Is Maine Manufacturing Extension…

Quick charity verification for Maine Manufacturing Extension Partnership (EIN: 10518745)

Strengths

Consistent 0% officer compensation, indicating high efficiency and dedication of resources to mission.
Healthy asset growth from $991,574 in 2020 to $1,491,402 in 2024, demonstrating strong financial management.
Significant reduction in liabilities from $880,662 in 2015 to $106,086 in 2024, improving financial stability.
Expenses closely track revenue, suggesting efficient use of funds for programmatic activities (e.g., 2024 revenue $2,216,755 vs. expenses $2,186,099).
Long and consistent filing history (14 filings), indicating transparency and stable operations.

Spending Breakdown

How Maine Manufacturing Extension Partnership allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

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 Manufacturing Extension Partnership

Is Maine Manufacturing Extension Partnership a legitimate charity?

Based on AI analysis of IRS 990 filings, Maine Manufacturing Extension Partnership (EIN: 10518745) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Maine Manufacturing Extension Partnership a good charity to donate to?

Maine Manufacturing Extension Partnership has a Mission Score of 95/100. Revenue: $2.2M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Maine Manufacturing Extension Partnership?

The Employer Identification Number (EIN) for Maine Manufacturing Extension Partnership is 10518745. 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 Manufacturing Extension Partnership spend its money?

Maine Manufacturing Extension Partnership allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Maine Manufacturing Extension Partnership's tax-exempt status?

You can verify Maine Manufacturing Extension Partnership's tax-exempt status using EIN 10518745 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 Manufacturing Extension Partnership (MEP) demonstrates consistent financial health and a strong commitment to its mission, as evidenced by its IRS 990 filings. The organization consistently maintains a healthy asset base, with assets growing from $991,574 in 2020 to $1,491,402 in 2024, indicating sound financial management and capacity. Its liabilities have also been well-managed, showing a significant reduction from $880,662 in 2015 to $106,086 in 2024, which is a positive indicator of financial stability and reduced debt burden.

Spending efficiency appears robust, with expenses generally tracking closely to revenue, suggesting that the organization is effectively utilizing its resources to deliver programs. For instance, in 2024, expenses were $2,186,099 against revenues of $2,216,755, indicating that the vast majority of funds are deployed annually. The consistent reporting of 0% officer compensation across all available filings is a significant positive for transparency and demonstrates that executive leadership is not drawing a salary from the organization, which is highly unusual and commendable for a nonprofit of this size. This practice strongly suggests that resources are being directed towards programmatic activities rather than administrative overhead.

Overall, Maine MEP exhibits a high degree of financial transparency through its consistent and detailed 990 filings. The absence of officer compensation, coupled with stable revenue and asset growth, paints a picture of a well-managed and mission-focused organization. Its financial practices suggest a strong dedication to maximizing the impact of its funding for its stated purpose of manufacturing extension.

Is Maine Manufacturing Extension Partnership Legit?

Verdict: Maine Manufacturing Extension Partnership appears trustworthy