Waldo Community Action Partners
Waldo Community Action Partners shows strong financial growth and no reported officer compensation across all filings.
EIN: 16020566 · Belfast, ME · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.5M |
| Total Expenses | $18.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $13.9M |
| Transparency Score | 90/100 |
Is Waldo Community Action Partners Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waldo Community Action Partners directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waldo Community Action Partners
Waldo Community Action Partners (EIN: 16020566) is a nonprofit organization based in Belfast, ME, classified under NTEE code P20. The organization reported total revenue of $20.5M and total assets of $15.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waldo Community Action Partners's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waldo Community Action Partners is a large nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.6M |
| Total Expenses | $18.9M |
| Surplus / Deficit | +$688K |
| Total Assets | $16.3M |
| Total Liabilities | $2.5M |
| Net Assets | $13.9M |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 15.0% |
| Months of Reserves | 10.3 months |
Financial Health Grade: A
In 2023, Waldo Community Action Partners reported a surplus of $688K with revenue exceeding expenses, holds 10.3 months of operating reserves (strong position), has a debt-to-asset ratio of 15.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Waldo Community Action Partners's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.2% | +8.9% | +4.8% |
| 2022 | -4.3% | +15.6% | +10.2% |
| 2021 | +24.8% | +28.5% | +61.3% |
| 2020 | +15.2% | -10.8% | +145.9% |
| 2019 | +9.2% | +6.0% | +27.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
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 Waldo Community Action Partners with a Mission Score of 90 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, Waldo Community Action Partners 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 $688K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.0%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for an organization of this size with over $20 million in revenue. This suggests either that executive compensation is extremely low, covered by other reporting categories, or that the organization relies heavily on volunteer leadership, which would be a significant strength in terms of 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 Waldo Community Action Partners's IRS 990 filings:
- Consistent 0% officer compensation reported across all filings for an organization of this size, which may indicate incomplete reporting or an unusual compensation structure that requires clarification.
Strengths
The following positive indicators were identified for Waldo Community Action Partners:
- Strong and consistent revenue growth, from $6.6M in 2014 to $19.6M in 2023.
- Significant asset growth, from $1.89M in 2014 to $16.3M in 2023, indicating robust financial health.
- Healthy operating surpluses in recent years (e.g., $688,094 in 202312).
- Low liabilities relative to assets, suggesting financial stability and low debt burden (e.g., $2.45M liabilities vs. $16.3M assets in 2023).
Frequently Asked Questions about Waldo Community Action Partners
Is Waldo Community Action Partners a legitimate charity?
Waldo Community Action Partners (EIN: 16020566) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $20.5M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Waldo Community Action Partners spend its money?
Waldo Community Action Partners directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Waldo Community Action Partners tax-deductible?
Waldo Community Action Partners is registered as a tax-exempt nonprofit (EIN: 16020566). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Waldo Community Action Partners CEO make?
Waldo Community Action Partners's highest-compensated officer earns $20 annually. The organization reported $20.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Waldo Community Action Partners's spending goes to programs?
Waldo Community Action Partners directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Waldo Community Action Partners compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Waldo Community Action Partners is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Waldo Community Action Partners located?
Waldo Community Action Partners is headquartered in Belfast, Maine and files with the IRS under EIN 16020566. It is classified under NTEE code P20.
How many years of IRS 990 filings does Waldo Community Action Partners have?
Waldo Community Action Partners has 13 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 $20.5M in total revenue.
Is Waldo Community Action Partners a good charity?
Based on its strong financial health, consistent growth, and high program spending efficiency, Waldo Community Action Partners appears to be a very good charity. Its assets have grown from $1.89M in 2014 to $16.3M in 2023, demonstrating excellent financial stewardship.
How does Waldo Community Action Partners manage its executive compensation?
All available IRS 990 filings for Waldo Community Action Partners report 0% officer compensation. This is highly unusual for an organization with over $20 million in annual revenue and warrants further inquiry to understand how leadership is compensated or if it operates with entirely volunteer executive leadership.
