Buck Memorial Library

Buck Memorial Library maintains strong assets and low liabilities with no reported officer compensation.

EIN: 10215913 · Bucksport, ME · Updated: 2026-03-28

$751KRevenue

$2.8MAssets

92/100Mission Score (Excellent)

About Buck Memorial Library

Buck Memorial Library (EIN: 10215913) is a nonprofit organization based in Bucksport, ME. The organization reported total revenue of $751K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Buck Memorial Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Buck Memorial Library demonstrates consistent financial health with a strong asset base relative to its annual expenses. For instance, in 2023, with $2,571,599 in assets and $209,662 in expenses, the organization holds significant reserves. The library's revenue has fluctuated, notably a spike to $938,139 in 2019, which significantly boosted its assets, but generally, it maintains a stable operational budget. The absence of reported liabilities across most years, including $0 in 2023 and 2022, indicates sound financial management and a low-risk profile. The consistent reporting of 0% officer compensation further enhances its transparency and suggests a volunteer-driven or modestly compensated leadership structure, which is positive for donor confidence.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Buck Memorial Library with a Mission Score of 92 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, Buck Memorial 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

Buck Memorial Library consistently 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 favorable 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.

Red Flags

The following concerns were identified during AI analysis of Buck Memorial Library's IRS 990 filings:

NTEE Code is unknown, which can make it harder to benchmark against similar organizations.

Strengths

The following positive indicators were identified for Buck Memorial Library:

Consistently low liabilities, often $0, indicating strong financial stability.
No reported officer compensation across all filings, suggesting efficient use of funds.
Strong and growing asset base, providing long-term financial security (e.g., $2,769,266 latest assets).
Revenue generally exceeds expenses, allowing for asset accumulation and operational stability (e.g., 2023 revenue $234,509 vs. expenses $209,662).

Frequently Asked Questions about Buck Memorial Library

Is Buck Memorial Library a good charity?

Based on its financial data, Buck Memorial Library appears to be a well-managed organization. It maintains substantial assets ($2,769,266 latest) relative to its expenses, has consistently reported $0 liabilities in most years, and shows no officer compensation, all of which are positive indicators of financial health and responsible stewardship.

How does Buck Memorial Library manage its expenses?

The library consistently spends less than its revenue in most years, allowing it to build and maintain a strong asset base. For example, in 2023, revenue was $234,509 against expenses of $209,662, demonstrating prudent financial management.

What is the trend in Buck Memorial Library's assets?

Buck Memorial Library's assets have shown a consistent growth trend over the years, increasing from $1,831,686 in 2015 to $2,571,599 in 2023, indicating effective long-term financial planning and investment.

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), Buck Memorial Library's revenue has grown by 239.5%, moving from $69K to $235K. Total assets increased by 79.8% over the same period, from $1.4M to $2.6M. Total functional expenses rose by 282%, from $55K to $210K. In its most recent filing year (2023), Buck Memorial Library reported a surplus of $25K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$235K	$210K	$2.6M	$0	—	View 990
2022	$223K	$149K	$2.6M	$0	—	View 990
2021	$203K	$109K	$2.7M	$2K	—	View 990
2020	$66K	$67K	$2.4M	$0	—	—
2019	$938K	$73K	$2.4M	$0	—	—
2018	$96K	$155K	$2.1M	$0	—	View 990
2017	$219K	$127K	$2.1M	$0	—	View 990
2016	$146K	$65K	$2.0M	$0	—	View 990
2015	$80K	$181K	$1.8M	$0	—	View 990
2014	$176K	$61K	$2.0M	$0	—	View 990
2013	$117K	$59K	$1.8M	$0	—	View 990
2012	$75K	$59K	$1.5M	$0	—	View 990
2011	$69K	$55K	$1.4M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $235K, expenses of $210K, and assets of $2.6M (revenue +5.0% year-over-year).
2022: Revenue of $223K, expenses of $149K, and assets of $2.6M (revenue +10.1% year-over-year).
2021: Revenue of $203K, expenses of $109K, and assets of $2.7M (revenue +208.5% year-over-year).
2020: Revenue of $66K, expenses of $67K, and assets of $2.4M (revenue -93.0% year-over-year).
2019: Revenue of $938K, expenses of $73K, and assets of $2.4M (revenue +881.2% year-over-year).
2018: Revenue of $96K, expenses of $155K, and assets of $2.1M (revenue -56.3% year-over-year).
2017: Revenue of $219K, expenses of $127K, and assets of $2.1M (revenue +50.5% year-over-year).
2016: Revenue of $146K, expenses of $65K, and assets of $2.0M (revenue +81.9% year-over-year).
2015: Revenue of $80K, expenses of $181K, and assets of $1.8M (revenue -54.5% year-over-year).
2014: Revenue of $176K, expenses of $61K, and assets of $2.0M (revenue +50.0% year-over-year).
2013: Revenue of $117K, expenses of $59K, and assets of $1.8M (revenue +56.5% year-over-year).
2012: Revenue of $75K, expenses of $59K, and assets of $1.5M (revenue +8.5% year-over-year).
2011: Revenue of $69K, expenses of $55K, and assets of $1.4M.

Data Sources and Methodology

This transparency report for Buck Memorial 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.