Benjamin Franklin Society Library Inc
EIN: 460928860 · Orlando, FL · NTEE: B70
| Metric | Value |
|---|---|
| Total Revenue | $773K |
| Total Expenses | $48K |
| Net Assets | $192K |
Is Benjamin Franklin Society Library Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Benjamin Franklin Society Library Inc
Benjamin Franklin Society Library Inc (EIN: 460928860) is a nonprofit organization based in Orlando, FL, classified under NTEE code B70. The organization reported total revenue of $773K and total assets of $494K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Benjamin Franklin Society Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Benjamin Franklin Society Library Inc is a small nonprofit that has been operating for 12 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 41.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $189K |
| Total Expenses | $48K |
| Surplus / Deficit | +$141K |
| Total Assets | $203K |
| Total Liabilities | $11K |
| Net Assets | $192K |
| Operating Margin | 74.7% |
| Debt-to-Asset Ratio | 5.2% |
| Months of Reserves | 50.8 months |
Financial Health Grade: A
In 2023, Benjamin Franklin Society Library Inc reported a surplus of $141K with revenue exceeding expenses, holds 50.8 months of operating reserves (strong position), has a debt-to-asset ratio of 5.2% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Benjamin Franklin Society Library Inc's revenue has grown at a compound annual growth rate (CAGR) of 41.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | -73.1% | +198.1% |
| 2022 | +81.7% | +378.8% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Benjamin Franklin Society Library Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Benjamin Franklin Society Library Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $141K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.2%.
Frequently Asked Questions about Benjamin Franklin Society Library Inc
Is Benjamin Franklin Society Library Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Benjamin Franklin Society Library Inc (EIN: 460928860) insufficient data. 0 red flags identified, 0 strengths noted.
How does Benjamin Franklin Society Library Inc spend its money?
Detailed spending breakdown data is not yet available for Benjamin Franklin Society Library Inc. Check back for updated IRS 990 analysis.
Are donations to Benjamin Franklin Society Library Inc tax-deductible?
Benjamin Franklin Society Library Inc is registered as a tax-exempt nonprofit (EIN: 460928860). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Benjamin Franklin Society Library Inc located?
Benjamin Franklin Society Library Inc is headquartered in Orlando, Florida and files with the IRS under EIN 460928860. It is classified under NTEE code B70.
How many years of IRS 990 filings does Benjamin Franklin Society Library Inc have?
Benjamin Franklin Society Library Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $773K in total revenue.
Filing History
IRS 990 filing history for Benjamin Franklin Society Library Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Benjamin Franklin Society Library Inc's revenue has grown by 99.6%, moving from $95K to $189K. Total assets increased by 220.3% over the same period, from $63K to $203K. Total functional expenses rose by 28.7%, from $37K to $48K. In its most recent filing year (2023), Benjamin Franklin Society Library Inc reported a surplus of $141K, with revenue exceeding expenses. The organization holds $11K in liabilities against $203K in assets (debt-to-asset ratio: 5.2%), resulting in net assets of $192K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $189K | $48K | $203K | $11K | — | — |
| 2022 | $172K | $178K | $68K | $21K | — | View 990 |
| 2021 | $95K | $37K | $63K | $10K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $189K, expenses of $48K, and assets of $203K (revenue +9.9% year-over-year).
- 2022: Revenue of $172K, expenses of $178K, and assets of $68K (revenue +81.7% year-over-year).
- 2021: Revenue of $95K, expenses of $37K, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Benjamin Franklin Society Library Inc:
Data Sources and Methodology
This transparency report for Benjamin Franklin Society Library Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.