Consistent and transparent IRS 990 filing history (10 filings).
High percentage of expenses directed towards programmatic activities.
Spending Breakdown
How Machias Savings Bank Community Development Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Machias Savings Bank Community Development Foundation
Is Machias Savings Bank Community Development Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Machias Savings Bank Community Development Foundation (EIN: 10514175) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Machias Savings Bank Community Development Foundation a good charity to donate to?
Machias Savings Bank Community Development Foundation has a Mission Score of 95/100. Revenue: $4.2M. Assets: $3.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Machias Savings Bank Community Development Foundation?
The Employer Identification Number (EIN) for Machias Savings Bank Community Development Foundation is 10514175. 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 Machias Savings Bank Community Development Foundation spend its money?
Machias Savings Bank Community Development Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Machias Savings Bank Community Development Foundation's tax-exempt status?
You can verify Machias Savings Bank Community Development Foundation's tax-exempt status using EIN 10514175 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
Machias Savings Bank Community Development Foundation demonstrates a strong commitment to its mission through consistent program spending and efficient operations. In the latest filing period (202312), the organization reported expenses of $249,466 against revenues of $253,476, indicating a balanced financial year. Over the past five years, the foundation has shown significant growth in assets, from $3,064,968 in 2019 to $3,404,153 in 2023, suggesting sound financial management and asset accumulation. The consistent reporting of zero officer compensation across all available filings highlights a volunteer-driven leadership model, which contributes to lower administrative costs and greater resource allocation towards programmatic activities.
The foundation's financial health appears robust, with assets significantly outweighing liabilities (consistently reported as $1). While revenue has fluctuated, with a notable peak of $1,197,760 in 2019 and a dip to negative revenue in 2022, the overall trend shows a capacity to generate funds to support its operations. The NTEE code T20Z, indicating a community development financial institution, aligns with its name and suggests a focus on local economic growth and support. The organization's transparency is high, with 10 years of consistent IRS 990 filings available, providing a clear historical financial picture.
Spending efficiency is a key strength, primarily due to the absence of executive compensation. This allows a very high percentage of expenses to be directed towards programs and necessary administrative functions. The foundation's ability to maintain substantial assets while incurring minimal liabilities further underscores its financial stability and prudent management. This structure positions the organization well to continue its community development efforts effectively.