Harrington Library Association
Harrington Library Association consistently operates at a deficit, relying on assets despite volunteer leadership.
EIN: 10318674 · Harrington, ME · NTEE: B70 · Updated: 2026-03-28
About Harrington Library Association
Harrington Library Association (EIN: 10318674) is a nonprofit organization based in Harrington, 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 Harrington Library Association'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 Harrington Library Association with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Harrington Library Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
No officer compensation was reported across all three filing periods (2020-2022), indicating a volunteer-led organization. This is highly efficient for an organization of its size with assets over $120,000.
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 Harrington Library Association's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in 2021 and 2022)
- Fluctuating and relatively low revenue compared to expenses
- Lack of detailed expense breakdown in provided data
Strengths
The following positive indicators were identified for Harrington Library Association:
- Strong asset base (over $120,000) with no liabilities
- Volunteer-led leadership with 0% officer compensation reported
- Consistent presence and likely community support given its NTEE code (Libraries)
Frequently Asked Questions about Harrington Library Association
How does the Harrington Library Association cover its operational deficits?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., $10,381 expenses vs. $4,928 revenue in 2022). With no reported liabilities and a stable asset base of over $120,000, it likely covers these deficits by drawing from its reserves or endowment.
What is the primary source of the organization's revenue?
The provided data only shows total revenue, which has fluctuated significantly from $12,928 in 2020 to $2,941 in 2021 and $4,928 in 2022. Without a detailed breakdown, it's impossible to identify the primary source, but the variability suggests reliance on grants, donations, or specific fundraising events rather than a stable recurring income stream.
Is the Harrington Library Association financially sustainable in the long term?
While the organization has a solid asset base and no liabilities, consistent operational deficits (e.g., $5,453 in 2022 and $8,639 in 2021) are not sustainable indefinitely. Continued reliance on drawing down assets without a plan to increase recurring revenue could pose a long-term risk to its financial health.
Filing History
IRS 990 filing history for Harrington Library Association showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2020–2022), Harrington Library Association's revenue has declined by 61.9%, moving from $13K to $5K. Total assets decreased by 10.5% over the same period, from $134K to $120K. Total functional expenses rose by 36.4%, from $8K to $10K. In its most recent filing year (2022), Harrington Library Association reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $5K | $10K | $120K | $0 | — | — |
| 2021 | $3K | $12K | $126K | $0 | — | — |
| 2020 | $13K | $8K | $134K | $0 | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $5K, expenses of $10K, and assets of $120K (revenue +67.6% year-over-year).
- 2021: Revenue of $3K, expenses of $12K, and assets of $126K (revenue -77.3% year-over-year).
- 2020: Revenue of $13K, expenses of $8K, and assets of $134K.
Data Sources and Methodology
This transparency report for Harrington Library Association 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.