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.
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.