Friends Of Newbury Public Library Inc
Friends Of Newbury Public Library Inc maintains stable, modest finances with no liabilities or officer compensation.
EIN: 20518745 · Newbury, NH · NTEE: B117 · Updated: 2026-03-28
Is Friends Of Newbury Public Library Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Newbury Public Library Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Newbury Public Library Inc
Friends Of Newbury Public Library Inc (EIN: 20518745) is a nonprofit organization based in Newbury, NH, classified under NTEE code B117. The organization reported total revenue of $10K and total assets of $16K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Newbury Public Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Newbury Public Library Inc with a Mission Score of 90 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: 90%
- fundraising: 0%
According to IRS 990 filings, Friends Of Newbury Public Library Inc 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executives or officers receive salaries, which is highly efficient for a small nonprofit.
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 Newbury Public Library Inc's IRS 990 filings:
- Expenses exceeded revenue in the latest filing (202312) by $5,403, leading to a decrease in assets.
Strengths
The following positive indicators were identified for Friends Of Newbury Public Library Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive pay.
- Zero reported liabilities across all filings, demonstrating strong financial health and no debt.
- Long history of IRS 990 filings (13 periods), indicating strong transparency and compliance.
- Stable asset base over many years, showing financial resilience for a small organization.
Frequently Asked Questions about Friends Of Newbury Public Library Inc
Is Friends Of Newbury Public Library Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Newbury Public Library Inc (EIN: 20518745) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Friends Of Newbury Public Library Inc spend its money?
Friends Of Newbury Public Library Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Newbury Public Library Inc tax-deductible?
Friends Of Newbury Public Library Inc is registered as a tax-exempt nonprofit (EIN: 20518745). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of Newbury Public Library Inc a good charity?
Yes, based on the available data, it appears to be a well-managed small charity. It consistently reports no officer compensation, no liabilities, and has a history of regular IRS filings, indicating transparency and efficient use of funds for its mission.
How does the organization manage its expenses relative to its revenue?
The organization generally manages its expenses well, with revenues often exceeding or closely matching expenses. For example, in 202212, revenue was $15,214 against expenses of $11,920. However, there are occasional years, like 202312, where expenses ($16,871) temporarily exceed revenue ($11,468), drawing from accumulated assets.
What is the trend in the organization's assets?
The organization's assets have fluctuated but generally remained stable over time, typically ranging from $15,000 to $29,000. They peaked at $29,447 in 202212 and decreased to $24,045 in 202312, likely due to expenses exceeding revenue in the latest period.
Filing History
IRS 990 filing history for Friends Of Newbury Public Library Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Newbury Public Library Inc's revenue has declined by 20.6%, moving from $14K to $11K. Total assets increased by 23.1% over the same period, from $20K to $24K. Total functional expenses rose by 62.2%, from $10K to $17K. In its most recent filing year (2023), Friends Of Newbury Public Library Inc reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $11K | $17K | $24K | $0 | — | View 990 |
| 2022 | $15K | $12K | $29K | $0 | — | View 990 |
| 2021 | $11K | $11K | $26K | $0 | — | View 990 |
| 2020 | $14K | $9K | $25K | $0 | — | View 990 |
| 2019 | $14K | $10K | $21K | $0 | — | View 990 |
| 2018 | $12K | $14K | $17K | $0 | — | View 990 |
| 2017 | $15K | $12K | $19K | $0 | — | View 990 |
| 2016 | $13K | $13K | $16K | $0 | — | View 990 |
| 2015 | $15K | $15K | $17K | $0 | — | View 990 |
| 2014 | $11K | $15K | $17K | $0 | — | View 990 |
| 2013 | $12K | $8K | $21K | $0 | — | View 990 |
| 2012 | $9K | $12K | $17K | $0 | — | View 990 |
| 2011 | $14K | $10K | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11K, expenses of $17K, and assets of $24K (revenue -24.6% year-over-year).
- 2022: Revenue of $15K, expenses of $12K, and assets of $29K (revenue +33.3% year-over-year).
- 2021: Revenue of $11K, expenses of $11K, and assets of $26K (revenue -18.0% year-over-year).
- 2020: Revenue of $14K, expenses of $9K, and assets of $25K (revenue +1.6% year-over-year).
- 2019: Revenue of $14K, expenses of $10K, and assets of $21K (revenue +11.8% year-over-year).
- 2018: Revenue of $12K, expenses of $14K, and assets of $17K (revenue -15.9% year-over-year).
- 2017: Revenue of $15K, expenses of $12K, and assets of $19K (revenue +14.1% year-over-year).
- 2016: Revenue of $13K, expenses of $13K, and assets of $16K (revenue -13.0% year-over-year).
- 2015: Revenue of $15K, expenses of $15K, and assets of $17K (revenue +34.2% year-over-year).
- 2014: Revenue of $11K, expenses of $15K, and assets of $17K (revenue -11.2% year-over-year).
- 2013: Revenue of $12K, expenses of $8K, and assets of $21K (revenue +32.3% year-over-year).
- 2012: Revenue of $9K, expenses of $12K, and assets of $17K (revenue -35.4% year-over-year).
- 2011: Revenue of $14K, expenses of $10K, and assets of $20K.
Data Sources and Methodology
This transparency report for Friends Of Newbury Public Library 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.