Friends Of The Richards Free Library Inc
Friends Of The Richards Free Library Inc reports no revenue or assets in latest filing.
EIN: 20490258 · Newport, NH · NTEE: B117 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Program Spending | 100% |
| Transparency Score | 60/100 |
Is Friends Of The Richards Free 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 Richards Free Library Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Richards Free Library Inc
Friends Of The Richards Free Library Inc (EIN: 20490258) is a nonprofit organization based in Newport, NH, classified under NTEE code B117. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Richards Free Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Richards Free Library Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Friends Of The Richards Free Library Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
No executive compensation information is available, which is expected given the reported zero revenue and assets, suggesting a volunteer-led structure with no paid staff.
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 Richards Free Library Inc's IRS 990 filings:
- Lack of financial data makes assessment impossible
- Zero revenue and assets could indicate inactivity or extremely limited operations
Strengths
The following positive indicators were identified for Friends Of The Richards Free Library Inc:
- Likely volunteer-driven, minimizing overhead costs
- Directly supports a community institution (Richards Free Library)
Frequently Asked Questions about Friends Of The Richards Free Library Inc
Is Friends Of The Richards Free Library Inc a legitimate charity?
Friends Of The Richards Free Library Inc (EIN: 20490258) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 60/100. 2 red flags identified. 2 strengths noted. Financial health grade: D.
How does Friends Of The Richards Free Library Inc spend its money?
Friends Of The Richards Free Library Inc directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Friends Of The Richards Free Library Inc tax-deductible?
Friends Of The Richards Free Library Inc is registered as a tax-exempt nonprofit (EIN: 20490258). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Friends Of The Richards Free Library Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Friends Of The Richards Free Library Inc is above average for NTEE category B117 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of The Richards Free Library Inc located?
Friends Of The Richards Free Library Inc is headquartered in Newport, New Hampshire and files with the IRS under EIN 20490258. It is classified under NTEE code B117.
Is Friends Of The Richards Free Library Inc a good charity?
Based solely on the IRS filing, it's impossible to determine if Friends Of The Richards Free Library Inc is a 'good' charity in terms of financial performance, as it reports no revenue or assets. Its effectiveness would depend on its non-financial contributions to the library.
How does Friends Of The Richards Free Library Inc fund its operations?
The latest IRS filing reports $0 in revenue, indicating that the organization either operates on an extremely small scale with no reportable income, or its funding comes from sources not required to be reported on the 990-EZ form due to its size.
What is the primary focus of Friends Of The Richards Free Library Inc?
As a 'Friends of the Library' organization (NTEE B117), its primary focus is typically to support the Richards Free Library through fundraising, volunteer efforts, and advocacy, even if not reflected in financial filings.
Data Sources and Methodology
This transparency report for Friends Of The Richards Free 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.