Quick charity verification for Center For Maine Contemporary Art (EIN: 10282701)
Verdict: Center For Maine Contemporary Art appears trustworthy
75/100Mission Score
$1.2MRevenue
$5.1MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and requires further investigation into compensation practices.
Operating deficit in the most recent 2023 fiscal period ($838,299 revenue vs. $972,353 expenses).
Strengths
Strong and growing asset base, increasing from $2,010,711 in 2014 to $5,529,557 in 2023.
Generally positive operating margins in most years, indicating financial stability.
Low liabilities relative to assets in recent years (e.g., $761,879 liabilities vs. $5,529,557 assets in 2023).
Spending Breakdown
How Center For Maine Contemporary Art 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 Center For Maine Contemporary Art
Is Center For Maine Contemporary Art a legitimate charity?
Based on AI analysis of IRS 990 filings, Center For Maine Contemporary Art (EIN: 10282701) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Center For Maine Contemporary Art a good charity to donate to?
Center For Maine Contemporary Art has a Mission Score of 75/100. Revenue: $1.2M. Assets: $5.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Center For Maine Contemporary Art?
The Employer Identification Number (EIN) for Center For Maine Contemporary Art is 10282701. 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 Center For Maine Contemporary Art spend its money?
Center For Maine Contemporary Art allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Center For Maine Contemporary Art's tax-exempt status?
You can verify Center For Maine Contemporary Art's tax-exempt status using EIN 10282701 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 Center For Maine Contemporary Art (CMCA) demonstrates consistent financial stability, with assets steadily above $5 million in recent years, reaching $5,529,557 in 2023. While revenue has fluctuated, such as a peak of $2,142,577 in 2016, the organization generally operates with a healthy margin, as seen in 2022 where revenue of $852,628 exceeded expenses of $769,338. However, the 2023 filing shows expenses ($972,353) exceeding revenue ($838,299), indicating a deficit for that period. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that compensation is structured in a way that it is not reported as officer compensation on the 990, which warrants further investigation. Overall, CMCA appears to be a well-managed organization with a strong asset base, though recent operating results show a slight dip.