Quick charity verification for Friends Of Casco Bay (EIN: 10452620)
Verdict: Friends Of Casco Bay appears trustworthy
92/100Mission Score
$1.3MRevenue
$2.9MAssets
1Red Flags
5Strengths
Red Flags
Operating deficit in the most recent filing period (202403) where expenses exceeded revenue by over $200,000.
Strengths
Consistent growth in assets, nearly doubling from 2015 to 2024.
No reported officer compensation across all filings, indicating high efficiency.
Strong program spending focus, with a high percentage of expenses directed to mission.
Healthy balance sheet with relatively low liabilities compared to assets.
Consistent filing of IRS 990s, demonstrating good transparency.
Spending Breakdown
How Friends Of Casco Bay 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 Friends Of Casco Bay
Is Friends Of Casco Bay a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Casco Bay (EIN: 10452620) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Friends Of Casco Bay a good charity to donate to?
Friends Of Casco Bay has a Mission Score of 92/100. Revenue: $1.3M. Assets: $2.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of Casco Bay?
The Employer Identification Number (EIN) for Friends Of Casco Bay is 10452620. 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 Friends Of Casco Bay spend its money?
Friends Of Casco Bay allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of Casco Bay's tax-exempt status?
You can verify Friends Of Casco Bay's tax-exempt status using EIN 10452620 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
Friends Of Casco Bay demonstrates a generally stable financial position with consistent revenue streams, averaging around $1 million annually over the past five years. While the organization experienced a deficit in the most recent filing period (202403) with expenses exceeding revenue by over $200,000, this appears to be an anomaly rather than a trend, as previous years often showed surpluses. Their asset base has grown steadily, reaching nearly $2.9 million in 2024, indicating good long-term financial management.
The organization's spending efficiency appears strong, with a significant portion of expenses directed towards program services. The absence of reported officer compensation across all available filings suggests a highly volunteer-driven leadership or that compensation is below reporting thresholds, which enhances their financial efficiency. Their liabilities have remained relatively low compared to assets, indicating a healthy balance sheet. Overall, Friends Of Casco Bay appears to be a financially sound and efficiently run nonprofit.
Transparency is excellent, as evidenced by the consistent filing of IRS Form 990s and the clear reporting of financial metrics. The lack of reported officer compensation is a notable positive for transparency and resource allocation.