Consistent financial stability with a healthy asset base.
Spending Breakdown
How Carver Memorial Library Association allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Carver Memorial Library Association
Is Carver Memorial Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Carver Memorial Library Association (EIN: 16019125) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Carver Memorial Library Association a good charity to donate to?
Carver Memorial Library Association has a Mission Score of 90/100. Revenue: $82K. Assets: $547K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Carver Memorial Library Association?
The Employer Identification Number (EIN) for Carver Memorial Library Association is 16019125. 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 Carver Memorial Library Association spend its money?
Carver Memorial Library Association allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Carver Memorial Library Association's tax-exempt status?
You can verify Carver Memorial Library Association's tax-exempt status using EIN 16019125 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 Carver Memorial Library Association appears to be in a stable financial position, with its latest filing showing assets of $511,710 and no liabilities, indicating strong financial health. The organization's revenue of $99,889 significantly exceeded its expenses of $40,361 in the 2023 period, suggesting efficient management of resources and a healthy surplus. While specific breakdowns of program, administrative, and fundraising expenses are not detailed in the provided summary, the overall financial picture points to a well-managed entity. The absence of officer compensation also suggests a volunteer-driven leadership or very modest operational overhead, contributing to its efficiency. The organization's consistent asset growth from $546,529 (latest available) to $511,710 (2023 period) further reinforces its financial stability, although the slight decrease in assets between the latest available and the 2023 period should be noted, it does not appear to be a significant concern given the overall positive financial health.