Is Maine Independent Colleges Association…

Quick charity verification for Maine Independent Colleges Association (EIN: 10376503)

Spending Breakdown

How Maine Independent Colleges Association allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

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 Independent Colleges Association

Is Maine Independent Colleges Association a legitimate charity?

Based on AI analysis of IRS 990 filings, Maine Independent Colleges Association (EIN: 10376503) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.

Is Maine Independent Colleges Association a good charity to donate to?

Maine Independent Colleges Association has a Mission Score of 60/100. Revenue: $111K. Assets: $57K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Maine Independent Colleges Association?

The Employer Identification Number (EIN) for Maine Independent Colleges Association is 10376503. 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 Independent Colleges Association spend its money?

Maine Independent Colleges Association allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Maine Independent Colleges Association's tax-exempt status?

You can verify Maine Independent Colleges Association's tax-exempt status using EIN 10376503 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 Independent Colleges Association (MICA) exhibits inconsistent financial performance over the past seven years, with revenues fluctuating significantly. For instance, revenue dropped from $100,021 in 2021 to $8,008 in 2023, while expenses in 2023 ($38,803) far exceeded revenue, indicating a substantial operating deficit. This pattern of expenses frequently exceeding revenue, as seen in 2023, 2022, 2020, 2019, and 2017, raises concerns about long-term financial sustainability. The organization's assets are relatively modest at $57,453, and the consistent reporting of zero liabilities is a positive indicator of financial solvency, suggesting they are not accumulating debt.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the recurring operational deficits suggest that the organization may struggle with managing expenses relative to its incoming funds. The absence of reported officer compensation across all filings indicates either a volunteer-led executive team or compensation below reporting thresholds, which can be a sign of efficient use of funds for smaller organizations. Transparency appears adequate given the available data, with consistent filing of IRS Form 990s.

Overall, MICA demonstrates a need for more stable revenue generation or tighter expense control to ensure its financial health. While it maintains a clean balance sheet with no liabilities, the frequent and sometimes significant operating losses, such as the $30,795 deficit in 2023, are a primary concern for its financial stability and ability to consistently deliver on its mission.

Is Maine Independent Colleges Association Legit?

Verdict: Maine Independent Colleges Association shows mixed signals

Red Flags

Strengths