York Harbor Reading Room
York Harbor Reading Room consistently operates with minor deficits but maintains strong assets and zero executive compensation.
EIN: 10186375 · York Harbor, ME · Updated: 2026-03-28
Is York Harbor Reading Room Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
York Harbor Reading Room directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About York Harbor Reading Room
York Harbor Reading Room (EIN: 10186375) is a nonprofit organization based in York Harbor, ME. The organization reported total revenue of $1.4M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of York Harbor Reading Room's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates York Harbor Reading Room with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, York Harbor Reading Room allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The York Harbor Reading Room reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization of its size, with over $1 million in annual revenue, suggesting a volunteer-led executive structure.
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 York Harbor Reading Room's IRS 990 filings:
- Consistent minor operating deficits in recent years (e.g., 2023, 2022, 2021)
- NTEE code is unknown, making direct peer comparison difficult
Strengths
The following positive indicators were identified for York Harbor Reading Room:
- Zero officer compensation reported across all filings, indicating strong financial stewardship
- Healthy asset-to-liability ratio ($1,611,540 assets vs. $219,380 liabilities in 2023)
- Consistent IRS 990 filing history (13 filings) demonstrating transparency and compliance
- Stable revenue growth over the past decade, from $735,555 in 2014 to $1,072,121 in 2023
Frequently Asked Questions about York Harbor Reading Room
Is York Harbor Reading Room a legitimate charity?
Based on AI analysis of IRS 990 filings, York Harbor Reading Room (EIN: 10186375) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does York Harbor Reading Room spend its money?
York Harbor Reading Room directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to York Harbor Reading Room tax-deductible?
York Harbor Reading Room is registered as a tax-exempt nonprofit (EIN: 10186375). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the York Harbor Reading Room financially stable?
Yes, despite experiencing minor operating deficits in recent years (e.g., $1,072,121 revenue vs. $1,129,386 expenses in 2023), the organization maintains a strong asset base ($1,611,540 in 2023) significantly exceeding its liabilities ($219,380), indicating good financial stability.
How does the organization manage executive compensation?
The organization reports 0% officer compensation across all 13 available filings, meaning no salaries are paid to its officers. This suggests a volunteer-driven leadership model.
Are the recent operating deficits a concern?
While the organization has shown slight operating deficits in recent years (e.g., $57,265 in 2023), these are relatively small compared to its overall revenue and asset base. The strong asset-to-liability ratio provides a buffer, but consistent deficits could warrant closer examination of expense management over the long term.
Filing History
IRS 990 filing history for York Harbor Reading Room showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), York Harbor Reading Room's revenue has grown by 59.3%, moving from $673K to $1.1M. Total assets increased by 14.7% over the same period, from $1.4M to $1.6M. Total functional expenses rose by 57.5%, from $717K to $1.1M. In its most recent filing year (2023), York Harbor Reading Room reported a deficit of $57K, with expenses exceeding revenue. The organization holds $219K in liabilities against $1.6M in assets (debt-to-asset ratio: 13.6%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $1.6M | $219K | — | View 990 |
| 2022 | $982K | $1.0M | $1.7M | $308K | — | View 990 |
| 2021 | $943K | $960K | $1.4M | $239K | — | View 990 |
| 2020 | $682K | $704K | $1.2M | $71K | — | View 990 |
| 2019 | $869K | $933K | $1.2M | $52K | — | View 990 |
| 2018 | $806K | $895K | $1.2M | $58K | — | View 990 |
| 2017 | $785K | $788K | $1.3M | $77K | — | View 990 |
| 2016 | $748K | $795K | $1.3M | $66K | — | View 990 |
| 2015 | $773K | $839K | $1.3M | $61K | — | View 990 |
| 2014 | $736K | $800K | $1.4M | $102K | — | View 990 |
| 2013 | $707K | $767K | $1.4M | $89K | — | View 990 |
| 2012 | $738K | $762K | $1.4M | $72K | — | View 990 |
| 2011 | $673K | $717K | $1.4M | $73K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $1.6M (revenue +9.2% year-over-year).
- 2022: Revenue of $982K, expenses of $1.0M, and assets of $1.7M (revenue +4.1% year-over-year).
- 2021: Revenue of $943K, expenses of $960K, and assets of $1.4M (revenue +38.3% year-over-year).
- 2020: Revenue of $682K, expenses of $704K, and assets of $1.2M (revenue -21.5% year-over-year).
- 2019: Revenue of $869K, expenses of $933K, and assets of $1.2M (revenue +7.8% year-over-year).
- 2018: Revenue of $806K, expenses of $895K, and assets of $1.2M (revenue +2.7% year-over-year).
- 2017: Revenue of $785K, expenses of $788K, and assets of $1.3M (revenue +4.9% year-over-year).
- 2016: Revenue of $748K, expenses of $795K, and assets of $1.3M (revenue -3.2% year-over-year).
- 2015: Revenue of $773K, expenses of $839K, and assets of $1.3M (revenue +5.1% year-over-year).
- 2014: Revenue of $736K, expenses of $800K, and assets of $1.4M (revenue +4.0% year-over-year).
- 2013: Revenue of $707K, expenses of $767K, and assets of $1.4M (revenue -4.2% year-over-year).
- 2012: Revenue of $738K, expenses of $762K, and assets of $1.4M (revenue +9.7% year-over-year).
- 2011: Revenue of $673K, expenses of $717K, and assets of $1.4M.
Data Sources and Methodology
This transparency report for York Harbor Reading Room 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.