Quick charity verification for Home Resources Of Maine Inc (EIN: 10490620)
Verdict: Home Resources Of Maine Inc has notable concerns
10/100Mission Score
$0Revenue
$0Assets
3Red Flags
2Strengths
Red Flags
Dramatic and sustained decline in revenue and assets post-2019
Expenses consistently exceeding revenue in recent years (e.g., 2022 expenses $16,030 vs. revenue $1,413; 2021 expenses $507,375 vs. revenue $71,518)
Current assets of only $10,196, indicating minimal operational capacity
Strengths
Historically operated with significant revenue and assets for many years (2013-2019)
Consistently reported 0% officer compensation, suggesting a lean or volunteer-driven leadership structure
Spending Breakdown
How Home Resources Of Maine Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Home Resources Of Maine Inc
Is Home Resources Of Maine Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Home Resources Of Maine Inc (EIN: 10490620) has notable concerns. Mission Score: 10/100. 3 red flags identified, 2 strengths noted.
Is Home Resources Of Maine Inc a good charity to donate to?
Home Resources Of Maine Inc has a Mission Score of 10/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Home Resources Of Maine Inc?
The Employer Identification Number (EIN) for Home Resources Of Maine Inc is 10490620. 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 Home Resources Of Maine Inc spend its money?
Home Resources Of Maine Inc allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Home Resources Of Maine Inc's tax-exempt status?
You can verify Home Resources Of Maine Inc's tax-exempt status using EIN 10490620 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
Home Resources Of Maine Inc has experienced a dramatic decline in financial activity over the past few years. After consistently reporting revenues in the range of $7-9 million and expenses around the same level from 2013 to 2019, the organization's financial scale has shrunk significantly. In fiscal year 2020, revenue dropped to $5.9 million and expenses to $7.4 million, followed by a precipitous fall to $71,518 in revenue and $507,375 in expenses in 2021. The latest filing for 2022 shows minimal activity with only $1,413 in revenue and $16,030 in expenses, indicating a near cessation of operations.
The organization's assets have also diminished considerably, from a peak of $2.68 million in 2018 to just $10,196 in 2022. While liabilities have consistently been low or zero in recent years, the overall financial picture is one of severe contraction. The lack of reported officer compensation across all filings suggests either a volunteer-led structure or that compensation is not reported in a way that is visible in this data, which could be a point for further inquiry regarding transparency if the organization were still active at scale.
Given the drastic reduction in financial activity and assets, the organization appears to be largely inactive or in the process of winding down. Its financial health is extremely poor, and its spending efficiency is difficult to assess meaningfully at its current scale, as the 2022 expenses of $16,030 far exceeded its revenue of $1,413, continuing a trend of expenses outstripping revenue in its final active years.