Northeast Harbor Library
Northeast Harbor Library shows consistent asset growth and no executive compensation.
EIN: 10220091 · Ne Harbor, ME · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $808K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $11.2M |
| Transparency Score | 95/100 |
Is Northeast Harbor Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northeast Harbor Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northeast Harbor Library
Northeast Harbor Library (EIN: 10220091) is a nonprofit organization based in Ne Harbor, ME, classified under NTEE code B71Z. The organization reported total revenue of $3.5M and total assets of $11.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeast Harbor Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northeast Harbor Library is a mid-size nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $922K |
| Total Expenses | $808K |
| Surplus / Deficit | +$114K |
| Total Assets | $11.3M |
| Total Liabilities | $30K |
| Net Assets | $11.2M |
| Operating Margin | 12.3% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 167.3 months |
Financial Health Grade: A
In 2023, Northeast Harbor Library reported a surplus of $114K with revenue exceeding expenses, holds 167.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northeast Harbor Library's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.7% | +10.0% | +3.3% |
| 2022 | +0.3% | +13.1% | -6.8% |
| 2021 | +9.1% | +0.6% | +10.3% |
| 2020 | +16.2% | -3.8% | +2.5% |
| 2019 | +6.4% | +4.4% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1952 |
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 Northeast Harbor Library with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Northeast Harbor 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $114K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with over $11 million in assets and nearly $1 million in annual revenue, suggesting a volunteer-led executive team or that compensation is covered by other means not reported as officer compensation.
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 Northeast Harbor Library's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data (though inferred high due to 0% officer comp)
Strengths
The following positive indicators were identified for Northeast Harbor Library:
- Consistent asset growth, from $9.69M in 2014 to $11.27M in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency.
- Consistent revenue exceeding expenses in most years, demonstrating financial stability.
- Very low liabilities relative to assets, indicating strong financial management.
- Long history of IRS 990 filings (13 filings), suggesting transparency and compliance.
Frequently Asked Questions about Northeast Harbor Library
Is Northeast Harbor Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Northeast Harbor Library (EIN: 10220091) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Northeast Harbor Library spend its money?
Northeast Harbor Library directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northeast Harbor Library tax-deductible?
Northeast Harbor Library is registered as a tax-exempt nonprofit (EIN: 10220091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Northeast Harbor Library CEO make?
Northeast Harbor Library's highest-compensated officer earns $11 annually. The organization reported $3.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Northeast Harbor Library compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Northeast Harbor 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 Northeast Harbor Library located?
Northeast Harbor Library is headquartered in Ne Harbor, Maine and files with the IRS under EIN 10220091. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Northeast Harbor Library have?
Northeast Harbor 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 $3.5M in total revenue.
Is Northeast Harbor Library a good charity?
Based on the provided financial data, the Northeast Harbor Library appears to be a very good charity. It demonstrates strong financial health with growing assets, consistent revenue surpluses, and remarkably, no reported officer compensation, suggesting a high dedication of resources to its mission.
How has the library's financial health changed over the past decade?
The library's financial health has steadily improved over the past decade. Assets have grown from $9.69 million in 2014 to $11.27 million in 2023, and it has consistently maintained a positive net income (revenue exceeding expenses) in most years, indicating sustainable operations and growth.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, which is a highly transparent and efficient approach. This suggests that executive leadership may be entirely volunteer-based or compensated through other entities, ensuring that funds are not diverted to high salaries.
Are there any significant financial risks for the library?
Based on the provided data, there are no significant financial risks apparent. The library has low liabilities, consistent revenue, and growing assets, indicating a very stable financial position. The primary risk might be over-reliance on volunteer executive leadership if not sustainable long-term.
Filing History
IRS 990 filing history for Northeast Harbor Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northeast Harbor Library's revenue has grown by 67.2%, moving from $551K to $922K. Total assets increased by 22.3% over the same period, from $9.2M to $11.3M. Total functional expenses rose by 11.8%, from $723K to $808K. In its most recent filing year (2023), Northeast Harbor Library reported a surplus of $114K, with revenue exceeding expenses. The organization holds $30K in liabilities against $11.3M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $11.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $922K | $808K | $11.3M | $30K | — | — |
| 2022 | $1.0M | $735K | $10.9M | $2K | — | View 990 |
| 2021 | $1.0M | $650K | $11.7M | $13K | — | View 990 |
| 2020 | $933K | $646K | $10.6M | $6K | — | — |
| 2019 | $803K | $671K | $10.4M | $7K | — | View 990 |
| 2018 | $754K | $643K | $9.4M | $10K | — | View 990 |
| 2017 | $624K | $650K | $10.0M | $3K | — | View 990 |
| 2016 | $528K | $674K | $9.3M | $9K | — | View 990 |
| 2015 | $670K | $689K | $9.1M | $10K | — | View 990 |
| 2014 | $694K | $686K | $9.7M | $7K | — | View 990 |
| 2013 | $975K | $623K | $9.9M | $7K | — | View 990 |
| 2012 | $567K | $657K | $9.2M | $7K | — | View 990 |
| 2011 | $551K | $723K | $9.2M | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $922K, expenses of $808K, and assets of $11.3M (revenue -9.7% year-over-year).
- 2022: Revenue of $1.0M, expenses of $735K, and assets of $10.9M (revenue +0.3% year-over-year).
- 2021: Revenue of $1.0M, expenses of $650K, and assets of $11.7M (revenue +9.1% year-over-year).
- 2020: Revenue of $933K, expenses of $646K, and assets of $10.6M (revenue +16.2% year-over-year).
- 2019: Revenue of $803K, expenses of $671K, and assets of $10.4M (revenue +6.4% year-over-year).
- 2018: Revenue of $754K, expenses of $643K, and assets of $9.4M (revenue +20.8% year-over-year).
- 2017: Revenue of $624K, expenses of $650K, and assets of $10.0M (revenue +18.3% year-over-year).
- 2016: Revenue of $528K, expenses of $674K, and assets of $9.3M (revenue -21.3% year-over-year).
- 2015: Revenue of $670K, expenses of $689K, and assets of $9.1M (revenue -3.4% year-over-year).
- 2014: Revenue of $694K, expenses of $686K, and assets of $9.7M (revenue -28.8% year-over-year).
- 2013: Revenue of $975K, expenses of $623K, and assets of $9.9M (revenue +72.0% year-over-year).
- 2012: Revenue of $567K, expenses of $657K, and assets of $9.2M (revenue +2.8% year-over-year).
- 2011: Revenue of $551K, expenses of $723K, and assets of $9.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northeast Harbor Library:
Data Sources and Methodology
This transparency report for Northeast Harbor 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.