Quick charity verification for Cobscook Bay Resource Center Inc (EIN: 10529806)
Verdict: Cobscook Bay Resource Center Inc has notable concerns
30/100Mission Score
$0Revenue
$0Assets
4Red Flags
2Strengths
Red Flags
Significant and consistent decline in revenue over the past decade, from $335,031 in 201206 to $3,668 in 202006.
Latest filing (202006) shows $0 in both revenue and assets, raising serious concerns about current operations and viability.
Expenses frequently exceeded revenue in recent years, leading to a depletion of assets (e.g., $47,038 expenses vs. $3,668 revenue in 202006).
Overall decrease in assets from a peak of $607,214 in 201506 to $444,968 in 202006, indicating financial instability.
Strengths
Consistent reporting of 0% officer compensation across all filings, demonstrating a commitment to minimizing executive overhead.
History of consistent IRS 990 filings, indicating a commitment to transparency in financial reporting.
Spending Breakdown
How Cobscook Bay Resource Center Inc 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 Cobscook Bay Resource Center Inc
Is Cobscook Bay Resource Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cobscook Bay Resource Center Inc (EIN: 10529806) has notable concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
Is Cobscook Bay Resource Center Inc a good charity to donate to?
Cobscook Bay Resource Center Inc has a Mission Score of 30/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cobscook Bay Resource Center Inc?
The Employer Identification Number (EIN) for Cobscook Bay Resource Center Inc is 10529806. 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 Cobscook Bay Resource Center Inc spend its money?
Cobscook Bay Resource Center Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cobscook Bay Resource Center Inc's tax-exempt status?
You can verify Cobscook Bay Resource Center Inc's tax-exempt status using EIN 10529806 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
Cobscook Bay Resource Center Inc appears to be in a challenging financial position, particularly in its most recent filing period (202006) where it reported $3,668 in revenue against $47,038 in expenses, indicating a significant operating deficit. This continues a trend of declining revenue from a peak of $335,031 in 201206 to near zero in the latest available data. The organization's assets have also been declining, from $607,214 in 201506 to $444,968 in 202006, while liabilities have generally decreased but remain substantial relative to current revenue. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead in this area, which is a positive sign for transparency and efficiency.
The organization's financial health has deteriorated significantly over the past decade, with expenses frequently exceeding revenue, leading to a depletion of assets. While the lack of officer compensation is commendable, the overall financial sustainability is a major concern. Without more detailed expense breakdowns, it's difficult to fully assess spending efficiency beyond the executive compensation aspect. The consistent filing of 990s demonstrates a commitment to transparency in reporting, even amidst financial difficulties.
The most recent filing showing $0 in both revenue and assets is highly concerning and suggests the organization may be inactive or in the process of winding down. This stark contrast to previous years' operations indicates a critical juncture for the nonprofit. Further investigation would be needed to understand the reasons behind this dramatic change and the future viability of the organization.