Quick charity verification for Brooksville Free Public Library Inc (EIN: 10315923)
Verdict: Brooksville Free Public Library Inc appears trustworthy
95/100Mission Score
$141KRevenue
$553KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, reaching $507,055 in 2023.
Zero liabilities reported in most filings, indicating excellent financial health.
No reported officer compensation, suggesting high efficiency and volunteer leadership.
Healthy surplus of revenue over expenses in most years, such as $60,396 in 2023 ($138,503 revenue - $78,107 expenses).
Strong financial transparency with consistent IRS 990 filings.
Spending Breakdown
How Brooksville Free Public Library Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
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 Brooksville Free Public Library Inc
Is Brooksville Free Public Library Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Brooksville Free Public Library Inc (EIN: 10315923) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Brooksville Free Public Library Inc a good charity to donate to?
Brooksville Free Public Library Inc has a Mission Score of 95/100. Revenue: $141K. Assets: $553K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Brooksville Free Public Library Inc?
The Employer Identification Number (EIN) for Brooksville Free Public Library Inc is 10315923. 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 Brooksville Free Public Library Inc spend its money?
Brooksville Free Public Library Inc allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Brooksville Free Public Library Inc's tax-exempt status?
You can verify Brooksville Free Public Library Inc's tax-exempt status using EIN 10315923 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
Brooksville Free Public Library Inc demonstrates consistent financial health with a strong asset base and prudent spending. In the latest filing (202312), the organization reported revenues of $138,503 against expenses of $78,107, indicating a healthy surplus that contributes to its growing assets, which stood at $507,055. The organization consistently maintains zero liabilities, reflecting excellent financial management and a lack of debt. Its program spending appears robust, given the nature of a public library, and the absence of officer compensation suggests a volunteer-driven or very lean administrative structure, enhancing its efficiency.
The library's revenue has fluctuated over the years, from a low of $39,144 in 2011 to a high of $138,503 in 2023, but it has generally maintained a positive net income, allowing for steady asset growth from $214,680 in 2011 to over half a million dollars. This consistent growth in assets, coupled with minimal expenses relative to revenue in most years, points to a well-managed and financially stable entity. The organization's transparency is high, as evidenced by its consistent IRS 990 filings and the clear financial picture they present, particularly the absence of liabilities and officer compensation.
Overall, Brooksville Free Public Library Inc appears to be a financially sound and efficiently run organization. Its ability to operate without executive compensation and maintain a strong asset base while delivering its services to the community is commendable. The consistent positive net income and zero liabilities are strong indicators of responsible financial stewardship.