Quick charity verification for Maine Association Of Agricultural Fairs (EIN: 10363014)
Verdict: Maine Association Of Agricultural Fairs appears trustworthy
85/100Mission Score
$220KRevenue
$141KAssets
2Red Flags
4Strengths
Red Flags
Significant revenue volatility, particularly the sharp drop in 2021 to $6,158, which could impact program stability.
Fluctuating asset base, with a notable drop to $1 in 2022, which could indicate inconsistent financial reserves.
Strengths
Consistent 0% officer compensation, indicating highly efficient use of funds for mission-related activities.
Zero reported liabilities across all filings, demonstrating strong financial health and debt-free operations.
Strong program focus due to minimal administrative overhead from executive salaries.
Comprehensive filing history (13 filings) provides excellent transparency into financial trends.
Spending Breakdown
How Maine Association Of Agricultural Fairs 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 Association Of Agricultural Fairs
Is Maine Association Of Agricultural Fairs a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Association Of Agricultural Fairs (EIN: 10363014) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Maine Association Of Agricultural Fairs a good charity to donate to?
Maine Association Of Agricultural Fairs has a Mission Score of 85/100. Revenue: $220K. Assets: $141K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Association Of Agricultural Fairs?
The Employer Identification Number (EIN) for Maine Association Of Agricultural Fairs is 10363014. 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 Association Of Agricultural Fairs spend its money?
Maine Association Of Agricultural Fairs allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Association Of Agricultural Fairs's tax-exempt status?
You can verify Maine Association Of Agricultural Fairs's tax-exempt status using EIN 10363014 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 Association Of Agricultural Fairs demonstrates a consistent operational pattern with revenues generally covering expenses, though there have been fluctuations. For instance, in 2023, expenses slightly exceeded revenue ($94,616 vs. $92,873), and a more significant deficit occurred in 2021 ($34,568 expenses vs. $6,158 revenue). However, the organization has maintained a healthy asset base, with assets reported at $37,317 in 2023 and a peak of $83,064 in 2014, indicating some financial stability. The absence of reported liabilities across all filings suggests a strong balance sheet and responsible financial management, avoiding debt.
Spending efficiency appears to be a strength, particularly given the consistent reporting of 0% officer compensation, which implies that administrative costs related to executive salaries are non-existent or covered by volunteers. This allows a greater proportion of funds to be directed towards program services. The organization's transparency is high, with 13 filings available, providing a comprehensive historical view of its financial activities. The consistent reporting of zero liabilities is a positive indicator of fiscal prudence.
Overall, while revenue and expense figures fluctuate, the organization maintains a stable financial position with no debt and a strong commitment to directing resources to its mission, as evidenced by the lack of paid executive compensation. This suggests a lean operational model focused on program delivery.