Is Maine Association Of Mortgage…

Quick charity verification for Maine Association Of Mortgage Professionals (EIN: 10403673)

Spending Breakdown

How Maine Association Of Mortgage Professionals allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Mortgage Professionals

Is Maine Association Of Mortgage Professionals a legitimate charity?

Based on AI analysis of IRS 990 filings, Maine Association Of Mortgage Professionals (EIN: 10403673) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Maine Association Of Mortgage Professionals a good charity to donate to?

Maine Association Of Mortgage Professionals has a Mission Score of 85/100. Revenue: $116K. Assets: $53K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Maine Association Of Mortgage Professionals?

The Employer Identification Number (EIN) for Maine Association Of Mortgage Professionals is 10403673. 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 Mortgage Professionals spend its money?

Maine Association Of Mortgage Professionals allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Maine Association Of Mortgage Professionals's tax-exempt status?

You can verify Maine Association Of Mortgage Professionals's tax-exempt status using EIN 10403673 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 Mortgage Professionals demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, indicating a stable operational footing. For instance, in 2023, revenue was $110,488 against expenses of $94,437, resulting in a surplus. The organization's assets have shown growth, increasing from $11,364 in 2021 to $58,506 in 2023, suggesting prudent financial management and accumulation of reserves. Liabilities have also increased, reaching $29,431 in 2023, which warrants monitoring but is not immediately concerning given the asset growth.

The organization's spending efficiency appears reasonable for a professional association, with no reported officer compensation, which is a positive indicator of volunteer leadership or very modest operational costs. The NTEE code S41 (Professional Societies & Associations) suggests that a significant portion of expenses would likely be directed towards member services, advocacy, and professional development, which are considered programmatic for such entities. Without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging, but the overall financial health appears sound.

Transparency is generally good given the availability of 12 years of IRS 990 filings. The consistent filing history allows for a clear trend analysis of revenue, expenses, and assets. The absence of officer compensation reported on the 990s enhances transparency regarding executive pay, indicating that leadership is likely unpaid or compensated below the reporting threshold, which is common for smaller professional associations.

Is Maine Association Of Mortgage Professionals Legit?

Verdict: Maine Association Of Mortgage Professionals appears trustworthy

Red Flags

Strengths