Is Associated General Contractors Of Maine Education Foundation Legit?
Quick charity verification for Associated General Contractors Of Maine Education Foundation (EIN: 10445998)
Verdict: Associated General Contractors Of Maine Education Foundation appears trustworthy
75/100Mission Score
$90KRevenue
$1.4MAssets
3Red Flags
3Strengths
Red Flags
Highly volatile revenue streams, making financial planning unpredictable (e.g., $251,568 in 2022 vs. $21,371 in 2023).
Operating deficit in the most recent filing (202312), with expenses ($52,840) significantly exceeding revenue ($21,371).
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data makes efficiency assessment difficult.
Strengths
Consistent growth in assets over the past decade, reaching $1,410,344, indicating strong financial management of its reserves.
No reported officer compensation across all filings, suggesting a volunteer-driven leadership or very low administrative overhead.
Long filing history (12 filings) demonstrates consistent compliance and transparency with IRS reporting requirements.
Spending Breakdown
How Associated General Contractors Of Maine Education Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Education Foundation
Is Associated General Contractors Of Maine Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Associated General Contractors Of Maine Education Foundation (EIN: 10445998) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Associated General Contractors Of Maine Education Foundation a good charity to donate to?
Associated General Contractors Of Maine Education Foundation has a Mission Score of 75/100. Revenue: $90K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Associated General Contractors Of Maine Education Foundation?
The Employer Identification Number (EIN) for Associated General Contractors Of Maine Education Foundation is 10445998. 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 Education Foundation spend its money?
Associated General Contractors Of Maine Education Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Associated General Contractors Of Maine Education Foundation's tax-exempt status?
You can verify Associated General Contractors Of Maine Education Foundation's tax-exempt status using EIN 10445998 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
The Associated General Contractors Of Maine Education Foundation demonstrates a generally stable financial position, with assets consistently growing over the past decade, reaching $1,410,344. However, its revenue generation has been highly volatile, fluctuating significantly year-to-year, from a low of $2,333 in 2017 to a high of $281,146 in 2019 and $251,568 in 2022. This volatility makes consistent financial planning challenging. In the most recent filing (202312), the organization reported expenses of $52,840 against revenue of $21,371, indicating a deficit for that period, which is a concern if it becomes a trend.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent growth in assets suggests effective management of its endowment or investment portfolio. The absence of reported officer compensation across all filings indicates a volunteer-led or very lean operational structure, which can be a positive for donor confidence regarding administrative overhead. Transparency appears adequate given the public availability of its 990 filings.
Overall, while the foundation has a strong asset base and no reported executive compensation, the inconsistent revenue and occasional operating deficits warrant closer examination of its long-term sustainability and program impact. Donors should seek more detailed information on how expenses are allocated to understand the true program efficiency.