Is Downeast Institute For Applied Marine Research And Education Inc Legit?

Quick charity verification for Downeast Institute For Applied Marine Research And Education Inc (EIN: 10452403)

Verdict: Downeast Institute For Applied Marine Research And Education Inc appears trustworthy

92/100Mission Score
$2.0MRevenue
$9.8MAssets
2Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Downeast Institute For Applied Marine Research And Education Inc allocates its funds across programs, administration, and fundraising.

90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Institute For Applied Marine Research And Education Inc

Is Downeast Institute For Applied Marine Research And Education Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Downeast Institute For Applied Marine Research And Education Inc (EIN: 10452403) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.

Is Downeast Institute For Applied Marine Research And Education Inc a good charity to donate to?

Downeast Institute For Applied Marine Research And Education Inc has a Mission Score of 92/100. Revenue: $2.0M. Assets: $9.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Downeast Institute For Applied Marine Research And Education Inc?

The Employer Identification Number (EIN) for Downeast Institute For Applied Marine Research And Education Inc is 10452403. 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 Institute For Applied Marine Research And Education Inc spend its money?

Downeast Institute For Applied Marine Research And Education Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Downeast Institute For Applied Marine Research And Education Inc's tax-exempt status?

You can verify Downeast Institute For Applied Marine Research And Education Inc's tax-exempt status using EIN 10452403 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 Institute For Applied Marine Research And Education Inc demonstrates a generally healthy financial position, marked by consistent revenue generation and substantial asset growth over the past decade. In the most recent filing (202312), the organization reported revenues of $2,697,975 against expenses of $2,367,998, indicating a surplus. This positive trend is further supported by a significant increase in assets from $5,656,745 in 2014 to $6,435,897 in 2023, with a peak of $7,188,725 in 2016. The organization's spending efficiency appears strong, as evidenced by the consistent surpluses in many years, such as 2023, 2018, 2017, 2016, 2015, and 2014. The absence of reported officer compensation across all available filings suggests a high degree of transparency and a commitment to directing funds towards its mission rather than executive salaries. While the organization has experienced some years with expenses exceeding revenue (e.g., 2022, 2021, 2020, 2019), these deficits have not significantly eroded its overall asset base, which has grown. The liabilities have fluctuated, reaching a high of $2,294,130 in 2023, which is a point to monitor, though it remains manageable relative to its assets. The consistent reporting of zero officer compensation is a strong indicator of financial transparency and a focus on program delivery. Overall, the institute appears to be a financially stable and well-managed entity, effectively utilizing its resources for its stated mission.

View Full Transparency Report →

Disclaimer

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

Related Pages