Quick charity verification for Maine Real Estate Development Assn (EIN: 10416849)
Verdict: Maine Real Estate Development Assn appears trustworthy
85/100Mission Score
$650KRevenue
$463KAssets
1Red Flags
5Strengths
Red Flags
NTEE code is unknown, making direct peer comparison difficult without more information on its specific activities.
Strengths
Consistent revenue growth over a decade, from $347,994 in 2014 to $640,845 in 2023.
Zero reported officer compensation across all filings, indicating efficient use of funds or volunteer leadership.
Healthy asset growth and low liabilities, demonstrating strong financial management and stability.
Consistent filing of IRS Form 990s over 12 periods, indicating good transparency practices.
Generally operates with a financial surplus or near break-even, contributing to asset accumulation.
Spending Breakdown
How Maine Real Estate Development Assn allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Real Estate Development Assn
Is Maine Real Estate Development Assn a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Real Estate Development Assn (EIN: 10416849) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Maine Real Estate Development Assn a good charity to donate to?
Maine Real Estate Development Assn has a Mission Score of 85/100. Revenue: $650K. Assets: $463K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Real Estate Development Assn?
The Employer Identification Number (EIN) for Maine Real Estate Development Assn is 10416849. 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 Real Estate Development Assn spend its money?
Maine Real Estate Development Assn allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Real Estate Development Assn's tax-exempt status?
You can verify Maine Real Estate Development Assn's tax-exempt status using EIN 10416849 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 Real Estate Development Assn (MEREDA) demonstrates consistent financial growth and stability over the past decade. In the latest filing (202306), the organization reported revenue of $640,845 against expenses of $606,058, resulting in a surplus. This positive trend is notable, with revenue increasing from $347,994 in 2014 to over $640,000 in 2023, indicating effective fundraising or membership engagement. The organization's assets have also shown steady growth, reaching $366,234 in 2023, while liabilities remain relatively low at $11,450, suggesting a healthy balance sheet.
MEREDA's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive sign for donor confidence. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio cannot be calculated, but the overall financial health suggests responsible management of resources. The consistent filing of IRS Form 990s over 12 periods also points to a commitment to transparency.
While the NTEE code is unknown, which can sometimes hinder direct comparison with peer organizations, MEREDA's financial trajectory and lack of reported officer compensation are positive indicators. The organization consistently operates with a surplus or near break-even, building its asset base, which provides a buffer for future operations. The low liabilities further reinforce its financial prudence.