Quick charity verification for Education Action Forum Of Maine (EIN: 10537413)
Verdict: Education Action Forum Of Maine appears trustworthy
92/100Mission Score
$149KRevenue
$124KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $50,704 in 2012 to $148,568 in 2021.
Significant asset growth, from $9,802 in 2012 to $124,334 in 2021.
Zero liabilities reported across all 11 filing periods, indicating strong financial stability.
0% officer compensation reported, suggesting highly efficient use of funds for programs.
Positive net income in the latest filing (202112), with revenue exceeding expenses by $55,009.
Spending Breakdown
How Education Action Forum Of Maine 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 Education Action Forum Of Maine
Is Education Action Forum Of Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, Education Action Forum Of Maine (EIN: 10537413) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Education Action Forum Of Maine a good charity to donate to?
Education Action Forum Of Maine has a Mission Score of 92/100. Revenue: $149K. Assets: $124K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Education Action Forum Of Maine?
The Employer Identification Number (EIN) for Education Action Forum Of Maine is 10537413. 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 Education Action Forum Of Maine spend its money?
Education Action Forum Of Maine allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Education Action Forum Of Maine's tax-exempt status?
You can verify Education Action Forum Of Maine's tax-exempt status using EIN 10537413 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
Education Action Forum Of Maine demonstrates consistent financial health with a positive net income in its latest filing (202112), where revenue of $148,568 exceeded expenses of $93,559. The organization has also shown growth in its assets, increasing from $4,182 in 2015 to $124,334 in 2021, indicating sound financial management and accumulation of resources. The absence of liabilities across all reported periods is a strong indicator of financial stability and low risk.
The organization's spending efficiency appears strong, particularly given the zero officer compensation reported across all filings, suggesting a volunteer-driven or very lean operational model. This contributes to a higher proportion of funds likely being directed towards program services. The consistent filing of IRS 990 forms over 11 periods demonstrates a commitment to transparency, allowing public scrutiny of its financial operations.
Overall, Education Action Forum Of Maine appears to be a financially stable and transparent organization, effectively managing its resources and growing its asset base without incurring debt. The lack of executive compensation is a notable positive for donor confidence regarding efficient use of funds.