Stonington Public Library

Stonington Public Library shows consistent asset growth and no reported officer compensation over seven years.

EIN: 10339251 · Stonington, ME · NTEE: B71I · Updated: 2026-03-28

$129KRevenue

$356KAssets

92/100Mission Score (Excellent)

B71I

About Stonington Public Library

Stonington Public Library (EIN: 10339251) is a nonprofit organization based in Stonington, ME, classified under NTEE code B71I. The organization reported total revenue of $129K and total assets of $356K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stonington Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Stonington Public Library demonstrates consistent financial growth and strong program focus. Over the past seven years, its revenue has generally trended upwards, from $114,622 in 2017 to $102,079 in 2023 (with a peak of $128,780 in the latest available data), indicating stable community support. The organization's assets have also steadily increased, from $201,148 in 2017 to $324,151 in 2023, suggesting sound financial management and accumulation of resources. Liabilities remain very low, consistently under $1,000, which is a positive indicator of fiscal responsibility.

The library's spending efficiency appears high, with expenses consistently lower than revenue, allowing for asset growth. For instance, in 2023, expenses were $87,842 against $102,079 in revenue. The absence of officer compensation reported across all filings is a significant strength, implying that leadership is volunteer-based or compensated through other means not classified as officer compensation, which maximizes funds available for programs. This commitment to minimizing administrative overhead contributes to a high degree of financial transparency and efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Stonington 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: 90%
fundraising: 0%

According to IRS 990 filings, Stonington Public Library 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

No officer compensation has been reported in any of the seven available filings, indicating that executive leadership is likely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of this 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 Stonington Public Library's IRS 990 filings:

No specific red flags identified based on the provided financial data.

Strengths

The following positive indicators were identified for Stonington Public Library:

Consistent asset growth from $201,148 in 2017 to $324,151 in 2023.
Very low liabilities, consistently under $1,000 across all filings.
0% reported officer compensation, maximizing funds for programs.
Expenses consistently lower than revenue, indicating sound financial management.
Steady revenue stream, demonstrating consistent community support.

Frequently Asked Questions about Stonington Public Library

Is Stonington Public Library a good charity?

Based on the IRS 990 data, Stonington Public Library appears to be a very good charity. It demonstrates strong financial health with growing assets, low liabilities, and no reported officer compensation, indicating a high percentage of funds likely go directly to its mission.

How has the library's financial health changed over time?

The library's financial health has improved consistently. Assets have grown from $201,148 in 2017 to $324,151 in 2023, and revenue has generally increased, showing sustained community support and effective financial management.

What is the library's approach to executive compensation?

The library reports 0% officer compensation across all seven filings, suggesting a volunteer-driven leadership model or that compensation is structured in a way that does not fall under 'officer compensation' on the 990, which is highly efficient.

Filing History

IRS 990 filing history for Stonington Public Library showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2017–2023), Stonington Public Library's revenue has declined by 10.9%, moving from $115K to $102K. Total assets increased by 61.2% over the same period, from $201K to $324K. Total functional expenses rose by 133.1%, from $38K to $88K. In its most recent filing year (2023), Stonington Public Library reported a surplus of $14K, with revenue exceeding expenses. The organization holds $842 in liabilities against $324K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $323K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$102K	$88K	$324K	$842	—	View 990
2022	$94K	$81K	$309K	$737	—	View 990
2021	$92K	$61K	$293K	$481	—	View 990
2020	$72K	$43K	$260K	$440	—	View 990
2019	$41K	$41K	$231K	$613	—	View 990
2018	$73K	$44K	$230K	$168	—	View 990
2017	$115K	$38K	$201K	$169	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $102K, expenses of $88K, and assets of $324K (revenue +8.7% year-over-year).
2022: Revenue of $94K, expenses of $81K, and assets of $309K (revenue +2.0% year-over-year).
2021: Revenue of $92K, expenses of $61K, and assets of $293K (revenue +27.2% year-over-year).
2020: Revenue of $72K, expenses of $43K, and assets of $260K (revenue +74.9% year-over-year).
2019: Revenue of $41K, expenses of $41K, and assets of $231K (revenue -43.2% year-over-year).
2018: Revenue of $73K, expenses of $44K, and assets of $230K (revenue -36.5% year-over-year).
2017: Revenue of $115K, expenses of $38K, and assets of $201K.

Data Sources and Methodology

This transparency report for Stonington 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.