Southwest Harbor Public Library

Search Intent Cockpit

Southwest Harbor Public Library Form 990, Revenue, CEO Pay, and IRS Filing Signals

Southwest Harbor Public Library 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 Southwest Harbor Public Library in one place.

Is Southwest Harbor Public Library Legit?

Appears Legitimate

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

Across stored filings, Southwest Harbor Public Library shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

Decision Cockpit

One-Stop Donor, Research, and Peer Context Hub

Donation Decision Flow

From Trust Check to Better Alternatives

Alternative Shopping

Similar Nonprofits Donors Should Compare

Next Best Actions

Keep the Investigation Moving

Southwest Harbor Public Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Southwest Harbor Public Library

Southwest Harbor Public Library (EIN: 10241528) is a nonprofit organization based in Southwest Hbr, ME. The organization reported total revenue of $1.3M and total assets of $7.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southwest Harbor Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Southwest Harbor Public Library is a mid-size nonprofit that has been operating for 83 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Southwest Harbor Public Library reported a surplus of $328K with revenue exceeding expenses, holds 117.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).

Financial Trends

Over 14 years of filings (2010–2023), Southwest Harbor Public Library's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.

IRS Tax-Exempt Classification

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 Southwest Harbor Public Library 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: 85%
• fundraising: 5%

According to IRS 990 filings, Southwest Harbor Public Library allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. 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 surplus of $328K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.3%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly unusual and suggests a very lean administrative overhead at the top.

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 Southwest Harbor Public Library:

• Consistent asset growth, increasing from $3.87M in 2015 to $7.11M currently.
• Strong financial health with revenues consistently exceeding expenses (e.g., $983,402 revenue vs. $655,391 expenses in 2023).
• Extremely low liabilities, typically under $40,000, indicating minimal debt.
• No reported officer compensation across all 14 filings, suggesting highly efficient use of funds at the executive level.
• Consistent filing of IRS Form 990s, demonstrating good transparency.

Frequently Asked Questions about Southwest Harbor Public Library

Filing History

IRS 990 filing history for Southwest Harbor Public Library showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Southwest Harbor Public Library's revenue has grown by 169%, moving from $366K to $983K. Total assets increased by 111.2% over the same period, from $3.0M to $6.4M. Total functional expenses rose by 94.8%, from $337K to $655K. In its most recent filing year (2023), Southwest Harbor Public Library reported a surplus of $328K, with revenue exceeding expenses. The organization holds $20K in liabilities against $6.4M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $6.4M.

Year-by-Year Financial Summary

• 2023: Revenue of $983K, expenses of $655K, and assets of $6.4M (revenue -34.0% year-over-year).
• 2022: Revenue of $1.5M, expenses of $564K, and assets of $5.7M (revenue +85.0% year-over-year).
• 2021: Revenue of $805K, expenses of $531K, and assets of $5.9M (revenue +3.2% year-over-year).
• 2020: Revenue of $780K, expenses of $526K, and assets of $5.2M (revenue +26.6% year-over-year).
• 2019: Revenue of $616K, expenses of $508K, and assets of $4.9M (revenue -1.3% year-over-year).
• 2018: Revenue of $624K, expenses of $492K, and assets of $4.2M (revenue +1.4% year-over-year).
• 2017: Revenue of $616K, expenses of $483K, and assets of $4.5M (revenue +20.6% year-over-year).
• 2016: Revenue of $511K, expenses of $468K, and assets of $4.1M (revenue -2.0% year-over-year).
• 2015: Revenue of $521K, expenses of $424K, and assets of $3.9M (revenue -2.0% year-over-year).
• 2014: Revenue of $532K, expenses of $438K, and assets of $3.9M (revenue +1.7% year-over-year).
• 2013: Revenue of $523K, expenses of $419K, and assets of $3.8M (revenue -9.3% year-over-year).
• 2012: Revenue of $577K, expenses of $371K, and assets of $3.4M (revenue +67.5% year-over-year).
• 2011: Revenue of $344K, expenses of $362K, and assets of $3.0M (revenue -5.8% year-over-year).
• 2010: Revenue of $366K, expenses of $337K, and assets of $3.0M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Southwest Harbor Public Library:

Data Sources and Methodology

This transparency report for Southwest Harbor Public Library 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.