Is Maine Society Of Certified Public Accountants Legit?
Quick charity verification for Maine Society Of Certified Public Accountants (EIN: 10339969)
Verdict: Maine Society Of Certified Public Accountants appears trustworthy
85/100Mission Score
$205KRevenue
$678KAssets
1Red Flags
4Strengths
Red Flags
Occasional operating deficits where expenses exceed revenue (e.g., 202405, 202305, 201705, 201605, 201505) could indicate a need for tighter budget management or increased revenue generation.
Strengths
Consistent financial transparency with 14 IRS 990 filings.
Zero reported officer compensation across all filings, indicating efficient use of funds or volunteer leadership.
Stable and growing asset base, reaching $696,900 in 202405, providing financial resilience.
Low liabilities relative to assets, suggesting good financial management (e.g., $64,941 liabilities vs. $696,900 assets in 202405).
Spending Breakdown
How Maine Society Of Certified Public Accountants 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 Society Of Certified Public Accountants
Is Maine Society Of Certified Public Accountants a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Society Of Certified Public Accountants (EIN: 10339969) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Maine Society Of Certified Public Accountants a good charity to donate to?
Maine Society Of Certified Public Accountants has a Mission Score of 85/100. Revenue: $205K. Assets: $678K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Society Of Certified Public Accountants?
The Employer Identification Number (EIN) for Maine Society Of Certified Public Accountants is 10339969. 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 Society Of Certified Public Accountants spend its money?
Maine Society Of Certified Public Accountants allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Society Of Certified Public Accountants's tax-exempt status?
You can verify Maine Society Of Certified Public Accountants's tax-exempt status using EIN 10339969 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 Society Of Certified Public Accountants demonstrates consistent financial operations, with annual revenues generally fluctuating between $150,000 and $220,000 over the past decade. The organization's assets have shown growth, reaching $696,900 in the latest filing period (202405), indicating a stable financial base. While the organization has experienced periods where expenses exceeded revenue, such as in 202405 ($211,588 expenses vs. $195,271 revenue) and 202305 ($197,247 expenses vs. $169,110 revenue), these deficits appear manageable given its asset base. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which is a positive indicator for resource allocation.
The organization's NTEE code B50C (Professional Societies & Associations) suggests its primary activities are likely member services, advocacy, and professional development. Without detailed expense breakdowns, it's challenging to precisely assess spending efficiency between programs, administration, and fundraising. However, the absence of reported officer compensation implies a significant portion of resources is likely directed towards its mission or operational support rather than high executive salaries. The consistent filing of IRS Form 990s over 14 periods demonstrates a commitment to regulatory compliance and financial transparency.