Rangeley Library Association
Rangeley Library Association maintains stable assets despite occasional operating deficits and no executive compensation.
EIN: 10147000 · Rangeley, ME · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $191K |
| Total Expenses | $203K |
| Program Spending | 90% |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Rangeley Library Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rangeley Library Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rangeley Library Association
Rangeley Library Association (EIN: 10147000) is a nonprofit organization based in Rangeley, ME, classified under NTEE code B71Z. The organization reported total revenue of $191K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rangeley Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rangeley Library Association is a small nonprofit that has been operating for 67 years, with 11 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $158K |
| Total Expenses | $203K |
| Surplus / Deficit | $-44,999 |
| Total Assets | $1.7M |
| Total Liabilities | $49K |
| Net Assets | $1.6M |
| Operating Margin | -28.4% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 98.4 months |
Financial Health Grade: B
In 2022, Rangeley Library Association reported a deficit of $45K with expenses exceeding revenue, holds 98.4 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2022), Rangeley Library Association's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -4.7% | +12.3% | -5.7% |
| 2021 | -13.3% | -3.9% | +14.3% |
| 2020 | -10.3% | -0.6% | +0.7% |
| 2019 | +28.4% | +3.7% | +3.7% |
| 2018 | +11.3% | +3.7% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1959 |
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 Rangeley Library Association 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Rangeley Library Association 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
The Rangeley Library Association consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure and a highly efficient use of donor funds for 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 Rangeley Library Association's IRS 990 filings:
- Occasional operating deficits (e.g., $44,999 deficit in 202206)
Strengths
The following positive indicators were identified for Rangeley Library Association:
- Consistent 0% officer compensation
- Strong and growing asset base ($1,668,594 in 202206)
- Clear program focus (Libraries)
- Low liabilities relative to assets (e.g., $49,377 liabilities vs. $1,668,594 assets in 202206)
Frequently Asked Questions about Rangeley Library Association
Is Rangeley Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Rangeley Library Association (EIN: 10147000) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Rangeley Library Association spend its money?
Rangeley Library Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rangeley Library Association tax-deductible?
Rangeley Library Association is registered as a tax-exempt nonprofit (EIN: 10147000). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Rangeley Library Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Rangeley Library Association 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 Rangeley Library Association located?
Rangeley Library Association is headquartered in Rangeley, Maine and files with the IRS under EIN 10147000. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Rangeley Library Association have?
Rangeley Library Association has 11 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 $191K in total revenue.
Is Rangeley Library Association a good charity?
Based on the provided data, the Rangeley Library Association appears to be a good charity. It has a strong asset base ($1,668,594 in 202206), consistently reports 0% officer compensation, and operates with a clear mission (Libraries).
How does Rangeley Library Association manage its expenses?
The organization's expenses have generally been close to its revenues, with some years showing a slight deficit (e.g., $203,484 expenses vs. $158,485 revenue in 202206). However, its substantial assets suggest a prudent long-term financial strategy.
What is the trend in Rangeley Library Association's assets?
The organization's assets have shown a consistent upward trend over the past decade, growing from $1,440,469 in 201306 to $1,668,594 in 202206, indicating strong financial stewardship and growth.
Filing History
IRS 990 filing history for Rangeley Library Association showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), Rangeley Library Association's revenue has grown by 7%, moving from $148K to $158K. Total assets increased by 21.3% over the same period, from $1.4M to $1.7M. Total functional expenses rose by 24.2%, from $164K to $203K. In its most recent filing year (2022), Rangeley Library Association reported a deficit of $45K, with expenses exceeding revenue. The organization holds $49K in liabilities against $1.7M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $158K | $203K | $1.7M | $49K | — | View 990 |
| 2021 | $166K | $181K | $1.8M | $28K | — | View 990 |
| 2020 | $192K | $189K | $1.5M | $48K | — | View 990 |
| 2019 | $214K | $190K | $1.5M | $47K | — | View 990 |
| 2018 | $166K | $183K | $1.5M | $16K | — | View 990 |
| 2017 | $150K | $176K | $1.5M | $38K | — | View 990 |
| 2016 | $152K | $171K | $1.5M | $59K | — | View 990 |
| 2015 | $179K | $179K | $1.4M | $18K | — | View 990 |
| 2014 | $148K | $167K | $1.5M | $36K | — | View 990 |
| 2013 | $143K | $158K | $1.4M | $55K | — | View 990 |
| 2012 | $148K | $164K | $1.4M | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $158K, expenses of $203K, and assets of $1.7M (revenue -4.7% year-over-year).
- 2021: Revenue of $166K, expenses of $181K, and assets of $1.8M (revenue -13.3% year-over-year).
- 2020: Revenue of $192K, expenses of $189K, and assets of $1.5M (revenue -10.3% year-over-year).
- 2019: Revenue of $214K, expenses of $190K, and assets of $1.5M (revenue +28.4% year-over-year).
- 2018: Revenue of $166K, expenses of $183K, and assets of $1.5M (revenue +11.3% year-over-year).
- 2017: Revenue of $150K, expenses of $176K, and assets of $1.5M (revenue -1.3% year-over-year).
- 2016: Revenue of $152K, expenses of $171K, and assets of $1.5M (revenue -15.3% year-over-year).
- 2015: Revenue of $179K, expenses of $179K, and assets of $1.4M (revenue +21.1% year-over-year).
- 2014: Revenue of $148K, expenses of $167K, and assets of $1.5M (revenue +3.3% year-over-year).
- 2013: Revenue of $143K, expenses of $158K, and assets of $1.4M (revenue -3.3% year-over-year).
- 2012: Revenue of $148K, expenses of $164K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rangeley Library Association:
Data Sources and Methodology
This transparency report for Rangeley 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.