Lubec Memorial Library
Lubec Memorial Library shows strong asset growth and fiscal stability with no officer compensation.
EIN: 10284221 · Lubec, ME · NTEE: B70Z · Updated: 2026-03-28
Source and Resolution Links
Finish the Investigation Outside Our Dataset
When the answer lives with the IRS, ProPublica, Candid, Charity Navigator, or the nonprofit itself, NonprofitSpending links out instead of trapping the user on a partial answer.
IRS tax-exempt lookup
Verify exemption status and deductibility directly with the IRS.
ProPublica 990 source
Open the raw filing record and filing PDFs outside NonprofitSpending.
Candid profile search
Look for GuideStar/Candid profile details, programs, leadership, and seals.
Charity Navigator search
Check whether another evaluator has ratings or impact context.
Workflow Engine
Queries We Should Resolve, Not Just Answer
Search Console demand points to task completion. Each workflow can run calculations, source checks, external lookups, comparisons, and report/export capture around this nonprofit.
Verify tax status Runnable
Triggered by: 501(c)(3), tax deductible, EIN
IRS status check plus source links
Find source filings Runnable
Triggered by: 990 PDF, annual report, filing record
13 stored filing years plus ProPublica source
Crunch money signals Runnable
Triggered by: program expense ratio, CEO salary, revenue, grants
85% program spend, health grade A
Compare alternatives Runnable
Triggered by: best charities, similar nonprofits, compare
4 peer options surfaced
Resolve leadership and board Runnable
Triggered by: executive team, trustees, officer pay
Use 990 compensation disclosures and external profile links.
Donation decision copilot Runnable
Triggered by: should I donate, give or compare, charity safety
Eligibility, money signals, sources, peer context, and next action.
Grantmaker due diligence Runnable
Triggered by: foundation review, grant risk, grantee capacity
Foundation-style packet across filings, finances, governance, and gaps.
Impact evidence finder Runnable
Triggered by: outcomes, annual report, cost effectiveness
Separate actual impact evidence from raw 990 financial cleanliness.
Room for more funding Runnable
Triggered by: would my donation help, funding gap, marginal impact
Revenue trend, runway, surplus/deficit, and source follow-ups.
Operator transparency diagnostic Runnable
Triggered by: how does my nonprofit look to donors
Profile, filing, impact, and transparency improvements to earn trust.
| Metric | Value |
|---|---|
| Total Revenue | $206K |
| Total Expenses | $97K |
| Program Spending | 85% |
| Net Assets | $2.5M |
| Transparency Score | 92/100 |
Search Intent Cockpit
Lubec Memorial Library Form 990, Revenue, CEO Pay, and IRS Filing Signals
Lubec Memorial Library is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lubec Memorial Library in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $426K and expenses of $97K.
Revenue and Expenses
Lubec Memorial Library reported $426K in revenue and $97K in expenses, a surplus of $329K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
92/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Lubec Memorial Library Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $82K (85%) |
Across stored filings, Lubec Memorial Library shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Maine Composite Materials Applied Technology Development Center →All Maine nonprofits
All Education
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Lubec, ME nonprofitsEducation in Maine
Education in Maine
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Education spending
Best Education charities in Maine
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Verify
Appears Legitimate. Check deductibility, filings, and red flags.
2Understand money
85% of spending goes to programs.
3Compare
Benchmark against Maine Composite Materials Applied Technology Development Center.
4Decide
Build a shortlist, compare alternatives, and review the latest filing before giving.
Alternative Shopping
Similar Nonprofits Donors Should Compare
Crabtree Neck Land Trust
Hancock, ME · $836K revenue · Score 95/100
Compare side-by-sideAmerican Legion Post 0019 Thomas W Cole Post
Sanford, ME · $1.1M revenue · Score 85/100
Compare side-by-sideAgamenticus Yacht Club Of York
York Harbor, ME · $325K revenue · Score 85/100
Compare side-by-sideAmerican Legion
Winslow, ME · $226K revenue · Score 85/100
Compare side-by-sideNext Best Actions
Keep the Investigation Moving
Research Workflow
Turn this Form 990 profile into a donor-ready report
Request a concise report for Lubec Memorial Library with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
Early access request only. Reports and exports are informational and based on public IRS records, not financial or legal advice.
Lubec Memorial Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lubec Memorial Library
Lubec Memorial Library (EIN: 10284221) is a nonprofit organization based in Lubec, ME, classified under NTEE code B70Z. The organization reported total revenue of $206K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lubec Memorial Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lubec Memorial Library is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $426K |
| Total Expenses | $97K |
| Surplus / Deficit | +$329K |
| Total Assets | $2.5M |
| Net Assets | $2.5M |
| Operating Margin | 77.3% |
| Months of Reserves | 307.6 months |
Financial Health Grade: A
In 2023, Lubec Memorial Library reported a surplus of $329K with revenue exceeding expenses, holds 307.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Lubec Memorial Library's revenue has grown at a compound annual growth rate (CAGR) of 18.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +61.6% | +10.3% | +18.5% |
| 2022 | +354.5% | +64.4% | +41.4% |
| 2021 | -7.5% | +13.5% | +12.2% |
| 2020 | -44.8% | -22.4% | +35.0% |
| 2019 | +90.6% | -22.2% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1997 |
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 Lubec Memorial 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lubec Memorial 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $329K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual and suggests a volunteer-led executive structure.
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 Lubec Memorial Library:
- Consistent asset growth, reaching $2,478,778 in 2023.
- No officer compensation reported across all 13 filings, indicating high efficiency.
- Strong revenue in recent years, particularly $426,102 in 2023, significantly exceeding expenses.
- Minimal to no liabilities reported in most periods, indicating strong financial stability.
- Consistent IRS 990 filing history over 13 periods, demonstrating transparency.
Frequently Asked Questions about Lubec Memorial Library
Is Lubec Memorial Library a legitimate charity?
Lubec Memorial Library (EIN: 10284221) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $206K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Lubec Memorial Library spend its money?
Lubec Memorial Library directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lubec Memorial Library tax-deductible?
Lubec Memorial Library is registered as a tax-exempt nonprofit (EIN: 10284221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lubec Memorial Library's spending goes to programs?
Lubec Memorial Library directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lubec Memorial Library compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lubec Memorial Library is above average for NTEE category B70Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lubec Memorial Library located?
Lubec Memorial Library is headquartered in Lubec, Maine and files with the IRS under EIN 10284221. It is classified under NTEE code B70Z.
How many years of IRS 990 filings does Lubec Memorial Library have?
Lubec Memorial Library has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $206K in total revenue.
Is Lubec Memorial Library a good charity?
Based on the provided financial data, Lubec Memorial Library appears to be a very good charity. It demonstrates strong financial health with growing assets, low expenses relative to revenue, and a consistent record of no officer compensation, suggesting efficient use of funds and a volunteer-driven leadership.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, particularly in recent years. Assets have grown from $1,186,075 in 2014 to $2,478,778 in 2023. Revenue has also seen substantial increases, with a peak of $426,102 in 2023, far exceeding earlier years' revenues which often hovered around $50,000-$70,000.
What is the organization's approach to executive compensation?
Lubec Memorial Library consistently reports 0% officer compensation across all 13 filings, indicating a commitment to not paying its executive officers. This suggests a volunteer-based leadership model, which is highly efficient in terms of resource allocation.
Filing History
IRS 990 filing history for Lubec Memorial Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lubec Memorial Library's revenue has grown by 649.5%, moving from $57K to $426K. Total assets increased by 151.1% over the same period, from $987K to $2.5M. Total functional expenses rose by 43.8%, from $67K to $97K. In its most recent filing year (2023), Lubec Memorial Library reported a surplus of $329K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $426K | $97K | $2.5M | $0 | — | — |
| 2022 | $264K | $88K | $2.1M | $481 | — | View 990 |
| 2021 | $58K | $53K | $1.5M | $0 | — | View 990 |
| 2020 | $63K | $47K | $1.3M | $0 | — | View 990 |
| 2019 | $114K | $61K | $977K | $0 | — | View 990 |
| 2018 | $60K | $78K | $976K | $0 | — | View 990 |
| 2017 | $53K | $47K | $1.2M | $0 | — | View 990 |
| 2016 | $52K | $52K | $1.2M | $0 | — | — |
| 2015 | $47K | $47K | $1.2M | $0 | — | — |
| 2014 | $75K | $68K | $1.2M | $0 | — | — |
| 2013 | $131K | $47K | $1.1M | $0 | — | — |
| 2012 | $74K | $42K | $0 | $0 | — | View 990 |
| 2011 | $57K | $67K | $987K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $426K, expenses of $97K, and assets of $2.5M (revenue +61.6% year-over-year).
- 2022: Revenue of $264K, expenses of $88K, and assets of $2.1M (revenue +354.5% year-over-year).
- 2021: Revenue of $58K, expenses of $53K, and assets of $1.5M (revenue -7.5% year-over-year).
- 2020: Revenue of $63K, expenses of $47K, and assets of $1.3M (revenue -44.8% year-over-year).
- 2019: Revenue of $114K, expenses of $61K, and assets of $977K (revenue +90.6% year-over-year).
- 2018: Revenue of $60K, expenses of $78K, and assets of $976K (revenue +13.1% year-over-year).
- 2017: Revenue of $53K, expenses of $47K, and assets of $1.2M (revenue +0.5% year-over-year).
- 2016: Revenue of $52K, expenses of $52K, and assets of $1.2M (revenue +11.2% year-over-year).
- 2015: Revenue of $47K, expenses of $47K, and assets of $1.2M (revenue -37.4% year-over-year).
- 2014: Revenue of $75K, expenses of $68K, and assets of $1.2M (revenue -42.4% year-over-year).
- 2013: Revenue of $131K, expenses of $47K, and assets of $1.1M (revenue +76.2% year-over-year).
- 2012: Revenue of $74K, expenses of $42K, and assets of $0 (revenue +30.6% year-over-year).
- 2011: Revenue of $57K, expenses of $67K, and assets of $987K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lubec Memorial Library:
Data Sources and Methodology
This transparency report for Lubec Memorial 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.