Friends Of Wood Memorial Library And Museum Inc
EIN: 61011396 · South Windsor, CT
Is Friends Of Wood Memorial Library And Museum Inc 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 Wood Memorial Library And Museum Inc
Friends Of Wood Memorial Library And Museum Inc (EIN: 61011396) is a nonprofit organization based in South Windsor, CT. The organization reported total revenue of $243K and total assets of $628K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Wood Memorial Library And Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Friends Of Wood Memorial Library And Museum Inc 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 Wood Memorial Library And Museum Inc 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.
Frequently Asked Questions about Friends Of Wood Memorial Library And Museum Inc
Is Friends Of Wood Memorial Library And Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Wood Memorial Library And Museum Inc (EIN: 61011396) insufficient data. 0 red flags identified, 0 strengths noted.
How does Friends Of Wood Memorial Library And Museum Inc spend its money?
Detailed spending breakdown data is not yet available for Friends Of Wood Memorial Library And Museum Inc. Check back for updated IRS 990 analysis.
Are donations to Friends Of Wood Memorial Library And Museum Inc tax-deductible?
Friends Of Wood Memorial Library And Museum Inc is registered as a tax-exempt nonprofit (EIN: 61011396). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Friends Of Wood Memorial Library And Museum Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Friends Of Wood Memorial Library And Museum Inc's revenue has grown by 439.9%, moving from $124K to $669K. Total assets increased by 150.9% over the same period, from $250K to $628K. Total functional expenses rose by 112.8%, from $117K to $250K. In its most recent filing year (2023), Friends Of Wood Memorial Library And Museum Inc reported a surplus of $419K, with revenue exceeding expenses. The organization holds $5K in liabilities against $628K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $623K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $669K | $250K | $628K | $5K | — | View 990 |
| 2022 | $192K | $195K | $196K | $4K | — | View 990 |
| 2021 | $170K | $162K | $225K | $17K | — | View 990 |
| 2020 | $184K | $163K | $203K | $21K | — | — |
| 2019 | $152K | $181K | $162K | $7K | — | View 990 |
| 2018 | $132K | $165K | $188K | $9K | — | View 990 |
| 2017 | $163K | $205K | $212K | $6K | — | View 990 |
| 2016 | $114K | $145K | $241K | $0 | — | View 990 |
| 2015 | $132K | $111K | $271K | $0 | — | View 990 |
| 2014 | $0 | $4K | $5K | $0 | — | View 990 |
| 2013 | $114K | $123K | $249K | $156 | — | View 990 |
| 2012 | $124K | $117K | $250K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $669K, expenses of $250K, and assets of $628K (revenue +248.4% year-over-year).
- 2022: Revenue of $192K, expenses of $195K, and assets of $196K (revenue +12.6% year-over-year).
- 2021: Revenue of $170K, expenses of $162K, and assets of $225K (revenue -7.6% year-over-year).
- 2020: Revenue of $184K, expenses of $163K, and assets of $203K (revenue +21.0% year-over-year).
- 2019: Revenue of $152K, expenses of $181K, and assets of $162K (revenue +15.6% year-over-year).
- 2018: Revenue of $132K, expenses of $165K, and assets of $188K (revenue -18.9% year-over-year).
- 2017: Revenue of $163K, expenses of $205K, and assets of $212K (revenue +42.4% year-over-year).
- 2016: Revenue of $114K, expenses of $145K, and assets of $241K (revenue -13.7% year-over-year).
- 2015: Revenue of $132K, expenses of $111K, and assets of $271K.
- 2014: Revenue of $0, expenses of $4K, and assets of $5K (revenue -100.0% year-over-year).
- 2013: Revenue of $114K, expenses of $123K, and assets of $249K (revenue -7.6% year-over-year).
- 2012: Revenue of $124K, expenses of $117K, and assets of $250K.
Data Sources and Methodology
This transparency report for Friends Of Wood Memorial Library And Museum 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.