Thompson Free Library Fbo
Thompson Free Library Fbo maintains stable assets with minimal liabilities and no reported officer compensation.
EIN: 16030840 · Damariscotta, ME · Updated: 2026-03-28
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Thompson Free Library Fbo is mapped to EIN 16030840.
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90% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $86K |
| Total Expenses | $22K |
| Program Spending | 90% |
| Net Assets | $385K |
| Transparency Score | 92/100 |
Search Intent Cockpit
Thompson Free Library Fbo Form 990, Revenue, CEO Pay, and IRS Filing Signals
Thompson Free Library Fbo 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 Thompson Free Library Fbo in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $14K and expenses of $22K.
Revenue and Expenses
Thompson Free Library Fbo reported $14K in revenue and $22K in expenses, a deficit of $8K.
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 Thompson Free Library Fbo 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
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 | $20K (90%) |
Across stored filings, Thompson Free Library Fbo 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 | 10 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
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Damariscotta, ME nonprofitsFollow the Money
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Thompson Free Library Fbo directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thompson Free Library Fbo
Thompson Free Library Fbo (EIN: 16030840) is a nonprofit organization based in Damariscotta, ME. The organization reported total revenue of $86K and total assets of $399K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thompson Free Library Fbo's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thompson Free Library Fbo is a micro nonprofit that has been operating for 62 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $22K |
| Surplus / Deficit | $-7,682 |
| Total Assets | $385K |
| Total Liabilities | $1 |
| Net Assets | $385K |
| Operating Margin | -53.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 210.5 months |
Financial Health Grade: B
In 2023, Thompson Free Library Fbo reported a deficit of $8K with expenses exceeding revenue, holds 210.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Thompson Free Library Fbo's revenue has declined at a compound annual growth rate (CAGR) of -6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.2% | -12.3% | -2.0% |
| 2022 | +15.1% | +18.9% | -2.2% |
| 2021 | -35.6% | -4.1% | -1.7% |
| 2020 | -3.0% | +91.5% | +0.0% |
| 2019 | +34.1% | +72.4% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 Thompson Free Library Fbo 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, Thompson Free Library Fbo 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 $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated by an external entity, which is highly efficient 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.
Strengths
The following positive indicators were identified for Thompson Free Library Fbo:
- Strong financial solvency with assets significantly exceeding liabilities (e.g., $385,322 assets vs. $1 liability in 2023).
- Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
- Long history of IRS 990 filings (10 filings), demonstrating commitment to transparency.
- Stable asset base around $400,000, providing long-term financial security.
- Minimal liabilities ($1 across most recent filings) indicating excellent financial health.
Frequently Asked Questions about Thompson Free Library Fbo
Is Thompson Free Library Fbo a legitimate charity?
Thompson Free Library Fbo (EIN: 16030840) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $86K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Thompson Free Library Fbo spend its money?
Thompson Free Library Fbo directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Thompson Free Library Fbo tax-deductible?
Thompson Free Library Fbo is registered as a tax-exempt nonprofit (EIN: 16030840). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thompson Free Library Fbo located?
Thompson Free Library Fbo is headquartered in Damariscotta, Maine and files with the IRS under EIN 16030840.
How many years of IRS 990 filings does Thompson Free Library Fbo have?
Thompson Free Library Fbo has 10 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 $86K in total revenue.
Is Thompson Free Library Fbo a good charity?
Based on the available data, Thompson Free Library Fbo appears to be a well-managed organization with strong financial stability, minimal liabilities, and no reported officer compensation, suggesting a high degree of efficiency and dedication to its mission.
How does Thompson Free Library Fbo manage its assets?
The organization consistently maintains a substantial asset base, around $400,000, significantly higher than its annual revenues and expenses. This suggests effective management of an endowment or investments to support its long-term operations.
What is the trend in Thompson Free Library Fbo's revenue and expenses?
Over the past five years (2019-2023), revenues have ranged from $14,283 to $22,596, and expenses from $11,469 to $25,058. While there are fluctuations, the organization generally operates within its means, with expenses often close to or slightly exceeding revenue in some years, indicating consistent operational activity.
Filing History
IRS 990 filing history for Thompson Free Library Fbo showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Thompson Free Library Fbo's revenue has declined by 53.5%, moving from $31K to $14K. Total assets increased by 5.7% over the same period, from $365K to $385K. Total functional expenses fell by 1.9%, from $22K to $22K. In its most recent filing year (2023), Thompson Free Library Fbo reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1 in liabilities against $385K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $385K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $22K | $385K | $1 | — | — |
| 2022 | $16K | $25K | $393K | $1 | — | — |
| 2021 | $14K | $21K | $402K | $1 | — | — |
| 2020 | $22K | $22K | $409K | $1 | — | — |
| 2019 | $23K | $11K | $409K | $1 | — | View 990 |
| 2015 | $17K | $7K | $419K | $1 | — | View 990 |
| 2014 | $51K | $28K | $408K | $0 | — | View 990 |
| 2013 | $20K | $24K | $385K | $0 | — | View 990 |
| 2012 | $47K | $22K | $389K | $0 | — | View 990 |
| 2011 | $31K | $22K | $365K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $22K, and assets of $385K (revenue -12.2% year-over-year).
- 2022: Revenue of $16K, expenses of $25K, and assets of $393K (revenue +15.1% year-over-year).
- 2021: Revenue of $14K, expenses of $21K, and assets of $402K (revenue -35.6% year-over-year).
- 2020: Revenue of $22K, expenses of $22K, and assets of $409K (revenue -3.0% year-over-year).
- 2019: Revenue of $23K, expenses of $11K, and assets of $409K (revenue +34.1% year-over-year).
- 2015: Revenue of $17K, expenses of $7K, and assets of $419K (revenue -67.2% year-over-year).
- 2014: Revenue of $51K, expenses of $28K, and assets of $408K (revenue +156.1% year-over-year).
- 2013: Revenue of $20K, expenses of $24K, and assets of $385K (revenue -57.8% year-over-year).
- 2012: Revenue of $47K, expenses of $22K, and assets of $389K (revenue +54.7% year-over-year).
- 2011: Revenue of $31K, expenses of $22K, and assets of $365K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thompson Free Library Fbo:
Data Sources and Methodology
This transparency report for Thompson Free Library Fbo 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.