Camden Public Library Centennial Fund
Camden Public Library Centennial Fund maintains stable finances with growing assets and no executive compensation.
EIN: 10505002 · Camden, ME · NTEE: T22Z · Updated: 2026-03-28
Is Camden Public Library Centennial Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Camden Public Library Centennial Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Camden Public Library Centennial Fund
Camden Public Library Centennial Fund (EIN: 10505002) is a nonprofit organization based in Camden, ME, classified under NTEE code T22Z. The organization reported total revenue of $51K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Camden Public Library Centennial Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Camden Public Library Centennial Fund 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Camden Public Library Centennial Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led board and no paid officers, which is highly efficient for an organization of this size with assets exceeding $1 million.
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 Camden Public Library Centennial Fund:
- Consistent asset growth, from $1,051,319 in 2015 to $1,284,085 in 2023.
- Zero liabilities reported across all available filings, indicating strong financial health.
- 0% officer compensation, demonstrating efficient use of funds and volunteer governance.
- Stable revenue and expenses, showing predictable financial operations.
- High program efficiency due to minimal overhead and no executive compensation.
Frequently Asked Questions about Camden Public Library Centennial Fund
Is Camden Public Library Centennial Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Camden Public Library Centennial Fund (EIN: 10505002) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Camden Public Library Centennial Fund spend its money?
Camden Public Library Centennial Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Camden Public Library Centennial Fund tax-deductible?
Camden Public Library Centennial Fund is registered as a tax-exempt nonprofit (EIN: 10505002). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Camden Public Library Centennial Fund a good charity?
Yes, based on its consistent financial stability, growing assets, zero liabilities, and 0% executive compensation, it appears to be a very well-managed and effective charity supporting the Camden Public Library.
How does the organization manage its assets?
The organization has consistently grown its assets, from $1,051,319 in 2015 to $1,284,085 in 2023, indicating sound investment and management strategies for its endowment fund.
What is the primary purpose of this fund?
As a 'Centennial Fund' with NTEE code T22Z (Libraries), its primary purpose is likely to provide long-term financial support and endowment for the Camden Public Library.
Filing History
IRS 990 filing history for Camden Public Library Centennial Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Camden Public Library Centennial Fund's revenue has declined by 33.1%, moving from $87K to $58K. Total assets increased by 30.4% over the same period, from $985K to $1.3M. Total functional expenses fell by 55.5%, from $130K to $58K. In its most recent filing year (2023), Camden Public Library Centennial Fund reported a surplus of $625, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $58K | $58K | $1.3M | $0 | — | View 990 |
| 2022 | $58K | $58K | $1.2M | $0 | — | View 990 |
| 2021 | $44K | $44K | $1.5M | $0 | — | View 990 |
| 2020 | $44K | $44K | $1.3M | $0 | — | View 990 |
| 2019 | $44K | $43K | $1.2M | $0 | — | View 990 |
| 2018 | $43K | $48K | $1.1M | $0 | — | View 990 |
| 2017 | $43K | $42K | $1.2M | $0 | — | View 990 |
| 2016 | $46K | $42K | $1.1M | $0 | — | View 990 |
| 2015 | $43K | $42K | $1.1M | $0 | — | View 990 |
| 2014 | $42K | $41K | $1.1M | $0 | — | View 990 |
| 2013 | $43K | $35K | $1.1M | $0 | — | View 990 |
| 2012 | $69K | $41K | $1.0M | $0 | — | View 990 |
| 2011 | $87K | $130K | $985K | $75 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $58K, expenses of $58K, and assets of $1.3M (revenue +0.5% year-over-year).
- 2022: Revenue of $58K, expenses of $58K, and assets of $1.2M (revenue +32.1% year-over-year).
- 2021: Revenue of $44K, expenses of $44K, and assets of $1.5M (revenue +0.4% year-over-year).
- 2020: Revenue of $44K, expenses of $44K, and assets of $1.3M (revenue +0.0% year-over-year).
- 2019: Revenue of $44K, expenses of $43K, and assets of $1.2M (revenue +1.9% year-over-year).
- 2018: Revenue of $43K, expenses of $48K, and assets of $1.1M (revenue -0.2% year-over-year).
- 2017: Revenue of $43K, expenses of $42K, and assets of $1.2M (revenue -5.9% year-over-year).
- 2016: Revenue of $46K, expenses of $42K, and assets of $1.1M (revenue +5.9% year-over-year).
- 2015: Revenue of $43K, expenses of $42K, and assets of $1.1M (revenue +3.4% year-over-year).
- 2014: Revenue of $42K, expenses of $41K, and assets of $1.1M (revenue -2.9% year-over-year).
- 2013: Revenue of $43K, expenses of $35K, and assets of $1.1M (revenue -37.1% year-over-year).
- 2012: Revenue of $69K, expenses of $41K, and assets of $1.0M (revenue -21.5% year-over-year).
- 2011: Revenue of $87K, expenses of $130K, and assets of $985K.
Data Sources and Methodology
This transparency report for Camden Public Library Centennial Fund 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.