How Cornish Library Association allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Cornish Library Association
Is Cornish Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Cornish Library Association (EIN: 16014486) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Cornish Library Association a good charity to donate to?
Cornish Library Association has a Mission Score of 90/100. Revenue: $73K. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cornish Library Association?
The Employer Identification Number (EIN) for Cornish Library Association is 16014486. 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 Cornish Library Association spend its money?
Cornish Library Association allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cornish Library Association's tax-exempt status?
You can verify Cornish Library Association's tax-exempt status using EIN 16014486 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 Cornish Library Association demonstrates consistent financial stability, with assets steadily growing from $943,855 in 2014 to $1,370,242 in 2023. The organization consistently operates with zero liabilities, indicating a very healthy balance sheet and responsible financial management. While revenue has fluctuated, such as a high of $206,485 in 2014 and a low of $30,853 in 2017, expenses have remained relatively stable, typically in the $48,000-$66,000 range. This suggests predictable operational costs and a conservative spending approach.
The organization's spending efficiency appears strong, particularly given the consistent absence of officer compensation, which implies a volunteer-driven leadership model. This significantly reduces administrative overhead, allowing a greater proportion of funds to be directed towards its mission. The consistent growth in assets, even during periods where expenses exceeded revenue (e.g., 2023, 2020, 2019), suggests effective endowment management or other non-operating income sources contributing to long-term sustainability. The lack of liabilities further reinforces its strong financial position.
In terms of transparency, the consistent filing of IRS Form 990s over 12 periods is a positive indicator. The absence of officer compensation is a key transparency point, showing that leadership is not drawing salaries from the organization. The consistent financial reporting, with clear asset growth and no liabilities, provides a good foundation for public trust. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, a full assessment of spending efficiency is limited.