Quick charity verification for Oceanic Free Library Association (EIN: 210644462)
Verdict: Oceanic Free Library Association appears trustworthy
90/100Mission Score
$355KRevenue
$1.0MAssets
1Red Flags
5Strengths
Red Flags
NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
Consistent asset growth from $694,304 in 2014 to $984,250 in 2023.
Extremely low liabilities across all reported periods, indicating strong financial management.
0% officer compensation reported in all filings, suggesting efficient use of funds.
Expenses consistently below revenue in most years, allowing for asset accumulation.
Long history of consistent IRS 990 filings (13 filings), demonstrating transparency.
Spending Breakdown
How Oceanic 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 Oceanic Free Library Association
Is Oceanic Free Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Oceanic Free Library Association (EIN: 210644462) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Oceanic Free Library Association a good charity to donate to?
Oceanic Free Library Association has a Mission Score of 90/100. Revenue: $355K. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Oceanic Free Library Association?
The Employer Identification Number (EIN) for Oceanic Free Library Association is 210644462. 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 Oceanic Free Library Association spend its money?
Oceanic 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 Oceanic Free Library Association's tax-exempt status?
You can verify Oceanic Free Library Association's tax-exempt status using EIN 210644462 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 Oceanic Free Library Association demonstrates consistent financial health, with assets steadily growing from $694,304 in 2014 to $984,250 in 2023. The organization consistently operates with low liabilities, indicating a strong balance sheet and responsible financial management. Revenue has fluctuated but generally shows an upward trend over the decade, with the latest reported revenue at $236,320 in 2023. The absence of reported officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which is a positive indicator for donor confidence and efficient use of funds.
The organization's spending efficiency appears strong, as expenses are consistently lower than revenue in most years, allowing for asset accumulation. For example, in 2023, expenses were $181,661 against $236,320 in revenue. The lack of detailed functional expense breakdowns in the provided data makes a precise assessment of program versus administrative spending challenging. However, the overall financial stability and growth in assets suggest that funds are being managed effectively to support the library's mission.
Transparency is generally good, with consistent IRS 990 filings over a long period. The clear reporting of revenue, expenses, assets, and liabilities provides a solid overview of the organization's financial activities. The explicit reporting of zero officer compensation enhances transparency regarding executive pay practices. To further improve transparency, a detailed breakdown of program, administrative, and fundraising expenses would be beneficial for stakeholders.