Dover Library Foundation Committee Inc
EIN: 300533141 · Dover, DE · NTEE: B11
| Metric | Value |
|---|---|
| Total Revenue | $18K |
| Total Expenses | $43K |
| Net Assets | $294K |
Is Dover Library Foundation Committee Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Dover Library Foundation Committee Inc
Dover Library Foundation Committee Inc (EIN: 300533141) is a nonprofit organization based in Dover, DE, classified under NTEE code B11. The organization reported total revenue of $18K and total assets of $376K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dover Library Foundation Committee Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dover Library Foundation Committee Inc is a micro nonprofit that has been operating for 17 years, with 7 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -23.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $43K |
| Surplus / Deficit | +$2K |
| Total Assets | $294K |
| Net Assets | $294K |
| Operating Margin | 4.6% |
| Months of Reserves | 81.7 months |
Financial Health Grade: A
In 2023, Dover Library Foundation Committee Inc reported a surplus of $2K with revenue exceeding expenses, holds 81.7 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2011–2023), Dover Library Foundation Committee Inc's revenue has declined at a compound annual growth rate (CAGR) of -23.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -60.1% | -26.7% | +0.7% |
| 2022 | +512.2% | +608.3% | +180.0% |
| 2015 | -78.7% | +411.8% | +10.9% |
| 2014 | -70.2% | -99.6% | +963.8% |
| 2013 | -21.4% | -72.8% | -94.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Dover Library Foundation Committee 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 Dover Library Foundation Committee 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 $2K, with revenue exceeding expenses.
Frequently Asked Questions about Dover Library Foundation Committee Inc
Is Dover Library Foundation Committee Inc a legitimate charity?
Dover Library Foundation Committee Inc (EIN: 300533141) is a registered tax-exempt nonprofit based in Delaware. It has 7 years of IRS 990 filings on record. Total revenue: $18K. No red flags identified. Financial health grade: A.
How does Dover Library Foundation Committee Inc spend its money?
Dover Library Foundation Committee Inc reported $18K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Dover Library Foundation Committee Inc tax-deductible?
Dover Library Foundation Committee Inc is registered as a tax-exempt nonprofit (EIN: 300533141). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Dover Library Foundation Committee Inc located?
Dover Library Foundation Committee Inc is headquartered in Dover, Delaware and files with the IRS under EIN 300533141. It is classified under NTEE code B11.
How many years of IRS 990 filings does Dover Library Foundation Committee Inc have?
Dover Library Foundation Committee Inc has 7 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 $18K in total revenue.
Filing History
IRS 990 filing history for Dover Library Foundation Committee Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2023), Dover Library Foundation Committee Inc's revenue has declined by 95.7%, moving from $1.0M to $45K. Total assets decreased by 80.1% over the same period, from $1.5M to $294K. Total functional expenses fell by 39.8%, from $72K to $43K. In its most recent filing year (2023), Dover Library Foundation Committee Inc reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45K | $43K | $294K | $0 | — | View 990 |
| 2022 | $113K | $59K | $292K | $0 | — | View 990 |
| 2015 | $19K | $8K | $104K | $0 | — | View 990 |
| 2014 | $87K | $2K | $94K | $0 | — | View 990 |
| 2013 | $291K | $454K | $9K | $0 | — | View 990 |
| 2012 | $370K | $1.7M | $173K | $0 | — | View 990 |
| 2011 | $1.0M | $72K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45K, expenses of $43K, and assets of $294K (revenue -60.1% year-over-year).
- 2022: Revenue of $113K, expenses of $59K, and assets of $292K (revenue +512.2% year-over-year).
- 2015: Revenue of $19K, expenses of $8K, and assets of $104K (revenue -78.7% year-over-year).
- 2014: Revenue of $87K, expenses of $2K, and assets of $94K (revenue -70.2% year-over-year).
- 2013: Revenue of $291K, expenses of $454K, and assets of $9K (revenue -21.4% year-over-year).
- 2012: Revenue of $370K, expenses of $1.7M, and assets of $173K (revenue -64.4% year-over-year).
- 2011: Revenue of $1.0M, expenses of $72K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dover Library Foundation Committee Inc:
Data Sources and Methodology
This transparency report for Dover Library Foundation Committee 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.