Katahdin Public Library
Katahdin Public Library operated at a slight deficit in 2013 with minimal revenue and no executive compensation.
EIN: 10439355 · Island Falls, ME · NTEE: B70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $12K |
| Program Spending | 85% |
| Net Assets | $261K |
| Transparency Score | 70/100 |
Is Katahdin Public Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Katahdin Public Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Katahdin Public Library
Katahdin Public Library (EIN: 10439355) is a nonprofit organization based in Island Falls, 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 Katahdin Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Katahdin Public Library is a micro nonprofit that has been operating for 12 years.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $12K |
| Surplus / Deficit | $-343 |
| Total Assets | $261K |
| Net Assets | $261K |
| Operating Margin | -3.0% |
| Months of Reserves | 263.8 months |
Financial Health Grade: B
In 2013, Katahdin Public Library reported a deficit of $343 with expenses exceeding revenue, holds 263.8 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Katahdin Public Library 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Katahdin Public Library allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $343, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation was 0% of expenses in 2013, indicating that the organization's leadership was either volunteer-based or compensated through other means not reported as officer compensation, which is common for very small nonprofits.
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 Katahdin Public Library's IRS 990 filings:
- Lack of recent financial data (latest revenue and assets reported as $0)
- Operated at a slight deficit in 2013 (expenses $11,887 vs. revenue $11,544)
Strengths
The following positive indicators were identified for Katahdin Public Library:
- No reported officer compensation in 2013 (0% of expenses)
- No liabilities reported in 2013
- Significant assets relative to operational size in 2013 ($261,360)
Frequently Asked Questions about Katahdin Public Library
Is Katahdin Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Katahdin Public Library (EIN: 10439355) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Katahdin Public Library spend its money?
Katahdin Public Library directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Katahdin Public Library tax-deductible?
Katahdin Public Library is registered as a tax-exempt nonprofit (EIN: 10439355). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Katahdin Public Library's spending goes to programs?
Katahdin Public Library directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Katahdin Public Library compare to similar nonprofits?
With a transparency score of 70/100 (Good), Katahdin Public Library is above average for NTEE category B70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Katahdin Public Library located?
Katahdin Public Library is headquartered in Island Falls, Maine and files with the IRS under EIN 10439355. It is classified under NTEE code B70.
Is Katahdin Public Library a good charity?
Based on the 2013 data, the library appears to be a well-managed small organization with no liabilities and no reported officer compensation. However, the lack of recent financial data (latest revenue and assets reported as $0) makes it difficult to assess its current operational status and effectiveness.
What is the primary source of Katahdin Public Library's funding?
The 2013 filing shows $11,544 in revenue. Without a detailed breakdown of revenue sources, it's difficult to pinpoint the primary source, but for a public library of this size, it likely includes a mix of local government support, donations, and potentially grants.
How does Katahdin Public Library manage its assets?
In 2013, the library reported $261,360 in assets with $0 liabilities, indicating a strong financial position relative to its operational size. This suggests careful management of its resources, potentially including property or an endowment.
Filing History
IRS 990 filing history for Katahdin Public Library showing financial trends over 1 year of public records:
In its most recent filing year (2013), Katahdin Public Library reported a deficit of $343, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $12K | $12K | $261K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Katahdin Public Library:
Data Sources and Methodology
This transparency report for Katahdin Public 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.