Quick charity verification for Maine Optometric Association (EIN: 10366667)
Verdict: Maine Optometric Association appears trustworthy
85/100Mission Score
$414KRevenue
$1.4MAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
Strengths
Consistent 0% officer compensation
Healthy growth in assets over the past decade (from $569,184 in 2014 to $1,249,423 in 2023)
Generally stable revenue and expense management
Low liabilities relative to assets
Spending Breakdown
How Maine Optometric 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 Optometric Association
Is Maine Optometric Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Optometric Association (EIN: 10366667) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Maine Optometric Association a good charity to donate to?
Maine Optometric Association has a Mission Score of 85/100. Revenue: $414K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Optometric Association?
The Employer Identification Number (EIN) for Maine Optometric Association is 10366667. 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 Optometric Association spend its money?
Maine Optometric Association allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Optometric Association's tax-exempt status?
You can verify Maine Optometric Association's tax-exempt status using EIN 10366667 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 Optometric Association demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past decade. In the most recent filing (202312), the organization reported revenues of $338,469 against expenses of $317,671, indicating a modest surplus. Assets have shown growth, reaching $1,249,423 in 2023, up from $569,184 in 2014, suggesting prudent financial management and accumulation of reserves. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds, contributing positively to its financial health and transparency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging.