The Coastal Childrens Museum
Coastal Childrens Museum shows strong financial recovery and asset growth in recent years.
EIN: 10409240 · Rockland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $115K |
| Total Expenses | $86K |
| Program Spending | 85% |
| Net Assets | $203K |
| Transparency Score | 85/100 |
Is The Coastal Childrens Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Coastal Childrens Museum directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Coastal Childrens Museum
The Coastal Childrens Museum (EIN: 10409240) is a nonprofit organization based in Rockland, ME. The organization reported total revenue of $115K and total assets of $259K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Coastal Childrens Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Coastal Childrens Museum is a small nonprofit that has been operating for 38 years, with 8 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $143K |
| Total Expenses | $86K |
| Surplus / Deficit | +$56K |
| Total Assets | $254K |
| Total Liabilities | $51K |
| Net Assets | $203K |
| Operating Margin | 39.5% |
| Debt-to-Asset Ratio | 20.2% |
| Months of Reserves | 35.3 months |
Financial Health Grade: A
In 2023, The Coastal Childrens Museum reported a surplus of $56K with revenue exceeding expenses, holds 35.3 months of operating reserves (strong position), has a debt-to-asset ratio of 20.2% (moderate leverage).
Financial Trends
Over 8 years of filings (2015–2023), The Coastal Childrens Museum's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +83.8% | -27.2% | +87.5% |
| 2022 | -20.8% | +46.9% | -5.0% |
| 2020 | +3.2% | +16.9% | +15.2% |
| 2019 | +4.2% | -27.1% | +28.0% |
| 2018 | -10.2% | +7.2% | +236.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Coastal Childrens Museum 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: 85%
- fundraising: 5%
According to IRS 990 filings, The Coastal Childrens Museum allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $56K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is likely volunteer-based or compensated through non-officer channels, 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 The Coastal Childrens Museum's IRS 990 filings:
- Significant expense exceeding revenue in 202203 ($118,442 expenses vs $77,639 revenue), though this has since been corrected.
Strengths
The following positive indicators were identified for The Coastal Childrens Museum:
- Consistent growth in assets, from $15,450 in 201603 to $253,974 in 202303.
- Strong financial surplus in the latest reporting period (202303), with revenue significantly exceeding expenses.
- No reported officer compensation across all filings, indicating efficient use of funds for mission-related activities.
- Consistent IRS 990 filing history, demonstrating good transparency.
Frequently Asked Questions about The Coastal Childrens Museum
Is The Coastal Childrens Museum a legitimate charity?
The Coastal Childrens Museum (EIN: 10409240) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $115K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does The Coastal Childrens Museum spend its money?
The Coastal Childrens Museum directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Coastal Childrens Museum tax-deductible?
The Coastal Childrens Museum is registered as a tax-exempt nonprofit (EIN: 10409240). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Coastal Childrens Museum's spending goes to programs?
The Coastal Childrens Museum directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Coastal Childrens Museum located?
The Coastal Childrens Museum is headquartered in Rockland, Maine and files with the IRS under EIN 10409240.
How many years of IRS 990 filings does The Coastal Childrens Museum have?
The Coastal Childrens Museum has 8 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 $115K in total revenue.
Is The Coastal Childrens Museum financially stable?
Yes, the museum appears financially stable, especially given its recent surplus of $56,425 in 202303 (Revenue $142,691 - Expenses $86,266) and a substantial increase in assets to $253,974.
How has the museum's financial health changed over time?
The museum has shown significant growth and improved financial health. Assets have grown from $15,450 in 201603 to $253,974 in 202303, and revenue has generally trended upwards, recovering well from a deficit in 202203.
Does the organization pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation, suggesting that officers are not paid or are compensated in ways not classified as officer compensation.
Filing History
IRS 990 filing history for The Coastal Childrens Museum showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2015–2023), The Coastal Childrens Museum's revenue has grown by 166.8%, moving from $53K to $143K. Total assets increased by 901.9% over the same period, from $25K to $254K. Total functional expenses rose by 54.1%, from $56K to $86K. In its most recent filing year (2023), The Coastal Childrens Museum reported a surplus of $56K, with revenue exceeding expenses. The organization holds $51K in liabilities against $254K in assets (debt-to-asset ratio: 20.2%), resulting in net assets of $203K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $143K | $86K | $254K | $51K | — | View 990 |
| 2022 | $78K | $118K | $135K | $-480 | — | View 990 |
| 2020 | $98K | $81K | $143K | $3K | — | View 990 |
| 2019 | $95K | $69K | $124K | $2K | — | View 990 |
| 2018 | $91K | $95K | $97K | $1K | — | View 990 |
| 2017 | $101K | $88K | $29K | $2 | — | View 990 |
| 2016 | $70K | $79K | $15K | $593 | — | View 990 |
| 2015 | $53K | $56K | $25K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $143K, expenses of $86K, and assets of $254K (revenue +83.8% year-over-year).
- 2022: Revenue of $78K, expenses of $118K, and assets of $135K (revenue -20.8% year-over-year).
- 2020: Revenue of $98K, expenses of $81K, and assets of $143K (revenue +3.2% year-over-year).
- 2019: Revenue of $95K, expenses of $69K, and assets of $124K (revenue +4.2% year-over-year).
- 2018: Revenue of $91K, expenses of $95K, and assets of $97K (revenue -10.2% year-over-year).
- 2017: Revenue of $101K, expenses of $88K, and assets of $29K (revenue +45.6% year-over-year).
- 2016: Revenue of $70K, expenses of $79K, and assets of $15K (revenue +30.2% year-over-year).
- 2015: Revenue of $53K, expenses of $56K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Coastal Childrens Museum:
Data Sources and Methodology
This transparency report for The Coastal Childrens Museum 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.