Quick charity verification for Margaret Reaney Memorial Lib (EIN: 156014999)
Verdict: Margaret Reaney Memorial Lib appears trustworthy
70/100Mission Score
$0Revenue
$0Assets
1Red Flags
2Strengths
Red Flags
Consistent operating deficits, with expenses exceeding revenue in all reported years (e.g., $2,437 expenses vs. $1,555 revenue in 2015).
Strengths
Zero officer compensation, indicating efficient use of funds and likely volunteer leadership.
Stable asset base, growing from $35,523 in 2011 to $39,572 in 2015, providing some financial cushion.
Spending Breakdown
How Margaret Reaney Memorial Lib 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 Margaret Reaney Memorial Lib
Is Margaret Reaney Memorial Lib a legitimate charity?
Based on AI analysis of IRS 990 filings, Margaret Reaney Memorial Lib (EIN: 156014999) appears trustworthy. Mission Score: 70/100. 1 red flag identified, 2 strengths noted.
Is Margaret Reaney Memorial Lib a good charity to donate to?
Margaret Reaney Memorial Lib has a Mission Score of 70/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Margaret Reaney Memorial Lib?
The Employer Identification Number (EIN) for Margaret Reaney Memorial Lib is 156014999. 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 Margaret Reaney Memorial Lib spend its money?
Margaret Reaney Memorial Lib allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Margaret Reaney Memorial Lib's tax-exempt status?
You can verify Margaret Reaney Memorial Lib's tax-exempt status using EIN 156014999 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 Margaret Reaney Memorial Library appears to be a very small organization with limited financial activity. Over the past five years, its annual revenue has fluctuated between $1,510 and $5,675, while expenses have remained relatively stable, ranging from $2,250 to $2,661. This indicates that the organization consistently spends more than it brings in through revenue, relying on its assets to cover the difference. Its asset base has shown modest growth over the period, from $35,523 in 2011 to $39,572 in 2015, suggesting a stable, albeit small, endowment or reserve. The organization reports zero officer compensation across all filings, which is common for very small, volunteer-run entities and suggests efficient use of funds for its primary mission, assuming services are delivered effectively by volunteers.