Quick charity verification for Barmore Fund (EIN: 10540393)
Verdict: Barmore Fund shows mixed signals
65/100Mission Score
$136KRevenue
$549KAssets
2Red Flags
2Strengths
Red Flags
Consistent operational deficits, with expenses exceeding revenue in every reported year from 2011 to 2023.
Declining asset base over the past decade, from $671,270 in 2011 to $559,383 in 2023, indicating a spend-down trend.
Strengths
Zero reported officer compensation across all filings, indicating efficient use of funds at the executive level.
Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
Spending Breakdown
How Barmore Fund 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 Barmore Fund
Is Barmore Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Barmore Fund (EIN: 10540393) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
Is Barmore Fund a good charity to donate to?
Barmore Fund has a Mission Score of 65/100. Revenue: $136K. Assets: $549K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Barmore Fund?
The Employer Identification Number (EIN) for Barmore Fund is 10540393. 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 Barmore Fund spend its money?
Barmore Fund allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Barmore Fund's tax-exempt status?
You can verify Barmore Fund's tax-exempt status using EIN 10540393 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 Barmore Fund, with an EIN of 10540393, appears to be a small foundation or fund based in Harpswell, ME, as indicated by its NTEE code T22 (Private Grantmaking Foundations). Its financial health shows a consistent pattern of expenses exceeding revenue over the past decade. For instance, in 2023, revenue was $15,270 while expenses were $50,627, leading to a net deficit. This trend has resulted in a gradual decline in assets, from $671,270 in 2011 to $559,383 in 2023. The organization's latest reported assets are $548,862, with latest revenue at $136,133, which is significantly higher than previous years, suggesting a potential one-time event or a recent shift not fully reflected in the historical expense data provided.
Spending efficiency is difficult to fully assess without a detailed breakdown of expenses into program, administrative, and fundraising categories, which are not provided in the summary data. However, the consistent operational deficit suggests that the organization is drawing down its asset base to cover its activities. The absence of reported officer compensation across all filings indicates a lean operational structure at the executive level, which is a positive sign for donor confidence regarding executive pay.
Transparency appears to be adequate given the availability of 990 filings. The consistent reporting of zero officer compensation is a strong indicator of transparency in executive pay. However, without more granular expense data, it's challenging to fully evaluate how efficiently funds are being allocated to direct programmatic activities versus overhead.