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
| Metric | Value |
|---|---|
| Total Revenue | $87K |
| Total Expenses | $80K |
| Program Spending | 90% |
| Net Assets | $805K |
| Transparency Score | 95/100 |
Search Intent Cockpit
Bristol Area Library Association Form 990, Revenue, CEO Pay, and IRS Filing Signals
Bristol Area Library Association is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Bristol Area Library Association in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $80K and expenses of $80K.
Revenue and Expenses
Bristol Area Library Association reported $80K in revenue and $80K in expenses, a deficit of $873.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
95/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Bristol Area Library Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $72K (90%) |
Across stored filings, Bristol Area Library Association shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Compare with Maine Composite Materials Applied Technology Development Center →All Maine nonprofits
Local and Sector Spokes
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New Harbor, ME nonprofitsFollow the Money
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State spending analysisState compensation analysis
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Donation Decision Flow
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Verify
Appears Legitimate. Check deductibility, filings, and red flags.
2Understand money
90% of spending goes to programs.
3Compare
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4Decide
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Keep the Investigation Moving
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.
Organization Overview
Bristol Area Library Association is a micro nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $80K |
| Surplus / Deficit | $-873 |
| Total Assets | $821K |
| Total Liabilities | $16K |
| Net Assets | $805K |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 122.5 months |
Financial Health Grade: B
In 2023, Bristol Area Library Association reported a deficit of $873 with expenses exceeding revenue, holds 122.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bristol Area Library Association's revenue has declined at a compound annual growth rate (CAGR) of -5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.5% | +3.2% | +5.5% |
| 2022 | -30.5% | -0.4% | -3.9% |
| 2021 | +67.7% | +14.9% | +5.7% |
| 2020 | -27.1% | -7.7% | -0.4% |
| 2019 | +20.0% | +15.2% | +8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1966 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $873, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
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?
Bristol Area Library Association (EIN: 10267988) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $87K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Bristol Area Library Association spend its money?
Bristol Area Library Association directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
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.
Where is Bristol Area Library Association located?
Bristol Area Library Association is headquartered in New Harbor, Maine and files with the IRS under EIN 10267988.
How many years of IRS 990 filings does Bristol Area Library Association have?
Bristol Area Library Association 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 $87K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bristol Area Library Association:
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.