Friends Of Peaks Island Library

Friends Of Peaks Island Library reports no financial activity in its latest IRS filing.

EIN: 10484440 · Peaks Island, ME · NTEE: B117 · Updated: 2026-03-28

$0Revenue

$0Assets

60/100Mission Score (Good)

B117

About Friends Of Peaks Island Library

Friends Of Peaks Island Library (EIN: 10484440) is a nonprofit organization based in Peaks Island, ME, classified under NTEE code B117. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Peaks Island Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Friends Of Peaks Island Library appears to be a very small, likely volunteer-run organization, given its reported zero revenue and zero assets. This suggests it may operate on an entirely cash basis or through in-kind donations that are not monetized and reported on the IRS 990-EZ, which is common for very small community groups. Without any financial activity reported, it's impossible to assess spending efficiency or financial health in traditional terms. The organization's transparency is limited by the lack of financial data, though for an entity of this size, the filing itself serves as a basic level of public disclosure.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friends Of Peaks Island Library with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 0%
programs: 100%
fundraising: 0%

According to IRS 990 filings, Friends Of Peaks Island Library allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

No executive compensation is reported, which is expected given the organization's zero revenue and assets, indicating a likely volunteer leadership structure.

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 Friends Of Peaks Island Library's IRS 990 filings:

Zero reported revenue and assets, making financial analysis impossible.

Strengths

The following positive indicators were identified for Friends Of Peaks Island Library:

Likely volunteer-driven with no reported executive compensation.
Focus on a specific community need (library support).

Frequently Asked Questions about Friends Of Peaks Island Library

Is Friends Of Peaks Island Library a good charity?

Based solely on the IRS 990 data, it's impossible to definitively say if Friends Of Peaks Island Library is a 'good charity' in terms of financial performance, as it reports $0 in revenue and assets. Its effectiveness would need to be evaluated based on its actual community impact and activities, which are not reflected in these financial figures.

How does Friends Of Peaks Island Library fund its operations?

The IRS 990-EZ indicates $0 in revenue, suggesting that the organization either operates entirely on in-kind support, volunteer labor, or very small, unreported cash transactions that fall below reporting thresholds, or it was inactive during the reporting period.

Data Sources and Methodology

This transparency report for Friends Of Peaks Island Library 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.