Is Maine Fiberarts Legit?

Spending Breakdown

How Maine Fiberarts 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 Fiberarts

Is Maine Fiberarts a legitimate charity?

Based on AI analysis of IRS 990 filings, Maine Fiberarts (EIN: 10539738) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Maine Fiberarts a good charity to donate to?

Maine Fiberarts has a Mission Score of 75/100. Revenue: $60K. Assets: $24K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Maine Fiberarts?

The Employer Identification Number (EIN) for Maine Fiberarts is 10539738. 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 Fiberarts spend its money?

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

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

You can verify Maine Fiberarts's tax-exempt status using EIN 10539738 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 Fiberarts demonstrates consistent financial activity, with annual revenues generally fluctuating between $40,000 and $85,000 over the past decade. The organization's assets have remained relatively modest, peaking at $36,625 in 2018 and currently standing at $24,202. A notable aspect of its financial health is the absence of liabilities across all reported periods, indicating a debt-free operation. However, the organization has frequently reported expenses exceeding revenue, such as in 2023 ($70,351 expenses vs. $60,346 revenue) and 2022 ($84,738 expenses vs. $79,707 revenue), which could lead to a gradual depletion of reserves if not balanced over time.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of zero officer compensation across all filings suggests a lean operational model, likely relying heavily on volunteer efforts or very modest staff salaries not classified as officer compensation. This could indicate a high proportion of funds directly supporting its mission, assuming other operational costs are kept in check.

In terms of transparency, the organization has a robust filing history with 13 IRS 990 filings, demonstrating a commitment to public disclosure. The consistent reporting of zero liabilities is a positive indicator of financial straightforwardness. While specific expense categories are not detailed here, the overall pattern suggests a small, community-focused organization with a clear record of its financial activities.

Verdict: Maine Fiberarts appears trustworthy

Red Flags

Strengths