Educare Central Maine
Only null% goes to programs Strong reserves Declining revenue
Educare Central Maine is a 501(c)(3) organization based in Waterville, Maine, registered in 2009, with $296,987 in FY2023 revenue. CharityIndex grades it D.
101 Water St, Waterville, ME, 04901 EIN 26-4176872 Since 2009
Revenue (FY2023)
$297K
▼ 78.4% vs prior year
Education median: $200K
Expenses (FY2023)
$519K
Net assets
$9.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Educare Central Maine— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating230 mo reserves · -75% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Educare Central Maine: 230 mo reserves · -75% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Educare Central Maine— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Educare Central Maine: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 101 Water St, Waterville, ME, 04901
- City
- Waterville
- State
- Maine
- Category
- Education
- Subcategory
- Educational Services
- Website
- …
Financial trends
Revenue grew from $202K (FY2014) to $297K (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $59KNet assets $9.9M
Operating margin
-74.8%
Spent more than it raised in the latest fiscal year.
Total assets
$10.0M
Total liabilities
$59K
Net assets
$9.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $296,987▼78.4% | $519,033▼4.5% | $9,939,107▲0.8% | $9,998,207▲0.4% | 990 |
| 2022 | $1,375,014▲236% | $543,754▲3.3% | $9,860,728▲9.3% | $9,957,884▲10.0% | 990 |
| 2021 | $409,236▲1.3% | $526,616▲7.7% | $9,024,765▼4.7% | $9,050,689▼4.5% | 990 |
| 2020 | $403,943▲117% | $489,005▲30.7% | $9,469,825▲1.9% | $9,472,369▲0.1% | 990 |
| 2019 | $186,271▼82.5% | $374,116▼28.1% | $9,289,552▼2.3% | $9,461,876▼1.0% | 990 |
| 2018 | $1,064,934▲164% | $520,384▲0.9% | $9,511,721▲6.1% | $9,561,225▲5.4% | 990 |
| 2017 | $403,946▲187% | $515,646▲38.9% | $8,967,171▼1.2% | $9,074,047▼47.8% | 990 |
| 2016 | $140,553▼5.3% | $371,196▼15.6% | $9,078,871▼2.5% | $17,378,523▼2.1% | 990 |
| 2015 | $148,376▼26.6% | $439,938▼19.2% | $9,309,514▼3.0% | $17,749,076▼2.2% | 990 |
| 2014 | $202,025 | $544,469▲12.2% | $9,601,076▲6.9% | $18,150,318▲2.1% | 990 |
| 2012 | — | $485,389 | $8,981,032 | $17,778,995 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $450K total
18 grants to Educare Central Maine totaling $450K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Philanthropic Tr | Human services | 2023 | $10,000 |
| American Endowment Foundation | Human service | 2022 | $50,000 |
| Donor Advised Charitable Giving | Education | 2021 | $154,250 |
| American Endowment Foundation | General operating support | 2021 | $100,000 |
| Boston Foundation Inc | Operating support/annual fund | 2021 | $20,000 |
| Share Our Strength | Childhood hunger programs | 2021 | $10,000 |
| Share Our Strength | Childhood hunger programs | 2021 | $10,000 |
| Raymond James Charitable Endowment Fund | General support | 2021 | $5,250 |
| National Philanthropic Tr | Education | 2020 | $10,000 |
| Raymond James Charitable Endowment Fund | General use and/or special fund/project | 2020 | $7,500 |
| Raymond James Charitable Endowment Fund | General use and/or special fund/project | 2020 | $7,500 |
| National Philanthropic Tr | Education | 2019 | $10,000 |
| National Philanthropic Tr | Education | 2018 | $10,000 |
| Maine Community Foundation Inc | Education | 2018 | $5,125 |
| National Philanthropic Tr | Public, societal benefit | 2017 | $10,000 |
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Compare Educare Central Maine
Frequently asked questions
- Is Educare Central Maine a legitimate nonprofit?
- Yes. Educare Central Maine is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-4176872, based in Waterville, Maine. Donations are tax-deductible.
- What is Educare Central Maine's EIN?
- Educare Central Maine's Employer Identification Number (EIN) is 26-4176872.
- How much revenue does Educare Central Maine report?
- Educare Central Maine reported $296,987 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Educare Central Maine have?
- CharityIndex grades Educare Central Maine D, based on financial health (reserves and operating margin).
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Data for Educare Central Maine (EIN 26-4176872) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.