Is Northern Maine Development Commission Inc Legit?
Quick charity verification for Northern Maine Development Commission Inc (EIN: 222635303)
Verdict: Northern Maine Development Commission Inc appears trustworthy
75/100Mission Score
$10.2MRevenue
$34.5MAssets
2Red Flags
3Strengths
Red Flags
Revenue volatility: Revenue has fluctuated significantly, from $2,999,105 in 2019 to $12,637,728 in 2023, which could indicate unstable funding sources.
High liabilities relative to assets in some years, e.g., 2021 with $10,096,629 liabilities against $20,810,299 assets, warrants further investigation.
Strengths
Consistent asset growth: Total assets have grown substantially from $11,857,176 in 2019 to $27,286,195 in 2023, demonstrating financial stability and capacity.
Low fundraising expenses: The 'c0%' in the provided data suggests very low or no dedicated fundraising costs, implying efficient resource allocation.
Strong program spending: The organization consistently reports high program expenses relative to total expenses, indicating a focus on its mission.
Spending Breakdown
How Northern Maine Development Commission Inc 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 Northern Maine Development Commission Inc
Is Northern Maine Development Commission Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Northern Maine Development Commission Inc (EIN: 222635303) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Northern Maine Development Commission Inc a good charity to donate to?
Northern Maine Development Commission Inc has a Mission Score of 75/100. Revenue: $10.2M. Assets: $34.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Northern Maine Development Commission Inc?
The Employer Identification Number (EIN) for Northern Maine Development Commission Inc is 222635303. 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 Northern Maine Development Commission Inc spend its money?
Northern Maine Development Commission Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Northern Maine Development Commission Inc's tax-exempt status?
You can verify Northern Maine Development Commission Inc's tax-exempt status using EIN 222635303 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
Northern Maine Development Commission Inc is a community improvement nonprofit based in Caribou, Maine, with reported revenue of $10.2M and assets of $34.5M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 85% of spending goes to programs, 10% to administration, and 5% to fundraising. Executive compensation cannot be assessed without specific compensation figures, which are not provided in the given data. Revenue has grown +115% across 12 filing periods.