Castleton Free Library
EIN: 223881668 · Castleton, VT · NTEE: B11
| Metric | Value |
|---|---|
| Total Revenue | $414K |
| Total Expenses | $264K |
| Net Assets | $716K |
Is Castleton Free Library Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Castleton Free Library
Castleton Free Library (EIN: 223881668) is a nonprofit organization based in Castleton, VT, classified under NTEE code B11. The organization reported total revenue of $414K and total assets of $308K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Castleton Free Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Castleton Free Library is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $613K |
| Total Expenses | $264K |
| Surplus / Deficit | +$349K |
| Total Assets | $717K |
| Total Liabilities | $2K |
| Net Assets | $716K |
| Operating Margin | 56.9% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 32.6 months |
Financial Health Grade: A
In 2023, Castleton Free Library reported a surplus of $349K with revenue exceeding expenses, holds 32.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Castleton Free Library's revenue has grown at a compound annual growth rate (CAGR) of 15.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +226.6% | +33.5% | +75.8% |
| 2022 | -4.8% | +48.8% | -2.4% |
| 2021 | +55.0% | +10.4% | +17.2% |
| 2020 | -8.7% | +6.3% | +2.3% |
| 2019 | +7.2% | -7.5% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Castleton Free Library 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 Castleton Free Library 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 $349K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Castleton Free Library
Is Castleton Free Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Castleton Free Library (EIN: 223881668) insufficient data. 0 red flags identified, 0 strengths noted.
How does Castleton Free Library spend its money?
Detailed spending breakdown data is not yet available for Castleton Free Library. Check back for updated IRS 990 analysis.
Are donations to Castleton Free Library tax-deductible?
Castleton Free Library is registered as a tax-exempt nonprofit (EIN: 223881668). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Castleton Free Library located?
Castleton Free Library is headquartered in Castleton, Vermont and files with the IRS under EIN 223881668. It is classified under NTEE code B11.
How many years of IRS 990 filings does Castleton Free Library have?
Castleton Free Library has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $414K in total revenue.
Filing History
IRS 990 filing history for Castleton Free Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Castleton Free Library's revenue has grown by 489.3%, moving from $104K to $613K. Total assets increased by 284.2% over the same period, from $187K to $717K. Total functional expenses rose by 185.1%, from $93K to $264K. In its most recent filing year (2023), Castleton Free Library reported a surplus of $349K, with revenue exceeding expenses. The organization holds $2K in liabilities against $717K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $716K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $613K | $264K | $717K | $2K | — | View 990 |
| 2022 | $188K | $198K | $408K | $0 | — | View 990 |
| 2021 | $197K | $133K | $418K | $0 | — | — |
| 2020 | $127K | $120K | $357K | $3K | — | View 990 |
| 2019 | $139K | $113K | $349K | $1K | — | View 990 |
| 2018 | $130K | $123K | $322K | $94K | — | View 990 |
| 2017 | $139K | $122K | $315K | $94K | — | View 990 |
| 2016 | $124K | $104K | $298K | $85K | — | View 990 |
| 2015 | $121K | $119K | $280K | $86K | — | View 990 |
| 2014 | $130K | $113K | $278K | $83K | — | View 990 |
| 2013 | $120K | $131K | $251K | $74K | — | View 990 |
| 2012 | $106K | $99K | $253K | $853 | — | View 990 |
| 2011 | $104K | $93K | $187K | $650 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $613K, expenses of $264K, and assets of $717K (revenue +226.6% year-over-year).
- 2022: Revenue of $188K, expenses of $198K, and assets of $408K (revenue -4.8% year-over-year).
- 2021: Revenue of $197K, expenses of $133K, and assets of $418K (revenue +55.0% year-over-year).
- 2020: Revenue of $127K, expenses of $120K, and assets of $357K (revenue -8.7% year-over-year).
- 2019: Revenue of $139K, expenses of $113K, and assets of $349K (revenue +7.2% year-over-year).
- 2018: Revenue of $130K, expenses of $123K, and assets of $322K (revenue -6.3% year-over-year).
- 2017: Revenue of $139K, expenses of $122K, and assets of $315K (revenue +12.2% year-over-year).
- 2016: Revenue of $124K, expenses of $104K, and assets of $298K (revenue +2.5% year-over-year).
- 2015: Revenue of $121K, expenses of $119K, and assets of $280K (revenue -7.4% year-over-year).
- 2014: Revenue of $130K, expenses of $113K, and assets of $278K (revenue +9.0% year-over-year).
- 2013: Revenue of $120K, expenses of $131K, and assets of $251K (revenue +12.4% year-over-year).
- 2012: Revenue of $106K, expenses of $99K, and assets of $253K (revenue +2.4% year-over-year).
- 2011: Revenue of $104K, expenses of $93K, and assets of $187K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Castleton Free Library:
Data Sources and Methodology
This transparency report for Castleton Free Library 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.