Hubbard Free Library
Hubbard Free Library maintains over $1M in assets despite fluctuating revenues and occasional operating deficits.
EIN: 10248668 · Hallowell, ME · NTEE: B71Z · Updated: 2026-03-28
Is Hubbard Free Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hubbard Free Library directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hubbard Free Library
Hubbard Free Library (EIN: 10248668) is a nonprofit organization based in Hallowell, ME, classified under NTEE code B71Z. The organization reported total revenue of $199K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hubbard Free Library'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 Hubbard Free Library 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, Hubbard Free Library 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
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for minimizing overhead.
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 Hubbard Free Library's IRS 990 filings:
- Inconsistent operating surpluses/deficits (e.g., 2023 expenses $175,468 vs. revenue $155,552)
- Significant year-over-year fluctuations in revenue and expenses
Strengths
The following positive indicators were identified for Hubbard Free Library:
- Strong asset base consistently over $1 million
- Consistent reporting of 0% officer compensation
- Long filing history (13 filings) indicating sustained operation
Frequently Asked Questions about Hubbard Free Library
Is Hubbard Free Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Hubbard Free Library (EIN: 10248668) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Hubbard Free Library spend its money?
Hubbard Free Library directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hubbard Free Library tax-deductible?
Hubbard Free Library is registered as a tax-exempt nonprofit (EIN: 10248668). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hubbard Free Library financially stable?
While the library possesses over $1 million in assets, its operational stability is mixed, with revenues not consistently covering expenses. For example, in 2023, expenses ($175,468) exceeded revenue ($155,552).
How does Hubbard Free Library manage its expenses?
The organization consistently reports 0% officer compensation, suggesting a lean approach to executive overhead. However, without detailed expense breakdowns, it's challenging to fully assess overall spending efficiency.
What is the trend in Hubbard Free Library's revenue?
Revenue has fluctuated significantly over the years, ranging from a low of $90,630 in 2017 to a high of $221,841 in 2020, indicating an inconsistent funding stream.
Filing History
IRS 990 filing history for Hubbard Free Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hubbard Free Library's revenue has declined by 51.5%, moving from $321K to $156K. Total assets decreased by 9.3% over the same period, from $1.2M to $1.1M. Total functional expenses fell by 43%, from $308K to $175K. In its most recent filing year (2023), Hubbard Free Library reported a deficit of $20K, with expenses exceeding revenue. The organization holds $689 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $156K | $175K | $1.1M | $689 | — | — |
| 2022 | $217K | $265K | $1.0M | $9K | — | View 990 |
| 2021 | $149K | $115K | $1.2M | $11K | — | — |
| 2020 | $222K | $110K | $1.0M | $11K | — | View 990 |
| 2019 | $136K | $171K | $928K | $4K | — | View 990 |
| 2018 | $112K | $145K | $953K | $2K | — | — |
| 2017 | $91K | $163K | $973K | $2K | — | View 990 |
| 2016 | $113K | $142K | $1.0M | $2K | — | View 990 |
| 2015 | $178K | $119K | $1.1M | $2K | — | View 990 |
| 2014 | $93K | $249K | $1.1M | $2K | — | View 990 |
| 2013 | $75K | $110K | $1.2M | $2K | — | View 990 |
| 2012 | $91K | $116K | $1.1M | $2K | — | View 990 |
| 2011 | $321K | $308K | $1.2M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $156K, expenses of $175K, and assets of $1.1M (revenue -28.2% year-over-year).
- 2022: Revenue of $217K, expenses of $265K, and assets of $1.0M (revenue +45.6% year-over-year).
- 2021: Revenue of $149K, expenses of $115K, and assets of $1.2M (revenue -33.0% year-over-year).
- 2020: Revenue of $222K, expenses of $110K, and assets of $1.0M (revenue +63.0% year-over-year).
- 2019: Revenue of $136K, expenses of $171K, and assets of $928K (revenue +21.0% year-over-year).
- 2018: Revenue of $112K, expenses of $145K, and assets of $953K (revenue +24.0% year-over-year).
- 2017: Revenue of $91K, expenses of $163K, and assets of $973K (revenue -19.7% year-over-year).
- 2016: Revenue of $113K, expenses of $142K, and assets of $1.0M (revenue -36.5% year-over-year).
- 2015: Revenue of $178K, expenses of $119K, and assets of $1.1M (revenue +91.5% year-over-year).
- 2014: Revenue of $93K, expenses of $249K, and assets of $1.1M (revenue +24.1% year-over-year).
- 2013: Revenue of $75K, expenses of $110K, and assets of $1.2M (revenue -17.5% year-over-year).
- 2012: Revenue of $91K, expenses of $116K, and assets of $1.1M (revenue -71.8% year-over-year).
- 2011: Revenue of $321K, expenses of $308K, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Hubbard Free 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.