China Library Association Inc
China Library Association Inc. maintains stable assets despite fluctuating modest revenues and occasional expense overruns.
EIN: 10215216 · China Village, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $60K |
| Total Expenses | $28K |
| Program Spending | 70% |
| Net Assets | $365K |
| Transparency Score | 75/100 |
Is China Library Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
China Library Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About China Library Association Inc
China Library Association Inc (EIN: 10215216) is a nonprofit organization based in China Village, ME. The organization reported total revenue of $60K and total assets of $407K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of China Library Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
China Library Association Inc is a micro nonprofit that has been operating for 83 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $28K |
| Surplus / Deficit | +$4K |
| Total Assets | $365K |
| Total Liabilities | $1 |
| Net Assets | $365K |
| Operating Margin | 11.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 156.9 months |
Financial Health Grade: A
In 2024, China Library Association Inc reported a surplus of $4K with revenue exceeding expenses, holds 156.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), China Library Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +102.6% | -37.5% | +1.0% |
| 2023 | -37.4% | -33.7% | -7.4% |
| 2022 | -53.7% | +59.2% | -10.4% |
| 2021 | +128.2% | +22.7% | +3.0% |
| 2020 | -18.4% | +7.5% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
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 China Library Association Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, China Library Association Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization 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 China Library Association Inc's IRS 990 filings:
- Inconsistent revenue stream, making financial planning challenging.
- Expenses frequently exceed revenue, indicating reliance on reserves.
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for China Library Association Inc:
- Strong asset base relative to liabilities, providing financial security.
- Consistent reporting of 0% officer compensation, indicating efficient leadership costs.
- Long history of IRS 990 filings, demonstrating commitment to compliance and transparency.
- Minimal liabilities across all reported periods.
Frequently Asked Questions about China Library Association Inc
Is China Library Association Inc a legitimate charity?
China Library Association Inc (EIN: 10215216) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $60K. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does China Library Association Inc spend its money?
China Library Association Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to China Library Association Inc tax-deductible?
China Library Association Inc is registered as a tax-exempt nonprofit (EIN: 10215216). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of China Library Association Inc's spending goes to programs?
China Library Association Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is China Library Association Inc located?
China Library Association Inc is headquartered in China Village, Maine and files with the IRS under EIN 10215216.
How many years of IRS 990 filings does China Library Association Inc have?
China Library Association Inc has 11 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 $60K in total revenue.
Is China Library Association Inc. financially stable?
Yes, the organization appears financially stable, consistently holding significant assets (e.g., $407,343 latest, $364,769 in 202406) far exceeding its minimal liabilities (e.g., $1 in 202406).
Does the organization pay its officers?
No, the IRS 990 data consistently shows 0% officer compensation across all reported periods, suggesting a volunteer-led or very lean executive structure.
How has the organization's revenue trended?
Revenue has fluctuated significantly, ranging from a low of $15,635 (202306) to a high of $54,044 (202106) and $60,395 (latest), indicating an inconsistent income stream.
Are expenses consistently covered by revenue?
No, expenses have sometimes exceeded revenue, such as in 202306 ($44,653 expenses vs. $15,635 revenue) and 202206 ($67,336 expenses vs. $24,996 revenue), suggesting reliance on accumulated assets during those periods.
Filing History
IRS 990 filing history for China Library Association Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), China Library Association Inc's revenue has grown by 48.7%, moving from $21K to $32K. Total assets increased by 23.4% over the same period, from $296K to $365K. Total functional expenses rose by 3.6%, from $27K to $28K. In its most recent filing year (2024), China Library Association Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $1 in liabilities against $365K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $365K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $32K | $28K | $365K | $1 | — | — |
| 2023 | $16K | $45K | $361K | $1 | — | — |
| 2022 | $25K | $67K | $390K | $1 | — | View 990 |
| 2021 | $54K | $42K | $435K | $3K | — | View 990 |
| 2020 | $24K | $34K | $423K | $2K | — | — |
| 2019 | $29K | $32K | $428K | $1K | — | View 990 |
| 2015 | $36K | $41K | $302K | $152 | — | View 990 |
| 2014 | $18K | $25K | $308K | $128 | — | View 990 |
| 2013 | $42K | $23K | $315K | $115 | — | View 990 |
| 2012 | $23K | $22K | $297K | $106 | — | View 990 |
| 2011 | $21K | $27K | $296K | $103 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $32K, expenses of $28K, and assets of $365K (revenue +102.6% year-over-year).
- 2023: Revenue of $16K, expenses of $45K, and assets of $361K (revenue -37.4% year-over-year).
- 2022: Revenue of $25K, expenses of $67K, and assets of $390K (revenue -53.7% year-over-year).
- 2021: Revenue of $54K, expenses of $42K, and assets of $435K (revenue +128.2% year-over-year).
- 2020: Revenue of $24K, expenses of $34K, and assets of $423K (revenue -18.4% year-over-year).
- 2019: Revenue of $29K, expenses of $32K, and assets of $428K (revenue -18.6% year-over-year).
- 2015: Revenue of $36K, expenses of $41K, and assets of $302K (revenue +100.2% year-over-year).
- 2014: Revenue of $18K, expenses of $25K, and assets of $308K (revenue -57.3% year-over-year).
- 2013: Revenue of $42K, expenses of $23K, and assets of $315K (revenue +84.7% year-over-year).
- 2012: Revenue of $23K, expenses of $22K, and assets of $297K (revenue +5.9% year-over-year).
- 2011: Revenue of $21K, expenses of $27K, and assets of $296K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for China Library Association Inc:
Data Sources and Methodology
This transparency report for China Library Association 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.