Quick charity verification for Jesup Memorial Library (EIN: 10214017)
Verdict: Jesup Memorial Library appears trustworthy
85/100Mission Score
$1.9MRevenue
$16.3MAssets
2Red Flags
4Strengths
Red Flags
Unusually low reported liabilities relative to assets, especially in earlier years, which could indicate incomplete reporting or specific financial structures.
Consistent 0% officer compensation for an organization of this size and asset base, which is highly atypical and warrants further scrutiny into how leadership is compensated or structured.
Strengths
Strong and consistent asset growth over the past decade, indicating robust financial management and fundraising success (from $3.4M in 2012 to $16.3M currently).
Significant revenue generation, with a peak of over $6.3 million in 2022, demonstrating strong donor support.
Low liabilities relative to assets, suggesting a healthy balance sheet and financial stability.
Consistent reporting of 0% officer compensation, implying that resources are directed away from executive salaries.
Spending Breakdown
How Jesup Memorial Library allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Jesup Memorial Library
Is Jesup Memorial Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Jesup Memorial Library (EIN: 10214017) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Jesup Memorial Library a good charity to donate to?
Jesup Memorial Library has a Mission Score of 85/100. Revenue: $1.9M. Assets: $16.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Jesup Memorial Library?
The Employer Identification Number (EIN) for Jesup Memorial Library is 10214017. 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 Jesup Memorial Library spend its money?
Jesup Memorial Library allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Jesup Memorial Library's tax-exempt status?
You can verify Jesup Memorial Library's tax-exempt status using EIN 10214017 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 Jesup Memorial Library demonstrates strong financial health, particularly in recent years, with significant growth in both revenue and assets. For instance, revenue surged from $1,935,683 in the latest period to $6,370,659 in 2022, and assets grew from $3,404,367 in 2012 to $16,311,354 currently. This indicates successful fundraising and asset management. The organization consistently reports 0% officer compensation, which is a positive indicator of resource allocation directly to its mission rather than executive salaries. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall financial picture suggests a well-managed and growing institution. The consistent increase in assets over the past decade, far outpacing liabilities, points to long-term financial stability and capacity for future programming.