Glenburn Library Irrv Tr
Glenburn Library Irrv Tr consistently operates at a deficit, drawing down assets over the past decade.
EIN: 16157069 · Portland, ME · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $2K |
| Program Spending | 80% |
| Net Assets | $5K |
| Transparency Score | 40/100 |
Is Glenburn Library Irrv Tr Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glenburn Library Irrv Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glenburn Library Irrv Tr
Glenburn Library Irrv Tr (EIN: 16157069) is a nonprofit organization based in Portland, ME, classified under NTEE code T22. The organization reported total revenue of $3K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glenburn Library Irrv Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glenburn Library Irrv Tr is a micro nonprofit that has been operating for 25 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $175 |
| Total Expenses | $2K |
| Surplus / Deficit | $-1,483 |
| Total Assets | $5K |
| Total Liabilities | $1 |
| Net Assets | $5K |
| Operating Margin | -847.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 34.7 months |
Financial Health Grade: B
In 2023, Glenburn Library Irrv Tr reported a deficit of $1K with expenses exceeding revenue, holds 34.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Glenburn Library Irrv Tr's revenue has declined at a compound annual growth rate (CAGR) of -10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -85.5% | -2.1% | -23.6% |
| 2022 | -48.9% | -0.7% | -7.2% |
| 2021 | +173.7% | +1.3% | +10.7% |
| 2020 | -4.4% | -1.2% | -11.8% |
| 2019 | -30.2% | -10.3% | -34.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2001 |
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 Glenburn Library Irrv Tr with a Mission Score of 40 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Glenburn Library Irrv Tr allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% 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 deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0%, indicating a volunteer-led organization or one with no paid officers, which is positive for a small entity like Glenburn Library Irrv Tr.
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 Glenburn Library Irrv Tr's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) for over a decade.
- Significant decline in assets from $11,697 in 2011 to $4,799 in 2023, indicating a draw-down of reserves.
- Very low and inconsistent revenue generation, making long-term sustainability questionable.
Strengths
The following positive indicators were identified for Glenburn Library Irrv Tr:
- No executive compensation reported, indicating efficient use of funds at the leadership level.
- Long operating history with 10 filings, suggesting a committed, albeit financially challenged, presence.
Frequently Asked Questions about Glenburn Library Irrv Tr
Is Glenburn Library Irrv Tr a legitimate charity?
Glenburn Library Irrv Tr (EIN: 16157069) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 40/100. It has 10 years of IRS 990 filings on record. Total revenue: $3K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Glenburn Library Irrv Tr spend its money?
Glenburn Library Irrv Tr directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Glenburn Library Irrv Tr tax-deductible?
Glenburn Library Irrv Tr is registered as a tax-exempt nonprofit (EIN: 16157069). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Glenburn Library Irrv Tr compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Glenburn Library Irrv Tr is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Glenburn Library Irrv Tr located?
Glenburn Library Irrv Tr is headquartered in Portland, Maine and files with the IRS under EIN 16157069. It is classified under NTEE code T22.
How many years of IRS 990 filings does Glenburn Library Irrv Tr have?
Glenburn Library Irrv Tr has 10 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 $3K in total revenue.
Is Glenburn Library Irrv Tr financially sustainable?
Based on the provided data, the organization is not financially sustainable. Its expenses have consistently exceeded its revenue for over a decade, leading to a significant decline in assets from $11,697 in 2011 to $4,799 in 2023. This trend indicates a reliance on existing reserves rather than self-sufficiency.
What is the primary reason for the decline in assets?
The primary reason for the decline in assets is that the organization's expenses have consistently outpaced its revenue. For example, in 2023, revenue was $175 while expenses were $1,658, resulting in a net loss that reduced its asset base.
Does the organization pay its officers?
No, the organization consistently reports 0% officer compensation across all provided filings, suggesting that its leadership is unpaid.
How has the organization's revenue trended over the past few years?
Revenue has been highly variable and generally low, ranging from $175 in 2023 to $2,362 in 2021. There isn't a clear upward trend, and recent years show very low revenue figures, such as $175 in 2023 and $1,208 in 2022.
Filing History
IRS 990 filing history for Glenburn Library Irrv Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Glenburn Library Irrv Tr's revenue has declined by 74.8%, moving from $695 to $175. Total assets decreased by 59% over the same period, from $12K to $5K. Total functional expenses rose by 14.3%, from $1K to $2K. In its most recent filing year (2023), Glenburn Library Irrv Tr reported a deficit of $1K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $175 | $2K | $5K | $1 | — | — |
| 2022 | $1K | $2K | $6K | $1 | — | View 990 |
| 2021 | $2K | $2K | $7K | $1 | — | — |
| 2020 | $863 | $2K | $6K | $1 | — | — |
| 2019 | $903 | $2K | $7K | $1 | — | View 990 |
| 2015 | $1K | $2K | $11K | $0 | — | View 990 |
| 2014 | $735 | $2K | $11K | $0 | — | View 990 |
| 2013 | $2K | $2K | $12K | $0 | — | View 990 |
| 2012 | $2K | $2K | $12K | $0 | — | View 990 |
| 2011 | $695 | $1K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $175, expenses of $2K, and assets of $5K (revenue -85.5% year-over-year).
- 2022: Revenue of $1K, expenses of $2K, and assets of $6K (revenue -48.9% year-over-year).
- 2021: Revenue of $2K, expenses of $2K, and assets of $7K (revenue +173.7% year-over-year).
- 2020: Revenue of $863, expenses of $2K, and assets of $6K (revenue -4.4% year-over-year).
- 2019: Revenue of $903, expenses of $2K, and assets of $7K (revenue -30.2% year-over-year).
- 2015: Revenue of $1K, expenses of $2K, and assets of $11K (revenue +76.1% year-over-year).
- 2014: Revenue of $735, expenses of $2K, and assets of $11K (revenue -66.9% year-over-year).
- 2013: Revenue of $2K, expenses of $2K, and assets of $12K (revenue +16.2% year-over-year).
- 2012: Revenue of $2K, expenses of $2K, and assets of $12K (revenue +174.8% year-over-year).
- 2011: Revenue of $695, expenses of $1K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glenburn Library Irrv Tr:
Data Sources and Methodology
This transparency report for Glenburn Library Irrv Tr 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.