Is The American Saddlebred Association Of Maine Incorporated Legit?
Quick charity verification for The American Saddlebred Association Of Maine Incorporated (EIN: 10376971)
Verdict: The American Saddlebred Association Of Maine Incorporated appears trustworthy
85/100Mission Score
$80KRevenue
$203KAssets
2Red Flags
5Strengths
Red Flags
Expenses exceeded revenue in multiple recent periods (e.g., 2022, 2018), indicating potential reliance on reserves or asset drawdowns.
NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
Consistent asset growth over the past decade, reaching $157,111 in 2022.
Zero reported liabilities across all available filings, indicating strong financial stability.
0% officer compensation reported in all filings, demonstrating a strong commitment to mission-focused spending.
Good filing history with 9 available IRS 990s, indicating transparency.
Maintains a healthy asset base relative to its annual revenue, providing financial resilience.
Spending Breakdown
How The American Saddlebred Association Of Maine Incorporated allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 The American Saddlebred Association Of Maine Incorporated
Is The American Saddlebred Association Of Maine Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, The American Saddlebred Association Of Maine Incorporated (EIN: 10376971) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is The American Saddlebred Association Of Maine Incorporated a good charity to donate to?
The American Saddlebred Association Of Maine Incorporated has a Mission Score of 85/100. Revenue: $80K. Assets: $203K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The American Saddlebred Association Of Maine Incorporated?
The Employer Identification Number (EIN) for The American Saddlebred Association Of Maine Incorporated is 10376971. 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 The American Saddlebred Association Of Maine Incorporated spend its money?
The American Saddlebred Association Of Maine Incorporated allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The American Saddlebred Association Of Maine Incorporated's tax-exempt status?
You can verify The American Saddlebred Association Of Maine Incorporated's tax-exempt status using EIN 10376971 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 American Saddlebred Association Of Maine Incorporated demonstrates a generally stable financial position, with assets consistently growing over the past decade, reaching $157,111 in 2022. While revenue has fluctuated, peaking at $90,225 in 2020, the organization has managed its liabilities effectively, reporting $0 in liabilities across all available filings. This indicates a strong balance sheet and responsible financial management. However, the organization has experienced periods where expenses exceeded revenue, such as in 2022 where expenses were $64,385 against revenues of $42,652, and in 2018 where expenses were $48,614 against revenues of $36,579. This suggests a reliance on prior year surpluses or asset drawdowns during certain periods.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to precisely assess the allocation of funds. However, the consistent reporting of 0% officer compensation across all available filings is a significant positive indicator of efficiency and a commitment to directing resources towards the organization's mission rather than executive salaries. The organization's transparency is good, with nine filings available, providing a clear historical financial overview. The absence of reported liabilities further enhances confidence in its financial health.
Overall, the organization appears to be a well-managed entity with a solid asset base and a commitment to its mission, as evidenced by the lack of executive compensation. The primary area for potential improvement or further inquiry would be understanding the detailed expense allocation to ensure a high percentage of spending is directly supporting programs, especially during years where expenses outpace revenue.