Consistent IRS 990 filing history demonstrating transparency
Spending Breakdown
How Saco & Biddeford Savings Charitable Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Saco & Biddeford Savings Charitable Foundation
Is Saco & Biddeford Savings Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Saco & Biddeford Savings Charitable Foundation (EIN: 10516587) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Saco & Biddeford Savings Charitable Foundation a good charity to donate to?
Saco & Biddeford Savings Charitable Foundation has a Mission Score of 90/100. Revenue: $36K. Assets: $686K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Saco & Biddeford Savings Charitable Foundation?
The Employer Identification Number (EIN) for Saco & Biddeford Savings Charitable Foundation is 10516587. 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 Saco & Biddeford Savings Charitable Foundation spend its money?
Saco & Biddeford Savings Charitable Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Saco & Biddeford Savings Charitable Foundation's tax-exempt status?
You can verify Saco & Biddeford Savings Charitable Foundation's tax-exempt status using EIN 10516587 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 Saco & Biddeford Savings Charitable Foundation demonstrates consistent financial activity as a grant-making organization. Over the past decade, its revenue has fluctuated, peaking at $664,209 in 2022 and experiencing a notable drop to $283,203 in 2023. Despite this, the foundation maintains a healthy asset base, exceeding $1 million in 2023, significantly higher than its $228,950 in 2011. The foundation's liabilities have consistently remained at a minimal $1, indicating strong financial stability and no significant debt burden.
Spending efficiency is generally strong for a grant-making entity, as the primary 'program' activity is the distribution of grants. The absence of officer compensation across all reported periods suggests that administrative costs are likely very low, contributing to a high proportion of funds directly supporting its charitable mission. The foundation's consistent filing of IRS Form 990s over a decade indicates a commitment to transparency, providing a clear historical record of its financial operations.
Overall, the foundation appears to be a well-managed entity focused on its charitable purpose. While revenue can vary year-to-year, its substantial assets and minimal liabilities provide a solid foundation for continued grant-making activities. The lack of executive compensation is a significant positive indicator of efficient resource allocation.