Harrison Village Library

Harrison Village Library shows consistent revenue growth and strong asset accumulation with zero officer compensation.

EIN: 16013774 · Harrison, ME · NTEE: B70 · Updated: 2026-03-28

$157KRevenue

$492KAssets

92/100Mission Score (Excellent)

B70

About Harrison Village Library

Harrison Village Library (EIN: 16013774) is a nonprofit organization based in Harrison, ME, classified under NTEE code B70. The organization reported total revenue of $157K and total assets of $492K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harrison Village Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Harrison Village Library demonstrates consistent financial growth and strong asset accumulation over the past decade. Revenue has steadily increased from $64,539 in 2014 to $120,725 in 2023, with assets growing from $376,651 to $460,291 in the same period. The organization consistently reports zero officer compensation, indicating a volunteer-driven leadership structure which is a positive sign for donor confidence and efficient use of funds. Their liabilities have remained very low, often at zero, suggesting sound financial management and minimal debt burden.

The library's spending efficiency appears robust, with expenses generally below revenue in recent years, allowing for asset growth. For instance, in 2023, expenses were $98,936 against revenues of $120,725. The absence of reported officer compensation further enhances their spending efficiency. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial health, marked by increasing revenue, growing assets, and minimal liabilities, suggests a well-managed and financially stable organization.

Transparency is high given the consistent filing of IRS Form 990s over 13 periods and the clear reporting of key financial metrics. The lack of officer compensation is a significant transparency indicator, showing that leadership is not drawing salaries from the organization's funds. This commitment to volunteer leadership and consistent financial reporting contributes to a positive assessment of their transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Harrison Village Library with a Mission Score of 92 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Harrison Village Library allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable 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 Harrison Village Library:

Consistent revenue growth (from $64,539 in 2014 to $120,725 in 2023)
Strong asset accumulation (from $376,651 in 2014 to $460,291 in 2023)
Zero officer compensation across all reported periods
Very low to zero liabilities, indicating sound financial management
Consistent IRS 990 filing history (13 filings) demonstrating transparency

Frequently Asked Questions about Harrison Village Library

Is Harrison Village Library a good charity?

Based on the available financial data, Harrison Village Library appears to be a very good charity. It demonstrates consistent revenue growth, strong asset accumulation, minimal liabilities, and notably, zero officer compensation, indicating efficient use of funds and a volunteer-driven leadership.

How has the library's financial health changed over the last decade?

The library's financial health has significantly improved over the last decade. Revenue has nearly doubled from $64,539 in 2014 to $120,725 in 2023, and assets have grown from $376,651 to $460,291 in the same period, indicating strong financial management and growth.

What is the organization's approach to executive compensation?

The organization's approach to executive compensation is to have none. All available filings show 0% officer compensation, meaning the leadership serves on a volunteer basis, which is a strong indicator of dedication to the mission and efficient resource allocation.

Filing History

IRS 990 filing history for Harrison Village Library showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Harrison Village Library's revenue has grown by 111.7%, moving from $57K to $121K. Total assets increased by 12.8% over the same period, from $408K to $460K. Total functional expenses rose by 41.1%, from $70K to $99K. In its most recent filing year (2023), Harrison Village Library reported a surplus of $22K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$121K	$99K	$460K	$0	—	View 990
2022	$102K	$90K	$385K	$3K	—	View 990
2021	$107K	$77K	$373K	$3K	—	View 990
2020	$81K	$90K	$349K	$9K	—	View 990
2019	$86K	$90K	$351K	$2K	—	View 990
2018	$79K	$86K	$355K	$2K	—	View 990
2017	$71K	$84K	$362K	$2K	—	View 990
2016	$85K	$78K	$376K	$2K	—	View 990
2015	$63K	$74K	$368K	$2K	—	View 990
2014	$65K	$74K	$377K	$0	—	View 990
2013	$60K	$67K	$386K	$0	—	View 990
2012	$57K	$72K	$393K	$0	—	View 990
2011	$57K	$70K	$408K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $121K, expenses of $99K, and assets of $460K (revenue +18.7% year-over-year).
2022: Revenue of $102K, expenses of $90K, and assets of $385K (revenue -5.2% year-over-year).
2021: Revenue of $107K, expenses of $77K, and assets of $373K (revenue +32.8% year-over-year).
2020: Revenue of $81K, expenses of $90K, and assets of $349K (revenue -6.4% year-over-year).
2019: Revenue of $86K, expenses of $90K, and assets of $351K (revenue +9.2% year-over-year).
2018: Revenue of $79K, expenses of $86K, and assets of $355K (revenue +11.6% year-over-year).
2017: Revenue of $71K, expenses of $84K, and assets of $362K (revenue -16.9% year-over-year).
2016: Revenue of $85K, expenses of $78K, and assets of $376K (revenue +34.6% year-over-year).
2015: Revenue of $63K, expenses of $74K, and assets of $368K (revenue -1.9% year-over-year).
2014: Revenue of $65K, expenses of $74K, and assets of $377K (revenue +6.9% year-over-year).
2013: Revenue of $60K, expenses of $67K, and assets of $386K (revenue +5.9% year-over-year).
2012: Revenue of $57K, expenses of $72K, and assets of $393K (revenue +0.0% year-over-year).
2011: Revenue of $57K, expenses of $70K, and assets of $408K.

Data Sources and Methodology

This transparency report for Harrison Village 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.