Fenway Library Organization Inc
Fenway Library Organization: Steady Growth, Strong Program Focus
EIN: 222790548 · Boston, MA · NTEE: B70C · Updated: 2026-04-04
Is Fenway Library Organization Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fenway Library Organization Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fenway Library Organization Inc
Fenway Library Organization Inc (EIN: 222790548) is a nonprofit organization based in Boston, MA, classified under NTEE code B70C. The organization reported total revenue of $2.1M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fenway Library Organization Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fenway Library Organization Inc is a mid-size nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$196K |
| Total Assets | $3.3M |
| Total Liabilities | $281K |
| Net Assets | $3.0M |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 22.9 months |
Financial Health Grade: A
In 2024, Fenway Library Organization Inc reported a surplus of $196K with revenue exceeding expenses, holds 22.9 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Fenway Library Organization Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +26.5% | +21.9% | +10.7% |
| 2023 | +13.5% | +19.5% | +23.6% |
| 2022 | -4.7% | -0.7% | -4.4% |
| 2021 | +4.9% | -2.6% | +16.5% |
| 2020 | +24.4% | +33.2% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fenway Library Organization Inc with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Fenway Library Organization Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $196K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings.
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 Fenway Library Organization Inc:
- Consistent revenue growth over the past several years, from $842,793 in 2017 to $2,073,786 in 2024.
- Strong asset base, growing from $1,775,702 in 2017 to $3,400,451 in 2024.
- Low liability-to-asset ratio, indicating financial stability.
- Demonstrates a commitment to its mission with a high percentage of spending directed towards programs.
Frequently Asked Questions about Fenway Library Organization Inc
Is Fenway Library Organization Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fenway Library Organization Inc (EIN: 222790548) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Fenway Library Organization Inc spend its money?
Fenway Library Organization Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fenway Library Organization Inc tax-deductible?
Fenway Library Organization Inc is registered as a tax-exempt nonprofit (EIN: 222790548). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Fenway Library Organization Inc do?
Fenway Library Organization Inc is a nonprofit organization in the Education sector, located in Boston, Massachusetts. It is classified under NTEE code B70C.
How much revenue does Fenway Library Organization Inc have?
Fenway Library Organization Inc reported total revenue of $2,073,786. Based on 14 IRS 990 filings on record.
What are Fenway Library Organization Inc's total assets?
Fenway Library Organization Inc holds total assets of $3,400,451 as reported in IRS 990 filings.
Where is Fenway Library Organization Inc located?
Fenway Library Organization Inc is based in Boston, Massachusetts.
What is Fenway Library Organization Inc's EIN?
Fenway Library Organization Inc's Employer Identification Number (EIN) is 222790548. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Fenway Library Organization Inc?
Fenway Library Organization Inc is classified under NTEE code B70C (Education).
Is Fenway Library Organization Inc a registered 501(c)(3)?
Yes, Fenway Library Organization Inc is recognized as a tax-exempt organization by the IRS. EIN: 222790548.
Does Fenway Library Organization Inc file IRS Form 990?
Yes, Fenway Library Organization Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Fenway Library Organization Inc's revenue in 2024?
In the 202406 filing period, Fenway Library Organization Inc reported total revenue of $1,913,303, total expenses of $1,717,775, and net assets of $3,285,213.
Is Fenway Library Organization Inc's revenue growing or declining?
Fenway Library Organization Inc's revenue is growing. Revenue went from $1,511,999 (202306) to $1,913,303 (202406), a +26.5% change. Based on 14 filings on record.
What is Fenway Library Organization Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Fenway Library Organization Inc covers tax period 202406. It shows revenue of $1,913,303, expenses of $1,717,775, total assets of $3,285,213, and liabilities of $280,889.
How much does Fenway Library Organization Inc spend on programs vs administration?
Based on IRS 990 analysis, Fenway Library Organization Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Fenway Library Organization Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Fenway Library Organization Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Fenway Library Organization Inc's strengths?
