Bristol Area Library Association

Bristol Area Library Association maintains stable finances with volunteer leadership and growing assets.

EIN: 10267988 · New Harbor, ME · Updated: 2026-03-28

$87KRevenue

$888KAssets

95/100Mission Score (Excellent)

Is Bristol Area Library Association Legit?

Appears Legitimate

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

NoneRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Bristol Area Library Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Bristol Area Library Association

Bristol Area Library Association (EIN: 10267988) is a nonprofit organization based in New Harbor, ME. The organization reported total revenue of $87K and total assets of $888K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bristol Area Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Bristol Area Library Association demonstrates consistent financial health, with assets steadily growing over the past decade, reaching $888,023 most recently. While annual revenues fluctuate, they generally cover expenses, as seen in 2023 where revenues were $79,547 against expenses of $80,420, indicating a slight deficit but within a healthy operational range for an organization of its size. The organization's liabilities have remained low, peaking at $15,836 in 2020 and currently at $15,500, suggesting sound financial management and minimal debt burden.

Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that the organization's leadership is likely volunteer-based, allowing a greater proportion of funds to be directed towards its mission. The consistent operational expenses, generally in the $60,000-$80,000 range, suggest stable program delivery and administrative costs.

Transparency is high, evidenced by 13 years of consistent IRS 990 filings and the clear disclosure of financial metrics, including zero officer compensation. This commitment to regular reporting and the absence of paid executives contribute significantly to its transparency profile, assuring donors that their contributions are managed responsibly and directly benefit the library's operations.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bristol Area Library Association 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, Bristol Area Library Association 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

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit 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 Bristol Area Library Association:

Consistent asset growth, reaching $888,023 most recently.
Zero officer compensation reported across all filings, indicating volunteer leadership.
Low liabilities, consistently below $16,000 in recent years, demonstrating sound financial management.
Stable operational expenses, suggesting efficient program delivery.
Strong transparency with 13 years of consistent IRS 990 filings.

Frequently Asked Questions about Bristol Area Library Association

Is Bristol Area Library Association a legitimate charity?

Based on AI analysis of IRS 990 filings, Bristol Area Library Association (EIN: 10267988) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

How does Bristol Area Library Association spend its money?

Bristol Area Library Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Bristol Area Library Association tax-deductible?

Bristol Area Library Association is registered as a tax-exempt nonprofit (EIN: 10267988). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Bristol Area Library Association a good charity?

Yes, based on its financial data, the Bristol Area Library Association appears to be a very good charity. It has a strong asset base ($888,023), low liabilities ($15,500), and consistently reports 0% officer compensation, indicating efficient use of funds and volunteer leadership.

How does the organization manage its expenses?

The organization manages its expenses effectively, with annual expenses generally staying within the $60,000-$80,000 range over the past decade. For example, in 2023, expenses were $80,420, closely aligned with its revenue, demonstrating prudent financial control.

What is the trend in the organization's assets?

The organization's assets show a strong upward trend, growing from $670,213 in 2014 to $888,023 most recently. This indicates healthy financial growth and stability over time.

Filing History

IRS 990 filing history for Bristol Area Library Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Bristol Area Library Association's revenue has declined by 47.3%, moving from $151K to $80K. Total assets increased by 31.4% over the same period, from $625K to $821K. Total functional expenses rose by 34.7%, from $60K to $80K. In its most recent filing year (2023), Bristol Area Library Association reported a deficit of $873, with expenses exceeding revenue. The organization holds $16K in liabilities against $821K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $805K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$80K	$80K	$821K	$16K	—	—
2022	$73K	$78K	$778K	$16K	—	View 990
2021	$105K	$78K	$810K	$16K	—	View 990
2020	$63K	$68K	$766K	$16K	—	—
2019	$86K	$74K	$769K	$16K	—	View 990
2018	$72K	$64K	$707K	$228	—	View 990
2017	$101K	$78K	$733K	$0	—	—
2016	$71K	$60K	$687K	$0	—	View 990
2015	$62K	$59K	$661K	$573	—	View 990
2014	$73K	$57K	$670K	$0	—	View 990
2013	$64K	$54K	$653K	$528	—	View 990
2012	$62K	$58K	$638K	$0	—	View 990
2011	$151K	$60K	$625K	$2	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $80K, expenses of $80K, and assets of $821K (revenue +8.5% year-over-year).
2022: Revenue of $73K, expenses of $78K, and assets of $778K (revenue -30.5% year-over-year).
2021: Revenue of $105K, expenses of $78K, and assets of $810K (revenue +67.7% year-over-year).
2020: Revenue of $63K, expenses of $68K, and assets of $766K (revenue -27.1% year-over-year).
2019: Revenue of $86K, expenses of $74K, and assets of $769K (revenue +20.0% year-over-year).
2018: Revenue of $72K, expenses of $64K, and assets of $707K (revenue -28.6% year-over-year).
2017: Revenue of $101K, expenses of $78K, and assets of $733K (revenue +42.1% year-over-year).
2016: Revenue of $71K, expenses of $60K, and assets of $687K (revenue +13.6% year-over-year).
2015: Revenue of $62K, expenses of $59K, and assets of $661K (revenue -14.4% year-over-year).
2014: Revenue of $73K, expenses of $57K, and assets of $670K (revenue +13.9% year-over-year).
2013: Revenue of $64K, expenses of $54K, and assets of $653K (revenue +3.6% year-over-year).
2012: Revenue of $62K, expenses of $58K, and assets of $638K (revenue -59.0% year-over-year).
2011: Revenue of $151K, expenses of $60K, and assets of $625K.

Data Sources and Methodology

This transparency report for Bristol Area Library Association 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.