Quick charity verification for Maine Psychological Association (EIN: 10486021)
Verdict: Maine Psychological Association appears trustworthy
85/100Mission Score
$79KRevenue
$117KAssets
1Red Flags
5Strengths
Red Flags
NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
Consistent growth in assets, from $62,899 in 2014 to $103,507 in 2023.
Zero reported liabilities across all 13 filings, indicating a debt-free operation.
0% officer compensation reported, suggesting highly efficient use of funds for leadership.
Consistent filing of IRS 990s over 13 periods, demonstrating good transparency and compliance.
Stable revenue streams generally covering expenses over the long term.
Spending Breakdown
How Maine Psychological Association allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Psychological Association
Is Maine Psychological Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Psychological Association (EIN: 10486021) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Maine Psychological Association a good charity to donate to?
Maine Psychological Association has a Mission Score of 85/100. Revenue: $79K. Assets: $117K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Psychological Association?
The Employer Identification Number (EIN) for Maine Psychological Association is 10486021. 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 Psychological Association spend its money?
Maine Psychological Association allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Psychological Association's tax-exempt status?
You can verify Maine Psychological Association's tax-exempt status using EIN 10486021 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 Psychological Association demonstrates consistent financial activity, with annual revenues and expenses generally fluctuating around the $70,000-$90,000 range over the past decade. The organization maintains a healthy asset base, which has steadily grown from $62,899 in 2014 to $103,507 in 2023, indicating good financial stewardship and reserves. A notable strength is the consistent reporting of zero liabilities across all available filings, suggesting a debt-free operation.
Spending efficiency appears reasonable, though specific program spending details are not provided in the summary data. However, the absence of officer compensation reported across all filings suggests that the organization is likely run by volunteers or compensated through other means not categorized as officer compensation, which can contribute to lower administrative overhead. The organization's financial health appears stable, with assets consistently exceeding liabilities and revenues generally covering expenses, although 2023 saw expenses ($87,570) slightly exceed revenue ($79,040).
Transparency is generally good given the availability of 13 years of IRS 990 filings. The consistent reporting of key financial metrics allows for a clear trend analysis. The lack of reported officer compensation is a positive indicator for a small organization, suggesting resources are not being diverted to high executive salaries. Overall, the Maine Psychological Association appears to be a financially stable and responsibly managed small nonprofit.