Madawaska Public Library
Madawaska Public Library consistently operates at a deficit, drawing down assets despite increasing revenue.
EIN: 10276098 · Madawaska, ME · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $63K |
| Total Expenses | $60K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $63,300. |
| Net Assets | $567K |
| Transparency Score | 75/100 |
Is Madawaska Public Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Madawaska Public Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Madawaska Public Library
Madawaska Public Library (EIN: 10276098) is a nonprofit organization based in Madawaska, ME, classified under NTEE code B71Z. The organization reported total revenue of $63K and total assets of $582K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madawaska Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madawaska Public Library is a micro nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $58K |
| Total Expenses | $60K |
| Surplus / Deficit | $-2,082 |
| Total Assets | $567K |
| Net Assets | $567K |
| Operating Margin | -3.6% |
| Months of Reserves | 113.0 months |
Financial Health Grade: B
In 2024, Madawaska Public Library reported a deficit of $2K with expenses exceeding revenue, holds 113.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Madawaska Public Library's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.4% | -2.2% | -0.4% |
| 2023 | +16.2% | +4.1% | -1.5% |
| 2022 | +16.7% | +15.8% | -2.3% |
| 2021 | -28.2% | -8.4% | -2.0% |
| 2020 | +12.8% | -17.4% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Madawaska Public 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Madawaska Public Library allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation, which is highly favorable for a small organization of this size with latest revenue of $63,300.
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 Madawaska Public Library's IRS 990 filings:
- Consistent deficit spending (expenses frequently exceed revenue, e.g., $60,203 expenses vs. $58,121 revenue in 2024).
- Declining asset base over the past decade (from $642,677 in 2015 to $566,771 in 2024).
Strengths
The following positive indicators were identified for Madawaska Public Library:
- High financial transparency with 13 available IRS 990 filings.
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- No liabilities reported in recent years, demonstrating strong financial management of debt.
- Consistent program focus as a public library (NTEE Code B71Z).
Frequently Asked Questions about Madawaska Public Library
Is Madawaska Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Madawaska Public Library (EIN: 10276098) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Madawaska Public Library spend its money?
Madawaska Public Library directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Madawaska Public Library tax-deductible?
Madawaska Public Library is registered as a tax-exempt nonprofit (EIN: 10276098). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Madawaska Public Library CEO make?
Madawaska Public Library's highest-compensated officer earns $63,300. annually. The organization reported $63K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Madawaska Public Library compare to similar nonprofits?
With a transparency score of 75/100 (Good), Madawaska Public Library is above average for NTEE category B71Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Madawaska Public Library located?
Madawaska Public Library is headquartered in Madawaska, Maine and files with the IRS under EIN 10276098. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Madawaska Public Library have?
Madawaska Public 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 $63K in total revenue.
Is Madawaska Public Library a good charity?
Madawaska Public Library appears to be a good charity in terms of transparency and efficient use of funds, with 0% officer compensation and no reported liabilities. However, its consistent deficit spending, where expenses frequently exceed revenue (e.g., $60,203 expenses vs. $58,121 revenue in 2024), raises concerns about long-term financial sustainability.
How does the library fund its operations?
The library primarily funds its operations through its revenue streams, which have fluctuated but shown recent growth (e.g., $58,121 in 2024). However, it has consistently drawn down its assets to cover expenses, indicating that current revenue is insufficient to fully cover operational costs.
What is the trend in the library's assets?
The library's assets have shown a declining trend over the past decade, from $642,677 in 2015 to $566,771 in 2024. This decline is consistent with the organization's pattern of expenses exceeding revenue.
Filing History
IRS 990 filing history for Madawaska Public Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Madawaska Public Library's revenue has grown by 7%, moving from $54K to $58K. Total assets increased by 85.2% over the same period, from $306K to $567K. Total functional expenses fell by 1.4%, from $61K to $60K. In its most recent filing year (2024), Madawaska Public Library reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $58K | $60K | $567K | $0 | — | — |
| 2023 | $53K | $62K | $569K | $0 | — | — |
| 2022 | $45K | $59K | $578K | $0 | — | View 990 |
| 2021 | $39K | $51K | $592K | $0 | — | View 990 |
| 2020 | $54K | $56K | $604K | $0 | — | View 990 |
| 2019 | $48K | $67K | $605K | $0 | — | View 990 |
| 2018 | $43K | $57K | $625K | $0 | — | View 990 |
| 2017 | $39K | $46K | $639K | $0 | — | View 990 |
| 2016 | $38K | $47K | $642K | $500 | — | View 990 |
| 2015 | $43K | $49K | $643K | $500 | — | View 990 |
| 2014 | $44K | $49K | $644K | $640 | — | View 990 |
| 2013 | $45K | $51K | $648K | $738 | — | View 990 |
| 2012 | $54K | $61K | $306K | $699 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $58K, expenses of $60K, and assets of $567K (revenue +10.4% year-over-year).
- 2023: Revenue of $53K, expenses of $62K, and assets of $569K (revenue +16.2% year-over-year).
- 2022: Revenue of $45K, expenses of $59K, and assets of $578K (revenue +16.7% year-over-year).
- 2021: Revenue of $39K, expenses of $51K, and assets of $592K (revenue -28.2% year-over-year).
- 2020: Revenue of $54K, expenses of $56K, and assets of $604K (revenue +12.8% year-over-year).
- 2019: Revenue of $48K, expenses of $67K, and assets of $605K (revenue +10.8% year-over-year).
- 2018: Revenue of $43K, expenses of $57K, and assets of $625K (revenue +10.2% year-over-year).
- 2017: Revenue of $39K, expenses of $46K, and assets of $639K (revenue +3.0% year-over-year).
- 2016: Revenue of $38K, expenses of $47K, and assets of $642K (revenue -10.7% year-over-year).
- 2015: Revenue of $43K, expenses of $49K, and assets of $643K (revenue -3.5% year-over-year).
- 2014: Revenue of $44K, expenses of $49K, and assets of $644K (revenue -2.2% year-over-year).
- 2013: Revenue of $45K, expenses of $51K, and assets of $648K (revenue -16.8% year-over-year).
- 2012: Revenue of $54K, expenses of $61K, and assets of $306K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Madawaska Public Library:
Data Sources and Methodology
This transparency report for Madawaska 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.