Quick charity verification for Texas County Library Foundation Inc (EIN: 200423841)
Verdict: Texas County Library Foundation Inc appears trustworthy
92/100Mission Score
$289KRevenue
$537KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Zero officer compensation, indicating volunteer leadership and efficient use of funds.
Consistent asset growth, from $14,847 in 2010 to $790,288 in 2023, demonstrating strong financial stewardship.
Zero liabilities reported in most recent and several past filings, indicating a very healthy balance sheet.
Low expense ratio relative to revenue, particularly in 2023 ($175,472 expenses vs. $964,011 revenue), suggesting efficient operations.
Strong revenue generation in recent periods, such as $964,011 in 2023.
Spending Breakdown
How Texas County Library Foundation 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 Texas County Library Foundation Inc
Is Texas County Library Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Texas County Library Foundation Inc (EIN: 200423841) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Texas County Library Foundation Inc a good charity to donate to?
Texas County Library Foundation Inc has a Mission Score of 92/100. Revenue: $289K. Assets: $537K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Texas County Library Foundation Inc?
The Employer Identification Number (EIN) for Texas County Library Foundation Inc is 200423841. 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 Texas County Library Foundation Inc spend its money?
Texas County Library Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Texas County Library Foundation Inc's tax-exempt status?
You can verify Texas County Library Foundation Inc's tax-exempt status using EIN 200423841 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 Texas County Library Foundation Inc. demonstrates strong financial health, particularly in its latest filing period (202312) where it reported significant revenue of $964,011 against expenses of $175,472, leading to a substantial increase in assets to $790,288 with zero liabilities. This indicates efficient management of funds and a healthy balance sheet. The organization consistently reports zero officer compensation across all available filings, which is a positive indicator of volunteer leadership and dedication to its mission without personal financial gain from executive roles. While the 990 data doesn't provide a detailed breakdown of program vs. administrative spending, the overall low expense ratio relative to revenue, especially in recent years, suggests a focus on maximizing resources for its stated purpose. The foundation's asset growth from $14,847 in 2010 to $790,288 in 2023 reflects effective long-term financial stewardship and fundraising capabilities.