Is Kennebunk Rotary Scholarship Fund Inc…

Quick charity verification for Kennebunk Rotary Scholarship Fund Inc (EIN: 10374097)

Spending Breakdown

How Kennebunk Rotary Scholarship Fund Inc allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Kennebunk Rotary Scholarship Fund Inc

Is Kennebunk Rotary Scholarship Fund Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Kennebunk Rotary Scholarship Fund Inc (EIN: 10374097) appears trustworthy. Mission Score: 98/100. 0 red flags identified, 5 strengths noted.

Is Kennebunk Rotary Scholarship Fund Inc a good charity to donate to?

Kennebunk Rotary Scholarship Fund Inc has a Mission Score of 98/100. Revenue: $1.4M. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Kennebunk Rotary Scholarship Fund Inc?

The Employer Identification Number (EIN) for Kennebunk Rotary Scholarship Fund Inc is 10374097. 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 Kennebunk Rotary Scholarship Fund Inc spend its money?

Kennebunk Rotary Scholarship Fund Inc allocates 95% to programs, 4% to administration, and 1% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Kennebunk Rotary Scholarship Fund Inc's tax-exempt status?

You can verify Kennebunk Rotary Scholarship Fund Inc's tax-exempt status using EIN 10374097 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 Kennebunk Rotary Scholarship Fund Inc. demonstrates strong financial health and a clear commitment to its program services, primarily scholarship distribution. Over the past several years, the organization has consistently maintained low overhead costs relative to its revenue and program expenditures. For instance, in the 202406 period, with revenues of $150,469 and expenses of $60,777, a significant portion of spending appears directed towards its mission. The organization's assets have shown consistent growth, reaching $1,092,618, indicating sound financial management and an increasing capacity to fulfill its mission.

The organization's spending efficiency is commendable, with a very high percentage of its expenses dedicated to program services. The absence of officer compensation across all reported periods is a significant indicator of volunteer-driven leadership, further enhancing its efficiency and ensuring more funds are available for scholarships. This operational model contributes to a high program spending ratio, which is a positive sign for donors looking for impact.

Transparency appears to be a strength, given the consistent filing of IRS Form 990s. The detailed financial history provided allows for a clear understanding of revenue, expenses, and asset growth over time. The consistent growth in assets, from $338,343 in 201406 to over $1 million currently, alongside minimal liabilities, suggests prudent financial stewardship and a focus on long-term sustainability for its scholarship programs.

Is Kennebunk Rotary Scholarship Fund Inc Legit?

Verdict: Kennebunk Rotary Scholarship Fund Inc appears trustworthy

Strengths