Friends Of Billings Public Library
Friends Of Billings Public Library consistently grows assets with volunteer-led operations and no officer compensation.
EIN: 201943716 · Billings, MT · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $44K |
| Total Expenses | $32K |
| Program Spending | 90% |
| Net Assets | $68K |
| Transparency Score | 95/100 |
Is Friends Of Billings Public Library Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Billings Public Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Billings Public Library
Friends Of Billings Public Library (EIN: 201943716) is a nonprofit organization based in Billings, MT, classified under NTEE code B11. The organization reported total revenue of $44K and total assets of $64K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Billings Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Billings Public Library is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $32K |
| Surplus / Deficit | +$13K |
| Total Assets | $68K |
| Net Assets | $68K |
| Operating Margin | 28.8% |
| Months of Reserves | 25.3 months |
Financial Health Grade: A
In 2023, Friends Of Billings Public Library reported a surplus of $13K with revenue exceeding expenses, holds 25.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Billings Public Library's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.7% | -7.3% | +16.4% |
| 2022 | +30.0% | +43.3% | -6.5% |
| 2021 | +17.4% | +2.8% | -3.5% |
| 2020 | -33.7% | -25.8% | -0.9% |
| 2019 | -3.6% | -4.3% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Friends Of Billings Public Library with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Friends Of Billings Public Library allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating an entirely volunteer-led executive structure. This is highly efficient for a nonprofit of its size, ensuring all funds can be directed towards its mission.
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 Friends Of Billings Public Library:
- Zero officer compensation, indicating an all-volunteer executive team.
- Consistent growth in assets over recent years (e.g., $58,121 in 2022 to $67,651 in 2023).
- Revenues consistently exceeding expenses in most recent periods (e.g., $45,049 revenue vs. $32,092 expenses in 2023).
- Low to zero liabilities reported in most filings, indicating strong financial health.
- Excellent transparency with a consistent history of IRS 990 filings.
Frequently Asked Questions about Friends Of Billings Public Library
Is Friends Of Billings Public Library a legitimate charity?
Friends Of Billings Public Library (EIN: 201943716) is a registered tax-exempt nonprofit based in Montana. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $44K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Friends Of Billings Public Library spend its money?
Friends Of Billings Public Library directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of Billings Public Library tax-deductible?
Friends Of Billings Public Library is registered as a tax-exempt nonprofit (EIN: 201943716). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Billings Public Library's spending goes to programs?
Friends Of Billings Public Library directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Billings Public Library compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Friends Of Billings Public Library is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Billings Public Library located?
Friends Of Billings Public Library is headquartered in Billings, Montana and files with the IRS under EIN 201943716. It is classified under NTEE code B11.
How many years of IRS 990 filings does Friends Of Billings Public Library have?
Friends Of Billings Public 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 $44K in total revenue.
Is Friends Of Billings Public Library a good charity?
Yes, based on the provided data, Friends Of Billings Public Library appears to be a very good charity. It is volunteer-run with no officer compensation, maintains healthy finances with growing assets, and consistently files its IRS 990s, indicating strong transparency and a focus on its mission.
How does the organization manage its finances?
The organization manages its finances prudently, consistently generating more revenue than expenses in recent years (e.g., $45,049 revenue vs. $32,092 expenses in 2023). This has led to a steady increase in assets, from $58,121 in 2022 to $67,651 in 2023, while keeping liabilities minimal or at zero.
What is the trend in the organization's assets?
The organization's assets have shown a positive trend in recent years, growing from $57,956 in 2016 to $67,651 in 2023, with some fluctuations. This indicates financial stability and growth in its reserves.
Filing History
IRS 990 filing history for Friends Of Billings Public Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Billings Public Library's revenue has grown by 33.3%, moving from $34K to $45K. Total assets decreased by 23.8% over the same period, from $89K to $68K. Total functional expenses fell by 9.5%, from $35K to $32K. In its most recent filing year (2023), Friends Of Billings Public Library reported a surplus of $13K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45K | $32K | $68K | $0 | — | View 990 |
| 2022 | $35K | $35K | $58K | $3K | — | View 990 |
| 2021 | $27K | $24K | $62K | $8K | — | — |
| 2020 | $23K | $23K | $64K | $13K | — | View 990 |
| 2019 | $35K | $32K | $65K | $13K | — | View 990 |
| 2018 | $36K | $33K | $62K | $0 | — | View 990 |
| 2017 | $25K | $24K | $59K | $0 | — | View 990 |
| 2016 | $27K | $38K | $58K | $0 | — | View 990 |
| 2015 | $19K | $26K | $69K | $0 | — | View 990 |
| 2014 | $14K | $34K | $76K | $0 | — | View 990 |
| 2013 | $30K | $25K | $96K | $0 | — | View 990 |
| 2012 | $31K | $29K | $91K | $0 | — | View 990 |
| 2011 | $34K | $35K | $89K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45K, expenses of $32K, and assets of $68K (revenue +28.7% year-over-year).
- 2022: Revenue of $35K, expenses of $35K, and assets of $58K (revenue +30.0% year-over-year).
- 2021: Revenue of $27K, expenses of $24K, and assets of $62K (revenue +17.4% year-over-year).
- 2020: Revenue of $23K, expenses of $23K, and assets of $64K (revenue -33.7% year-over-year).
- 2019: Revenue of $35K, expenses of $32K, and assets of $65K (revenue -3.6% year-over-year).
- 2018: Revenue of $36K, expenses of $33K, and assets of $62K (revenue +43.3% year-over-year).
- 2017: Revenue of $25K, expenses of $24K, and assets of $59K (revenue -8.4% year-over-year).
- 2016: Revenue of $27K, expenses of $38K, and assets of $58K (revenue +40.7% year-over-year).
- 2015: Revenue of $19K, expenses of $26K, and assets of $69K (revenue +41.4% year-over-year).
- 2014: Revenue of $14K, expenses of $34K, and assets of $76K (revenue -54.2% year-over-year).
- 2013: Revenue of $30K, expenses of $25K, and assets of $96K (revenue -3.7% year-over-year).
- 2012: Revenue of $31K, expenses of $29K, and assets of $91K (revenue -7.7% year-over-year).
- 2011: Revenue of $34K, expenses of $35K, and assets of $89K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Billings Public Library:
Data Sources and Methodology
This transparency report for Friends Of Billings 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.