Is Friends Of Moultonborough Public Library Legit?

Friends Of Moultonborough Public Library demonstrates consistent financial health, operating with a modest but stable revenue stream and maintaining positive assets. The organization's spending efficiency is excellent, with program expenses consistently forming the vast majority of their total expenditures. For instance, in 2023, with $16,119 in expenses, the organization reported 0% officer compensation, indicating that nearly all funds are directed towards their mission. Their financial transparency is high, as evidenced by their consistent filing of IRS Form 990s over many years and the clear reporting of no liabilities and no officer compensation, which simplifies understanding their financial operations. The organization's assets have generally grown over time, from $18,798 in 2020 to $24,473 in 2023, indicating responsible financial management and a healthy reserve.