Senior College At Belfast
Senior College At Belfast maintains growing assets despite recent revenue shortfalls against expenses.
EIN: 10540956 · Belfast, ME · NTEE: B03 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $39K |
| Total Expenses | $49K |
| Program Spending | 90% |
| Net Assets | $367K |
| Transparency Score | 85/100 |
Is Senior College At Belfast Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Senior College At Belfast directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Senior College At Belfast
Senior College At Belfast (EIN: 10540956) is a nonprofit organization based in Belfast, ME, classified under NTEE code B03. The organization reported total revenue of $39K and total assets of $400K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Senior College At Belfast's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Senior College At Belfast is a micro nonprofit that has been operating for 25 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $49K |
| Surplus / Deficit | $-25,384 |
| Total Assets | $367K |
| Net Assets | $367K |
| Operating Margin | -105.9% |
| Months of Reserves | 89.2 months |
Financial Health Grade: B
In 2023, Senior College At Belfast reported a deficit of $25K with expenses exceeding revenue, holds 89.2 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Senior College At Belfast's revenue has declined at a compound annual growth rate (CAGR) of -11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.8% | +213.2% | +1.3% |
| 2022 | -28.0% | -52.7% | -1.5% |
| 2021 | -34.7% | -15.6% | +12.8% |
| 2020 | +16.0% | -12.2% | +6.6% |
| 2019 | -66.5% | +4.5% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
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 Senior College At Belfast with a Mission Score of 85 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, Senior College At Belfast 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 deficit of $25K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based, which is highly efficient for an organization of its size and revenue level.
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 Senior College At Belfast's IRS 990 filings:
- Expenses exceeded revenue in multiple recent periods (e.g., 2023, 2021, 2019), indicating potential reliance on reserves.
- Significant fluctuation and general decline in revenue since 2017 peak ($122,467 to $23,981 in 2023).
Strengths
The following positive indicators were identified for Senior College At Belfast:
- Consistent growth in assets over the past decade, from $119,982 in 2014 to $400,098.
- Zero reported liabilities across all filing periods, indicating strong financial stability.
- 0% officer compensation, suggesting a highly efficient, volunteer-driven leadership.
- Excellent transparency with 12 years of consistent IRS 990 filings.
- Strong program focus due to minimal administrative and fundraising overhead.
Frequently Asked Questions about Senior College At Belfast
Is Senior College At Belfast a legitimate charity?
Based on AI analysis of IRS 990 filings, Senior College At Belfast (EIN: 10540956) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Senior College At Belfast spend its money?
Senior College At Belfast directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Senior College At Belfast tax-deductible?
Senior College At Belfast is registered as a tax-exempt nonprofit (EIN: 10540956). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Senior College At Belfast compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Senior College At Belfast is above average for NTEE category B03 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Senior College At Belfast located?
Senior College At Belfast is headquartered in Belfast, Maine and files with the IRS under EIN 10540956. It is classified under NTEE code B03.
How many years of IRS 990 filings does Senior College At Belfast have?
Senior College At Belfast has 12 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 $39K in total revenue.
Is Senior College At Belfast a good charity?
Based on the available data, Senior College At Belfast appears to be a well-managed charity with a strong program focus and excellent financial transparency. Its consistent asset growth and lack of liabilities are positive indicators, though recent revenue shortfalls against expenses warrant monitoring.
How does Senior College At Belfast fund its operations?
The organization primarily funds its operations through revenue, which has fluctuated significantly, ranging from $20,525 in 2022 to $122,467 in 2017. In periods where expenses exceed revenue, such as 2023 ($49,365 expenses vs. $23,981 revenue), it likely draws upon its accumulated assets, which have steadily grown to $400,098.
What is the trend in Senior College At Belfast's financial health?
Senior College At Belfast shows a positive trend in asset growth, increasing from $119,982 in 2014 to $400,098 currently. However, revenue has been inconsistent, with a notable decline from peak years (e.g., $122,467 in 2017) to recent figures (e.g., $23,981 in 2023), and expenses have exceeded revenue in several recent periods, suggesting a need to stabilize income streams.
Filing History
IRS 990 filing history for Senior College At Belfast showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Senior College At Belfast's revenue has declined by 72.9%, moving from $89K to $24K. Total assets increased by 348.3% over the same period, from $82K to $367K. Total functional expenses fell by 44.7%, from $89K to $49K. In its most recent filing year (2023), Senior College At Belfast reported a deficit of $25K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24K | $49K | $367K | $0 | — | View 990 |
| 2022 | $21K | $16K | $362K | $0 | — | View 990 |
| 2021 | $29K | $33K | $368K | $0 | — | — |
| 2020 | $44K | $40K | $326K | $0 | — | — |
| 2019 | $38K | $45K | $306K | $0 | — | View 990 |
| 2018 | $112K | $43K | $313K | $0 | — | View 990 |
| 2017 | $122K | $48K | $244K | $0 | — | View 990 |
| 2016 | $58K | $61K | $169K | $0 | — | View 990 |
| 2015 | $57K | $56K | $121K | $0 | — | View 990 |
| 2014 | $79K | $67K | $120K | $0 | — | View 990 |
| 2013 | $85K | $69K | $98K | $0 | — | View 990 |
| 2012 | $89K | $89K | $82K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24K, expenses of $49K, and assets of $367K (revenue +16.8% year-over-year).
- 2022: Revenue of $21K, expenses of $16K, and assets of $362K (revenue -28.0% year-over-year).
- 2021: Revenue of $29K, expenses of $33K, and assets of $368K (revenue -34.7% year-over-year).
- 2020: Revenue of $44K, expenses of $40K, and assets of $326K (revenue +16.0% year-over-year).
- 2019: Revenue of $38K, expenses of $45K, and assets of $306K (revenue -66.5% year-over-year).
- 2018: Revenue of $112K, expenses of $43K, and assets of $313K (revenue -8.2% year-over-year).
- 2017: Revenue of $122K, expenses of $48K, and assets of $244K (revenue +109.9% year-over-year).
- 2016: Revenue of $58K, expenses of $61K, and assets of $169K (revenue +2.4% year-over-year).
- 2015: Revenue of $57K, expenses of $56K, and assets of $121K (revenue -27.7% year-over-year).
- 2014: Revenue of $79K, expenses of $67K, and assets of $120K (revenue -7.5% year-over-year).
- 2013: Revenue of $85K, expenses of $69K, and assets of $98K (revenue -3.8% year-over-year).
- 2012: Revenue of $89K, expenses of $89K, and assets of $82K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Senior College At Belfast:
Data Sources and Methodology
This transparency report for Senior College At Belfast 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.