Quick charity verification for Midcoast Humane (EIN: 16021200)
Verdict: Midcoast Humane appears trustworthy
85/100Mission Score
$4.5MRevenue
$9.1MAssets
2Red Flags
4Strengths
Red Flags
Expenses exceeding revenue in recent fiscal years (e.g., 2023 and 2022), indicating potential reliance on reserves.
Significant increase in liabilities from $514,223 in 2019 to $1,746,406 in 2023 without clear explanation in summary data.
Strengths
Consistent asset growth over the past decade, reaching $9,236,550 in 2023.
No reported officer compensation, suggesting a strong commitment to directing funds to mission.
Consistent IRS 990 filing history, indicating good transparency.
Substantial revenue growth over the past decade, from $1,986,961 in 2014 to $2,960,902 in 2023 (latest available filing period).
Spending Breakdown
How Midcoast Humane 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 Midcoast Humane
Is Midcoast Humane a legitimate charity?
Based on AI analysis of IRS 990 filings, Midcoast Humane (EIN: 16021200) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Midcoast Humane a good charity to donate to?
Midcoast Humane has a Mission Score of 85/100. Revenue: $4.5M. Assets: $9.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Midcoast Humane?
The Employer Identification Number (EIN) for Midcoast Humane is 16021200. 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 Midcoast Humane spend its money?
Midcoast Humane allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Midcoast Humane's tax-exempt status?
You can verify Midcoast Humane's tax-exempt status using EIN 16021200 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
Midcoast Humane demonstrates a generally stable financial position, with assets consistently growing over the past decade, reaching $9,236,550 in 2023. However, recent years show a trend where expenses have exceeded revenue, notably in 2023 ($3,440,482 in expenses vs. $2,960,902 in revenue) and 2022 ($2,983,941 in expenses vs. $2,890,847 in revenue). This indicates a reliance on reserves or prior surpluses to cover operational costs. The organization's transparency is commendable given the consistent filing of IRS Form 990s, and the reported 0% officer compensation suggests a volunteer-led or very lean executive structure, which can be a positive indicator of resource allocation directly to mission. The significant increase in liabilities from $514,223 in 2019 to $1,746,406 in 2023 warrants further investigation to understand its nature and impact on long-term financial health.
While the detailed breakdown of program, administrative, and fundraising expenses is not explicitly provided in the summary data, the absence of reported officer compensation suggests a strong potential for efficient spending on programs. The organization has experienced substantial growth in both revenue and assets over the past decade, indicating increasing community support and capacity. However, the recent operating deficits highlight a need for careful financial planning to ensure sustainability without depleting reserves. The organization's NTEE code D200 (Animal Protection & Welfare) aligns with its mission, and the consistent growth in assets suggests a well-managed endowment or capital improvements over time.