Quick charity verification for Friends Of The Walker Memorial Library (EIN: 10500655)
Verdict: Friends Of The Walker Memorial Library appears trustworthy
90/100Mission Score
$0Revenue
$0Assets
1Red Flags
3Strengths
Red Flags
Outdated financial information (latest filing from 2016)
Strengths
100% program spending (based on no reported officer compensation)
Volunteer-led with no reported executive compensation
Positive net income in the reported period ($1,949 revenue vs. $720 expenses)
Spending Breakdown
How Friends Of The Walker Memorial Library allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
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 Friends Of The Walker Memorial Library
Is Friends Of The Walker Memorial Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Walker Memorial Library (EIN: 10500655) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 3 strengths noted.
Is Friends Of The Walker Memorial Library a good charity to donate to?
Friends Of The Walker Memorial Library has a Mission Score of 90/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of The Walker Memorial Library?
The Employer Identification Number (EIN) for Friends Of The Walker Memorial Library is 10500655. 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 Walker Memorial Library spend its money?
Friends Of The Walker Memorial Library allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of The Walker Memorial Library's tax-exempt status?
You can verify Friends Of The Walker Memorial Library's tax-exempt status using EIN 10500655 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 Walker Memorial Library appears to be a very small, volunteer-run organization based on its financial filings. In its latest reported period (201612), the organization generated $1,949 in revenue and incurred $720 in expenses, resulting in a net positive balance. Its assets stood at $1,560 with no reported liabilities, indicating a stable, albeit minimal, financial position. The organization reported 0% of expenses going to officer compensation, suggesting a strong reliance on volunteer efforts and a commitment to directing funds towards its mission. Given its size, the financial health appears appropriate for a small, local support organization.
The spending efficiency is excellent, with program spending likely encompassing the vast majority of its $720 in expenses, as no officer compensation was reported. This indicates that nearly all funds are directly supporting the library. Transparency is adequate for an organization of this scale, with a publicly available 990 filing. However, the lack of more recent filings (the latest is from 2016) makes it difficult to assess current financial health and operations. More up-to-date financial information would enhance transparency.