Quick charity verification for Squirrel Island Library (EIN: 16015902)
Verdict: Squirrel Island Library appears trustworthy
75/100Mission Score
$0Revenue
$0Assets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown in available data
Small operational deficit in the latest period ($774)
Strengths
No reported officer compensation
Zero liabilities reported
Healthy asset base relative to revenue ($110,293 assets vs. $10,920 revenue)
Consistent filing history (1 filing available)
Spending Breakdown
How Squirrel Island Library 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 Squirrel Island Library
Is Squirrel Island Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Squirrel Island Library (EIN: 16015902) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Squirrel Island Library a good charity to donate to?
Squirrel Island Library has a Mission Score of 75/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Squirrel Island Library?
The Employer Identification Number (EIN) for Squirrel Island Library is 16015902. 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 Squirrel Island Library spend its money?
Squirrel Island Library allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Squirrel Island Library's tax-exempt status?
You can verify Squirrel Island Library's tax-exempt status using EIN 16015902 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 Squirrel Island Library appears to be a very small, community-focused organization with limited financial activity. In its latest filing (202112), it reported $10,920 in revenue and $11,694 in expenses, resulting in a slight deficit for the period. Its assets stood at $110,293 with no liabilities, indicating a healthy balance sheet relative to its operational scale. Given its size and the absence of reported officer compensation, the organization likely relies heavily on volunteers and operates with minimal overhead. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging, but the overall financial picture suggests a stable, albeit small, operation.
Transparency is moderate based on the limited data. While a 990 filing is available, the absence of an NTEE code and detailed expense categories limits deeper analysis. The organization's small scale and likely volunteer-driven nature might explain the simplicity of its financial reporting. Without further information on program activities and specific expenditures, it's difficult to fully evaluate its operational efficiency beyond the basic revenue and expense figures. However, the zero liabilities and modest asset base suggest responsible financial stewardship for an organization of its size.