Quick charity verification for Fort Kent Housing Inc (EIN: 10280430)
Verdict: Fort Kent Housing Inc appears trustworthy
75/100Mission Score
$530KRevenue
$3.0MAssets
2Red Flags
3Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue) in most recent years, such as $601,829 expenses vs. $529,546 revenue in 2023.
Gradual decline in total assets over the past decade, from $3,816,827 in 2014 to $3,156,334 in 2023.
Strengths
Consistent reporting of 0% officer compensation across all available filings, indicating strong financial stewardship.
Maintains a substantial asset base ($3,156,334 in 2023) relative to its annual revenue, providing financial stability.
Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Spending Breakdown
How Fort Kent Housing Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Fort Kent Housing Inc
Is Fort Kent Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fort Kent Housing Inc (EIN: 10280430) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Fort Kent Housing Inc a good charity to donate to?
Fort Kent Housing Inc has a Mission Score of 75/100. Revenue: $530K. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fort Kent Housing Inc?
The Employer Identification Number (EIN) for Fort Kent Housing Inc is 10280430. 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 Fort Kent Housing Inc spend its money?
Fort Kent Housing Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fort Kent Housing Inc's tax-exempt status?
You can verify Fort Kent Housing Inc's tax-exempt status using EIN 10280430 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
Fort Kent Housing Inc. appears to be a stable, albeit modestly sized, nonprofit focused on housing. The organization consistently operates with expenses slightly exceeding revenue in most recent years, as seen in 2023 ($601,829 expenses vs. $529,546 revenue) and 2022 ($548,621 expenses vs. $489,486 revenue). This trend has led to a gradual decrease in assets over the past decade, from $3,816,827 in 2014 to $3,156,334 in 2023. However, the organization maintains a healthy asset base relative to its annual revenue, suggesting financial resilience despite the operational deficits. The consistent reporting of 0% officer compensation indicates a commitment to directing funds towards its mission rather than executive salaries, which is a positive sign for spending efficiency and transparency.
The lack of specific program, administrative, or fundraising expense breakdowns in the provided data makes a detailed assessment of spending efficiency challenging. However, the absence of officer compensation suggests that a significant portion of expenses is likely directed towards operational costs related to housing. The organization's consistent filing of IRS 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency, providing a clear financial history for public review. While the declining asset trend warrants monitoring, the overall financial picture suggests a well-managed entity with a clear focus on its mission.