Quick charity verification for Somesville Library Association (EIN: 10230060)
Verdict: Somesville Library Association appears trustworthy
92/100Mission Score
$79KRevenue
$383KAssets
1Red Flags
4Strengths
Red Flags
Significant year-over-year revenue fluctuation (from $192,745 in 2022 to $48,560 in 2023) could indicate reliance on inconsistent funding sources or one-time large donations.
Strengths
Consistent asset growth from $309,805 to $326,212.
Zero reported liabilities in both filing periods.
0% officer compensation, indicating efficient use of funds for mission.
Stable expense levels despite revenue volatility, suggesting good cost control.
Spending Breakdown
How Somesville Library Association 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 Somesville Library Association
Is Somesville Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Somesville Library Association (EIN: 10230060) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Somesville Library Association a good charity to donate to?
Somesville Library Association has a Mission Score of 92/100. Revenue: $79K. Assets: $383K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Somesville Library Association?
The Employer Identification Number (EIN) for Somesville Library Association is 10230060. 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 Somesville Library Association spend its money?
Somesville Library Association allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Somesville Library Association's tax-exempt status?
You can verify Somesville Library Association's tax-exempt status using EIN 10230060 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 Somesville Library Association demonstrates a generally stable financial position with healthy asset growth over the past two years, increasing from $309,805 in 2022 to $326,212 in 2023. The organization consistently reports zero liabilities, indicating strong financial management and no outstanding debts. While revenue fluctuated significantly, from $192,745 in 2022 to $48,560 in 2023, expenses remained relatively consistent at around $33,000-$37,000, suggesting predictable operational costs. The organization's transparency is high, particularly given its small size, with no reported officer compensation, which is a positive indicator for donor trust and efficient use of funds. The NTEE code B70 (Libraries) aligns well with its mission, and the consistent asset growth despite revenue fluctuations suggests effective stewardship of resources.