Is Hopkinton Public Library Foundation Of Hopkinton Nh Legit?
Quick charity verification for Hopkinton Public Library Foundation Of Hopkinton Nh (EIN: 20416647)
Verdict: Hopkinton Public Library Foundation Of Hopkinton Nh appears trustworthy
85/100Mission Score
$137KRevenue
$812KAssets
2Red Flags
4Strengths
Red Flags
Significant year-over-year revenue volatility
Expenses exceeded revenue in two of the last six reported periods (2019 and 2023)
Strengths
Strong and consistent asset base (latest $812,108)
Zero officer compensation reported across all filings
Consistently low or zero liabilities, indicating good debt management
Regular and transparent IRS 990 filing history
Spending Breakdown
How Hopkinton Public Library Foundation Of Hopkinton Nh allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Hopkinton Public Library Foundation Of Hopkinton Nh
Is Hopkinton Public Library Foundation Of Hopkinton Nh a legitimate charity?
Based on AI analysis of IRS 990 filings, Hopkinton Public Library Foundation Of Hopkinton Nh (EIN: 20416647) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Hopkinton Public Library Foundation Of Hopkinton Nh a good charity to donate to?
Hopkinton Public Library Foundation Of Hopkinton Nh has a Mission Score of 85/100. Revenue: $137K. Assets: $812K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hopkinton Public Library Foundation Of Hopkinton Nh?
The Employer Identification Number (EIN) for Hopkinton Public Library Foundation Of Hopkinton Nh is 20416647. 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 Hopkinton Public Library Foundation Of Hopkinton Nh spend its money?
Hopkinton Public Library Foundation Of Hopkinton Nh allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hopkinton Public Library Foundation Of Hopkinton Nh's tax-exempt status?
You can verify Hopkinton Public Library Foundation Of Hopkinton Nh's tax-exempt status using EIN 20416647 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 Hopkinton Public Library Foundation of Hopkinton NH demonstrates a generally stable financial position with assets consistently over $600,000, reaching $812,108 in the latest period. Revenue has fluctuated significantly, from a low of $20,654 in 2020 to a high of $118,254 in 2018, and $136,550 in the latest period. The organization's expenses have also varied, with notable spikes in 2019 ($146,526) and 2023 ($173,263), which exceeded revenue in those years, indicating periods of deficit spending. However, the organization maintains zero liabilities in most recent filings, suggesting good financial management regarding debt.
The foundation's spending efficiency appears to be focused primarily on its program services, given its mission to support the library. Without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, it's challenging to precisely quantify efficiency. However, the consistent asset base and the absence of officer compensation suggest that resources are likely directed towards the foundation's objectives rather than executive overhead. The organization's transparency is good, with six years of consistent IRS 990 filings available, and no reported officer compensation, which is a positive indicator for a nonprofit of this size.
Overall, while there are periods where expenses outpaced revenue, the foundation's strong asset base and minimal liabilities provide a buffer. The lack of officer compensation further reinforces a commitment to directing funds towards its mission. The organization appears to be a well-managed entity supporting the Hopkinton Public Library.