Is Maine Cancer Foundation Legit?

Quick charity verification for Maine Cancer Foundation (EIN: 10351077)

Verdict: Maine Cancer Foundation appears trustworthy

85/100Mission Score

$5.9MRevenue

$7.2MAssets

2Red Flags

4Strengths

Red Flags

Significant deficit spending in certain years (e.g., 201712 with expenses $4.8M vs. revenue $3.6M, and 202212 with expenses $3.1M vs. revenue $2.8M).
Unusually consistent 0% officer compensation, which may warrant further inquiry into how executive leadership is compensated or structured.

Strengths

Consistent reporting of 0% officer compensation, suggesting high efficiency in directing funds to mission.
Strong asset base, consistently above $6 million, providing financial stability.
Positive revenue growth in recent years, with 202312 revenue ($3.3M) exceeding expenses ($3.2M).
Low liabilities relative to assets, indicating good financial health (e.g., 202312 liabilities $1.2M vs. assets $6.8M).

Spending Breakdown

How Maine Cancer Foundation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

10%

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 Cancer Foundation

Is Maine Cancer Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Maine Cancer Foundation (EIN: 10351077) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Maine Cancer Foundation a good charity to donate to?

Maine Cancer Foundation has a Mission Score of 85/100. Revenue: $5.9M. Assets: $7.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Maine Cancer Foundation?

The Employer Identification Number (EIN) for Maine Cancer Foundation is 10351077. 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 Cancer Foundation spend its money?

Maine Cancer Foundation allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Maine Cancer Foundation's tax-exempt status?

You can verify Maine Cancer Foundation's tax-exempt status using EIN 10351077 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 Cancer Foundation demonstrates a generally stable financial position with assets consistently above $5 million, reaching $7,173,771 in the latest available data. The organization has shown a positive trend in revenue and expenses in recent years, with revenue of $3,340,864 exceeding expenses of $3,235,750 in the 202312 period, indicating sound financial management. However, there have been periods of deficit spending, such as in 202212 where expenses ($3,163,165) surpassed revenue ($2,889,037), and more significantly in 201712 where expenses ($4,835,741) far exceeded revenue ($3,664,593).

Spending efficiency appears to be reasonable, though a detailed functional expense breakdown is needed for a precise assessment. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the mission rather than executive salaries, which is a positive indicator of transparency and donor trust. The organization's liabilities have fluctuated but remain manageable relative to its assets, with liabilities at $1,261,663 against assets of $6,867,234 in 202312.

Overall, the Maine Cancer Foundation appears to be a financially healthy organization with a good track record of managing its resources. The absence of reported officer compensation is a significant strength regarding transparency and efficiency. While some years show expenses exceeding revenue, the overall trend and asset base suggest a resilient and well-managed nonprofit.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.