Is Down East Family Ymca Legit?

Quick charity verification for Down East Family Ymca (EIN: 10412269)

Verdict: Down East Family Ymca appears trustworthy

75/100Mission Score

$5.8MRevenue

$3.0MAssets

2Red Flags

3Strengths

Red Flags

Consistent operational deficits in recent years (e.g., $74,633 in 2023, $508,234 in 2022).
Significant increase in liabilities from $443,129 in 2022 to $1,031,932 in 2023.

Strengths

No reported officer compensation across all filings, indicating excellent transparency and efficient use of funds.
Consistent revenue growth over the past decade, from $2.3M in 2014 to over $5.1M in 2023, demonstrating strong community support.
Healthy asset base of $3,260,111 in 2023, providing financial stability.

Spending Breakdown

How Down East Family Ymca allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

10%

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 Down East Family Ymca

Is Down East Family Ymca a legitimate charity?

Based on AI analysis of IRS 990 filings, Down East Family Ymca (EIN: 10412269) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Down East Family Ymca a good charity to donate to?

Down East Family Ymca has a Mission Score of 75/100. Revenue: $5.8M. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Down East Family Ymca?

The Employer Identification Number (EIN) for Down East Family Ymca is 10412269. 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 Down East Family Ymca spend its money?

Down East Family Ymca allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Down East Family Ymca's tax-exempt status?

You can verify Down East Family Ymca's tax-exempt status using EIN 10412269 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 Down East Family YMCA demonstrates a generally stable financial position, though recent years show a trend of expenses exceeding revenue. In 2023, expenses were $5,185,263 against revenues of $5,110,630, resulting in a deficit. This follows a similar pattern in 2022 where expenses of $4,872,160 outpaced revenues of $4,363,926. While the organization has maintained healthy asset levels, reaching $3,260,111 in 2023, the consistent operational deficits could be a concern if not addressed. The organization's liabilities have also shown an increase, from $443,129 in 2022 to $1,031,932 in 2023, which warrants closer examination.

The absence of reported officer compensation across all available filings suggests strong financial transparency regarding executive pay, indicating that no officers received compensation directly from the organization. This practice is commendable and contributes positively to public trust. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The consistent growth in revenue over the past decade, from $2,365,724 in 2014 to $5,110,630 in 2023, indicates strong community support and fundraising capabilities, despite the recent operational deficits.

Overall, the Down East Family YMCA appears to be a well-supported organization with a long history of service. While the recent trend of expenses exceeding revenue and increasing liabilities should be monitored, the lack of officer compensation and consistent revenue growth are positive indicators. Further transparency on expense allocation would provide a more complete picture of its spending efficiency and program impact.

View Full Transparency Report →

Disclaimer

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