Dorcas Library Assoc
Dorcas Library Assoc shows consistent asset growth and efficient operations with no reported officer compensation.
EIN: 10458421 · Prospect Harbor, ME · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $97K |
| Total Expenses | $62K |
| Program Spending | 90% |
| Net Assets | $485K |
| Transparency Score | 92/100 |
Is Dorcas Library Assoc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dorcas Library Assoc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dorcas Library Assoc
Dorcas Library Assoc (EIN: 10458421) is a nonprofit organization based in Prospect Harbor, ME, classified under NTEE code B71Z. The organization reported total revenue of $97K and total assets of $511K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dorcas Library Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dorcas Library Assoc is a micro nonprofit that has been operating for 35 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $92K |
| Total Expenses | $62K |
| Surplus / Deficit | +$30K |
| Total Assets | $485K |
| Total Liabilities | $934 |
| Net Assets | $485K |
| Operating Margin | 32.6% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 93.8 months |
Financial Health Grade: A
In 2023, Dorcas Library Assoc reported a surplus of $30K with revenue exceeding expenses, holds 93.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Dorcas Library Assoc's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.6% | +6.2% | +6.5% |
| 2022 | +82.3% | +2.0% | -8.7% |
| 2017 | -7.8% | -5.0% | +1.5% |
| 2016 | +26.0% | +30.3% | +1.4% |
| 2015 | -51.4% | -41.7% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Dorcas Library Assoc 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Dorcas Library Assoc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization. This is highly efficient for an organization of its size, ensuring that nearly all funds are directed towards the library's mission.
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 Dorcas Library Assoc:
- Consistent asset growth, from $459,563 in 2011 to $485,441 in 2023.
- Zero reported officer compensation across all filings, indicating high operational efficiency.
- Healthy revenue growth, with 2023 revenue of $92,123 significantly higher than earlier years.
- Low liabilities, consistently near zero, demonstrating strong financial management.
- Consistent positive net income in recent years (e.g., $92,123 revenue vs. $62,089 expenses in 2023).
Frequently Asked Questions about Dorcas Library Assoc
Is Dorcas Library Assoc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dorcas Library Assoc (EIN: 10458421) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Dorcas Library Assoc spend its money?
Dorcas Library Assoc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dorcas Library Assoc tax-deductible?
Dorcas Library Assoc is registered as a tax-exempt nonprofit (EIN: 10458421). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Dorcas Library Assoc's spending goes to programs?
Dorcas Library Assoc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Dorcas Library Assoc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Dorcas Library Assoc is above average for NTEE category B71Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Dorcas Library Assoc located?
Dorcas Library Assoc is headquartered in Prospect Harbor, Maine and files with the IRS under EIN 10458421. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Dorcas Library Assoc have?
Dorcas Library Assoc has 9 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 $97K in total revenue.
Is Dorcas Library Assoc a good charity?
Based on the available financial data, Dorcas Library Assoc appears to be a very good charity. It demonstrates strong financial health with growing assets, consistent positive net income, and exceptionally efficient operations due to 0% officer compensation. Funds are clearly being managed prudently and directed towards the library's mission.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved. Assets have grown from $459,563 in 2011 to $485,441 in 2023. Revenue has also shown a positive trend, increasing from $52,355 in 2011 to $92,123 in 2023, indicating sustainable growth and increasing support.
What is the trend in liabilities?
Liabilities have consistently been very low or zero for most periods, indicating a strong financial position with minimal debt. The highest reported liability was $934 in 2023, which is negligible compared to its assets of $485,441.
Filing History
IRS 990 filing history for Dorcas Library Assoc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Dorcas Library Assoc's revenue has grown by 76%, moving from $52K to $92K. Total assets increased by 5.6% over the same period, from $460K to $485K. Total functional expenses rose by 76.3%, from $35K to $62K. In its most recent filing year (2023), Dorcas Library Assoc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $934 in liabilities against $485K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $485K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $92K | $62K | $485K | $934 | — | — |
| 2022 | $79K | $58K | $456K | $28 | — | View 990 |
| 2017 | $43K | $57K | $499K | $0 | — | View 990 |
| 2016 | $47K | $60K | $492K | $0 | — | View 990 |
| 2015 | $37K | $46K | $485K | $0 | — | View 990 |
| 2014 | $77K | $79K | $493K | $0 | — | View 990 |
| 2013 | $48K | $35K | $475K | $0 | — | View 990 |
| 2012 | $30K | $37K | $463K | $0 | — | View 990 |
| 2011 | $52K | $35K | $460K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $92K, expenses of $62K, and assets of $485K (revenue +16.6% year-over-year).
- 2022: Revenue of $79K, expenses of $58K, and assets of $456K (revenue +82.3% year-over-year).
- 2017: Revenue of $43K, expenses of $57K, and assets of $499K (revenue -7.8% year-over-year).
- 2016: Revenue of $47K, expenses of $60K, and assets of $492K (revenue +26.0% year-over-year).
- 2015: Revenue of $37K, expenses of $46K, and assets of $485K (revenue -51.4% year-over-year).
- 2014: Revenue of $77K, expenses of $79K, and assets of $493K (revenue +60.8% year-over-year).
- 2013: Revenue of $48K, expenses of $35K, and assets of $475K (revenue +61.0% year-over-year).
- 2012: Revenue of $30K, expenses of $37K, and assets of $463K (revenue -43.4% year-over-year).
- 2011: Revenue of $52K, expenses of $35K, and assets of $460K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dorcas Library Assoc:
Data Sources and Methodology
This transparency report for Dorcas Library Assoc 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.