Is Maine Manufacturers Career And Training Foundation Legit?
Quick charity verification for Maine Manufacturers Career And Training Foundation (EIN: 10544561)
Verdict: Maine Manufacturers Career And Training Foundation appears trustworthy
92/100Mission Score
$43KRevenue
$226KAssets
1Red Flags
5Strengths
Red Flags
Significant expense spike in 2019 ($117,120) relative to revenue ($22,434) without clear explanation in provided data.
Strengths
Consistent financial stability with growing assets.
Zero reported officer compensation, indicating volunteer leadership.
Minimal to no liabilities across all filing periods.
High efficiency with no reported fundraising expenses.
Expenses generally well below revenue, allowing for asset accumulation.
Spending Breakdown
How Maine Manufacturers Career And Training Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Manufacturers Career And Training Foundation
Is Maine Manufacturers Career And Training Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Manufacturers Career And Training Foundation (EIN: 10544561) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Maine Manufacturers Career And Training Foundation a good charity to donate to?
Maine Manufacturers Career And Training Foundation has a Mission Score of 92/100. Revenue: $43K. Assets: $226K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Manufacturers Career And Training Foundation?
The Employer Identification Number (EIN) for Maine Manufacturers Career And Training Foundation is 10544561. 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 Manufacturers Career And Training Foundation spend its money?
Maine Manufacturers Career And Training Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Manufacturers Career And Training Foundation's tax-exempt status?
You can verify Maine Manufacturers Career And Training Foundation's tax-exempt status using EIN 10544561 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 Manufacturers Career And Training Foundation demonstrates consistent financial stability with a healthy asset base relative to its revenue. For example, in 2023, with revenue of $18,773, the organization held assets of $201,606. The organization consistently spends less than its revenue in most years, allowing for asset growth. Its liabilities have been minimal or non-existent across all reported periods, indicating strong financial management and low debt risk. The absence of reported officer compensation across all filings suggests a volunteer-driven leadership, which contributes to efficient use of funds for its mission. The organization's financial health appears robust for its size, with a clear focus on maintaining a strong balance sheet.