Quick charity verification for North Haven Library Inc (EIN: 16016566)
Verdict: North Haven Library Inc appears trustworthy
95/100Mission Score
$262KRevenue
$1.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high efficiency.
Significant asset growth over time, demonstrating strong financial management (e.g., assets grew from $325,580 in 201607 to $1,123,988 in 202307).
Low liabilities across all filing periods, suggesting minimal debt and sound financial health.
Substantial revenue generation in the latest period ($610,243 in 202307) relative to expenses ($62,484), indicating strong fundraising or grant success.
High program efficiency due to low administrative overhead and no reported officer compensation.
Spending Breakdown
How North Haven Library Inc 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 North Haven Library Inc
Is North Haven Library Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North Haven Library Inc (EIN: 16016566) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is North Haven Library Inc a good charity to donate to?
North Haven Library Inc has a Mission Score of 95/100. Revenue: $262K. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for North Haven Library Inc?
The Employer Identification Number (EIN) for North Haven Library Inc is 16016566. 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 North Haven Library Inc spend its money?
North Haven Library Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify North Haven Library Inc's tax-exempt status?
You can verify North Haven Library Inc's tax-exempt status using EIN 16016566 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
North Haven Library Inc. demonstrates a strong financial position, particularly in its latest filing period (202307) where it reported a significant revenue of $610,243 against expenses of $62,484, leading to a substantial increase in assets to $1,123,988. This indicates robust fundraising or grant acquisition. The organization consistently maintains low liabilities, suggesting sound financial management and minimal debt. Over the past several years, the library has shown consistent growth in assets, more than tripling its assets from $325,580 in 201607 to over $1.1 million in 202307, indicating effective long-term financial stewardship and capacity building. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which contributes positively to spending efficiency and transparency.