Sugarloaf Region Charitable Trust
Sugarloaf Region Charitable Trust experienced a deficit in its latest fiscal year after a strong surplus in the prior period.
EIN: 10393339 · Carabaset Vly, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $35K |
| Total Expenses | $46K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $35,124 |
| Net Assets | $85K |
| Transparency Score | 75/100 |
Is Sugarloaf Region Charitable Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sugarloaf Region Charitable Trust directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sugarloaf Region Charitable Trust
Sugarloaf Region Charitable Trust (EIN: 10393339) is a nonprofit organization based in Carabaset Vly, ME. The organization reported total revenue of $35K and total assets of $50K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sugarloaf Region Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sugarloaf Region Charitable Trust is a micro nonprofit that has been operating for 41 years, with 2 years of IRS 990 filings on record (2023–2024). Revenue has grown at a compound annual rate of -55.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $46K |
| Surplus / Deficit | $-9,782 |
| Total Assets | $85K |
| Net Assets | $85K |
| Operating Margin | -26.9% |
| Months of Reserves | 22.1 months |
Financial Health Grade: B
In 2024, Sugarloaf Region Charitable Trust reported a deficit of $10K with expenses exceeding revenue, holds 22.1 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2023–2024), Sugarloaf Region Charitable Trust's revenue has declined at a compound annual growth rate (CAGR) of -55.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -55.4% | +60.0% | -10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Sugarloaf Region Charitable Trust with a Mission Score of 75 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, Sugarloaf Region Charitable Trust 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% in both available filings, indicating that officers are not compensated, which is highly favorable for a small organization of this size ($35,124 latest revenue, $85,067 latest assets).
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 Sugarloaf Region Charitable Trust's IRS 990 filings:
- Deficit spending in the latest fiscal period (202403 expenses $46,175 exceeded revenue $36,393)
- Decline in total assets from $94,851 in 202303 to $85,067 in 202403
- Lack of NTEE code makes it difficult to benchmark against peer organizations
Strengths
The following positive indicators were identified for Sugarloaf Region Charitable Trust:
- 0% officer compensation reported in both filings, indicating volunteer leadership and efficient use of funds
- No reported liabilities in either filing, suggesting a debt-free operation
- History of significant revenue generation in prior periods (e.g., $81,647 in 202303)
Frequently Asked Questions about Sugarloaf Region Charitable Trust
Is Sugarloaf Region Charitable Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Sugarloaf Region Charitable Trust (EIN: 10393339) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Sugarloaf Region Charitable Trust spend its money?
Sugarloaf Region Charitable Trust directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sugarloaf Region Charitable Trust tax-deductible?
Sugarloaf Region Charitable Trust is registered as a tax-exempt nonprofit (EIN: 10393339). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sugarloaf Region Charitable Trust CEO make?
Sugarloaf Region Charitable Trust's highest-compensated officer earns $35,124 annually. The organization reported $35K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sugarloaf Region Charitable Trust's spending goes to programs?
Sugarloaf Region Charitable Trust directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sugarloaf Region Charitable Trust located?
Sugarloaf Region Charitable Trust is headquartered in Carabaset Vly, Maine and files with the IRS under EIN 10393339.
How many years of IRS 990 filings does Sugarloaf Region Charitable Trust have?
Sugarloaf Region Charitable Trust has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $35K in total revenue.
Is Sugarloaf Region Charitable Trust a good charity?
The organization shows potential as a good charity, particularly due to its 0% officer compensation, suggesting a strong volunteer ethos. However, the recent deficit spending in 202403 ($46,175 expenses vs. $36,393 revenue) warrants closer examination of its financial sustainability.
How has the organization's financial health changed over the past two years?
The organization's financial health has fluctuated. It had a strong surplus in 202303 (revenue $81,647, expenses $28,865) but experienced a deficit in 202403 (revenue $36,393, expenses $46,175), leading to a decrease in assets from $94,851 to $85,067.
What is the significance of 0% officer compensation?
0% officer compensation is a significant positive indicator, suggesting that the organization's leadership is likely volunteer-based and that all funds are directed towards its mission and operational costs rather than executive salaries. This is particularly impactful for a smaller charity.
Filing History
IRS 990 filing history for Sugarloaf Region Charitable Trust showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2024), Sugarloaf Region Charitable Trust's revenue has declined by 55.4%, moving from $82K to $36K. Total assets decreased by 10.3% over the same period, from $95K to $85K. Total functional expenses rose by 60%, from $29K to $46K. In its most recent filing year (2024), Sugarloaf Region Charitable Trust reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $36K | $46K | $85K | $0 | — | — |
| 2023 | $82K | $29K | $95K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sugarloaf Region Charitable Trust:
Data Sources and Methodology
This transparency report for Sugarloaf Region Charitable Trust 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.