Quick charity verification for Kennebunk Free Library Association (EIN: 10249983)
Verdict: Kennebunk Free Library Association appears trustworthy
90/100Mission Score
$1.2MRevenue
$2.4MAssets
1Red Flags
4Strengths
Red Flags
Consistent operating deficits in recent years (e.g., $169,570 in 202306, $79,905 in 202206) could indicate a need for revenue growth or expense management.
Strengths
Zero reported officer compensation across all filings, demonstrating excellent financial stewardship.
Strong and stable asset base (over $2.3 million in 202306) provides financial resilience.
Consistently low liabilities indicate minimal debt and sound financial management.
Consistent filing history of IRS Form 990s demonstrates transparency and compliance.
Spending Breakdown
How Kennebunk Free Library Association allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Kennebunk Free Library Association
Is Kennebunk Free Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Kennebunk Free Library Association (EIN: 10249983) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Kennebunk Free Library Association a good charity to donate to?
Kennebunk Free Library Association has a Mission Score of 90/100. Revenue: $1.2M. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kennebunk Free Library Association?
The Employer Identification Number (EIN) for Kennebunk Free Library Association is 10249983. 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 Kennebunk Free Library Association spend its money?
Kennebunk Free Library Association allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kennebunk Free Library Association's tax-exempt status?
You can verify Kennebunk Free Library Association's tax-exempt status using EIN 10249983 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 Kennebunk Free Library Association demonstrates consistent financial activity, with revenues and expenses generally in the range of $800,000 to $1,100,000 over the past decade. While the organization reported a deficit in several recent years, such as 202306 (Revenue $924,642 vs. Expenses $1,094,212) and 202206 (Revenue $951,000 vs. Expenses $1,030,905), its asset base remains robust, standing at $2,305,550 in 202306, indicating a healthy reserve. The organization's liabilities are consistently low, suggesting good financial management and minimal debt burden.
The absence of reported officer compensation across all available filings is a significant indicator of strong financial stewardship and a commitment to directing funds towards the organization's mission rather than executive salaries. This practice enhances public trust and suggests a volunteer-driven or very modestly compensated leadership structure. The consistent filing of IRS Form 990s over 12 periods also points to a high level of transparency and adherence to regulatory requirements, allowing for public scrutiny of its financial operations.