The Cundys Harbor Library Inc
Cundys Harbor Library maintains stable assets and no executive compensation amidst fluctuating revenues.
EIN: 16022964 · Harpswell, ME · NTEE: E70 · Updated: 2026-03-28
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| Metric | Value |
|---|---|
| Total Revenue | $59K |
| Total Expenses | $51K |
| Program Spending | 90% |
| Net Assets | $230K |
| Transparency Score | 92/100 |
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The Cundys Harbor Library Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
The Cundys Harbor Library Inc 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 The Cundys Harbor Library Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $46K and expenses of $51K.
Revenue and Expenses
The Cundys Harbor Library Inc reported $46K in revenue and $51K in expenses, a deficit of $5K.
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, 0 red flags, and 5 strengths are shown from structured and AI review.
Is The Cundys Harbor Library Inc 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 | $46K (90%) |
Across stored filings, The Cundys Harbor Library Inc 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 B | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Health context |
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The Cundys Harbor Library Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Cundys Harbor Library Inc
The Cundys Harbor Library Inc (EIN: 16022964) is a nonprofit organization based in Harpswell, ME, classified under NTEE code E70. The organization reported total revenue of $59K and total assets of $228K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Cundys Harbor Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Cundys Harbor Library Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $46K |
| Total Expenses | $51K |
| Surplus / Deficit | $-5,060 |
| Total Assets | $231K |
| Total Liabilities | $1K |
| Net Assets | $230K |
| Operating Margin | -11.1% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 54.6 months |
Financial Health Grade: B
In 2023, The Cundys Harbor Library Inc reported a deficit of $5K with expenses exceeding revenue, holds 54.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Cundys Harbor Library Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.4% | +21.1% | -2.5% |
| 2022 | +5.1% | +33.3% | +7.9% |
| 2021 | -3.7% | +15.7% | +12.7% |
| 2020 | +24.6% | -45.2% | +18.5% |
| 2019 | +23.2% | +8.1% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 The Cundys Harbor Library Inc 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, The Cundys Harbor Library Inc 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 deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of this size and maximizes resources for its mission.
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 The Cundys Harbor Library Inc:
- Zero executive compensation, indicating volunteer leadership and high efficiency.
- Consistent growth in assets, from $164,421 in 2019 to $231,027 in 2023, demonstrating financial stability.
- Very low liabilities, consistently under $5,000, minimizing financial risk.
- Consistent IRS 990 filing history (13 filings), showing strong transparency and compliance.
- Strong program focus implied by the absence of executive compensation and small operational scale.
Frequently Asked Questions about The Cundys Harbor Library Inc
Is The Cundys Harbor Library Inc a legitimate charity?
The Cundys Harbor Library Inc (EIN: 16022964) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $59K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does The Cundys Harbor Library Inc spend its money?
The Cundys Harbor Library Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Cundys Harbor Library Inc tax-deductible?
The Cundys Harbor Library Inc is registered as a tax-exempt nonprofit (EIN: 16022964). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Cundys Harbor Library Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Cundys Harbor Library Inc is above average for NTEE category E70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Cundys Harbor Library Inc located?
The Cundys Harbor Library Inc is headquartered in Harpswell, Maine and files with the IRS under EIN 16022964. It is classified under NTEE code E70.
How many years of IRS 990 filings does The Cundys Harbor Library Inc have?
The Cundys Harbor Library Inc 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 $59K in total revenue.
Is The Cundys Harbor Library Inc a good charity?
Based on the available data, The Cundys Harbor Library Inc appears to be a very good charity. It has no executive compensation, low liabilities, and a growing asset base, indicating strong financial health and a commitment to its mission.
How does the library manage its finances given fluctuating revenues?
Despite revenues fluctuating between $31,477 and $58,186 over the past decade, the library has consistently grown its assets, from $171,146 in 2014 to $231,027 in 2023, suggesting effective financial management and possibly reliance on reserves or endowments to smooth operations.
What is the trend in the library's expenses?
Expenses have generally increased over the past decade, from $34,812 in 2014 to $50,817 in 2023, likely reflecting increased operational costs or expanded services, though they remain well-managed relative to assets.
Filing History
IRS 990 filing history for The Cundys Harbor Library Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Cundys Harbor Library Inc's revenue has grown by 48.3%, moving from $31K to $46K. Total assets increased by 40.9% over the same period, from $164K to $231K. Total functional expenses rose by 161.1%, from $19K to $51K. In its most recent filing year (2023), The Cundys Harbor Library Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1K in liabilities against $231K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $230K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $46K | $51K | $231K | $1K | — | — |
| 2022 | $58K | $42K | $237K | $2K | — | View 990 |
| 2021 | $55K | $31K | $220K | $796 | — | View 990 |
| 2020 | $57K | $27K | $195K | $5K | — | — |
| 2019 | $46K | $50K | $164K | $4K | — | View 990 |
| 2018 | $37K | $46K | $165K | $2K | — | View 990 |
| 2017 | $36K | $39K | $173K | $1K | — | View 990 |
| 2016 | $34K | $36K | $176K | $1K | — | View 990 |
| 2015 | $44K | $37K | $179K | $2K | — | View 990 |
| 2014 | $31K | $35K | $171K | $563 | — | View 990 |
| 2013 | $27K | $26K | $174K | $187 | — | View 990 |
| 2012 | $32K | $23K | $173K | $241 | — | View 990 |
| 2011 | $31K | $19K | $164K | $121 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46K, expenses of $51K, and assets of $231K (revenue -21.4% year-over-year).
- 2022: Revenue of $58K, expenses of $42K, and assets of $237K (revenue +5.1% year-over-year).
- 2021: Revenue of $55K, expenses of $31K, and assets of $220K (revenue -3.7% year-over-year).
- 2020: Revenue of $57K, expenses of $27K, and assets of $195K (revenue +24.6% year-over-year).
- 2019: Revenue of $46K, expenses of $50K, and assets of $164K (revenue +23.2% year-over-year).
- 2018: Revenue of $37K, expenses of $46K, and assets of $165K (revenue +5.1% year-over-year).
- 2017: Revenue of $36K, expenses of $39K, and assets of $173K (revenue +3.6% year-over-year).
- 2016: Revenue of $34K, expenses of $36K, and assets of $176K (revenue -21.2% year-over-year).
- 2015: Revenue of $44K, expenses of $37K, and assets of $179K (revenue +38.6% year-over-year).
- 2014: Revenue of $31K, expenses of $35K, and assets of $171K (revenue +16.9% year-over-year).
- 2013: Revenue of $27K, expenses of $26K, and assets of $174K (revenue -15.5% year-over-year).
- 2012: Revenue of $32K, expenses of $23K, and assets of $173K (revenue +3.4% year-over-year).
- 2011: Revenue of $31K, expenses of $19K, and assets of $164K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Cundys Harbor Library Inc:
Data Sources and Methodology
This transparency report for The Cundys Harbor Library Inc 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.