Friends Of Topsham Library

Friends Of Topsham Library reports no financial activity in its latest IRS 990 filing.

EIN: 10521872 · Topsham, ME · NTEE: B11 · Updated: 2026-03-28

$0Revenue

$0Assets

50/100Mission Score (Fair)

B11

About Friends Of Topsham Library

Friends Of Topsham Library (EIN: 10521872) is a nonprofit organization based in Topsham, 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 Topsham Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Friends Of Topsham Library appears to be a very small, likely volunteer-run organization, given its reported zero revenue and zero assets. This suggests it may operate on an extremely limited budget, possibly relying on in-kind donations or direct community support not reflected in standard IRS 990 filings for larger organizations. Without any financial activity, it's impossible to assess spending efficiency or financial health in the traditional sense. The transparency is high in that the filing clearly states no financial activity, but there's no financial data to analyze for deeper insights into operations or spending habits.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friends Of Topsham Library with a Mission Score of 50 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 Topsham Library allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.

Executive Compensation Analysis

No executive compensation is reported, which is consistent with an organization reporting zero revenue and assets, suggesting a volunteer-led structure.

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 Topsham Library's IRS 990 filings:

No reported financial activity, making financial health and operational efficiency impossible to assess.

Strengths

The following positive indicators were identified for Friends Of Topsham Library:

Clear reporting of no financial activity, indicating transparency in its current financial state.

Frequently Asked Questions about Friends Of Topsham Library

How does Friends Of Topsham Library fund its activities if it reports $0 revenue?

The IRS 990 filing indicates no financial transactions, suggesting the organization may be entirely volunteer-run with no monetary income or expenses, or its activities are funded through a fiscal sponsor or other means not requiring direct reporting of revenue and assets under its EIN.

What programs does Friends Of Topsham Library operate?

The filing does not provide details on specific programs, as there are no reported expenses. Given its name, it likely supports the Topsham Library, but the nature and scale of this support cannot be determined from the financial data.

Data Sources and Methodology

This transparency report for Friends Of Topsham 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.