Lack of detailed program spending breakdown in provided data (though inferred high due to 0% officer comp)
Strengths
Consistent asset growth, from $9.69M in 2014 to $11.27M in 2023.
Zero reported officer compensation across all filings, indicating high efficiency.
Consistent revenue exceeding expenses in most years, demonstrating financial stability.
Very low liabilities relative to assets, indicating strong financial management.
Long history of IRS 990 filings (13 filings), suggesting transparency and compliance.
Spending Breakdown
How Northeast Harbor Library 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 Northeast Harbor Library
Is Northeast Harbor Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Northeast Harbor Library (EIN: 10220091) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Northeast Harbor Library a good charity to donate to?
Northeast Harbor Library has a Mission Score of 95/100. Revenue: $3.5M. Assets: $11.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Northeast Harbor Library?
The Employer Identification Number (EIN) for Northeast Harbor Library is 10220091. 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 Northeast Harbor Library spend its money?
Northeast Harbor Library allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Northeast Harbor Library's tax-exempt status?
You can verify Northeast Harbor Library's tax-exempt status using EIN 10220091 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 Northeast Harbor Library demonstrates consistent financial stability and growth, with assets steadily increasing from $9.69 million in 2014 to $11.27 million in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $922,066 exceeded expenses of $808,470. This indicates sound financial management and an ability to build reserves. The library's transparency is high, particularly due to its consistent reporting of 0% officer compensation, which suggests a volunteer-led or very lean administrative structure at the executive level. This practice enhances public trust and indicates that resources are primarily directed towards the library's mission rather than high executive salaries.
While specific program spending ratios are not detailed in the provided data, the absence of officer compensation is a strong indicator of efficient resource allocation. The organization's revenue has shown a positive trend over the past decade, with some fluctuations, but generally maintaining a strong base to support its operations. The relatively low liabilities across all reported periods, such as $29,981 in 2023, further underscore a healthy balance sheet and responsible financial stewardship. Overall, the Northeast Harbor Library appears to be a well-managed and financially robust institution.