Gowrie Public Library Foundation
Gowrie Public Library Foundation reports minimal financial activity and assets, with zero expenses in most recent years.
EIN: 200029073 · Gowrie, IA · NTEE: W99 · Updated: 2026-03-28
Is Gowrie Public Library Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gowrie Public Library Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gowrie Public Library Foundation
Gowrie Public Library Foundation (EIN: 200029073) is a nonprofit organization based in Gowrie, IA, classified under NTEE code W99. The organization reported total revenue of $64 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gowrie Public Library Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gowrie Public Library Foundation 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, Gowrie Public Library Foundation 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
Executive compensation is reported as 0% across all available filings, indicating that the organization is likely run by unpaid volunteers, which is common for very small foundations.
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 Gowrie Public Library Foundation's IRS 990 filings:
- Significant unexplained decrease in assets from $33,972 to $1 over several years without corresponding reported expenses.
- Consistently reporting $0 in expenses in most years, making it difficult to assess operational activity or impact.
Strengths
The following positive indicators were identified for Gowrie Public Library Foundation:
- Consistent IRS 990 filing history, indicating compliance.
- Zero officer compensation, suggesting a volunteer-driven model.
- Zero liabilities reported across all filings, indicating no debt.
Frequently Asked Questions about Gowrie Public Library Foundation
Is Gowrie Public Library Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gowrie Public Library Foundation (EIN: 200029073) some concerns. Mission Score: 60/100. 2 red flags identified, 3 strengths noted.
How does Gowrie Public Library Foundation spend its money?
Gowrie Public Library Foundation directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gowrie Public Library Foundation tax-deductible?
Gowrie Public Library Foundation is registered as a tax-exempt nonprofit (EIN: 200029073). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant decrease in assets from $33,972 in 2016 to $1 in 2022?
The provided IRS 990 data does not explicitly state the reason for the asset reduction. While expenses were reported as $0 in most years, a substantial asset decline suggests either a large one-time distribution not categorized as an expense on the 990-EZ, or a reclassification/transfer of funds.
How does the Gowrie Public Library Foundation support the library if it reports $0 in expenses in most years?
With $0 reported expenses in most filings, it's possible the foundation's support is non-financial (e.g., volunteer coordination), or that any financial support is extremely minimal and falls below reporting thresholds, or that funds are passed through directly without being recorded as an expense on the 990-EZ.
Is the foundation still actively fundraising or operating given its current asset and revenue levels?
The latest revenue of $64 and assets of $1 suggest extremely limited current financial activity. While it filed a 990, its operational scope appears to be minimal based on these figures.
Filing History
IRS 990 filing history for Gowrie Public Library Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2022), Gowrie Public Library Foundation's revenue has declined by 91.3%, moving from $734 to $64. Total assets decreased by 100% over the same period, from $34K to $1. Total functional expenses fell by 100%, from $200 to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $64 | $0 | $1 | $0 | — | View 990 |
| 2021 | $158 | $0 | $30K | $0 | — | — |
| 2018 | $83 | $0 | $20K | $0 | — | View 990 |
| 2017 | $18 | $0 | $20K | $0 | — | View 990 |
| 2016 | $18 | $0 | $34K | $0 | — | View 990 |
| 2015 | $87 | $0 | $34K | $0 | — | View 990 |
| 2014 | $91 | $0 | $34K | $0 | — | View 990 |
| 2013 | $734 | $200 | $34K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $64, expenses of $0, and assets of $1 (revenue -59.5% year-over-year).
- 2021: Revenue of $158, expenses of $0, and assets of $30K (revenue +90.4% year-over-year).
- 2018: Revenue of $83, expenses of $0, and assets of $20K (revenue +361.1% year-over-year).
- 2017: Revenue of $18, expenses of $0, and assets of $20K (revenue +0.0% year-over-year).
- 2016: Revenue of $18, expenses of $0, and assets of $34K (revenue -79.3% year-over-year).
- 2015: Revenue of $87, expenses of $0, and assets of $34K (revenue -4.4% year-over-year).
- 2014: Revenue of $91, expenses of $0, and assets of $34K (revenue -87.6% year-over-year).
- 2013: Revenue of $734, expenses of $200, and assets of $34K.
Data Sources and Methodology
This transparency report for Gowrie Public Library Foundation 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.