Gafney Library
Gafney Library shows consistent asset growth and no reported officer compensation over the past decade.
EIN: 20235170 · Sanbornville, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $430K |
| Total Expenses | $253K |
| Program Spending | 90% |
| Net Assets | $1.7M |
| Transparency Score | 90/100 |
Is Gafney Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gafney Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gafney Library
Gafney Library (EIN: 20235170) is a nonprofit organization based in Sanbornville, NH. The organization reported total revenue of $430K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gafney Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gafney Library is a small nonprofit that has been operating for 71 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $339K |
| Total Expenses | $253K |
| Surplus / Deficit | +$86K |
| Total Assets | $2.0M |
| Total Liabilities | $264K |
| Net Assets | $1.7M |
| Operating Margin | 25.4% |
| Debt-to-Asset Ratio | 13.1% |
| Months of Reserves | 95.6 months |
Financial Health Grade: A
In 2023, Gafney Library reported a surplus of $86K with revenue exceeding expenses, holds 95.6 months of operating reserves (strong position), has a debt-to-asset ratio of 13.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gafney Library's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.3% | +13.5% | -0.7% |
| 2022 | -51.6% | +9.6% | +37.8% |
| 2021 | +63.1% | -17.7% | +79.9% |
| 2020 | +80.7% | +2.9% | +65.4% |
| 2019 | +39.0% | +5.7% | +68.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1955 |
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 Gafney Library with a Mission Score of 90 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, Gafney 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $86K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.1%.
Executive Compensation Analysis
Gafney Library consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable 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.
Red Flags
The following concerns were identified during AI analysis of Gafney Library's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Gafney Library:
- Consistent asset growth, from $358,616 in 2014 to over $2 million in 2023.
- No reported officer compensation across all filings, indicating high efficiency in directing funds to mission.
- Expenses consistently below revenue, demonstrating sound financial management.
- Strong financial reserves, with assets significantly exceeding liabilities.
Frequently Asked Questions about Gafney Library
Is Gafney Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Gafney Library (EIN: 20235170) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Gafney Library spend its money?
Gafney Library directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gafney Library tax-deductible?
Gafney Library is registered as a tax-exempt nonprofit (EIN: 20235170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gafney Library located?
Gafney Library is headquartered in Sanbornville, New Hampshire and files with the IRS under EIN 20235170.
How many years of IRS 990 filings does Gafney Library have?
Gafney Library has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $430K in total revenue.
Is Gafney Library financially stable?
Yes, Gafney Library appears financially stable, demonstrated by consistent asset growth from $358,616 in 2014 to $2,026,879 in the latest period, and expenses generally below revenue.
Does Gafney Library pay its executives?
No, Gafney Library has reported 0% officer compensation in all available IRS 990 filings, indicating no executive salaries are paid.
How has Gafney Library's revenue trended?
Gafney Library's revenue has fluctuated, with a peak of $856,707 in 2021, but has generally remained strong, with the latest reported revenue at $338,609 in 2023.
Filing History
IRS 990 filing history for Gafney Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gafney Library's revenue has grown by 61.4%, moving from $210K to $339K. Total assets increased by 593% over the same period, from $291K to $2.0M. Total functional expenses rose by 47.8%, from $171K to $253K. In its most recent filing year (2023), Gafney Library reported a surplus of $86K, with revenue exceeding expenses. The organization holds $264K in liabilities against $2.0M in assets (debt-to-asset ratio: 13.1%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $339K | $253K | $2.0M | $264K | — | — |
| 2022 | $415K | $223K | $2.0M | $364K | — | View 990 |
| 2021 | $857K | $203K | $1.5M | $0 | — | View 990 |
| 2020 | $525K | $247K | $818K | $0 | — | View 990 |
| 2019 | $291K | $240K | $494K | $30K | — | View 990 |
| 2018 | $209K | $227K | $293K | $30K | — | View 990 |
| 2017 | $253K | $256K | $311K | $30K | — | View 990 |
| 2016 | $248K | $207K | $471K | $30K | — | View 990 |
| 2015 | $296K | $234K | $431K | $30K | — | View 990 |
| 2014 | $221K | $225K | $359K | $30K | — | View 990 |
| 2013 | $185K | $175K | $333K | $0 | — | View 990 |
| 2012 | $217K | $167K | $323K | $88 | — | View 990 |
| 2011 | $210K | $171K | $291K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $339K, expenses of $253K, and assets of $2.0M (revenue -18.3% year-over-year).
- 2022: Revenue of $415K, expenses of $223K, and assets of $2.0M (revenue -51.6% year-over-year).
- 2021: Revenue of $857K, expenses of $203K, and assets of $1.5M (revenue +63.1% year-over-year).
- 2020: Revenue of $525K, expenses of $247K, and assets of $818K (revenue +80.7% year-over-year).
- 2019: Revenue of $291K, expenses of $240K, and assets of $494K (revenue +39.0% year-over-year).
- 2018: Revenue of $209K, expenses of $227K, and assets of $293K (revenue -17.4% year-over-year).
- 2017: Revenue of $253K, expenses of $256K, and assets of $311K (revenue +2.0% year-over-year).
- 2016: Revenue of $248K, expenses of $207K, and assets of $471K (revenue -16.2% year-over-year).
- 2015: Revenue of $296K, expenses of $234K, and assets of $431K (revenue +34.1% year-over-year).
- 2014: Revenue of $221K, expenses of $225K, and assets of $359K (revenue +19.7% year-over-year).
- 2013: Revenue of $185K, expenses of $175K, and assets of $333K (revenue -14.9% year-over-year).
- 2012: Revenue of $217K, expenses of $167K, and assets of $323K (revenue +3.4% year-over-year).
- 2011: Revenue of $210K, expenses of $171K, and assets of $291K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gafney Library:
Data Sources and Methodology
This transparency report for Gafney 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.