Quick charity verification for Maine Share (EIN: 10444245)
Verdict: Maine Share shows mixed signals
65/100Mission Score
$152KRevenue
$7KAssets
3Red Flags
3Strengths
Red Flags
Dramatic decline in assets from $818,973 (2014) to $6,720 (2021) without clear explanation.
Liabilities also significantly decreased, suggesting a major restructuring or divestment.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Strengths
Consistent revenue generation, averaging around $160,000 annually.
0% reported officer compensation, indicating efficient use of funds for mission.
Expenses generally managed below or near revenue in recent years, e.g., $109,199 expenses vs. $152,296 revenue in 2021.
Spending Breakdown
How Maine Share 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 Share
Is Maine Share a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Share (EIN: 10444245) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Maine Share a good charity to donate to?
Maine Share has a Mission Score of 65/100. Revenue: $152K. Assets: $7K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Share?
The Employer Identification Number (EIN) for Maine Share is 10444245. 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 Share spend its money?
Maine Share allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Share's tax-exempt status?
You can verify Maine Share's tax-exempt status using EIN 10444245 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 Share demonstrates consistent revenue generation, averaging around $160,000 annually over the past decade. However, a significant concern is the dramatic decline in assets from a high of $818,973 in 2014 to a mere $6,720 in 2021, coupled with a corresponding reduction in liabilities. This suggests a substantial restructuring or divestment of assets, which warrants further investigation to understand the long-term implications for the organization's stability and capacity to deliver on its mission. The organization consistently reports 0% officer compensation, which is a positive indicator of resource allocation directly to operations rather than executive salaries.
Spending efficiency appears to be reasonable, with expenses generally tracking below or slightly above revenue in recent years. For instance, in 2021, expenses were $109,199 against revenues of $152,296, indicating a surplus. However, the lack of detailed program, administrative, and fundraising expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging. The drastic change in asset base is the most prominent financial event, and without further context, it raises questions about the organization's operational model and future financial health.
Transparency regarding executive compensation is excellent, with 0% reported. However, the significant shift in asset base without additional context from the provided data limits a full transparency assessment. A deeper dive into the 990 forms themselves would be necessary to understand the nature of the asset reduction and whether it was a planned strategic move or a response to financial distress. The consistent filing of 990s indicates a commitment to regulatory transparency.