Friends Of Madbury Library
Friends Of Madbury Library reports $0 revenue and assets in its latest filing, signaling potential dormancy after years of significant income.
EIN: 20519736 · Madbury, NH · NTEE: B19 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $8K |
| Program Spending | 90% |
| Net Assets | $23K |
| Transparency Score | 65/100 |
Is Friends Of Madbury Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Madbury Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Madbury Library
Friends Of Madbury Library (EIN: 20519736) is a nonprofit organization based in Madbury, NH, classified under NTEE code B19. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Madbury Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Madbury Library is a micro nonprofit that has been operating for 13 years, with 4 years of IRS 990 filings on record (2017–2021). Revenue has grown at a compound annual rate of -27.9%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $8K |
| Surplus / Deficit | +$7K |
| Total Assets | $23K |
| Net Assets | $23K |
| Operating Margin | 45.7% |
| Months of Reserves | 33.4 months |
Financial Health Grade: A
In 2021, Friends Of Madbury Library reported a surplus of $7K with revenue exceeding expenses, holds 33.4 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2017–2021), Friends Of Madbury Library's revenue has declined at a compound annual growth rate (CAGR) of -27.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -89.6% | +452.9% | +29.8% |
| 2019 | +34.2% | -65.1% | -91.9% |
| 2018 | +93.0% | +16.1% | +92.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
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 Madbury Library with a Mission Score of 65 out of 100 (Good). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Friends Of Madbury Library allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is commendable for a nonprofit of its size.
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.
Red Flags
The following concerns were identified during AI analysis of Friends Of Madbury Library's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential dormancy or cessation of operations.
- Significant year-over-year fluctuations in revenue and assets without clear explanation in the provided data (e.g., $219,225 assets in 2018 down to $17,847 in 2019, then $0).
Strengths
The following positive indicators were identified for Friends Of Madbury Library:
- Consistently low expenses relative to revenue in active years, suggesting efficient financial management.
- 0% officer compensation across all filings, indicating a volunteer-driven leadership and minimal administrative overhead.
- Historically strong revenue generation in prior periods (e.g., $147,129 in 2019).
Frequently Asked Questions about Friends Of Madbury Library
Is Friends Of Madbury Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Madbury Library (EIN: 20519736) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Friends Of Madbury Library spend its money?
Friends Of Madbury Library directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Madbury Library tax-deductible?
Friends Of Madbury Library is registered as a tax-exempt nonprofit (EIN: 20519736). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Friends Of Madbury Library compare to similar nonprofits?
With a transparency score of 65/100 (Good), Friends Of Madbury Library is above average for NTEE category B19 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Madbury Library located?
Friends Of Madbury Library is headquartered in Madbury, New Hampshire and files with the IRS under EIN 20519736. It is classified under NTEE code B19.
How many years of IRS 990 filings does Friends Of Madbury Library have?
Friends Of Madbury Library has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What caused the drastic drop to $0 revenue and assets in the latest reporting period?
The provided data does not specify the reason for the sudden decline to $0 revenue and assets. This could indicate a period of inactivity, a change in reporting, or the organization ceasing operations.
How were the significant revenues from 2017-2019 utilized if expenses were consistently low?
In years like 2019, with $147,129 in revenue and only $1,507 in expenses, a large portion of funds was likely retained, contributing to asset growth (e.g., assets were $17,847 in 2019 and $219,225 in 2018) or held for future projects, rather than being spent on immediate programs.
Is Friends Of Madbury Library still an active organization?
The latest filing showing $0 revenue and assets strongly suggests the organization may be inactive or has significantly scaled down its operations. Further investigation beyond the provided IRS data would be needed to confirm its current status.
Filing History
IRS 990 filing history for Friends Of Madbury Library showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2017–2021), Friends Of Madbury Library's revenue has declined by 73%, moving from $57K to $15K. Total assets decreased by 79.7% over the same period, from $114K to $23K. Total functional expenses rose by 124.2%, from $4K to $8K. In its most recent filing year (2021), Friends Of Madbury Library reported a surplus of $7K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $15K | $8K | $23K | $0 | — | — |
| 2019 | $147K | $2K | $18K | $0 | — | View 990 |
| 2018 | $110K | $4K | $219K | $0 | — | View 990 |
| 2017 | $57K | $4K | $114K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $15K, expenses of $8K, and assets of $23K (revenue -89.6% year-over-year).
- 2019: Revenue of $147K, expenses of $2K, and assets of $18K (revenue +34.2% year-over-year).
- 2018: Revenue of $110K, expenses of $4K, and assets of $219K (revenue +93.0% year-over-year).
- 2017: Revenue of $57K, expenses of $4K, and assets of $114K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Madbury Library:
Data Sources and Methodology
This transparency report for Friends Of Madbury 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.