Is Northern Maine Fair Association Legit? —…

Quick charity verification for Northern Maine Fair Association (EIN: 10191550)

Strengths

Consistent reporting of 0% officer compensation, indicating a volunteer-driven and efficient leadership.
Assets consistently exceed liabilities, demonstrating financial solvency (e.g., 2023: $360,576 assets vs. $17,489 liabilities).
Long history of IRS 990 filings (13 filings), indicating strong commitment to transparency and compliance.
Strong recovery in revenue post-2020, with 2022 revenue at $382,942, showing resilience.

Spending Breakdown

How Northern Maine Fair Association allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Fair Association

Is Northern Maine Fair Association a legitimate charity?

Based on AI analysis of IRS 990 filings, Northern Maine Fair Association (EIN: 10191550) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Northern Maine Fair Association a good charity to donate to?

Northern Maine Fair Association has a Mission Score of 85/100. Revenue: $374K. Assets: $640K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Northern Maine Fair Association?

The Employer Identification Number (EIN) for Northern Maine Fair Association is 10191550. 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 Fair Association spend its money?

Northern Maine Fair Association allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Northern Maine Fair Association's tax-exempt status?

You can verify Northern Maine Fair Association's tax-exempt status using EIN 10191550 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 Northern Maine Fair Association demonstrates a generally stable financial position, with assets consistently exceeding liabilities across its filing history. While revenue and expenses fluctuate year-to-year, as is common for event-based organizations, the association has maintained positive net assets. For instance, in 2023, assets were $360,576 against liabilities of $17,489, indicating a strong balance sheet. The organization's consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership, which is a positive indicator of efficiency and dedication to its mission.

Spending efficiency appears reasonable, though specific program, administrative, and fundraising breakdowns are not provided in the summary data. However, the consistent reporting of expenses generally aligning with or slightly exceeding revenue in some years (e.g., 2023: $240,880 revenue vs. $271,677 expenses) suggests that most funds are being utilized for operations and events rather than accumulating excessive reserves. The absence of reported officer compensation is a significant factor contributing to operational efficiency.

Transparency is high regarding executive compensation, as no officers receive salaries, which is clearly stated in all filings. The consistent filing of IRS Form 990s over many years also indicates a commitment to public disclosure. To further enhance transparency, a detailed breakdown of program service expenses versus administrative and fundraising costs would be beneficial, though the provided data already highlights a lean operational structure.

Is Northern Maine Fair Association Legit?

Verdict: Northern Maine Fair Association appears trustworthy

Red Flags