Is Homeless Animal Rescue Team Of Maine Inc Legit?
Quick charity verification for Homeless Animal Rescue Team Of Maine Inc (EIN: 10531093)
Verdict: Homeless Animal Rescue Team Of Maine Inc appears trustworthy
88/100Mission Score
$741KRevenue
$3.1MAssets
1Red Flags
4Strengths
Red Flags
Significant year-over-year revenue volatility, which could impact long-term planning if not managed with reserves.
Strengths
Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
Substantial asset growth from $644,675 in 2014 to $2,855,147 in 2023, providing financial stability.
Low liabilities across most filing periods, suggesting good financial management.
Active program spending, with expenses often matching or exceeding revenue, indicating direct mission impact.
Spending Breakdown
How Homeless Animal Rescue Team Of Maine Inc 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 Homeless Animal Rescue Team Of Maine Inc
Is Homeless Animal Rescue Team Of Maine Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Homeless Animal Rescue Team Of Maine Inc (EIN: 10531093) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Homeless Animal Rescue Team Of Maine Inc a good charity to donate to?
Homeless Animal Rescue Team Of Maine Inc has a Mission Score of 88/100. Revenue: $741K. Assets: $3.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Homeless Animal Rescue Team Of Maine Inc?
The Employer Identification Number (EIN) for Homeless Animal Rescue Team Of Maine Inc is 10531093. 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 Homeless Animal Rescue Team Of Maine Inc spend its money?
Homeless Animal Rescue Team Of Maine Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Homeless Animal Rescue Team Of Maine Inc's tax-exempt status?
You can verify Homeless Animal Rescue Team Of Maine Inc's tax-exempt status using EIN 10531093 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
Homeless Animal Rescue Team Of Maine Inc (HART) demonstrates a generally stable financial position with significant asset growth over the past decade, from $644,675 in 2014 to $2,855,147 in 2023. However, the organization exhibits considerable year-to-year volatility in revenue, with peaks of $1,637,406 in 2022 and $1,507,943 in 2019, contrasting with lower years like $526,284 in 2023. This fluctuation suggests reliance on large, infrequent donations or grants. Spending efficiency appears reasonable, with expenses generally aligning with or exceeding revenue in some years, indicating active program delivery. The consistent reporting of 0% officer compensation across all filings is a strong indicator of transparency and a volunteer-driven leadership model, which is commendable for a nonprofit of this size.