Is Boothbay Region Education Foundation Legit?

Quick charity verification for Boothbay Region Education Foundation (EIN: 10534214)

Verdict: Boothbay Region Education Foundation appears trustworthy

85/100Mission Score
$55KRevenue
$128KAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Boothbay Region Education Foundation allocates its funds across programs, administration, and fundraising.

85%
Program Spending
Healthy — majority goes to mission
10%
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 Boothbay Region Education Foundation

Is Boothbay Region Education Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Boothbay Region Education Foundation (EIN: 10534214) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Boothbay Region Education Foundation a good charity to donate to?

Boothbay Region Education Foundation has a Mission Score of 85/100. Revenue: $55K. Assets: $128K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Boothbay Region Education Foundation?

The Employer Identification Number (EIN) for Boothbay Region Education Foundation is 10534214. 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 Boothbay Region Education Foundation spend its money?

Boothbay Region Education Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Boothbay Region Education Foundation's tax-exempt status?

You can verify Boothbay Region Education Foundation's tax-exempt status using EIN 10534214 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 Boothbay Region Education Foundation demonstrates a generally stable financial position with consistent asset growth over the past four years, increasing from $66,848 in 2021 to $109,551 in 2024. Revenue has fluctuated significantly, peaking at $226,362 in 2021 and dropping to $27,905 in 2023 before recovering to $72,545 in 2024. The organization has maintained zero liabilities across all reported periods, indicating strong financial management and no reliance on debt. The absence of officer compensation reported in all filings suggests a volunteer-driven leadership, which can contribute to lower administrative costs and a higher percentage of funds directed towards programs. Spending efficiency appears to vary. In 2024, expenses ($84,773) exceeded revenue ($72,545), resulting in a deficit for that period. However, in 2023 and 2022, revenue significantly outpaced expenses, allowing for asset accumulation. The organization's transparency is high, given its consistent filing of IRS Form 990s and the clear reporting of financial metrics, including zero liabilities and no officer compensation. This level of detail allows for a clear understanding of its financial operations. Overall, while there are fluctuations in annual revenue and expenses, the foundation's consistent asset growth and lack of debt are positive indicators. The absence of officer compensation is a notable strength, suggesting a commitment to directing resources to its mission. The recent deficit in 2024 warrants monitoring, but the overall trend of asset building and low overhead is favorable.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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