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
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, Somesville Library Association (EIN: 10230060) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Somesville Library Association spend its money?
Somesville Library Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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.
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 |
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.