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

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Eastport Public Library Association Financial Summary
MetricValue
Total Revenue$242K
Total Expenses$132K
Program Spending90%
CEO/Top Officer Pay$3
Net Assets$2.8M
Transparency Score95/100

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Eastport Public Library Association Form 990, Revenue, CEO Pay, and IRS Filing Signals

Eastport Public Library Association 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 Eastport Public Library Association in one place.

Form 990 Filing Summary

13 filing years are available, with latest revenue of $323K and expenses of $132K.

Revenue and Expenses

Eastport Public Library Association reported $323K in revenue and $132K in expenses, a surplus of $191K.

Executive Compensation

Top officer compensation appears as $3 in the stored analysis, with context against revenue and expenses below.

Charity Score and Red Flags

95/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.

Is Eastport Public Library Association Legit?

Appears Legitimate

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
NoneRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
90%Program Expense
$0Grants Paid
13Stored Filing Years

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

Eastport Public Library Association Expense Deployment
Program services$119K (90%)

Across stored filings, Eastport Public Library Association shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Eastport Public Library Association Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacyAppears LegitimateGood filing record; no red flags identified
Mission spend90% to programsExcellent
Financial durabilityGrade A13 stored filing years
Peer contextCompare with Maine Composite Materials Applied Technology Development CenterMaine and Education context

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Eastport Public Library Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

28Years Operating
SmallSize Classification
13Years of Filings
MixedRevenue Trajectory

Eastport Public Library Association is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 10.7%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Total Revenue$323K
Total Expenses$132K
Surplus / Deficit+$191K
Total Assets$2.8M
Total Liabilities$500
Net Assets$2.8M
Operating Margin59.1%
Debt-to-Asset Ratio0.0%
Months of Reserves253.3 months

Financial Health Grade: A

In 2024, Eastport Public Library Association reported a surplus of $191K with revenue exceeding expenses, holds 253.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).

Financial Trends

Over 13 years of filings (2012–2024), Eastport Public Library Association's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.

YearRevenue ChangeExpense ChangeAsset Change
2024+37.3%+10.8%+7.4%
2023-74.3%+3.4%+4.2%
2022+272.0%+13.7%+53.4%
2021+1.8%+3.5%+11.4%
2020+125.6%-2.8%+11.3%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date1998

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

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.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

$323KTotal Revenue
$132KTotal Expenses
$2.8MTotal Assets
$500Total Liabilities
$2.8MNet Assets
  • The organization reported a surplus of $191K, with revenue exceeding expenses.
  • Debt-to-asset ratio: 0.0%.

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 legitimate charity?

Eastport Public Library Association (EIN: 10211502) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $242K. No red flags identified. 5 strengths noted. Financial health grade: A.

How does Eastport Public Library Association spend its money?

Eastport Public Library Association directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.

Are donations to Eastport Public Library Association tax-deductible?

Eastport Public Library Association is registered as a tax-exempt nonprofit (EIN: 10211502). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How much does the Eastport Public Library Association CEO make?

Eastport Public Library Association's highest-compensated officer earns $3 annually. The organization reported $242K in total revenue. Executive compensation data is disclosed in IRS 990 filings.

How does Eastport Public Library Association compare to similar nonprofits?

With a transparency score of 95/100 (Excellent), Eastport Public Library Association is above average for NTEE category B700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Eastport Public Library Association located?

Eastport Public Library Association is headquartered in Eastport, Maine and files with the IRS under EIN 10211502. It is classified under NTEE code B700.

How many years of IRS 990 filings does Eastport Public Library Association have?

Eastport Public Library Association 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 $242K in total revenue.

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.

YearRevenueExpensesAssetsLiabilitiesOfficer 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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Eastport Public Library Association:

2024 Filing 2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing

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.

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