Eastport Public Library Association

Eastport Public Library Association shows consistent asset growth and no officer compensation over a decade.

EIN: 10211502 · Eastport, ME · NTEE: B700 · Updated: 2026-03-28

$242KRevenue

$2.9MAssets

95/100Mission Score (Excellent)

B700

About Eastport Public Library Association

Eastport Public Library Association (EIN: 10211502) is a nonprofit organization based in Eastport, ME, classified under NTEE code B700. The organization reported total revenue of $242K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastport Public Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Eastport Public Library Association demonstrates strong financial health and a commendable commitment to its mission, as evidenced by its IRS 990 filings. The organization consistently maintains a healthy asset base, growing from $1.2 million in 2015 to nearly $2.9 million currently, indicating effective asset management and long-term stability. Revenue has fluctuated, with a notable spike to over $900,000 in 2022, but generally remains robust, supporting its operations. The organization's expenses are consistently well below its revenue, allowing for asset growth and indicating efficient use of funds.

Spending efficiency appears high, with expenses typically ranging from $74,000 to $132,000 annually, while revenue often significantly exceeds these amounts. This suggests a lean operational structure and a focus on direct program delivery. The absence of reported officer compensation across all filings is a significant indicator of transparency and a volunteer-driven leadership model, which further enhances its financial efficiency. The organization's liabilities are consistently low or non-existent, reflecting sound financial management and minimal debt burden.

Overall, the Eastport Public Library Association exhibits excellent financial stewardship. Its consistent asset growth, low liabilities, and lack of executive compensation point to a well-managed and transparent organization dedicated to its public service mission. The financial data suggests a strong capacity to sustain and expand its library services to the community.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Eastport Public Library Association 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, Eastport Public Library Association 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 Eastport Public Library Association reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure, which is highly commendable for a nonprofit of its size with assets nearing $3 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.

Strengths

The following positive indicators were identified for Eastport Public Library Association:

Consistent asset growth, from $1.2M in 2015 to $2.9M currently.
Zero officer compensation reported across all filings, indicating volunteer leadership.
Very low liabilities, often $0, reflecting strong financial management.
Expenses consistently well below revenue, allowing for reinvestment and growth.
High program spending efficiency due to minimal administrative and fundraising overhead.

Frequently Asked Questions about Eastport Public Library Association

Is Eastport Public Library Association a good charity?

Yes, based on its financial data, the Eastport Public Library Association appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, very low liabilities, and no reported officer compensation, indicating efficient and transparent operations.

How has the organization's financial health changed over time?

The organization's financial health has significantly improved over time, with assets growing from $1,267,725 in 2015 to $2,910,603 currently. Revenue has also generally increased, and expenses have remained controlled, leading to consistent net asset growth.

What is the organization's spending efficiency?

The organization exhibits high spending efficiency. For example, in 2024, with revenue of $322,545, expenses were only $131,994. The absence of officer compensation further contributes to its efficient use of funds, likely directing more resources to programs.

Does the organization have any debt?

The organization consistently reports very low or zero liabilities across its filings. For instance, in 2024, liabilities were $500, and in several prior years, they were $0, indicating a very healthy balance sheet with minimal debt.

Filing History

IRS 990 filing history for Eastport Public Library Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Eastport Public Library Association's revenue has grown by 237.9%, moving from $95K to $323K. Total assets increased by 146.9% over the same period, from $1.1M to $2.8M. Total functional expenses rose by 128.6%, from $58K to $132K. In its most recent filing year (2024), Eastport Public Library Association reported a surplus of $191K, with revenue exceeding expenses. The organization holds $500 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$323K	$132K	$2.8M	$500	—	—
2023	$235K	$119K	$2.6M	$5K	—	View 990
2022	$912K	$115K	$2.5M	$0	—	View 990
2021	$245K	$101K	$1.6M	$0	—	View 990
2020	$241K	$98K	$1.5M	$0	—	View 990
2019	$107K	$101K	$1.3M	$0	—	View 990
2018	$92K	$93K	$1.4M	$0	—	View 990
2017	$89K	$74K	$1.3M	$0	—	View 990
2016	$94K	$78K	$1.2M	$0	—	View 990
2015	$154K	$78K	$1.3M	$0	—	View 990
2014	$94K	$69K	$1.2M	$0	—	View 990
2013	$77K	$69K	$1.1M	$0	—	View 990
2012	$95K	$58K	$1.1M	$0	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $323K, expenses of $132K, and assets of $2.8M (revenue +37.3% year-over-year).
2023: Revenue of $235K, expenses of $119K, and assets of $2.6M (revenue -74.3% year-over-year).
2022: Revenue of $912K, expenses of $115K, and assets of $2.5M (revenue +272.0% year-over-year).
2021: Revenue of $245K, expenses of $101K, and assets of $1.6M (revenue +1.8% year-over-year).
2020: Revenue of $241K, expenses of $98K, and assets of $1.5M (revenue +125.6% year-over-year).
2019: Revenue of $107K, expenses of $101K, and assets of $1.3M (revenue +15.7% year-over-year).
2018: Revenue of $92K, expenses of $93K, and assets of $1.4M (revenue +3.6% year-over-year).
2017: Revenue of $89K, expenses of $74K, and assets of $1.3M (revenue -5.0% year-over-year).
2016: Revenue of $94K, expenses of $78K, and assets of $1.2M (revenue -39.2% year-over-year).
2015: Revenue of $154K, expenses of $78K, and assets of $1.3M (revenue +64.6% year-over-year).
2014: Revenue of $94K, expenses of $69K, and assets of $1.2M (revenue +21.7% year-over-year).
2013: Revenue of $77K, expenses of $69K, and assets of $1.1M (revenue -19.4% year-over-year).
2012: Revenue of $95K, expenses of $58K, and assets of $1.1M.

Data Sources and Methodology

This transparency report for Eastport Public 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.