Quick charity verification for Museum Of Art Of Ogunquit (EIN: 16010628)
Verdict: Museum Of Art Of Ogunquit appears trustworthy
85/100Mission Score
$1.8MRevenue
$4.6MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed executive compensation reporting (0% reported officer comp could mask actual compensation under other categories)
Strengths
Consistent revenue growth (e.g., $747,578 in 2020 to $1,458,704 in 2023)
Strong asset accumulation ($2,745,850 in 2020 to $4,386,528 in 2023)
Healthy asset-to-liability ratio (e.g., $4,386,528 assets vs. $702,356 liabilities in 2023)
Expenses generally below revenue, allowing for financial growth (e.g., 2023: $1,269,108 expenses vs. $1,458,704 revenue)
Consistent IRS 990 filing history (13 filings)
Spending Breakdown
How Museum Of Art Of Ogunquit allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Museum Of Art Of Ogunquit
Is Museum Of Art Of Ogunquit a legitimate charity?
Based on AI analysis of IRS 990 filings, Museum Of Art Of Ogunquit (EIN: 16010628) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Museum Of Art Of Ogunquit a good charity to donate to?
Museum Of Art Of Ogunquit has a Mission Score of 85/100. Revenue: $1.8M. Assets: $4.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Museum Of Art Of Ogunquit?
The Employer Identification Number (EIN) for Museum Of Art Of Ogunquit is 16010628. 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 Museum Of Art Of Ogunquit spend its money?
Museum Of Art Of Ogunquit allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Museum Of Art Of Ogunquit's tax-exempt status?
You can verify Museum Of Art Of Ogunquit's tax-exempt status using EIN 16010628 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
The Museum Of Art Of Ogunquit demonstrates a generally healthy financial trajectory, marked by consistent revenue growth and increasing assets over the past several years. For instance, revenue grew from $747,578 in 2020 to $1,458,704 in 2023, nearly doubling. The organization also maintains a strong asset base, reaching $4,386,528 in 2023, significantly exceeding its liabilities of $702,356. This indicates good financial stability and capacity to fulfill its mission.
Spending efficiency appears reasonable, with expenses generally staying below revenue, allowing for asset accumulation. For example, in 2023, expenses were $1,269,108 against revenues of $1,458,704. A notable aspect of their financial management is the reported 0% officer compensation across all available filings, which suggests a high degree of volunteer leadership or that compensation is reported under other categories, warranting further investigation for complete transparency. However, based on the provided data, this indicates a lean approach to executive costs.
Regarding transparency, the consistent filing of IRS Form 990s over 13 periods is a positive indicator. The absence of reported officer compensation directly on the 990s, while potentially efficient, could also be a point for deeper inquiry to understand the full picture of leadership remuneration. Overall, the museum appears to be a financially sound organization with a clear growth trend and responsible asset management.