Friends Of The Conway Public Library

Friends Of The Conway Public Library shows strong financial growth and zero liabilities in recent filings.

EIN: 20498598 · Conway, NH · NTEE: B117 · Updated: 2026-03-28

$151KRevenue

$239KAssets

92/100Mission Score (Excellent)

B117

About Friends Of The Conway Public Library

Friends Of The Conway Public Library (EIN: 20498598) is a nonprofit organization based in Conway, NH, classified under NTEE code B117. The organization reported total revenue of $151K and total assets of $239K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Conway Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Friends Of The Conway Public Library demonstrates sound financial health, particularly in its most recent filing period (202312) where revenue significantly outpaced expenses ($95,542 vs. $55,907). The organization consistently maintains zero liabilities, indicating a very low financial risk profile. While the overall revenue has fluctuated, the trend in recent years shows growth, with the latest revenue of $151,219 being a substantial increase from previous periods. The organization's assets have also grown steadily, reaching $82,410 in 202312, further solidifying its financial stability.

Spending efficiency appears strong, especially given the consistent lack of officer compensation, suggesting that resources are directed towards the organization's mission rather than executive salaries. The absence of liabilities across all reported periods is a significant positive indicator of responsible financial management. The organization's focus on supporting the public library, as indicated by its NTEE code B117, aligns with its operational scale and financial activities.

Transparency is high, as evidenced by the consistent filing of IRS Form 990s over 13 periods and the clear reporting of financial metrics. The detailed breakdown of revenue, expenses, assets, and liabilities, along with the explicit mention of 0% officer compensation, provides a clear picture of the organization's financial operations. This level of consistent reporting allows for thorough analysis and builds trust with potential donors and the public.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friends Of The Conway Public Library with a Mission Score of 92 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Friends Of The Conway Public Library allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all filing periods, indicating that the organization is run by volunteers or compensated staff whose salaries are not classified as officer compensation, which is highly efficient for an organization of this 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 The Conway Public Library:

Consistent zero liabilities across all filing periods, indicating strong financial management.
Significant revenue growth in the latest filing period (202312 revenue of $95,542 vs. $55,907 expenses).
0% officer compensation reported in all filings, demonstrating efficient use of funds.
Steady growth in assets, reaching $82,410 in 202312.
Consistent IRS 990 filing history over 13 periods, indicating high transparency.

Frequently Asked Questions about Friends Of The Conway Public Library

Is Friends Of The Conway Public Library a good charity?

Based on its financial data, Friends Of The Conway Public Library appears to be a very good charity. It consistently maintains zero liabilities, has shown strong revenue growth in its latest period ($95,542 revenue vs. $55,907 expenses in 202312), and reports 0% officer compensation, indicating efficient use of funds for its mission.

How has the organization's financial health changed over time?

The organization's financial health has generally improved, especially in recent years. While revenue fluctuated in earlier periods, the 202312 filing shows a significant increase in revenue ($95,542) and assets ($82,410) compared to previous years, demonstrating growth and increased capacity.

What is the organization's approach to executive compensation?

The organization consistently reports 0% officer compensation across all 13 filings, suggesting a volunteer-led structure or that any compensated roles are not classified as officers, which is a highly efficient model for a nonprofit of this size.

Filing History

IRS 990 filing history for Friends Of The Conway Public Library showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Friends Of The Conway Public Library's revenue has grown by 175.4%, moving from $35K to $96K. Total assets increased by 518.9% over the same period, from $13K to $82K. Total functional expenses rose by 87.7%, from $30K to $56K. In its most recent filing year (2023), Friends Of The Conway Public Library reported a surplus of $40K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$96K	$56K	$82K	$0	—	View 990
2022	$18K	$20K	$43K	$0	—	View 990
2021	$25K	$24K	$45K	$0	—	—
2020	$11K	$11K	$44K	$0	—	View 990
2019	$23K	$19K	$43K	$0	—	View 990
2018	$17K	$14K	$39K	$0	—	View 990
2017	$12K	$9K	$36K	$0	—	View 990
2016	$13K	$11K	$32K	$0	—	View 990
2015	$13K	$10K	$30K	$0	—	View 990
2014	$28K	$10K	$27K	$0	—	View 990
2013	$12K	$14K	$9K	$0	—	View 990
2012	$17K	$19K	$12K	$0	—	View 990
2011	$35K	$30K	$13K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $96K, expenses of $56K, and assets of $82K (revenue +440.1% year-over-year).
2022: Revenue of $18K, expenses of $20K, and assets of $43K (revenue -29.1% year-over-year).
2021: Revenue of $25K, expenses of $24K, and assets of $45K (revenue +123.5% year-over-year).
2020: Revenue of $11K, expenses of $11K, and assets of $44K (revenue -51.3% year-over-year).
2019: Revenue of $23K, expenses of $19K, and assets of $43K (revenue +34.0% year-over-year).
2018: Revenue of $17K, expenses of $14K, and assets of $39K (revenue +45.0% year-over-year).
2017: Revenue of $12K, expenses of $9K, and assets of $36K (revenue -9.6% year-over-year).
2016: Revenue of $13K, expenses of $11K, and assets of $32K (revenue -1.2% year-over-year).
2015: Revenue of $13K, expenses of $10K, and assets of $30K (revenue -52.1% year-over-year).
2014: Revenue of $28K, expenses of $10K, and assets of $27K (revenue +138.4% year-over-year).
2013: Revenue of $12K, expenses of $14K, and assets of $9K (revenue -31.8% year-over-year).
2012: Revenue of $17K, expenses of $19K, and assets of $12K (revenue -51.0% year-over-year).
2011: Revenue of $35K, expenses of $30K, and assets of $13K.

Data Sources and Methodology

This transparency report for Friends Of The Conway 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.