Friends Of The Scarborough Library
Friends Of The Scarborough Library reports $0 revenue and assets in latest filing, despite historical stability.
EIN: 10524433 · Scarborough, ME · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $10K |
| Program Spending | 100% |
| Net Assets | $175K |
| Transparency Score | 75/100 |
Is Friends Of The Scarborough 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 Scarborough Library directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Scarborough Library
Friends Of The Scarborough Library (EIN: 10524433) is a nonprofit organization based in Scarborough, ME, classified under NTEE code B11. 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 Scarborough Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Scarborough Library is a micro nonprofit that has been operating for 25 years, with 5 years of IRS 990 filings on record (2019–2021). Revenue has grown at a compound annual rate of -77.6%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $10K |
| Surplus / Deficit | $-3,332 |
| Total Assets | $175K |
| Net Assets | $175K |
| Operating Margin | -51.8% |
| Months of Reserves | 215.4 months |
Financial Health Grade: B
In 2021, Friends Of The Scarborough Library reported a deficit of $3K with expenses exceeding revenue, holds 215.4 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2021), Friends Of The Scarborough Library's revenue has declined at a compound annual growth rate (CAGR) of -77.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +1946.8% | — | -1.9% |
| 2020 | -98.3% | -100.0% | +0.2% |
| 2020 | +5765.9% | — | -0.2% |
| 2020 | -99.8% | -100.0% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of The Scarborough Library with a Mission Score of 75 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 The Scarborough 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.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
Executive Compensation Analysis
No officer compensation has been reported in any of the available filings, indicating that the organization is likely run by volunteers, which is appropriate for an organization of this size and financial activity.
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 Scarborough Library's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, which is a significant and unexplained discrepancy from prior years' stable asset base.
- Expenses ($9,759) exceeded revenue ($6,427) in the 202105 period, indicating a deficit for that year.
Strengths
The following positive indicators were identified for Friends Of The Scarborough Library:
- No officer compensation reported across all filings, indicating a volunteer-led organization and efficient use of funds.
- Historically maintained a stable asset base of approximately $175,000-$180,000 in prior years, suggesting some financial reserves.
Frequently Asked Questions about Friends Of The Scarborough Library
Is Friends Of The Scarborough Library a legitimate charity?
Friends Of The Scarborough Library (EIN: 10524433) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 5 years of IRS 990 filings on record. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Friends Of The Scarborough Library spend its money?
Friends Of The Scarborough Library directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Friends Of The Scarborough Library tax-deductible?
Friends Of The Scarborough Library is registered as a tax-exempt nonprofit (EIN: 10524433). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Friends Of The Scarborough Library compare to similar nonprofits?
With a transparency score of 75/100 (Good), Friends Of The Scarborough Library is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of The Scarborough Library located?
Friends Of The Scarborough Library is headquartered in Scarborough, Maine and files with the IRS under EIN 10524433. It is classified under NTEE code B11.
How many years of IRS 990 filings does Friends Of The Scarborough Library have?
Friends Of The Scarborough Library has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Why does the latest filing show $0 revenue and $0 assets?
The latest IRS 990 filing for Friends Of The Scarborough Library reports $0 in both revenue and assets. This is a significant change from previous years where assets were consistently around $175,000-$180,000. This could indicate a reporting error, a change in filing requirements, or a substantial shift in the organization's financial status or operational activity.
Is the organization financially stable given the $0 latest revenue?
While the latest filing shows $0 revenue, previous filings indicate a history of maintaining assets around $175,000-$180,000. For example, in 202105, they had $175,157 in assets. The $0 revenue in the latest filing is concerning and suggests potential instability or a reporting anomaly that needs clarification.
What is the primary source of their funding?
Based on the available data, the primary source of funding is not explicitly detailed beyond general revenue figures. Given their mission, it's likely a mix of donations, membership fees, and potentially investment income from their assets, which were substantial in prior years.
Filing History
IRS 990 filing history for Friends Of The Scarborough Library showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2021), Friends Of The Scarborough Library's revenue has declined by 95%, moving from $128K to $6K. Total assets decreased by 2.8% over the same period, from $180K to $175K. Total functional expenses fell by 44.5%, from $18K to $10K. In its most recent filing year (2021), Friends Of The Scarborough Library reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $6K | $10K | $175K | $0 | — | View 990 |
| 2020 | $314 | $0 | $178K | $0 | — | View 990 |
| 2020 | $18K | $20K | $178K | $0 | — | View 990 |
| 2020 | $314 | $0 | $178K | $0 | — | View 990 |
| 2019 | $128K | $18K | $180K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $6K, expenses of $10K, and assets of $175K (revenue +1946.8% year-over-year).
- 2020: Revenue of $314, expenses of $0, and assets of $178K (revenue -98.3% year-over-year).
- 2020: Revenue of $18K, expenses of $20K, and assets of $178K (revenue +5765.9% year-over-year).
- 2020: Revenue of $314, expenses of $0, and assets of $178K (revenue -99.8% year-over-year).
- 2019: Revenue of $128K, expenses of $18K, and assets of $180K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Scarborough Library:
Data Sources and Methodology
This transparency report for Friends Of The Scarborough 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.