Quick charity verification for Associated General Contractors Of Maine (EIN: 10275734)
Verdict: Associated General Contractors Of Maine appears trustworthy
85/100Mission Score
$1.9MRevenue
$1.3MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is atypical for an organization of this size and could indicate a lack of transparency in compensation reporting or an unusual operational structure.
Strengths
Strong and consistent revenue growth, with revenue nearly doubling from 2022 to 2023 ($1,030,438 to $1,864,110).
Healthy asset accumulation, with assets growing from $998,540 in 2022 to $1,435,427 in 2023, indicating financial stability.
Consistent operational surpluses, as expenses generally remain below revenue, allowing for reinvestment and asset growth.
Low liabilities relative to assets, with liabilities of $643,692 against assets of $1,435,427 in 2023, suggesting good financial health.
Spending Breakdown
How Associated General Contractors Of Maine allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Associated General Contractors Of Maine
Is Associated General Contractors Of Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, Associated General Contractors Of Maine (EIN: 10275734) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Associated General Contractors Of Maine a good charity to donate to?
Associated General Contractors Of Maine has a Mission Score of 85/100. Revenue: $1.9M. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Associated General Contractors Of Maine?
The Employer Identification Number (EIN) for Associated General Contractors Of Maine is 10275734. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Associated General Contractors Of Maine spend its money?
Associated General Contractors Of Maine allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Associated General Contractors Of Maine's tax-exempt status?
You can verify Associated General Contractors Of Maine's tax-exempt status using EIN 10275734 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Associated General Contractors Of Maine demonstrates a strong and improving financial position. Over the past five years, the organization has shown consistent revenue growth, culminating in $1,864,110 in revenue for the 2023 fiscal period, a significant increase from $809,143 in 2019. This growth has been accompanied by a healthy accumulation of assets, reaching $1,435,427 in 2023, indicating good financial management and capacity building. The organization consistently operates with a surplus, as evidenced by 2023 expenses of $1,728,244 against $1,864,110 in revenue, contributing to its asset growth.
The organization's spending efficiency appears sound, with expenses generally tracking below revenue, allowing for asset accumulation. The absence of reported officer compensation across all available filings suggests a lean operational structure or that compensation is categorized differently, which could be a point for further inquiry regarding transparency. Overall, the financial trends indicate a well-managed and financially stable entity, capable of sustaining its operations and potentially expanding its programmatic reach.