What is the trend in the organization's financial growth?
Waldo Community Action Partners has shown consistent and significant financial growth. Revenue increased from $6.6 million in 2014 to $19.6 million in 2023, and assets grew from $1.89 million to $16.3 million over the same period, indicating strong expansion and financial health.
How efficient is Waldo Community Action Partners in its spending?
The organization demonstrates high spending efficiency. For example, in 2023, expenses were $18,936,815 against revenue of $19,624,909, indicating a healthy operational surplus. The consistent growth in assets also suggests effective management of funds.
Filing History
IRS 990 filing history for Waldo Community Action Partners showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Waldo Community Action Partners's revenue has grown by 220.6%, moving from $6.1M to $19.6M. Total assets increased by 1061.2% over the same period, from $1.4M to $16.3M. Total functional expenses rose by 205.7%, from $6.2M to $18.9M. In its most recent filing year (2023), Waldo Community Action Partners reported a surplus of $688K, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $16.3M in assets (debt-to-asset ratio: 15.0%), resulting in net assets of $13.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.6M | $18.9M | $16.3M | $2.5M | — | — |
| 2022 | $19.0M | $17.4M | $15.6M | $2.4M | — | View 990 |
| 2021 | $19.9M | $15.0M | $14.1M | $2.6M | — | View 990 |
| 2020 | $15.9M | $11.7M | $8.8M | $2.1M | — | View 990 |
| 2019 | $13.8M | $13.1M | $3.6M | $1.1M | — | View 990 |
| 2018 | $12.7M | $12.4M | $2.8M | $1.0M | — | View 990 |
| 2017 | $11.8M | $11.5M | $2.8M | $1.3M | — | View 990 |
| 2016 | $10.8M | $10.5M | $2.4M | $1.2M | — | View 990 |
| 2015 | $10.1M | $10.0M | $2.1M | $1.1M | — | View 990 |
| 2014 | $6.6M | $6.8M | $1.9M | $1.0M | — | View 990 |
| 2013 | $4.8M | $4.7M | $1.4M | $520K | — | View 990 |
| 2012 | $5.8M | $5.8M | $1.2M | $366K | — | View 990 |
| 2011 | $6.1M | $6.2M | $1.4M | $604K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.6M, expenses of $18.9M, and assets of $16.3M (revenue +3.2% year-over-year).
- 2022: Revenue of $19.0M, expenses of $17.4M, and assets of $15.6M (revenue -4.3% year-over-year).
- 2021: Revenue of $19.9M, expenses of $15.0M, and assets of $14.1M (revenue +24.8% year-over-year).
- 2020: Revenue of $15.9M, expenses of $11.7M, and assets of $8.8M (revenue +15.2% year-over-year).
- 2019: Revenue of $13.8M, expenses of $13.1M, and assets of $3.6M (revenue +9.2% year-over-year).
- 2018: Revenue of $12.7M, expenses of $12.4M, and assets of $2.8M (revenue +7.7% year-over-year).
- 2017: Revenue of $11.8M, expenses of $11.5M, and assets of $2.8M (revenue +8.6% year-over-year).
- 2016: Revenue of $10.8M, expenses of $10.5M, and assets of $2.4M (revenue +7.6% year-over-year).
- 2015: Revenue of $10.1M, expenses of $10.0M, and assets of $2.1M (revenue +51.7% year-over-year).
- 2014: Revenue of $6.6M, expenses of $6.8M, and assets of $1.9M (revenue +37.1% year-over-year).
- 2013: Revenue of $4.8M, expenses of $4.7M, and assets of $1.4M (revenue -16.9% year-over-year).
- 2012: Revenue of $5.8M, expenses of $5.8M, and assets of $1.2M (revenue -4.9% year-over-year).
- 2011: Revenue of $6.1M, expenses of $6.2M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waldo Community Action Partners:
Data Sources and Methodology
This transparency report for Waldo Community Action Partners 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.