Is Maine Technology Institute Legit? —…

Strengths

High operational efficiency, with expenses closely matching revenue in most periods (e.g., 98.18% of revenue spent in 202306).
Consistent IRS 990 filing history (13 filings), demonstrating commitment to regulatory compliance and transparency.
Strong program focus implied by the NTEE code B29 (Technology Development) and the nature of its mission.
Ability to manage substantial revenue and expenses, indicating capacity for significant impact.

Spending Breakdown

How Maine Technology Institute allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Technology Institute

Is Maine Technology Institute a legitimate charity?

Based on AI analysis of IRS 990 filings, Maine Technology Institute (EIN: 10529871) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Maine Technology Institute a good charity to donate to?

Maine Technology Institute has a Mission Score of 85/100. Revenue: $22.5M. Assets: $29.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Maine Technology Institute?

The Employer Identification Number (EIN) for Maine Technology Institute is 10529871. 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 Technology Institute spend its money?

Maine Technology Institute allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Maine Technology Institute's tax-exempt status?

You can verify Maine Technology Institute's tax-exempt status using EIN 10529871 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 Technology Institute (MTI) demonstrates a generally sound financial position, with its latest filing (202306) showing revenue of $36,158,450 and expenses of $35,498,648, indicating a slight surplus. The organization's assets have fluctuated significantly over the past decade, peaking at $49,772,164 in 201806 and currently standing at $22,300,505. This fluctuation, alongside a high liability-to-asset ratio (e.g., $19,737,043 liabilities against $22,300,505 assets in 202306), suggests that MTI likely operates with substantial grant funding or state appropriations that are passed through, rather than accumulating large reserves. The consistent reporting of 0% officer compensation across all available filings points to strong transparency regarding executive pay, or that executive compensation is not directly paid by the organization in a manner that requires disclosure on Part VII of Form 990, which warrants further investigation for a complete picture.

Spending efficiency appears to be high, with expenses closely tracking revenue in most periods, indicating that funds received are largely deployed towards the organization's mission. For instance, in 202306, 98.18% of revenue was spent. The NTEE code B29 (Technology Development) suggests a focus on program-intensive activities, which aligns with efficient spending if the majority of expenses are program-related. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and financial transparency.

Is Maine Technology Institute Legit?

Verdict: Maine Technology Institute appears trustworthy

Red Flags