Quick charity verification for Maine State Ballet (EIN: 10420070)
Verdict: Maine State Ballet appears trustworthy
85/100Mission Score
$1.3MRevenue
$2.5MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further inquiry into executive remuneration practices.
High level of liabilities relative to assets, with liabilities at $1,384,581 against $2,644,480 in assets in 2023, indicating significant debt or obligations.
Strengths
Consistent revenue generation, with revenues generally exceeding expenses in recent years (e.g., $1,268,498 revenue vs. $1,234,633 expenses in 2023).
Steady growth in assets, increasing from $1,998,660 in 2014 to $2,644,480 in 2023.
Demonstrated financial stability with surpluses in recent years (e.g., $33,865 surplus in 2023, $165,380 surplus in 2022).
Long history of IRS 990 filings (14 filings), indicating consistent compliance and transparency in reporting.
Spending Breakdown
How Maine State Ballet allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 State Ballet
Is Maine State Ballet a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine State Ballet (EIN: 10420070) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Maine State Ballet a good charity to donate to?
Maine State Ballet has a Mission Score of 85/100. Revenue: $1.3M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine State Ballet?
The Employer Identification Number (EIN) for Maine State Ballet is 10420070. 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 State Ballet spend its money?
Maine State Ballet allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine State Ballet's tax-exempt status?
You can verify Maine State Ballet's tax-exempt status using EIN 10420070 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 State Ballet demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, indicating sound operational management. For example, in 2023, revenue was $1,268,498 against expenses of $1,234,633, resulting in a surplus. The organization's assets have shown steady growth, reaching $2,644,480 in 2023, which is a positive indicator of financial stability. However, liabilities remain substantial, at $1,384,581 in 2023, suggesting a significant portion of assets may be encumbered. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of their financial transparency and efficiency, as it suggests that key leadership roles are either volunteer-based or compensated through other means not categorized as officer compensation, which could be a strength or an area for further inquiry regarding full compensation disclosure.