Old Orchard Beach Free Public Library Association

Old Orchard Beach Free Public Library Association maintains stable finances with no reported officer compensation.

EIN: 10219828 · Old Orchd Bch, ME · NTEE: B70 · Updated: 2026-03-28

$432KRevenue

$309KAssets

90/100Mission Score (Excellent)

B70

About Old Orchard Beach Free Public Library Association

Old Orchard Beach Free Public Library Association (EIN: 10219828) is a nonprofit organization based in Old Orchd Bch, ME, classified under NTEE code B70. The organization reported total revenue of $432K and total assets of $309K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Orchard Beach Free Public Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Old Orchard Beach Free Public Library Association demonstrates consistent financial operations, with revenues generally keeping pace with or slightly exceeding expenses in recent years. For example, in 2023, revenue was $413,716 against expenses of $396,659, indicating a small surplus. The organization's assets have remained relatively stable, hovering around $300,000-$330,000 over the past decade, suggesting prudent management of its financial base. Liabilities are consistently low, indicating a healthy balance sheet and minimal debt burden.

Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, contributing to lower administrative overhead. While a detailed breakdown of program vs. administrative vs. fundraising expenses isn't provided in the summary data, the absence of officer compensation is a positive indicator for efficiency. The organization's consistent filing history over 11 periods also points to good transparency practices.

Overall, the library appears to be a financially stable and well-managed entity, effectively utilizing its resources to support its mission. The consistent financial reporting and stable asset base, coupled with minimal liabilities and no reported officer compensation, paint a picture of a responsible and transparent nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Old Orchard Beach Free Public Library Association with a Mission Score of 90 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, Old Orchard Beach Free Public Library Association 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are either uncompensated volunteers or compensated through other means not classified as officer compensation, which is highly favorable for resource allocation.

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 Old Orchard Beach Free Public Library Association:

Consistent financial stability with revenues generally exceeding expenses.
Very low liabilities relative to assets, indicating strong financial health.
No reported officer compensation across all filings, suggesting high efficiency in leadership costs.
Positive trend in revenue growth over the past decade.
Consistent filing of IRS Form 990s, demonstrating transparency.

Frequently Asked Questions about Old Orchard Beach Free Public Library Association

Is Old Orchard Beach Free Public Library Association a good charity?

Based on the available financial data, the Old Orchard Beach Free Public Library Association appears to be a well-managed and financially stable organization. It consistently operates with low liabilities, stable assets, and notably reports 0% officer compensation, suggesting efficient use of funds. These factors indicate it is likely a good charity.

How has the organization's revenue trended over time?

The organization's revenue has shown a positive upward trend over the past decade, increasing from $291,161 in 2014 to $413,716 in 2023, demonstrating growth in its financial support.

What is the organization's asset-to-liability ratio?

In 2023, the organization had assets of $311,961 and liabilities of $17,834, resulting in a very strong asset-to-liability ratio of approximately 17.5:1, indicating excellent financial solvency.

Filing History

IRS 990 filing history for Old Orchard Beach Free Public Library Association showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2013–2023), Old Orchard Beach Free Public Library Association's revenue has grown by 96.5%, moving from $211K to $414K. Total assets increased by 4.7% over the same period, from $298K to $312K. Total functional expenses rose by 126.2%, from $175K to $397K. In its most recent filing year (2023), Old Orchard Beach Free Public Library Association reported a surplus of $17K, with revenue exceeding expenses. The organization holds $18K in liabilities against $312K in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $294K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$414K	$397K	$312K	$18K	—	—
2022	$348K	$342K	$299K	$22K	—	View 990
2021	$323K	$331K	$290K	$26K	—	—
2020	$319K	$326K	$295K	$23K	—	View 990
2019	$299K	$313K	$301K	$20K	—	View 990
2018	$298K	$313K	$315K	$19K	—	View 990
2017	$296K	$289K	$330K	$12K	—	View 990
2016	$262K	$280K	$323K	$12K	—	View 990
2015	$289K	$269K	$333K	$3K	—	View 990
2014	$291K	$283K	$307K	$3K	—	View 990
2013	$211K	$175K	$298K	$2K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $414K, expenses of $397K, and assets of $312K (revenue +19.0% year-over-year).
2022: Revenue of $348K, expenses of $342K, and assets of $299K (revenue +7.6% year-over-year).
2021: Revenue of $323K, expenses of $331K, and assets of $290K (revenue +1.1% year-over-year).
2020: Revenue of $319K, expenses of $326K, and assets of $295K (revenue +6.7% year-over-year).
2019: Revenue of $299K, expenses of $313K, and assets of $301K (revenue +0.5% year-over-year).
2018: Revenue of $298K, expenses of $313K, and assets of $315K (revenue +0.6% year-over-year).
2017: Revenue of $296K, expenses of $289K, and assets of $330K (revenue +13.0% year-over-year).
2016: Revenue of $262K, expenses of $280K, and assets of $323K (revenue -9.3% year-over-year).
2015: Revenue of $289K, expenses of $269K, and assets of $333K (revenue -0.8% year-over-year).
2014: Revenue of $291K, expenses of $283K, and assets of $307K (revenue +38.3% year-over-year).
2013: Revenue of $211K, expenses of $175K, and assets of $298K.

Data Sources and Methodology

This transparency report for Old Orchard Beach Free 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.