Readfield Corner Water Association
Readfield Corner Water Association reports no financial activity, operating with $0 revenue and assets.
EIN: 10439527 · Readfield, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Program Spending | 100% |
| CEO/Top Officer Pay | $0 |
| Transparency Score | 50/100 |
Is Readfield Corner Water Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Readfield Corner Water Association directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Readfield Corner Water Association
Readfield Corner Water Association (EIN: 10439527) is a nonprofit organization based in Readfield, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Readfield Corner Water Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Readfield Corner Water Association with a Mission Score of 50 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Readfield Corner Water Association allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
No executive compensation is reported, which is consistent with an organization reporting $0 in revenue and assets, suggesting a volunteer-led structure.
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 Readfield Corner Water Association's IRS 990 filings:
- No reported revenue or assets, making financial analysis impossible
- Limited transparency due to minimal reporting on 990-N
Strengths
The following positive indicators were identified for Readfield Corner Water Association:
- Likely volunteer-driven given $0 revenue and assets
- Filing of 990-N demonstrates basic compliance
Frequently Asked Questions about Readfield Corner Water Association
Is Readfield Corner Water Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Readfield Corner Water Association (EIN: 10439527) some concerns. Mission Score: 50/100. 2 red flags identified, 2 strengths noted.
How does Readfield Corner Water Association spend its money?
Readfield Corner Water Association directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Readfield Corner Water Association tax-deductible?
Readfield Corner Water Association is registered as a tax-exempt nonprofit (EIN: 10439527). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Readfield Corner Water Association CEO make?
Readfield Corner Water Association's highest-compensated officer earns $0 annually. Executive compensation data is disclosed in IRS 990 filings.
Where is Readfield Corner Water Association located?
Readfield Corner Water Association is headquartered in Readfield, Maine and files with the IRS under EIN 10439527.
Is Readfield Corner Water Association a good charity?
Based on the available IRS 990 data, it's impossible to determine if Readfield Corner Water Association is a 'good charity' in the traditional sense, as no financial activities are reported. Its purpose as a water association suggests a community service, but without financial details, efficiency or impact cannot be assessed.
How does Readfield Corner Water Association fund its operations?
The IRS 990-N filing indicates $0 in revenue, suggesting that the organization either operates on an entirely volunteer basis with no monetary transactions, or its funding mechanisms are not captured in this specific filing, possibly through in-kind contributions or direct pass-through funds not considered revenue.
Data Sources and Methodology
This transparency report for Readfield Corner Water Association 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.