Friends Of Stowe Free Library
Friends Of Stowe Free Library maintains strong financial health with growing assets and no liabilities.
EIN: 205452898 · Stowe, VT · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $13K |
| Program Spending | 90% |
| Net Assets | $230K |
| Transparency Score | 95/100 |
Is Friends Of Stowe Free 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 Stowe Free Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Stowe Free Library
Friends Of Stowe Free Library (EIN: 205452898) is a nonprofit organization based in Stowe, VT, classified under NTEE code B11. 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 Stowe Free Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Stowe Free Library is a micro nonprofit that has been operating for 20 years, with 4 years of IRS 990 filings on record (2019–2022). Revenue has grown at a compound annual rate of -38.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $37K |
| Total Expenses | $13K |
| Surplus / Deficit | +$23K |
| Total Assets | $230K |
| Net Assets | $230K |
| Operating Margin | 63.5% |
| Months of Reserves | 206.0 months |
Financial Health Grade: A
In 2022, Friends Of Stowe Free Library reported a surplus of $23K with revenue exceeding expenses, holds 206.0 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2019–2022), Friends Of Stowe Free Library's revenue has declined at a compound annual growth rate (CAGR) of -38.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +25.7% | -17.2% | +11.3% |
| 2021 | -33.1% | -55.1% | +6.7% |
| 2020 | -72.5% | +21.5% | +4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Stowe Free 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Friends Of Stowe Free 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating a volunteer-led structure or that executive functions are performed without direct salary, which is highly efficient for an organization 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.
Strengths
The following positive indicators were identified for Friends Of Stowe Free Library:
- Consistent asset growth, from $186,199 in 201906 to $230,225 in 202206.
- Zero reported liabilities across all filings, indicating strong financial health.
- No officer compensation reported, suggesting efficient use of funds and volunteer leadership.
- Healthy surplus in recent years (e.g., $36,784 revenue vs. $13,414 expenses in 202206).
- Strong program focus implied by low overall expenses relative to revenue and asset base.
Frequently Asked Questions about Friends Of Stowe Free Library
Is Friends Of Stowe Free Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Stowe Free Library (EIN: 205452898) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Friends Of Stowe Free Library spend its money?
Friends Of Stowe Free Library directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Stowe Free Library tax-deductible?
Friends Of Stowe Free Library is registered as a tax-exempt nonprofit (EIN: 205452898). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Friends Of Stowe Free Library compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Friends Of Stowe Free 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 Stowe Free Library located?
Friends Of Stowe Free Library is headquartered in Stowe, Vermont and files with the IRS under EIN 205452898. It is classified under NTEE code B11.
How many years of IRS 990 filings does Friends Of Stowe Free Library have?
Friends Of Stowe Free Library has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
How does Friends Of Stowe Free Library fund its operations given its revenue fluctuations?
The organization primarily relies on contributions and program service revenue. While revenue fluctuated, for example, from $159,094 in 201906 to $36,784 in 202206, their consistent asset growth suggests a strong base of support and prudent management of funds over time.
What is the primary use of the organization's assets?
Given its NTEE code (B11 - Libraries) and name, it's highly probable that the assets are primarily used to support the Stowe Free Library, potentially through endowments, investments, or direct funding for library programs and resources.
Filing History
IRS 990 filing history for Friends Of Stowe Free Library showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2022), Friends Of Stowe Free Library's revenue has declined by 76.9%, moving from $159K to $37K. Total assets increased by 23.6% over the same period, from $186K to $230K. Total functional expenses fell by 54.9%, from $30K to $13K. In its most recent filing year (2022), Friends Of Stowe Free Library reported a surplus of $23K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $37K | $13K | $230K | $0 | — | — |
| 2021 | $29K | $16K | $207K | $0 | — | — |
| 2020 | $44K | $36K | $194K | $0 | — | View 990 |
| 2019 | $159K | $30K | $186K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $37K, expenses of $13K, and assets of $230K (revenue +25.7% year-over-year).
- 2021: Revenue of $29K, expenses of $16K, and assets of $207K (revenue -33.1% year-over-year).
- 2020: Revenue of $44K, expenses of $36K, and assets of $194K (revenue -72.5% year-over-year).
- 2019: Revenue of $159K, expenses of $30K, and assets of $186K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Stowe Free Library:
Data Sources and Methodology
This transparency report for Friends Of Stowe Free 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.