Is Piscataquis County Economic Development Council Legit?
Quick charity verification for Piscataquis County Economic Development Council (EIN: 10521521)
Verdict: Piscataquis County Economic Development Council appears trustworthy
92/100Mission Score
$465KRevenue
$712KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
No reported officer compensation across all filings, indicating high efficiency.
Consistent growth in assets from $499,433 in 2014 to $716,616 in 2023.
Operates near break-even, suggesting funds are directly applied to mission-related activities.
Excellent filing history with 13 available IRS 990 filings, demonstrating strong transparency.
Low liabilities relative to assets, indicating sound financial management (e.g., $3,443 liabilities vs. $716,616 assets in 2023).
Spending Breakdown
How Piscataquis County Economic Development Council allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Piscataquis County Economic Development Council
Is Piscataquis County Economic Development Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Piscataquis County Economic Development Council (EIN: 10521521) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Piscataquis County Economic Development Council a good charity to donate to?
Piscataquis County Economic Development Council has a Mission Score of 92/100. Revenue: $465K. Assets: $712K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Piscataquis County Economic Development Council?
The Employer Identification Number (EIN) for Piscataquis County Economic Development Council is 10521521. 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 Piscataquis County Economic Development Council spend its money?
Piscataquis County Economic Development Council allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Piscataquis County Economic Development Council's tax-exempt status?
You can verify Piscataquis County Economic Development Council's tax-exempt status using EIN 10521521 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 Piscataquis County Economic Development Council demonstrates consistent financial health, with assets growing from $499,433 in 2014 to $716,616 in 2023. Revenue and expenses have fluctuated, but the organization generally operates with a slight surplus or near break-even, as seen in 2023 where revenue was $453,026 and expenses were $447,564. This indicates responsible financial management and a focus on utilizing funds for its mission rather than accumulating excessive reserves.
The organization exhibits strong spending efficiency, particularly given its mission. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent operation near break-even suggests that the majority of funds are directed towards its economic development activities. The absence of reported officer compensation across all filings is a significant indicator of efficiency and a commitment to directing resources to the mission.
Transparency appears to be a strong suit, with 13 filings available, indicating consistent compliance with IRS reporting requirements. The lack of officer compensation also suggests a lean operational structure. The organization's financial stability and consistent reporting contribute to a positive assessment of its overall transparency and accountability.