Essex Public Library
EIN: 510238359 · Tappahannock, VA
Is Essex 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 Essex Public Library
Essex Public Library (EIN: 510238359) is a nonprofit organization based in Tappahannock, VA. The organization reported total revenue of $227K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Essex Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Essex Public Library is a small nonprofit that has been operating for 47 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $150K |
| Surplus / Deficit | +$25K |
| Total Assets | $969K |
| Total Liabilities | $2K |
| Net Assets | $967K |
| Operating Margin | 14.3% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 77.7 months |
Financial Health Grade: A
In 2024, Essex Public Library reported a surplus of $25K with revenue exceeding expenses, holds 77.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Essex Public Library's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +19.3% | +6.1% | +22.1% |
| 2023 | -6.7% | +26.8% | +5.4% |
| 2022 | -6.2% | -10.4% | -7.5% |
| 2021 | +41.3% | +45.7% | +28.4% |
| 2020 | -16.9% | -35.0% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Essex 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 Essex 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Essex Public Library
Is Essex Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Essex Public Library (EIN: 510238359) insufficient data. 0 red flags identified, 0 strengths noted.
How does Essex Public Library spend its money?
Detailed spending breakdown data is not yet available for Essex Public Library. Check back for updated IRS 990 analysis.
Are donations to Essex Public Library tax-deductible?
Essex Public Library is registered as a tax-exempt nonprofit (EIN: 510238359). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Essex Public Library showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Essex Public Library's revenue has grown by 132.2%, moving from $75K to $175K. Total assets increased by 78.1% over the same period, from $544K to $969K. Total functional expenses rose by 86.2%, from $80K to $150K. In its most recent filing year (2024), Essex Public Library reported a surplus of $25K, with revenue exceeding expenses. The organization holds $2K in liabilities against $969K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $967K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $175K | $150K | $969K | $2K | — | View 990 |
| 2023 | $146K | $141K | $793K | $2K | — | View 990 |
| 2022 | $157K | $111K | $753K | $884 | — | View 990 |
| 2021 | $167K | $124K | $813K | $473 | — | — |
| 2020 | $118K | $85K | $633K | $0 | — | View 990 |
| 2019 | $143K | $131K | $628K | $13K | — | View 990 |
| 2018 | $109K | $114K | $608K | $3K | — | — |
| 2017 | $99K | $95K | $577K | $679 | — | View 990 |
| 2016 | $99K | $94K | $524K | $3K | — | View 990 |
| 2015 | $83K | $94K | $541K | $3K | — | — |
| 2014 | $117K | $83K | $551K | $2K | — | — |
| 2013 | $86K | $92K | $520K | $5K | — | — |
| 2012 | $66K | $87K | $528K | $6K | — | — |
| 2011 | $75K | $80K | $544K | $2K | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $175K, expenses of $150K, and assets of $969K (revenue +19.3% year-over-year).
- 2023: Revenue of $146K, expenses of $141K, and assets of $793K (revenue -6.7% year-over-year).
- 2022: Revenue of $157K, expenses of $111K, and assets of $753K (revenue -6.2% year-over-year).
- 2021: Revenue of $167K, expenses of $124K, and assets of $813K (revenue +41.3% year-over-year).
- 2020: Revenue of $118K, expenses of $85K, and assets of $633K (revenue -16.9% year-over-year).
- 2019: Revenue of $143K, expenses of $131K, and assets of $628K (revenue +30.4% year-over-year).
- 2018: Revenue of $109K, expenses of $114K, and assets of $608K (revenue +10.6% year-over-year).
- 2017: Revenue of $99K, expenses of $95K, and assets of $577K (revenue -0.3% year-over-year).
- 2016: Revenue of $99K, expenses of $94K, and assets of $524K (revenue +19.8% year-over-year).
- 2015: Revenue of $83K, expenses of $94K, and assets of $541K (revenue -29.1% year-over-year).
- 2014: Revenue of $117K, expenses of $83K, and assets of $551K (revenue +35.8% year-over-year).
- 2013: Revenue of $86K, expenses of $92K, and assets of $520K (revenue +31.3% year-over-year).
- 2012: Revenue of $66K, expenses of $87K, and assets of $528K (revenue -12.9% year-over-year).
- 2011: Revenue of $75K, expenses of $80K, and assets of $544K.
Data Sources and Methodology
This transparency report for Essex 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.