Strong financial solvency with assets significantly exceeding liabilities (e.g., $385,322 assets vs. $1 liability in 2023).
Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
Long history of IRS 990 filings (10 filings), demonstrating commitment to transparency.
Stable asset base around $400,000, providing long-term financial security.
Minimal liabilities ($1 across most recent filings) indicating excellent financial health.
Spending Breakdown
How Thompson Free Library Fbo 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 Thompson Free Library Fbo
Is Thompson Free Library Fbo a legitimate charity?
Based on AI analysis of IRS 990 filings, Thompson Free Library Fbo (EIN: 16030840) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Thompson Free Library Fbo a good charity to donate to?
Thompson Free Library Fbo has a Mission Score of 92/100. Revenue: $86K. Assets: $399K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Thompson Free Library Fbo?
The Employer Identification Number (EIN) for Thompson Free Library Fbo is 16030840. 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 Thompson Free Library Fbo spend its money?
Thompson Free Library Fbo allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Thompson Free Library Fbo's tax-exempt status?
You can verify Thompson Free Library Fbo's tax-exempt status using EIN 16030840 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
Thompson Free Library Fbo appears to be a financially stable, albeit small, organization primarily focused on its mission. Over the past five years (2019-2023), its revenue has fluctuated, ranging from $14,283 to $22,596, with expenses generally in a similar range. The organization consistently maintains a healthy asset base, hovering around $400,000, significantly exceeding its minimal liabilities of $1. This indicates strong financial solvency and a good reserve for future operations. The consistent reporting of zero officer compensation across all available filings suggests a volunteer-driven leadership or that compensation is covered by a separate entity, which enhances its spending efficiency from a compensation perspective.
The organization's spending efficiency is commendable given its consistent low expenses relative to its assets. While specific program spending percentages are not detailed in the provided data, the absence of officer compensation and minimal liabilities imply that the majority of its operational expenses likely directly support its library services. The consistent filing of IRS Form 990s over a decade demonstrates a commitment to transparency, providing a clear historical record of its financial activities. The relatively stable financial position, with assets significantly outweighing liabilities, suggests a well-managed endowment or investment strategy supporting its long-term viability.