Quick charity verification for Lake Stewards Of Maine (EIN: 10502630)
Verdict: Lake Stewards Of Maine appears trustworthy
92/100Mission Score
$513KRevenue
$659KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $298,250 in 2014 to $666,473 in 2023.
Significant asset growth, from $221,525 in 2014 to $907,887 in 2023, indicating strong financial health.
0% officer compensation reported across all filings, demonstrating high transparency and dedication to mission spending.
Healthy surplus in recent years (e.g., $79,574 in 202312), contributing to asset accumulation.
Low liabilities relative to assets, indicating sound financial management and low debt burden.
Spending Breakdown
How Lake Stewards Of Maine allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Lake Stewards Of Maine
Is Lake Stewards Of Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Stewards Of Maine (EIN: 10502630) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Lake Stewards Of Maine a good charity to donate to?
Lake Stewards Of Maine has a Mission Score of 92/100. Revenue: $513K. Assets: $659K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lake Stewards Of Maine?
The Employer Identification Number (EIN) for Lake Stewards Of Maine is 10502630. 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 Lake Stewards Of Maine spend its money?
Lake Stewards Of Maine allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lake Stewards Of Maine's tax-exempt status?
You can verify Lake Stewards Of Maine's tax-exempt status using EIN 10502630 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
Lake Stewards Of Maine demonstrates consistent financial growth and strong program focus over the past decade. In the latest filing (202312), the organization reported revenue of $666,473 against expenses of $586,899, indicating a healthy surplus. Their assets have also shown significant growth, increasing from $221,525 in 2014 to $907,887 in 2023, suggesting sound financial management and accumulation of resources for future operations.
The organization's spending efficiency appears robust, with a high percentage of expenses directed towards program services. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards their mission rather than executive salaries. This practice, combined with a steady increase in assets and a manageable level of liabilities, paints a picture of a financially responsible and well-managed nonprofit.
Overall, Lake Stewards Of Maine exhibits strong financial health, efficient spending, and a high degree of transparency, particularly concerning executive compensation. Their consistent growth in revenue and assets, coupled with a clear dedication to their mission through program spending, positions them as a financially sound organization.