Secret Santa
Secret Santa experiences significant revenue volatility, with a near-zero revenue in its latest filing despite ongoing expenses.
EIN: 10460014 · Kennebunkport, ME · NTEE: P58 · Updated: 2026-03-28
Is Secret Santa Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Secret Santa directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Secret Santa
Secret Santa (EIN: 10460014) is a nonprofit organization based in Kennebunkport, ME, classified under NTEE code P58. 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 Secret Santa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Secret Santa with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Secret Santa allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization, which is appropriate given its small scale and fluctuating financial resources.
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 Secret Santa's IRS 990 filings:
- Extreme revenue volatility, with latest reported revenue of $0 while still incurring expenses of $22,605.
- Significant deficit in the latest reporting period (2022), with expenses far exceeding revenue.
Strengths
The following positive indicators were identified for Secret Santa:
- No reported officer compensation, indicating a volunteer-driven model.
- No reported liabilities across all filing periods, suggesting financial prudence regarding debt.
Frequently Asked Questions about Secret Santa
Is Secret Santa a legitimate charity?
Based on AI analysis of IRS 990 filings, Secret Santa (EIN: 10460014) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Secret Santa spend its money?
Secret Santa directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Secret Santa tax-deductible?
Secret Santa is registered as a tax-exempt nonprofit (EIN: 10460014). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Secret Santa a good charity?
Secret Santa operates with no reported officer compensation, suggesting a strong volunteer ethos. However, its financial stability is a concern due to highly volatile revenue, including a near-zero revenue in 2022 while still incurring over $22,000 in expenses. This makes it difficult to assess its long-term viability and impact without further information on its funding sources and program details.
How does Secret Santa fund its operations given the revenue fluctuations?
The significant fluctuations in revenue, such as $34 in 2022 compared to $42,465 in 2021, suggest that Secret Santa may rely on sporadic large donations, grants, or a significant carry-over of funds from previous years to cover expenses when current year revenue is low. The consistent asset base, even with revenue drops, supports the idea of using reserves.
What caused the drastic drop in revenue in 2022?
The provided data does not specify the cause of the drastic drop in revenue from $42,465 in 2021 to $34 in 2022. This could be due to a one-time grant not being renewed, a significant donor withdrawing support, or a change in fundraising strategy. Further investigation into their 990-EZ or 990 filings would be needed to understand the specific revenue streams.
Filing History
IRS 990 filing history for Secret Santa showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2015–2022), Secret Santa's revenue has declined by 99.8%, moving from $19K to $34. Total assets decreased by 61.7% over the same period, from $26K to $10K. Total functional expenses rose by 127.1%, from $10K to $23K. In its most recent filing year (2022), Secret Santa reported a deficit of $23K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $34 | $23K | $10K | $0 | — | — |
| 2021 | $42K | $27K | $33K | $0 | — | — |
| 2020 | $15K | $8K | $17K | $0 | — | — |
| 2019 | $9K | $12K | $10K | $0 | — | — |
| 2018 | $8K | $22K | $12K | $0 | — | — |
| 2017 | $16K | $18K | $26K | $0 | — | — |
| 2016 | $16K | $18K | $24K | $0 | — | — |
| 2015 | $19K | $10K | $26K | $0 | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $34, expenses of $23K, and assets of $10K (revenue -99.9% year-over-year).
- 2021: Revenue of $42K, expenses of $27K, and assets of $33K (revenue +185.2% year-over-year).
- 2020: Revenue of $15K, expenses of $8K, and assets of $17K (revenue +60.8% year-over-year).
- 2019: Revenue of $9K, expenses of $12K, and assets of $10K (revenue +10.5% year-over-year).
- 2018: Revenue of $8K, expenses of $22K, and assets of $12K (revenue -46.0% year-over-year).
- 2017: Revenue of $16K, expenses of $18K, and assets of $26K (revenue +0.0% year-over-year).
- 2016: Revenue of $16K, expenses of $18K, and assets of $24K (revenue -17.9% year-over-year).
- 2015: Revenue of $19K, expenses of $10K, and assets of $26K.
Data Sources and Methodology
This transparency report for Secret Santa 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.