Dyer Library Association
Dyer Library Association shows consistent asset growth and zero officer compensation over a decade.
EIN: 10211500 · Saco, ME · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $1.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $3.9M |
| Transparency Score | 90/100 |
Is Dyer Library Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dyer Library Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dyer Library Association
Dyer Library Association (EIN: 10211500) is a nonprofit organization based in Saco, ME, classified under NTEE code B71Z. The organization reported total revenue of $3.4M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dyer Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dyer Library Association is a mid-size nonprofit that has been operating for 82 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $970K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-54,126 |
| Total Assets | $3.9M |
| Total Liabilities | $76K |
| Net Assets | $3.9M |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 46.1 months |
Financial Health Grade: B
In 2023, Dyer Library Association reported a deficit of $54K with expenses exceeding revenue, holds 46.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Dyer Library Association's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.9% | +15.3% | +7.3% |
| 2022 | +9.3% | +1.8% | -4.3% |
| 2021 | +8.1% | -1.7% | +23.8% |
| 2020 | +15.2% | +4.2% | +3.3% |
| 2019 | -9.3% | +1.9% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1944 |
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 Dyer Library Association with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Dyer Library Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $54K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers either serve on a volunteer basis or are compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size with assets growing to nearly $4 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.
Red Flags
The following concerns were identified during AI analysis of Dyer Library Association's IRS 990 filings:
- Slight deficit in the latest fiscal period (202306) where expenses ($1,024,441) exceeded revenue ($970,315).
Strengths
The following positive indicators were identified for Dyer Library Association:
- Consistent asset growth, from $2.4 million in 2014 to $3.9 million in 2023.
- Zero reported officer compensation across all 12 filings, indicating strong resource allocation to mission.
- Low liabilities relative to assets, demonstrating financial stability.
- Consistent filing of IRS Form 990s, indicating good transparency and compliance.
- Generally positive revenue-to-expense ratio over the past decade.
Frequently Asked Questions about Dyer Library Association
Is Dyer Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Dyer Library Association (EIN: 10211500) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Dyer Library Association spend its money?
Dyer Library Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dyer Library Association tax-deductible?
Dyer Library Association is registered as a tax-exempt nonprofit (EIN: 10211500). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Dyer Library Association CEO make?
Dyer Library Association's highest-compensated officer earns $4 annually. The organization reported $3.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Dyer Library Association's spending goes to programs?
Dyer Library Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Dyer Library Association compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Dyer Library Association 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 Dyer Library Association located?
Dyer Library Association is headquartered in Saco, Maine and files with the IRS under EIN 10211500. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Dyer Library Association have?
Dyer Library Association has 12 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 $3.4M in total revenue.
Is Dyer Library Association a good charity?
Based on the available IRS 990 data, the Dyer Library Association appears to be a very good charity. It demonstrates strong financial health with growing assets, low liabilities, and a remarkable commitment to its mission by reporting 0% officer compensation for over a decade.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved over time. Assets have grown from $2,402,563 in 2014 to $3,933,417 in 2023, and revenues have generally outpaced expenses, indicating sustainable growth and effective financial management.
What is the trend in revenue and expenses?
Revenue has shown an upward trend, increasing from $822,257 in 2014 to $970,315 in 2023 (with a peak of $1,182,445 in 2022). Expenses have also increased but generally remained below revenue, except for the 2023 period where expenses slightly exceeded revenue ($1,024,441 vs. $970,315).
Filing History
IRS 990 filing history for Dyer Library Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Dyer Library Association's revenue has grown by 25.7%, moving from $772K to $970K. Total assets increased by 91.1% over the same period, from $2.1M to $3.9M. Total functional expenses rose by 38%, from $742K to $1.0M. In its most recent filing year (2023), Dyer Library Association reported a deficit of $54K, with expenses exceeding revenue. The organization holds $76K in liabilities against $3.9M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $970K | $1.0M | $3.9M | $76K | — | View 990 |
| 2022 | $1.2M | $888K | $3.7M | $81K | — | View 990 |
| 2021 | $1.1M | $872K | $3.8M | $92K | — | View 990 |
| 2020 | $1.0M | $887K | $3.1M | $100K | — | View 990 |
| 2019 | $869K | $851K | $3.0M | $73K | — | View 990 |
| 2018 | $958K | $835K | $2.9M | $79K | — | View 990 |
| 2017 | $747K | $806K | $2.7M | $64K | — | View 990 |
| 2016 | $819K | $712K | $2.6M | $47K | — | View 990 |
| 2015 | $828K | $698K | $2.5M | $60K | — | View 990 |
| 2014 | $822K | $680K | $2.4M | $64K | — | View 990 |
| 2013 | $755K | $722K | $2.1M | $68K | — | View 990 |
| 2012 | $772K | $742K | $2.1M | $78K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $970K, expenses of $1.0M, and assets of $3.9M (revenue -17.9% year-over-year).
- 2022: Revenue of $1.2M, expenses of $888K, and assets of $3.7M (revenue +9.3% year-over-year).
- 2021: Revenue of $1.1M, expenses of $872K, and assets of $3.8M (revenue +8.1% year-over-year).
- 2020: Revenue of $1.0M, expenses of $887K, and assets of $3.1M (revenue +15.2% year-over-year).
- 2019: Revenue of $869K, expenses of $851K, and assets of $3.0M (revenue -9.3% year-over-year).
- 2018: Revenue of $958K, expenses of $835K, and assets of $2.9M (revenue +28.2% year-over-year).
- 2017: Revenue of $747K, expenses of $806K, and assets of $2.7M (revenue -8.8% year-over-year).
- 2016: Revenue of $819K, expenses of $712K, and assets of $2.6M (revenue -1.1% year-over-year).
- 2015: Revenue of $828K, expenses of $698K, and assets of $2.5M (revenue +0.7% year-over-year).
- 2014: Revenue of $822K, expenses of $680K, and assets of $2.4M (revenue +8.9% year-over-year).
- 2013: Revenue of $755K, expenses of $722K, and assets of $2.1M (revenue -2.2% year-over-year).
- 2012: Revenue of $772K, expenses of $742K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dyer Library Association:
Data Sources and Methodology
This transparency report for Dyer Library Association 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.