Somesville Library Association
Somesville Library Association maintains stable assets and low liabilities despite fluctuating revenue.
EIN: 10230060 · Mount Desert, ME · NTEE: B70 · Updated: 2026-03-28
Source Check Matrix
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Identity resolved verified
Somesville Library Association is mapped to EIN 10230060.
IRS BMF exempt record needs review
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2 stored filing years available.
Raw 990 source linked
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Filing depth needs review
2 stored filing years available.
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Candid / GuideStar profile api pending
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Workflow Engine
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2 stored filing years plus ProPublica source
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Triggered by: program expense ratio, CEO salary, revenue, grants
90% program spend, health grade A
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4 peer options surfaced
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| Metric | Value |
|---|---|
| Total Revenue | $79K |
| Total Expenses | $38K |
| Program Spending | 90% |
| Net Assets | $326K |
| Transparency Score | 92/100 |
Search Intent Cockpit
Somesville Library Association Form 990, Revenue, CEO Pay, and IRS Filing Signals
Somesville Library Association 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 Somesville Library Association in one place.
Form 990 Filing Summary
2 filing years are available, with latest revenue of $49K and expenses of $38K.
Revenue and Expenses
Somesville Library Association reported $49K in revenue and $38K in expenses, a surplus of $11K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
92/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Somesville Library Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
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 | $34K (90%) |
Across stored filings, Somesville Library Association shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Limited filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 2 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Education context |
Trust Check
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All Education
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Mount Desert, ME nonprofitsEducation in Maine
Education in Maine
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State spending analysisState compensation analysis
Education spending
Best Education charities in Maine
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Donation Decision Flow
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Verify
Some Concerns. Check deductibility, filings, and red flags.
2Understand money
90% of spending goes to programs.
3Compare
Benchmark against Maine Composite Materials Applied Technology Development Center.
4Decide
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Alternative Shopping
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Request a concise report for Somesville Library Association with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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Somesville Library Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Somesville Library Association
Somesville Library Association (EIN: 10230060) is a nonprofit organization based in Mount Desert, ME, classified under NTEE code B70. The organization reported total revenue of $79K and total assets of $383K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somesville Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Somesville Library Association is a micro nonprofit that has been operating for 10 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -74.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $49K |
| Total Expenses | $38K |
| Surplus / Deficit | +$11K |
| Total Assets | $326K |
| Net Assets | $326K |
| Operating Margin | 22.5% |
| Months of Reserves | 104.0 months |
Financial Health Grade: A
In 2023, Somesville Library Association reported a surplus of $11K with revenue exceeding expenses, holds 104.0 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Somesville Library Association's revenue has declined at a compound annual growth rate (CAGR) of -74.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -74.8% | +11.3% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
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 Somesville Library Association with a Mission Score of 92 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, Somesville 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
Executive Compensation Analysis
The Somesville Library Association reports 0% officer compensation in both available filings, indicating that its leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size.
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 Somesville Library Association's IRS 990 filings:
- Significant year-over-year revenue fluctuation (from $192,745 in 2022 to $48,560 in 2023) could indicate reliance on inconsistent funding sources or one-time large donations.
Strengths
The following positive indicators were identified for Somesville Library Association:
- Consistent asset growth from $309,805 to $326,212.
- Zero reported liabilities in both filing periods.
- 0% officer compensation, indicating efficient use of funds for mission.
- Stable expense levels despite revenue volatility, suggesting good cost control.
Frequently Asked Questions about Somesville Library Association
Is Somesville Library Association a legitimate charity?
Somesville Library Association (EIN: 10230060) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 2 years of IRS 990 filings on record. Total revenue: $79K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Somesville Library Association spend its money?
Somesville Library Association directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Somesville Library Association tax-deductible?
Somesville Library Association is registered as a tax-exempt nonprofit (EIN: 10230060). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Somesville Library Association compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Somesville Library Association is above average for NTEE category B70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Somesville Library Association located?
Somesville Library Association is headquartered in Mount Desert, Maine and files with the IRS under EIN 10230060. It is classified under NTEE code B70.
How many years of IRS 990 filings does Somesville Library Association have?
Somesville Library Association has 2 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 $79K in total revenue.
Is Somesville Library Association a good charity?
Based on the available data, the Somesville Library Association appears to be a well-managed and efficient organization. It maintains zero liabilities, has consistent asset growth, and reports no officer compensation, all of which are strong indicators of a good charity, especially for a small community library.
How does the organization manage its expenses?
The organization manages its expenses effectively, keeping them relatively stable between $33,819 (2022) and $37,627 (2023) despite significant revenue fluctuations. This suggests a disciplined approach to operational costs.
What is the trend in the organization's assets?
The organization's assets have shown a positive growth trend, increasing from $309,805 in 2022 to $326,212 in 2023, indicating successful asset accumulation and preservation.
Filing History
IRS 990 filing history for Somesville Library Association showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Somesville Library Association's revenue has declined by 74.8%, moving from $193K to $49K. Total assets increased by 5.3% over the same period, from $310K to $326K. Total functional expenses rose by 11.3%, from $34K to $38K. In its most recent filing year (2023), Somesville Library Association reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $49K | $38K | $326K | $0 | — | View 990 |
| 2022 | $193K | $34K | $310K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Somesville Library Association:
Data Sources and Methodology
This transparency report for Somesville 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.