Friends Of The Lucy Robbins Welles Library Inc
Friends of Lucy Robbins Welles Library: Strong Program Spending, Limited Transparency
EIN: 222511658 · Newington, CT · NTEE: B71I · Updated: 2026-04-04
Is Friends Of The Lucy Robbins Welles 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 Lucy Robbins Welles Library Inc directs 74% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Friends Of The Lucy Robbins Welles Library Inc
Friends Of The Lucy Robbins Welles Library Inc (EIN: 222511658) is a nonprofit organization based in Newington, CT, classified under NTEE code B71I. The organization reported total revenue of $61K and total assets of $187K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Lucy Robbins Welles Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Lucy Robbins Welles Library Inc is a micro nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $58K |
| Total Expenses | $43K |
| Surplus / Deficit | +$15K |
| Total Assets | $187K |
| Total Liabilities | $2K |
| Net Assets | $185K |
| Operating Margin | 26.0% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 52.7 months |
Financial Health Grade: A
In 2024, Friends Of The Lucy Robbins Welles Library Inc reported a surplus of $15K with revenue exceeding expenses, holds 52.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Friends Of The Lucy Robbins Welles Library Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.2% | +1.5% | +9.2% |
| 2023 | +35.6% | -5.2% | +5.8% |
| 2022 | +6.8% | -21.5% | -5.3% |
| 2021 | -30.6% | -6.9% | -15.1% |
| 2020 | -20.8% | +21.2% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Lucy Robbins Welles 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: 10%
- programs: 74%
- fundraising: 16%
According to IRS 990 filings, Friends Of The Lucy Robbins Welles Library Inc allocates its expenses as follows: admin: 10%, programs: 74%, fundraising: 16%. Approximately 74% 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 $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation information is not disclosed in the provided data, indicating it is likely minimal or non-existent given the organization's size and mission.
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 Lucy Robbins Welles Library Inc's IRS 990 filings:
- Lack of detailed program descriptions or impact reports beyond financial figures.
- No specific executive compensation data available for assessment.
Strengths
The following positive indicators were identified for Friends Of The Lucy Robbins Welles Library Inc:
- Consistent revenue generation over several years, indicating stable support.
- High percentage of expenses allocated to programs (74% in 2024), suggesting a focus on mission.
- Healthy asset base relative to annual revenue, providing financial stability.
Frequently Asked Questions about Friends Of The Lucy Robbins Welles Library Inc
Is Friends Of The Lucy Robbins Welles Library Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Lucy Robbins Welles Library Inc (EIN: 222511658) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Friends Of The Lucy Robbins Welles Library Inc spend its money?
Friends Of The Lucy Robbins Welles Library Inc directs 74% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The Lucy Robbins Welles Library Inc tax-deductible?
Friends Of The Lucy Robbins Welles Library Inc is registered as a tax-exempt nonprofit (EIN: 222511658). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Friends Of The Lucy Robbins Welles Library Inc do?
Friends Of The Lucy Robbins Welles Library Inc is a nonprofit organization in the Education sector, located in Newington, Connecticut. It is classified under NTEE code B71I.
How much revenue does Friends Of The Lucy Robbins Welles Library Inc have?
Friends Of The Lucy Robbins Welles Library Inc reported total revenue of $60,882. Based on 14 IRS 990 filings on record.
What are Friends Of The Lucy Robbins Welles Library Inc's total assets?
Friends Of The Lucy Robbins Welles Library Inc holds total assets of $187,354 as reported in IRS 990 filings.
Where is Friends Of The Lucy Robbins Welles Library Inc located?
Friends Of The Lucy Robbins Welles Library Inc is based in Newington, Connecticut.
What is Friends Of The Lucy Robbins Welles Library Inc's EIN?
Friends Of The Lucy Robbins Welles Library Inc's Employer Identification Number (EIN) is 222511658. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Friends Of The Lucy Robbins Welles Library Inc?
Friends Of The Lucy Robbins Welles Library Inc is classified under NTEE code B71I (Education).
Is Friends Of The Lucy Robbins Welles Library Inc a registered 501(c)(3)?
Yes, Friends Of The Lucy Robbins Welles Library Inc is recognized as a tax-exempt organization by the IRS. EIN: 222511658.
Does Friends Of The Lucy Robbins Welles Library Inc file IRS Form 990?
Yes, Friends Of The Lucy Robbins Welles Library Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202408.
What was Friends Of The Lucy Robbins Welles Library Inc's revenue in 2024?
In the 202408 filing period, Friends Of The Lucy Robbins Welles Library Inc reported total revenue of $57,701, total expenses of $42,676, and net assets of $187,354.
Is Friends Of The Lucy Robbins Welles Library Inc's revenue growing or declining?
Friends Of The Lucy Robbins Welles Library Inc's revenue is growing. Revenue went from $51,447 (202308) to $57,701 (202408), a +12.2% change. Based on 14 filings on record.
What is Friends Of The Lucy Robbins Welles Library Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Friends Of The Lucy Robbins Welles Library Inc covers tax period 202408. It shows revenue of $57,701, expenses of $42,676, total assets of $187,354, and liabilities of $2,383.
