Guilford Smith Memorial Library Assn Inc
EIN: 60776274 · South Windham, CT · NTEE: B70Z
| Metric | Value |
|---|---|
| Total Revenue | $105K |
| Total Expenses | $82K |
| Net Assets | $285K |
Is Guilford Smith Memorial Library Assn Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Guilford Smith Memorial Library Assn Inc
Guilford Smith Memorial Library Assn Inc (EIN: 60776274) is a nonprofit organization based in South Windham, CT, classified under NTEE code B70Z. The organization reported total revenue of $105K and total assets of $277K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Guilford Smith Memorial Library Assn Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Guilford Smith Memorial Library Assn Inc is a small nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $79K |
| Total Expenses | $82K |
| Surplus / Deficit | $-2,825 |
| Total Assets | $285K |
| Total Liabilities | $1 |
| Net Assets | $285K |
| Operating Margin | -3.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 41.6 months |
Financial Health Grade: B
In 2023, Guilford Smith Memorial Library Assn Inc reported a deficit of $3K with expenses exceeding revenue, holds 41.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Guilford Smith Memorial Library Assn Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.3% | +18.7% | +3.8% |
| 2022 | -8.8% | +14.8% | -12.3% |
| 2021 | +33.4% | -6.7% | +16.7% |
| 2020 | -11.7% | -2.4% | -3.5% |
| 2019 | +7.6% | -6.4% | +6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Guilford Smith Memorial Library Assn 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 Guilford Smith Memorial Library Assn 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Guilford Smith Memorial Library Assn Inc
Is Guilford Smith Memorial Library Assn Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Guilford Smith Memorial Library Assn Inc (EIN: 60776274) insufficient data. 0 red flags identified, 0 strengths noted.
How does Guilford Smith Memorial Library Assn Inc spend its money?
Detailed spending breakdown data is not yet available for Guilford Smith Memorial Library Assn Inc. Check back for updated IRS 990 analysis.
Are donations to Guilford Smith Memorial Library Assn Inc tax-deductible?
Guilford Smith Memorial Library Assn Inc is registered as a tax-exempt nonprofit (EIN: 60776274). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Guilford Smith Memorial Library Assn Inc located?
Guilford Smith Memorial Library Assn Inc is headquartered in South Windham, Connecticut and files with the IRS under EIN 60776274. It is classified under NTEE code B70Z.
How many years of IRS 990 filings does Guilford Smith Memorial Library Assn Inc have?
Guilford Smith Memorial Library Assn Inc has 10 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 $105K in total revenue.
Filing History
IRS 990 filing history for Guilford Smith Memorial Library Assn Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Guilford Smith Memorial Library Assn Inc's revenue has grown by 181.8%, moving from $28K to $79K. Total assets increased by 23.2% over the same period, from $231K to $285K. Total functional expenses rose by 25.8%, from $65K to $82K. In its most recent filing year (2023), Guilford Smith Memorial Library Assn Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $285K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $285K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $79K | $82K | $285K | $1 | — | View 990 |
| 2022 | $68K | $69K | $274K | $1 | — | View 990 |
| 2021 | $74K | $60K | $313K | $1 | — | View 990 |
| 2020 | $56K | $65K | $268K | $1 | — | — |
| 2019 | $63K | $66K | $278K | $1 | — | View 990 |
| 2015 | $59K | $71K | $260K | $1 | — | View 990 |
| 2014 | $42K | $63K | $297K | $1 | — | View 990 |
| 2013 | $53K | $66K | $292K | $1 | — | View 990 |
| 2012 | $56K | $59K | $248K | $1 | — | View 990 |
| 2011 | $28K | $65K | $231K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $79K, expenses of $82K, and assets of $285K (revenue +17.3% year-over-year).
- 2022: Revenue of $68K, expenses of $69K, and assets of $274K (revenue -8.8% year-over-year).
- 2021: Revenue of $74K, expenses of $60K, and assets of $313K (revenue +33.4% year-over-year).
- 2020: Revenue of $56K, expenses of $65K, and assets of $268K (revenue -11.7% year-over-year).
- 2019: Revenue of $63K, expenses of $66K, and assets of $278K (revenue +7.6% year-over-year).
- 2015: Revenue of $59K, expenses of $71K, and assets of $260K (revenue +38.5% year-over-year).
- 2014: Revenue of $42K, expenses of $63K, and assets of $297K (revenue -20.8% year-over-year).
- 2013: Revenue of $53K, expenses of $66K, and assets of $292K (revenue -5.5% year-over-year).
- 2012: Revenue of $56K, expenses of $59K, and assets of $248K (revenue +100.7% year-over-year).
- 2011: Revenue of $28K, expenses of $65K, and assets of $231K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Guilford Smith Memorial Library Assn Inc:
Data Sources and Methodology
This transparency report for Guilford Smith Memorial Library Assn 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.