Quick charity verification for Katahdin Friends Inc (EIN: 10267689)
Verdict: Katahdin Friends Inc appears trustworthy
92/100Mission Score
$8.1MRevenue
$7.6MAssets
1Red Flags
5Strengths
Red Flags
Unusually low or zero reported officer compensation across all filings, which might warrant further investigation into how leadership is compensated if not volunteer-based.
Strengths
Strong program spending ratio, consistently above 90% in recent years (e.g., 90% in 202406).
Consistent revenue growth over the past five years, from $6.19 million in 2020 to $8.00 million in 2024.
Healthy and growing asset base, nearly doubling from $3.86 million in 2020 to $6.86 million in 2024.
Zero reported officer compensation across all available filings, indicating high efficiency or volunteer leadership.
Manageable liabilities relative to assets, demonstrating good financial management.
Spending Breakdown
How Katahdin Friends Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Katahdin Friends Inc
Is Katahdin Friends Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Katahdin Friends Inc (EIN: 10267689) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Katahdin Friends Inc a good charity to donate to?
Katahdin Friends Inc has a Mission Score of 92/100. Revenue: $8.1M. Assets: $7.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Katahdin Friends Inc?
The Employer Identification Number (EIN) for Katahdin Friends Inc is 10267689. 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 Katahdin Friends Inc spend its money?
Katahdin Friends Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Katahdin Friends Inc's tax-exempt status?
You can verify Katahdin Friends Inc's tax-exempt status using EIN 10267689 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
Katahdin Friends Inc. demonstrates consistent financial growth and strong program spending based on its IRS 990 filings. Over the past five years, revenue has steadily increased from $6.19 million in 2020 to $8.00 million in 2024, indicating a growing capacity to deliver on its mission. The organization consistently spends a high percentage of its total expenses on programs, with a notable 90% in the latest filing period (202406), suggesting efficient use of funds directly towards its charitable purpose. This strong program ratio is a key indicator of financial health and commitment to mission.
The organization's assets have also shown significant growth, nearly doubling from $3.86 million in 2020 to $6.86 million in 2024, providing a solid financial foundation. Liabilities have remained manageable relative to assets, indicating good financial stewardship. A significant positive aspect is the reported 0% officer compensation across all available filings, which enhances transparency and suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for a nonprofit.
Overall, Katahdin Friends Inc. appears to be a financially healthy and efficient organization. Its consistent revenue growth, strong program spending, increasing asset base, and lack of reported officer compensation contribute to a positive assessment of its financial management and transparency. The organization's financial trajectory suggests a well-managed entity capable of sustaining and expanding its operations.