The Institute For Contemplative Education
Small contemplative education institute operates efficiently with no officer compensation.
EIN: 10461392 · Denmark, ME · NTEE: A99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $66K |
| Total Expenses | $60K |
| Program Spending | 85% |
| Net Assets | $35K |
| Transparency Score | 75/100 |
Is The Institute For Contemplative Education Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Institute For Contemplative Education directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Institute For Contemplative Education
The Institute For Contemplative Education (EIN: 10461392) is a nonprofit organization based in Denmark, ME, classified under NTEE code A99Z. The organization reported total revenue of $66K and total assets of $16K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Institute For Contemplative Education's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Institute For Contemplative Education is a micro nonprofit that has been operating for 34 years.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $90K |
| Total Expenses | $60K |
| Surplus / Deficit | +$30K |
| Total Assets | $35K |
| Net Assets | $35K |
| Operating Margin | 33.4% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2022, The Institute For Contemplative Education reported a surplus of $30K with revenue exceeding expenses, holds 6.9 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Institute For Contemplative Education 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Institute For Contemplative Education 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
Executive Compensation Analysis
Officer compensation was reported as 0% for the 2022 period, indicating that no salaries were paid to officers, which is common for very small or volunteer-led organizations.
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 Institute For Contemplative Education's IRS 990 filings:
- Limited financial history (only one filing available)
- Small asset base ($34,515 in 2022) may limit long-term stability or scalability
Strengths
The following positive indicators were identified for The Institute For Contemplative Education:
- Efficient spending with expenses of $59,985 against $90,000 revenue in 2022
- No reported officer compensation (0% in 2022)
- No liabilities reported in 2022, indicating a healthy balance sheet for its size
Frequently Asked Questions about The Institute For Contemplative Education
Is The Institute For Contemplative Education a legitimate charity?
Based on AI analysis of IRS 990 filings, The Institute For Contemplative Education (EIN: 10461392) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does The Institute For Contemplative Education spend its money?
The Institute For Contemplative Education directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Institute For Contemplative Education tax-deductible?
The Institute For Contemplative Education is registered as a tax-exempt nonprofit (EIN: 10461392). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Institute For Contemplative Education's spending goes to programs?
The Institute For Contemplative Education directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Institute For Contemplative Education compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Institute For Contemplative Education is above average for NTEE category A99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Institute For Contemplative Education located?
The Institute For Contemplative Education is headquartered in Denmark, Maine and files with the IRS under EIN 10461392. It is classified under NTEE code A99Z.
Is The Institute For Contemplative Education a good charity?
Based on the available 2022 data, the organization appears to be financially efficient, spending $59,985 out of $90,000 in revenue, and has no officer compensation. Its small size and limited filing history mean a full assessment of its long-term impact and program effectiveness is not yet possible, but initial financial indicators are positive.
What is the primary focus of The Institute For Contemplative Education's spending?
While specific program details are not provided in the summary, the organization's overall expenses of $59,985 against $90,000 in revenue suggest a significant portion is directed towards its mission, with no reported officer compensation, implying a strong program focus.
Filing History
IRS 990 filing history for The Institute For Contemplative Education showing financial trends over 1 year of public records:
In its most recent filing year (2022), The Institute For Contemplative Education reported a surplus of $30K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $90K | $60K | $35K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Institute For Contemplative Education:
Data Sources and Methodology
This transparency report for The Institute For Contemplative Education 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.