Rutherford Library Assn
Rutherford Library Assn shows asset growth and no officer compensation, but expenses have recently exceeded revenue.
EIN: 10379301 · South Bristol, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $132K |
| Total Expenses | $74K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $131,974. |
| Net Assets | $574K |
| Transparency Score | 85/100 |
Is Rutherford Library Assn Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rutherford Library Assn directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rutherford Library Assn
Rutherford Library Assn (EIN: 10379301) is a nonprofit organization based in South Bristol, ME. The organization reported total revenue of $132K and total assets of $642K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rutherford Library Assn's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rutherford Library Assn is a small nonprofit that has been operating for 33 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $61K |
| Total Expenses | $74K |
| Surplus / Deficit | $-12,721 |
| Total Assets | $574K |
| Net Assets | $574K |
| Operating Margin | -20.9% |
| Months of Reserves | 93.5 months |
Financial Health Grade: B
In 2023, Rutherford Library Assn reported a deficit of $13K with expenses exceeding revenue, holds 93.5 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Rutherford Library Assn's revenue has declined at a compound annual growth rate (CAGR) of -7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.9% | +22.0% | +3.6% |
| 2022 | -41.0% | +1.6% | -3.2% |
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 Rutherford Library Assn 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: 85%
- fundraising: 0%
According to IRS 990 filings, Rutherford Library Assn allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $13K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is highly favorable for a small organization of this size with latest revenue of $131,974.
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 Rutherford Library Assn's IRS 990 filings:
- Expenses exceeded revenue in 2023 and 2022, potentially indicating reliance on reserves or inconsistent funding.
Strengths
The following positive indicators were identified for Rutherford Library Assn:
- No officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Consistent growth in assets, reaching $641,831, demonstrating financial stability.
- Zero liabilities reported, indicating a healthy balance sheet.
Frequently Asked Questions about Rutherford Library Assn
Is Rutherford Library Assn a legitimate charity?
Rutherford Library Assn (EIN: 10379301) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 3 years of IRS 990 filings on record. Total revenue: $132K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Rutherford Library Assn spend its money?
Rutherford Library Assn directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Rutherford Library Assn tax-deductible?
Rutherford Library Assn is registered as a tax-exempt nonprofit (EIN: 10379301). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rutherford Library Assn CEO make?
Rutherford Library Assn's highest-compensated officer earns $131,974. annually. The organization reported $132K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Rutherford Library Assn located?
Rutherford Library Assn is headquartered in South Bristol, Maine and files with the IRS under EIN 10379301.
How many years of IRS 990 filings does Rutherford Library Assn have?
Rutherford Library Assn has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $132K in total revenue.
Is Rutherford Library Assn a good charity?
Based on the available data, Rutherford Library Assn appears to be a good charity, particularly due to its strong asset base ($641,831), lack of officer compensation, and consistent operations. However, a detailed breakdown of program vs. administrative expenses would provide a clearer picture of spending efficiency.
How does Rutherford Library Assn manage its expenses relative to its revenue?
In the 2023 and 2022 periods, Rutherford Library Assn's expenses ($73,647 and $60,373 respectively) exceeded its revenue ($60,926 and $41,770 respectively). This suggests the organization may be drawing on its accumulated assets or prior surpluses to cover operational costs, although the latest revenue of $131,974 indicates a significant positive shift.
What is the trend in Rutherford Library Assn's assets?
Rutherford Library Assn's assets have shown a positive growth trend, increasing from $572,808 in 2021 to $641,831 in the latest period, indicating financial stability and accumulation of resources.
Filing History
IRS 990 filing history for Rutherford Library Assn showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Rutherford Library Assn's revenue has declined by 13.9%, moving from $71K to $61K. Total assets increased by 0.2% over the same period, from $573K to $574K. Total functional expenses rose by 24%, from $59K to $74K. In its most recent filing year (2023), Rutherford Library Assn reported a deficit of $13K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $61K | $74K | $574K | $0 | — | View 990 |
| 2022 | $42K | $60K | $554K | $0 | — | View 990 |
| 2021 | $71K | $59K | $573K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $61K, expenses of $74K, and assets of $574K (revenue +45.9% year-over-year).
- 2022: Revenue of $42K, expenses of $60K, and assets of $554K (revenue -41.0% year-over-year).
- 2021: Revenue of $71K, expenses of $59K, and assets of $573K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rutherford Library Assn:
Data Sources and Methodology
This transparency report for Rutherford Library Assn 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.