Quick charity verification for Hospitality Maine Education Foundation (EIN: 10421242)
Verdict: Hospitality Maine Education Foundation appears trustworthy
70/100Mission Score
$117KRevenue
$297KAssets
3Red Flags
3Strengths
Red Flags
Expenses exceeded revenue in the latest filing period (202312), indicating a deficit ($376,126 expenses vs. $340,266 revenue).
Inconsistent financial performance with expenses exceeding revenue in multiple periods (202312, 202112, 201912).
NTEE code Z99Z (Unknown) may indicate a lack of specific classification or transparency regarding programmatic focus.
Strengths
Consistent 0% officer compensation across all five filing periods, indicating efficient use of funds at the executive level.
Significant revenue growth in the latest period (202312 revenue of $340,266, up from $190,450 in 202212).
Stable asset base around $300,000 provides some financial stability.
Spending Breakdown
How Hospitality Maine Education Foundation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Hospitality Maine Education Foundation
Is Hospitality Maine Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hospitality Maine Education Foundation (EIN: 10421242) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Hospitality Maine Education Foundation a good charity to donate to?
Hospitality Maine Education Foundation has a Mission Score of 70/100. Revenue: $117K. Assets: $297K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hospitality Maine Education Foundation?
The Employer Identification Number (EIN) for Hospitality Maine Education Foundation is 10421242. 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 Hospitality Maine Education Foundation spend its money?
Hospitality Maine Education Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hospitality Maine Education Foundation's tax-exempt status?
You can verify Hospitality Maine Education Foundation's tax-exempt status using EIN 10421242 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
The Hospitality Maine Education Foundation demonstrates a mixed financial picture. While the organization has shown significant revenue growth in its latest reported period (202312, $340,266 compared to $117,096 latest revenue), it also reported expenses exceeding revenue in that same period ($376,126 expenses vs. $340,266 revenue), leading to a net deficit. This trend of expenses sometimes exceeding revenue is also visible in 202112 and 201912, suggesting a need for careful financial management to ensure long-term sustainability. The organization's assets have remained relatively stable over the past five years, hovering around $300,000, which provides some financial cushion.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings is a positive indicator of efficient use of funds at the executive level. The organization's NTEE code Z99Z (Unknown) could potentially raise questions about transparency regarding its specific programmatic focus, although this is often a default for smaller or newer organizations. Overall, while there are signs of growth, prudent financial oversight will be crucial given the recent deficit.