Quick charity verification for Bangor Convention And Visitors Bureau (EIN: 10478486)
Verdict: Bangor Convention And Visitors Bureau appears trustworthy
85/100Mission Score
$179KRevenue
$154KAssets
1Red Flags
3Strengths
Red Flags
Liabilities still exceed assets in the most recent filing ($132,910 liabilities vs. $145,938 assets in 202106, though this is an improvement from prior years where the gap was larger and negative net assets were common).
Strengths
Consistent 0% officer compensation, indicating efficient use of funds and strong donor trust.
Significant increase in assets from $24,710 in 202006 to $145,938 in 202106, demonstrating improved financial health.
Positive revenue-to-expense ratio in recent periods (e.g., $202,953 revenue vs. $151,004 expenses in 202106), leading to a surplus.
Spending Breakdown
How Bangor Convention And Visitors Bureau 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 Convention And Visitors Bureau
Is Bangor Convention And Visitors Bureau a legitimate charity?
Based on AI analysis of IRS 990 filings, Bangor Convention And Visitors Bureau (EIN: 10478486) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Bangor Convention And Visitors Bureau a good charity to donate to?
Bangor Convention And Visitors Bureau has a Mission Score of 85/100. Revenue: $179K. Assets: $154K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bangor Convention And Visitors Bureau?
The Employer Identification Number (EIN) for Bangor Convention And Visitors Bureau is 10478486. 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 Convention And Visitors Bureau spend its money?
Bangor Convention And Visitors Bureau allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bangor Convention And Visitors Bureau's tax-exempt status?
You can verify Bangor Convention And Visitors Bureau's tax-exempt status using EIN 10478486 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 Bangor Convention And Visitors Bureau demonstrates a generally stable financial position, with recent filings showing positive net assets. In the 202106 period, the organization reported revenue of $202,953 against expenses of $151,004, resulting in a surplus that contributed to an increase in assets to $145,938. This marks a significant improvement from previous years where liabilities often exceeded assets, such as in 201706 when assets were $5,804 against liabilities of $126,525. The organization consistently reports 0% officer compensation, which is a positive indicator for donor confidence regarding executive pay.
While specific program spending ratios are not detailed in the provided summary, the overall financial trend suggests prudent management in recent years. The organization's revenue has fluctuated, with a high of $293,020 in 201606 and a low of $183,945 in 201206, but expenses have generally been managed to maintain solvency. The substantial increase in assets from $24,710 in 202006 to $145,938 in 202106, coupled with a reduction in liabilities from $63,631 to $132,910 (though liabilities still exceed assets in 202106), indicates a concerted effort towards financial strengthening.
Transparency is enhanced by the consistent filing of IRS Form 990s, providing a clear historical record of financial activity. The absence of officer compensation is a strong point for transparency and efficient use of funds. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a complete assessment of spending efficiency is challenging. The organization's ability to generate a surplus in recent years, as seen in 202106, suggests effective financial operations.