Is Rotary Club Of Boothbay Harbor Foundation Inc Legit?
Quick charity verification for Rotary Club Of Boothbay Harbor Foundation Inc (EIN: 10535197)
Verdict: Rotary Club Of Boothbay Harbor Foundation Inc appears trustworthy
85/100Mission Score
$108KRevenue
$330KAssets
2Red Flags
4Strengths
Red Flags
Fluctuating revenue and expense figures, indicating potential inconsistency in financial operations or project-based funding.
Significant increase in liabilities in 202306 ($405,866) which was then substantially reduced in 202406, suggesting large, temporary financial obligations.
Strengths
Consistently reports 0% officer compensation, demonstrating strong volunteer commitment and efficient use of funds.
Strong program focus, with a high percentage of spending directed towards its mission.
Maintains a healthy asset base ($329,767 in 202406) relative to its annual revenue, providing financial stability.
Long filing history (14 filings) indicates consistent operation and transparency.
Spending Breakdown
How Rotary Club Of Boothbay Harbor Foundation Inc 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 Rotary Club Of Boothbay Harbor Foundation Inc
Is Rotary Club Of Boothbay Harbor Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rotary Club Of Boothbay Harbor Foundation Inc (EIN: 10535197) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Rotary Club Of Boothbay Harbor Foundation Inc a good charity to donate to?
Rotary Club Of Boothbay Harbor Foundation Inc has a Mission Score of 85/100. Revenue: $108K. Assets: $330K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rotary Club Of Boothbay Harbor Foundation Inc?
The Employer Identification Number (EIN) for Rotary Club Of Boothbay Harbor Foundation Inc is 10535197. 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 Rotary Club Of Boothbay Harbor Foundation Inc spend its money?
Rotary Club Of Boothbay Harbor Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rotary Club Of Boothbay Harbor Foundation Inc's tax-exempt status?
You can verify Rotary Club Of Boothbay Harbor Foundation Inc's tax-exempt status using EIN 10535197 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 Rotary Club Of Boothbay Harbor Foundation Inc demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the latest filing (202406), the organization reported expenses of $125,524 against revenues of $107,842, indicating a slight deficit for the period. While the organization's assets of $329,767 provide a reasonable buffer, the liabilities of $101,097 should be monitored. The foundation consistently reports 0% officer compensation, which is a strong indicator of volunteer-driven leadership and efficient use of funds for programmatic activities. However, the fluctuating revenue and expense figures over the past few years, including a significant expense spike in 202206 ($32,774 expenses against $165,818 revenue) and a deficit in 202306 ($154,266 expenses against $132,015 revenue), suggest some variability in financial operations that could warrant closer examination for long-term stability. Overall, the organization appears to be financially healthy, with a strong focus on program delivery and minimal administrative overhead.