Wayne Library Association

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Wayne Library Association Form 990, Revenue, CEO Pay, and IRS Filing Signals

Wayne Library Association 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 Wayne Library Association in one place.

Is Wayne Library Association 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

Across stored filings, Wayne Library Association shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Wayne Library Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Wayne Library Association is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.7%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Wayne Library Association reported a surplus of $19K with revenue exceeding expenses, holds 154.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Wayne Library Association's revenue has declined at a compound annual growth rate (CAGR) of -5.7%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $19K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.2%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Wayne Library Association:

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.