Quick charity verification for Hospice Regatta Of Maine (EIN: 10508465)
Verdict: Hospice Regatta Of Maine shows mixed signals
65/100Mission Score
$57KRevenue
$3KAssets
3Red Flags
2Strengths
Red Flags
Consistent operational deficits: Expenses exceeded revenue in 6 out of 10 reported years (2022, 2020, 2018, 2016, 2014).
Declining asset base: Assets dropped significantly from $33,561 in 2021 to $2,501 in 2022, indicating a depletion of reserves.
Low current assets: The current asset level of $2,501 is very low relative to its annual expenses, suggesting limited financial cushion.
Strengths
Zero officer compensation: Consistently reports 0% officer compensation, indicating a volunteer-driven model and efficient use of funds for mission-related activities.
No reported liabilities: The organization consistently reports $0 in liabilities, suggesting good fiscal management in avoiding debt.
Spending Breakdown
How Hospice Regatta Of Maine allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Hospice Regatta Of Maine
Is Hospice Regatta Of Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, Hospice Regatta Of Maine (EIN: 10508465) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Hospice Regatta Of Maine a good charity to donate to?
Hospice Regatta Of Maine has a Mission Score of 65/100. Revenue: $57K. Assets: $3K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hospice Regatta Of Maine?
The Employer Identification Number (EIN) for Hospice Regatta Of Maine is 10508465. 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 Hospice Regatta Of Maine spend its money?
Hospice Regatta Of Maine allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hospice Regatta Of Maine's tax-exempt status?
You can verify Hospice Regatta Of Maine's tax-exempt status using EIN 10508465 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
Hospice Regatta Of Maine appears to be a small, volunteer-run organization given its consistent reporting of 0% officer compensation across all available filings. This indicates a strong commitment to directing funds towards its mission rather than executive salaries. However, the organization has shown inconsistent financial performance, with expenses frequently exceeding revenue. For instance, in 2022, expenses were $88,223 against revenues of $57,163, resulting in a deficit. This pattern of operating at a deficit in multiple years (e.g., 2022, 2020, 2018, 2016, 2014) suggests potential challenges in financial sustainability or a reliance on prior year reserves.
The organization's assets have fluctuated significantly, from a high of $34,009 in 2015 to a low of $2,001 in 2020, and currently stand at $2,501. The low asset base, especially in recent years, combined with recurring deficits, raises questions about its long-term financial stability and capacity to absorb unexpected costs. While the absence of liabilities is a positive indicator of fiscal responsibility, the overall financial picture suggests a need for more consistent revenue generation or tighter expense management to ensure its continued operation and impact.
Given the data provided, a detailed breakdown of program, administrative, and fundraising spending is not available. However, the consistent zero officer compensation is a strong positive for transparency and efficiency in that specific area. The primary concern lies in the recurring operational deficits and the declining asset base, which could impact its ability to fulfill its mission effectively over time.