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
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| Metric | Value |
|---|---|
| Total Revenue | $739K |
| Total Expenses | $81K |
| Program Spending | 90% |
| Net Assets | $1.8M |
| Transparency Score | 95/100 |
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Cohasset Library Trust Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Cohasset Library Trust Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Cohasset Library Trust Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $225K and expenses of $81K.
Revenue and Expenses
Cohasset Library Trust Inc reported $225K in revenue and $81K in expenses, a surplus of $144K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
95/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Cohasset Library Trust Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $73K (90%) |
Across stored filings, Cohasset Library Trust Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and Education context |
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Cohasset Library Trust Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Cohasset Library Trust Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $225K |
| Total Expenses | $81K |
| Surplus / Deficit | +$144K |
| Total Assets | $1.8M |
| Net Assets | $1.8M |
| Operating Margin | 64.0% |
| Months of Reserves | 273.8 months |
Financial Health Grade: A
In 2023, Cohasset Library Trust Inc reported a surplus of $144K with revenue exceeding expenses, holds 273.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Cohasset Library Trust Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | +5.8% | +8.5% |
| 2022 | +172.7% | +8.8% | +0.8% |
| 2021 | +47.3% | +4.1% | +0.3% |
| 2020 | -41.0% | -0.3% | +1.2% |
| 2019 | -5.3% | +2.4% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $144K, with revenue exceeding expenses.
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 a legitimate charity?
Cohasset Library Trust Inc (EIN: 205972912) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $739K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Cohasset Library Trust Inc spend its money?
Cohasset Library Trust Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Cohasset Library Trust Inc tax-deductible?
Cohasset Library Trust Inc is registered as a tax-exempt nonprofit (EIN: 205972912). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Cohasset Library Trust Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Cohasset Library Trust Inc is above average for NTEE category B197 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cohasset Library Trust Inc located?
Cohasset Library Trust Inc is headquartered in Cohasset, Massachusetts and files with the IRS under EIN 205972912. It is classified under NTEE code B197.
How many years of IRS 990 filings does Cohasset Library Trust Inc have?
Cohasset Library Trust Inc has 13 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 $739K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cohasset Library Trust Inc:
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.