Gilmanton Year Round Library Association
Gilmanton Year Round Library Association maintains stable assets and low liabilities with no reported officer compensation.
EIN: 20516788 · Gilmanton Iw, NH · NTEE: B117 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $114K |
| Total Expenses | $134K |
| Program Spending | 90% |
| Net Assets | $888K |
| Transparency Score | 92/100 |
Is Gilmanton Year Round Library Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gilmanton Year Round Library Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gilmanton Year Round Library Association
Gilmanton Year Round Library Association (EIN: 20516788) is a nonprofit organization based in Gilmanton Iw, NH, classified under NTEE code B117. The organization reported total revenue of $114K and total assets of $884K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gilmanton Year Round Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gilmanton Year Round Library Association is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $120K |
| Total Expenses | $134K |
| Surplus / Deficit | $-13,623 |
| Total Assets | $889K |
| Total Liabilities | $997 |
| Net Assets | $888K |
| Operating Margin | -11.3% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 79.5 months |
Financial Health Grade: B
In 2023, Gilmanton Year Round Library Association reported a deficit of $14K with expenses exceeding revenue, holds 79.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gilmanton Year Round Library Association's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.6% | +19.5% | -4.3% |
| 2022 | -32.6% | +22.9% | -0.5% |
| 2021 | +30.7% | -22.0% | +10.8% |
| 2020 | -19.4% | -3.6% | +0.6% |
| 2019 | +6.9% | +4.5% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2000 |
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 Gilmanton Year Round Library Association with a Mission Score of 92 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, Gilmanton Year Round Library Association 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 deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer channels, which is highly efficient for an organization 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.
Strengths
The following positive indicators were identified for Gilmanton Year Round Library Association:
- Consistent asset growth from $726,759 in 2014 to $888,829 in 2023.
- Zero reported officer compensation across all 13 filings, indicating high efficiency.
- Very low liabilities, consistently under $3,000, demonstrating strong financial management.
- Long and consistent IRS 990 filing history (13 filings), indicating strong transparency.
- Stable revenue base around $100,000-$140,000 for a small community library.
Frequently Asked Questions about Gilmanton Year Round Library Association
Is Gilmanton Year Round Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Gilmanton Year Round Library Association (EIN: 20516788) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Gilmanton Year Round Library Association spend its money?
Gilmanton Year Round Library Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gilmanton Year Round Library Association tax-deductible?
Gilmanton Year Round Library Association is registered as a tax-exempt nonprofit (EIN: 20516788). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Gilmanton Year Round Library Association compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Gilmanton Year Round Library Association 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 Gilmanton Year Round Library Association located?
Gilmanton Year Round Library Association is headquartered in Gilmanton Iw, New Hampshire and files with the IRS under EIN 20516788. It is classified under NTEE code B117.
How many years of IRS 990 filings does Gilmanton Year Round Library Association have?
Gilmanton Year Round Library Association 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 $114K in total revenue.
Is the Gilmanton Year Round Library Association financially stable?
Yes, the organization appears financially stable. While it had a slight deficit in 2023 ($120,472 revenue vs. $134,095 expenses), its assets have grown consistently over the past decade to $888,829, and liabilities are consistently very low.
How efficient is the organization's spending?
Spending efficiency is very high, primarily due to 0% reported officer compensation across all filings, suggesting minimal administrative overhead from top leadership salaries. This allows a greater proportion of funds to go directly to programs.
Does the organization have a strong program focus?
Given the 0% officer compensation and the nature of a library association, it is highly probable that the vast majority of expenses are directed towards library operations, resources, and community programs, indicating a strong program focus.
Filing History
IRS 990 filing history for Gilmanton Year Round Library Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gilmanton Year Round Library Association's revenue has declined by 6.4%, moving from $129K to $120K. Total assets increased by 23% over the same period, from $723K to $889K. Total functional expenses rose by 38.5%, from $97K to $134K. In its most recent filing year (2023), Gilmanton Year Round Library Association reported a deficit of $14K, with expenses exceeding revenue. The organization holds $997 in liabilities against $889K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $888K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $120K | $134K | $889K | $997 | — | View 990 |
| 2022 | $94K | $112K | $928K | $-39 | — | View 990 |
| 2021 | $140K | $91K | $933K | $-413 | — | View 990 |
| 2020 | $107K | $117K | $842K | $1K | — | View 990 |
| 2019 | $133K | $121K | $837K | $954 | — | View 990 |
| 2018 | $124K | $116K | $801K | $1K | — | View 990 |
| 2017 | $115K | $117K | $799K | $986 | — | View 990 |
| 2016 | $106K | $101K | $800K | $779 | — | View 990 |
| 2015 | $101K | $103K | $773K | $3K | — | View 990 |
| 2014 | $103K | $100K | $727K | $3K | — | View 990 |
| 2013 | $81K | $90K | $723K | $2K | — | View 990 |
| 2012 | $110K | $100K | $732K | $2K | — | View 990 |
| 2011 | $129K | $97K | $723K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $120K, expenses of $134K, and assets of $889K (revenue +27.6% year-over-year).
- 2022: Revenue of $94K, expenses of $112K, and assets of $928K (revenue -32.6% year-over-year).
- 2021: Revenue of $140K, expenses of $91K, and assets of $933K (revenue +30.7% year-over-year).
- 2020: Revenue of $107K, expenses of $117K, and assets of $842K (revenue -19.4% year-over-year).
- 2019: Revenue of $133K, expenses of $121K, and assets of $837K (revenue +6.9% year-over-year).
- 2018: Revenue of $124K, expenses of $116K, and assets of $801K (revenue +8.5% year-over-year).
- 2017: Revenue of $115K, expenses of $117K, and assets of $799K (revenue +8.2% year-over-year).
- 2016: Revenue of $106K, expenses of $101K, and assets of $800K (revenue +5.3% year-over-year).
- 2015: Revenue of $101K, expenses of $103K, and assets of $773K (revenue -2.5% year-over-year).
- 2014: Revenue of $103K, expenses of $100K, and assets of $727K (revenue +27.4% year-over-year).
- 2013: Revenue of $81K, expenses of $90K, and assets of $723K (revenue -26.3% year-over-year).
- 2012: Revenue of $110K, expenses of $100K, and assets of $732K (revenue -14.7% year-over-year).
- 2011: Revenue of $129K, expenses of $97K, and assets of $723K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gilmanton Year Round Library Association:
Data Sources and Methodology
This transparency report for Gilmanton Year Round Library Association 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.