Quick charity verification for Dennysville Housing (EIN: 10532605)
Verdict: Dennysville Housing appears trustworthy
92/100Mission Score
$278KRevenue
$402KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $140,367 in 2015 to $381,920 in 2024.
0% officer compensation reported across all filings, indicating high efficiency and mission focus.
Revenue consistently exceeds expenses, leading to healthy financial surpluses (e.g., $259,523 revenue vs. $245,261 expenses in 2024).
Low liabilities relative to assets (e.g., $7,442 liabilities vs. $381,920 assets in 2024).
Stable and growing financial position over a 10-year period.
Spending Breakdown
How Dennysville Housing allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Dennysville Housing
Is Dennysville Housing a legitimate charity?
Based on AI analysis of IRS 990 filings, Dennysville Housing (EIN: 10532605) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Dennysville Housing a good charity to donate to?
Dennysville Housing has a Mission Score of 92/100. Revenue: $278K. Assets: $402K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Dennysville Housing?
The Employer Identification Number (EIN) for Dennysville Housing is 10532605. 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 Dennysville Housing spend its money?
Dennysville Housing allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Dennysville Housing's tax-exempt status?
You can verify Dennysville Housing's tax-exempt status using EIN 10532605 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
Dennysville Housing demonstrates consistent financial stability and growth over the past decade. The organization's assets have steadily increased from $140,367 in 2015 to $381,920 in 2024, indicating sound financial management and asset accumulation. Revenue has also shown a positive trend, reaching $259,523 in the latest filing period (202406), comfortably exceeding expenses of $245,261. This consistent surplus contributes to their growing asset base.
The organization exhibits strong spending efficiency, with expenses consistently below revenue, allowing for reinvestment and growth. A key indicator of their commitment to mission is the reported 0% officer compensation across all available filings, suggesting that resources are primarily directed towards program services rather than executive salaries. This practice, combined with a low liability-to-asset ratio (e.g., $7,442 liabilities against $381,920 assets in 2024), points to a well-managed and financially prudent operation.
While specific program spending percentages are not detailed in the provided data, the absence of officer compensation and the consistent financial surpluses strongly imply a high proportion of funds are allocated to their housing mission. The organization's consistent filing history and clear financial trends suggest a good level of transparency regarding their overall financial health.