Positive indicators for Fenway Library Organization Inc include: Consistent revenue growth over the past several years, from $842,793 in 2017 to $2,073,786 in 2024.. Strong asset base, growing from $1,775,702 in 2017 to $3,400,451 in 2024.. Low liability-to-asset ratio, indicating financial stability.. Demonstrates a commitment to its mission with a high percentage of spending directed towards programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Fenway Library Organization Inc compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Fenway Library Organization managed to achieve consistent revenue and asset growth over the past seven years?
The organization has shown a steady increase in revenue, nearly doubling from $1,071,888 in 2019 to $2,073,786 in 2024, alongside a significant increase in assets from $2,078,204 to $3,400,451 in the same period. This suggests effective fundraising strategies and prudent financial management.
What is the trend in the organization's liabilities, and what does it indicate about financial health?
Liabilities have fluctuated but remained relatively low compared to assets. For example, in 2024, liabilities were $280,889 against assets of $3,400,451, indicating a very healthy financial position with minimal debt burden.
Filing History
IRS 990 filing history for Fenway Library Organization Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Fenway Library Organization Inc's revenue has grown by 119.2%, moving from $873K to $1.9M. Total assets increased by 159.5% over the same period, from $1.3M to $3.3M. Total functional expenses rose by 91.1%, from $899K to $1.7M. In its most recent filing year (2024), Fenway Library Organization Inc reported a surplus of $196K, with revenue exceeding expenses. The organization holds $281K in liabilities against $3.3M in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.9M | $1.7M | $3.3M | $281K | — | View 990 |
| 2023 | $1.5M | $1.4M | $3.0M | $314K | — | View 990 |
| 2022 | $1.3M | $1.2M | $2.4M | $33K | — | View 990 |
| 2021 | $1.4M | $1.2M | $2.5M | $14K | — | View 990 |
| 2020 | $1.3M | $1.2M | $2.2M | $177K | — | View 990 |
| 2019 | $1.1M | $916K | $2.1M | $150K | — | View 990 |
| 2018 | $890K | $896K | $1.8M | $32K | — | View 990 |
| 2017 | $843K | $847K | $1.8M | $28K | — | View 990 |
| 2016 | $940K | $827K | $1.7M | $45K | — | View 990 |
| 2015 | $1.0M | $970K | $1.6M | $7K | — | View 990 |
| 2014 | $948K | $916K | $1.5M | $13K | — | View 990 |
| 2013 | $863K | $839K | $1.5M | $114K | — | View 990 |
| 2012 | $940K | $855K | $1.4M | $0 | — | View 990 |
| 2011 | $873K | $899K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.9M, expenses of $1.7M, and assets of $3.3M (revenue +26.5% year-over-year).
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $3.0M (revenue +13.5% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $2.4M (revenue -4.7% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.2M, and assets of $2.5M (revenue +4.9% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.2M, and assets of $2.2M (revenue +24.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $916K, and assets of $2.1M (revenue +20.5% year-over-year).
- 2018: Revenue of $890K, expenses of $896K, and assets of $1.8M (revenue +5.6% year-over-year).
- 2017: Revenue of $843K, expenses of $847K, and assets of $1.8M (revenue -10.4% year-over-year).
- 2016: Revenue of $940K, expenses of $827K, and assets of $1.7M (revenue -9.2% year-over-year).
- 2015: Revenue of $1.0M, expenses of $970K, and assets of $1.6M (revenue +9.3% year-over-year).
- 2014: Revenue of $948K, expenses of $916K, and assets of $1.5M (revenue +9.9% year-over-year).
- 2013: Revenue of $863K, expenses of $839K, and assets of $1.5M (revenue -8.3% year-over-year).
- 2012: Revenue of $940K, expenses of $855K, and assets of $1.4M (revenue +7.8% year-over-year).
- 2011: Revenue of $873K, expenses of $899K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fenway Library Organization Inc:
Data Sources and Methodology
This transparency report for Fenway Library Organization 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.