Friends Of Waterboro Public Library
Friends Of Waterboro Public Library reported a significant deficit in its last available filing from 2011, with expenses more than double its revenue.
EIN: 10546751 · E Waterboro, ME · NTEE: B117 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $50K |
| Program Spending | 75% |
| Net Assets | $52K |
| Transparency Score | 50/100 |
Is Friends Of Waterboro Public 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 Waterboro Public Library directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Waterboro Public Library
Friends Of Waterboro Public Library (EIN: 10546751) is a nonprofit organization based in E Waterboro, 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 Waterboro Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Waterboro Public Library is a micro nonprofit that has been operating for 21 years.
Key Financial Metrics (2011)
From the most recent IRS 990 filing on record:
| Total Revenue | $22K |
| Total Expenses | $50K |
| Surplus / Deficit | $-28,776 |
| Total Assets | $52K |
| Net Assets | $52K |
| Operating Margin | -132.8% |
| Months of Reserves | 12.4 months |
Financial Health Grade: B
In 2011, Friends Of Waterboro Public Library reported a deficit of $29K with expenses exceeding revenue, holds 12.4 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Waterboro Public 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Friends Of Waterboro Public Library 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 (2011)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation was reported as 0% in 2011, indicating that the organization's leadership was likely volunteer-based, which is common for small community nonprofits and helps keep administrative costs low.
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 Waterboro Public Library's IRS 990 filings:
- No recent IRS 990 filings available since 2011, indicating potential inactivity or non-compliance.
- Reported a significant operational deficit in 2011, with expenses ($50,451) more than double revenue ($21,675).
- Zero reported revenue and assets in the latest summary, suggesting a lack of current financial activity or reporting.
Strengths
The following positive indicators were identified for Friends Of Waterboro Public Library:
- Reported no liabilities in 2011, indicating a healthy balance sheet at that time.
- No officer compensation reported in 2011, suggesting volunteer leadership and potentially lower administrative overhead.
Frequently Asked Questions about Friends Of Waterboro Public Library
Is Friends Of Waterboro Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Waterboro Public Library (EIN: 10546751) some concerns. Mission Score: 50/100. 3 red flags identified, 2 strengths noted.
How does Friends Of Waterboro Public Library spend its money?
Friends Of Waterboro Public Library directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Waterboro Public Library tax-deductible?
Friends Of Waterboro Public Library is registered as a tax-exempt nonprofit (EIN: 10546751). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Waterboro Public Library's spending goes to programs?
Friends Of Waterboro Public Library directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Waterboro Public Library compare to similar nonprofits?
With a transparency score of 50/100 (Fair), Friends Of Waterboro Public Library is near 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 Waterboro Public Library located?
Friends Of Waterboro Public Library is headquartered in E Waterboro, Maine and files with the IRS under EIN 10546751. It is classified under NTEE code B117.
Is Friends Of Waterboro Public Library still actively operating?
The latest available IRS 990 filing is from 2011, and there are no more recent filings or reported revenue/assets, which raises questions about the organization's current operational status.
How did Friends Of Waterboro Public Library cover its $28,776 deficit in 2011?
With expenses of $50,451 against revenue of $21,675 in 2011, the organization likely drew from prior year reserves or received a significant non-revenue contribution not detailed in the summary data to cover the deficit.
What were the specific program activities funded by the organization in 2011?
The provided summary data does not detail specific program activities or a breakdown of the $50,451 in expenses, making it difficult to assess the nature of their spending.
Filing History
IRS 990 filing history for Friends Of Waterboro Public Library showing financial trends over 1 year of public records:
In its most recent filing year (2011), Friends Of Waterboro Public Library reported a deficit of $29K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2011 | $22K | $50K | $52K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Waterboro Public Library:
Data Sources and Methodology
This transparency report for Friends Of Waterboro 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.