Wilton Free Library Association
Wilton Free Library Association maintains stable finances with growing assets and no reported officer compensation.
EIN: 10286579 · Wilton, ME · NTEE: B70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $191K |
| Total Expenses | $199K |
| Program Spending | 90% |
| Net Assets | $827K |
| Transparency Score | 92/100 |
Is Wilton Free Library Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wilton Free Library Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wilton Free Library Association
Wilton Free Library Association (EIN: 10286579) is a nonprofit organization based in Wilton, ME, classified under NTEE code B70. The organization reported total revenue of $191K and total assets of $921K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wilton Free Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wilton Free Library Association is a small nonprofit that has been operating for 2 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $197K |
| Total Expenses | $199K |
| Surplus / Deficit | $-1,312 |
| Total Assets | $843K |
| Total Liabilities | $16K |
| Net Assets | $827K |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 51.0 months |
Financial Health Grade: B
In 2023, Wilton Free Library Association reported a deficit of $1K with expenses exceeding revenue, holds 51.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wilton Free Library Association's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.9% | -2.0% | +1.8% |
| 2022 | +1.8% | -6.5% | -12.0% |
| 2021 | +19.5% | +33.0% | +14.7% |
| 2020 | +-0.0% | -5.3% | +2.4% |
| 2019 | -67.4% | +9.5% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| IRS Ruling Date | 2024 |
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 Wilton Free Library Association with a Mission Score of 92 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, Wilton Free 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 deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated at a level not requiring disclosure, which is highly efficient for an organization of its 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 Wilton Free Library Association:
- Consistent asset growth, from $601,266 in 2014 to $843,226 in 2023.
- 0% reported officer compensation across all filings, indicating highly efficient use of funds.
- Low liabilities across most periods, suggesting a healthy balance sheet.
- Consistent IRS 990 filing history, demonstrating transparency.
- Revenue generally aligns with expenses, indicating stable financial operations.
Frequently Asked Questions about Wilton Free Library Association
Is Wilton Free Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Wilton Free Library Association (EIN: 10286579) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Wilton Free Library Association spend its money?
Wilton Free Library Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wilton Free Library Association tax-deductible?
Wilton Free Library Association is registered as a tax-exempt nonprofit (EIN: 10286579). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wilton Free Library Association's spending goes to programs?
Wilton Free Library Association directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wilton Free Library Association compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Wilton Free Library Association is above average for NTEE category B70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wilton Free Library Association located?
Wilton Free Library Association is headquartered in Wilton, Maine and files with the IRS under EIN 10286579. It is classified under NTEE code B70.
How many years of IRS 990 filings does Wilton Free Library Association have?
Wilton Free 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 $191K in total revenue.
Is Wilton Free Library Association a good charity?
Based on its financial data, the Wilton Free Library Association appears to be a good charity. It demonstrates strong financial health with growing assets, low liabilities, and a consistent commitment to its mission, evidenced by the absence of reported officer compensation.
How does the organization manage its expenses relative to its revenue?
The organization generally manages its expenses closely to its revenue. While some years show minor deficits (e.g., 2023 expenses of $198,581 against revenue of $197,269), these are typically small and do not impede overall asset growth, suggesting effective financial planning and use of reserves.
What is the trend in the organization's assets?
The organization's assets have shown a positive growth trend, increasing from $601,266 in 2014 to $843,226 in 2023, indicating sound financial management and accumulation of resources over time.
Filing History
IRS 990 filing history for Wilton Free Library Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wilton Free Library Association's revenue has grown by 15.7%, moving from $171K to $197K. Total assets increased by 34.3% over the same period, from $628K to $843K. Total functional expenses rose by 15.5%, from $172K to $199K. In its most recent filing year (2023), Wilton Free Library Association reported a deficit of $1K, with expenses exceeding revenue. The organization holds $16K in liabilities against $843K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $827K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $197K | $199K | $843K | $16K | — | — |
| 2022 | $183K | $203K | $829K | $0 | — | — |
| 2021 | $180K | $217K | $942K | $4K | — | — |
| 2020 | $150K | $163K | $821K | $10K | — | View 990 |
| 2019 | $150K | $172K | $802K | $0 | — | View 990 |
| 2018 | $462K | $157K | $825K | $820 | — | View 990 |
| 2017 | $143K | $198K | $521K | $1K | — | View 990 |
| 2016 | $143K | $154K | $573K | $4K | — | View 990 |
| 2015 | $123K | $182K | $586K | $0 | — | View 990 |
| 2014 | $149K | $172K | $601K | $1K | — | View 990 |
| 2013 | $141K | $152K | $609K | $0 | — | View 990 |
| 2012 | $144K | $162K | $609K | $0 | — | View 990 |
| 2011 | $171K | $172K | $628K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $197K, expenses of $199K, and assets of $843K (revenue +7.9% year-over-year).
- 2022: Revenue of $183K, expenses of $203K, and assets of $829K (revenue +1.8% year-over-year).
- 2021: Revenue of $180K, expenses of $217K, and assets of $942K (revenue +19.5% year-over-year).
- 2020: Revenue of $150K, expenses of $163K, and assets of $821K (revenue +-0.0% year-over-year).
- 2019: Revenue of $150K, expenses of $172K, and assets of $802K (revenue -67.4% year-over-year).
- 2018: Revenue of $462K, expenses of $157K, and assets of $825K (revenue +222.4% year-over-year).
- 2017: Revenue of $143K, expenses of $198K, and assets of $521K (revenue +0.4% year-over-year).
- 2016: Revenue of $143K, expenses of $154K, and assets of $573K (revenue +15.9% year-over-year).
- 2015: Revenue of $123K, expenses of $182K, and assets of $586K (revenue -17.2% year-over-year).
- 2014: Revenue of $149K, expenses of $172K, and assets of $601K (revenue +5.4% year-over-year).
- 2013: Revenue of $141K, expenses of $152K, and assets of $609K (revenue -1.8% year-over-year).
- 2012: Revenue of $144K, expenses of $162K, and assets of $609K (revenue -15.7% year-over-year).
- 2011: Revenue of $171K, expenses of $172K, and assets of $628K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wilton Free Library Association:
Data Sources and Methodology
This transparency report for Wilton Free 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.