Friends Of The Library

Friends Of The Library reports no revenue or assets, indicating minimal or no financial activity.

EIN: 16015855 · Boothbay, ME · Updated: 2026-03-28

$0Revenue

$0Assets

20/100Mission Score (Poor)

About Friends Of The Library

Friends Of The Library (EIN: 16015855) is a nonprofit organization based in Boothbay, ME. 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 Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Friends Of The Library, with an EIN of 16015855, appears to be a very small or inactive organization based on the provided data. The latest reported revenue is $0 and assets are also $0. This suggests either a newly formed entity that has not yet begun operations, a dormant organization, or one that operates on an extremely minimal, perhaps volunteer-only, basis without significant financial transactions reported to the IRS. Without any financial activity, it's impossible to assess spending efficiency or financial health in a traditional sense. Transparency is limited by the lack of financial data to analyze.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friends Of The Library with a Mission Score of 20 out of 100 (Poor). 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: 0%
fundraising: 0%

According to IRS 990 filings, Friends Of The Library allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.

Executive Compensation Analysis

Given the reported $0 in revenue and assets, it is highly unlikely that any executive compensation is being paid. If it were, it would represent 100% of the organization's non-existent budget, which is not a sustainable model.

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 Library's IRS 990 filings:

No reported revenue or assets, suggesting inactivity or extremely limited operations.
Lack of financial data prevents any meaningful assessment of financial health or program impact.

Strengths

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

No reported debt or liabilities, as assets are $0.

Frequently Asked Questions about Friends Of The Library

Is Friends Of The Library a good charity?

Based on the provided data of $0 revenue and $0 assets, there is no financial activity to evaluate its effectiveness as a charity. It's not possible to determine if it's 'good' without operational data.

What are Friends Of The Library's primary programs?

With $0 in revenue and assets, the organization does not appear to be funding any programs at this time, or at least not at a level that requires financial reporting.

How does Friends Of The Library spend its money?

The organization reports $0 in revenue and assets, indicating no financial spending to analyze.

Data Sources and Methodology

This transparency report for Friends Of The 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.