Penobscot Bar Library Association
Penobscot Bar Library Association reports $0 revenue and assets in latest filing, indicating potential inactivity after years of deficit spending.
EIN: 16016349 · Bangor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $26K |
| Program Spending | 80% |
| Net Assets | $86K |
| Transparency Score | 30/100 |
Is Penobscot Bar Library Association Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penobscot Bar Library Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penobscot Bar Library Association
Penobscot Bar Library Association (EIN: 16016349) is a nonprofit organization based in Bangor, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penobscot Bar Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penobscot Bar Library Association is a micro nonprofit that has been operating for 54 years, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of 28.8%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $26K |
| Total Expenses | $26K |
| Surplus / Deficit | +$82 |
| Total Assets | $86K |
| Net Assets | $86K |
| Operating Margin | 0.3% |
| Months of Reserves | 40.0 months |
Financial Health Grade: A
In 2014, Penobscot Bar Library Association reported a surplus of $82 with revenue exceeding expenses, holds 40.0 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2011–2014), Penobscot Bar Library Association's revenue has grown at a compound annual growth rate (CAGR) of 28.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | +224.3% | +22.6% | +0.1% |
| 2013 | -41.3% | -8.9% | -13.2% |
| 2012 | +12.2% | +6.0% | -8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
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 Penobscot Bar Library Association with a Mission Score of 30 out of 100 (Poor). 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: 80%
- fundraising: 0%
According to IRS 990 filings, Penobscot Bar Library Association allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $82, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reported 0% officer compensation across all available filings, indicating that no executive salaries were paid, which is appropriate for an organization of this size and financial activity.
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 Penobscot Bar Library Association's IRS 990 filings:
- Latest filing shows $0 revenue and assets, suggesting inactivity.
- Consistent deficit spending in prior years (e.g., 2013 expenses $21,046 vs. revenue $7,980).
- Significant decline in assets over time from $108,416 to $0.
Strengths
The following positive indicators were identified for Penobscot Bar Library Association:
- No officer compensation reported across all filings, indicating efficient use of limited funds for leadership.
Frequently Asked Questions about Penobscot Bar Library Association
Is Penobscot Bar Library Association a legitimate charity?
Penobscot Bar Library Association (EIN: 16016349) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 30/100. It has 4 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: A.
How does Penobscot Bar Library Association spend its money?
Penobscot Bar Library Association directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Penobscot Bar Library Association tax-deductible?
Penobscot Bar Library Association is registered as a tax-exempt nonprofit (EIN: 16016349). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Penobscot Bar Library Association located?
Penobscot Bar Library Association is headquartered in Bangor, Maine and files with the IRS under EIN 16016349.
How many years of IRS 990 filings does Penobscot Bar Library Association have?
Penobscot Bar Library Association has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Penobscot Bar Library Association still operational?
Based on the latest filing showing $0 in revenue and assets, it is highly questionable whether the Penobscot Bar Library Association is still actively operational.
What caused the decline in assets?
The decline in assets from $108,416 in 2011 to $85,908 in 2014 was primarily due to expenses consistently exceeding revenue in most reported periods (e.g., $21,046 expenses vs. $7,980 revenue in 2013).
Filing History
IRS 990 filing history for Penobscot Bar Library Association showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Penobscot Bar Library Association's revenue has grown by 113.8%, moving from $12K to $26K. Total assets decreased by 20.8% over the same period, from $108K to $86K. Total functional expenses rose by 18.3%, from $22K to $26K. In its most recent filing year (2014), Penobscot Bar Library Association reported a surplus of $82, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $26K | $26K | $86K | $0 | — | View 990 |
| 2013 | $8K | $21K | $86K | $0 | — | View 990 |
| 2012 | $14K | $23K | $99K | $0 | — | View 990 |
| 2011 | $12K | $22K | $108K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $26K, expenses of $26K, and assets of $86K (revenue +224.3% year-over-year).
- 2013: Revenue of $8K, expenses of $21K, and assets of $86K (revenue -41.3% year-over-year).
- 2012: Revenue of $14K, expenses of $23K, and assets of $99K (revenue +12.2% year-over-year).
- 2011: Revenue of $12K, expenses of $22K, and assets of $108K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penobscot Bar Library Association:
Data Sources and Methodology
This transparency report for Penobscot Bar 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.