Quick charity verification for Friends Of The Conway Public Library (EIN: 20498598)
Verdict: Friends Of The Conway Public Library appears trustworthy
92/100Mission Score
$151KRevenue
$239KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent zero liabilities across all filing periods, indicating strong financial management.
Significant revenue growth in the latest filing period (202312 revenue of $95,542 vs. $55,907 expenses).
0% officer compensation reported in all filings, demonstrating efficient use of funds.
Steady growth in assets, reaching $82,410 in 202312.
Consistent IRS 990 filing history over 13 periods, indicating high transparency.
Spending Breakdown
How Friends Of The Conway Public Library allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Friends Of The Conway Public Library
Is Friends Of The Conway Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Conway Public Library (EIN: 20498598) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Friends Of The Conway Public Library a good charity to donate to?
Friends Of The Conway Public Library has a Mission Score of 92/100. Revenue: $151K. Assets: $239K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of The Conway Public Library?
The Employer Identification Number (EIN) for Friends Of The Conway Public Library is 20498598. 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 Friends Of The Conway Public Library spend its money?
Friends Of The Conway Public Library allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of The Conway Public Library's tax-exempt status?
You can verify Friends Of The Conway Public Library's tax-exempt status using EIN 20498598 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
Friends Of The Conway Public Library demonstrates sound financial health, particularly in its most recent filing period (202312) where revenue significantly outpaced expenses ($95,542 vs. $55,907). The organization consistently maintains zero liabilities, indicating a very low financial risk profile. While the overall revenue has fluctuated, the trend in recent years shows growth, with the latest revenue of $151,219 being a substantial increase from previous periods. The organization's assets have also grown steadily, reaching $82,410 in 202312, further solidifying its financial stability.
Spending efficiency appears strong, especially given the consistent lack of officer compensation, suggesting that resources are directed towards the organization's mission rather than executive salaries. The absence of liabilities across all reported periods is a significant positive indicator of responsible financial management. The organization's focus on supporting the public library, as indicated by its NTEE code B117, aligns with its operational scale and financial activities.
Transparency is high, as evidenced by the consistent filing of IRS Form 990s over 13 periods and the clear reporting of financial metrics. The detailed breakdown of revenue, expenses, assets, and liabilities, along with the explicit mention of 0% officer compensation, provides a clear picture of the organization's financial operations. This level of consistent reporting allows for thorough analysis and builds trust with potential donors and the public.