Quick charity verification for Osceola Public Library Foundation (EIN: 204864052)
Verdict: Osceola Public Library Foundation appears trustworthy
75/100Mission Score
$48KRevenue
$1.2MAssets
2Red Flags
4Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue in 2021, 2022, 2023)
Lack of detailed expense breakdown (program vs. admin) in available data
Strengths
Strong asset base (over $1.2 million consistently)
Zero liabilities reported across all filings
0% officer compensation, indicating volunteer leadership and efficient use of funds for overhead
Long history of IRS 990 filings (14 filings), demonstrating consistent reporting
Spending Breakdown
How Osceola Public Library Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Osceola Public Library Foundation
Is Osceola Public Library Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Osceola Public Library Foundation (EIN: 204864052) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Osceola Public Library Foundation a good charity to donate to?
Osceola Public Library Foundation has a Mission Score of 75/100. Revenue: $48K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Osceola Public Library Foundation?
The Employer Identification Number (EIN) for Osceola Public Library Foundation is 204864052. 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 Osceola Public Library Foundation spend its money?
Osceola Public Library Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Osceola Public Library Foundation's tax-exempt status?
You can verify Osceola Public Library Foundation's tax-exempt status using EIN 204864052 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 Osceola Public Library Foundation demonstrates consistent financial stability with substantial assets, exceeding $1.2 million in recent years. However, its operational efficiency shows some variability. In the 2023 fiscal period, the organization spent $23,819 against revenues of $13,869, indicating a deficit. This trend of expenses exceeding revenue is also observed in 2022 ($57,342 expenses vs. $11,488 revenue) and 2021 ($33,564 expenses vs. $17,712 revenue). While the foundation maintains a strong asset base, the recurring operational deficits suggest that it is drawing down on its principal or relying on past surpluses to cover current expenditures, which is not sustainable long-term without a significant increase in revenue or reduction in expenses.
The foundation's transparency is high regarding executive compensation, reporting 0% officer compensation across all available filings, which is commendable. The consistent reporting of zero liabilities also indicates sound financial management in terms of debt. However, the filings do not provide a detailed breakdown of program versus administrative expenses, making it challenging to fully assess spending efficiency. A clearer picture of how funds are allocated to direct library support versus overhead would enhance understanding of its programmatic impact.
Overall, the foundation is financially stable due to its significant assets, but its recent operational performance shows a pattern of spending more than it earns. While transparency around executive pay and liabilities is excellent, more detailed expense reporting would improve the assessment of its spending efficiency and program focus. The long-term sustainability hinges on addressing the revenue-expense imbalance.