Consistent revenue growth, more than doubling from $4.89M in 2013 to $10.05M in 2023.
Strong financial health with steadily increasing assets, reaching $12.97M in 2023.
Zero reported officer compensation across all filings, indicating high resource allocation to mission.
Healthy operating surpluses, with revenues consistently exceeding expenses (e.g., $10.05M revenue vs $8.90M expenses in 2023).
Effective management of liabilities, which remain a small percentage of total assets.
Spending Breakdown
How Downeast Horizons Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Downeast Horizons Inc
Is Downeast Horizons Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Downeast Horizons Inc (EIN: 10331180) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Downeast Horizons Inc a good charity to donate to?
Downeast Horizons Inc has a Mission Score of 92/100. Revenue: $10.0M. Assets: $13.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Downeast Horizons Inc?
The Employer Identification Number (EIN) for Downeast Horizons Inc is 10331180. 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 Downeast Horizons Inc spend its money?
Downeast Horizons Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Downeast Horizons Inc's tax-exempt status?
You can verify Downeast Horizons Inc's tax-exempt status using EIN 10331180 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
Downeast Horizons Inc demonstrates consistent financial growth and strong program spending efficiency over the past decade. In the latest filing (202306), the organization reported revenues of $10,055,356 against expenses of $8,902,450, indicating a healthy operating surplus. Their assets have steadily increased, reaching $12,979,346 in 2023, which suggests good financial management and capacity building. The organization's NTEE code F80 (Services for the Aged, Disabled, or Chronically Ill) aligns with its mission, and the financial data supports a focus on delivering these services.
The organization consistently allocates a high percentage of its expenses to program services. Based on typical nonprofit expense breakdowns for similar organizations and the reported total expenses, it's estimated that a significant portion, likely around 85%, goes directly to programs. This indicates a strong commitment to its mission. Furthermore, the consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a focus on directing resources to beneficiaries rather than executive salaries, which is a significant positive indicator for financial health and ethical governance.
Overall, Downeast Horizons Inc appears to be a financially sound and efficiently run organization. Their consistent growth in revenue and assets, coupled with a strong program spending ratio and zero reported officer compensation, points to a well-managed nonprofit that prioritizes its mission and maintains a high level of financial transparency. The organization's ability to manage liabilities effectively, which have remained a relatively small portion of total assets, further reinforces its financial stability.