Friends Of The Avon Free Public Library Inc
Friends Of The Avon Free Public Library Inc: Strong Mission, High Admin Costs
EIN: 223038009 · Avon, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $74K |
| Total Expenses | $47K |
| Program Spending | 60% |
| Net Assets | $154K |
| Transparency Score | 85/100 |
Is Friends Of The Avon Free 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 The Avon Free Public Library Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Friends Of The Avon Free Public Library Inc
Friends Of The Avon Free Public Library Inc (EIN: 223038009) is a nonprofit organization based in Avon, CT. The organization reported total revenue of $74K and total assets of $154K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Avon Free Public Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Avon Free Public Library Inc is a micro nonprofit that has been operating for 32 years, with 2 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $47K |
| Surplus / Deficit | +$13K |
| Total Assets | $154K |
| Net Assets | $154K |
| Operating Margin | 21.5% |
| Months of Reserves | 39.2 months |
Financial Health Grade: A
In 2024, Friends Of The Avon Free Public Library Inc reported a surplus of $13K with revenue exceeding expenses, holds 39.2 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2012–2024), Friends Of The Avon Free Public Library Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +96.0% | -60.2% | +263.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 The Avon Free Public Library 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: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Friends Of The Avon Free Public Library Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation information is not applicable as the organization's filings indicate no compensation paid to officers, directors, trustees, or key employees.
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 The Avon Free Public Library Inc's IRS 990 filings:
- Administrative expenses appear high relative to program spending in the 202406 filing, with $47,107 in expenses against $59,971 in revenue.
- The significant increase in assets from $42,300 in 2012 to $153,928 in 2024, while positive, lacks detailed explanation for the growth drivers.
Strengths
The following positive indicators were identified for Friends Of The Avon Free Public Library Inc:
- Demonstrates a clear and focused mission supporting the local public library.
- Consistent revenue generation, with an increase from $30,595 in 2012 to $59,971 in 2024.
- Healthy asset growth over the past decade, indicating financial stability.
- Zero reported lobbying expenses, suggesting direct focus on mission-related activities.
Frequently Asked Questions about Friends Of The Avon Free Public Library Inc
Is Friends Of The Avon Free Public Library Inc a legitimate charity?
Friends Of The Avon Free Public Library Inc (EIN: 223038009) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 2 years of IRS 990 filings on record. Total revenue: $74K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Friends Of The Avon Free Public Library Inc spend its money?
Friends Of The Avon Free Public Library Inc directs 60% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Friends Of The Avon Free Public Library Inc tax-deductible?
Friends Of The Avon Free Public Library Inc is registered as a tax-exempt nonprofit (EIN: 223038009). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of The Avon Free Public Library Inc's spending goes to programs?
Friends Of The Avon Free Public Library Inc directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Friends Of The Avon Free Public Library Inc located?
Friends Of The Avon Free Public Library Inc is headquartered in Avon, Connecticut and files with the IRS under EIN 223038009.
How many years of IRS 990 filings does Friends Of The Avon Free Public Library Inc have?
Friends Of The Avon Free Public Library Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $74K in total revenue.
What does Friends Of The Avon Free Public Library Inc do?
Friends Of The Avon Free Public Library Inc is a nonprofit organization in the Unknown sector, located in Avon, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Friends Of The Avon Free Public Library Inc have?
Friends Of The Avon Free Public Library Inc reported total revenue of $73,919. Based on 2 IRS 990 filings on record.
What are Friends Of The Avon Free Public Library Inc's total assets?
Friends Of The Avon Free Public Library Inc holds total assets of $153,928 as reported in IRS 990 filings.
Where is Friends Of The Avon Free Public Library Inc located?
Friends Of The Avon Free Public Library Inc is based in Avon, Connecticut.
What is Friends Of The Avon Free Public Library Inc's EIN?
Friends Of The Avon Free Public Library Inc's Employer Identification Number (EIN) is 223038009. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Friends Of The Avon Free Public Library Inc?
Friends Of The Avon Free Public Library Inc is classified under NTEE code Unknown (Unknown).
Is Friends Of The Avon Free Public Library Inc a registered 501(c)(3)?
Friends Of The Avon Free Public Library Inc appears in IRS records (EIN: 223038009). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Friends Of The Avon Free Public Library Inc file IRS Form 990?
Yes, Friends Of The Avon Free Public Library Inc has 2 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Friends Of The Avon Free Public Library Inc's revenue in 2024?
In the 202406 filing period, Friends Of The Avon Free Public Library Inc reported total revenue of $59,971, total expenses of $47,107, and net assets of $153,928.
Is Friends Of The Avon Free Public Library Inc's revenue growing or declining?
Friends Of The Avon Free Public Library Inc's revenue is growing. Revenue went from $30,595 (201206) to $59,971 (202406), a +96.0% change.
What is Friends Of The Avon Free Public Library Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Friends Of The Avon Free Public Library Inc covers tax period 202406. It shows revenue of $59,971, expenses of $47,107, total assets of $153,928, and liabilities of N/A.
How much does Friends Of The Avon Free Public Library Inc spend on programs vs administration?
Based on IRS 990 analysis, Friends Of The Avon Free Public Library Inc allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Friends Of The Avon Free Public Library Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Friends Of The Avon Free Public Library Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for Friends Of The Avon Free Public Library Inc?
The following concerns were identified: Administrative expenses appear high relative to program spending in the 202406 filing, with $47,107 in expenses against $59,971 in revenue.. The significant increase in assets from $42,300 in 2012 to $153,928 in 2024, while positive, lacks detailed explanation for the growth drivers.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Friends Of The Avon Free Public Library Inc's strengths?
Positive indicators for Friends Of The Avon Free Public Library Inc include: Demonstrates a clear and focused mission supporting the local public library.. Consistent revenue generation, with an increase from $30,595 in 2012 to $59,971 in 2024.. Healthy asset growth over the past decade, indicating financial stability.. Zero reported lobbying expenses, suggesting direct focus on mission-related activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Friends Of The Avon Free Public Library Inc compensate executives?
Executive compensation information is not applicable as the organization's filings indicate no compensation paid to officers, directors, trustees, or key employees. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Friends Of' structure, what specific mechanisms are in place to ensure funds directly benefit the library's operational needs versus general support?
While the filings show general expenses, the specific allocation to library operational needs versus other support activities would require reviewing internal agreements or detailed program reports not available in public IRS filings.
How does the organization plan to optimize its spending breakdown to reduce the administrative percentage and increase direct program support for the library?
The current filings do not provide a strategic plan for optimizing spending. A detailed operational budget or strategic report would be needed to understand future spending allocation goals.
Filing History
IRS 990 filing history for Friends Of The Avon Free Public Library Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2012–2024), Friends Of The Avon Free Public Library Inc's revenue has grown by 96%, moving from $31K to $60K. Total assets increased by 263.9% over the same period, from $42K to $154K. Total functional expenses fell by 60.2%, from $118K to $47K. In its most recent filing year (2024), Friends Of The Avon Free Public Library Inc reported a surplus of $13K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $60K | $47K | $154K | $0 | — | — |
| 2012 | $31K | $118K | $42K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Avon Free Public Library Inc:
Data Sources and Methodology
This transparency report for Friends Of The Avon Free 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.