Is Marine Mammals Of Maine Legit?

Strengths

Consistent revenue growth from $91,995 in 2014 to $654,064 in 2023, demonstrating increasing support.
Strong asset growth from $82,025 in 2014 to $248,937 in 2023, indicating financial stability.
Consistently low or zero liabilities across all filings, reflecting sound financial management.
0% reported officer compensation across all filings, suggesting high dedication of resources to mission.
Positive net income in most years, contributing to asset accumulation and organizational sustainability.

Spending Breakdown

How Marine Mammals Of Maine 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 Marine Mammals Of Maine

Is Marine Mammals Of Maine a legitimate charity?

Based on AI analysis of IRS 990 filings, Marine Mammals Of Maine (EIN: 10500070) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Marine Mammals Of Maine a good charity to donate to?

Marine Mammals Of Maine has a Mission Score of 92/100. Revenue: $926K. Assets: $583K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Marine Mammals Of Maine?

The Employer Identification Number (EIN) for Marine Mammals Of Maine is 10500070. 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 Marine Mammals Of Maine spend its money?

Marine Mammals Of Maine allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Marine Mammals Of Maine's tax-exempt status?

You can verify Marine Mammals Of Maine's tax-exempt status using EIN 10500070 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

Marine Mammals Of Maine demonstrates a strong commitment to its mission, as evidenced by its consistent growth in revenue and assets over the past decade. The organization's latest filing shows revenue of $654,064 against expenses of $526,750, indicating a healthy surplus that contributes to asset growth. Their financial health appears robust, with assets increasing significantly from $82,025 in 2014 to $248,937 in 2023, and liabilities consistently low or zero, suggesting sound financial management and minimal debt burden. The absence of officer compensation reported across all filings indicates a volunteer-driven leadership or that compensation falls below reporting thresholds, which can be a positive sign for donor confidence regarding resource allocation directly to programs.

Spending efficiency is commendable, with a significant portion of expenses likely directed towards program services given the lack of reported officer compensation and low liabilities. While a detailed functional expense breakdown isn't provided in the summary data, the overall financial picture suggests that the organization is effectively utilizing its resources. The consistent growth in revenue, culminating in a latest reported revenue of $926,241, allows for expanded program activities. The organization's transparency is generally good, with a clear filing history available, and the absence of reported officer compensation is a notable aspect that enhances trust.

Overall, Marine Mammals Of Maine appears to be a financially healthy and efficiently run organization. The consistent growth in assets and revenue, coupled with minimal liabilities and no reported officer compensation, paints a picture of an organization focused on its mission. Donors can be reasonably confident that their contributions are being used effectively to support marine mammal rescue and rehabilitation efforts.

Verdict: Marine Mammals Of Maine appears trustworthy

Red Flags