Is Falmouth Memorial Library Association…

Quick charity verification for Falmouth Memorial Library Association (EIN: 16004444)

Strengths

Consistent operating surpluses, such as $67,324 in 202406, indicating sound financial management.
Robust and growing asset base, reaching $4,600,107 in 202406, providing long-term stability.
Extremely low liabilities, at $81,920 in 202406, suggesting minimal debt and strong financial health.
Zero reported officer compensation across all filings, indicating high efficiency and dedication to mission.
Strong history of IRS 990 filings (14 filings), demonstrating consistent transparency and compliance.

Spending Breakdown

How Falmouth Memorial Library Association 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 Falmouth Memorial Library Association

Is Falmouth Memorial Library Association a legitimate charity?

Based on AI analysis of IRS 990 filings, Falmouth Memorial Library Association (EIN: 16004444) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is Falmouth Memorial Library Association a good charity to donate to?

Falmouth Memorial Library Association has a Mission Score of 92/100. Revenue: $1.2M. Assets: $4.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Falmouth Memorial Library Association?

The Employer Identification Number (EIN) for Falmouth Memorial Library Association is 16004444. 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 Falmouth Memorial Library Association spend its money?

Falmouth Memorial Library Association allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Falmouth Memorial Library Association's tax-exempt status?

You can verify Falmouth Memorial Library Association's tax-exempt status using EIN 16004444 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 Falmouth Memorial Library Association demonstrates consistent financial health with stable revenue streams and a strong asset base. In the most recent filing (202406), the organization reported revenues of $1,168,978 against expenses of $1,101,654, indicating a healthy operating surplus. Over the past several years, revenues have generally exceeded expenses, contributing to a robust asset base, which stood at $4,600,107 in 202406. The organization's liabilities are consistently low, at $81,920 in 202406, suggesting good financial management and minimal debt burden.

The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence. While a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the overall financial picture suggests that a significant portion of funds are likely directed towards its mission, given the low overhead implied by zero officer compensation.

Transparency is high regarding executive compensation, with a clear indication of no officer compensation reported. The consistent filing of IRS Form 990s over 14 periods further enhances transparency, allowing for a comprehensive historical review of its financial activities. The organization's stable financial position, low liabilities, and consistent reporting practices contribute to a positive assessment of its financial health and transparency.

Is Falmouth Memorial Library Association Legit?

Verdict: Falmouth Memorial Library Association appears trustworthy