Is Dorcas Library Assoc Legit?

Strengths

Consistent asset growth, from $459,563 in 2011 to $485,441 in 2023.
Zero reported officer compensation across all filings, indicating high operational efficiency.
Healthy revenue growth, with 2023 revenue of $92,123 significantly higher than earlier years.
Low liabilities, consistently near zero, demonstrating strong financial management.
Consistent positive net income in recent years (e.g., $92,123 revenue vs. $62,089 expenses in 2023).

Spending Breakdown

How Dorcas Library Assoc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Dorcas Library Assoc

Is Dorcas Library Assoc a legitimate charity?

Based on AI analysis of IRS 990 filings, Dorcas Library Assoc (EIN: 10458421) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is Dorcas Library Assoc a good charity to donate to?

Dorcas Library Assoc has a Mission Score of 92/100. Revenue: $97K. Assets: $511K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Dorcas Library Assoc?

The Employer Identification Number (EIN) for Dorcas Library Assoc is 10458421. 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 Dorcas Library Assoc spend its money?

Dorcas Library Assoc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Dorcas Library Assoc's tax-exempt status?

You can verify Dorcas Library Assoc's tax-exempt status using EIN 10458421 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 Dorcas Library Assoc demonstrates consistent financial stability with growing assets and a healthy revenue stream. Over the past five years, assets have steadily increased from $455,744 in 2022 to $485,441 in 2023, indicating sound financial management and asset growth. The organization consistently operates with a positive net income, as seen in 2023 where revenue of $92,123 exceeded expenses of $62,089. This suggests efficient use of resources relative to its operational scale. The absence of officer compensation reported across all available filings points to a volunteer-driven leadership model, which is a strong indicator of financial efficiency and a commitment to directing funds towards the mission rather than administrative overhead.

Spending efficiency appears strong, particularly given the zero reported officer compensation. This suggests that a very high percentage of expenses are likely directed towards program services and direct operational costs of the library. While a detailed breakdown of program vs. administrative vs. fundraising expenses isn't explicitly provided in the summary data, the lack of executive compensation is a significant positive factor for efficiency. The organization's liabilities have remained very low or zero for most periods, with a slight increase to $934 in 2023, which is still negligible compared to its assets, further indicating prudent financial management.

Transparency is generally good, with consistent annual filings available. The clear reporting of revenue, expenses, assets, and liabilities over multiple years allows for a good overview of financial trends. The consistent reporting of 0% officer compensation is a transparent and positive disclosure. For a small, community-focused library, this level of transparency is commendable and builds trust with its stakeholders.

Verdict: Dorcas Library Assoc appears trustworthy