Is Maine Standardbred Breeders & Owners Association Legit?
Quick charity verification for Maine Standardbred Breeders & Owners Association (EIN: 10455296)
Verdict: Maine Standardbred Breeders & Owners Association appears trustworthy
95/100Mission Score
$196KRevenue
$137KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
100% of expenses allocated to program services in 2017, indicating high efficiency.
No officer compensation reported in 2017, suggesting volunteer leadership and low overhead.
No liabilities reported in 2017, indicating a healthy balance sheet.
Assets grew from $117,468 in 2017 to $136,557 in the latest period, showing financial stability.
Spending Breakdown
How Maine Standardbred Breeders & Owners Association allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Standardbred Breeders & Owners Association
Is Maine Standardbred Breeders & Owners Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Standardbred Breeders & Owners Association (EIN: 10455296) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
Is Maine Standardbred Breeders & Owners Association a good charity to donate to?
Maine Standardbred Breeders & Owners Association has a Mission Score of 95/100. Revenue: $196K. Assets: $137K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Standardbred Breeders & Owners Association?
The Employer Identification Number (EIN) for Maine Standardbred Breeders & Owners Association is 10455296. 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 Standardbred Breeders & Owners Association spend its money?
Maine Standardbred Breeders & Owners Association allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Standardbred Breeders & Owners Association's tax-exempt status?
You can verify Maine Standardbred Breeders & Owners Association's tax-exempt status using EIN 10455296 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 Standardbred Breeders & Owners Association appears to be a small, volunteer-led organization with a modest financial footprint. Based on the 2017 filing, the organization operated at a deficit, with expenses of $93,222 exceeding revenue of $73,457. However, its assets grew from $117,468 in 2017 to $136,557 in the latest period, suggesting some financial stability despite the operational deficit in the reported year. The absence of liabilities in 2017 indicates a healthy balance sheet at that time.
The organization demonstrates strong spending efficiency in its 2017 filing, with 100% of its expenses allocated to program services. This indicates a highly focused approach on its mission. The lack of reported officer compensation further supports a lean operational model, likely relying on volunteer efforts. Transparency is good given the available filing, showing no red flags regarding executive pay or significant liabilities.