Quick charity verification for United Mid Coast Charities Inc (EIN: 16009240)
Verdict: United Mid Coast Charities Inc appears trustworthy
92/100Mission Score
$1.2MRevenue
$5.7MAssets
1Red Flags
4Strengths
Red Flags
Significant revenue volatility, as seen between $3,710,184 in 2015 and $544,217 in 2022, could indicate reliance on unpredictable funding sources.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
Strong and growing asset base, reaching $5,623,122 in 2023, providing financial stability.
Low liabilities, consistently under $33,000, demonstrating sound financial management.
Regular and extensive IRS 990 filing history (14 filings), indicating strong transparency.
Spending Breakdown
How United Mid Coast Charities Inc 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 United Mid Coast Charities Inc
Is United Mid Coast Charities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, United Mid Coast Charities Inc (EIN: 16009240) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is United Mid Coast Charities Inc a good charity to donate to?
United Mid Coast Charities Inc has a Mission Score of 92/100. Revenue: $1.2M. Assets: $5.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for United Mid Coast Charities Inc?
The Employer Identification Number (EIN) for United Mid Coast Charities Inc is 16009240. 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 United Mid Coast Charities Inc spend its money?
United Mid Coast Charities Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify United Mid Coast Charities Inc's tax-exempt status?
You can verify United Mid Coast Charities Inc's tax-exempt status using EIN 16009240 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
United Mid Coast Charities Inc demonstrates a generally healthy financial position with consistent asset growth over the past several years, reaching $5,623,122 in 2023. The organization's revenue has fluctuated, with a notable peak of $3,710,184 in 2015 and a strong rebound to $1,476,120 in 2023 after a dip in 2022. Expenses have remained relatively stable, indicating good cost control. The organization's liabilities are consistently low, suggesting strong financial management and minimal debt burden.
The organization appears to be highly efficient in its spending, as evidenced by the consistent 0% officer compensation reported across all available filings, indicating that leadership is likely volunteer-based or compensated through other means not classified as officer compensation. This practice significantly reduces administrative overhead. While specific program spending percentages are not detailed in the provided data, the absence of officer compensation is a strong indicator of a focus on mission-related expenditures. The consistent filing of IRS Form 990s over many years also points to a commitment to transparency.
Overall, United Mid Coast Charities Inc exhibits strong financial health, efficient operations, and a commitment to transparency through its regular filings and lack of reported officer compensation. The organization's ability to maintain substantial assets and manage expenses effectively, even with fluctuating revenues, suggests a resilient and well-managed nonprofit.