Is Gilmanton Year Round Library Association Legit?
Quick charity verification for Gilmanton Year Round Library Association (EIN: 20516788)
Verdict: Gilmanton Year Round Library Association appears trustworthy
92/100Mission Score
$114KRevenue
$884KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth from $726,759 in 2014 to $888,829 in 2023.
Zero reported officer compensation across all 13 filings, indicating high efficiency.
Very low liabilities, consistently under $3,000, demonstrating strong financial management.
Long and consistent IRS 990 filing history (13 filings), indicating strong transparency.
Stable revenue base around $100,000-$140,000 for a small community library.
Spending Breakdown
How Gilmanton Year Round Library Association allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Gilmanton Year Round Library Association
Is Gilmanton Year Round Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Gilmanton Year Round Library Association (EIN: 20516788) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Gilmanton Year Round Library Association a good charity to donate to?
Gilmanton Year Round Library Association has a Mission Score of 92/100. Revenue: $114K. Assets: $884K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gilmanton Year Round Library Association?
The Employer Identification Number (EIN) for Gilmanton Year Round Library Association is 20516788. 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 Gilmanton Year Round Library Association spend its money?
Gilmanton Year Round Library Association allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gilmanton Year Round Library Association's tax-exempt status?
You can verify Gilmanton Year Round Library Association's tax-exempt status using EIN 20516788 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
The Gilmanton Year Round Library Association demonstrates consistent financial activity, with revenues and expenses generally fluctuating around the $100,000-$140,000 range over the past decade. While the organization experienced a slight deficit in the most recent period (202306) with expenses ($134,095) exceeding revenue ($120,472), this is not an uncommon occurrence for smaller nonprofits and its assets remain substantial at $888,829. The organization's assets have shown steady growth over time, from $726,759 in 2014 to nearly $889,000 in 2023, indicating good long-term financial stewardship.
Spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation across all available filings, suggesting that leadership is likely volunteer-based or compensated through other means not categorized as officer compensation. This significantly reduces administrative overhead. The organization's liabilities have consistently been very low, often under $3,000, which is a positive indicator of financial stability and responsible management of obligations.
Transparency is high, with a consistent filing history of 13 IRS 990 forms, providing a clear decade-long view of its financial operations. The absence of officer compensation is a key factor in assessing its efficiency and dedication to its mission. Overall, the Gilmanton Year Round Library Association appears to be a financially stable and efficiently run organization, effectively managing its resources to support its library services.