Quick charity verification for Eastport Public Library Association (EIN: 10211502)
Verdict: Eastport Public Library Association appears trustworthy
95/100Mission Score
$242KRevenue
$2.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $1.2M in 2015 to $2.9M currently.
Zero officer compensation reported across all filings, indicating volunteer leadership.
Very low liabilities, often $0, reflecting strong financial management.
Expenses consistently well below revenue, allowing for reinvestment and growth.
High program spending efficiency due to minimal administrative and fundraising overhead.
Spending Breakdown
How Eastport Public 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 Eastport Public Library Association
Is Eastport Public Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Eastport Public Library Association (EIN: 10211502) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Eastport Public Library Association a good charity to donate to?
Eastport Public Library Association has a Mission Score of 95/100. Revenue: $242K. Assets: $2.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Eastport Public Library Association?
The Employer Identification Number (EIN) for Eastport Public Library Association is 10211502. 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 Eastport Public Library Association spend its money?
Eastport Public Library Association allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Eastport Public Library Association's tax-exempt status?
You can verify Eastport Public Library Association's tax-exempt status using EIN 10211502 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 Eastport Public Library Association demonstrates strong financial health and a commendable commitment to its mission, as evidenced by its IRS 990 filings. The organization consistently maintains a healthy asset base, growing from $1.2 million in 2015 to nearly $2.9 million currently, indicating effective asset management and long-term stability. Revenue has fluctuated, with a notable spike to over $900,000 in 2022, but generally remains robust, supporting its operations. The organization's expenses are consistently well below its revenue, allowing for asset growth and indicating efficient use of funds.
Spending efficiency appears high, with expenses typically ranging from $74,000 to $132,000 annually, while revenue often significantly exceeds these amounts. This suggests a lean operational structure and a focus on direct program delivery. The absence of reported officer compensation across all filings is a significant indicator of transparency and a volunteer-driven leadership model, which further enhances its financial efficiency. The organization's liabilities are consistently low or non-existent, reflecting sound financial management and minimal debt burden.
Overall, the Eastport Public Library Association exhibits excellent financial stewardship. Its consistent asset growth, low liabilities, and lack of executive compensation point to a well-managed and transparent organization dedicated to its public service mission. The financial data suggests a strong capacity to sustain and expand its library services to the community.