Friends Of The Searsmont Library
Friends Of The Searsmont Library reports no revenue or assets in its latest filing.
EIN: 10528549 · Searsmont, ME · NTEE: B70 · Updated: 2026-03-28
Is Friends Of The Searsmont Library Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends Of The Searsmont Library
Friends Of The Searsmont Library (EIN: 10528549) is a nonprofit organization based in Searsmont, ME, classified under NTEE code B70. 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 Searsmont Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Searsmont Library with a Mission Score of 40 out of 100 (Fair). 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 Searsmont Library allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
No executive compensation is reported, which is expected given the organization's zero revenue and assets. This suggests a volunteer-led structure with no paid staff.
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 Searsmont Library's IRS 990 filings:
- Zero reported revenue and assets, indicating potential inactivity or extremely limited operations.
- Lack of financial data prevents any meaningful analysis of financial health or program effectiveness.
Strengths
The following positive indicators were identified for Friends Of The Searsmont Library:
- No reported executive compensation, suggesting a volunteer-driven model.
Frequently Asked Questions about Friends Of The Searsmont Library
Is Friends Of The Searsmont Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Searsmont Library (EIN: 10528549) significant concerns. Mission Score: 40/100. 2 red flags identified, 1 strength noted.
How does Friends Of The Searsmont Library spend its money?
Detailed spending breakdown data is not yet available for Friends Of The Searsmont Library. Check back for updated IRS 990 analysis.
Are donations to Friends Of The Searsmont Library tax-deductible?
Friends Of The Searsmont Library is registered as a tax-exempt nonprofit (EIN: 10528549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Friends Of The Searsmont Library compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Friends Of The Searsmont Library is near average for NTEE category B70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of The Searsmont Library located?
Friends Of The Searsmont Library is headquartered in Searsmont, Maine and files with the IRS under EIN 10528549. It is classified under NTEE code B70.
Is Friends Of The Searsmont Library actively operating?
Based on the latest IRS 990 data showing $0 revenue and $0 assets, it is unclear if Friends Of The Searsmont Library is actively operating or if its financial activities are below the reporting threshold for detailed financial information.
How does Friends Of The Searsmont Library fund its operations?
The latest filing indicates $0 in revenue, meaning there is no reported funding source. If the organization is active, it may be operating on very small, unreported cash transactions or entirely with in-kind donations not reflected in the financial statements.
Data Sources and Methodology
This transparency report for Friends Of The Searsmont 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.