Positive net assets (Assets $6,788,781 vs. Liabilities $287,786 in 2023).
Spending Breakdown
How University Of Maine School Of Law Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 University Of Maine School Of Law Foundation
Is University Of Maine School Of Law Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, University Of Maine School Of Law Foundation (EIN: 10544448) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is University Of Maine School Of Law Foundation a good charity to donate to?
University Of Maine School Of Law Foundation has a Mission Score of 85/100. Revenue: $961K. Assets: $6.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for University Of Maine School Of Law Foundation?
The Employer Identification Number (EIN) for University Of Maine School Of Law Foundation is 10544448. 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 School Of Law Foundation spend its money?
University Of Maine School Of Law Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify University Of Maine School Of Law Foundation's tax-exempt status?
You can verify University Of Maine School Of Law Foundation's tax-exempt status using EIN 10544448 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 School Of Law Foundation demonstrates a generally stable financial position with assets consistently above $6 million in recent years, reaching $6,788,781 in 2023. While revenue has fluctuated, with a notable increase to $1,114,658 in 2023, the organization experienced a deficit in the same year, with expenses exceeding revenue by approximately $400,000. This follows a surplus in 2022, indicating some variability in annual financial performance. The foundation's consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of financial efficiency and transparency.
The organization's spending efficiency appears to be reasonable, especially given the lack of reported officer compensation. However, the significant deficit in 2023, where expenses were $1,517,393 against revenues of $1,114,658, warrants closer examination to understand the nature of these expenditures and if they represent strategic investments or operational challenges. The foundation's assets have remained robust, providing a buffer against short-term deficits. Overall, the foundation exhibits good transparency regarding executive compensation and a solid asset base, but recent spending patterns require further scrutiny to fully assess long-term financial health.