Quick charity verification for Topsham Public Library (EIN: 10268926)
Verdict: Topsham Public Library appears trustworthy
90/100Mission Score
$970KRevenue
$1.7MAssets
1Red Flags
4Strengths
Red Flags
NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
Consistent 0% officer compensation across all filings, indicating strong financial stewardship.
Significant growth in assets from $350,312 in 201406 to $1,715,609 currently, demonstrating financial stability and growth.
Low liabilities relative to assets, indicating a healthy balance sheet.
Revenues generally cover expenses, showing sound financial management (e.g., 202206 revenue $916,950 vs. expenses $900,425).
Spending Breakdown
How Topsham Public 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 Topsham Public Library
Is Topsham Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Topsham Public Library (EIN: 10268926) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Topsham Public Library a good charity to donate to?
Topsham Public Library has a Mission Score of 90/100. Revenue: $970K. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Topsham Public Library?
The Employer Identification Number (EIN) for Topsham Public Library is 10268926. 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 Topsham Public Library spend its money?
Topsham Public Library allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Topsham Public Library's tax-exempt status?
You can verify Topsham Public Library's tax-exempt status using EIN 10268926 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
Topsham Public Library demonstrates consistent financial operations, with revenues generally aligning with or slightly exceeding expenses over the past decade. For instance, in 202206, revenue was $916,950 against expenses of $900,425, indicating sound management. The organization's assets have shown significant growth, from $350,312 in 201406 to $1,715,609 currently, suggesting effective asset accumulation and potentially successful fundraising or investment strategies. Liabilities remain relatively low, indicating a healthy balance sheet. The consistent reporting of 0% officer compensation across all filings suggests a strong commitment to directing funds towards the library's mission rather than executive salaries, enhancing its financial efficiency and transparency profile. While specific program spending details are not provided in the summary data, the overall financial stability and lack of executive compensation are positive indicators.