Whitney Brookside Corporation
Whitney Brookside Corporation faces significant long-term solvency challenges due to liabilities consistently exceeding assets.
EIN: 10382451 · Canton, ME · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $282K |
| Total Expenses | $248K |
| Program Spending | 80% |
| Net Assets | $-598,126 |
| Transparency Score | 60/100 |
Is Whitney Brookside Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Whitney Brookside Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Whitney Brookside Corporation
Whitney Brookside Corporation (EIN: 10382451) is a nonprofit organization based in Canton, ME, classified under NTEE code L22. The organization reported total revenue of $282K and total assets of $268K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whitney Brookside Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Whitney Brookside Corporation is a small nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $268K |
| Total Expenses | $248K |
| Surplus / Deficit | +$20K |
| Total Assets | $258K |
| Total Liabilities | $856K |
| Net Assets | $-598,126 |
| Operating Margin | 7.6% |
| Debt-to-Asset Ratio | 331.8% |
| Months of Reserves | 12.5 months |
Financial Health Grade: A
In 2023, Whitney Brookside Corporation reported a surplus of $20K with revenue exceeding expenses, holds 12.5 months of operating reserves (strong position), has a debt-to-asset ratio of 331.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Whitney Brookside Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.7% | -10.9% | +5.3% |
| 2022 | +8.1% | +6.1% | -13.2% |
| 2021 | -4.7% | -5.4% | -9.7% |
| 2020 | +9.8% | +4.0% | -12.5% |
| 2019 | -5.1% | +36.6% | -25.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Whitney Brookside Corporation with a Mission Score of 60 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Whitney Brookside Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 331.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through other means not categorized as officer compensation, which is a positive sign 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 Whitney Brookside Corporation's IRS 990 filings:
- Liabilities consistently and significantly exceed assets (e.g., $856,204 liabilities vs. $258,078 assets in 2023), indicating potential long-term solvency issues.
- Declining asset base over the past decade, from $495,263 in 2014 to $258,078 in 2023, while liabilities remain high.
- Lack of detailed expense breakdown in available data makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for Whitney Brookside Corporation:
- Consistent revenue generation over the past decade, showing a slight upward trend.
- No officer compensation reported across all filings, suggesting efficient use of funds at the executive level.
- Consistent filing of IRS Form 990s, indicating good transparency in financial reporting.
Frequently Asked Questions about Whitney Brookside Corporation
Is Whitney Brookside Corporation a legitimate charity?
Whitney Brookside Corporation (EIN: 10382451) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $282K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Whitney Brookside Corporation spend its money?
Whitney Brookside Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Whitney Brookside Corporation tax-deductible?
Whitney Brookside Corporation is registered as a tax-exempt nonprofit (EIN: 10382451). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Whitney Brookside Corporation's spending goes to programs?
Whitney Brookside Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Whitney Brookside Corporation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Whitney Brookside Corporation is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Whitney Brookside Corporation located?
Whitney Brookside Corporation is headquartered in Canton, Maine and files with the IRS under EIN 10382451. It is classified under NTEE code L22.
How many years of IRS 990 filings does Whitney Brookside Corporation have?
Whitney Brookside Corporation 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 $282K in total revenue.
Is Whitney Brookside Corporation financially stable?
No, the organization shows significant financial instability. Its liabilities have consistently and substantially exceeded its assets for many years, reaching $856,204 in liabilities against $258,078 in assets in 2023. This indicates a precarious long-term financial position.
What is the nature of Whitney Brookside Corporation's high liabilities?
The IRS 990 data alone does not specify the nature of these liabilities. Given the NTEE code L22 (Housing Development, Construction & Management), these could potentially be related to mortgages, construction loans, or other long-term debt associated with housing projects. Further investigation into the organization's financial statements would be needed to understand the specifics.
How has Whitney Brookside Corporation's financial health changed over time?
While revenue has shown a modest upward trend from $219,717 in 2014 to $267,977 in 2023, the organization's assets have generally declined from $495,263 in 2014 to $258,078 in 2023, and liabilities have remained consistently high, albeit showing a slight decrease from over $1 million in 2014 to $856,204 in 2023. The fundamental imbalance of liabilities far exceeding assets has persisted.
Filing History
IRS 990 filing history for Whitney Brookside Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Whitney Brookside Corporation's revenue has grown by 41.8%, moving from $189K to $268K. Total assets decreased by 51.3% over the same period, from $530K to $258K. Total functional expenses rose by 22.3%, from $202K to $248K. In its most recent filing year (2023), Whitney Brookside Corporation reported a surplus of $20K, with revenue exceeding expenses. The organization holds $856K in liabilities against $258K in assets (debt-to-asset ratio: 331.8%), resulting in net assets of $-598,126.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $268K | $248K | $258K | $856K | — | — |
| 2022 | $264K | $278K | $245K | $864K | — | View 990 |
| 2021 | $244K | $262K | $282K | $886K | — | View 990 |
| 2020 | $256K | $277K | $313K | $899K | — | View 990 |
| 2019 | $233K | $266K | $357K | $923K | — | View 990 |
| 2018 | $246K | $195K | $482K | $934K | — | View 990 |
| 2017 | $242K | $208K | $514K | $970K | — | View 990 |
| 2016 | $232K | $212K | $487K | $978K | — | View 990 |
| 2015 | $225K | $212K | $484K | $994K | — | View 990 |
| 2014 | $220K | $221K | $495K | $1.0M | — | View 990 |
| 2013 | $209K | $206K | $503K | $1.0M | — | View 990 |
| 2012 | $194K | $207K | $506K | $1.0M | — | View 990 |
| 2011 | $189K | $202K | $530K | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $268K, expenses of $248K, and assets of $258K (revenue +1.7% year-over-year).
- 2022: Revenue of $264K, expenses of $278K, and assets of $245K (revenue +8.1% year-over-year).
- 2021: Revenue of $244K, expenses of $262K, and assets of $282K (revenue -4.7% year-over-year).
- 2020: Revenue of $256K, expenses of $277K, and assets of $313K (revenue +9.8% year-over-year).
- 2019: Revenue of $233K, expenses of $266K, and assets of $357K (revenue -5.1% year-over-year).
- 2018: Revenue of $246K, expenses of $195K, and assets of $482K (revenue +1.5% year-over-year).
- 2017: Revenue of $242K, expenses of $208K, and assets of $514K (revenue +4.5% year-over-year).
- 2016: Revenue of $232K, expenses of $212K, and assets of $487K (revenue +3.1% year-over-year).
- 2015: Revenue of $225K, expenses of $212K, and assets of $484K (revenue +2.2% year-over-year).
- 2014: Revenue of $220K, expenses of $221K, and assets of $495K (revenue +5.1% year-over-year).
- 2013: Revenue of $209K, expenses of $206K, and assets of $503K (revenue +7.7% year-over-year).
- 2012: Revenue of $194K, expenses of $207K, and assets of $506K (revenue +2.7% year-over-year).
- 2011: Revenue of $189K, expenses of $202K, and assets of $530K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Whitney Brookside Corporation:
Data Sources and Methodology
This transparency report for Whitney Brookside Corporation 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.