Is Harpswell Community Broadcasting Corporation Legit?
Quick charity verification for Harpswell Community Broadcasting Corporation (EIN: 10472463)
Verdict: Harpswell Community Broadcasting Corporation appears trustworthy
90/100Mission Score
$101KRevenue
$152KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Zero officer compensation, indicating volunteer leadership and efficient use of funds.
Consistent filing of IRS 990 forms over 13 periods, demonstrating strong transparency.
Stable asset base, with current assets at $152,223, showing good financial stewardship.
Low liabilities, with zero reported for most years, indicating a healthy balance sheet.
Return to a financial surplus in the latest filing (202312), with revenues of $100,144 exceeding expenses of $93,970.
Spending Breakdown
How Harpswell Community Broadcasting Corporation 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 Harpswell Community Broadcasting Corporation
Is Harpswell Community Broadcasting Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Harpswell Community Broadcasting Corporation (EIN: 10472463) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Harpswell Community Broadcasting Corporation a good charity to donate to?
Harpswell Community Broadcasting Corporation has a Mission Score of 90/100. Revenue: $101K. Assets: $152K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harpswell Community Broadcasting Corporation?
The Employer Identification Number (EIN) for Harpswell Community Broadcasting Corporation is 10472463. 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 Harpswell Community Broadcasting Corporation spend its money?
Harpswell Community Broadcasting Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harpswell Community Broadcasting Corporation's tax-exempt status?
You can verify Harpswell Community Broadcasting Corporation's tax-exempt status using EIN 10472463 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
Harpswell Community Broadcasting Corporation demonstrates consistent financial activity, with revenues generally fluctuating around the $80,000 to $100,000 range over the past decade. The organization has maintained a stable asset base, currently at $152,223, indicating prudent management of its resources. While there have been periods where expenses exceeded revenue, such as in 202212 where expenses were $101,492 against revenues of $80,435, the organization has shown resilience, returning to a surplus in 202312 with revenues of $100,144 exceeding expenses of $93,970. This suggests a capacity to manage operational costs effectively over time.
The organization's financial health appears stable for its size, with no reported officer compensation across all filings, which is a strong indicator of volunteer-driven leadership and efficient use of donor funds. The consistent filing of IRS 990 forms over 13 periods also points to a commitment to transparency. The NTEE code A32Z (Radio, Television, and Other Media) aligns with its mission, and the financial data supports its operation as a community broadcasting entity. The relatively low liabilities, with zero reported for most years, further strengthens its financial position.
Overall, Harpswell Community Broadcasting Corporation appears to be a financially sound and transparent small nonprofit. Its consistent operations, lack of executive compensation, and regular financial reporting contribute to a positive assessment of its stewardship of resources. The fluctuations in revenue and expenses are typical for smaller organizations, and the overall trend shows a sustainable operational model.