Is United Way Of Mid Maine Inc Legit? —…

Spending Breakdown

How United Way Of Mid Maine Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Maine Inc

Is United Way Of Mid Maine Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, United Way Of Mid Maine Inc (EIN: 10233280) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.

Is United Way Of Mid Maine Inc a good charity to donate to?

United Way Of Mid Maine Inc has a Mission Score of 85/100. Revenue: $748K. Assets: $715K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for United Way Of Mid Maine Inc?

The Employer Identification Number (EIN) for United Way Of Mid Maine Inc is 10233280. 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 Maine Inc spend its money?

United Way Of Mid Maine Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify United Way Of Mid Maine Inc's tax-exempt status?

You can verify United Way Of Mid Maine Inc's tax-exempt status using EIN 10233280 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 Maine Inc demonstrates a consistent commitment to its mission, as evidenced by its program spending. While specific breakdowns for program, administrative, and fundraising expenses are not provided in the summary data, the organization's overall financial health shows a pattern of expenses often exceeding revenue in recent years, such as in 202006 where expenses were $641,686 against revenues of $496,345. This trend has led to a gradual decline in assets from a high of $1,083,854 in 201206 to $715,131 currently. The organization maintains a healthy asset base relative to its liabilities, indicating good financial stability despite the revenue-expense imbalance. The consistent reporting of 0% officer compensation across all filings suggests a strong focus on directing funds towards charitable activities rather than executive salaries, which is a positive indicator of financial stewardship and transparency.

The organization's transparency is further bolstered by its consistent filing of IRS Form 990s over a decade, providing a clear historical financial record. The absence of reported officer compensation is a significant factor in assessing its financial health and commitment to its mission. However, the sustained trend of expenses exceeding revenue, particularly in the last few years, warrants close monitoring to ensure long-term sustainability. For instance, in 201906, expenses were $689,450 while revenue was $576,252, contributing to the asset decline.

Overall, United Way Of Mid Maine Inc appears to be a financially stable organization with a strong commitment to its mission, as indicated by its lack of executive compensation and consistent operations. However, the trend of declining revenues and increasing expenses in some periods suggests a need for strategic financial planning to reverse the trend of asset depletion and ensure continued operational capacity. The current assets of $715,131 against liabilities of $68,652 in 202006 (latest available liability data) show a strong balance sheet, but the operational deficit needs attention.

Is United Way Of Mid Maine Inc Legit?

Verdict: United Way Of Mid Maine Inc appears trustworthy

Red Flags

Strengths