Quick charity verification for Friends Of The Minot Sleeper Library (EIN: 10598175)
Verdict: Friends Of The Minot Sleeper Library shows mixed signals
65/100Mission Score
$7KRevenue
$14KAssets
3Red Flags
3Strengths
Red Flags
Consistent net losses: Expenses frequently exceed revenue (e.g., $7,229 expenses vs. $6,453 revenue in 2023).
Declining asset base: Assets have decreased from $57,491 in 2015 to $18,303 in 2023.
Significant negative revenue reported in 2015 (-$23,748), which warrants further investigation.
Strengths
Zero officer compensation: All leadership is volunteer-based, indicating dedication and low administrative costs.
Zero liabilities: The organization maintains a debt-free status, which is a strong indicator of financial prudence.
Consistent filing history: 13 filings demonstrate a commitment to transparency and compliance.
Spending Breakdown
How Friends Of The Minot Sleeper Library allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Minot Sleeper Library
Is Friends Of The Minot Sleeper Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Minot Sleeper Library (EIN: 10598175) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Friends Of The Minot Sleeper Library a good charity to donate to?
Friends Of The Minot Sleeper Library has a Mission Score of 65/100. Revenue: $7K. Assets: $14K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of The Minot Sleeper Library?
The Employer Identification Number (EIN) for Friends Of The Minot Sleeper Library is 10598175. 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 Minot Sleeper Library spend its money?
Friends Of The Minot Sleeper Library allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of The Minot Sleeper Library's tax-exempt status?
You can verify Friends Of The Minot Sleeper Library's tax-exempt status using EIN 10598175 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 Minot Sleeper Library operates on a very small scale, with recent annual revenues around $6,000-$7,000. The organization consistently reports zero liabilities and zero officer compensation, indicating a lean operational structure and a commitment to volunteer-driven efforts. However, the organization has experienced a consistent decline in assets over the past decade, from $57,491 in 2015 to $18,303 in 2023, suggesting that expenses frequently outpace revenue. For instance, in 2023, expenses were $7,229 against revenues of $6,453, leading to a net loss. This trend, while not immediately critical given the low liability, points to a need for more robust fundraising or tighter expense management to maintain long-term financial stability and prevent further asset erosion. The lack of detailed expense breakdowns in the provided data makes it difficult to fully assess spending efficiency beyond the overall revenue-expense comparison.