Friends Of The Belgrade Public Library
Friends Of The Belgrade Public Library shows strong asset base with fluctuating revenues and no officer compensation.
EIN: 10544485 · Belgrade, ME · NTEE: B117 · Updated: 2026-03-28
Is Friends Of The Belgrade Public Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The Belgrade Public Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Belgrade Public Library
Friends Of The Belgrade Public Library (EIN: 10544485) is a nonprofit organization based in Belgrade, 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 The Belgrade Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of The Belgrade Public Library with a Mission Score of 85 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, Friends Of The Belgrade Public Library 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
Executive compensation is consistently reported as 0% across all filings, indicating that the organization is likely volunteer-led and directs all available funds to its mission rather than salaries.
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 The Belgrade Public Library's IRS 990 filings:
- Latest filing shows $0 revenue and assets, a significant drop from previous years without clear explanation.
Strengths
The following positive indicators were identified for Friends Of The Belgrade Public Library:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Strong asset base maintained over several years (e.g., $496,093 in 2012) relative to its revenue.
- Minimal liabilities reported across all filings, demonstrating financial stability.
Frequently Asked Questions about Friends Of The Belgrade Public Library
Is Friends Of The Belgrade Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Belgrade Public Library (EIN: 10544485) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Friends Of The Belgrade Public Library spend its money?
Friends Of The Belgrade Public Library directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The Belgrade Public Library tax-deductible?
Friends Of The Belgrade Public Library is registered as a tax-exempt nonprofit (EIN: 10544485). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why is the latest reported revenue and assets $0?
The latest data shows $0 in revenue and assets, which is a significant change from previous years where assets were nearly $500,000. This could indicate a change in filing requirements, a period of dormancy, or a transfer of assets, and would require further inquiry into their most recent activities or status.
How does the organization sustain its operations with fluctuating revenues?
The organization has demonstrated an ability to maintain a substantial asset base (e.g., $496,093 in 2012) despite varying annual revenues, suggesting it may rely on endowments, investments, or accumulated reserves to support its mission.
Filing History
IRS 990 filing history for Friends Of The Belgrade Public Library showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2011–2013), Friends Of The Belgrade Public Library's revenue has declined by 79.8%, moving from $130K to $26K. Total assets increased by 13.6% over the same period, from $430K to $488K. Total functional expenses rose by 182.9%, from $12K to $34K. In its most recent filing year (2013), Friends Of The Belgrade Public Library reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2013 | $26K | $34K | $488K | $0 | — | View 990 |
| 2012 | $72K | $5K | $496K | $0 | — | View 990 |
| 2011 | $130K | $12K | $430K | $650 | — | View 990 |
Year-by-Year Financial Summary
- 2013: Revenue of $26K, expenses of $34K, and assets of $488K (revenue -63.6% year-over-year).
- 2012: Revenue of $72K, expenses of $5K, and assets of $496K (revenue -44.6% year-over-year).
- 2011: Revenue of $130K, expenses of $12K, and assets of $430K.
Data Sources and Methodology
This transparency report for Friends Of The Belgrade Public 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.