Quick charity verification for Gulf Of Maine Research Institute (EIN: 10504905)
Verdict: Gulf Of Maine Research Institute appears trustworthy
85/100Mission Score
$22.5MRevenue
$53.7MAssets
1Red Flags
4Strengths
Red Flags
Lack of specific officer compensation reported in summary data, requiring further investigation into full 990 for transparency on executive pay.
Strengths
Consistent and significant revenue growth over the past decade, from $7.4M in 2014 to $22.4M currently.
Strong asset accumulation, increasing from $11.2M in 2014 to $53.7M currently, indicating robust financial health.
Consistent operational surpluses, such as the $4M surplus in the 202306 period, demonstrating effective financial management.
Long history of IRS 990 filings (14 filings), suggesting a commitment to transparency and compliance.
Spending Breakdown
How Gulf Of Maine Research Institute 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 Gulf Of Maine Research Institute
Is Gulf Of Maine Research Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Gulf Of Maine Research Institute (EIN: 10504905) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Gulf Of Maine Research Institute a good charity to donate to?
Gulf Of Maine Research Institute has a Mission Score of 85/100. Revenue: $22.5M. Assets: $53.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gulf Of Maine Research Institute?
The Employer Identification Number (EIN) for Gulf Of Maine Research Institute is 10504905. 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 Gulf Of Maine Research Institute spend its money?
Gulf Of Maine Research Institute allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gulf Of Maine Research Institute's tax-exempt status?
You can verify Gulf Of Maine Research Institute's tax-exempt status using EIN 10504905 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
The Gulf Of Maine Research Institute demonstrates strong financial health and growth, with assets increasing from $11,224,552 in 2014 to $53,705,208 currently. Revenue has also shown significant upward trends, reaching $22,470,141 in the latest period. The organization consistently operates with a surplus, as seen in the 202306 period where revenue of $19,370,120 exceeded expenses of $15,361,083. This indicates effective financial management and a capacity to build reserves for future operations.
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent positive net income suggests efficient use of funds. The absence of reported officer compensation in the provided data for all periods is notable and could indicate either a highly volunteer-driven leadership or that compensation is reported under different categories, warranting further investigation into the full 990 forms for complete transparency on executive pay.
Overall, the institute appears to be in a robust financial position, capable of sustaining and expanding its mission. The substantial growth in assets and revenue over the past decade points to successful fundraising and grant acquisition, supporting its long-term viability. Further analysis of the detailed expense categories within the full 990 filings would provide a more granular understanding of spending efficiency across programs, administration, and fundraising.