George Winfield Treat Memorial Library Foundation
George Winfield Treat Memorial Library Foundation maintains stable assets with zero officer compensation and liabilities.
EIN: 16008577 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $299K |
| Total Expenses | $24K |
| Program Spending | 90% |
| Net Assets | $397K |
| Transparency Score | 95/100 |
Is George Winfield Treat Memorial Library Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George Winfield Treat Memorial Library Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George Winfield Treat Memorial Library Foundation
George Winfield Treat Memorial Library Foundation (EIN: 16008577) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $299K and total assets of $390K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George Winfield Treat Memorial Library Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George Winfield Treat Memorial Library Foundation is a small nonprofit that has been operating for 71 years, with 5 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26K |
| Total Expenses | $24K |
| Surplus / Deficit | +$2K |
| Total Assets | $397K |
| Net Assets | $397K |
| Operating Margin | 8.8% |
| Months of Reserves | 201.7 months |
Financial Health Grade: A
In 2023, George Winfield Treat Memorial Library Foundation reported a surplus of $2K with revenue exceeding expenses, holds 201.7 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2012–2023), George Winfield Treat Memorial Library Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +235.9% | -1.6% | +0.6% |
| 2022 | -32.1% | -0.2% | -4.0% |
| 2021 | -72.6% | -11.8% | -3.0% |
| 2020 | +91.8% | -16.8% | +18.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1955 |
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 George Winfield Treat Memorial Library Foundation with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, George Winfield Treat Memorial Library Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating that no salaries are paid to officers, which is highly efficient for a nonprofit of this 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.
Strengths
The following positive indicators were identified for George Winfield Treat Memorial Library Foundation:
- Zero officer compensation, indicating high efficiency and dedication of resources to mission.
- Consistently reports zero liabilities, demonstrating strong financial health and no debt.
- Stable and substantial asset base (currently $396,758), suggesting long-term sustainability.
- Consistent and low operating expenses relative to assets, indicating prudent financial management.
Frequently Asked Questions about George Winfield Treat Memorial Library Foundation
Is George Winfield Treat Memorial Library Foundation a legitimate charity?
George Winfield Treat Memorial Library Foundation (EIN: 16008577) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 5 years of IRS 990 filings on record. Total revenue: $299K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does George Winfield Treat Memorial Library Foundation spend its money?
George Winfield Treat Memorial Library Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to George Winfield Treat Memorial Library Foundation tax-deductible?
George Winfield Treat Memorial Library Foundation is registered as a tax-exempt nonprofit (EIN: 16008577). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is George Winfield Treat Memorial Library Foundation located?
George Winfield Treat Memorial Library Foundation is headquartered in Portland, Maine and files with the IRS under EIN 16008577.
How many years of IRS 990 filings does George Winfield Treat Memorial Library Foundation have?
George Winfield Treat Memorial Library Foundation 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. The most recent filing shows $299K in total revenue.
Is the George Winfield Treat Memorial Library Foundation financially stable?
Yes, the foundation appears very financially stable, consistently reporting substantial assets (currently $396,758) and zero liabilities across all reported periods, indicating a strong balance sheet.
How efficient is the foundation's spending?
The foundation demonstrates excellent spending efficiency, with 0% officer compensation reported in all filings, meaning all funds are directed towards its mission or operational costs without executive salaries.
Does the foundation have any debt?
No, the foundation consistently reports $0 in liabilities across all available IRS 990 filings, indicating it operates debt-free.
What is the trend in the foundation's assets?
The foundation's assets have remained robust and relatively stable over time, fluctuating between $356,068 (2012) and $423,452 (2020), currently standing at $396,758 (2023).
Filing History
IRS 990 filing history for George Winfield Treat Memorial Library Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2023), George Winfield Treat Memorial Library Foundation's revenue has grown by 20%, moving from $22K to $26K. Total assets increased by 11.4% over the same period, from $356K to $397K. Total functional expenses fell by 28%, from $33K to $24K. In its most recent filing year (2023), George Winfield Treat Memorial Library Foundation reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26K | $24K | $397K | $0 | — | — |
| 2022 | $8K | $24K | $394K | $0 | — | — |
| 2021 | $11K | $24K | $411K | $0 | — | — |
| 2020 | $41K | $27K | $423K | $0 | — | — |
| 2012 | $22K | $33K | $356K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26K, expenses of $24K, and assets of $397K (revenue +235.9% year-over-year).
- 2022: Revenue of $8K, expenses of $24K, and assets of $394K (revenue -32.1% year-over-year).
- 2021: Revenue of $11K, expenses of $24K, and assets of $411K (revenue -72.6% year-over-year).
- 2020: Revenue of $41K, expenses of $27K, and assets of $423K (revenue +91.8% year-over-year).
- 2012: Revenue of $22K, expenses of $33K, and assets of $356K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George Winfield Treat Memorial Library Foundation:
Data Sources and Methodology
This transparency report for George Winfield Treat Memorial Library Foundation 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.