Is Rogers Memorial Library Co Legit? —…

Strengths

Consistent revenue growth, from $4,396,559 in 2014 to $5,228,689 in 2023.
Healthy and growing asset base, exceeding $10 million in recent years.
Consistent operating surplus, with revenues generally exceeding expenses (e.g., $380,193 surplus in 2023).
0% reported officer compensation, indicating efficient use of funds and potential volunteer leadership.
Stable financial history with 13 filings, demonstrating long-term operational consistency.

Spending Breakdown

How Rogers Memorial Library Co allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Rogers Memorial Library Co

Is Rogers Memorial Library Co a legitimate charity?

Based on AI analysis of IRS 990 filings, Rogers Memorial Library Co (EIN: 111674173) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Rogers Memorial Library Co a good charity to donate to?

Rogers Memorial Library Co has a Mission Score of 90/100. Revenue: $5.4M. Assets: $10.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Rogers Memorial Library Co?

The Employer Identification Number (EIN) for Rogers Memorial Library Co is 111674173. 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 Rogers Memorial Library Co spend its money?

Rogers Memorial Library Co allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Rogers Memorial Library Co's tax-exempt status?

You can verify Rogers Memorial Library Co's tax-exempt status using EIN 111674173 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

Rogers Memorial Library Co demonstrates consistent financial stability and growth over the past decade. The organization has shown a steady increase in revenue, from $4,396,559 in 2014 to $5,228,689 in 2023, indicating robust financial health. Expenses have also increased proportionally, suggesting active program delivery in line with revenue growth. The organization consistently maintains a healthy asset base, exceeding $10 million in recent years, which provides a strong foundation for its operations.

Spending efficiency appears strong, as the organization consistently operates with a surplus, with revenues generally exceeding expenses. For instance, in 2023, revenue was $5,228,689 against expenses of $4,848,496, resulting in a surplus of $380,193. This consistent surplus allows for asset growth and financial resilience. The absence of reported officer compensation is a significant indicator of transparency and efficient use of funds, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which typically points to a lean administrative structure.

Overall, Rogers Memorial Library Co exhibits sound financial management, with a clear trend of increasing resources and responsible spending. The consistent growth in assets and revenue, coupled with the lack of reported officer compensation, paints a picture of a well-managed and transparent organization focused on its mission.

Is Rogers Memorial Library Co Legit?

Verdict: Rogers Memorial Library Co appears trustworthy

Red Flags