Haverhill Library Association
Haverhill Library Association shows consistent asset growth and no executive compensation, with recent surpluses.
EIN: 20326002 · Haverhill, NH · NTEE: B70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $86K |
| Program Spending | 80% |
| Net Assets | $310K |
| Transparency Score | 85/100 |
Is Haverhill Library Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Haverhill Library Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Haverhill Library Association
Haverhill Library Association (EIN: 20326002) is a nonprofit organization based in Haverhill, NH, classified under NTEE code B70. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Haverhill Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Haverhill Library Association is a small nonprofit that has been operating for 11 years, with 6 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $116K |
| Total Expenses | $86K |
| Surplus / Deficit | +$29K |
| Total Assets | $310K |
| Net Assets | $310K |
| Operating Margin | 25.1% |
| Months of Reserves | 43.0 months |
Financial Health Grade: A
In 2023, Haverhill Library Association reported a surplus of $29K with revenue exceeding expenses, holds 43.0 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2010–2023), Haverhill Library Association's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +60.2% | +116.3% | +10.3% |
| 2022 | +125.2% | +62.1% | +296.0% |
| 2013 | +18.2% | -35.0% | -1.9% |
| 2012 | -49.2% | -17.9% | -2.8% |
| 2011 | +79.0% | +91.4% | -17.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
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 Haverhill Library Association with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Haverhill Library Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $29K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based. This is highly commendable for an organization of its size, as it ensures that all funds are directed towards its mission rather than executive salaries.
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 Haverhill Library Association:
- Consistent revenue growth, with $115,524 in 2023, up from $29,775 in 2010.
- Significant asset growth, reaching $310,314 in 2023 from $89,784 in 2010.
- Zero liabilities reported in recent filings (2022 and 2023), indicating strong financial stability.
- No officer compensation reported across all filings, suggesting a highly volunteer-driven and efficient leadership.
- Consistent positive net income in recent years, with revenue exceeding expenses.
Frequently Asked Questions about Haverhill Library Association
Is Haverhill Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Haverhill Library Association (EIN: 20326002) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Haverhill Library Association spend its money?
Haverhill Library Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Haverhill Library Association tax-deductible?
Haverhill Library Association is registered as a tax-exempt nonprofit (EIN: 20326002). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Haverhill Library Association's spending goes to programs?
Haverhill Library Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Haverhill Library Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Haverhill Library Association is above average for NTEE category B70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Haverhill Library Association located?
Haverhill Library Association is headquartered in Haverhill, New Hampshire and files with the IRS under EIN 20326002. It is classified under NTEE code B70.
How many years of IRS 990 filings does Haverhill Library Association have?
Haverhill Library Association has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Haverhill Library Association a good charity?
Based on the available financial data, the Haverhill Library Association appears to be a well-managed organization. It consistently generates surpluses, has grown its assets significantly, and operates with no executive compensation, suggesting a strong commitment to its mission and efficient use of resources.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved. Assets have grown from $89,784 in 2010 to $310,314 in 2023. Revenue has also seen substantial growth, from $29,775 in 2010 to $115,524 in 2023, consistently outpacing expenses in recent years.
Does the Haverhill Library Association have any debt?
No, the Haverhill Library Association reported $0 in liabilities for both the 2022 and 2023 fiscal periods, indicating it is debt-free in its most recent filings.
Filing History
IRS 990 filing history for Haverhill Library Association showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2010–2023), Haverhill Library Association's revenue has grown by 288%, moving from $30K to $116K. Total assets increased by 245.6% over the same period, from $90K to $310K. Total functional expenses rose by 258.1%, from $24K to $86K. In its most recent filing year (2023), Haverhill Library Association reported a surplus of $29K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $116K | $86K | $310K | $0 | — | View 990 |
| 2022 | $72K | $40K | $281K | $0 | — | View 990 |
| 2013 | $32K | $25K | $71K | $14K | — | View 990 |
| 2012 | $27K | $38K | $72K | $11K | — | View 990 |
| 2011 | $53K | $46K | $74K | $9K | — | View 990 |
| 2010 | $30K | $24K | $90K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $116K, expenses of $86K, and assets of $310K (revenue +60.2% year-over-year).
- 2022: Revenue of $72K, expenses of $40K, and assets of $281K (revenue +125.2% year-over-year).
- 2013: Revenue of $32K, expenses of $25K, and assets of $71K (revenue +18.2% year-over-year).
- 2012: Revenue of $27K, expenses of $38K, and assets of $72K (revenue -49.2% year-over-year).
- 2011: Revenue of $53K, expenses of $46K, and assets of $74K (revenue +79.0% year-over-year).
- 2010: Revenue of $30K, expenses of $24K, and assets of $90K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Haverhill Library Association:
Data Sources and Methodology
This transparency report for Haverhill 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.