Waban Association For Retarded Citizens Inc
Waban Association maintains substantial assets with minimal expenses and no executive compensation.
EIN: 10280513 · Sanford, ME · NTEE: P820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $169K |
| Total Expenses | $11K |
| Program Spending | 85% |
| Net Assets | $1.6M |
| Transparency Score | 80/100 |
Is Waban Association For Retarded Citizens Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waban Association For Retarded Citizens Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waban Association For Retarded Citizens Inc
Waban Association For Retarded Citizens Inc (EIN: 10280513) is a nonprofit organization based in Sanford, ME, classified under NTEE code P820. The organization reported total revenue of $169K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waban Association For Retarded Citizens Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waban Association For Retarded Citizens Inc is a small nonprofit that has been operating for 58 years, with 10 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $147K |
| Total Expenses | $11K |
| Surplus / Deficit | +$136K |
| Total Assets | $1.6M |
| Total Liabilities | $825 |
| Net Assets | $1.6M |
| Operating Margin | 92.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 1689.9 months |
Financial Health Grade: A
In 2021, Waban Association For Retarded Citizens Inc reported a surplus of $136K with revenue exceeding expenses, holds 1689.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2021), Waban Association For Retarded Citizens Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +32.8% | -50.2% | +9.5% |
| 2020 | -15.1% | -74.5% | +2.4% |
| 2019 | +5.8% | +289.3% | +7.1% |
| 2018 | -6.1% | -95.7% | +7.9% |
| 2017 | +8.6% | +566.3% | -25.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
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 Waban Association For Retarded Citizens Inc with a Mission Score of 80 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, Waban Association For Retarded Citizens Inc 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $136K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all ten filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is highly favorable for minimizing overhead.
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 Waban Association For Retarded Citizens Inc's IRS 990 filings:
- Extremely low reported expenses relative to revenue and assets, raising questions about direct programmatic spending.
- Lack of detailed expense breakdown in provided data makes it difficult to assess specific program impact.
Strengths
The following positive indicators were identified for Waban Association For Retarded Citizens Inc:
- Strong financial stability with over $1.5 million in assets against minimal liabilities.
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Consistent revenue generation over the past decade, demonstrating sustainability.
- Significant asset base provides a strong foundation for long-term operations or grant-making.
Frequently Asked Questions about Waban Association For Retarded Citizens Inc
Is Waban Association For Retarded Citizens Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Waban Association For Retarded Citizens Inc (EIN: 10280513) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Waban Association For Retarded Citizens Inc spend its money?
Waban Association For Retarded Citizens Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waban Association For Retarded Citizens Inc tax-deductible?
Waban Association For Retarded Citizens Inc is registered as a tax-exempt nonprofit (EIN: 10280513). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Waban Association For Retarded Citizens Inc's spending goes to programs?
Waban Association For Retarded Citizens Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Waban Association For Retarded Citizens Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Waban Association For Retarded Citizens Inc is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Waban Association For Retarded Citizens Inc located?
Waban Association For Retarded Citizens Inc is headquartered in Sanford, Maine and files with the IRS under EIN 10280513. It is classified under NTEE code P820.
How many years of IRS 990 filings does Waban Association For Retarded Citizens Inc have?
Waban Association For Retarded Citizens Inc has 10 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 $169K in total revenue.
How does Waban Association For Retarded Citizens Inc utilize its substantial assets and revenue with such low reported expenses?
The organization consistently reports very low expenses (e.g., $11,235 in 2021) compared to its revenue (e.g., $147,485 in 2021) and assets ($1,582,131). This suggests it may primarily function as an endowment, a grant-making body, or has extremely lean operations, rather than a direct service provider with high operational costs. Further detail on program activities would clarify this.
What specific programs or services does the organization provide given its NTEE code and low expenses?
Given its NTEE code (P820 - Residential Care & Adult Day Programs for Persons with Developmental Disabilities) and consistently low reported expenses, it's unclear how extensive its direct service provision is. The financial data suggests a focus on asset management or indirect support rather than high-cost direct care.
Is the organization accumulating significant surpluses, and if so, what is the strategy for these funds?
Yes, the organization consistently generates significant surpluses (e.g., $136,250 in 2021 revenue minus expenses). These surpluses likely contribute to its growing asset base. The strategy for these accumulated funds, whether for future projects, endowment growth, or grant-making, would require further investigation beyond the provided data.
Filing History
IRS 990 filing history for Waban Association For Retarded Citizens Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2021), Waban Association For Retarded Citizens Inc's revenue has grown by 17.5%, moving from $126K to $147K. Total assets increased by 12.3% over the same period, from $1.4M to $1.6M. Total functional expenses fell by 78.2%, from $52K to $11K. In its most recent filing year (2021), Waban Association For Retarded Citizens Inc reported a surplus of $136K, with revenue exceeding expenses. The organization holds $825 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $147K | $11K | $1.6M | $825 | — | View 990 |
| 2020 | $111K | $23K | $1.4M | $0 | — | View 990 |
| 2019 | $131K | $88K | $1.4M | $55K | — | View 990 |
| 2018 | $124K | $23K | $1.3M | $4K | — | — |
| 2017 | $132K | $528K | $1.2M | $8K | — | View 990 |
| 2016 | $121K | $79K | $1.6M | $37K | — | View 990 |
| 2015 | $145K | $119K | $1.6M | $9K | — | View 990 |
| 2014 | $129K | $69K | $1.5M | $7K | — | View 990 |
| 2013 | $135K | $51K | $1.5M | $33K | — | View 990 |
| 2012 | $126K | $52K | $1.4M | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $147K, expenses of $11K, and assets of $1.6M (revenue +32.8% year-over-year).
- 2020: Revenue of $111K, expenses of $23K, and assets of $1.4M (revenue -15.1% year-over-year).
- 2019: Revenue of $131K, expenses of $88K, and assets of $1.4M (revenue +5.8% year-over-year).
- 2018: Revenue of $124K, expenses of $23K, and assets of $1.3M (revenue -6.1% year-over-year).
- 2017: Revenue of $132K, expenses of $528K, and assets of $1.2M (revenue +8.6% year-over-year).
- 2016: Revenue of $121K, expenses of $79K, and assets of $1.6M (revenue -16.7% year-over-year).
- 2015: Revenue of $145K, expenses of $119K, and assets of $1.6M (revenue +12.3% year-over-year).
- 2014: Revenue of $129K, expenses of $69K, and assets of $1.5M (revenue -4.0% year-over-year).
- 2013: Revenue of $135K, expenses of $51K, and assets of $1.5M (revenue +7.4% year-over-year).
- 2012: Revenue of $126K, expenses of $52K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waban Association For Retarded Citizens Inc:
Data Sources and Methodology
This transparency report for Waban Association For Retarded Citizens Inc 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.