Walker Memorial Library Trust
Walker Memorial Library Trust maintains strong asset growth with minimal expenses and no executive compensation.
EIN: 10460437 · Westbrook, ME · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5K |
| Total Expenses | $1K |
| Program Spending | 95% |
| Net Assets | $126K |
| Transparency Score | 90/100 |
Search Intent Cockpit
Walker Memorial Library Trust Form 990, Revenue, CEO Pay, and IRS Filing Signals
Walker Memorial Library Trust 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 Walker Memorial Library Trust in one place.
Form 990 Filing Summary
11 filing years are available, with latest revenue of $5K and expenses of $1K.
Revenue and Expenses
Walker Memorial Library Trust reported $5K in revenue and $1K in expenses, a surplus of $4K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
90/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Walker Memorial Library Trust 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 | $1K (95%) |
Across stored filings, Walker Memorial Library Trust shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 95% to programs | Excellent |
| Financial durability | Grade A | 11 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Education context |
Trust Check
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Local and Sector Spokes
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Westbrook, ME nonprofitsEducation in Maine
Education in Maine
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Donation Decision Flow
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Appears Legitimate. Check deductibility, filings, and red flags.
2Understand money
95% of spending goes to programs.
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Keep the Investigation Moving
Walker Memorial Library Trust directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Walker Memorial Library Trust
Walker Memorial Library Trust (EIN: 10460437) is a nonprofit organization based in Westbrook, ME, classified under NTEE code B11. The organization reported total revenue of $5K and total assets of $126K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Walker Memorial Library Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Walker Memorial Library Trust is a micro nonprofit that has been operating for 10 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $1K |
| Surplus / Deficit | +$4K |
| Total Assets | $126K |
| Net Assets | $126K |
| Operating Margin | 74.4% |
| Months of Reserves | 1094.8 months |
Financial Health Grade: A
In 2023, Walker Memorial Library Trust reported a surplus of $4K with revenue exceeding expenses, holds 1094.8 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2010–2023), Walker Memorial Library Trust's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +73.6% | -74.6% | +16.3% |
| 2022 | -66.3% | +61.5% | -17.5% |
| 2021 | +140.6% | — | +9.1% |
| 2020 | +18.6% | — | +10.7% |
| 2019 | -43.5% | -100.0% | +17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
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 Walker Memorial Library Trust 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Walker Memorial Library Trust allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $4K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly efficient for a trust 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 Walker Memorial Library Trust:
- Consistent asset growth (from $30,409 in 2011 to $126,448 in 2023)
- Extremely low operating expenses (e.g., $1,386 in 2023 against $5,408 revenue)
- 0% officer compensation reported across all filings
- No reported liabilities, indicating strong financial health
- Consistent IRS 990 filing history demonstrating transparency
Frequently Asked Questions about Walker Memorial Library Trust
Is Walker Memorial Library Trust a legitimate charity?
Walker Memorial Library Trust (EIN: 10460437) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 11 years of IRS 990 filings on record. Total revenue: $5K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Walker Memorial Library Trust spend its money?
Walker Memorial Library Trust directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Walker Memorial Library Trust tax-deductible?
Walker Memorial Library Trust is registered as a tax-exempt nonprofit (EIN: 10460437). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Walker Memorial Library Trust compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Walker Memorial Library Trust is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Walker Memorial Library Trust located?
Walker Memorial Library Trust is headquartered in Westbrook, Maine and files with the IRS under EIN 10460437. It is classified under NTEE code B11.
How many years of IRS 990 filings does Walker Memorial Library Trust have?
Walker Memorial Library Trust has 11 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 $5K in total revenue.
Is Walker Memorial Library Trust a good charity?
Yes, the Walker Memorial Library Trust appears to be a very good charity, especially for its specific purpose. It demonstrates excellent financial health, consistent asset growth, and extremely low overhead, with 0% officer compensation reported across all filings. Its primary function seems to be to grow and manage an endowment to support the library, which it does efficiently.
How does the trust manage its expenses?
The trust manages its expenses exceptionally well, often reporting very low or zero expenses in several periods (e.g., $0 in 2019 and 2020). In 2023, expenses were only $1,386 against $5,408 in revenue, indicating a highly cost-effective operation.
What is the trend in the trust's assets?
The trust shows a strong upward trend in assets, growing from $30,409 in 2011 to $126,448 in 2023. This indicates effective long-term financial management and growth of its endowment.
Does the trust have any liabilities?
No, the Walker Memorial Library Trust consistently reports $0 in liabilities across all available filing periods, indicating a very strong and unencumbered financial position.
Filing History
IRS 990 filing history for Walker Memorial Library Trust showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Walker Memorial Library Trust's revenue has grown by 267.6%, moving from $1K to $5K. Total assets increased by 310% over the same period, from $31K to $126K. Total functional expenses rose by 273.6%, from $371 to $1K. In its most recent filing year (2023), Walker Memorial Library Trust reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5K | $1K | $126K | $0 | — | View 990 |
| 2022 | $3K | $5K | $109K | $0 | — | View 990 |
| 2021 | $9K | $3K | $132K | $0 | — | View 990 |
| 2020 | $4K | $0 | $121K | $0 | — | — |
| 2019 | $3K | $0 | $109K | $0 | — | View 990 |
| 2018 | $6K | $2K | $93K | $0 | — | View 990 |
| 2017 | $5K | $1K | $100K | $0 | — | View 990 |
| 2013 | $2K | $2K | $36K | $0 | — | View 990 |
| 2012 | $1K | $3K | $31K | $0 | — | View 990 |
| 2011 | $1K | $458 | $30K | $0 | — | View 990 |
| 2010 | $1K | $371 | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5K, expenses of $1K, and assets of $126K (revenue +73.6% year-over-year).
- 2022: Revenue of $3K, expenses of $5K, and assets of $109K (revenue -66.3% year-over-year).
- 2021: Revenue of $9K, expenses of $3K, and assets of $132K (revenue +140.6% year-over-year).
- 2020: Revenue of $4K, expenses of $0, and assets of $121K (revenue +18.6% year-over-year).
- 2019: Revenue of $3K, expenses of $0, and assets of $109K (revenue -43.5% year-over-year).
- 2018: Revenue of $6K, expenses of $2K, and assets of $93K (revenue +5.1% year-over-year).
- 2017: Revenue of $5K, expenses of $1K, and assets of $100K (revenue +161.4% year-over-year).
- 2013: Revenue of $2K, expenses of $2K, and assets of $36K (revenue +58.3% year-over-year).
- 2012: Revenue of $1K, expenses of $3K, and assets of $31K (revenue -3.9% year-over-year).
- 2011: Revenue of $1K, expenses of $458, and assets of $30K (revenue -6.6% year-over-year).
- 2010: Revenue of $1K, expenses of $371, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Walker Memorial Library Trust:
Data Sources and Methodology
This transparency report for Walker Memorial Library Trust 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.