Friends Of The South Berwick Library Inc
Friends Of The South Berwick Library Inc reports $0 revenue and assets, indicating potential cessation of operations after years of deficit spending.
EIN: 134318494 · South Berwick, ME · NTEE: B117 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $141K |
| Program Spending | 75% |
| Net Assets | $51K |
| Transparency Score | 30/100 |
Is Friends Of The South Berwick Library Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The South Berwick Library Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The South Berwick Library Inc
Friends Of The South Berwick Library Inc (EIN: 134318494) is a nonprofit organization based in South Berwick, 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 South Berwick Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The South Berwick Library Inc is a micro nonprofit that has been operating for 20 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -40.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $141K |
| Surplus / Deficit | $-117,972 |
| Total Assets | $51K |
| Net Assets | $51K |
| Operating Margin | -510.0% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2015, Friends Of The South Berwick Library Inc reported a deficit of $118K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate).
Financial Trends
Over 5 years of filings (2011–2015), Friends Of The South Berwick Library Inc's revenue has declined at a compound annual growth rate (CAGR) of -40.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -73.9% | -5.0% | -69.9% |
| 2014 | -65.3% | -21.4% | -26.1% |
| 2013 | -33.0% | -54.0% | +53.6% |
| 2012 | +112.9% | +1158.5% | -16.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 South Berwick Library Inc with a Mission Score of 30 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Friends Of The South Berwick Library Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $118K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, suggesting that the organization's leadership is entirely volunteer-based, which is a positive for minimizing overhead costs.
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 South Berwick Library Inc's IRS 990 filings:
- Latest reported revenue and assets are $0, indicating potential inactivity or closure.
- Consistent deficit spending in multiple years (e.g., 2015: $23,131 revenue vs. $141,103 expenses; 2014: $88,753 revenue vs. $148,455 expenses; 2012: $382,318 revenue vs. $410,740 expenses).
- Significant decline in assets from a peak of $228,422 in 2013 to $0 currently.
Strengths
The following positive indicators were identified for Friends Of The South Berwick Library Inc:
- No reported officer compensation, indicating volunteer leadership and potentially lower administrative overhead.
- No reported liabilities across all filing periods, suggesting good debt management.
Frequently Asked Questions about Friends Of The South Berwick Library Inc
Is Friends Of The South Berwick Library Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The South Berwick Library Inc (EIN: 134318494) significant concerns. Mission Score: 30/100. 3 red flags identified, 2 strengths noted.
How does Friends Of The South Berwick Library Inc spend its money?
Friends Of The South Berwick Library Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The South Berwick Library Inc tax-deductible?
Friends Of The South Berwick Library Inc is registered as a tax-exempt nonprofit (EIN: 134318494). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of The South Berwick Library Inc's spending goes to programs?
Friends Of The South Berwick Library Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of The South Berwick Library Inc compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Friends Of The South Berwick Library Inc is below average for NTEE category B117 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of The South Berwick Library Inc located?
Friends Of The South Berwick Library Inc is headquartered in South Berwick, Maine and files with the IRS under EIN 134318494. It is classified under NTEE code B117.
How many years of IRS 990 filings does Friends Of The South Berwick Library Inc have?
Friends Of The South Berwick Library Inc 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.
Is Friends Of The South Berwick Library Inc still operational given its latest $0 revenue and assets?
Based on the latest IRS 990 data showing $0 revenue and assets, it is highly questionable whether Friends Of The South Berwick Library Inc is still actively operating. This significant drop from previous financial activity suggests a potential cessation of operations or a major organizational change.
What caused the dramatic decline in revenue and assets for the organization?
The provided data does not specify the exact causes for the dramatic decline. However, a consistent pattern of expenses exceeding revenue in multiple years (e.g., 2015, 2014, 2012) likely contributed to the depletion of assets and eventual financial inactivity.
How did the organization manage to spend $141,103 in 2015 with only $23,131 in revenue?
The organization likely covered the deficit of $117,972 in 2015 by drawing down its existing assets, which decreased from $168,720 in 2014 to $50,744 in 2015.
Filing History
IRS 990 filing history for Friends Of The South Berwick Library Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Friends Of The South Berwick Library Inc's revenue has declined by 87.1%, moving from $180K to $23K. Total assets decreased by 71.4% over the same period, from $177K to $51K. Total functional expenses rose by 332.4%, from $33K to $141K. In its most recent filing year (2015), Friends Of The South Berwick Library Inc reported a deficit of $118K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $23K | $141K | $51K | $0 | — | View 990 |
| 2014 | $89K | $148K | $169K | $0 | — | View 990 |
| 2013 | $256K | $189K | $228K | $0 | — | View 990 |
| 2012 | $382K | $411K | $149K | $0 | — | View 990 |
| 2011 | $180K | $33K | $177K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $23K, expenses of $141K, and assets of $51K (revenue -73.9% year-over-year).
- 2014: Revenue of $89K, expenses of $148K, and assets of $169K (revenue -65.3% year-over-year).
- 2013: Revenue of $256K, expenses of $189K, and assets of $228K (revenue -33.0% year-over-year).
- 2012: Revenue of $382K, expenses of $411K, and assets of $149K (revenue +112.9% year-over-year).
- 2011: Revenue of $180K, expenses of $33K, and assets of $177K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The South Berwick Library Inc:
Data Sources and Methodology
This transparency report for Friends Of The South Berwick Library Inc 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.