latest revenue of $25,494.
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 Velo Club:
- No reported liabilities across all 13 filings, indicating excellent financial health.
- 0% officer compensation, suggesting high operational efficiency and volunteer leadership.
- Consistent asset growth, from $18,928 in 2016 to $61,400 in 2023, demonstrating financial stability.
- Positive net income in recent years (e.g., $347 in 2023 and $8,629 in 2022), showing sustainable operations.
- Consistent IRS 990 filing history (13 filings), indicating strong transparency.
Frequently Asked Questions about Portland Velo Club
Is Portland Velo Club a legitimate charity?
Portland Velo Club (EIN: 10489156) 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: $25K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Portland Velo Club spend its money?
Portland Velo Club directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Portland Velo Club tax-deductible?
Portland Velo Club is registered as a tax-exempt nonprofit (EIN: 10489156). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Portland Velo Club CEO make?
Portland Velo Club's highest-compensated officer earns $25,494. annually. The organization reported $25K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Portland Velo Club compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Portland Velo Club 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 Velo Club located?
Portland Velo Club is headquartered in Portland, Maine and files with the IRS under EIN 10489156. It is classified under NTEE code N60.
How many years of IRS 990 filings does Portland Velo Club have?
Portland Velo Club 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 $25K in total revenue.
Is Portland Velo Club a good charity?
Based on the provided financial data, Portland Velo Club appears to be a well-managed organization. It has no reported liabilities, consistently grows its assets, and reports 0% officer compensation, suggesting a high degree of financial efficiency and dedication to its mission.
How has Portland Velo Club's revenue trended over time?
Portland Velo Club's revenue has fluctuated, with a notable low of $1,175 in 2016 and a high of $45,286 in 2017. More recently, it has shown a positive trend, increasing from $11,456 in 2020 to $20,497 in 2023.
What is the organization's financial stability?
The organization demonstrates strong financial stability, with no reported liabilities across all filings and a consistent increase in assets, from $18,928 in 2016 to $61,400 in 2023. This indicates prudent financial management.
Filing History
IRS 990 filing history for Portland Velo Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Portland Velo Club's revenue has declined by 9.6%, moving from $23K to $20K. Total assets increased by 428.8% over the same period, from $12K to $61K. Total functional expenses rose by 0.6%, from $20K to $20K. In its most recent filing year (2023), Portland Velo Club reported a surplus of $347, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20K | $20K | $61K | $0 | — | View 990 |
| 2022 | $20K | $12K | $61K | $0 | — | View 990 |
| 2021 | $17K | $5K | $52K | $0 | — | — |
| 2020 | $11K | $6K | $41K | $0 | — | — |
| 2019 | $42K | $32K | $36K | $0 | — | View 990 |
| 2018 | $21K | $35K | $26K | $0 | — | View 990 |
| 2017 | $45K | $24K | $40K | $0 | — | View 990 |
| 2016 | $1K | $21K | $19K | $0 | — | View 990 |
| 2015 | $20K | $13K | $39K | $0 | — | View 990 |
| 2014 | $29K | $18K | $32K | $0 | — | View 990 |
| 2013 | $27K | $20K | $21K | $0 | — | View 990 |
| 2012 | $18K | $16K | $14K | $0 | — | View 990 |
| 2011 | $23K | $20K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20K, expenses of $20K, and assets of $61K (revenue +1.2% year-over-year).
- 2022: Revenue of $20K, expenses of $12K, and assets of $61K (revenue +18.6% year-over-year).
- 2021: Revenue of $17K, expenses of $5K, and assets of $52K (revenue +49.1% year-over-year).
- 2020: Revenue of $11K, expenses of $6K, and assets of $41K (revenue -72.5% year-over-year).
- 2019: Revenue of $42K, expenses of $32K, and assets of $36K (revenue +101.0% year-over-year).
- 2018: Revenue of $21K, expenses of $35K, and assets of $26K (revenue -54.2% year-over-year).
- 2017: Revenue of $45K, expenses of $24K, and assets of $40K (revenue +3754.1% year-over-year).
- 2016: Revenue of $1K, expenses of $21K, and assets of $19K (revenue -94.3% year-over-year).
- 2015: Revenue of $20K, expenses of $13K, and assets of $39K (revenue -30.6% year-over-year).
- 2014: Revenue of $29K, expenses of $18K, and assets of $32K (revenue +9.3% year-over-year).
- 2013: Revenue of $27K, expenses of $20K, and assets of $21K (revenue +48.6% year-over-year).
- 2012: Revenue of $18K, expenses of $16K, and assets of $14K (revenue -20.0% year-over-year).
- 2011: Revenue of $23K, expenses of $20K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland Velo Club:
Data Sources and Methodology
This transparency report for Portland Velo 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.