Quaglia Institute For Student Aspirations
Quaglia Institute For Student Aspirations faces severe financial decline with revenue plummeting over 97% in a decade.
EIN: 202298927 · Rome, ME · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $35K |
| Total Expenses | $84K |
| Program Spending | 70% |
| Net Assets | $344K |
| Transparency Score | 40/100 |
Is Quaglia Institute For Student Aspirations Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Quaglia Institute For Student Aspirations directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Quaglia Institute For Student Aspirations
Quaglia Institute For Student Aspirations (EIN: 202298927) is a nonprofit organization based in Rome, ME, classified under NTEE code B90. The organization reported total revenue of $35K and total assets of $369K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quaglia Institute For Student Aspirations's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quaglia Institute For Student Aspirations 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 -25.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $84K |
| Surplus / Deficit | $-47,992 |
| Total Assets | $490K |
| Total Liabilities | $146K |
| Net Assets | $344K |
| Operating Margin | -133.7% |
| Debt-to-Asset Ratio | 29.8% |
| Months of Reserves | 70.0 months |
Financial Health Grade: B
In 2023, Quaglia Institute For Student Aspirations reported a deficit of $48K with expenses exceeding revenue, holds 70.0 months of operating reserves (strong position), has a debt-to-asset ratio of 29.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Quaglia Institute For Student Aspirations's revenue has declined at a compound annual growth rate (CAGR) of -25.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.5% | -18.2% | -20.1% |
| 2022 | -56.4% | -47.5% | -20.3% |
| 2021 | -50.2% | +5.3% | -15.9% |
| 2020 | -65.9% | -5.7% | -8.5% |
| 2019 | -4.3% | -20.2% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Quaglia Institute For Student Aspirations with a Mission Score of 40 out of 100 (Fair). 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, Quaglia Institute For Student Aspirations 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 deficit of $48K, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.8%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filing periods, indicating that the organization's leadership is not drawing a salary, which is a positive sign 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.
Red Flags
The following concerns were identified during AI analysis of Quaglia Institute For Student Aspirations's IRS 990 filings:
- Severe and sustained decline in revenue, dropping from $1,337,263 in 2014 to $35,894 in 2023.
- Consistent operational deficits, with expenses frequently exceeding revenue (e.g., $83,886 expenses vs. $35,894 revenue in 2023).
- Significant decrease in assets over time, from $1,922,108 in 2014 to $489,521 in 2023, indicating asset depletion.
- Negative revenue reported in 2017 (-$204,262), which is highly unusual and suggests significant financial challenges or accounting adjustments.
Strengths
The following positive indicators were identified for Quaglia Institute For Student Aspirations:
- Consistent 0% officer compensation across all reported periods, indicating leadership is not drawing a salary.
- Long history of IRS 990 filings (13 filings), demonstrating a commitment to regulatory compliance and transparency in reporting.
Frequently Asked Questions about Quaglia Institute For Student Aspirations
Is Quaglia Institute For Student Aspirations a legitimate charity?
Quaglia Institute For Student Aspirations (EIN: 202298927) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 40/100. It has 13 years of IRS 990 filings on record. Total revenue: $35K. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Quaglia Institute For Student Aspirations spend its money?
Quaglia Institute For Student Aspirations directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Quaglia Institute For Student Aspirations tax-deductible?
Quaglia Institute For Student Aspirations is registered as a tax-exempt nonprofit (EIN: 202298927). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Quaglia Institute For Student Aspirations's spending goes to programs?
Quaglia Institute For Student Aspirations directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Quaglia Institute For Student Aspirations compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Quaglia Institute For Student Aspirations is near average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Quaglia Institute For Student Aspirations located?
Quaglia Institute For Student Aspirations is headquartered in Rome, Maine and files with the IRS under EIN 202298927. It is classified under NTEE code B90.
How many years of IRS 990 filings does Quaglia Institute For Student Aspirations have?
Quaglia Institute For Student Aspirations 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 $35K in total revenue.
