Cohasset Library Trust Inc

Cohasset Library Trust Inc. consistently grows assets with low expenses and no executive compensation.

EIN: 205972912 · Cohasset, MA · NTEE: B197 · Updated: 2026-03-28

$739KRevenue

$2.0MAssets

95/100Mission Score (Excellent)

B197

About Cohasset Library Trust Inc

Cohasset Library Trust Inc (EIN: 205972912) is a nonprofit organization based in Cohasset, MA, classified under NTEE code B197. The organization reported total revenue of $739K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cohasset Library Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Cohasset Library Trust Inc. demonstrates strong financial health and a clear commitment to its mission of supporting the Cohasset Library. Over the past several years, the organization has consistently maintained a healthy asset base, growing from $1,375,985 in 2016 to $1,845,562 in 2023, with minimal to no liabilities. This indicates sound financial management and a stable foundation. The organization's revenue has shown positive trends, particularly in the most recent filings, with $224,728 in 2023 and $215,521 in 2022, significantly exceeding expenses of $80,874 and $76,469 respectively. This consistent surplus allows for continued growth of its endowment and support for library programs.

Spending efficiency appears high, as the organization's expenses are relatively low compared to its revenue and asset base. With no reported officer compensation, it suggests that administrative costs are likely minimal, allowing a greater proportion of funds to directly benefit the library. The consistent growth in assets while keeping expenses low points to an effective strategy for long-term sustainability and impact. The absence of liabilities across most filing periods further underscores its prudent financial practices.

Transparency is excellent, as evidenced by the consistent filing of IRS Form 990s over 13 periods and the clear reporting of financial metrics. The zero officer compensation reported across all available filings is a significant indicator of a volunteer-driven or very lean operational structure, which enhances trust and demonstrates a focus on mission over executive pay. The organization's financial data suggests a well-managed and transparent entity dedicated to its stated purpose.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cohasset Library Trust 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Cohasset Library Trust Inc 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

The Cohasset Library Trust Inc. reports 0% officer compensation across all available filings, indicating a volunteer-led organization or one with extremely low administrative overhead, which is highly commendable 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 Cohasset Library Trust Inc:

Consistent asset growth (from $1,375,985 in 2016 to $1,845,562 in 2023)
Extremely low expenses relative to revenue (e.g., $80,874 expenses vs. $224,728 revenue in 2023)
Zero reported officer compensation across all filings
Minimal to no liabilities reported
Strong financial stability and sustainability

Frequently Asked Questions about Cohasset Library Trust Inc

Is Cohasset Library Trust Inc. financially stable?

Yes, the organization is very financially stable, consistently growing its assets from $1,375,985 in 2016 to $1,845,562 in 2023, and maintaining minimal to no liabilities.

How efficient is Cohasset Library Trust Inc. with its spending?

The organization is highly efficient, with expenses significantly lower than revenue (e.g., $80,874 expenses vs. $224,728 revenue in 2023) and no reported officer compensation, suggesting a very high proportion of funds go towards its mission.

Does Cohasset Library Trust Inc. pay its executives?

No, the IRS 990 filings consistently report 0% officer compensation, indicating that executive roles are likely volunteer-based or compensated through other means not classified as officer compensation.

What is the trend in the organization's revenue?

Revenue has shown positive growth in recent years, with $224,728 in 2023 and $215,521 in 2022, a significant increase from earlier periods like $38,896 in 2017.

Filing History

IRS 990 filing history for Cohasset Library Trust Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Cohasset Library Trust Inc's revenue has declined by 26.8%, moving from $307K to $225K. Total assets increased by 40.9% over the same period, from $1.3M to $1.8M. Total functional expenses rose by 627.6%, from $11K to $81K. In its most recent filing year (2023), Cohasset Library Trust Inc reported a surplus of $144K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$225K	$81K	$1.8M	$0	—	—
2022	$216K	$76K	$1.7M	$0	—	View 990
2021	$79K	$70K	$1.7M	$0	—	View 990
2020	$54K	$67K	$1.7M	$3K	—	View 990
2019	$91K	$68K	$1.7M	$0	—	View 990
2018	$96K	$66K	$1.6M	$0	—	View 990
2017	$39K	$58K	$1.5M	$0	—	View 990
2016	$59K	$31K	$1.4M	$0	—	View 990
2015	$80K	$36K	$1.5M	$0	—	View 990
2014	$76K	$54K	$1.5M	$0	—	View 990
2013	$79K	$61K	$1.3M	$0	—	View 990
2012	$93K	$60K	$1.2M	$0	—	View 990
2011	$307K	$11K	$1.3M	$37K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $225K, expenses of $81K, and assets of $1.8M (revenue +4.3% year-over-year).
2022: Revenue of $216K, expenses of $76K, and assets of $1.7M (revenue +172.7% year-over-year).
2021: Revenue of $79K, expenses of $70K, and assets of $1.7M (revenue +47.3% year-over-year).
2020: Revenue of $54K, expenses of $67K, and assets of $1.7M (revenue -41.0% year-over-year).
2019: Revenue of $91K, expenses of $68K, and assets of $1.7M (revenue -5.3% year-over-year).
2018: Revenue of $96K, expenses of $66K, and assets of $1.6M (revenue +146.9% year-over-year).
2017: Revenue of $39K, expenses of $58K, and assets of $1.5M (revenue -33.7% year-over-year).
2016: Revenue of $59K, expenses of $31K, and assets of $1.4M (revenue -26.5% year-over-year).
2015: Revenue of $80K, expenses of $36K, and assets of $1.5M (revenue +5.2% year-over-year).
2014: Revenue of $76K, expenses of $54K, and assets of $1.5M (revenue -4.3% year-over-year).
2013: Revenue of $79K, expenses of $61K, and assets of $1.3M (revenue -15.0% year-over-year).
2012: Revenue of $93K, expenses of $60K, and assets of $1.2M (revenue -69.7% year-over-year).
2011: Revenue of $307K, expenses of $11K, and assets of $1.3M.

Data Sources and Methodology

This transparency report for Cohasset Library Trust 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.