Mcarthur Library Association
Mcarthur Library Association shows consistent asset growth and strong financial health with no reported officer compensation.
EIN: 10211533 · Biddeford, ME · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $1.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $7.1M |
| Transparency Score | 92/100 |
Is Mcarthur Library Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mcarthur Library Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mcarthur Library Association
Mcarthur Library Association (EIN: 10211533) is a nonprofit organization based in Biddeford, ME, classified under NTEE code B71Z. The organization reported total revenue of $4.3M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcarthur Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcarthur Library Association is a mid-size nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$515K |
| Total Assets | $7.1M |
| Net Assets | $7.1M |
| Operating Margin | 23.5% |
| Months of Reserves | 51.1 months |
Financial Health Grade: A
In 2024, Mcarthur Library Association reported a surplus of $515K with revenue exceeding expenses, holds 51.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Mcarthur Library Association's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +11.7% | +21.8% | +7.8% |
| 2023 | +287.5% | +5.3% | +9.7% |
| 2022 | -67.2% | +8.3% | -11.7% |
| 2021 | -7.0% | +1.4% | +19.6% |
| 2020 | +50.2% | +2.4% | +7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1942 |
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 Mcarthur Library Association 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Mcarthur Library Association allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $515K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with over $2 million in annual revenue and $7 million in assets. This suggests either a fully volunteer-led executive team or that compensation is categorized differently within the expense structure, warranting further inquiry for complete transparency.
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 Mcarthur Library Association's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which might indicate compensation is categorized elsewhere or a fully volunteer executive team, requiring deeper investigation for full understanding of leadership costs.
Strengths
The following positive indicators were identified for Mcarthur Library Association:
- Consistent asset growth, increasing from $4.6M in 2015 to $7.1M in 2024.
- Strong financial stability with revenues generally exceeding expenses, leading to surpluses (e.g., $2.19M revenue vs. $1.67M expenses in 2024).
- Zero reported liabilities in most recent periods (2024, 2023, 2022), indicating excellent debt management.
- 0% reported officer compensation across all filings, suggesting high efficiency in directing funds to programs.
- Consistent IRS 990 filing history over 13 periods, demonstrating strong transparency.
Frequently Asked Questions about Mcarthur Library Association
Is Mcarthur Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Mcarthur Library Association (EIN: 10211533) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Mcarthur Library Association spend its money?
Mcarthur Library Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mcarthur Library Association tax-deductible?
Mcarthur Library Association is registered as a tax-exempt nonprofit (EIN: 10211533). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mcarthur Library Association CEO make?
Mcarthur Library Association's highest-compensated officer earns $2 annually. The organization reported $4.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mcarthur Library Association's spending goes to programs?
Mcarthur Library Association directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mcarthur Library Association compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Mcarthur Library Association 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 Mcarthur Library Association located?
Mcarthur Library Association is headquartered in Biddeford, Maine and files with the IRS under EIN 10211533. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Mcarthur Library Association have?
Mcarthur Library Association 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 $4.3M in total revenue.
Is Mcarthur Library Association a good charity?
Based on the available IRS 990 data, Mcarthur Library Association appears to be a very good charity. It demonstrates strong financial health with growing assets, consistent revenue surpluses, and a remarkable 0% reported officer compensation, indicating a high dedication of resources to its mission.
How does Mcarthur Library Association manage its liabilities?
The organization has consistently reported $0 in liabilities in most recent periods (2024, 2023, 2022), indicating excellent financial management and a strong balance sheet. This suggests they operate without significant debt.
What is the trend in Mcarthur Library Association's assets?
Mcarthur Library Association has shown a consistent upward trend in assets, growing from $4,678,689 in 2015 to $7,148,586 in 2024, reflecting strong financial growth and accumulation of resources.
Filing History
IRS 990 filing history for Mcarthur Library Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Mcarthur Library Association's revenue has grown by 157.3%, moving from $852K to $2.2M. Total assets increased by 75.3% over the same period, from $4.1M to $7.1M. Total functional expenses rose by 82.3%, from $920K to $1.7M. In its most recent filing year (2024), Mcarthur Library Association reported a surplus of $515K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.2M | $1.7M | $7.1M | $0 | — | — |
| 2023 | $2.0M | $1.4M | $6.6M | $0 | — | — |
| 2022 | $506K | $1.3M | $6.0M | $0 | — | View 990 |
| 2021 | $1.5M | $1.2M | $6.9M | $2K | — | — |
| 2020 | $1.7M | $1.2M | $5.7M | $134K | — | View 990 |
| 2019 | $1.1M | $1.2M | $5.3M | $0 | — | View 990 |
| 2018 | $1.4M | $1.1M | $5.2M | $0 | — | View 990 |
| 2017 | $1.1M | $1.1M | $4.8M | $0 | — | View 990 |
| 2016 | $1.0M | $1.1M | $4.5M | $10K | — | View 990 |
| 2015 | $1.1M | $982K | $4.7M | $0 | — | View 990 |
| 2014 | $1.4M | $956K | $4.7M | $0 | — | View 990 |
| 2013 | $781K | $920K | $4.3M | $0 | — | View 990 |
| 2012 | $852K | $920K | $4.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.2M, expenses of $1.7M, and assets of $7.1M (revenue +11.7% year-over-year).
- 2023: Revenue of $2.0M, expenses of $1.4M, and assets of $6.6M (revenue +287.5% year-over-year).
- 2022: Revenue of $506K, expenses of $1.3M, and assets of $6.0M (revenue -67.2% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.2M, and assets of $6.9M (revenue -7.0% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.2M, and assets of $5.7M (revenue +50.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $5.3M (revenue -22.1% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.1M, and assets of $5.2M (revenue +29.0% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $4.8M (revenue +4.8% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.1M, and assets of $4.5M (revenue -5.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $982K, and assets of $4.7M (revenue -23.6% year-over-year).
- 2014: Revenue of $1.4M, expenses of $956K, and assets of $4.7M (revenue +85.4% year-over-year).
- 2013: Revenue of $781K, expenses of $920K, and assets of $4.3M (revenue -8.4% year-over-year).
- 2012: Revenue of $852K, expenses of $920K, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcarthur Library Association:
Data Sources and Methodology
This transparency report for Mcarthur 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.