Quick charity verification for Midcoast Maine Community Action (EIN: 10315732)
Verdict: Midcoast Maine Community Action appears trustworthy
85/100Mission Score
$11.7MRevenue
$6.1MAssets
3Red Flags
3Strengths
Red Flags
Significant year-over-year revenue fluctuations (e.g., $11.5M in 2022 to $7.6M in 2023) could indicate reliance on unstable funding sources.
High liabilities relative to assets in some years (e.g., $7.3M liabilities vs. $8.7M assets in 2021) warrant further investigation into the nature of these obligations.
Lack of detailed functional expense breakdown in provided data prevents a precise assessment of program efficiency.
Revenues generally cover expenses, indicating sound financial management on an operational level.
Long filing history (13 filings) suggests a well-established and consistently reporting organization.
Spending Breakdown
How Midcoast Maine Community Action 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 Maine Community Action
Is Midcoast Maine Community Action a legitimate charity?
Based on AI analysis of IRS 990 filings, Midcoast Maine Community Action (EIN: 10315732) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
Is Midcoast Maine Community Action a good charity to donate to?
Midcoast Maine Community Action has a Mission Score of 85/100. Revenue: $11.7M. Assets: $6.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Midcoast Maine Community Action?
The Employer Identification Number (EIN) for Midcoast Maine Community Action is 10315732. 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 Maine Community Action spend its money?
Midcoast Maine Community Action allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Midcoast Maine Community Action's tax-exempt status?
You can verify Midcoast Maine Community Action's tax-exempt status using EIN 10315732 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 Maine Community Action demonstrates consistent financial activity, with revenues largely tracking expenses over the past decade. For instance, in 2023, revenues were $7,693,474 against expenses of $7,423,820, indicating a slight surplus. The organization's assets have fluctuated, reaching a high of $8,784,018 in 2021 and standing at $8,361,394 in 2023, while liabilities have also been substantial, suggesting a reliance on debt or restricted funds. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of their transparency regarding executive pay.
The organization appears to operate with a lean margin, as evidenced by expenses closely mirroring revenues year over year. This suggests efficient use of funds to meet immediate program needs rather than accumulating large reserves. The absence of reported officer compensation in the filings is a strong indicator of transparency and potentially a commitment to directing funds towards programs and operations rather than high executive salaries. However, without a detailed functional expense breakdown, it's challenging to fully assess spending efficiency across programs, administration, and fundraising.
Overall, Midcoast Maine Community Action exhibits a stable financial history with a clear commitment to transparency regarding executive compensation. Their financial health appears to be managed on a year-to-year basis, with revenues generally covering expenses. Further detailed expense breakdowns would enhance the assessment of their spending efficiency and program focus.