Friends Of The Vinalhaven Public Library
Friends Of The Vinalhaven Public Library shows strong program spending with stable assets.
EIN: 10421208 · Vinalhaven, ME · NTEE: B117 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $118K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $118,140, |
| Transparency Score | 90/100 |
Is Friends Of The Vinalhaven Public Library Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The Vinalhaven Public Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Vinalhaven Public Library
Friends Of The Vinalhaven Public Library (EIN: 10421208) is a nonprofit organization based in Vinalhaven, ME, classified under NTEE code B117. The organization reported total revenue of $118K and total assets of $507K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Vinalhaven Public 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 | 1200 |
| IRS Ruling Date | 2000 |
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 Vinalhaven Public Library with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of The Vinalhaven Public Library allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Given the organization's latest revenue of $118,140, it is highly probable that executive compensation is minimal or non-existent, aligning with the typical structure of smaller, community-focused nonprofits.
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.
Strengths
The following positive indicators were identified for Friends Of The Vinalhaven Public Library:
- Strong program spending ratio (85%)
- Stable asset base ($506,812)
- Community-focused mission (NTEE B117 - Libraries)
Frequently Asked Questions about Friends Of The Vinalhaven Public Library
Is Friends Of The Vinalhaven Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Vinalhaven Public Library (EIN: 10421208) appears legitimate. Mission Score: 90/100. 0 red flags identified, 3 strengths noted.
How does Friends Of The Vinalhaven Public Library spend its money?
Friends Of The Vinalhaven Public Library directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The Vinalhaven Public Library tax-deductible?
Friends Of The Vinalhaven Public Library is registered as a tax-exempt nonprofit (EIN: 10421208). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of The Vinalhaven Public Library CEO make?
Friends Of The Vinalhaven Public Library's highest-compensated officer earns $118,140, annually. The organization reported $118K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of The Vinalhaven Public Library's spending goes to programs?
Friends Of The Vinalhaven Public Library directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of The Vinalhaven Public Library compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Friends Of The Vinalhaven Public Library is above 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 Vinalhaven Public Library located?
Friends Of The Vinalhaven Public Library is headquartered in Vinalhaven, Maine and files with the IRS under EIN 10421208. It is classified under NTEE code B117.
Is Friends Of The Vinalhaven Public Library a good charity?
Based on its strong program spending (85%) and stable asset base ($506,812 against $118,140 revenue), Friends Of The Vinalhaven Public Library appears to be a good charity effectively utilizing its resources for its mission.
How does their program spending compare to similar organizations?
With 85% of spending on programs, Friends Of The Vinalhaven Public Library demonstrates a very high efficiency ratio, often exceeding benchmarks for similar small community-based nonprofits.
Data Sources and Methodology
This transparency report for Friends Of The Vinalhaven 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.