Phillips Public Library
Phillips Public Library consistently operates with expenses exceeding revenue, maintaining a stable asset base with no officer compensation.
EIN: 10400759 · Phillips, ME · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $74K |
| Program Spending | 80% |
| Net Assets | $355K |
| Transparency Score | 75/100 |
Is Phillips Public Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phillips Public Library directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phillips Public Library
Phillips Public Library (EIN: 10400759) is a nonprofit organization based in Phillips, ME, classified under NTEE code B11. The organization reported total revenue of $0 and total assets of $96K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phillips Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phillips Public Library is a micro nonprofit that has been operating for 4 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $74K |
| Surplus / Deficit | $-14,585 |
| Total Assets | $355K |
| Net Assets | $355K |
| Operating Margin | -24.5% |
| Months of Reserves | 57.5 months |
Financial Health Grade: B
In 2023, Phillips Public Library reported a deficit of $15K with expenses exceeding revenue, holds 57.5 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2011–2023), Phillips Public Library's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.4% | +13.4% | -3.9% |
| 2022 | +16.9% | +13.4% | -9.0% |
| 2017 | -0.1% | +9.7% | +2.8% |
| 2016 | +22.9% | -10.6% | +2.5% |
| 2015 | -13.0% | -7.0% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| IRS Ruling Date | 2022 |
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 Phillips Public Library with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Phillips Public Library 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is a positive sign for resource allocation towards its 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 Phillips Public Library's IRS 990 filings:
- Consistent annual operating deficits (expenses exceeding revenue) in most reported periods.
- Latest reported revenue of $0, which is a significant deviation from historical trends and requires clarification.
Strengths
The following positive indicators were identified for Phillips Public Library:
- Consistent reporting of IRS 990 filings, indicating transparency.
- Zero officer compensation across all reported periods, suggesting efficient use of funds.
- Stable asset base (e.g., $355,310 in 2023) providing financial stability.
- Zero liabilities in recent years (2022-2023), indicating a healthy balance sheet.
Frequently Asked Questions about Phillips Public Library
Is Phillips Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Phillips Public Library (EIN: 10400759) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Phillips Public Library spend its money?
Phillips Public Library directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Phillips Public Library tax-deductible?
Phillips Public Library is registered as a tax-exempt nonprofit (EIN: 10400759). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Phillips Public Library's spending goes to programs?
Phillips Public Library directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Phillips Public Library compare to similar nonprofits?
With a transparency score of 75/100 (Good), Phillips Public Library is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Phillips Public Library located?
Phillips Public Library is headquartered in Phillips, Maine and files with the IRS under EIN 10400759. It is classified under NTEE code B11.
How many years of IRS 990 filings does Phillips Public Library have?
Phillips Public Library has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Phillips Public Library financially sustainable given its consistent operating deficits?
While the library consistently reports expenses exceeding revenue, its stable asset base (e.g., $355,310 in 2023) and zero liabilities in recent years suggest it has sufficient reserves or other funding mechanisms to cover these deficits. However, long-term sustainability would depend on the source of these funds and whether they are renewable.
What is the reason for the $0 latest revenue reported?
The $0 latest revenue reported is an anomaly compared to previous years where revenue consistently ranged from $30,000 to $65,000. This could be due to a reporting error, a change in fiscal year, or a temporary cessation of typical revenue streams, and would require further investigation of the full 990 filing.
How does the absence of officer compensation impact the organization?
The absence of officer compensation indicates a volunteer-driven leadership, which can lead to lower administrative costs and a greater proportion of funds being directed towards the library's programs and services. It suggests a strong commitment from its leadership.
Filing History
IRS 990 filing history for Phillips Public Library showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Phillips Public Library's revenue has grown by 41.9%, moving from $42K to $60K. Total assets decreased by 18.4% over the same period, from $435K to $355K. Total functional expenses fell by 15.2%, from $87K to $74K. In its most recent filing year (2023), Phillips Public Library reported a deficit of $15K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $74K | $355K | $0 | — | — |
| 2022 | $59K | $65K | $370K | $0 | — | View 990 |
| 2017 | $50K | $58K | $407K | $0 | — | View 990 |
| 2016 | $50K | $53K | $395K | $105 | — | View 990 |
| 2015 | $41K | $59K | $386K | $341 | — | View 990 |
| 2014 | $47K | $63K | $406K | $866 | — | View 990 |
| 2013 | $65K | $66K | $432K | $805 | — | View 990 |
| 2012 | $30K | $57K | $431K | $708 | — | View 990 |
| 2011 | $42K | $87K | $435K | $102 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $74K, and assets of $355K (revenue +1.4% year-over-year).
- 2022: Revenue of $59K, expenses of $65K, and assets of $370K (revenue +16.9% year-over-year).
- 2017: Revenue of $50K, expenses of $58K, and assets of $407K (revenue -0.1% year-over-year).
- 2016: Revenue of $50K, expenses of $53K, and assets of $395K (revenue +22.9% year-over-year).
- 2015: Revenue of $41K, expenses of $59K, and assets of $386K (revenue -13.0% year-over-year).
- 2014: Revenue of $47K, expenses of $63K, and assets of $406K (revenue -27.7% year-over-year).
- 2013: Revenue of $65K, expenses of $66K, and assets of $432K (revenue +115.9% year-over-year).
- 2012: Revenue of $30K, expenses of $57K, and assets of $431K (revenue -28.2% year-over-year).
- 2011: Revenue of $42K, expenses of $87K, and assets of $435K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phillips Public Library:
Data Sources and Methodology
This transparency report for Phillips Public 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.