Friends Of The Germantown Communitylibrary Inc
Friends Of The Germantown Communitylibrary Inc operates with no officer compensation and zero liabilities, showing consistent financial transparency despite fluctuating annual results.
EIN: 204454448 · Germantown, TN · NTEE: B11 · Updated: 2026-03-28
Is Friends Of The Germantown Communitylibrary Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The Germantown Communitylibrary Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Germantown Communitylibrary Inc
Friends Of The Germantown Communitylibrary Inc (EIN: 204454448) is a nonprofit organization based in Germantown, TN, classified under NTEE code B11. The organization reported total revenue of $120K and total assets of $121K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Germantown Communitylibrary 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 The Germantown Communitylibrary Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Friends Of The Germantown Communitylibrary 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 reports 0% officer compensation across all available filings, indicating a volunteer-led structure which significantly reduces administrative overhead and maximizes funds available for programmatic activities.
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 Germantown Communitylibrary Inc:
- Zero officer compensation, maximizing funds for programs.
- Consistent reporting of zero liabilities, indicating strong financial health.
- Regular IRS 990 filings demonstrate commitment to transparency.
- Positive asset growth from $11,192 in 2019 to $26,707 in 2023, despite some annual deficits.
- Strong program focus implied by low administrative overhead due to volunteer leadership.
Frequently Asked Questions about Friends Of The Germantown Communitylibrary Inc
Is Friends Of The Germantown Communitylibrary Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Germantown Communitylibrary Inc (EIN: 204454448) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Friends Of The Germantown Communitylibrary Inc spend its money?
Friends Of The Germantown Communitylibrary Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The Germantown Communitylibrary Inc tax-deductible?
Friends Of The Germantown Communitylibrary Inc is registered as a tax-exempt nonprofit (EIN: 204454448). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of The Germantown Communitylibrary Inc a good charity?
Based on the available data, Friends Of The Germantown Communitylibrary Inc appears to be a good charity. They consistently report 0% officer compensation, have zero liabilities, and demonstrate transparency through regular IRS 990 filings. These factors suggest efficient use of funds and a strong commitment to their mission.
How does the organization manage its finances given the revenue fluctuations?
The organization experiences fluctuations in annual revenue and expenses, for example, a surplus of $25,032 in 2022 and a deficit of $13,031 in 2023. Despite this, they maintain zero liabilities and have grown their assets from $11,192 in 2019 to $26,707 in 2023, indicating prudent financial management and an ability to absorb variations.
What is the impact of having no officer compensation?
The absence of officer compensation means that no salaries are paid to top executives, which is a significant positive for a nonprofit. This allows a greater proportion of the organization's revenue to be directed towards its programs and mission, enhancing its spending efficiency and impact.
Filing History
IRS 990 filing history for Friends Of The Germantown Communitylibrary Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Friends Of The Germantown Communitylibrary Inc's revenue has grown by 48.2%, moving from $69K to $102K. Total assets decreased by 28.4% over the same period, from $37K to $27K. Total functional expenses rose by 67.9%, from $69K to $115K. In its most recent filing year (2023), Friends Of The Germantown Communitylibrary Inc reported a deficit of $13K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $102K | $115K | $27K | $0 | — | View 990 |
| 2022 | $87K | $62K | $40K | $0 | — | — |
| 2021 | $67K | $79K | $15K | $0 | — | — |
| 2020 | $42K | $27K | $27K | $0 | — | View 990 |
| 2019 | $70K | $97K | $11K | $0 | — | View 990 |
| 2018 | $69K | $69K | $37K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $102K, expenses of $115K, and assets of $27K (revenue +17.4% year-over-year).
- 2022: Revenue of $87K, expenses of $62K, and assets of $40K (revenue +30.8% year-over-year).
- 2021: Revenue of $67K, expenses of $79K, and assets of $15K (revenue +58.1% year-over-year).
- 2020: Revenue of $42K, expenses of $27K, and assets of $27K (revenue -40.1% year-over-year).
- 2019: Revenue of $70K, expenses of $97K, and assets of $11K (revenue +2.0% year-over-year).
- 2018: Revenue of $69K, expenses of $69K, and assets of $37K.
Data Sources and Methodology
This transparency report for Friends Of The Germantown Communitylibrary 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.