Wayne Library Association

Wayne Library Association consistently operates with zero officer compensation and growing assets.

EIN: 16010995 · Wayne, ME · Updated: 2026-03-28

$586KRevenue

$1.8MAssets

95/100Mission Score (Excellent)

About Wayne Library Association

Wayne Library Association (EIN: 16010995) is a nonprofit organization based in Wayne, ME. The organization reported total revenue of $586K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wayne Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Wayne Library Association demonstrates consistent financial stability and a strong commitment to its mission, as evidenced by its IRS 990 filings. Over the past decade, the organization has maintained a healthy asset base, growing from $1,089,873 in 2016 to $1,603,778 in 2023. Annual revenues have generally exceeded expenses, allowing for this asset growth, with the latest filing showing revenues of $143,596 against expenses of $124,240. This indicates prudent financial management and an ability to operate within its means.

The organization's spending efficiency appears high, particularly given that officer compensation has consistently been reported as 0% across all available filings. This suggests that resources are primarily directed towards program services and operational costs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a strong indicator of a lean operational structure.

Transparency is excellent, with 13 filings available, demonstrating a long history of public accountability. The consistent reporting of 0% officer compensation enhances trust and indicates a volunteer-driven or very modestly compensated leadership structure, which is often a hallmark of highly efficient smaller nonprofits. The low liabilities across all periods also point to sound financial practices and minimal debt.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Wayne Library Association with a Mission Score of 95 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: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Wayne Library Association allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization or one where leadership is compensated through other means not classified as officer compensation, which is highly efficient for an organization of its size with assets over $1.6 million.

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 Wayne Library Association:

Consistent 0% officer compensation across all filings, indicating high efficiency.
Healthy and growing asset base, increasing from $1,089,873 in 2016 to $1,603,778 in 2023.
Generally positive operating margins, with revenues often exceeding expenses (e.g., $19,356 surplus in 2023).
Low liabilities across all periods, demonstrating sound financial management.
Extensive filing history (13 filings) indicating strong transparency and accountability.

Frequently Asked Questions about Wayne Library Association

Is Wayne Library Association a good charity?

Based on the provided IRS 990 data, Wayne Library Association appears to be a very good charity. It consistently reports 0% officer compensation, maintains a healthy and growing asset base (from $1,089,873 in 2016 to $1,603,778 in 2023), and generally operates with revenues exceeding expenses, indicating strong financial health and efficient use of resources.

How has the organization's financial health changed over time?

The organization's financial health has steadily improved. Assets have grown from $1,089,873 in 2016 to $1,603,778 in 2023. While revenue fluctuates, expenses have been consistently managed, leading to net positive operating results in most years, such as $19,356 in 2023 ($143,596 revenue - $124,240 expenses).

What is the organization's approach to executive compensation?

The Wayne Library Association reports 0% officer compensation in all available filings, suggesting that its leadership is either entirely volunteer-based or compensated through mechanisms not categorized as officer compensation, which is a strong indicator of resource efficiency.

Filing History

IRS 990 filing history for Wayne Library Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Wayne Library Association's revenue has declined by 50.8%, moving from $292K to $144K. Total assets increased by 63.2% over the same period, from $983K to $1.6M. Total functional expenses rose by 71.5%, from $72K to $124K. In its most recent filing year (2023), Wayne Library Association reported a surplus of $19K, with revenue exceeding expenses. The organization holds $4K in liabilities against $1.6M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$144K	$124K	$1.6M	$4K	—	—
2022	$126K	$133K	$1.5M	$3K	—	View 990
2021	$154K	$104K	$1.7M	$4K	—	View 990
2020	$126K	$122K	$1.6M	$15K	—	—
2019	$159K	$119K	$1.5M	$8K	—	View 990
2018	$107K	$97K	$1.4M	$4K	—	View 990
2017	$312K	$98K	$1.4M	$2K	—	View 990
2016	$58K	$89K	$1.1M	$2K	—	View 990
2015	$122K	$93K	$1.1M	$13K	—	View 990
2014	$175K	$87K	$1.1M	$2K	—	View 990
2013	$101K	$127K	$1.1M	$115K	—	View 990
2012	$258K	$220K	$1.2M	$2K	—	View 990
2011	$292K	$72K	$983K	$1K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $144K, expenses of $124K, and assets of $1.6M (revenue +14.3% year-over-year).
2022: Revenue of $126K, expenses of $133K, and assets of $1.5M (revenue -18.4% year-over-year).
2021: Revenue of $154K, expenses of $104K, and assets of $1.7M (revenue +22.3% year-over-year).
2020: Revenue of $126K, expenses of $122K, and assets of $1.6M (revenue -20.8% year-over-year).
2019: Revenue of $159K, expenses of $119K, and assets of $1.5M (revenue +48.6% year-over-year).
2018: Revenue of $107K, expenses of $97K, and assets of $1.4M (revenue -65.8% year-over-year).
2017: Revenue of $312K, expenses of $98K, and assets of $1.4M (revenue +435.5% year-over-year).
2016: Revenue of $58K, expenses of $89K, and assets of $1.1M (revenue -52.0% year-over-year).
2015: Revenue of $122K, expenses of $93K, and assets of $1.1M (revenue -30.6% year-over-year).
2014: Revenue of $175K, expenses of $87K, and assets of $1.1M (revenue +74.3% year-over-year).
2013: Revenue of $101K, expenses of $127K, and assets of $1.1M (revenue -61.1% year-over-year).
2012: Revenue of $258K, expenses of $220K, and assets of $1.2M (revenue -11.6% year-over-year).
2011: Revenue of $292K, expenses of $72K, and assets of $983K.

Data Sources and Methodology

This transparency report for Wayne 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.