Quick charity verification for Waypoint Maine Inc (EIN: 10279587)
Verdict: Waypoint Maine Inc appears trustworthy
95/100Mission Score
$29.8MRevenue
$44.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth from $14.6M (2014) to $20.2M (2023)
Strong asset growth from $18M (2014) to $38.9M (2023)
No reported officer compensation across all filings, indicating high transparency and mission focus
Consistent operational surplus, demonstrating sound financial management (e.g., $20.2M revenue vs $20.0M expenses in 2023)
Low liabilities relative to assets, indicating financial stability (e.g., $1.4M liabilities vs $38.9M assets in 2023)
Spending Breakdown
How Waypoint Maine 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 Waypoint Maine Inc
Is Waypoint Maine Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Waypoint Maine Inc (EIN: 10279587) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Waypoint Maine Inc a good charity to donate to?
Waypoint Maine Inc has a Mission Score of 95/100. Revenue: $29.8M. Assets: $44.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Waypoint Maine Inc?
The Employer Identification Number (EIN) for Waypoint Maine Inc is 10279587. 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 Waypoint Maine Inc spend its money?
Waypoint Maine Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Waypoint Maine Inc's tax-exempt status?
You can verify Waypoint Maine Inc's tax-exempt status using EIN 10279587 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
Waypoint Maine Inc demonstrates consistent financial health and growth over the past decade. The organization has shown a steady increase in revenue, from $14.6 million in 2014 to $20.2 million in 2023, with assets growing from $18 million to $38.9 million in the same period. This indicates effective financial management and an ability to build reserves. The organization consistently operates with a surplus, as seen in the 2023 fiscal year where revenue was $20,214,531 against expenses of $20,085,050, suggesting prudent spending within its means.
Spending efficiency appears strong, with expenses closely tracking revenue, indicating that funds are being deployed for their intended purpose. The absence of reported officer compensation across all available filings suggests a high degree of transparency and a commitment to directing resources towards programs rather than executive salaries. This practice is highly commendable for a nonprofit of its size.
Overall, Waypoint Maine Inc exhibits a healthy financial profile, responsible asset growth, and a strong commitment to transparency regarding executive compensation. The consistent growth in assets and revenue, coupled with efficient expense management, positions the organization well to continue its mission.