Quick charity verification for Walker Memorial Library Trust (EIN: 10460437)
Verdict: Walker Memorial Library Trust appears trustworthy
90/100Mission Score
$5KRevenue
$126KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth (from $30,409 in 2011 to $126,448 in 2023)
Extremely low operating expenses (e.g., $1,386 in 2023 against $5,408 revenue)
0% officer compensation reported across all filings
No reported liabilities, indicating strong financial health
Consistent IRS 990 filing history demonstrating transparency
Spending Breakdown
How Walker Memorial Library Trust allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Walker Memorial Library Trust
Is Walker Memorial Library Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Walker Memorial Library Trust (EIN: 10460437) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Walker Memorial Library Trust a good charity to donate to?
Walker Memorial Library Trust has a Mission Score of 90/100. Revenue: $5K. Assets: $126K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Walker Memorial Library Trust?
The Employer Identification Number (EIN) for Walker Memorial Library Trust is 10460437. 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 Walker Memorial Library Trust spend its money?
Walker Memorial Library Trust allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Walker Memorial Library Trust's tax-exempt status?
You can verify Walker Memorial Library Trust's tax-exempt status using EIN 10460437 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 Walker Memorial Library Trust demonstrates consistent financial stability, primarily acting as a supporting organization for the library. With assets growing from $30,409 in 2011 to $126,448 in 2023, the organization has effectively managed its endowment. Its revenue streams, while modest (e.g., $5,408 in 2023), consistently exceed expenses in most years, indicating prudent financial management. The trust's operational model appears to be focused on asset growth and preservation to support its mission, rather than extensive direct program spending, which is typical for an endowment fund.
Spending efficiency is high, as evidenced by very low or zero reported expenses in several years (e.g., $0 in 2019 and 2020) and expenses significantly lower than revenue in others (e.g., $1,386 expenses vs. $5,408 revenue in 2023). This suggests that the trust incurs minimal overhead. Transparency is excellent, with a clear filing history and no reported liabilities or officer compensation, indicating that resources are dedicated to the trust's purpose without significant administrative drain or private benefit. The consistent filing of IRS Form 990 further enhances its transparency.