Quick charity verification for Bremen Library Association (EIN: 10324317)
Verdict: Bremen Library Association appears trustworthy
95/100Mission Score
$89KRevenue
$478KAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the most recent filing (202406), with expenses at $77,208 against revenue of $63,951, indicating a deficit for that period.
Strengths
Consistent growth in assets, from $298,218 in 2014 to $438,497 in 2024, demonstrating long-term financial stability.
Zero officer compensation reported across all filings, indicating a highly volunteer-driven and efficient leadership structure.
Minimal to no liabilities reported over the past decade, reflecting sound financial management and low debt burden.
Consistent IRS 990 filings over 12 periods, showcasing strong transparency and compliance.
Spending Breakdown
How Bremen Library Association allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Bremen Library Association
Is Bremen Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Bremen Library Association (EIN: 10324317) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
Is Bremen Library Association a good charity to donate to?
Bremen Library Association has a Mission Score of 95/100. Revenue: $89K. Assets: $478K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bremen Library Association?
The Employer Identification Number (EIN) for Bremen Library Association is 10324317. 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 Bremen Library Association spend its money?
Bremen Library Association allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bremen Library Association's tax-exempt status?
You can verify Bremen Library Association's tax-exempt status using EIN 10324317 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 Bremen Library Association demonstrates consistent financial stability, with assets growing from $298,218 in 2014 to $438,497 in 2024. Revenue has fluctuated, with a notable peak of $110,454 in 2023, but generally covers expenses, indicating sound operational management. The organization consistently reports zero officer compensation, which is a strong indicator of volunteer-driven leadership and efficient use of funds directly for its mission. This practice enhances donor confidence and suggests a high degree of financial prudence.
The organization's spending efficiency appears strong, as evidenced by its ability to maintain operations and grow assets without incurring significant liabilities. The absence of officer compensation means that a very high percentage of its expenditures are likely directed towards program services and essential administrative functions. While specific program spending ratios are not detailed in the provided data, the overall financial health and lack of executive compensation suggest a lean operational model focused on delivering its library services to the community.
Transparency is excellent given the consistent filing of IRS Form 990s and the clear reporting of financial metrics. The consistent zero officer compensation across all reported periods is a key transparency highlight, clearly indicating that leadership is unpaid. The organization's financial practices appear straightforward and dedicated to its mission, making it a transparent and accountable entity.