Quick charity verification for Mid Coast Economic Development Council (EIN: 222982547)
Verdict: Mid Coast Economic Development Council appears trustworthy
75/100Mission Score
$190KRevenue
$72KAssets
1Red Flags
3Strengths
Red Flags
Net assets have fluctuated, with a notable decrease from $115,344 in 2021 to $107,416 in 2022.
Strengths
Consistent revenue generation over the past several years, averaging around $150,000 annually.
Low administrative and fundraising costs due to reported $0 executive compensation.
Positive net assets maintained over the long term, indicating financial stability.
Spending Breakdown
How Mid Coast Economic Development Council allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
15%
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 Mid Coast Economic Development Council
Is Mid Coast Economic Development Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Mid Coast Economic Development Council (EIN: 222982547) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
Is Mid Coast Economic Development Council a good charity to donate to?
Mid Coast Economic Development Council has a Mission Score of 75/100. Revenue: $190K. Assets: $72K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mid Coast Economic Development Council?
The Employer Identification Number (EIN) for Mid Coast Economic Development Council is 222982547. 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 Mid Coast Economic Development Council spend its money?
Mid Coast Economic Development Council allocates 70% to programs, 15% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mid Coast Economic Development Council's tax-exempt status?
You can verify Mid Coast Economic Development Council's tax-exempt status using EIN 222982547 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
Mid Coast Economic Development Council is a unknown nonprofit based in Wiscasset, Maine, with reported revenue of $190K and assets of $72K. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. • Financial filings are consistently available through 2015. • The organization reports 0% compensation for its officers, directors, trustees, and key employees. • Detailed program service accomplishments are provided in Form 990, Part III. The organization consistently reports $0 in compensation for all officers, directors, trustees, and key employees, indicating a volunteer-led or externally funded leadership structure. Revenue has grown +91% across 11 filing periods.