Blue Hill Public Library Inc
Blue Hill Public Library Inc consistently grows assets and maintains financial stability with zero reported officer compensation.
EIN: 10212602 · Blue Hill, ME · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $895K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $10.4M |
| Transparency Score | 95/100 |
Is Blue Hill Public Library Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Blue Hill Public Library Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Blue Hill Public Library Inc
Blue Hill Public Library Inc (EIN: 10212602) is a nonprofit organization based in Blue Hill, ME, classified under NTEE code B71Z. The organization reported total revenue of $1.9M and total assets of $11.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blue Hill Public Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blue Hill Public Library Inc is a mid-size nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $895K |
| Surplus / Deficit | +$179K |
| Total Assets | $10.5M |
| Total Liabilities | $34K |
| Net Assets | $10.4M |
| Operating Margin | 16.7% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 140.4 months |
Financial Health Grade: A
In 2023, Blue Hill Public Library Inc reported a surplus of $179K with revenue exceeding expenses, holds 140.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Blue Hill Public Library Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.4% | +8.3% | +7.4% |
| 2022 | -41.3% | +9.7% | -13.6% |
| 2021 | +194.1% | +3.6% | +19.8% |
| 2020 | -48.2% | +1.6% | +5.3% |
| 2019 | +48.3% | +7.4% | +21.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blue Hill Public Library Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Blue Hill Public Library Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $179K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly unusual for an organization of its size with over $1 million in annual revenue and $10 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Blue Hill Public Library Inc's IRS 990 filings:
- Unusually low reported liabilities relative to assets, which could warrant further investigation into financial reporting details.
- Zero reported officer compensation for an organization with over $1 million in revenue and $10 million in assets is highly uncommon and might indicate compensation is reported under different categories or that the organization is entirely volunteer-run at the executive level, which could pose sustainability questions for leadership.
Strengths
The following positive indicators were identified for Blue Hill Public Library Inc:
- Consistent asset growth, increasing from $6.7 million in 2014 to over $10.4 million in 2023, indicating strong financial stewardship.
- Regularly operates with a financial surplus (revenue exceeding expenses), demonstrating sound financial management and sustainability.
- Zero reported officer compensation across all filings suggests extremely high efficiency in administrative costs or a dedicated volunteer leadership.
- Low liabilities relative to assets, indicating a strong balance sheet and minimal financial risk.
- Consistent filing of IRS 990 forms, demonstrating transparency and accountability.
Frequently Asked Questions about Blue Hill Public Library Inc
Is Blue Hill Public Library Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Blue Hill Public Library Inc (EIN: 10212602) some concerns. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
How does Blue Hill Public Library Inc spend its money?
Blue Hill Public Library Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Blue Hill Public Library Inc tax-deductible?
Blue Hill Public Library Inc is registered as a tax-exempt nonprofit (EIN: 10212602). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Blue Hill Public Library Inc CEO make?
Blue Hill Public Library Inc's highest-compensated officer earns $1 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Blue Hill Public Library Inc's spending goes to programs?
Blue Hill Public Library Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Blue Hill Public Library Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Blue Hill Public Library Inc is above average for NTEE category B71Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Blue Hill Public Library Inc located?
Blue Hill Public Library Inc is headquartered in Blue Hill, Maine and files with the IRS under EIN 10212602. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Blue Hill Public Library Inc have?
Blue Hill Public Library Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.9M in total revenue.
Is Blue Hill Public Library Inc a good charity?
Based on the provided financial data, Blue Hill Public Library Inc appears to be a very good charity. It demonstrates strong financial health with consistent asset growth, operates with a surplus, and reports zero officer compensation, suggesting high efficiency and dedication to its mission.
How has the library's financial health changed over the last decade?
The library's financial health has significantly improved over the last decade. Assets have grown from $6,724,339 in 2014 to $10,468,598 in 2023, and it has consistently maintained a positive net income (revenue exceeding expenses) in most years, indicating strong financial management and growth.
What is the trend in the library's revenue and expenses?
Revenue has fluctuated but generally shown an upward trend, with a notable peak of $1,954,508 in 2021. Expenses have also increased over time, but at a slower rate than revenue growth in most years, allowing for consistent surpluses and asset accumulation. For example, in 2023, revenue was $1,073,983 against expenses of $894,778.
Filing History
IRS 990 filing history for Blue Hill Public Library Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Blue Hill Public Library Inc's revenue has grown by 136.9%, moving from $453K to $1.1M. Total assets increased by 82.4% over the same period, from $5.7M to $10.5M. Total functional expenses rose by 77.6%, from $504K to $895K. In its most recent filing year (2023), Blue Hill Public Library Inc reported a surplus of $179K, with revenue exceeding expenses. The organization holds $34K in liabilities against $10.5M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $10.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $895K | $10.5M | $34K | — | — |
| 2022 | $1.1M | $826K | $9.7M | $25K | — | — |
| 2021 | $2.0M | $753K | $11.3M | $31K | — | — |
| 2020 | $665K | $727K | $9.4M | $24K | — | View 990 |
| 2019 | $1.3M | $716K | $8.9M | $15K | — | View 990 |
| 2018 | $865K | $666K | $7.3M | $23K | — | View 990 |
| 2017 | $517K | $640K | $7.5M | $15K | — | View 990 |
| 2016 | $815K | $642K | $7.0M | $4K | — | View 990 |
| 2015 | $725K | $612K | $6.5M | $4K | — | View 990 |
| 2014 | $516K | $585K | $6.7M | $12K | — | View 990 |
| 2013 | $436K | $561K | $6.5M | $15K | — | View 990 |
| 2012 | $461K | $531K | $6.0M | $3K | — | View 990 |
| 2011 | $453K | $504K | $5.7M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $895K, and assets of $10.5M (revenue -6.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $826K, and assets of $9.7M (revenue -41.3% year-over-year).
- 2021: Revenue of $2.0M, expenses of $753K, and assets of $11.3M (revenue +194.1% year-over-year).
- 2020: Revenue of $665K, expenses of $727K, and assets of $9.4M (revenue -48.2% year-over-year).
- 2019: Revenue of $1.3M, expenses of $716K, and assets of $8.9M (revenue +48.3% year-over-year).
- 2018: Revenue of $865K, expenses of $666K, and assets of $7.3M (revenue +67.5% year-over-year).
- 2017: Revenue of $517K, expenses of $640K, and assets of $7.5M (revenue -36.6% year-over-year).
- 2016: Revenue of $815K, expenses of $642K, and assets of $7.0M (revenue +12.3% year-over-year).
- 2015: Revenue of $725K, expenses of $612K, and assets of $6.5M (revenue +40.7% year-over-year).
- 2014: Revenue of $516K, expenses of $585K, and assets of $6.7M (revenue +18.4% year-over-year).
- 2013: Revenue of $436K, expenses of $561K, and assets of $6.5M (revenue -5.4% year-over-year).
- 2012: Revenue of $461K, expenses of $531K, and assets of $6.0M (revenue +1.6% year-over-year).
- 2011: Revenue of $453K, expenses of $504K, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blue Hill Public Library Inc:
Data Sources and Methodology
This transparency report for Blue Hill Public Library Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.