Quick charity verification for Equality Maine Foundation (EIN: 10515357)
Verdict: Equality Maine Foundation appears trustworthy
90/100Mission Score
$575KRevenue
$482KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation across all filings, indicating strong commitment to mission spending.
Significant asset growth from $32,644 in 201409 to $649,917 in 202309.
Latest filing (202309) shows a healthy surplus with revenue ($718,365) exceeding expenses ($526,132).
Zero liabilities reported in the latest filing (202309), indicating a strong balance sheet.
Overall positive trend in financial health and capacity over the past decade.
Spending Breakdown
How Equality Maine Foundation 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 Equality Maine Foundation
Is Equality Maine Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Equality Maine Foundation (EIN: 10515357) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Equality Maine Foundation a good charity to donate to?
Equality Maine Foundation has a Mission Score of 90/100. Revenue: $575K. Assets: $482K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Equality Maine Foundation?
The Employer Identification Number (EIN) for Equality Maine Foundation is 10515357. 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 Equality Maine Foundation spend its money?
Equality Maine Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Equality Maine Foundation's tax-exempt status?
You can verify Equality Maine Foundation's tax-exempt status using EIN 10515357 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
Equality Maine Foundation demonstrates a generally healthy financial position with consistent revenue generation and growth in assets over the past several years. In the latest filing period (202309), the organization reported revenue of $718,365 against expenses of $526,132, resulting in a surplus that contributed to a significant increase in assets to $649,917. This positive trend is a good indicator of financial stability and capacity to fund its mission.
The organization appears to manage its spending efficiently, with expenses generally below or in line with revenue, preventing significant deficits. A notable strength is the consistent reporting of 0% officer compensation across all available filings, which suggests a strong commitment to directing funds towards programs and operational needs rather than executive salaries. This practice enhances the organization's transparency and donor confidence.
While specific program spending ratios are not detailed in the provided data, the overall financial health, asset growth, and lack of executive compensation suggest a well-managed and transparent operation. The absence of liabilities in the latest filing further strengthens its financial standing, indicating responsible fiscal management.