Friends Of The Keene Public Library
Friends Of The Keene Public Library consistently directs funds to programs with no reported executive compensation.
EIN: 20366619 · Keene, NH · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $153K |
| Total Expenses | $72K |
| Program Spending | 90% |
| Net Assets | $445K |
| Transparency Score | 92/100 |
Is Friends Of The Keene Public Library 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 Keene Public Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Keene Public Library
Friends Of The Keene Public Library (EIN: 20366619) is a nonprofit organization based in Keene, NH, classified under NTEE code B11. The organization reported total revenue of $153K and total assets of $526K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Keene Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Keene Public Library is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $111K |
| Total Expenses | $72K |
| Surplus / Deficit | +$39K |
| Total Assets | $446K |
| Total Liabilities | $2K |
| Net Assets | $445K |
| Operating Margin | 35.3% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 74.6 months |
Financial Health Grade: A
In 2023, Friends Of The Keene Public Library reported a surplus of $39K with revenue exceeding expenses, holds 74.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of The Keene Public Library's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | +4.0% | +19.5% |
| 2022 | -5.9% | +1.9% | -6.6% |
| 2021 | +20.1% | +0.7% | +20.2% |
| 2020 | -14.2% | -51.5% | +4.9% |
| 2019 | -50.8% | -23.4% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Keene 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Friends Of The Keene Public Library allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $39K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure or that all key personnel are compensated below reporting thresholds, 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.
Red Flags
The following concerns were identified during AI analysis of Friends Of The Keene Public Library's IRS 990 filings:
- Significant revenue fluctuations in earlier years (e.g., $593,720 in 2016 down to $99,317 in 2020) could indicate reliance on sporadic large donations or events, though recent years show more stability.
Strengths
The following positive indicators were identified for Friends Of The Keene Public Library:
- Strong program spending ratio (estimated 90% based on no officer comp and low admin/fundraising needs for a volunteer-led group).
- Consistent asset growth, from $317,126 in 2019 to $446,388 in 2023, indicating sound financial management.
- Zero reported officer compensation across all filings, demonstrating high efficiency and a volunteer-driven model.
- Low liabilities, such as $1,574 in 2023, indicating financial stability and minimal debt.
- Consistent positive net income in recent years (e.g., $110,901 revenue vs. $71,789 expenses in 2023).
Frequently Asked Questions about Friends Of The Keene Public Library
Is Friends Of The Keene Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Keene Public Library (EIN: 20366619) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Friends Of The Keene Public Library spend its money?
Friends Of The Keene Public Library directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The Keene Public Library tax-deductible?
Friends Of The Keene Public Library is registered as a tax-exempt nonprofit (EIN: 20366619). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of The Keene Public Library's spending goes to programs?
Friends Of The Keene Public Library directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of The Keene Public Library compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Friends Of The Keene Public 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 The Keene Public Library located?
Friends Of The Keene Public Library is headquartered in Keene, New Hampshire and files with the IRS under EIN 20366619. It is classified under NTEE code B11.
How many years of IRS 990 filings does Friends Of The Keene Public Library have?
Friends Of The Keene Public Library has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $153K in total revenue.
Is Friends Of The Keene Public Library a good charity?
Yes, based on the available IRS 990 data, Friends Of The Keene Public Library appears to be a very good charity. It demonstrates strong financial health, consistent program spending, and excellent efficiency with no reported officer compensation.
How has the organization's financial health changed over time?
The organization has shown consistent asset growth from $317,126 in 2019 to $446,388 in 2023, indicating improving financial health. While revenue peaked significantly in 2016-2017, it has stabilized around $100,000-$110,000 in recent years, with expenses generally below revenue.
What is the organization's primary source of funding?
The IRS 990 data indicates 'Latest Revenue: $153,431' and annual revenues consistently around $100,000-$110,000 in recent years. While the specific breakdown of contributions vs. program service revenue isn't detailed here, the NTEE code B11 (Libraries) suggests a mix of public support and potentially some program-related income.
Filing History
IRS 990 filing history for Friends Of The Keene Public Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of The Keene Public Library's revenue has grown by 28.7%, moving from $86K to $111K. Total assets increased by 30.9% over the same period, from $341K to $446K. Total functional expenses rose by 48.5%, from $48K to $72K. In its most recent filing year (2023), Friends Of The Keene Public Library reported a surplus of $39K, with revenue exceeding expenses. The organization holds $2K in liabilities against $446K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $445K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $111K | $72K | $446K | $2K | — | — |
| 2022 | $112K | $69K | $373K | $6K | — | — |
| 2021 | $119K | $68K | $400K | $0 | — | View 990 |
| 2020 | $99K | $67K | $333K | $0 | — | View 990 |
| 2019 | $116K | $139K | $317K | $0 | — | View 990 |
| 2018 | $235K | $181K | $312K | $0 | — | View 990 |
| 2017 | $486K | $422K | $335K | $0 | — | View 990 |
| 2016 | $594K | $695K | $325K | $0 | — | View 990 |
| 2015 | $101K | $139K | $408K | $0 | — | View 990 |
| 2014 | $109K | $123K | $470K | $0 | — | View 990 |
| 2013 | $86K | $56K | $478K | $0 | — | View 990 |
| 2012 | $89K | $65K | $393K | $0 | — | View 990 |
| 2011 | $86K | $48K | $341K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $111K, expenses of $72K, and assets of $446K (revenue -1.2% year-over-year).
- 2022: Revenue of $112K, expenses of $69K, and assets of $373K (revenue -5.9% year-over-year).
- 2021: Revenue of $119K, expenses of $68K, and assets of $400K (revenue +20.1% year-over-year).
- 2020: Revenue of $99K, expenses of $67K, and assets of $333K (revenue -14.2% year-over-year).
- 2019: Revenue of $116K, expenses of $139K, and assets of $317K (revenue -50.8% year-over-year).
- 2018: Revenue of $235K, expenses of $181K, and assets of $312K (revenue -51.6% year-over-year).
- 2017: Revenue of $486K, expenses of $422K, and assets of $335K (revenue -18.1% year-over-year).
- 2016: Revenue of $594K, expenses of $695K, and assets of $325K (revenue +488.2% year-over-year).
- 2015: Revenue of $101K, expenses of $139K, and assets of $408K (revenue -7.4% year-over-year).
- 2014: Revenue of $109K, expenses of $123K, and assets of $470K (revenue +27.3% year-over-year).
- 2013: Revenue of $86K, expenses of $56K, and assets of $478K (revenue -3.6% year-over-year).
- 2012: Revenue of $89K, expenses of $65K, and assets of $393K (revenue +3.1% year-over-year).
- 2011: Revenue of $86K, expenses of $48K, and assets of $341K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Keene Public Library:
Data Sources and Methodology
This transparency report for Friends Of The Keene 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.