Consistent revenue growth, from $342,318 in 2019 to $509,050 in 2023.
Significant asset accumulation, growing from $704,601 in 2019 to $1,352,964 in 2023.
Zero reported officer compensation across all 14 filings, indicating high efficiency and volunteer leadership.
Expenses consistently well below revenue, leading to positive net income and asset growth.
Strong financial stability with a healthy asset-to-liability ratio (e.g., $1,352,964 assets vs. $13,559 liabilities in 2023).
Spending Breakdown
How Northeast Harbor Fleet 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 Northeast Harbor Fleet
Is Northeast Harbor Fleet a legitimate charity?
Based on AI analysis of IRS 990 filings, Northeast Harbor Fleet (EIN: 10198980) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Northeast Harbor Fleet a good charity to donate to?
Northeast Harbor Fleet has a Mission Score of 92/100. Revenue: $2.5M. Assets: $3.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Northeast Harbor Fleet?
The Employer Identification Number (EIN) for Northeast Harbor Fleet is 10198980. 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 Northeast Harbor Fleet spend its money?
Northeast Harbor Fleet allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Northeast Harbor Fleet's tax-exempt status?
You can verify Northeast Harbor Fleet's tax-exempt status using EIN 10198980 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
Northeast Harbor Fleet demonstrates consistent financial growth and strong program focus based on its IRS 990 filings. Over the past five years, the organization's revenue has steadily increased from $342,318 in 2019 to $509,050 in 2023, indicating stable donor support or effective fundraising. Expenses have remained well below revenue, allowing for significant asset growth from $704,601 in 2019 to $1,352,964 in 2023. This suggests prudent financial management and the accumulation of reserves.
The organization's spending efficiency appears high, with no reported officer compensation across all available filings, which is a strong indicator of volunteer leadership and a commitment to directing funds towards its mission. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation implies a lean operational structure. The consistent positive net income contributes to a healthy financial position, enabling the organization to sustain and potentially expand its activities.
Transparency is excellent regarding executive compensation, as zero officer compensation is reported. However, without a detailed functional expense statement, it's challenging to fully assess the precise allocation between program, administrative, and fundraising costs. The consistent filing of IRS 990s over 14 periods demonstrates a commitment to regulatory compliance and public disclosure.