Quick charity verification for Penobscot Bay Ymca (EIN: 10211813)
Verdict: Penobscot Bay Ymca appears trustworthy
85/100Mission Score
$5.3MRevenue
$13.1MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is highly atypical for an organization of this size and revenue, potentially obscuring executive pay details.
Strengths
Strong revenue growth, increasing from $3.8 million in 2020 to $6.6 million in 2023, indicating financial recovery and expansion.
Consistent asset growth, reaching over $13 million in 2023, demonstrating a solid financial foundation.
Positive net income in recent years, with 2023 revenue exceeding expenses by over $1.2 million, indicating financial health.
Manageable liabilities relative to assets, with a liability-to-asset ratio of approximately 10% in 2023, suggesting good solvency.
Spending Breakdown
How Penobscot Bay Ymca 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 Penobscot Bay Ymca
Is Penobscot Bay Ymca a legitimate charity?
Based on AI analysis of IRS 990 filings, Penobscot Bay Ymca (EIN: 10211813) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Penobscot Bay Ymca a good charity to donate to?
Penobscot Bay Ymca has a Mission Score of 85/100. Revenue: $5.3M. Assets: $13.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Penobscot Bay Ymca?
The Employer Identification Number (EIN) for Penobscot Bay Ymca is 10211813. 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 Penobscot Bay Ymca spend its money?
Penobscot Bay Ymca allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Penobscot Bay Ymca's tax-exempt status?
You can verify Penobscot Bay Ymca's tax-exempt status using EIN 10211813 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 Penobscot Bay YMCA demonstrates a generally stable financial position with consistent asset growth over the past decade, reaching $13,022,765 in 2023. The organization has shown a positive trend in revenue, increasing from $3,858,796 in 2020 to $6,645,233 in 2023, indicating strong recovery and growth post-pandemic. Expenses have also increased, but generally remain below revenue, leading to positive net income in recent years, such as in 2023 where revenue exceeded expenses by over $1.2 million.
Spending efficiency appears sound, with no reported officer compensation, which is unusual for an organization of this size and could indicate that executive salaries are categorized differently or are exceptionally low. This lack of reported compensation, while potentially positive for donor perception, warrants further investigation to understand the full compensation structure. The organization's liabilities have remained manageable relative to its assets, with a liability-to-asset ratio of approximately 10% in 2023 ($1,338,972 liabilities against $13,022,765 assets), suggesting good financial solvency.
Transparency regarding executive compensation is a notable area for clarification, as the 0% officer compensation reported across all filings is highly atypical. While the overall financial health appears robust with consistent growth and strong asset base, understanding the full picture of how leadership is compensated would enhance the transparency assessment.