Quick charity verification for New Ipswich Library (EIN: 20262059)
Verdict: New Ipswich Library appears trustworthy
70/100Mission Score
$797KRevenue
$883KAssets
2Red Flags
3Strengths
Red Flags
Consistent deficit spending in recent years (e.g., 2024 expenses $100,239 vs. revenue $66,968)
Revenue has not kept pace with expenses in recent periods, potentially indicating reliance on reserves.
Strengths
Consistent growth in assets over the past decade, from $591,641 in 2011 to $882,978 in 2024.
Zero reported officer compensation across all filings, indicating low administrative overhead.
Long history of IRS 990 filings (10 filings), demonstrating transparency.
Spending Breakdown
How New Ipswich 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 New Ipswich Library
Is New Ipswich Library a legitimate charity?
Based on AI analysis of IRS 990 filings, New Ipswich Library (EIN: 20262059) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is New Ipswich Library a good charity to donate to?
New Ipswich Library has a Mission Score of 70/100. Revenue: $797K. Assets: $883K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Ipswich Library?
The Employer Identification Number (EIN) for New Ipswich Library is 20262059. 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 New Ipswich Library spend its money?
New Ipswich Library allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Ipswich Library's tax-exempt status?
You can verify New Ipswich Library's tax-exempt status using EIN 20262059 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 New Ipswich Library demonstrates consistent financial transparency, with 10 filings available. The organization's assets have shown steady growth over the past decade, increasing from $591,641 in 2011 to $882,978 in 2024, indicating good financial stewardship. However, recent filings show a trend where expenses exceed revenue, such as in 2024 where expenses were $100,239 against revenue of $66,968, and in 2022 with expenses of $80,561 against revenue of $44,452. This suggests the library may be drawing down reserves or relying on prior period surpluses to cover operational costs.
The organization's spending efficiency appears to be a point of concern in recent years, as evidenced by the consistent deficit spending. While the exact breakdown of program, administrative, and fundraising expenses is not explicitly detailed in the provided summary, the overall financial trend indicates that the library is spending more than it brings in. This could impact long-term sustainability if not addressed. The absence of reported officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which is a positive indicator for minimizing overhead.