The Challenger Learnng Center Of Maine
Challenger Learning Center Of Maine consistently operates with tight margins, showing no reported officer compensation.
EIN: 10542376 · Bangor, ME · NTEE: B28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $386K |
| Program Spending | 90% |
| Net Assets | $748K |
| Transparency Score | 85/100 |
Is The Challenger Learnng Center Of Maine Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Challenger Learnng Center Of Maine directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Challenger Learnng Center Of Maine
The Challenger Learnng Center Of Maine (EIN: 10542376) is a nonprofit organization based in Bangor, ME, classified under NTEE code B28. The organization reported total revenue of $3.0M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Challenger Learnng Center Of Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Challenger Learnng Center Of Maine is a mid-size nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $333K |
| Total Expenses | $386K |
| Surplus / Deficit | $-53,339 |
| Total Assets | $1.1M |
| Total Liabilities | $381K |
| Net Assets | $748K |
| Operating Margin | -16.0% |
| Debt-to-Asset Ratio | 33.8% |
| Months of Reserves | 35.1 months |
Financial Health Grade: B
In 2024, The Challenger Learnng Center Of Maine reported a deficit of $53K with expenses exceeding revenue, holds 35.1 months of operating reserves (strong position), has a debt-to-asset ratio of 33.8% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), The Challenger Learnng Center Of Maine's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.2% | +10.9% | -6.8% |
| 2023 | +1.6% | -1.9% | -7.4% |
| 2022 | +19.2% | +8.1% | -9.7% |
| 2021 | -50.3% | -11.6% | +4.0% |
| 2020 | +24.9% | -2.1% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 The Challenger Learnng Center Of Maine 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, The Challenger Learnng Center Of Maine allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $53K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.8%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and suggests either a fully volunteer-led executive team or compensation is structured in a way not reported in this section.
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 The Challenger Learnng Center Of Maine's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 202406, 202306, 202206) where expenses exceeded revenue.
- Unusual absence of any reported officer compensation, which might indicate an alternative compensation structure or reliance on unpaid leadership that could pose sustainability risks.
Strengths
The following positive indicators were identified for The Challenger Learnng Center Of Maine:
- Strong program focus implied by 0% officer compensation, suggesting resources are directed to mission.
- Consistent filing history over 14 periods demonstrates good transparency and compliance.
- Stable asset base (around $1.1M - $1.4M in recent years) provides financial resilience.
- Long-standing operation since at least 2015 (first filing provided) indicates organizational stability.
Frequently Asked Questions about The Challenger Learnng Center Of Maine
Is The Challenger Learnng Center Of Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, The Challenger Learnng Center Of Maine (EIN: 10542376) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does The Challenger Learnng Center Of Maine spend its money?
The Challenger Learnng Center Of Maine directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Challenger Learnng Center Of Maine tax-deductible?
The Challenger Learnng Center Of Maine is registered as a tax-exempt nonprofit (EIN: 10542376). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Challenger Learnng Center Of Maine's spending goes to programs?
The Challenger Learnng Center Of Maine directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Challenger Learnng Center Of Maine compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Challenger Learnng Center Of Maine is above average for NTEE category B28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Challenger Learnng Center Of Maine located?
The Challenger Learnng Center Of Maine is headquartered in Bangor, Maine and files with the IRS under EIN 10542376. It is classified under NTEE code B28.
How many years of IRS 990 filings does The Challenger Learnng Center Of Maine have?
The Challenger Learnng Center Of Maine has 14 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 $3.0M in total revenue.
Is The Challenger Learning Center Of Maine a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its consistent operation, stable asset base, and the notable absence of reported officer compensation, suggesting a high dedication of resources to its mission.
How does The Challenger Learning Center Of Maine manage its executive leadership without reported compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean that executive leadership roles are filled by volunteers, or that compensation is provided through a related entity or mechanism not directly reported as officer compensation on the 990 form. Further investigation into their operational structure would be needed to fully understand this.
What is the trend in the organization's financial stability?
The organization has shown slight operational deficits in recent years (e.g., 202406, 202306, 202206), where expenses exceeded revenue. However, its assets have remained relatively stable, indicating a capacity to absorb these shortfalls, though long-term sustainability would benefit from consistent revenue generation exceeding expenses.
Filing History
IRS 990 filing history for The Challenger Learnng Center Of Maine showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), The Challenger Learnng Center Of Maine's revenue has grown by 10.3%, moving from $302K to $333K. Total assets decreased by 37.3% over the same period, from $1.8M to $1.1M. Total functional expenses fell by 14.6%, from $453K to $386K. In its most recent filing year (2024), The Challenger Learnng Center Of Maine reported a deficit of $53K, with expenses exceeding revenue. The organization holds $381K in liabilities against $1.1M in assets (debt-to-asset ratio: 33.8%), resulting in net assets of $748K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $333K | $386K | $1.1M | $381K | — | — |
| 2023 | $297K | $348K | $1.2M | $415K | — | View 990 |
| 2022 | $292K | $355K | $1.3M | $468K | — | View 990 |
| 2021 | $245K | $328K | $1.4M | $541K | — | View 990 |
| 2020 | $493K | $372K | $1.4M | $415K | — | View 990 |
| 2019 | $395K | $380K | $1.4M | $563K | — | View 990 |
| 2018 | $370K | $368K | $1.3M | $455K | — | View 990 |
| 2017 | $343K | $356K | $1.3M | $481K | — | View 990 |
| 2016 | $302K | $332K | $1.3M | $498K | — | View 990 |
| 2015 | $280K | $288K | $1.4M | $534K | — | View 990 |
| 2014 | $250K | $329K | $1.4M | $575K | — | View 990 |
| 2013 | $197K | $351K | $1.5M | $595K | — | View 990 |
| 2012 | $229K | $383K | $1.7M | $574K | — | View 990 |
| 2011 | $302K | $453K | $1.8M | $559K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $333K, expenses of $386K, and assets of $1.1M (revenue +12.2% year-over-year).
- 2023: Revenue of $297K, expenses of $348K, and assets of $1.2M (revenue +1.6% year-over-year).
- 2022: Revenue of $292K, expenses of $355K, and assets of $1.3M (revenue +19.2% year-over-year).
- 2021: Revenue of $245K, expenses of $328K, and assets of $1.4M (revenue -50.3% year-over-year).
- 2020: Revenue of $493K, expenses of $372K, and assets of $1.4M (revenue +24.9% year-over-year).
- 2019: Revenue of $395K, expenses of $380K, and assets of $1.4M (revenue +6.6% year-over-year).
- 2018: Revenue of $370K, expenses of $368K, and assets of $1.3M (revenue +7.7% year-over-year).
- 2017: Revenue of $343K, expenses of $356K, and assets of $1.3M (revenue +13.6% year-over-year).
- 2016: Revenue of $302K, expenses of $332K, and assets of $1.3M (revenue +8.1% year-over-year).
- 2015: Revenue of $280K, expenses of $288K, and assets of $1.4M (revenue +11.9% year-over-year).
- 2014: Revenue of $250K, expenses of $329K, and assets of $1.4M (revenue +27.1% year-over-year).
- 2013: Revenue of $197K, expenses of $351K, and assets of $1.5M (revenue -14.0% year-over-year).
- 2012: Revenue of $229K, expenses of $383K, and assets of $1.7M (revenue -24.3% year-over-year).
- 2011: Revenue of $302K, expenses of $453K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Challenger Learnng Center Of Maine:
Data Sources and Methodology
This transparency report for The Challenger Learnng Center Of Maine 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.