Is Atlantic Salmon For Northern Maine Inc…

Quick charity verification for Atlantic Salmon For Northern Maine Inc (EIN: 10389678)

Strengths

Consistent 0% officer compensation across all filings, indicating high efficiency and dedication of resources to mission.
Maintains positive net assets and has shown asset growth from $87,765 in 2014 to $164,297 in 2023.
Consistently reports zero liabilities, demonstrating strong financial management and no debt burden.
Long history of IRS 990 filings (13 filings), indicating transparency and compliance.

Spending Breakdown

How Atlantic Salmon For Northern Maine Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Atlantic Salmon For Northern Maine Inc

Is Atlantic Salmon For Northern Maine Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Atlantic Salmon For Northern Maine Inc (EIN: 10389678) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Atlantic Salmon For Northern Maine Inc a good charity to donate to?

Atlantic Salmon For Northern Maine Inc has a Mission Score of 85/100. Revenue: $55K. Assets: $191K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Atlantic Salmon For Northern Maine Inc?

The Employer Identification Number (EIN) for Atlantic Salmon For Northern Maine Inc is 10389678. 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 Atlantic Salmon For Northern Maine Inc spend its money?

Atlantic Salmon For Northern Maine Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Atlantic Salmon For Northern Maine Inc's tax-exempt status?

You can verify Atlantic Salmon For Northern Maine Inc's tax-exempt status using EIN 10389678 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

Atlantic Salmon For Northern Maine Inc demonstrates consistent financial stability, maintaining positive net assets over the past decade, growing from $87,765 in 2014 to $164,297 in 2023. The organization's revenue has fluctuated, with a high of $81,472 in 2017 and a low of $10,163 in 2021, indicating reliance on variable funding sources. Despite these fluctuations, expenses have generally been managed within revenue, with only a few years showing deficits, such as 2022 where expenses of $52,247 exceeded revenue of $44,495.

The organization appears to be highly efficient in its spending, as evidenced by the consistent 0% officer compensation reported across all available filings. This suggests that resources are primarily directed towards program activities rather than administrative overhead related to executive salaries. The absence of liabilities in all reported periods further strengthens its financial health and indicates responsible fiscal management. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency is limited, though the lack of officer compensation is a strong positive indicator.

Transparency is generally good given the consistent filing of IRS Form 990s. The consistent reporting of zero liabilities and zero officer compensation across all periods is a positive sign of clear financial practices. However, the lack of NTEE code information and detailed expense breakdowns in the provided data slightly hinders a complete transparency assessment. Overall, the organization exhibits sound financial management and a commitment to its mission, as suggested by its asset growth and minimal overhead.

Is Atlantic Salmon For Northern Maine Inc Legit?

Verdict: Atlantic Salmon For Northern Maine Inc appears trustworthy

Red Flags