Quick charity verification for Maine Medical Education Foundation (EIN: 16017053)
Verdict: Maine Medical Education Foundation appears trustworthy
90/100Mission Score
$590KRevenue
$4.8MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
Stable and substantial asset base ($4.8 million) providing financial security.
Low liabilities across all filing periods, demonstrating sound financial management.
Latest revenue of $590,353 significantly exceeds expenses, indicating financial health and growth potential.
Consistent IRS 990 filings over many years, showing strong transparency.
Spending Breakdown
How Maine Medical Education Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Medical Education Foundation
Is Maine Medical Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Medical Education Foundation (EIN: 16017053) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Maine Medical Education Foundation a good charity to donate to?
Maine Medical Education Foundation has a Mission Score of 90/100. Revenue: $590K. Assets: $4.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Medical Education Foundation?
The Employer Identification Number (EIN) for Maine Medical Education Foundation is 16017053. 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 Medical Education Foundation spend its money?
Maine Medical Education Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Medical Education Foundation's tax-exempt status?
You can verify Maine Medical Education Foundation's tax-exempt status using EIN 16017053 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 Medical Education Foundation demonstrates a consistent commitment to its mission, as evidenced by its stable asset base of approximately $4.5 million over the past decade, reaching $4,801,389 in the latest period. While revenue has fluctuated significantly, from a low of $53,962 in 2016 to a high of $543,922 in 2018 and $590,353 in the latest period, the organization has maintained relatively stable expenses, typically ranging between $113,400 and $209,341. This suggests a prudent approach to spending, even during periods of lower income. The organization's financial health appears sound, supported by its substantial assets relative to its annual expenses.
Spending efficiency is a notable strength, with a significant portion of its expenditures directed towards program services. The absence of reported officer compensation across all available filings indicates a volunteer-driven or very lean administrative structure, which contributes to higher efficiency. The organization's liabilities have generally remained low, indicating good financial management and minimal debt burden. The latest period's revenue of $590,353 significantly outpaced expenses, suggesting a period of growth or successful fundraising.
Transparency is high, particularly given the consistent reporting of zero officer compensation, which is a strong indicator of resources being directed to the mission rather than executive salaries. The consistent filing of IRS Form 990s over many years further enhances its transparency. The organization's financial stability, low liabilities, and efficient use of funds, as reflected in its filings, paint a picture of a well-managed and mission-focused nonprofit.