Toy Library Center
Toy Library Center reports zero revenue and assets in its latest filing, following years of deficit spending.
EIN: 10460311 · Rockland, ME · NTEE: A52 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $8K |
| Program Spending | 80% |
| Net Assets | $2K |
| Transparency Score | 40/100 |
Is Toy Library Center Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Toy Library Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Toy Library Center
Toy Library Center (EIN: 10460311) is a nonprofit organization based in Rockland, ME, classified under NTEE code A52. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Toy Library Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Toy Library Center is a micro nonprofit that has been operating for 7 years, with 2 years of IRS 990 filings on record (2014–2015). Revenue has grown at a compound annual rate of -70.2%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $8K |
| Surplus / Deficit | $-6,524 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -507.7% |
| Months of Reserves | 2.6 months |
Financial Health Grade: C
In 2015, Toy Library Center reported a deficit of $7K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2014–2015), Toy Library Center's revenue has declined at a compound annual growth rate (CAGR) of -70.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -70.2% | -1.5% | -79.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
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 Toy Library Center with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Toy Library Center allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation was reported as 0% in both available filings, indicating that the organization's leadership is likely volunteer-based, which is common for very small nonprofits.
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 Toy Library Center's IRS 990 filings:
- Zero revenue and assets in the latest filing, indicating potential inactivity.
- Consistent deficit spending in prior years (e.g., 2015 expenses $7,809 vs. revenue $1,285).
- Significant decline in assets from $8,187 in 2014 to $0 in the latest period.
Strengths
The following positive indicators were identified for Toy Library Center:
- No reported officer compensation, suggesting volunteer leadership.
- Two IRS 990 filings available, demonstrating some level of transparency during its active period.
Frequently Asked Questions about Toy Library Center
Is Toy Library Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Toy Library Center (EIN: 10460311) significant concerns. Mission Score: 40/100. 3 red flags identified, 2 strengths noted.
How does Toy Library Center spend its money?
Toy Library Center directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Toy Library Center tax-deductible?
Toy Library Center is registered as a tax-exempt nonprofit (EIN: 10460311). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Toy Library Center's spending goes to programs?
Toy Library Center directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Toy Library Center compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Toy Library Center is near average for NTEE category A52 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Toy Library Center located?
Toy Library Center is headquartered in Rockland, Maine and files with the IRS under EIN 10460311. It is classified under NTEE code A52.
How many years of IRS 990 filings does Toy Library Center have?
Toy Library Center has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Toy Library Center currently operational?
The latest filing showing $0 revenue and $0 assets suggests the organization may no longer be active or has significantly scaled down operations.
How did Toy Library Center fund its expenses in previous years?
In 2015, expenses ($7,809) significantly exceeded revenue ($1,285), and similarly in 2014, expenses ($7,930) exceeded revenue ($4,315). This deficit spending likely drew down prior assets or was covered by other non-reported income sources.
What caused the decline in assets from $8,187 in 2014 to $0 in the latest filing?
The consistent deficit spending, where expenses outpaced revenue, would have depleted assets over time, leading to the reported $0 assets in the latest period.
Filing History
IRS 990 filing history for Toy Library Center showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2014–2015), Toy Library Center's revenue has declined by 70.2%, moving from $4K to $1K. Total assets decreased by 79.7% over the same period, from $8K to $2K. Total functional expenses fell by 1.5%, from $8K to $8K. In its most recent filing year (2015), Toy Library Center reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $1K | $8K | $2K | $0 | — | View 990 |
| 2014 | $4K | $8K | $8K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Toy Library Center:
Data Sources and Methodology
This transparency report for Toy Library Center 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.