Quick charity verification for Katahdin Area Support Group (EIN: 10443818)
Verdict: Katahdin Area Support Group appears trustworthy
85/100Mission Score
$0Revenue
$0Assets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong financial health with consistent asset growth, reaching $107,989 in 202012.
Excellent spending efficiency, with expenses ($9,945) being a small percentage of revenue ($67,841) in the latest filing.
Zero liabilities reported across all filings, indicating strong financial stability and low risk.
0% officer compensation, suggesting a volunteer-driven model and efficient use of funds for programs.
Consistent positive net assets over the past decade.
AI Transparency Report
Katahdin Area Support Group demonstrates a generally healthy financial position, particularly in its most recent filing (202012) where it reported $67,841 in revenue against only $9,945 in expenses, leading to a significant increase in assets to $107,989. This indicates strong financial management and an ability to build reserves. The organization consistently reports zero liabilities, which is a strong indicator of financial stability and low risk. While the organization's revenue has fluctuated over the years, the recent period shows a very efficient use of funds, with expenses being a small fraction of revenue. The absence of officer compensation also suggests a volunteer-driven model, which can contribute to lower administrative costs and a higher proportion of funds directed towards programs.