Brooksville Free Public Library Inc

Brooksville Free Public Library Inc maintains strong financial health with growing assets and no liabilities.

EIN: 10315923 · Brooksville, ME · Updated: 2026-03-28

$141KRevenue

$553KAssets

95/100Mission Score (Excellent)

About Brooksville Free Public Library Inc

Brooksville Free Public Library Inc (EIN: 10315923) is a nonprofit organization based in Brooksville, ME. The organization reported total revenue of $141K and total assets of $553K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brooksville Free Public Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Brooksville Free Public Library Inc demonstrates consistent financial health with a strong asset base and prudent spending. In the latest filing (202312), the organization reported revenues of $138,503 against expenses of $78,107, indicating a healthy surplus that contributes to its growing assets, which stood at $507,055. The organization consistently maintains zero liabilities, reflecting excellent financial management and a lack of debt. Its program spending appears robust, given the nature of a public library, and the absence of officer compensation suggests a volunteer-driven or very lean administrative structure, enhancing its efficiency.

The library's revenue has fluctuated over the years, from a low of $39,144 in 2011 to a high of $138,503 in 2023, but it has generally maintained a positive net income, allowing for steady asset growth from $214,680 in 2011 to over half a million dollars. This consistent growth in assets, coupled with minimal expenses relative to revenue in most years, points to a well-managed and financially stable entity. The organization's transparency is high, as evidenced by its consistent IRS 990 filings and the clear financial picture they present, particularly the absence of liabilities and officer compensation.

Overall, Brooksville Free Public Library Inc appears to be a financially sound and efficiently run organization. Its ability to operate without executive compensation and maintain a strong asset base while delivering its services to the community is commendable. The consistent positive net income and zero liabilities are strong indicators of responsible financial stewardship.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Brooksville Free 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: 15%
programs: 85%
fundraising: 0%

According to IRS 990 filings, Brooksville Free Public Library Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization 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 efficient for a nonprofit of its 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 Brooksville Free Public Library Inc:

Consistent asset growth, reaching $507,055 in 2023.
Zero liabilities reported in most filings, indicating excellent financial health.
No reported officer compensation, suggesting high efficiency and volunteer leadership.
Healthy surplus of revenue over expenses in most years, such as $60,396 in 2023 ($138,503 revenue - $78,107 expenses).
Strong financial transparency with consistent IRS 990 filings.

Frequently Asked Questions about Brooksville Free Public Library Inc

Is Brooksville Free Public Library Inc a good charity?

Yes, based on its financial data, Brooksville Free Public Library Inc appears to be a very good charity. It consistently maintains a strong financial position with growing assets, zero liabilities, and no reported officer compensation, indicating efficient use of funds and strong financial stewardship.

How does Brooksville Free Public Library Inc manage its expenses?

The organization manages its expenses very effectively. In 2023, expenses were $78,107 against revenues of $138,503, demonstrating a significant surplus. Over the years, expenses have generally been well below revenues, contributing to asset growth and financial stability.

What is the financial trend of Brooksville Free Public Library Inc's assets?

Brooksville Free Public Library Inc has shown a consistent upward trend in assets, growing from $214,680 in 2011 to $507,055 in 2023. This indicates strong financial management and accumulation of resources to support its mission.

Does Brooksville Free Public Library Inc have any debt?

No, Brooksville Free Public Library Inc consistently reports $0 in liabilities across almost all available filings, with only a minor exception of $2,112 in 2020. This indicates a very healthy financial position with no significant debt burden.

Filing History

IRS 990 filing history for Brooksville Free Public Library Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Brooksville Free Public Library Inc's revenue has grown by 253.8%, moving from $39K to $139K. Total assets increased by 136.2% over the same period, from $215K to $507K. Total functional expenses rose by 115.6%, from $36K to $78K. In its most recent filing year (2023), Brooksville Free Public Library Inc reported a surplus of $60K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$139K	$78K	$507K	$0	—	—
2022	$73K	$70K	$446K	$0	—	View 990
2021	$86K	$60K	$514K	$0	—	View 990
2020	$129K	$62K	$427K	$2K	—	View 990
2019	$59K	$59K	$318K	$0	—	—
2018	$72K	$57K	$289K	$0	—	View 990
2014	$122K	$235K	$228K	$0	—	View 990
2013	$107K	$40K	$341K	$0	—	View 990
2012	$105K	$41K	$290K	$0	—	View 990
2011	$39K	$36K	$215K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $139K, expenses of $78K, and assets of $507K (revenue +90.2% year-over-year).
2022: Revenue of $73K, expenses of $70K, and assets of $446K (revenue -15.7% year-over-year).
2021: Revenue of $86K, expenses of $60K, and assets of $514K (revenue -33.1% year-over-year).
2020: Revenue of $129K, expenses of $62K, and assets of $427K (revenue +117.1% year-over-year).
2019: Revenue of $59K, expenses of $59K, and assets of $318K (revenue -17.3% year-over-year).
2018: Revenue of $72K, expenses of $57K, and assets of $289K (revenue -41.1% year-over-year).
2014: Revenue of $122K, expenses of $235K, and assets of $228K (revenue +14.5% year-over-year).
2013: Revenue of $107K, expenses of $40K, and assets of $341K (revenue +1.0% year-over-year).
2012: Revenue of $105K, expenses of $41K, and assets of $290K (revenue +169.5% year-over-year).
2011: Revenue of $39K, expenses of $36K, and assets of $215K.

Data Sources and Methodology

This transparency report for Brooksville Free 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.