Quick charity verification for Casco Library Association (EIN: 16022468)
Verdict: Casco Library Association appears trustworthy
95/100Mission Score
$348KRevenue
$1.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, reaching $1,161,362 in 2023.
Zero reported liabilities across most filing periods, indicating strong financial stability.
0% officer compensation reported in all available filings, demonstrating volunteer leadership.
Significant revenue increase in 2023 to $510,970, suggesting strong community support or successful fundraising.
Expenses generally well below revenue, allowing for asset accumulation and future program investment.
Spending Breakdown
How Casco 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 Casco Library Association
Is Casco Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Casco Library Association (EIN: 16022468) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Casco Library Association a good charity to donate to?
Casco Library Association has a Mission Score of 95/100. Revenue: $348K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Casco Library Association?
The Employer Identification Number (EIN) for Casco Library Association is 16022468. 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 Casco Library Association spend its money?
Casco Library Association allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Casco Library Association's tax-exempt status?
You can verify Casco Library Association's tax-exempt status using EIN 16022468 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 Casco Library Association demonstrates a strong financial position with consistently growing assets, reaching $1,161,362 in 2023. The organization's revenue has shown significant fluctuations, with a notable spike to $510,970 in 2023, up from $149,457 in 2022. Expenses have remained relatively stable over the years, indicating prudent management of operational costs. The association consistently reports zero liabilities, which is a strong indicator of financial stability and responsible fiscal management. The absence of officer compensation further enhances its transparency and commitment to mission-driven spending, as all resources appear to be directed towards the library's operations and programs.