Quick charity verification for Maine Aquaculture Innovation Center (EIN: 10467869)
Verdict: Maine Aquaculture Innovation Center appears trustworthy
95/100Mission Score
$2.5MRevenue
$4.1MAssets
1Red Flags
5Strengths
Red Flags
Unusually low or zero reported officer compensation for an organization of this size, which might warrant further investigation into how leadership is compensated or sustained.
Strengths
Consistent 0% officer compensation, indicating high efficiency in resource allocation.
Significant and consistent growth in assets over the past decade, from $765,174 in 2014 to $3,054,001 in 2023.
Healthy financial position with low liabilities relative to assets.
Regular and consistent IRS 990 filing history, demonstrating transparency.
Strong revenue generation in recent periods, such as $1,752,040 in 202306.
Spending Breakdown
How Maine Aquaculture Innovation Center 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 Maine Aquaculture Innovation Center
Is Maine Aquaculture Innovation Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Aquaculture Innovation Center (EIN: 10467869) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Maine Aquaculture Innovation Center a good charity to donate to?
Maine Aquaculture Innovation Center has a Mission Score of 95/100. Revenue: $2.5M. Assets: $4.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Aquaculture Innovation Center?
The Employer Identification Number (EIN) for Maine Aquaculture Innovation Center is 10467869. 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 Aquaculture Innovation Center spend its money?
Maine Aquaculture Innovation Center allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Aquaculture Innovation Center's tax-exempt status?
You can verify Maine Aquaculture Innovation Center's tax-exempt status using EIN 10467869 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 Maine Aquaculture Innovation Center demonstrates strong financial health and a clear commitment to its program services. Over the past few years, the organization has shown significant growth in revenue, particularly in the 202306 period with $1,752,040, and a healthy accumulation of assets, reaching $3,054,001 in the same period. This growth suggests increasing capacity to fulfill its mission. The consistent reporting of 0% officer compensation across all available filings indicates a highly efficient use of funds, with resources directly allocated to operational and programmatic expenses rather than executive salaries.
The organization's spending efficiency appears robust, as evidenced by the absence of executive compensation and the generally lower liabilities compared to assets. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the raw data, the lack of officer compensation is a strong indicator of financial prudence. The substantial increase in assets from $765,174 in 2014 to $3,054,001 in 2023, alongside fluctuating but generally increasing revenues, suggests effective financial management and a sustainable operational model. The organization's transparency is commendable given the consistent filing of IRS 990s and the clear reporting of financial metrics.