Quick charity verification for Billerica Public Library Foundation Inc (EIN: 20588305)
Verdict: Billerica Public Library Foundation Inc appears trustworthy
95/100Mission Score
$465KRevenue
$705KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $153,008 in 2015 to $254,322 in 2024.
Zero liabilities reported across all filings, indicating strong financial health.
0% officer compensation, suggesting a volunteer-driven model and high efficiency.
Expenses consistently lower than revenue, allowing for asset accumulation.
Consistent IRS 990 filing history (13 filings), demonstrating transparency.
Spending Breakdown
How Billerica Public Library Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Billerica Public Library Foundation Inc
Is Billerica Public Library Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Billerica Public Library Foundation Inc (EIN: 20588305) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Billerica Public Library Foundation Inc a good charity to donate to?
Billerica Public Library Foundation Inc has a Mission Score of 95/100. Revenue: $465K. Assets: $705K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Billerica Public Library Foundation Inc?
The Employer Identification Number (EIN) for Billerica Public Library Foundation Inc is 20588305. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Billerica Public Library Foundation Inc spend its money?
Billerica Public Library Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Billerica Public Library Foundation Inc's tax-exempt status?
You can verify Billerica Public Library Foundation Inc's tax-exempt status using EIN 20588305 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Billerica Public Library Foundation Inc demonstrates consistent financial stability and a strong commitment to its mission, as evidenced by its IRS 990 filings. The organization consistently maintains zero liabilities, indicating sound financial management and a lack of debt. Its assets have shown steady growth over the past decade, increasing from $153,008 in 2015 to $254,322 in 2024, which suggests effective asset accumulation and preservation. The foundation's revenue and expenses are relatively modest, reflecting its role as a supporting organization for a public library, with expenses consistently lower than revenue, allowing for asset growth.
The organization's spending efficiency appears high, particularly given that officer compensation is consistently reported at 0%. This indicates that the foundation is likely run by volunteers, which significantly reduces administrative overhead and maximizes the proportion of funds available for programmatic activities. While specific program spending percentages are not detailed in the provided summary, the absence of officer compensation is a strong indicator of efficient resource allocation. The consistent filing of 990s over 13 periods also points to good transparency practices.
Overall, the Billerica Public Library Foundation Inc appears to be a well-managed and financially healthy organization. Its consistent asset growth, lack of liabilities, and volunteer-driven leadership model contribute to a positive assessment of its financial health and operational efficiency. The organization's financial practices suggest a focus on long-term sustainability and direct support for its mission.