Quick charity verification for Hospitalitymaine (EIN: 10360869)
Verdict: Hospitalitymaine appears trustworthy
85/100Mission Score
$772KRevenue
$453KAssets
2Red Flags
4Strengths
Red Flags
Declining asset base from $700,532 in 2020 to $471,890 in 2023
Operating deficit in 2022 where expenses ($738,591) exceeded revenue ($646,763)
Strengths
Consistent 0% officer compensation across all 13 filings, indicating strong financial integrity and mission focus
Return to a financial surplus in 2023 ($674,381 revenue vs. $660,800 expenses) after a deficit in 2022
Significant reduction in liabilities from $313,393 in 2020 to $141,713 in 2023
Stable revenue generation, generally ranging between $600,000 and $800,000 in recent years
Spending Breakdown
How Hospitalitymaine allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Hospitalitymaine
Is Hospitalitymaine a legitimate charity?
Based on AI analysis of IRS 990 filings, Hospitalitymaine (EIN: 10360869) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Hospitalitymaine a good charity to donate to?
Hospitalitymaine has a Mission Score of 85/100. Revenue: $772K. Assets: $453K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hospitalitymaine?
The Employer Identification Number (EIN) for Hospitalitymaine is 10360869. 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 Hospitalitymaine spend its money?
Hospitalitymaine allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hospitalitymaine's tax-exempt status?
You can verify Hospitalitymaine's tax-exempt status using EIN 10360869 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
Hospitalitymaine demonstrates a generally stable financial position, though with some fluctuations in recent years. In 2023, the organization reported revenue of $674,381 against expenses of $660,800, indicating a slight surplus. This follows a deficit in 2022 where expenses ($738,591) exceeded revenue ($646,763). The organization's assets have seen a decline from a high of $700,532 in 2020 to $471,890 in 2023, while liabilities have also decreased from $313,393 in 2020 to $141,713 in 2023, suggesting some balance sheet restructuring or operational adjustments.
The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and potentially efficient use of funds, as it suggests that top leadership is not drawing a salary from the organization. This practice can free up more resources for program delivery or other operational needs. While specific program spending details are not provided in the summary data, the overall financial trends suggest a well-managed organization that is responsive to its financial environment, as evidenced by the adjustments in revenue and expense management over time.
Overall, Hospitalitymaine appears to be a financially sound organization with a commitment to transparency regarding executive compensation. Its ability to manage expenses relative to revenue, even during periods of fluctuation, points to responsible financial stewardship. The decline in assets warrants monitoring, but the corresponding reduction in liabilities helps maintain a healthy financial ratio.