Is Worcester Public Library Foundation Legit?

Quick charity verification for Worcester Public Library Foundation (EIN: 200066770)

Verdict: Worcester Public Library Foundation appears trustworthy

92/100Mission Score
$408KRevenue
$2.3MAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Worcester Public Library Foundation 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 Worcester Public Library Foundation

Is Worcester Public Library Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Worcester Public Library Foundation (EIN: 200066770) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.

Is Worcester Public Library Foundation a good charity to donate to?

Worcester Public Library Foundation has a Mission Score of 92/100. Revenue: $408K. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Worcester Public Library Foundation?

The Employer Identification Number (EIN) for Worcester Public Library Foundation is 200066770. 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 Worcester Public Library Foundation spend its money?

Worcester Public Library Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Worcester Public Library Foundation's tax-exempt status?

You can verify Worcester Public Library Foundation's tax-exempt status using EIN 200066770 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 Worcester Public Library Foundation demonstrates generally sound financial health, with assets consistently exceeding liabilities across most recent periods. In the latest filing (202306), the organization reported assets of $2,125,432 against liabilities of $1,828, indicating a strong financial position. Revenue has fluctuated significantly over the years, with a notable peak of $3,863,399 in 202006, followed by a return to more typical levels around $300,000-$400,000 in recent years. This volatility suggests reliance on larger, perhaps one-time, contributions or specific campaigns. The organization's spending efficiency appears strong, particularly in the most recent period where expenses ($211,774) were significantly lower than revenue ($356,486), allowing for asset growth. A key indicator of transparency and efficiency is the consistent reporting of 0% officer compensation across all available filings, which is commendable for a nonprofit of this size. While specific program spending ratios are not detailed in the provided data, the absence of executive compensation suggests resources are likely directed towards the foundation's mission. The foundation's consistent filing history (13 filings) also points to good governance and transparency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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