Bowdoinham Public Library
Bowdoinham Public Library maintains healthy financial surpluses and zero officer compensation.
EIN: 16016360 · Bowdoinham, ME · NTEE: B70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $186K |
| Total Expenses | $65K |
| Program Spending | 85% |
| Net Assets | $637K |
| Transparency Score | 90/100 |
Is Bowdoinham Public Library Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bowdoinham Public Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bowdoinham Public Library
Bowdoinham Public Library (EIN: 16016360) is a nonprofit organization based in Bowdoinham, ME, classified under NTEE code B70. The organization reported total revenue of $186K and total assets of $784K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bowdoinham Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bowdoinham Public Library is a small nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $93K |
| Total Expenses | $65K |
| Surplus / Deficit | +$28K |
| Total Assets | $638K |
| Total Liabilities | $2K |
| Net Assets | $637K |
| Operating Margin | 30.4% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 118.1 months |
Financial Health Grade: A
In 2023, Bowdoinham Public Library reported a surplus of $28K with revenue exceeding expenses, holds 118.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Bowdoinham Public Library's revenue has declined at a compound annual growth rate (CAGR) of -20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.2% | +27.7% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
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 Bowdoinham Public Library with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bowdoinham Public Library allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
No officer compensation was reported in either the 2022 or 2023 filings, indicating that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is positive for a small organization of this size.
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.
Strengths
The following positive indicators were identified for Bowdoinham Public Library:
- Consistent operating surpluses: Revenue consistently exceeds expenses ($93,144 vs $64,863 in 2023; $116,740 vs $50,788 in 2022).
- Strong asset growth: Assets increased from $608,420 to $638,262.
- Very low liabilities: Liabilities were $0 in 2022 and only $1,561 in 2023.
- No reported officer compensation: Indicates efficient use of funds for mission-related activities.
- Healthy financial reserves: The organization has built up significant assets relative to its annual expenses.
Frequently Asked Questions about Bowdoinham Public Library
Is Bowdoinham Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Bowdoinham Public Library (EIN: 16016360) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Bowdoinham Public Library spend its money?
Bowdoinham Public Library directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bowdoinham Public Library tax-deductible?
Bowdoinham Public Library is registered as a tax-exempt nonprofit (EIN: 16016360). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bowdoinham Public Library's spending goes to programs?
Bowdoinham Public Library directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bowdoinham Public Library compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Bowdoinham Public Library is above average for NTEE category B70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bowdoinham Public Library located?
Bowdoinham Public Library is headquartered in Bowdoinham, Maine and files with the IRS under EIN 16016360. It is classified under NTEE code B70.
How many years of IRS 990 filings does Bowdoinham Public Library have?
Bowdoinham Public Library has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $186K in total revenue.
Is Bowdoinham Public Library a good charity?
Based on the provided IRS 990 data, Bowdoinham Public Library appears to be a well-managed and financially healthy organization. It consistently generates surpluses, has low liabilities, and reports no officer compensation, all of which are positive indicators.
How has the library's financial position changed over the past two years?
The library's assets have grown from $608,420 in 2022 to $638,262 in 2023. While revenue decreased slightly from $116,740 in 2022 to $93,144 in 2023, expenses also decreased, maintaining a healthy surplus in both periods.
Filing History
IRS 990 filing history for Bowdoinham Public Library showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Bowdoinham Public Library's revenue has declined by 20.2%, moving from $117K to $93K. Total assets increased by 4.9% over the same period, from $608K to $638K. Total functional expenses rose by 27.7%, from $51K to $65K. In its most recent filing year (2023), Bowdoinham Public Library reported a surplus of $28K, with revenue exceeding expenses. The organization holds $2K in liabilities against $638K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $637K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $93K | $65K | $638K | $2K | — | — |
| 2022 | $117K | $51K | $608K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bowdoinham Public Library:
Data Sources and Methodology
This transparency report for Bowdoinham Public Library 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.