Consistent asset growth (from $1,375,985 in 2016 to $1,845,562 in 2023)
Extremely low expenses relative to revenue (e.g., $80,874 expenses vs. $224,728 revenue in 2023)
Zero reported officer compensation across all filings
Minimal to no liabilities reported
Strong financial stability and sustainability
Spending Breakdown
How Cohasset Library Trust Inc 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 Cohasset Library Trust Inc
Is Cohasset Library Trust Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cohasset Library Trust Inc (EIN: 205972912) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Cohasset Library Trust Inc a good charity to donate to?
Cohasset Library Trust Inc has a Mission Score of 95/100. Revenue: $739K. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cohasset Library Trust Inc?
The Employer Identification Number (EIN) for Cohasset Library Trust Inc is 205972912. 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 Cohasset Library Trust Inc spend its money?
Cohasset Library Trust Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cohasset Library Trust Inc's tax-exempt status?
You can verify Cohasset Library Trust Inc's tax-exempt status using EIN 205972912 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 Cohasset Library Trust Inc. demonstrates strong financial health and a clear commitment to its mission of supporting the Cohasset Library. Over the past several years, the organization has consistently maintained a healthy asset base, growing from $1,375,985 in 2016 to $1,845,562 in 2023, with minimal to no liabilities. This indicates sound financial management and a stable foundation. The organization's revenue has shown positive trends, particularly in the most recent filings, with $224,728 in 2023 and $215,521 in 2022, significantly exceeding expenses of $80,874 and $76,469 respectively. This consistent surplus allows for continued growth of its endowment and support for library programs.
Spending efficiency appears high, as the organization's expenses are relatively low compared to its revenue and asset base. With no reported officer compensation, it suggests that administrative costs are likely minimal, allowing a greater proportion of funds to directly benefit the library. The consistent growth in assets while keeping expenses low points to an effective strategy for long-term sustainability and impact. The absence of liabilities across most filing periods further underscores its prudent financial practices.
Transparency is excellent, as evidenced by the consistent filing of IRS Form 990s over 13 periods and the clear reporting of financial metrics. The zero officer compensation reported across all available filings is a significant indicator of a volunteer-driven or very lean operational structure, which enhances trust and demonstrates a focus on mission over executive pay. The organization's financial data suggests a well-managed and transparent entity dedicated to its stated purpose.