Quick charity verification for Maine Barrel Racing Association (EIN: 10455162)
Verdict: Maine Barrel Racing Association appears trustworthy
92/100Mission Score
$8KRevenue
$7KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Zero officer compensation, indicating a volunteer-driven model and high efficiency.
No reported liabilities across all filings, demonstrating strong financial health.
Consistent IRS 990 filing history, showing commitment to transparency.
Stable asset base relative to revenue, indicating sound financial management.
Expenses closely track revenue, suggesting funds are directly applied to mission.
Spending Breakdown
How Maine Barrel Racing Association 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 Barrel Racing Association
Is Maine Barrel Racing Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Barrel Racing Association (EIN: 10455162) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Maine Barrel Racing Association a good charity to donate to?
Maine Barrel Racing Association has a Mission Score of 92/100. Revenue: $8K. Assets: $7K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Barrel Racing Association?
The Employer Identification Number (EIN) for Maine Barrel Racing Association is 10455162. 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 Barrel Racing Association spend its money?
Maine Barrel Racing Association allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Barrel Racing Association's tax-exempt status?
You can verify Maine Barrel Racing Association's tax-exempt status using EIN 10455162 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 Barrel Racing Association operates as a very small, volunteer-run organization, as evidenced by its consistent revenue under $10,000 and zero reported officer compensation across all available filings. This indicates a high degree of financial efficiency in terms of administrative overhead related to salaries. The organization consistently maintains a healthy asset base relative to its revenue, with $6,753 in assets against $7,940 in revenue in 2022, and no reported liabilities, suggesting sound financial management and solvency. Its financial operations are straightforward, with expenses closely tracking revenue, indicating that funds are primarily used for immediate operational needs rather than significant accumulation of reserves.
Spending efficiency appears strong given the lack of paid staff, meaning nearly all expenses are likely directly related to program activities or essential administrative costs like insurance or event permits. For example, in 2022, expenses were $6,388 against $7,940 in revenue, showing that the vast majority of incoming funds are expended on its mission. The organization's consistent filing of IRS Form 990 over many years, despite its small size, demonstrates a commitment to transparency, even if the level of detail in these filings for very small organizations is inherently limited. The absence of officer compensation further reinforces its volunteer-driven model, which is a positive indicator for donor confidence regarding how funds are utilized.
Overall, the Maine Barrel Racing Association exhibits characteristics of a well-managed, transparent, and efficient small nonprofit. Its financial health is stable, with consistent revenue and assets, and no debt. The volunteer structure ensures that financial resources are maximized for its programmatic goals, making it a fiscally responsible entity within its operational scope.