Is Free Public Library Association Of Vassalboro Legit?
Quick charity verification for Free Public Library Association Of Vassalboro (EIN: 10476852)
Verdict: Free Public Library Association Of Vassalboro appears trustworthy
95/100Mission Score
$147KRevenue
$513KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $267,255 in 2015 to $513,499 currently.
Zero reported liabilities across all filing periods.
0% officer compensation, indicating a volunteer-driven leadership.
Revenue consistently exceeds expenses, allowing for financial stability and growth (e.g., 202406: Revenue=$143,191, Expenses=$118,366).
Strong increase in revenue over the past decade, suggesting growing community support.
Spending Breakdown
How Free Public Library Association Of Vassalboro allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Free Public Library Association Of Vassalboro
Is Free Public Library Association Of Vassalboro a legitimate charity?
Based on AI analysis of IRS 990 filings, Free Public Library Association Of Vassalboro (EIN: 10476852) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Free Public Library Association Of Vassalboro a good charity to donate to?
Free Public Library Association Of Vassalboro has a Mission Score of 95/100. Revenue: $147K. Assets: $513K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Free Public Library Association Of Vassalboro?
The Employer Identification Number (EIN) for Free Public Library Association Of Vassalboro is 10476852. 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 Free Public Library Association Of Vassalboro spend its money?
Free Public Library Association Of Vassalboro allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Free Public Library Association Of Vassalboro's tax-exempt status?
You can verify Free Public Library Association Of Vassalboro's tax-exempt status using EIN 10476852 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 Free Public Library Association Of Vassalboro demonstrates consistent financial health and growth over the past decade. Their assets have steadily increased from $267,255 in 2015 to $513,499 currently, indicating sound financial management and accumulation of resources. Revenue has also shown a positive trend, with the latest reported revenue at $147,304, significantly higher than previous years, suggesting increased community support or successful fundraising efforts.
The organization appears to be highly efficient in its spending, with expenses generally well below revenue, allowing for asset growth. For instance, in 202206, revenue was $118,502 while expenses were only $63,596. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-driven leadership, which is a strong indicator of fiscal responsibility and dedication to the mission. The absence of liabilities in all reported periods further underscores a healthy financial position.
Transparency is excellent, as evidenced by the consistent filing of IRS Form 990s and the clear financial data provided. The lack of officer compensation and liabilities, combined with steady asset growth and a positive revenue-to-expense ratio, paints a picture of a well-managed and financially stable nonprofit dedicated to its public library mission.