Is Bangor Airport Civic Development Corporation Banair Legit?
Quick charity verification for Bangor Airport Civic Development Corporation Banair (EIN: 10370020)
Verdict: Bangor Airport Civic Development Corporation Banair appears trustworthy
85/100Mission Score
$143KRevenue
$999KAssets
2Red Flags
5Strengths
Red Flags
NTEE Code is unknown, limiting clear understanding of mission focus
Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
Consistent financial stability with assets near $1 million
0% reported officer compensation, indicating high efficiency in leadership costs
Low and decreasing liabilities, demonstrating strong financial health (e.g., $2,329 in 2023)
Consistent filing history, indicating transparency and compliance
Expenses generally align with revenues, showing balanced operations
Spending Breakdown
How Bangor Airport Civic Development Corporation Banair 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 Bangor Airport Civic Development Corporation Banair
Is Bangor Airport Civic Development Corporation Banair a legitimate charity?
Based on AI analysis of IRS 990 filings, Bangor Airport Civic Development Corporation Banair (EIN: 10370020) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Bangor Airport Civic Development Corporation Banair a good charity to donate to?
Bangor Airport Civic Development Corporation Banair has a Mission Score of 85/100. Revenue: $143K. Assets: $999K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bangor Airport Civic Development Corporation Banair?
The Employer Identification Number (EIN) for Bangor Airport Civic Development Corporation Banair is 10370020. 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 Bangor Airport Civic Development Corporation Banair spend its money?
Bangor Airport Civic Development Corporation Banair allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bangor Airport Civic Development Corporation Banair's tax-exempt status?
You can verify Bangor Airport Civic Development Corporation Banair's tax-exempt status using EIN 10370020 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
Bangor Airport Civic Development Corporation Banair (Banair) demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past several years, indicating a stable operational model. For instance, in 2023, revenue was $117,684 against expenses of $117,192, showing a near break-even operation. The organization maintains a healthy asset base, consistently around $1 million, with $998,659 in latest reported assets, which provides a solid financial foundation relative to its annual operating budget. Liabilities have fluctuated but remain manageable, such as $2,329 in 2023, which is very low compared to assets.
Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can contribute to lower administrative overhead. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The organization's consistent filing history and the absence of officer compensation indicate a commitment to transparency regarding its financial structure.
Overall, Banair appears to be a financially stable organization with a conservative spending approach, particularly concerning executive compensation. Its consistent asset base and relatively low liabilities suggest prudent financial management. Further transparency regarding the specific allocation of expenses (program vs. administrative vs. fundraising) would enhance the ability to fully assess its spending efficiency and program impact.