Is Quaglia Institute For Student Aspirations a good charity?
The organization's financial health is a significant concern, with revenue declining sharply and expenses consistently exceeding income. While officer compensation is 0%, the overall financial instability makes it difficult to assess its effectiveness as a 'good charity' without more detailed program impact data and a clear path to financial sustainability.
What caused the drastic drop in revenue from $1.3M in 2014 to $35K in 2023?
The provided data does not specify the exact causes for the revenue decline. It could be due to a loss of major grants, changes in funding models, reduced program demand, or other operational challenges. Further investigation into their funding sources and program activities would be necessary to understand this trend.
How does the organization plan to address its consistent operational deficits?
The filings show consistent operational deficits, with expenses often significantly exceeding revenue (e.g., $83,886 expenses vs. $35,894 revenue in 2023). The provided data does not outline any specific strategies for addressing these deficits or achieving financial stability.
What are the primary programs currently being funded by the organization's limited revenue?
The summary data does not provide a breakdown of program activities or how the current limited revenue of $35,894 is being allocated to specific programs. This information would be crucial to understand the impact of their work.
Filing History
IRS 990 filing history for Quaglia Institute For Student Aspirations showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Quaglia Institute For Student Aspirations's revenue has declined by 97%, moving from $1.2M to $36K. Total assets decreased by 67.5% over the same period, from $1.5M to $490K. Total functional expenses fell by 91.6%, from $993K to $84K. In its most recent filing year (2023), Quaglia Institute For Student Aspirations reported a deficit of $48K, with expenses exceeding revenue. The organization holds $146K in liabilities against $490K in assets (debt-to-asset ratio: 29.8%), resulting in net assets of $344K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36K | $84K | $490K | $146K | — | — |
| 2022 | $22K | $103K | $613K | $221K | — | View 990 |
| 2021 | $50K | $195K | $768K | $296K | — | View 990 |
| 2020 | $101K | $185K | $913K | $296K | — | — |
| 2019 | $296K | $197K | $998K | $296K | — | View 990 |
| 2018 | $309K | $246K | $898K | $296K | — | View 990 |
| 2017 | $-204,262 | $340K | $935K | $396K | — | View 990 |
| 2016 | $544K | $583K | $1.6M | $496K | — | View 990 |
| 2015 | $893K | $1.2M | $1.6M | $471K | — | View 990 |
| 2014 | $1.3M | $1.1M | $1.9M | $446K | — | View 990 |
| 2013 | $1.2M | $1.1M | $1.7M | $416K | — | View 990 |
| 2012 | $1.2M | $1.1M | $1.6M | $395K | — | View 990 |
| 2011 | $1.2M | $993K | $1.5M | $370K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36K, expenses of $84K, and assets of $490K (revenue +63.5% year-over-year).
- 2022: Revenue of $22K, expenses of $103K, and assets of $613K (revenue -56.4% year-over-year).
- 2021: Revenue of $50K, expenses of $195K, and assets of $768K (revenue -50.2% year-over-year).
- 2020: Revenue of $101K, expenses of $185K, and assets of $913K (revenue -65.9% year-over-year).
- 2019: Revenue of $296K, expenses of $197K, and assets of $998K (revenue -4.3% year-over-year).
- 2018: Revenue of $309K, expenses of $246K, and assets of $898K.
- 2017: Revenue of $-204,262, expenses of $340K, and assets of $935K (revenue -137.6% year-over-year).
- 2016: Revenue of $544K, expenses of $583K, and assets of $1.6M (revenue -39.1% year-over-year).
- 2015: Revenue of $893K, expenses of $1.2M, and assets of $1.6M (revenue -33.2% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.1M, and assets of $1.9M (revenue +11.1% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $1.7M (revenue +1.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $1.6M (revenue +0.5% year-over-year).
- 2011: Revenue of $1.2M, expenses of $993K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quaglia Institute For Student Aspirations:
Data Sources and Methodology
This transparency report for Quaglia Institute For Student Aspirations 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.