Quick charity verification for Harpswell Neck Fire And Rescue Inc (EIN: 10370079)
Verdict: Harpswell Neck Fire And Rescue Inc appears trustworthy
95/100Mission Score
$297KRevenue
$1.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent financial surpluses in most years, contributing to asset growth.
Zero reported officer compensation across all filings, indicating high efficiency and transparency.
Healthy and growing asset base, reaching $1,320,459 in 202312.
Very low or zero liabilities reported consistently, demonstrating strong financial health.
Effective expense management relative to revenue.
Spending Breakdown
How Harpswell Neck Fire And Rescue Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Neck Fire And Rescue Inc
Is Harpswell Neck Fire And Rescue Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harpswell Neck Fire And Rescue Inc (EIN: 10370079) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Harpswell Neck Fire And Rescue Inc a good charity to donate to?
Harpswell Neck Fire And Rescue Inc has a Mission Score of 95/100. Revenue: $297K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harpswell Neck Fire And Rescue Inc?
The Employer Identification Number (EIN) for Harpswell Neck Fire And Rescue Inc is 10370079. 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 Neck Fire And Rescue Inc spend its money?
Harpswell Neck Fire And Rescue Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harpswell Neck Fire And Rescue Inc's tax-exempt status?
You can verify Harpswell Neck Fire And Rescue Inc's tax-exempt status using EIN 10370079 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 Neck Fire And Rescue Inc demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. In the latest filing (202312), the organization reported revenues of $280,315 against expenses of $235,570, resulting in a surplus that contributes to its growing assets, which stood at $1,320,459. This trend of revenue generally exceeding expenses, as seen in 8 out of the last 10 years, indicates prudent financial management and the ability to build reserves.
The organization's spending efficiency appears strong, with a significant portion of its expenses likely directed towards its program services, given the nature of a fire and rescue operation and the absence of reported officer compensation. The consistent reporting of zero officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards operational needs rather than executive salaries. Liabilities have consistently been very low or zero, further underscoring financial health.
Overall, Harpswell Neck Fire And Rescue Inc exhibits a high degree of financial health and transparency. Its consistent growth in assets, effective management of expenses, and clear reporting of no executive compensation suggest a well-managed and community-focused operation. The organization's financial practices appear to align well with its mission to provide fire and rescue services.