Expenses consistently well below revenue in most periods, allowing for capital accumulation.
Strong financial health with a substantial asset base relative to annual expenses.
Spending Breakdown
How University Of Maine At Fort Kent Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 University Of Maine At Fort Kent Foundation
Is University Of Maine At Fort Kent Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, University Of Maine At Fort Kent Foundation (EIN: 10469196) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is University Of Maine At Fort Kent Foundation a good charity to donate to?
University Of Maine At Fort Kent Foundation has a Mission Score of 85/100. Revenue: $579K. Assets: $4.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for University Of Maine At Fort Kent Foundation?
The Employer Identification Number (EIN) for University Of Maine At Fort Kent Foundation is 10469196. 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 University Of Maine At Fort Kent Foundation spend its money?
University Of Maine At Fort Kent Foundation allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify University Of Maine At Fort Kent Foundation's tax-exempt status?
You can verify University Of Maine At Fort Kent Foundation's tax-exempt status using EIN 10469196 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 University Of Maine At Fort Kent Foundation demonstrates strong financial health with consistently growing assets, reaching $3,584,358 in 2023. The organization has maintained zero liabilities across all reported periods, indicating a very stable financial position. Revenue has shown significant fluctuations, with a peak of $1,306,173 in 2014 and more recently $693,988 in 2023, suggesting reliance on varying donation cycles. Spending efficiency appears robust, as expenses are generally well below revenue, allowing for asset growth. For instance, in 2023, expenses were $509,332 against $693,988 in revenue. The absence of reported officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which contributes positively to efficiency and transparency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited.