East Haddam Free Public Library
EIN: 60724261 · Moodus, CT · NTEE: B71Z
| Metric | Value |
|---|---|
| Total Revenue | $128K |
| Total Expenses | $67K |
| Net Assets | $1.6M |
Is East Haddam Free Public Library Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About East Haddam Free Public Library
East Haddam Free Public Library (EIN: 60724261) is a nonprofit organization based in Moodus, CT, classified under NTEE code B71Z. The organization reported total revenue of $128K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of East Haddam Free Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
East Haddam Free Public Library is a small nonprofit that has been operating for 84 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $67K |
| Surplus / Deficit | $-10,420 |
| Total Assets | $1.6M |
| Net Assets | $1.6M |
| Operating Margin | -18.3% |
| Months of Reserves | 284.3 months |
Financial Health Grade: B
In 2023, East Haddam Free Public Library reported a deficit of $10K with expenses exceeding revenue, holds 284.3 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2023), East Haddam Free Public Library's revenue has declined at a compound annual growth rate (CAGR) of -11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +57.7% | +7.6% | +17.0% |
| 2022 | -63.1% | +9.8% | -19.0% |
| 2021 | +47.3% | -89.4% | +15.0% |
| 2020 | +8.8% | +1244.0% | -17.6% |
| 2019 | -19.0% | -8.6% | +14.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| IRS Ruling Date | 1942 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for East Haddam Free Public 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 East Haddam Free Public 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 deficit of $10K, with expenses exceeding revenue.
Frequently Asked Questions about East Haddam Free Public Library
Is East Haddam Free Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, East Haddam Free Public Library (EIN: 60724261) insufficient data. 0 red flags identified, 0 strengths noted.
How does East Haddam Free Public Library spend its money?
Detailed spending breakdown data is not yet available for East Haddam Free Public Library. Check back for updated IRS 990 analysis.
Are donations to East Haddam Free Public Library tax-deductible?
East Haddam Free Public Library is registered as a tax-exempt nonprofit (EIN: 60724261). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is East Haddam Free Public Library located?
East Haddam Free Public Library is headquartered in Moodus, Connecticut and files with the IRS under EIN 60724261. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does East Haddam Free Public Library have?
East Haddam Free Public Library has 14 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 $128K in total revenue.
Filing History
IRS 990 filing history for East Haddam Free Public Library showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), East Haddam Free Public Library's revenue has declined by 77.2%, moving from $250K to $57K. Total assets increased by 22.6% over the same period, from $1.3M to $1.6M. Total functional expenses fell by 40.3%, from $113K to $67K. In its most recent filing year (2023), East Haddam Free Public Library reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57K | $67K | $1.6M | $0 | — | — |
| 2022 | $36K | $63K | $1.4M | $0 | — | View 990 |
| 2021 | $98K | $57K | $1.7M | $0 | — | — |
| 2020 | $66K | $537K | $1.5M | $0 | — | — |
| 2019 | $61K | $40K | $1.8M | $0 | — | View 990 |
| 2018 | $75K | $44K | $1.5M | $0 | — | View 990 |
| 2017 | $55K | $43K | $1.6M | $0 | — | View 990 |
| 2016 | $54K | $46K | $1.5M | $0 | — | View 990 |
| 2015 | $43K | $29K | $1.4M | $1.2M | — | View 990 |
| 2014 | $36K | $7K | $1.5M | $0 | — | View 990 |
| 2014 | $133K | $26K | $1.5M | $0 | — | View 990 |
| 2013 | $243K | $145K | $1.4M | $0 | — | View 990 |
| 2012 | $139K | $147K | $1.3M | $0 | — | View 990 |
| 2011 | $250K | $113K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $57K, expenses of $67K, and assets of $1.6M (revenue +57.7% year-over-year).
- 2022: Revenue of $36K, expenses of $63K, and assets of $1.4M (revenue -63.1% year-over-year).
- 2021: Revenue of $98K, expenses of $57K, and assets of $1.7M (revenue +47.3% year-over-year).
- 2020: Revenue of $66K, expenses of $537K, and assets of $1.5M (revenue +8.8% year-over-year).
- 2019: Revenue of $61K, expenses of $40K, and assets of $1.8M (revenue -19.0% year-over-year).
- 2018: Revenue of $75K, expenses of $44K, and assets of $1.5M (revenue +36.2% year-over-year).
- 2017: Revenue of $55K, expenses of $43K, and assets of $1.6M (revenue +2.9% year-over-year).
- 2016: Revenue of $54K, expenses of $46K, and assets of $1.5M (revenue +24.7% year-over-year).
- 2015: Revenue of $43K, expenses of $29K, and assets of $1.4M (revenue +19.2% year-over-year).
- 2014: Revenue of $36K, expenses of $7K, and assets of $1.5M (revenue -72.8% year-over-year).
- 2014: Revenue of $133K, expenses of $26K, and assets of $1.5M (revenue -45.2% year-over-year).
- 2013: Revenue of $243K, expenses of $145K, and assets of $1.4M (revenue +74.7% year-over-year).
- 2012: Revenue of $139K, expenses of $147K, and assets of $1.3M (revenue -44.4% year-over-year).
- 2011: Revenue of $250K, expenses of $113K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for East Haddam Free Public Library:
Data Sources and Methodology
This transparency report for East Haddam Free Public 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.