Hollis Center Library Association
Hollis Center Library Association shows stable historical finances but reports zero revenue and assets in its latest filing.
EIN: 10339973 · Hollis Center, ME · NTEE: B117 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $52K |
| Program Spending | 80% |
| Net Assets | $289K |
| Transparency Score | 70/100 |
Is Hollis Center Library Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hollis Center Library Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hollis Center Library Association
Hollis Center Library Association (EIN: 10339973) is a nonprofit organization based in Hollis Center, 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 Hollis Center Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hollis Center Library Association is a micro nonprofit that has been operating for 23 years, with 9 years of IRS 990 filings on record (2012–2020). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $52K |
| Surplus / Deficit | $-4,622 |
| Total Assets | $289K |
| Net Assets | $289K |
| Operating Margin | -9.7% |
| Months of Reserves | 66.7 months |
Financial Health Grade: B
In 2020, Hollis Center Library Association reported a deficit of $5K with expenses exceeding revenue, holds 66.7 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2012–2020), Hollis Center Library Association's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -4.3% | +4.2% | -1.6% |
| 2019 | +5.9% | +9.3% | +1.3% |
| 2018 | +34.7% | +12.1% | +0.4% |
| 2017 | -8.0% | +4.1% | -2.0% |
| 2016 | -19.5% | -13.0% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Hollis Center Library Association with a Mission Score of 70 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, Hollis Center 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.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure or that compensation falls below reporting thresholds, which is common for smaller organizations 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.
Red Flags
The following concerns were identified during AI analysis of Hollis Center Library Association's IRS 990 filings:
- Latest filing reports $0 revenue and $0 assets, a significant and unexplained deviation from historical trends.
- Expenses occasionally exceed revenue, requiring reliance on existing assets to cover shortfalls (e.g., 2020: $52,106 expenses vs. $47,484 revenue).
Strengths
The following positive indicators were identified for Hollis Center Library Association:
- Maintains a strong and stable asset base, consistently around $290,000-$300,000, indicating financial stability.
- Reports no liabilities across all filings, demonstrating a debt-free financial position.
- Consistent 0% officer compensation suggests a volunteer-driven model and efficient use of funds for leadership.
- Long history of IRS 990 filings (9 filings) indicates consistent compliance and transparency.
Frequently Asked Questions about Hollis Center Library Association
Is Hollis Center Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Hollis Center Library Association (EIN: 10339973) some concerns. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
How does Hollis Center Library Association spend its money?
Hollis Center Library Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hollis Center Library Association tax-deductible?
Hollis Center Library Association is registered as a tax-exempt nonprofit (EIN: 10339973). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hollis Center Library Association's spending goes to programs?
Hollis Center Library Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hollis Center Library Association compare to similar nonprofits?
With a transparency score of 70/100 (Good), Hollis Center Library Association is above average for NTEE category B117 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hollis Center Library Association located?
Hollis Center Library Association is headquartered in Hollis Center, Maine and files with the IRS under EIN 10339973. It is classified under NTEE code B117.
How many years of IRS 990 filings does Hollis Center Library Association have?
Hollis Center Library Association has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the reason for the $0 revenue and $0 assets reported in the latest filing?
The latest filing shows a significant departure from historical financial data, reporting $0 in both revenue and assets. This could indicate a change in reporting, a temporary cessation of operations, or an error in the filing. Further investigation into the specific 990 form would be needed to understand this anomaly.
How does the organization fund its operations given its modest revenue and occasional expense deficits?
Historically, the organization has operated near break-even. In years where expenses exceeded revenue (e.g., 2020 with $52,106 expenses vs. $47,484 revenue), the difference would likely be covered by drawing from its stable asset base, which has consistently been around $290,000-$300,000.
What is the primary source of the organization's revenue?
The provided data does not specify revenue sources. Given its nature as a library association, common sources would include membership fees, donations, grants, and potentially small service fees or investment income from its assets.
Filing History
IRS 990 filing history for Hollis Center Library Association showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2020), Hollis Center Library Association's revenue has grown by 15.9%, moving from $41K to $47K. Total assets decreased by 4.2% over the same period, from $302K to $289K. Total functional expenses rose by 10.4%, from $47K to $52K. In its most recent filing year (2020), Hollis Center Library Association reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $47K | $52K | $289K | $0 | — | View 990 |
| 2019 | $50K | $50K | $294K | $0 | — | View 990 |
| 2018 | $47K | $46K | $290K | $0 | — | View 990 |
| 2017 | $35K | $41K | $289K | $0 | — | View 990 |
| 2016 | $38K | $39K | $295K | $0 | — | View 990 |
| 2015 | $47K | $45K | $297K | $0 | — | View 990 |
| 2014 | $42K | $44K | $295K | $0 | — | View 990 |
| 2013 | $36K | $42K | $297K | $0 | — | View 990 |
| 2012 | $41K | $47K | $302K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $47K, expenses of $52K, and assets of $289K (revenue -4.3% year-over-year).
- 2019: Revenue of $50K, expenses of $50K, and assets of $294K (revenue +5.9% year-over-year).
- 2018: Revenue of $47K, expenses of $46K, and assets of $290K (revenue +34.7% year-over-year).
- 2017: Revenue of $35K, expenses of $41K, and assets of $289K (revenue -8.0% year-over-year).
- 2016: Revenue of $38K, expenses of $39K, and assets of $295K (revenue -19.5% year-over-year).
- 2015: Revenue of $47K, expenses of $45K, and assets of $297K (revenue +11.3% year-over-year).
- 2014: Revenue of $42K, expenses of $44K, and assets of $295K (revenue +15.8% year-over-year).
- 2013: Revenue of $36K, expenses of $42K, and assets of $297K (revenue -10.9% year-over-year).
- 2012: Revenue of $41K, expenses of $47K, and assets of $302K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hollis Center Library Association:
Data Sources and Methodology
This transparency report for Hollis Center 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.