Louis T Graves Memorial Public Library Association
Only null% goes to programs Strong reserves Growing revenue
Louis T Graves Memorial Public Library Association is a 501(c)(3) organization based in Kennebunkport, Maine, registered in 1942, with $887,242 in FY2024 revenue. CharityIndex grades it B.
Po Box 391, Kennebunkport, ME, 04046 EIN 01-0262394 Since 1942
Revenue (FY2024)
$887K
▲ 49.0% vs prior year
Education median: $200K
Expenses (FY2024)
$529K
Net assets
$4.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Louis T Graves Memorial Public Library Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating109 mo reserves · +40% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Louis T Graves Memorial Public Library Association: 109 mo reserves · +40% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Louis T Graves Memorial Public Library Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Louis T Graves Memorial Public Library Association: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 391, Kennebunkport, ME, 04046
- City
- Kennebunkport
- State
- Maine
- Category
- Education
- Subcategory
- Libraries
- Website
- …
Financial trends
Revenue grew from $809K (FY2013) to $887K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2,191Net assets $4.8M
Operating margin
40.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.8M
Total liabilities
$2,191
Net assets
$4.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $887,242▲49.0% | $529,166▲1.8% | $4,802,212▲8.5% | $4,804,403▲7.9% | 990 |
| 2023 | $595,596▲27.8% | $519,895▲11.1% | $4,424,882▲6.0% | $4,454,449▲5.9% | 990 |
| 2022 | $465,929▼26.3% | $468,070▲15.7% | $4,174,086▼11.3% | $4,207,067▼11.3% | 990 |
| 2021 | $631,926▼19.6% | $404,500▼0.7% | $4,707,964▲6.4% | $4,740,681▲6.9% | 990 |
| 2020 | $785,667▲89.0% | $407,208▲5.0% | $4,424,143▲11.8% | $4,433,098▲11.8% | 990 |
| 2019 | $415,661▼25.6% | $387,903▼8.6% | $3,956,020▲7.1% | $3,963,711▲5.2% | 990 |
| 2018 | $558,458▼14.9% | $424,215▲26.0% | $3,693,304▼1.3% | $3,767,340▼9.2% | 990 |
| 2017 | $656,146▼26.0% | $336,765▲5.3% | $3,742,509▲16.3% | $4,147,224▲28.6% | 990 |
| 2016 | $887,098▲47.0% | $319,794▲1.0% | $3,218,557▲24.0% | $3,225,816▲24.0% | 990 |
| 2015 | $603,536▲100% | $316,778▲3.4% | $2,595,937▼0.5% | $2,602,236▼0.5% | 990 |
| 2014 | $301,582▼62.7% | $306,249▲0.3% | $2,610,275▲0.9% | $2,615,388▲0.9% | 990 |
| 2013 | $808,798 | $305,340▲4.8% | $2,585,860▲34.5% | $2,591,910▲34.5% | 990 |
| 2012 | — | $291,455▲3.0% | $1,922,940▲11.3% | $1,927,117▲11.0% | 990 |
| 2011 | — | $282,878 | $1,727,319 | $1,735,696 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $71K total
8 grants to Louis T Graves Memorial Public Library Association totaling $71K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $9,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $7,150 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $6,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $5,700 |
| National Philanthropic Tr | Education | 2018 | $11,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $11,350 |
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Frequently asked questions
- Is Louis T Graves Memorial Public Library Association a legitimate nonprofit?
- Yes. Louis T Graves Memorial Public Library Association is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-0262394, based in Kennebunkport, Maine. Donations are tax-deductible.
- What is Louis T Graves Memorial Public Library Association's EIN?
- Louis T Graves Memorial Public Library Association's Employer Identification Number (EIN) is 01-0262394.
- How much revenue does Louis T Graves Memorial Public Library Association report?
- Louis T Graves Memorial Public Library Association reported $887,242 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Louis T Graves Memorial Public Library Association have?
- CharityIndex grades Louis T Graves Memorial Public Library Association B, based on financial health (reserves and operating margin).
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Data for Louis T Graves Memorial Public Library Association (EIN 01-0262394) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.