Consistent operational deficits, with expenses frequently exceeding revenue (e.g., 2024: $525,491 revenue vs. $941,532 expenses; 2023: -$467,021 revenue vs. $921,017 expenses).
Negative revenue reported in 2023 (-$467,021), which is highly unusual and requires further investigation.
Unusually low or 0% reported officer compensation for an organization with over $22 million in assets, which may indicate incomplete reporting or an unusual operational model.
Strengths
Substantial asset base ($22,420,452 in 2024), providing a significant financial cushion.
Low reported liabilities ($375,589 in 2024) relative to assets, indicating good balance sheet health.
Consistent history of IRS 990 filings (14 filings), demonstrating a commitment to transparency in reporting.
Spending Breakdown
How Bangor Theological Seminary 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 Bangor Theological Seminary
Is Bangor Theological Seminary a legitimate charity?
Based on AI analysis of IRS 990 filings, Bangor Theological Seminary (EIN: 10211484) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Bangor Theological Seminary a good charity to donate to?
Bangor Theological Seminary has a Mission Score of 65/100. Revenue: $6.9M. Assets: $22.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bangor Theological Seminary?
The Employer Identification Number (EIN) for Bangor Theological Seminary is 10211484. 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 Theological Seminary spend its money?
Bangor Theological Seminary allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bangor Theological Seminary's tax-exempt status?
You can verify Bangor Theological Seminary's tax-exempt status using EIN 10211484 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 Theological Seminary demonstrates a mixed financial picture. While the organization holds substantial assets of $22,420,452, its recent operational revenues have been inconsistent and often negative, as seen in the -$467,021 revenue in 2023 and $525,491 in 2024, frequently falling short of expenses. This suggests a reliance on investment income or prior reserves to cover ongoing operations, rather than consistent program-generated revenue. The organization's transparency is commendable regarding executive compensation, with 0% reported officer compensation across all available filings, indicating a volunteer or very low-paid leadership structure, or that compensation is not reported in this section for other reasons. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The consistent operational deficits raise questions about long-term financial sustainability if not addressed by a more stable revenue stream or reduced expenses.