Mclaughlin Foundation Inc
Mclaughlin Foundation Inc maintains stable assets and zero executive compensation, consistently operating with revenues exceeding expenses.
EIN: 10509638 · South Paris, ME · NTEE: C410 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $210K |
| Total Expenses | $154K |
| Program Spending | 90% |
| Net Assets | $628K |
| Transparency Score | 85/100 |
Is Mclaughlin Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mclaughlin Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mclaughlin Foundation Inc
Mclaughlin Foundation Inc (EIN: 10509638) is a nonprofit organization based in South Paris, ME, classified under NTEE code C410. The organization reported total revenue of $210K and total assets of $650K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mclaughlin Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mclaughlin Foundation Inc is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $179K |
| Total Expenses | $154K |
| Surplus / Deficit | +$25K |
| Total Assets | $659K |
| Total Liabilities | $31K |
| Net Assets | $628K |
| Operating Margin | 13.9% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 51.2 months |
Financial Health Grade: A
In 2023, Mclaughlin Foundation Inc reported a surplus of $25K with revenue exceeding expenses, holds 51.2 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mclaughlin Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.7% | -15.0% | -2.4% |
| 2022 | +3.2% | +0.5% | -6.7% |
| 2021 | -1.3% | +18.4% | +3.6% |
| 2020 | -11.3% | -15.1% | +7.4% |
| 2019 | -2.2% | -20.6% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mclaughlin Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Mclaughlin Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean operational model.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mclaughlin Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, limiting full spending efficiency analysis.
Strengths
The following positive indicators were identified for Mclaughlin Foundation Inc:
- Consistent financial stability with stable assets and low liabilities.
- Revenues consistently exceed expenses, indicating sound financial management.
- Zero executive compensation reported across all filings, suggesting high efficiency and volunteer commitment.
- Consistent history of IRS 990 filings, demonstrating transparency and compliance.
Frequently Asked Questions about Mclaughlin Foundation Inc
Is Mclaughlin Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mclaughlin Foundation Inc (EIN: 10509638) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Mclaughlin Foundation Inc spend its money?
Mclaughlin Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mclaughlin Foundation Inc tax-deductible?
Mclaughlin Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10509638). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mclaughlin Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mclaughlin Foundation Inc is above average for NTEE category C410 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mclaughlin Foundation Inc located?
Mclaughlin Foundation Inc is headquartered in South Paris, Maine and files with the IRS under EIN 10509638. It is classified under NTEE code C410.
How many years of IRS 990 filings does Mclaughlin Foundation Inc have?
Mclaughlin Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $210K in total revenue.
Is Mclaughlin Foundation Inc a good charity?
Based on the available data, Mclaughlin Foundation Inc appears to be a well-managed charity with stable finances, low liabilities, and a notable commitment to not paying executive compensation, which suggests a high proportion of funds could go towards its mission.
How does Mclaughlin Foundation Inc manage its expenses?
The organization consistently manages its expenses below its revenue, as seen in 2023 ($154,488 expenses vs. $179,437 revenue), indicating sound financial control. The absence of officer compensation further suggests efficient expense management.
What is the trend in Mclaughlin Foundation Inc's assets?
Mclaughlin Foundation Inc's assets have remained relatively stable over the past few years, fluctuating around $650,000 to $700,000, with $658,664 reported in 2023, indicating consistent financial stability.
Filing History
IRS 990 filing history for Mclaughlin Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mclaughlin Foundation Inc's revenue has grown by 5.1%, moving from $171K to $179K. Total assets increased by 85.5% over the same period, from $355K to $659K. Total functional expenses fell by 11.4%, from $174K to $154K. In its most recent filing year (2023), Mclaughlin Foundation Inc reported a surplus of $25K, with revenue exceeding expenses. The organization holds $31K in liabilities against $659K in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $628K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $179K | $154K | $659K | $31K | — | — |
| 2022 | $205K | $182K | $675K | $32K | — | — |
| 2021 | $199K | $181K | $724K | $51K | — | View 990 |
| 2020 | $202K | $153K | $698K | $33K | — | — |
| 2019 | $227K | $180K | $651K | $34K | — | View 990 |
| 2018 | $232K | $226K | $633K | $30K | — | View 990 |
| 2017 | $148K | $230K | $680K | $32K | — | View 990 |
| 2016 | $145K | $224K | $782K | $52K | — | View 990 |
| 2015 | $223K | $209K | $855K | $47K | — | View 990 |
| 2014 | $197K | $148K | $821K | $26K | — | View 990 |
| 2013 | $533K | $142K | $769K | $24K | — | View 990 |
| 2012 | $153K | $98K | $379K | $24K | — | View 990 |
| 2011 | $171K | $174K | $355K | $55K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $179K, expenses of $154K, and assets of $659K (revenue -12.7% year-over-year).
- 2022: Revenue of $205K, expenses of $182K, and assets of $675K (revenue +3.2% year-over-year).
- 2021: Revenue of $199K, expenses of $181K, and assets of $724K (revenue -1.3% year-over-year).
- 2020: Revenue of $202K, expenses of $153K, and assets of $698K (revenue -11.3% year-over-year).
- 2019: Revenue of $227K, expenses of $180K, and assets of $651K (revenue -2.2% year-over-year).
- 2018: Revenue of $232K, expenses of $226K, and assets of $633K (revenue +56.8% year-over-year).
- 2017: Revenue of $148K, expenses of $230K, and assets of $680K (revenue +1.9% year-over-year).
- 2016: Revenue of $145K, expenses of $224K, and assets of $782K (revenue -34.8% year-over-year).
- 2015: Revenue of $223K, expenses of $209K, and assets of $855K (revenue +13.5% year-over-year).
- 2014: Revenue of $197K, expenses of $148K, and assets of $821K (revenue -63.1% year-over-year).
- 2013: Revenue of $533K, expenses of $142K, and assets of $769K (revenue +249.0% year-over-year).
- 2012: Revenue of $153K, expenses of $98K, and assets of $379K (revenue -10.6% year-over-year).
- 2011: Revenue of $171K, expenses of $174K, and assets of $355K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mclaughlin Foundation Inc:
Data Sources and Methodology
This transparency report for Mclaughlin Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.