Orrs Island Library Inc
Orrs Island Library Inc maintains strong asset growth despite fluctuating annual revenues and occasional operational deficits.
EIN: 16017260 · Orrs Island, ME · Updated: 2026-03-28
Is Orrs Island Library Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Orrs Island Library Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Orrs Island Library Inc
Orrs Island Library Inc (EIN: 16017260) is a nonprofit organization based in Orrs Island, ME. The organization reported total revenue of $82K and total assets of $891K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Orrs Island Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Orrs Island Library Inc is a micro nonprofit that has been operating for 33 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -6.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $83K |
| Total Expenses | $91K |
| Surplus / Deficit | $-7,235 |
| Total Assets | $891K |
| Net Assets | $891K |
| Operating Margin | -8.7% |
| Months of Reserves | 118.0 months |
Financial Health Grade: B
In 2024, Orrs Island Library Inc reported a deficit of $7K with expenses exceeding revenue, holds 118.0 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Orrs Island Library Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +27.0% | -12.5% | +1.2% |
| 2023 | -65.8% | +56.0% | -3.0% |
| 2022 | +255.1% | +46.4% | +14.1% |
| 2021 | -19.1% | -7.9% | +0.8% |
| 2020 | -17.4% | -13.9% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Orrs Island Library Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Orrs Island Library Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $7K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization or one with no paid officers, which is highly efficient for an organization of its size with assets nearing $900,000.
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 Orrs Island Library Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent 2024 filing ($90,610 expenses vs. $83,375 revenue), indicating an operational deficit for that period.
Strengths
The following positive indicators were identified for Orrs Island Library Inc:
- Consistent growth in assets, from $726,675 in 2015 to $890,639 in 2024, demonstrating long-term financial health.
- Zero reported officer compensation across all filings, indicating high efficiency and potentially a volunteer-driven leadership.
- Minimal to no liabilities reported in most periods, reflecting sound financial management.
- Strong asset base ($890,639) relative to annual revenue ($83,375), providing a significant buffer for operations.
Frequently Asked Questions about Orrs Island Library Inc
Is Orrs Island Library Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Orrs Island Library Inc (EIN: 16017260) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Orrs Island Library Inc spend its money?
Orrs Island Library Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Orrs Island Library Inc tax-deductible?
Orrs Island Library Inc is registered as a tax-exempt nonprofit (EIN: 16017260). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Orrs Island Library Inc financially stable?
Yes, the organization demonstrates strong financial stability with assets growing from $726,675 in 2015 to $890,639 in 2024, and minimal to no liabilities reported in most periods.
How efficient is Orrs Island Library Inc with its spending?
While a detailed expense breakdown isn't provided, the consistent 0% officer compensation suggests high efficiency in leadership costs. The organization's ability to grow assets despite varying revenues also points to effective resource management.
Does Orrs Island Library Inc pay its executives?
No, all available IRS 990 filings consistently report 0% officer compensation, indicating that the organization does not pay its executives.
What is the trend in Orrs Island Library Inc's revenue?
Revenue has fluctuated significantly, ranging from $46,164 in 2016 to a peak of $192,157 in 2022, before settling at $83,375 in the most recent 2024 filing.
Filing History
IRS 990 filing history for Orrs Island Library Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Orrs Island Library Inc's revenue has declined by 58.4%, moving from $200K to $83K. Total assets increased by 38.6% over the same period, from $643K to $891K. Total functional expenses rose by 140.7%, from $38K to $91K. In its most recent filing year (2024), Orrs Island Library Inc reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $83K | $91K | $891K | $0 | — | — |
| 2023 | $66K | $104K | $880K | $0 | — | — |
| 2022 | $192K | $66K | $908K | $0 | — | View 990 |
| 2021 | $54K | $45K | $796K | $-123 | — | View 990 |
| 2020 | $67K | $49K | $790K | $2K | — | View 990 |
| 2019 | $81K | $57K | $769K | $0 | — | View 990 |
| 2018 | $66K | $52K | $745K | $0 | — | View 990 |
| 2017 | $51K | $45K | $731K | $0 | — | View 990 |
| 2016 | $46K | $48K | $725K | $0 | — | View 990 |
| 2015 | $49K | $51K | $727K | $0 | — | View 990 |
| 2014 | $86K | $48K | $730K | $0 | — | View 990 |
| 2013 | $125K | $50K | $692K | $0 | — | View 990 |
| 2012 | $113K | $46K | $711K | $94K | — | View 990 |
| 2011 | $200K | $38K | $643K | $94K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $83K, expenses of $91K, and assets of $891K (revenue +27.0% year-over-year).
- 2023: Revenue of $66K, expenses of $104K, and assets of $880K (revenue -65.8% year-over-year).
- 2022: Revenue of $192K, expenses of $66K, and assets of $908K (revenue +255.1% year-over-year).
- 2021: Revenue of $54K, expenses of $45K, and assets of $796K (revenue -19.1% year-over-year).
- 2020: Revenue of $67K, expenses of $49K, and assets of $790K (revenue -17.4% year-over-year).
- 2019: Revenue of $81K, expenses of $57K, and assets of $769K (revenue +22.9% year-over-year).
- 2018: Revenue of $66K, expenses of $52K, and assets of $745K (revenue +29.3% year-over-year).
- 2017: Revenue of $51K, expenses of $45K, and assets of $731K (revenue +10.4% year-over-year).
- 2016: Revenue of $46K, expenses of $48K, and assets of $725K (revenue -5.6% year-over-year).
- 2015: Revenue of $49K, expenses of $51K, and assets of $727K (revenue -43.2% year-over-year).
- 2014: Revenue of $86K, expenses of $48K, and assets of $730K (revenue -31.4% year-over-year).
- 2013: Revenue of $125K, expenses of $50K, and assets of $692K (revenue +10.8% year-over-year).
- 2012: Revenue of $113K, expenses of $46K, and assets of $711K (revenue -43.5% year-over-year).
- 2011: Revenue of $200K, expenses of $38K, and assets of $643K.
Data Sources and Methodology
This transparency report for Orrs Island Library Inc 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.