Friends Of The Lane Memorial Library
Friends Of The Lane Memorial Library reports strong revenue growth and zero officer compensation in its latest filing.
EIN: 20430943 · Hampton, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $103K |
| Total Expenses | $42K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $125,840 |
| Net Assets | $146K |
| Transparency Score | 95/100 |
Is Friends Of The Lane Memorial 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 The Lane Memorial Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Lane Memorial Library
Friends Of The Lane Memorial Library (EIN: 20430943) is a nonprofit organization based in Hampton, NH. The organization reported total revenue of $103K and total assets of $215K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Lane Memorial Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Lane Memorial Library is a small nonprofit that has been operating for 19 years.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $126K |
| Total Expenses | $42K |
| Surplus / Deficit | +$84K |
| Total Assets | $146K |
| Net Assets | $146K |
| Operating Margin | 66.7% |
| Months of Reserves | 41.8 months |
Financial Health Grade: A
In 2024, Friends Of The Lane Memorial Library reported a surplus of $84K with revenue exceeding expenses, holds 41.8 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Lane Memorial 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 The Lane Memorial 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $84K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reported 0% officer compensation in its latest filing (202408), indicating that no portion of its $125,840 revenue was allocated to executive salaries, which is highly favorable for a nonprofit 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 The Lane Memorial Library:
- Zero officer compensation reported in the latest filing (202408), indicating high efficiency and mission focus.
- Strong financial health with $214,598 in assets and $0 liabilities.
- Revenue significantly exceeds expenses ($125,840 vs $41,949 in 202408), suggesting efficient operations and potential for program growth.
- Consistent filing history with the IRS, demonstrating transparency.
Frequently Asked Questions about Friends Of The Lane Memorial Library
Is Friends Of The Lane Memorial Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Lane Memorial Library (EIN: 20430943) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Friends Of The Lane Memorial Library spend its money?
Friends Of The Lane Memorial Library directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The Lane Memorial Library tax-deductible?
Friends Of The Lane Memorial Library is registered as a tax-exempt nonprofit (EIN: 20430943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of The Lane Memorial Library CEO make?
Friends Of The Lane Memorial Library's highest-compensated officer earns $125,840 annually. The organization reported $103K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Friends Of The Lane Memorial Library located?
Friends Of The Lane Memorial Library is headquartered in Hampton, New Hampshire and files with the IRS under EIN 20430943.
Is Friends Of The Lane Memorial Library a good charity?
Based on the available data, Friends Of The Lane Memorial Library appears to be a very good charity. It has strong financial health with $214,598 in assets and no reported liabilities, and its latest filing shows 0% officer compensation, indicating a strong commitment to its mission.
How does Friends Of The Lane Memorial Library manage its expenses?
In the 202408 period, Friends Of The Lane Memorial Library incurred expenses of $41,949 against revenue of $125,840. This suggests efficient management, with a significant portion of revenue retained or directed towards its mission rather than administrative overhead.
What is the financial stability of Friends Of The Lane Memorial Library?
The organization demonstrates strong financial stability with $214,598 in assets and $0 in liabilities, as per the latest available data. This indicates a healthy balance sheet and capacity to sustain its operations.
Filing History
IRS 990 filing history for Friends Of The Lane Memorial Library showing financial trends over 1 year of public records:
In its most recent filing year (2024), Friends Of The Lane Memorial Library reported a surplus of $84K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $126K | $42K | $146K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Lane Memorial Library:
Data Sources and Methodology
This transparency report for Friends Of The Lane Memorial 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.