Quick charity verification for Simpson Memorial Library (EIN: 10436781)
Verdict: Simpson Memorial Library appears trustworthy
92/100Mission Score
$69KRevenue
$718KAssets
2Red Flags
5Strengths
Red Flags
Unusually low expenses relative to assets, especially in the latest period, could indicate underinvestment in programs or a large endowment not fully utilized.
The sudden, large increase in assets to $718,036 without a corresponding spike in revenue in the latest available filing (2023 revenue $79,627) suggests a significant non-operating income event or revaluation that isn't immediately clear from the provided data.
Strengths
Consistent zero liabilities, indicating excellent financial stability and no debt.
Zero officer compensation, demonstrating a strong commitment to volunteerism and directing funds to mission.
Strong program spending efficiency, with minimal administrative and fundraising costs.
Consistent asset growth over time, indicating effective financial management and sustainability.
High transparency due to consistent and clear financial reporting with no complex financial structures.
Spending Breakdown
How Simpson Memorial 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 Simpson Memorial Library
Is Simpson Memorial Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Simpson Memorial Library (EIN: 10436781) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
Is Simpson Memorial Library a good charity to donate to?
Simpson Memorial Library has a Mission Score of 92/100. Revenue: $69K. Assets: $718K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Simpson Memorial Library?
The Employer Identification Number (EIN) for Simpson Memorial Library is 10436781. 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 Simpson Memorial Library spend its money?
Simpson Memorial Library allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Simpson Memorial Library's tax-exempt status?
You can verify Simpson Memorial Library's tax-exempt status using EIN 10436781 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
Simpson Memorial Library demonstrates consistent financial health with a strong focus on program spending and minimal administrative overhead. Over the past five years, the organization has consistently reported zero liabilities, indicating sound financial management and a lack of debt. For example, in 2023, with revenues of $79,627 and expenses of $37,340, the library operated efficiently, generating a surplus that contributed to asset growth. The significant increase in assets from $208,501 in 2019 to $312,970 in 2023, alongside a substantial jump to $718,036 in the latest reported period, suggests successful fundraising or investment strategies, particularly notable given the fluctuating but generally increasing revenue trend. The consistent reporting of 0% officer compensation further enhances its transparency and commitment to directing resources towards its mission.