Quick charity verification for Local Solutions (EIN: 222582318)
Verdict: Local Solutions appears trustworthy
75/100Mission Score
$53KRevenue
$248KAssets
2Red Flags
3Strengths
Red Flags
Consistent decline in revenue from $86,104 in 2018 to $27,262 in 2022, raising sustainability concerns.
Significant expense spike in 2016 ($224,670) compared to revenue ($61,930) without clear explanation.
Strengths
Strong and consistent growth in total assets from $106,645 in 2018 to $164,660 in 2022.
Zero reported liabilities in recent years (2015-2018, 2020-2022), indicating financial stability.
Positive net assets across all reported years.
AI Transparency Report
Local Solutions is a unknown nonprofit based in Bar Harbor, Maine, with reported revenue of $53K and assets of $248K. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. • 2022 revenue of $27,262 is a significant drop from $86,104 in 2018.
• Total assets have grown consistently, reaching $164,660 in 2022 from $106,645 in 2018.
• No liabilities reported in 2022, indicating a healthy balance sheet. Executive compensation cannot be assessed as no specific compensation figures are provided in the given data. Revenue has declined -74% across 9 filing periods.