Vose Library
Vose Library maintains stable finances and strong asset base with volunteer leadership.
EIN: 10364464 · Union, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $133K |
| Total Expenses | $89K |
| Program Spending | 85% |
| Net Assets | $775K |
| Transparency Score | 90/100 |
Is Vose Library Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vose Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vose Library
Vose Library (EIN: 10364464) is a nonprofit organization based in Union, ME. The organization reported total revenue of $133K and total assets of $809K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vose Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vose Library is a small nonprofit that has been operating for 47 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $134K |
| Total Expenses | $89K |
| Surplus / Deficit | +$45K |
| Total Assets | $777K |
| Total Liabilities | $2K |
| Net Assets | $775K |
| Operating Margin | 33.7% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 104.6 months |
Financial Health Grade: A
In 2023, Vose Library reported a surplus of $45K with revenue exceeding expenses, holds 104.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Vose Library's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.6% | -18.1% | +7.0% |
| 2022 | +0.2% | +22.9% | -5.3% |
| 2021 | +67.2% | +9.1% | +3.8% |
| 2020 | -27.4% | -12.9% | -2.9% |
| 2019 | -3.6% | +17.2% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1979 |
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 Vose Library with a Mission Score of 90 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Vose Library allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 surplus of $45K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is likely run by volunteers or has very minimal, non-reportable compensation for its leadership, which is excellent for a nonprofit 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.
Strengths
The following positive indicators were identified for Vose Library:
- Consistent IRS 990 filing history, indicating strong transparency.
- Zero officer compensation reported across all filings, maximizing funds for programs.
- Healthy asset base, consistently over $700,000, providing financial stability.
- Positive net income in recent years (e.g., $45,228 surplus in 2023), contributing to sustainability.
- Low liabilities, demonstrating strong financial management and minimal debt.
Frequently Asked Questions about Vose Library
Is Vose Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Vose Library (EIN: 10364464) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Vose Library spend its money?
Vose Library directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vose Library tax-deductible?
Vose Library is registered as a tax-exempt nonprofit (EIN: 10364464). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vose Library located?
Vose Library is headquartered in Union, Maine and files with the IRS under EIN 10364464.
How many years of IRS 990 filings does Vose Library have?
Vose Library has 12 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 $133K in total revenue.
Is Vose Library a good charity?
Based on the available financial data, Vose Library appears to be a very good charity. It maintains a strong asset base, manages expenses effectively, and reports 0% officer compensation, indicating a high dedication of resources to its mission.
How has Vose Library's revenue trended over the past few years?
Vose Library's revenue has shown some fluctuation but a general upward trend in recent years, increasing from $57,446 in 2020 to $134,339 in 2023, demonstrating improved financial support.
What is the organization's asset-to-liability ratio?
In 2023, Vose Library had assets of $776,877 and liabilities of $1,919, resulting in a very strong asset-to-liability ratio, indicating excellent financial solvency and minimal debt.
Filing History
IRS 990 filing history for Vose Library showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Vose Library's revenue has grown by 83.1%, moving from $73K to $134K. Total assets decreased by 11.3% over the same period, from $876K to $777K. Total functional expenses rose by 23.4%, from $72K to $89K. In its most recent filing year (2023), Vose Library reported a surplus of $45K, with revenue exceeding expenses. The organization holds $2K in liabilities against $777K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $775K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $134K | $89K | $777K | $2K | — | View 990 |
| 2022 | $96K | $109K | $726K | $2K | — | View 990 |
| 2021 | $96K | $89K | $766K | $1K | — | View 990 |
| 2020 | $57K | $81K | $739K | $4K | — | View 990 |
| 2019 | $79K | $93K | $760K | $2K | — | View 990 |
| 2018 | $82K | $79K | $771K | $791 | — | View 990 |
| 2017 | $70K | $81K | $770K | $1K | — | View 990 |
| 2016 | $72K | $87K | $775K | $0 | — | View 990 |
| 2015 | $79K | $80K | $838K | $47K | — | View 990 |
| 2014 | $68K | $72K | $858K | $60K | — | View 990 |
| 2013 | $83K | $91K | $858K | $65K | — | View 990 |
| 2012 | $73K | $72K | $876K | $75K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $134K, expenses of $89K, and assets of $777K (revenue +39.6% year-over-year).
- 2022: Revenue of $96K, expenses of $109K, and assets of $726K (revenue +0.2% year-over-year).
- 2021: Revenue of $96K, expenses of $89K, and assets of $766K (revenue +67.2% year-over-year).
- 2020: Revenue of $57K, expenses of $81K, and assets of $739K (revenue -27.4% year-over-year).
- 2019: Revenue of $79K, expenses of $93K, and assets of $760K (revenue -3.6% year-over-year).
- 2018: Revenue of $82K, expenses of $79K, and assets of $771K (revenue +17.8% year-over-year).
- 2017: Revenue of $70K, expenses of $81K, and assets of $770K (revenue -3.0% year-over-year).
- 2016: Revenue of $72K, expenses of $87K, and assets of $775K (revenue -8.6% year-over-year).
- 2015: Revenue of $79K, expenses of $80K, and assets of $838K (revenue +16.4% year-over-year).
- 2014: Revenue of $68K, expenses of $72K, and assets of $858K (revenue -18.2% year-over-year).
- 2013: Revenue of $83K, expenses of $91K, and assets of $858K (revenue +12.5% year-over-year).
- 2012: Revenue of $73K, expenses of $72K, and assets of $876K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vose Library:
Data Sources and Methodology
This transparency report for Vose 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.