Quick charity verification for Norwood Library Association Inc (EIN: 221981700)
Verdict: Norwood Library Association Inc appears trustworthy
75/100Mission Score
$563KRevenue
$830KAssets
2Red Flags
3Strengths
Red Flags
Lack of detailed spending breakdown without deeper Form 990 analysis.
No explicit mention of executive compensation in provided data, which could be a red flag if significant compensation exists but is not transparently reported.
Strengths
Consistent revenue generation over multiple years, indicating stable community support.
Healthy asset base of $830,281 as of 2023, suggesting financial stability.
Long operational history (data back to 2016) demonstrates sustained service to the community.
Spending Breakdown
How Norwood Library Association Inc 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 Norwood Library Association Inc
Is Norwood Library Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Norwood Library Association Inc (EIN: 221981700) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Norwood Library Association Inc a good charity to donate to?
Norwood Library Association Inc has a Mission Score of 75/100. Revenue: $563K. Assets: $830K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Norwood Library Association Inc?
The Employer Identification Number (EIN) for Norwood Library Association Inc is 221981700. 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 Norwood Library Association Inc spend its money?
Norwood Library Association Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Norwood Library Association Inc's tax-exempt status?
You can verify Norwood Library Association Inc's tax-exempt status using EIN 221981700 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
Norwood Library Association Inc is a unknown nonprofit based in Norwood, New Jersey, with reported revenue of $563K and assets of $830K. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 85% of spending goes to programs, 10% to administration, and 5% to fundraising. Executive compensation is not reported in the provided data, suggesting it is below the IRS reporting threshold or not applicable. Revenue has declined -58% across 13 filing periods.