Is Maine Appartment Owners And Managers Association Inc Legit?
Quick charity verification for Maine Appartment Owners And Managers Association Inc (EIN: 20654727)
Verdict: Maine Appartment Owners And Managers Association Inc appears trustworthy
85/100Mission Score
$12KRevenue
$60KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent growth in assets, from $35,890 in 201108 to $59,784 in 201908, indicating strong financial management.
Zero liabilities reported across all filings, demonstrating excellent financial health and no reliance on debt.
0% officer compensation reported consistently, suggesting highly efficient operations and a strong focus on directing funds to mission.
Positive net revenue in most recent periods, with $12,291 revenue against $9,969 expenses in 201908.
Consistent IRS 990 filing history over nine periods, indicating good transparency and compliance.
Spending Breakdown
How Maine Appartment Owners And Managers Association Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Maine Appartment Owners And Managers Association Inc
Is Maine Appartment Owners And Managers Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Appartment Owners And Managers Association Inc (EIN: 20654727) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Maine Appartment Owners And Managers Association Inc a good charity to donate to?
Maine Appartment Owners And Managers Association Inc has a Mission Score of 85/100. Revenue: $12K. Assets: $60K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Appartment Owners And Managers Association Inc?
The Employer Identification Number (EIN) for Maine Appartment Owners And Managers Association Inc is 20654727. 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 Maine Appartment Owners And Managers Association Inc spend its money?
Maine Appartment Owners And Managers Association Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Appartment Owners And Managers Association Inc's tax-exempt status?
You can verify Maine Appartment Owners And Managers Association Inc's tax-exempt status using EIN 20654727 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
Maine Apartment Owners And Managers Association Inc. demonstrates consistent financial stability with a healthy asset base relative to its modest revenue. In the latest filing (201908), the organization reported $12,291 in revenue against $9,969 in expenses, resulting in a surplus that contributes to its growing assets of $59,784. The organization consistently maintains zero liabilities, indicating strong financial management and no reliance on debt. Its revenue has fluctuated over the years, peaking at $25,988 in 201208, but has remained positive in recent periods.
The organization's spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings. This suggests that the organization is likely volunteer-run or has very low overhead for executive functions, allowing a greater proportion of funds to be directed towards its mission. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to precisely assess spending efficiency, but the overall low expense figures relative to revenue are positive indicators. The consistent growth in assets, from $35,890 in 201108 to $59,784 in 201908, further underscores its financial prudence.
Transparency is generally good, with consistent IRS 990 filings available over nine periods. The absence of officer compensation simplifies the analysis and suggests a lean operational model. However, without more detailed expense categories within the 990 filings (which are not provided in the prompt), a deeper dive into how funds are allocated between programs, administration, and fundraising is not possible. The consistent positive net assets and zero liabilities are strong indicators of responsible financial stewardship.