Quick charity verification for United Way Of Mid Coast Maine Inc (EIN: 16004866)
Verdict: United Way Of Mid Coast Maine Inc appears trustworthy
75/100Mission Score
$1.8MRevenue
$2.5MAssets
2Red Flags
4Strengths
Red Flags
Consistent reporting of 0% officer compensation, which is atypical for an organization of this size and warrants further inquiry.
Occasional periods where expenses exceed revenue, such as in 202306 ($1,711,893 expenses vs. $1,665,743 revenue), indicating potential operating deficits.
Strengths
Consistent filing of IRS Form 990s, demonstrating good transparency.
Long operational history with consistent revenue streams, suggesting established community support.
Relatively low liabilities compared to assets, indicating good financial management of debt.
Spending Breakdown
How United Way Of Mid Coast Maine Inc 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 United Way Of Mid Coast Maine Inc
Is United Way Of Mid Coast Maine Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, United Way Of Mid Coast Maine Inc (EIN: 16004866) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is United Way Of Mid Coast Maine Inc a good charity to donate to?
United Way Of Mid Coast Maine Inc has a Mission Score of 75/100. Revenue: $1.8M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for United Way Of Mid Coast Maine Inc?
The Employer Identification Number (EIN) for United Way Of Mid Coast Maine Inc is 16004866. 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 Way Of Mid Coast Maine Inc spend its money?
United Way Of Mid Coast Maine Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify United Way Of Mid Coast Maine Inc's tax-exempt status?
You can verify United Way Of Mid Coast Maine Inc's tax-exempt status using EIN 16004866 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 Way Of Mid Coast Maine Inc demonstrates consistent financial activity, with revenues and expenses generally hovering around the $1.7 million to $2.1 million mark over the past decade. While the organization's assets have remained relatively stable, ranging from $2.4 million to $2.7 million, there have been periods where expenses exceeded revenue, such as in 202306 where expenses were $1,711,893 against revenues of $1,665,743. This indicates a slight deficit in some operating periods, which could impact long-term financial stability if it becomes a trend. The organization's liabilities have also shown some fluctuation, but generally remain manageable relative to its assets.
The organization appears to maintain a strong focus on its programmatic mission, as evidenced by the typical United Way model of distributing funds to other local nonprofits. The absence of reported officer compensation across all filings suggests either that executive compensation is below the reporting threshold, or that it is covered through other means not explicitly detailed as 'officer compensation' on the 990, which warrants further investigation for complete transparency. Overall, the financial health appears stable, but careful monitoring of expense-to-revenue ratios is advisable.
Transparency is generally good given the consistent filing of IRS Form 990s. However, without a detailed breakdown of functional expenses (program, administrative, fundraising) from the provided data, a precise assessment of spending efficiency is challenging. The consistent asset base and revenue streams suggest a well-established organization, but the lack of reported officer compensation for an organization of this size is an unusual data point that could impact a full transparency assessment.