Quick charity verification for Wayne Library Association (EIN: 16010995)
Verdict: Wayne Library Association appears trustworthy
95/100Mission Score
$586KRevenue
$1.8MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency.
Healthy and growing asset base, increasing from $1,089,873 in 2016 to $1,603,778 in 2023.
Generally positive operating margins, with revenues often exceeding expenses (e.g., $19,356 surplus in 2023).
Low liabilities across all periods, demonstrating sound financial management.
Extensive filing history (13 filings) indicating strong transparency and accountability.
Spending Breakdown
How Wayne Library Association allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Wayne Library Association
Is Wayne Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Wayne Library Association (EIN: 16010995) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Wayne Library Association a good charity to donate to?
Wayne Library Association has a Mission Score of 95/100. Revenue: $586K. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wayne Library Association?
The Employer Identification Number (EIN) for Wayne Library Association is 16010995. 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 Wayne Library Association spend its money?
Wayne Library Association allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wayne Library Association's tax-exempt status?
You can verify Wayne Library Association's tax-exempt status using EIN 16010995 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 Wayne Library Association demonstrates consistent financial stability and a strong commitment to its mission, as evidenced by its IRS 990 filings. Over the past decade, the organization has maintained a healthy asset base, growing from $1,089,873 in 2016 to $1,603,778 in 2023. Annual revenues have generally exceeded expenses, allowing for this asset growth, with the latest filing showing revenues of $143,596 against expenses of $124,240. This indicates prudent financial management and an ability to operate within its means.
The organization's spending efficiency appears high, particularly given that officer compensation has consistently been reported as 0% across all available filings. This suggests that resources are primarily directed towards program services and operational costs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a strong indicator of a lean operational structure.
Transparency is excellent, with 13 filings available, demonstrating a long history of public accountability. The consistent reporting of 0% officer compensation enhances trust and indicates a volunteer-driven or very modestly compensated leadership structure, which is often a hallmark of highly efficient smaller nonprofits. The low liabilities across all periods also point to sound financial practices and minimal debt.