Newport Public Library Association
Newport Public Library Association faces consistent operating deficits despite substantial assets.
EIN: 10349146 · Newport, ME · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22K |
| Total Expenses | $48K |
| Program Spending | 70% |
| Net Assets | $730K |
| Transparency Score | 65/100 |
Is Newport Public Library Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newport Public Library Association directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Newport Public Library Association
Newport Public Library Association (EIN: 10349146) is a nonprofit organization based in Newport, ME, classified under NTEE code B71Z. The organization reported total revenue of $22K and total assets of $909K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newport Public Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newport Public Library Association is a micro nonprofit that has been operating for 49 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $48K |
| Surplus / Deficit | $-16,406 |
| Total Assets | $1.0M |
| Total Liabilities | $286K |
| Net Assets | $730K |
| Operating Margin | -52.0% |
| Debt-to-Asset Ratio | 28.2% |
| Months of Reserves | 254.3 months |
Financial Health Grade: B
In 2023, Newport Public Library Association reported a deficit of $16K with expenses exceeding revenue, holds 254.3 months of operating reserves (strong position), has a debt-to-asset ratio of 28.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Newport Public Library Association's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.2% | -20.0% | -2.2% |
| 2022 | +0.0% | +13.5% | -3.1% |
| 2021 | -1.3% | -20.7% | -1.4% |
| 2020 | +0.3% | -6.8% | +4.1% |
| 2018 | +38.7% | +12.2% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1977 |
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 Newport Public Library Association with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Newport Public Library Association allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% in all available filings, indicating that no officers or key employees receive compensation from the organization, which is a positive sign of resource allocation towards the mission.
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 Newport Public Library Association's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in most years, e.g., $47,951 expenses vs. $31,545 revenue in 2023).
- Declining revenue trend over the past decade (from $61,531 in 2013 to $31,545 in 2023).
- Gradual decline in total assets (from $1,227,572 in 2013 to $1,016,023 in 2023).
Strengths
The following positive indicators were identified for Newport Public Library Association:
- Strong asset base, consistently over $1 million in recent years, providing a buffer against deficits.
- Zero officer compensation reported, indicating efficient use of funds and volunteer leadership.
- Consistent and transparent IRS 990 filing history over many years.
Frequently Asked Questions about Newport Public Library Association
Is Newport Public Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Newport Public Library Association (EIN: 10349146) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Newport Public Library Association spend its money?
Newport Public Library Association directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Newport Public Library Association tax-deductible?
Newport Public Library Association is registered as a tax-exempt nonprofit (EIN: 10349146). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Newport Public Library Association's spending goes to programs?
Newport Public Library Association directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Newport Public Library Association compare to similar nonprofits?
With a transparency score of 65/100 (Good), Newport Public 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 Newport Public Library Association located?
Newport Public Library Association is headquartered in Newport, Maine and files with the IRS under EIN 10349146. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Newport Public Library Association have?
Newport Public Library Association has 12 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 $22K in total revenue.
Is Newport Public Library Association financially sustainable?
The organization has faced consistent operating deficits, with expenses exceeding revenue in most reported years (e.g., $31,545 revenue vs. $47,951 expenses in 2023). While it holds over $1 million in assets, this trend is not sustainable long-term without increased revenue or reduced expenses.
How has the organization's financial health changed over the past decade?
Over the past decade, the organization has seen a decline in both revenue and assets, while expenses have often remained high relative to income. Revenue decreased from $61,531 in 2013 to $31,545 in 2023, and assets decreased from $1,227,572 to $1,016,023 in the same period.
Does the Newport Public Library Association pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that no executives or officers are paid by the organization.
Filing History
IRS 990 filing history for Newport Public Library Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Newport Public Library Association's revenue has declined by 39.9%, moving from $52K to $32K. Total assets decreased by 21.5% over the same period, from $1.3M to $1.0M. Total functional expenses fell by 44%, from $86K to $48K. In its most recent filing year (2023), Newport Public Library Association reported a deficit of $16K, with expenses exceeding revenue. The organization holds $286K in liabilities against $1.0M in assets (debt-to-asset ratio: 28.2%), resulting in net assets of $730K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32K | $48K | $1.0M | $286K | — | View 990 |
| 2022 | $50K | $60K | $1.0M | $293K | — | — |
| 2021 | $50K | $53K | $1.1M | $299K | — | View 990 |
| 2020 | $51K | $67K | $1.1M | $305K | — | View 990 |
| 2018 | $51K | $71K | $1.0M | $316K | — | View 990 |
| 2017 | $37K | $64K | $1.1M | $323K | — | View 990 |
| 2016 | $50K | $72K | $1.1M | $327K | — | View 990 |
| 2015 | $34K | $71K | $1.1M | $335K | — | View 990 |
| 2014 | $25K | $73K | $1.2M | $341K | — | View 990 |
| 2013 | $62K | $91K | $1.2M | $346K | — | View 990 |
| 2012 | $51K | $83K | $1.3M | $347K | — | View 990 |
| 2011 | $52K | $86K | $1.3M | $351K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32K, expenses of $48K, and assets of $1.0M (revenue -37.2% year-over-year).
- 2022: Revenue of $50K, expenses of $60K, and assets of $1.0M (revenue +0.0% year-over-year).
- 2021: Revenue of $50K, expenses of $53K, and assets of $1.1M (revenue -1.3% year-over-year).
- 2020: Revenue of $51K, expenses of $67K, and assets of $1.1M (revenue +0.3% year-over-year).
- 2018: Revenue of $51K, expenses of $71K, and assets of $1.0M (revenue +38.7% year-over-year).
- 2017: Revenue of $37K, expenses of $64K, and assets of $1.1M (revenue -26.8% year-over-year).
- 2016: Revenue of $50K, expenses of $72K, and assets of $1.1M (revenue +45.0% year-over-year).
- 2015: Revenue of $34K, expenses of $71K, and assets of $1.1M (revenue +38.3% year-over-year).
- 2014: Revenue of $25K, expenses of $73K, and assets of $1.2M (revenue -59.5% year-over-year).
- 2013: Revenue of $62K, expenses of $91K, and assets of $1.2M (revenue +20.3% year-over-year).
- 2012: Revenue of $51K, expenses of $83K, and assets of $1.3M (revenue -2.5% year-over-year).
- 2011: Revenue of $52K, expenses of $86K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newport Public Library Association:
Data Sources and Methodology
This transparency report for Newport Public 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.