Friends Of The Walker Memorial Library
Friends Of The Walker Memorial Library operates on a very small budget with no reported officer compensation.
EIN: 10500655 · Westbrook, ME · NTEE: B70 · Updated: 2026-03-28
Is Friends Of The Walker Memorial 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 Walker Memorial Library directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Walker Memorial Library
Friends Of The Walker Memorial Library (EIN: 10500655) is a nonprofit organization based in Westbrook, 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 Walker Memorial Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of The Walker Memorial 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Friends Of The Walker Memorial 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.
Executive Compensation Analysis
No officer compensation was reported for the period 201612, indicating that the organization's leadership is likely volunteer-based, which is commendable for an organization of its size.
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 Walker Memorial Library's IRS 990 filings:
- Outdated financial information (latest filing from 2016)
Strengths
The following positive indicators were identified for Friends Of The Walker Memorial Library:
- 100% program spending (based on no reported officer compensation)
- Volunteer-led with no reported executive compensation
- Positive net income in the reported period ($1,949 revenue vs. $720 expenses)
Frequently Asked Questions about Friends Of The Walker Memorial Library
Is Friends Of The Walker Memorial Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Walker Memorial Library (EIN: 10500655) some concerns. Mission Score: 90/100. 1 red flag identified, 3 strengths noted.
How does Friends Of The Walker Memorial Library spend its money?
Friends Of The Walker Memorial Library directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The Walker Memorial Library tax-deductible?
Friends Of The Walker Memorial Library is registered as a tax-exempt nonprofit (EIN: 10500655). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of The Walker Memorial Library a good charity?
Based on the available 2016 data, the organization appears to be a good charity, demonstrating excellent spending efficiency with 100% of expenses (totaling $720) likely going directly to programs due to no reported officer compensation. However, the lack of recent filings makes a current assessment difficult.
What is the current financial status of Friends Of The Walker Memorial Library?
The latest available financial data is from 2016, showing $1,949 in revenue, $720 in expenses, and $1,560 in assets. More recent filings are needed to determine the current financial status.
How does Friends Of The Walker Memorial Library spend its money?
In 2016, the organization spent $720. With no reported officer compensation, it is highly probable that nearly all of these expenses were directed towards program activities supporting the Walker Memorial Library.
Filing History
IRS 990 filing history for Friends Of The Walker Memorial Library showing financial trends over 1 year of public records:
In its most recent filing year (2016), Friends Of The Walker Memorial Library reported a surplus of $1K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2016 | $2K | $720 | $2K | $0 | — | — |
Data Sources and Methodology
This transparency report for Friends Of The Walker Memorial 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.