Is Rem Legit?

Quick charity verification for Rem (EIN: 10499703)

Verdict: Rem shows mixed signals

65/100Mission Score

$0Revenue

$0Assets

3Red Flags

3Strengths

Red Flags

Latest filings show $0 revenue and $0 assets, indicating potential inactivity or cessation of operations.
NTEE code Z99 ('Unknown') provides no specific information about the organization's mission or programs.
Inconsistent revenue and expenses, with several years showing expenses exceeding revenue (e.g., 2020, 2019, 2018, 2017, 2015).

Strengths

Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission-related activities.
Historically low liabilities, suggesting responsible financial management regarding debt.
Long filing history (10 filings) demonstrates a commitment to transparency through IRS reporting.

Spending Breakdown

How Rem allocates its funds across programs, administration, and fundraising.

85%

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 Rem

Is Rem a legitimate charity?

Based on AI analysis of IRS 990 filings, Rem (EIN: 10499703) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Rem a good charity to donate to?

Rem has a Mission Score of 65/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Rem?

The Employer Identification Number (EIN) for Rem is 10499703. 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 Rem spend its money?

Rem allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Rem's tax-exempt status?

You can verify Rem's tax-exempt status using EIN 10499703 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

Rem, based in Waterville, ME, appears to be a small nonprofit with a fluctuating financial history. Over the past decade, its revenue has ranged from $34,003 to $90,525, and expenses have generally tracked closely with revenue, sometimes exceeding it, leading to periods of net losses. For instance, in 2020, expenses of $39,427 exceeded revenue of $35,567. The organization consistently reports zero officer compensation, which is a positive indicator for resource allocation directly to its mission, especially for an organization of its size. However, the latest available data shows $0 in both revenue and assets, which could indicate inactivity or a significant change in operations not reflected in the provided historical data.

The organization's financial health shows some instability, with assets peaking at $55,738 in 2016 and then declining to $23,090 by 2020. Liabilities have remained relatively low, suggesting good fiscal management in terms of debt. Without a detailed breakdown of expenses (program, administrative, fundraising) in the provided data, it's challenging to fully assess spending efficiency. However, the consistent reporting of zero officer compensation suggests a lean operational structure. The lack of recent financial activity ($0 revenue, $0 assets) raises questions about its current operational status and long-term sustainability.

Transparency appears to be adequate through its IRS 990 filings, which consistently report key financial figures. The absence of officer compensation is a clear and transparent disclosure. However, the NTEE code Z99 ('Unknown') does not provide specific insight into its programmatic focus, which can hinder a full understanding of its mission effectiveness. The overall picture is one of a small, volunteer-led organization that has experienced periods of both growth and contraction, with its current status requiring further clarification.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.