Friends Of The Thomaston Public Library
EIN: 562460250 · Thomaston, ME · NTEE: B117
| Metric | Value |
|---|---|
| Total Expenses | $17K |
| Net Assets | $312K |
Is Friends Of The Thomaston Public Library Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends Of The Thomaston Public Library
Friends Of The Thomaston Public Library (EIN: 562460250) is a nonprofit organization based in Thomaston, ME, 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 Thomaston Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Thomaston Public Library is a small nonprofit that has been operating for 22 years, with 2 years of IRS 990 filings on record (2010–2011). Revenue has grown at a compound annual rate of 1664.6%.
Key Financial Metrics (2011)
From the most recent IRS 990 filing on record:
| Total Revenue | $312K |
| Total Expenses | $17K |
| Surplus / Deficit | +$294K |
| Total Assets | $329K |
| Total Liabilities | $18K |
| Net Assets | $312K |
| Operating Margin | 94.5% |
| Debt-to-Asset Ratio | 5.3% |
| Months of Reserves | 230.9 months |
Financial Health Grade: A
In 2011, Friends Of The Thomaston Public Library reported a surplus of $294K with revenue exceeding expenses, holds 230.9 months of operating reserves (strong position), has a debt-to-asset ratio of 5.3% (very low leverage).
Financial Trends
Over 2 years of filings (2010–2011), Friends Of The Thomaston Public Library's revenue has grown at a compound annual growth rate (CAGR) of 1664.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2011 | +1664.6% | +43.7% | +1779.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends Of The Thomaston Public Library has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of The Thomaston Public Library with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2011)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $294K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.3%.
Frequently Asked Questions about Friends Of The Thomaston Public Library
Is Friends Of The Thomaston Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Thomaston Public Library (EIN: 562460250) insufficient data. 0 red flags identified, 0 strengths noted.
How does Friends Of The Thomaston Public Library spend its money?
Detailed spending breakdown data is not yet available for Friends Of The Thomaston Public Library. Check back for updated IRS 990 analysis.
Are donations to Friends Of The Thomaston Public Library tax-deductible?
Friends Of The Thomaston Public Library is registered as a tax-exempt nonprofit (EIN: 562460250). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of The Thomaston Public Library located?
Friends Of The Thomaston Public Library is headquartered in Thomaston, Maine and files with the IRS under EIN 562460250. It is classified under NTEE code B117.
How many years of IRS 990 filings does Friends Of The Thomaston Public Library have?
Friends Of The Thomaston Public Library has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Friends Of The Thomaston Public Library showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2010–2011), Friends Of The Thomaston Public Library's revenue has grown by 1664.6%, moving from $18K to $312K. Total assets increased by 1779% over the same period, from $18K to $329K. Total functional expenses rose by 43.7%, from $12K to $17K. In its most recent filing year (2011), Friends Of The Thomaston Public Library reported a surplus of $294K, with revenue exceeding expenses. The organization holds $18K in liabilities against $329K in assets (debt-to-asset ratio: 5.3%), resulting in net assets of $312K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2011 | $312K | $17K | $329K | $18K | — | — |
| 2010 | $18K | $12K | $18K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Thomaston Public Library:
Data Sources and Methodology
This transparency report for Friends Of The Thomaston 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.