Bridgton Public Library

Bridgton Public Library shows consistent asset growth and zero officer compensation amidst fluctuating revenues.

EIN: 16006524 · Bridgton, ME · NTEE: B71Z · Updated: 2026-03-28

$597KRevenue

$2.8MAssets

95/100Mission Score (Excellent)

B71Z

About Bridgton Public Library

Bridgton Public Library (EIN: 16006524) is a nonprofit organization based in Bridgton, ME, classified under NTEE code B71Z. The organization reported total revenue of $597K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridgton Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Bridgton Public Library demonstrates a generally healthy financial position with consistent asset growth over the past decade, reaching $2,476,616 in 2023. The organization's revenue has fluctuated significantly year-to-year, from a low of $53,898 in 2022 to a high of $750,889 in 2019, indicating reliance on variable funding sources such as grants or large donations. Despite these fluctuations, expenses have remained relatively stable, typically in the $200,000-$300,000 range, suggesting prudent operational management. The library consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds and a commitment to directing resources towards its mission. This practice also enhances transparency and public trust by minimizing potential conflicts of interest related to executive pay.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bridgton Public Library 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Bridgton Public Library allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Bridgton Public Library reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly commendable for an organization of its size, with assets nearing $2.5 million, as it maximizes resources available for programmatic activities.

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 Bridgton Public Library's IRS 990 filings:

Highly fluctuating annual revenue, indicating potential reliance on unpredictable funding sources.

Strengths

The following positive indicators were identified for Bridgton Public Library:

Consistent 0% officer compensation, maximizing funds for programs.
Strong and consistent asset growth over the past decade.
Stable expense management despite revenue volatility.
Low liabilities relative to assets, indicating financial stability.

Frequently Asked Questions about Bridgton Public Library

Is Bridgton Public Library a good charity?

Based on the available IRS 990 data, Bridgton Public Library appears to be a very good charity. It consistently reports 0% officer compensation, maintains healthy asset growth, and manages expenses effectively despite revenue fluctuations. This indicates a strong commitment to its mission and efficient use of donor funds.

How does Bridgton Public Library manage its expenses?

Bridgton Public Library manages its expenses very consistently, typically keeping them within the $200,000-$300,000 range annually, even when revenue varies significantly. For example, in 2022, expenses were $263,626 while revenue was only $53,898, suggesting they draw from reserves or prior year surpluses to maintain operations.

What is the trend in Bridgton Public Library's assets?

Bridgton Public Library has shown a strong and consistent upward trend in its assets, growing from $1,553,845 in 2014 to $2,476,616 in 2023. This indicates sound financial management and accumulation of resources to support its long-term mission.

Filing History

IRS 990 filing history for Bridgton Public Library showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Bridgton Public Library's revenue has grown by 34.8%, moving from $306K to $412K. Total assets increased by 79.9% over the same period, from $1.4M to $2.5M. Total functional expenses rose by 69%, from $183K to $309K. In its most recent filing year (2023), Bridgton Public Library reported a surplus of $103K, with revenue exceeding expenses. The organization holds $9K in liabilities against $2.5M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $2.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$412K	$309K	$2.5M	$9K	—	View 990
2022	$54K	$264K	$2.4M	$9K	—	View 990
2021	$611K	$215K	$2.6M	$5K	—	View 990
2020	$246K	$255K	$2.2M	$12K	—	View 990
2019	$751K	$229K	$2.2M	$9K	—	View 990
2018	$317K	$234K	$1.7M	$8K	—	View 990
2017	$272K	$225K	$1.6M	$8K	—	View 990
2016	$186K	$225K	$1.5M	$10K	—	View 990
2015	$261K	$237K	$1.6M	$7K	—	View 990
2014	$314K	$226K	$1.6M	$3K	—	View 990
2013	$288K	$215K	$1.5M	$3K	—	View 990
2012	$214K	$196K	$1.4M	$0	—	View 990
2011	$306K	$183K	$1.4M	$5K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $412K, expenses of $309K, and assets of $2.5M (revenue +665.2% year-over-year).
2022: Revenue of $54K, expenses of $264K, and assets of $2.4M (revenue -91.2% year-over-year).
2021: Revenue of $611K, expenses of $215K, and assets of $2.6M (revenue +148.4% year-over-year).
2020: Revenue of $246K, expenses of $255K, and assets of $2.2M (revenue -67.3% year-over-year).
2019: Revenue of $751K, expenses of $229K, and assets of $2.2M (revenue +137.2% year-over-year).
2018: Revenue of $317K, expenses of $234K, and assets of $1.7M (revenue +16.2% year-over-year).
2017: Revenue of $272K, expenses of $225K, and assets of $1.6M (revenue +46.6% year-over-year).
2016: Revenue of $186K, expenses of $225K, and assets of $1.5M (revenue -28.7% year-over-year).
2015: Revenue of $261K, expenses of $237K, and assets of $1.6M (revenue -17.0% year-over-year).
2014: Revenue of $314K, expenses of $226K, and assets of $1.6M (revenue +9.2% year-over-year).
2013: Revenue of $288K, expenses of $215K, and assets of $1.5M (revenue +34.5% year-over-year).
2012: Revenue of $214K, expenses of $196K, and assets of $1.4M (revenue -30.1% year-over-year).
2011: Revenue of $306K, expenses of $183K, and assets of $1.4M.

Data Sources and Methodology

This transparency report for Bridgton 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.