Quick charity verification for Skating Association Of Maine (EIN: 10368190)
Verdict: Skating Association Of Maine appears trustworthy
92/100Mission Score
$500KRevenue
$357KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent positive net income, with revenue exceeding expenses in most years (e.g., 2023: $385,760 revenue vs. $374,375 expenses).
Zero reported liabilities across all 13 IRS 990 filings, indicating exceptional financial stability.
Steady and significant asset growth, from $95,133 in 2014 to $307,388 in 2023.
0% reported officer compensation in all filings, suggesting efficient use of funds for mission-related activities.
Consistent filing of IRS 990s over 13 periods, demonstrating strong transparency and compliance.
Spending Breakdown
How Skating Association Of Maine allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Skating Association Of Maine
Is Skating Association Of Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, Skating Association Of Maine (EIN: 10368190) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Skating Association Of Maine a good charity to donate to?
Skating Association Of Maine has a Mission Score of 92/100. Revenue: $500K. Assets: $357K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Skating Association Of Maine?
The Employer Identification Number (EIN) for Skating Association Of Maine is 10368190. 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 Skating Association Of Maine spend its money?
Skating Association Of Maine allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Skating Association Of Maine's tax-exempt status?
You can verify Skating Association Of Maine's tax-exempt status using EIN 10368190 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 Skating Association Of Maine demonstrates consistent financial health with a positive net income in most recent years, indicating sound fiscal management. For example, in 2023, revenue was $385,760 against expenses of $374,375, resulting in a surplus. The organization has also shown steady asset growth, increasing from $95,133 in 2014 to $307,388 in 2023, suggesting responsible accumulation of resources. Their liabilities have consistently been reported as $0 across all available filings, which is a strong indicator of financial stability and low risk.
Spending efficiency appears high, as evidenced by the consistent surpluses and growth in assets. Without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, it's challenging to precisely quantify efficiency ratios. However, the overall financial picture suggests that the organization is managing its funds effectively to support its operations. The absence of officer compensation reported across all filings also points to a lean operational structure, potentially maximizing funds available for programs.
Transparency is strong regarding executive compensation, with 0% reported officer compensation in all available filings. The consistent filing of IRS Form 990s over 13 periods also demonstrates a commitment to public disclosure. The lack of reported liabilities further enhances their transparency profile, as it indicates a clear and unencumbered financial position.