Quick charity verification for Androscoggin Lake Improvement Corp (EIN: 10483128)
Verdict: Androscoggin Lake Improvement Corp appears trustworthy
70/100Mission Score
$0Revenue
$0Assets
2Red Flags
3Strengths
Red Flags
Lack of recent financial filings (latest is 2011)
Zero reported revenue and assets in the 'latest' data provided, which contradicts the 2011 filing and suggests a potential data discrepancy or inactivity.
Strengths
100% program spending ratio in 201112, indicating high efficiency.
No officer compensation reported in 201112, suggesting volunteer leadership.
Zero liabilities reported in 201112, indicating a healthy balance sheet for that period.
AI Transparency Report
Androscoggin Lake Improvement Corp appears to be a very small, volunteer-run organization based on its financial filings. For the 201112 period, the organization reported $5,161 in revenue and $3,834 in expenses, with no officer compensation reported. This suggests a high degree of spending efficiency, as all funds were directed towards the organization's mission without significant overhead for salaries. The organization's assets of $25,668 with zero liabilities indicate a stable, albeit modest, financial position.
The lack of more recent financial data (the latest filing is from 2011) is a significant transparency concern. While the single available filing shows strong financial health and efficient spending for that period, the absence of current information makes it impossible to assess its present operational status or financial performance. Donors and stakeholders would benefit from more up-to-date disclosures to understand the organization's ongoing activities and financial stewardship.