Washington Library Association
Washington Library Association consistently maintains financial surpluses and zero officer compensation, growing assets to nearly $700,000.
EIN: 10473601 · Washington, ME · NTEE: B70Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $91K |
| Total Expenses | $40K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $91,091 |
| Net Assets | $630K |
| Transparency Score | 90/100 |
Is Washington Library Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Washington Library Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Washington Library Association
Washington Library Association (EIN: 10473601) is a nonprofit organization based in Washington, ME, classified under NTEE code B70Z. The organization reported total revenue of $91K and total assets of $697K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washington Library Association is a micro nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $40K |
| Surplus / Deficit | +$28K |
| Total Assets | $630K |
| Total Liabilities | $383 |
| Net Assets | $630K |
| Operating Margin | 41.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 188.7 months |
Financial Health Grade: A
In 2023, Washington Library Association reported a surplus of $28K with revenue exceeding expenses, holds 188.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Washington Library Association's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +440.8% | -19.9% | +14.4% |
| 2022 | -87.9% | +29.0% | -19.0% |
| 2021 | -9.9% | +1.8% | +10.1% |
| 2020 | +27.7% | +6.7% | +25.3% |
| 2019 | +41.6% | -2.9% | +19.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Washington Library Association 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Washington Library Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. 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 $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization. This is highly efficient for an organization of its size, with current revenue of $91,091 and assets of $696,531, as it maximizes the proportion of funds available for programmatic activities.
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 Washington Library Association's IRS 990 filings:
- Revenue volatility (e.g., $12,651 in 2022 vs. $104,544 in 2021)
Strengths
The following positive indicators were identified for Washington Library Association:
- Consistent asset growth (from $367,029 in 2014 to $696,531 currently)
- Zero officer compensation, maximizing program efficiency
- Consistently low liabilities, indicating strong financial health
- Frequent financial surpluses (e.g., $28,347 surplus in 2023)
- Strong transparency with 13 years of IRS 990 filings
Frequently Asked Questions about Washington Library Association
Is Washington Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Washington Library Association (EIN: 10473601) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Washington Library Association spend its money?
Washington Library Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Washington Library Association tax-deductible?
Washington Library Association is registered as a tax-exempt nonprofit (EIN: 10473601). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Washington Library Association CEO make?
Washington Library Association's highest-compensated officer earns $91,091 annually. The organization reported $91K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Washington Library Association's spending goes to programs?
Washington Library Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Washington Library Association compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Washington Library Association is above average for NTEE category B70Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Washington Library Association located?
Washington Library Association is headquartered in Washington, Maine and files with the IRS under EIN 10473601. It is classified under NTEE code B70Z.
How many years of IRS 990 filings does Washington Library Association have?
Washington Library Association has 13 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 $91K in total revenue.
Is the Washington Library Association financially stable?
Yes, the Washington Library Association is financially stable. It has consistently grown its assets from $367,029 in 2014 to $696,531 currently, and typically operates with a surplus, such as in 2023 where revenue ($68,419) exceeded expenses ($40,072).
How does the organization manage executive compensation?
The organization reports 0% officer compensation across all available filings, indicating a volunteer-led structure, which is highly efficient for a nonprofit of its size.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, increasing from $367,029 in 2014 to $696,531 currently, demonstrating effective financial management and growth.
Is the organization efficient in its spending?
Yes, the organization appears highly efficient. With 0% officer compensation and consistent surpluses, a significant portion of its expenses are likely directed towards its programs and essential operations, as evidenced by the 2023 expenses of $40,072 against revenue of $68,419.
Are there any significant liabilities?
No, the organization consistently reports very low, often negligible, liabilities (e.g., $383 in 2023), indicating a very healthy balance sheet and low financial risk.
Filing History
IRS 990 filing history for Washington Library Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Washington Library Association's revenue has grown by 0.8%, moving from $68K to $68K. Total assets increased by 135% over the same period, from $268K to $630K. Total functional expenses fell by 12.6%, from $46K to $40K. In its most recent filing year (2023), Washington Library Association reported a surplus of $28K, with revenue exceeding expenses. The organization holds $383 in liabilities against $630K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $630K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $68K | $40K | $630K | $383 | — | — |
| 2022 | $13K | $50K | $551K | $677 | — | View 990 |
| 2021 | $105K | $39K | $680K | $403 | — | View 990 |
| 2020 | $116K | $38K | $618K | $4K | — | View 990 |
| 2019 | $91K | $36K | $493K | $0 | — | View 990 |
| 2018 | $64K | $37K | $411K | $0 | — | View 990 |
| 2017 | $66K | $38K | $430K | $0 | — | View 990 |
| 2016 | $57K | $37K | $369K | $0 | — | View 990 |
| 2015 | $50K | $36K | $354K | $-20 | — | View 990 |
| 2014 | $38K | $22K | $367K | $250 | — | View 990 |
| 2013 | $55K | $25K | $339K | $250 | — | View 990 |
| 2012 | $44K | $35K | $282K | $507 | — | View 990 |
| 2011 | $68K | $46K | $268K | $200 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $68K, expenses of $40K, and assets of $630K (revenue +440.8% year-over-year).
- 2022: Revenue of $13K, expenses of $50K, and assets of $551K (revenue -87.9% year-over-year).
- 2021: Revenue of $105K, expenses of $39K, and assets of $680K (revenue -9.9% year-over-year).
- 2020: Revenue of $116K, expenses of $38K, and assets of $618K (revenue +27.7% year-over-year).
- 2019: Revenue of $91K, expenses of $36K, and assets of $493K (revenue +41.6% year-over-year).
- 2018: Revenue of $64K, expenses of $37K, and assets of $411K (revenue -2.6% year-over-year).
- 2017: Revenue of $66K, expenses of $38K, and assets of $430K (revenue +15.4% year-over-year).
- 2016: Revenue of $57K, expenses of $37K, and assets of $369K (revenue +13.2% year-over-year).
- 2015: Revenue of $50K, expenses of $36K, and assets of $354K (revenue +33.6% year-over-year).
- 2014: Revenue of $38K, expenses of $22K, and assets of $367K (revenue -31.5% year-over-year).
- 2013: Revenue of $55K, expenses of $25K, and assets of $339K (revenue +24.9% year-over-year).
- 2012: Revenue of $44K, expenses of $35K, and assets of $282K (revenue -34.9% year-over-year).
- 2011: Revenue of $68K, expenses of $46K, and assets of $268K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Washington Library Association:
Data Sources and Methodology
This transparency report for Washington Library Association 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.