Quick charity verification for Maine Credit Union League (EIN: 10248224)
Verdict: Maine Credit Union League appears trustworthy
85/100Mission Score
$2.6MRevenue
$4.1MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
0% officer compensation is unusual for an organization of this revenue size and could indicate compensation is reported elsewhere or a unique operational model.
Growing asset base, demonstrating financial health and capacity ($3,941,430 in 2023).
Very low liabilities relative to assets, suggesting strong solvency ($156,242 liabilities vs. $3,941,430 assets in 2023).
Reported 0% officer compensation, indicating high transparency or a highly efficient, volunteer-driven leadership.
Spending Breakdown
How Maine Credit Union League allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Credit Union League
Is Maine Credit Union League a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Credit Union League (EIN: 10248224) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Maine Credit Union League a good charity to donate to?
Maine Credit Union League has a Mission Score of 85/100. Revenue: $2.6M. Assets: $4.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Credit Union League?
The Employer Identification Number (EIN) for Maine Credit Union League is 10248224. 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 Credit Union League spend its money?
Maine Credit Union League allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Credit Union League's tax-exempt status?
You can verify Maine Credit Union League's tax-exempt status using EIN 10248224 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 Credit Union League demonstrates consistent financial stability with revenues generally exceeding expenses over the past decade. In 2023, the organization reported revenues of $1,960,888 against expenses of $1,829,949, resulting in a surplus. Assets have shown steady growth, reaching $3,941,430 in 2023, indicating a healthy financial position. The organization's liabilities are relatively low compared to its assets, suggesting good financial management and solvency.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent surpluses suggest that the organization is managing its overall expenditures effectively within its revenue streams. The reported 0% officer compensation across all filings indicates a high degree of transparency and potentially a volunteer-led or very lean executive structure, which is a positive sign for donor confidence.
Overall, the Maine Credit Union League appears to be a financially sound organization with a history of responsible fiscal management. The absence of reported officer compensation is a notable strength in terms of transparency and efficient use of funds. Further detailed expense breakdowns would provide a more granular view of spending efficiency across different categories.