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
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, The Cundys Harbor Library Inc (EIN: 16022964) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does The Cundys Harbor Library Inc spend its money?
The Cundys Harbor Library Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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.
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.
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.