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

Strengths

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.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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