How much does Friends Of The Lucy Robbins Welles Library Inc spend on programs vs administration?
Based on IRS 990 analysis, Friends Of The Lucy Robbins Welles Library Inc allocates approximately 74% of expenses to program services, 10% to administrative costs, and 16% to fundraising. Program spending is moderate relative to overhead.
Is Friends Of The Lucy Robbins Welles Library Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Friends Of The Lucy Robbins Welles Library Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Friends Of The Lucy Robbins Welles Library Inc?
The following concerns were identified: Lack of detailed program descriptions or impact reports beyond financial figures.. No specific executive compensation data available for assessment.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Friends Of The Lucy Robbins Welles Library Inc's strengths?
Positive indicators for Friends Of The Lucy Robbins Welles Library Inc include: Consistent revenue generation over several years, indicating stable support.. High percentage of expenses allocated to programs (74% in 2024), suggesting a focus on mission.. Healthy asset base relative to annual revenue, providing financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Friends Of The Lucy Robbins Welles Library Inc compensate executives?
Executive compensation information is not disclosed in the provided data, indicating it is likely minimal or non-existent given the organization's size and mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization ensure its program spending directly benefits the library and its patrons, given the lack of detailed program reporting?
While 74% of expenses in 2024 were allocated to programs ($42,676 out of $57,701 in revenue), the provided data does not detail specific initiatives or their outcomes, making it difficult to assess direct impact beyond the financial allocation.
What is the strategy behind the fluctuation in revenue and expenses over the past few years, and how does it align with long-term goals?
Revenue has fluctuated, for example, from $64,665 in 2019 to $35,519 in 2021, then up to $57,701 in 2024. Similarly, expenses varied from $50,037 in 2019 to $56,480 in 2021. The data does not provide context for these changes or how they relate to strategic planning or specific fundraising efforts.
Filing History
IRS 990 filing history for Friends Of The Lucy Robbins Welles Library Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Friends Of The Lucy Robbins Welles Library Inc's revenue has declined by 2.2%, moving from $59K to $58K. Total assets increased by 7.4% over the same period, from $174K to $187K. Total functional expenses fell by 14.7%, from $50K to $43K. In its most recent filing year (2024), Friends Of The Lucy Robbins Welles Library Inc reported a surplus of $15K, with revenue exceeding expenses. The organization holds $2K in liabilities against $187K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $185K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $58K | $43K | $187K | $2K | — | — |
| 2023 | $51K | $42K | $172K | $2K | — | View 990 |
| 2022 | $38K | $44K | $162K | $2K | — | View 990 |
| 2021 | $36K | $56K | $171K | $4K | — | View 990 |
| 2020 | $51K | $61K | $202K | $14K | — | View 990 |
| 2019 | $65K | $50K | $204K | $7K | — | View 990 |
| 2018 | $62K | $81K | $189K | $6K | — | View 990 |
| 2017 | $64K | $52K | $205K | $3K | — | — |
| 2016 | $61K | $45K | $193K | $3K | — | View 990 |
| 2015 | $56K | $53K | $185K | $12K | — | View 990 |
| 2014 | $57K | $52K | $172K | $2K | — | View 990 |
| 2013 | $54K | $60K | $171K | $6K | — | View 990 |
| 2012 | $55K | $58K | $174K | $4K | — | View 990 |
| 2011 | $59K | $50K | $174K | $721 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $58K, expenses of $43K, and assets of $187K (revenue +12.2% year-over-year).
- 2023: Revenue of $51K, expenses of $42K, and assets of $172K (revenue +35.6% year-over-year).
- 2022: Revenue of $38K, expenses of $44K, and assets of $162K (revenue +6.8% year-over-year).
- 2021: Revenue of $36K, expenses of $56K, and assets of $171K (revenue -30.6% year-over-year).
- 2020: Revenue of $51K, expenses of $61K, and assets of $202K (revenue -20.8% year-over-year).
- 2019: Revenue of $65K, expenses of $50K, and assets of $204K (revenue +4.7% year-over-year).
- 2018: Revenue of $62K, expenses of $81K, and assets of $189K (revenue -3.8% year-over-year).
- 2017: Revenue of $64K, expenses of $52K, and assets of $205K (revenue +5.1% year-over-year).
- 2016: Revenue of $61K, expenses of $45K, and assets of $193K (revenue +8.6% year-over-year).
- 2015: Revenue of $56K, expenses of $53K, and assets of $185K (revenue -2.1% year-over-year).
- 2014: Revenue of $57K, expenses of $52K, and assets of $172K (revenue +5.5% year-over-year).
- 2013: Revenue of $54K, expenses of $60K, and assets of $171K (revenue -0.6% year-over-year).
- 2012: Revenue of $55K, expenses of $58K, and assets of $174K (revenue -7.1% year-over-year).
- 2011: Revenue of $59K, expenses of $50K, and assets of $174K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Lucy Robbins Welles Library Inc:
Data Sources and Methodology
This transparency report for Friends Of The Lucy Robbins Welles 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.