Quick charity verification for North American Marine Alliance Inc (EIN: 10516646)
Verdict: North American Marine Alliance Inc appears trustworthy
95/100Mission Score
$2.7MRevenue
$1.8MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, reaching $1,109,543 in 2023.
Zero reported officer compensation across all filings, indicating high efficiency.
Strong asset growth from $91,349 in 2015 to $633,632 in 2023.
Positive net income in most recent periods, demonstrating sound financial management.
High program spending ratio, maximizing impact.
Spending Breakdown
How North American Marine Alliance Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 North American Marine Alliance Inc
Is North American Marine Alliance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North American Marine Alliance Inc (EIN: 10516646) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is North American Marine Alliance Inc a good charity to donate to?
North American Marine Alliance Inc has a Mission Score of 95/100. Revenue: $2.7M. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for North American Marine Alliance Inc?
The Employer Identification Number (EIN) for North American Marine Alliance Inc is 10516646. 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 North American Marine Alliance Inc spend its money?
North American Marine Alliance Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify North American Marine Alliance Inc's tax-exempt status?
You can verify North American Marine Alliance Inc's tax-exempt status using EIN 10516646 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
North American Marine Alliance Inc (NAMA) demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past several years, culminating in $1,109,543 in revenue in 2023. The organization has maintained a positive net income in most recent periods, indicating sound financial management. Its asset base has also shown significant growth, from $91,349 in 2015 to $633,632 in 2023, suggesting increasing capacity and stability.
NAMA appears to be highly efficient in its spending, with program expenses consistently forming the vast majority of its total expenditures. The absence of reported officer compensation across all available filings is a significant indicator of strong financial stewardship and a commitment to directing resources towards its mission. This practice enhances transparency and builds trust with donors, as it suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, further maximizing funds for programmatic work.
Overall, NAMA exhibits strong financial health, excellent spending efficiency, and a high degree of transparency regarding executive compensation. The consistent growth and prudent management of resources position it well to continue its mission.