Quick charity verification for Boothbay Region Food Pantry (EIN: 10547406)
Verdict: Boothbay Region Food Pantry appears trustworthy
92/100Mission Score
$201KRevenue
$218KAssets
1Red Flags
5Strengths
Red Flags
Expenses exceeded revenue in the 2023 fiscal period ($232,702 vs. $193,294).
Strengths
Consistent 0% officer compensation across all filings.
No reported liabilities in any filing period.
Significant growth in assets, from $76,123 in 2014 to $294,786 in 2023.
Strong program focus due to minimal administrative and fundraising overhead.
Transparent financial reporting with a complete filing history.
Spending Breakdown
How Boothbay Region Food Pantry allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
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 Food Pantry
Is Boothbay Region Food Pantry a legitimate charity?
Based on AI analysis of IRS 990 filings, Boothbay Region Food Pantry (EIN: 10547406) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Boothbay Region Food Pantry a good charity to donate to?
Boothbay Region Food Pantry has a Mission Score of 92/100. Revenue: $201K. Assets: $218K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Boothbay Region Food Pantry?
The Employer Identification Number (EIN) for Boothbay Region Food Pantry is 10547406. 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 Food Pantry spend its money?
Boothbay Region Food Pantry allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Boothbay Region Food Pantry's tax-exempt status?
You can verify Boothbay Region Food Pantry's tax-exempt status using EIN 10547406 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 Food Pantry demonstrates a strong commitment to its mission, as evidenced by its consistent program spending and lack of executive compensation. The organization's financial health appears stable, with assets growing significantly over the past few years, reaching $294,786 in 2023. While the 2023 expenses ($232,702) exceeded revenue ($193,294), this appears to be an anomaly compared to previous years where revenue generally outpaced expenses, suggesting a potential strategic investment or increased operational costs in that specific period. The organization consistently reports zero liabilities, indicating sound financial management and no outstanding debt.
Spending efficiency is high, with all available data indicating 0% officer compensation, suggesting that resources are directly allocated to operations and programs. The absence of reported liabilities across all filings further reinforces efficient financial stewardship. The organization's transparency is excellent, with a complete filing history and clear financial reporting, including no reported officer compensation.
Overall, the Boothbay Region Food Pantry appears to be a well-managed and transparent organization effectively serving its community. Its consistent growth in assets and dedication to direct program support, without the burden of executive salaries, are strong indicators of its financial health and mission focus.