Billerica Public Library Foundation Inc

Billerica Public Library Foundation maintains zero liabilities and steady asset growth with volunteer leadership.

EIN: 20588305 · Billerica, MA · NTEE: B117 · Updated: 2026-03-28

$465KRevenue

$705KAssets

95/100Mission Score (Excellent)

B117

About Billerica Public Library Foundation Inc

Billerica Public Library Foundation Inc (EIN: 20588305) is a nonprofit organization based in Billerica, MA, classified under NTEE code B117. The organization reported total revenue of $465K and total assets of $705K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Billerica Public Library Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Billerica Public Library Foundation Inc demonstrates consistent financial stability and a strong commitment to its mission, as evidenced by its IRS 990 filings. The organization consistently maintains zero liabilities, indicating sound financial management and a lack of debt. Its assets have shown steady growth over the past decade, increasing from $153,008 in 2015 to $254,322 in 2024, which suggests effective asset accumulation and preservation. The foundation's revenue and expenses are relatively modest, reflecting its role as a supporting organization for a public library, with expenses consistently lower than revenue, allowing for asset growth.

The organization's spending efficiency appears high, particularly given that officer compensation is consistently reported at 0%. This indicates that the foundation is likely run by volunteers, which significantly reduces administrative overhead and maximizes the proportion of funds available for programmatic activities. While specific program spending percentages are not detailed in the provided summary, the absence of officer compensation is a strong indicator of efficient resource allocation. The consistent filing of 990s over 13 periods also points to good transparency practices.

Overall, the Billerica Public Library Foundation Inc appears to be a well-managed and financially healthy organization. Its consistent asset growth, lack of liabilities, and volunteer-driven leadership model contribute to a positive assessment of its financial health and operational efficiency. The organization's financial practices suggest a focus on long-term sustainability and direct support for its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Billerica Public Library Foundation Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Billerica Public Library Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all filings, indicating that the organization is run by volunteers, which is highly efficient for an organization of its size with annual expenses typically under $35,000.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Billerica Public Library Foundation Inc:

Consistent asset growth, from $153,008 in 2015 to $254,322 in 2024.
Zero liabilities reported across all filings, indicating strong financial health.
0% officer compensation, suggesting a volunteer-driven model and high efficiency.
Expenses consistently lower than revenue, allowing for asset accumulation.
Consistent IRS 990 filing history (13 filings), demonstrating transparency.

Frequently Asked Questions about Billerica Public Library Foundation Inc

Is Billerica Public Library Foundation Inc a good charity?

Based on the provided data, the Billerica Public Library Foundation Inc appears to be a very good charity. It consistently maintains zero liabilities, shows steady asset growth, and operates with 0% officer compensation, indicating a volunteer-driven model that maximizes resources for its mission.

How does the organization manage its finances?

The organization manages its finances prudently, consistently keeping expenses below revenue, which has led to steady asset growth from $153,008 in 2015 to $254,322 in 2024. It also maintains zero liabilities, demonstrating strong financial health and no debt.

What is the trend in the organization's assets?

The organization's assets have shown a consistent upward trend, growing from $153,008 in 2015 to $254,322 in 2024, indicating effective financial management and accumulation of resources over time.

Filing History

IRS 990 filing history for Billerica Public Library Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Billerica Public Library Foundation Inc's revenue has grown by 87.8%, moving from $16K to $29K. Total assets increased by 110.2% over the same period, from $121K to $254K. Total functional expenses rose by 222.1%, from $5K to $17K. In its most recent filing year (2024), Billerica Public Library Foundation Inc reported a surplus of $12K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$29K	$17K	$254K	$0	—	—
2023	$27K	$14K	$242K	$0	—	View 990
2022	$35K	$12K	$229K	$0	—	View 990
2021	$25K	$13K	$207K	$0	—	—
2020	$27K	$20K	$195K	$0	—	View 990
2019	$39K	$24K	$188K	$0	—	View 990
2018	$40K	$31K	$173K	$0	—	View 990
2017	$36K	$28K	$164K	$0	—	View 990
2016	$37K	$33K	$157K	$0	—	View 990
2015	$36K	$20K	$153K	$0	—	View 990
2014	$35K	$34K	$137K	$0	—	View 990
2013	$23K	$7K	$137K	$0	—	View 990
2012	$16K	$5K	$121K	$0	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $29K, expenses of $17K, and assets of $254K (revenue +7.7% year-over-year).
2023: Revenue of $27K, expenses of $14K, and assets of $242K (revenue -21.0% year-over-year).
2022: Revenue of $35K, expenses of $12K, and assets of $229K (revenue +40.4% year-over-year).
2021: Revenue of $25K, expenses of $13K, and assets of $207K (revenue -7.1% year-over-year).
2020: Revenue of $27K, expenses of $20K, and assets of $195K (revenue -31.4% year-over-year).
2019: Revenue of $39K, expenses of $24K, and assets of $188K (revenue -3.6% year-over-year).
2018: Revenue of $40K, expenses of $31K, and assets of $173K (revenue +13.1% year-over-year).
2017: Revenue of $36K, expenses of $28K, and assets of $164K (revenue -4.3% year-over-year).
2016: Revenue of $37K, expenses of $33K, and assets of $157K (revenue +2.0% year-over-year).
2015: Revenue of $36K, expenses of $20K, and assets of $153K (revenue +5.3% year-over-year).
2014: Revenue of $35K, expenses of $34K, and assets of $137K (revenue +52.4% year-over-year).
2013: Revenue of $23K, expenses of $7K, and assets of $137K (revenue +44.4% year-over-year).
2012: Revenue of $16K, expenses of $5K, and assets of $121K.

Data Sources and Methodology

This transparency report for Billerica Public Library Foundation 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.