Quick charity verification for Stonington Public Library (EIN: 10339251)
Verdict: Stonington Public Library appears trustworthy
92/100Mission Score
$129KRevenue
$356KAssets
1Red Flags
5Strengths
Red Flags
No specific red flags identified based on the provided financial data.
Strengths
Consistent asset growth from $201,148 in 2017 to $324,151 in 2023.
Very low liabilities, consistently under $1,000 across all filings.
0% reported officer compensation, maximizing funds for programs.
Expenses consistently lower than revenue, indicating sound financial management.
Steady revenue stream, demonstrating consistent community support.
Spending Breakdown
How Stonington Public 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 Stonington Public Library
Is Stonington Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Stonington Public Library (EIN: 10339251) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Stonington Public Library a good charity to donate to?
Stonington Public Library has a Mission Score of 92/100. Revenue: $129K. Assets: $356K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Stonington Public Library?
The Employer Identification Number (EIN) for Stonington Public Library is 10339251. 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 Stonington Public Library spend its money?
Stonington Public Library allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Stonington Public Library's tax-exempt status?
You can verify Stonington Public Library's tax-exempt status using EIN 10339251 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
Stonington Public Library demonstrates consistent financial growth and strong program focus. Over the past seven years, its revenue has generally trended upwards, from $114,622 in 2017 to $102,079 in 2023 (with a peak of $128,780 in the latest available data), indicating stable community support. The organization's assets have also steadily increased, from $201,148 in 2017 to $324,151 in 2023, suggesting sound financial management and accumulation of resources. Liabilities remain very low, consistently under $1,000, which is a positive indicator of fiscal responsibility.
The library's spending efficiency appears high, with expenses consistently lower than revenue, allowing for asset growth. For instance, in 2023, expenses were $87,842 against $102,079 in revenue. The absence of officer compensation reported across all filings is a significant strength, implying that leadership is volunteer-based or compensated through other means not classified as officer compensation, which maximizes funds available for programs. This commitment to minimizing administrative overhead contributes to a high degree of financial transparency and efficiency.