Quick charity verification for Maine Childrens Trust Inc (EIN: 10492479)
Verdict: Maine Childrens Trust Inc appears trustworthy
92/100Mission Score
$12.9MRevenue
$4.3MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation for an organization of this size is highly unusual and may indicate a complex compensation structure not fully transparent on the 990.
Strengths
Consistent and significant revenue growth, from $1.39M in 2014 to $12.04M in 2023, indicating strong financial support and program expansion.
Strong program spending, with expenses consistently close to revenue, suggesting a high percentage of funds are directed towards mission-related activities.
Healthy asset growth, with assets increasing from $1.13M in 2014 to $4.84M in 2023, demonstrating financial stability.
Low liabilities relative to assets, indicating a sound financial position and limited debt burden.
Spending Breakdown
How Maine Childrens Trust Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
4%
Admin Costs
Reasonable — admin costs in check
1%
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 Childrens Trust Inc
Is Maine Childrens Trust Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Childrens Trust Inc (EIN: 10492479) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Maine Childrens Trust Inc a good charity to donate to?
Maine Childrens Trust Inc has a Mission Score of 92/100. Revenue: $12.9M. Assets: $4.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Childrens Trust Inc?
The Employer Identification Number (EIN) for Maine Childrens Trust Inc is 10492479. 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 Childrens Trust Inc spend its money?
Maine Childrens Trust Inc allocates 95% to programs, 4% to administration, and 1% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Childrens Trust Inc's tax-exempt status?
You can verify Maine Childrens Trust Inc's tax-exempt status using EIN 10492479 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
Maine Childrens Trust Inc demonstrates consistent financial growth and strong program focus. Over the past decade, the organization's revenue has significantly increased from $1,391,255 in 2014 to $12,044,474 in 2023, indicating robust fundraising and operational expansion. The organization consistently spends nearly all of its revenue on expenses, with a very tight operating margin, for example, in 2023, expenses were $11,923,415 against revenues of $12,044,474. This suggests efficient use of funds directly for its mission rather than accumulating large surpluses.
The organization's financial health appears stable, with assets growing from $1,131,866 in 2014 to $4,844,872 in 2023, outpacing liabilities. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards programs rather than executive salaries. This practice, while unusual, suggests a highly volunteer-driven or externally compensated leadership structure, which merits further inquiry for complete understanding but is positive on its face.
Overall, Maine Childrens Trust Inc appears to be a financially sound and efficient organization, effectively managing its resources to deliver on its mission. Its growth trajectory and spending patterns suggest a well-managed entity focused on program delivery, with a notable commitment to minimizing executive compensation.