Skidompha Library Assoc
Skidompha Library Assoc maintains strong asset growth and zero executive compensation, demonstrating sound financial stewardship.
EIN: 10228297 · Damariscotta, ME · NTEE: B71Z · Updated: 2026-03-28
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Skidompha Library Assoc is mapped to EIN 10228297.
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| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $789K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.5M |
| Transparency Score | 95/100 |
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Skidompha Library Assoc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Skidompha Library Assoc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Skidompha Library Assoc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $841K and expenses of $789K.
Revenue and Expenses
Skidompha Library Assoc reported $841K in revenue and $789K in expenses, a surplus of $52K.
Executive Compensation
Top officer compensation appears as $5 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
95/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Skidompha Library Assoc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $710K (90%) |
Across stored filings, Skidompha Library Assoc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Education context |
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Skidompha Library Assoc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skidompha Library Assoc
Skidompha Library Assoc (EIN: 10228297) is a nonprofit organization based in Damariscotta, ME, classified under NTEE code B71Z. The organization reported total revenue of $2.0M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skidompha Library Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skidompha Library Assoc is a mid-size nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $841K |
| Total Expenses | $789K |
| Surplus / Deficit | +$52K |
| Total Assets | $4.7M |
| Total Liabilities | $172K |
| Net Assets | $4.5M |
| Operating Margin | 6.2% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 70.7 months |
Financial Health Grade: A
In 2024, Skidompha Library Assoc reported a surplus of $52K with revenue exceeding expenses, holds 70.7 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Skidompha Library Assoc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +15.5% | +3.4% | +1.2% |
| 2023 | +11.8% | +11.6% | -1.0% |
| 2022 | -42.4% | +21.7% | -6.2% |
| 2021 | +39.9% | -25.0% | +12.9% |
| 2020 | +3.2% | +3.6% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| 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 Skidompha Library Assoc with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Skidompha Library Assoc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $52K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries, which is highly commendable for an organization with over $5 million in assets and annual revenues exceeding $800,000.
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.
Strengths
The following positive indicators were identified for Skidompha Library Assoc:
- Zero executive compensation reported across all filings, indicating high efficiency in directing funds to mission.
- Consistent asset growth from $3.5M in 2015 to over $5M currently, demonstrating strong financial health.
- Generally positive operating margins, with revenues often exceeding expenses (e.g., $841,311 revenue vs. $788,950 expenses in 202406).
- Low liabilities relative to assets, suggesting sound financial management and low risk.
- Consistent IRS 990 filing history, indicating strong transparency and compliance.
Frequently Asked Questions about Skidompha Library Assoc
Is Skidompha Library Assoc a legitimate charity?
Skidompha Library Assoc (EIN: 10228297) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Skidompha Library Assoc spend its money?
Skidompha Library Assoc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Skidompha Library Assoc tax-deductible?
Skidompha Library Assoc is registered as a tax-exempt nonprofit (EIN: 10228297). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Skidompha Library Assoc CEO make?
Skidompha Library Assoc's highest-compensated officer earns $5 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Skidompha Library Assoc's spending goes to programs?
Skidompha Library Assoc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Skidompha Library Assoc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Skidompha Library Assoc 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 Skidompha Library Assoc located?
Skidompha Library Assoc is headquartered in Damariscotta, Maine and files with the IRS under EIN 10228297. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Skidompha Library Assoc have?
Skidompha Library Assoc has 13 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 $2.0M in total revenue.
Is Skidompha Library Assoc a good charity?
Yes, Skidompha Library Assoc appears to be a very good charity. It demonstrates strong financial health with growing assets, responsible expense management, and a highly transparent approach, particularly with its zero executive compensation.
How does Skidompha Library Assoc manage its expenses?
The organization generally manages its expenses effectively, with revenues often exceeding or closely matching expenditures. For example, in 202406, revenue was $841,311 against expenses of $788,950, indicating a surplus. Even in periods of deficit, like 202306, the overall asset base remains strong.
What is the trend in Skidompha Library Assoc's assets?
Skidompha Library Assoc has shown consistent asset growth over the past decade, increasing from $3,540,330 in 201506 to $5,091,750 in the latest period, indicating strong financial accumulation and stability.
Filing History
IRS 990 filing history for Skidompha Library Assoc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Skidompha Library Assoc's revenue has grown by 9.1%, moving from $771K to $841K. Total assets increased by 27% over the same period, from $3.7M to $4.7M. Total functional expenses rose by 79.1%, from $441K to $789K. In its most recent filing year (2024), Skidompha Library Assoc reported a surplus of $52K, with revenue exceeding expenses. The organization holds $172K in liabilities against $4.7M in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $841K | $789K | $4.7M | $172K | — | View 990 |
| 2023 | $729K | $763K | $4.6M | $170K | — | View 990 |
| 2022 | $652K | $684K | $4.6M | $184K | — | View 990 |
| 2021 | $1.1M | $562K | $5.0M | $272K | — | View 990 |
| 2020 | $809K | $749K | $4.4M | $277K | — | View 990 |
| 2019 | $783K | $723K | $4.3M | $250K | — | View 990 |
| 2018 | $615K | $637K | $4.3M | $261K | — | View 990 |
| 2017 | $699K | $635K | $4.3M | $255K | — | View 990 |
| 2016 | $976K | $560K | $4.0M | $5K | — | View 990 |
| 2015 | $413K | $519K | $3.5M | $8K | — | View 990 |
| 2014 | $500K | $491K | $3.6M | $3K | — | View 990 |
| 2013 | $447K | $476K | $3.6M | $5K | — | View 990 |
| 2012 | $771K | $441K | $3.7M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $841K, expenses of $789K, and assets of $4.7M (revenue +15.5% year-over-year).
- 2023: Revenue of $729K, expenses of $763K, and assets of $4.6M (revenue +11.8% year-over-year).
- 2022: Revenue of $652K, expenses of $684K, and assets of $4.6M (revenue -42.4% year-over-year).
- 2021: Revenue of $1.1M, expenses of $562K, and assets of $5.0M (revenue +39.9% year-over-year).
- 2020: Revenue of $809K, expenses of $749K, and assets of $4.4M (revenue +3.2% year-over-year).
- 2019: Revenue of $783K, expenses of $723K, and assets of $4.3M (revenue +27.4% year-over-year).
- 2018: Revenue of $615K, expenses of $637K, and assets of $4.3M (revenue -12.0% year-over-year).
- 2017: Revenue of $699K, expenses of $635K, and assets of $4.3M (revenue -28.4% year-over-year).
- 2016: Revenue of $976K, expenses of $560K, and assets of $4.0M (revenue +136.1% year-over-year).
- 2015: Revenue of $413K, expenses of $519K, and assets of $3.5M (revenue -17.3% year-over-year).
- 2014: Revenue of $500K, expenses of $491K, and assets of $3.6M (revenue +11.9% year-over-year).
- 2013: Revenue of $447K, expenses of $476K, and assets of $3.6M (revenue -42.1% year-over-year).
- 2012: Revenue of $771K, expenses of $441K, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skidompha Library Assoc:
Data Sources and Methodology
This transparency report for Skidompha Library Assoc 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.