Helen Kate Furness Free Library
EIN: 231513482 · Wallingford, PA
| Metric | Value |
|---|---|
| Total Revenue | $587K |
| Total Expenses | $473K |
| Net Assets | $2.5M |
Is Helen Kate Furness Free Library Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Helen Kate Furness Free Library
Helen Kate Furness Free Library (EIN: 231513482) is a nonprofit organization based in Wallingford, PA. The organization reported total revenue of $587K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Helen Kate Furness Free Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Helen Kate Furness Free Library is a small nonprofit that has been operating for 67 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $500K |
| Total Expenses | $473K |
| Surplus / Deficit | +$27K |
| Total Assets | $2.6M |
| Total Liabilities | $37K |
| Net Assets | $2.5M |
| Operating Margin | 5.4% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 64.8 months |
Financial Health Grade: A
In 2023, Helen Kate Furness Free Library reported a surplus of $27K with revenue exceeding expenses, holds 64.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Helen Kate Furness Free Library's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.9% | +6.5% | +5.1% |
| 2022 | -1.8% | +7.3% | -9.1% |
| 2021 | +3.1% | +19.3% | +2.7% |
| 2020 | +20.5% | +-0.0% | +8.7% |
| 2019 | -43.7% | +1.1% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1959 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Helen Kate Furness Free Library 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 Helen Kate Furness Free Library 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 surplus of $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Helen Kate Furness Free Library
Is Helen Kate Furness Free Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Helen Kate Furness Free Library (EIN: 231513482) insufficient data. 0 red flags identified, 0 strengths noted.
How does Helen Kate Furness Free Library spend its money?
Detailed spending breakdown data is not yet available for Helen Kate Furness Free Library. Check back for updated IRS 990 analysis.
Are donations to Helen Kate Furness Free Library tax-deductible?
Helen Kate Furness Free Library is registered as a tax-exempt nonprofit (EIN: 231513482). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Helen Kate Furness Free Library located?
Helen Kate Furness Free Library is headquartered in Wallingford, Pennsylvania and files with the IRS under EIN 231513482.
How many years of IRS 990 filings does Helen Kate Furness Free Library have?
Helen Kate Furness Free 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 $587K in total revenue.
Filing History
IRS 990 filing history for Helen Kate Furness Free Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Helen Kate Furness Free Library's revenue has grown by 119.8%, moving from $228K to $500K. Total assets increased by 12.6% over the same period, from $2.3M to $2.6M. Total functional expenses rose by 62.3%, from $292K to $473K. In its most recent filing year (2023), Helen Kate Furness Free Library reported a surplus of $27K, with revenue exceeding expenses. The organization holds $37K in liabilities against $2.6M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $500K | $473K | $2.6M | $37K | — | — |
| 2022 | $432K | $444K | $2.4M | $34K | — | View 990 |
| 2021 | $439K | $414K | $2.7M | $34K | — | View 990 |
| 2020 | $426K | $347K | $2.6M | $27K | — | — |
| 2019 | $354K | $347K | $2.4M | $16K | — | View 990 |
| 2018 | $628K | $343K | $2.3M | $9K | — | View 990 |
| 2017 | $318K | $349K | $2.1M | $26K | — | View 990 |
| 2016 | $302K | $327K | $2.0M | $20K | — | View 990 |
| 2015 | $277K | $311K | $2.0M | $19K | — | View 990 |
| 2014 | $287K | $297K | $2.1M | $25K | — | View 990 |
| 2013 | $239K | $291K | $2.1M | $19K | — | View 990 |
| 2012 | $230K | $273K | $2.1M | $15K | — | View 990 |
| 2011 | $228K | $292K | $2.3M | $219K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $500K, expenses of $473K, and assets of $2.6M (revenue +15.9% year-over-year).
- 2022: Revenue of $432K, expenses of $444K, and assets of $2.4M (revenue -1.8% year-over-year).
- 2021: Revenue of $439K, expenses of $414K, and assets of $2.7M (revenue +3.1% year-over-year).
- 2020: Revenue of $426K, expenses of $347K, and assets of $2.6M (revenue +20.5% year-over-year).
- 2019: Revenue of $354K, expenses of $347K, and assets of $2.4M (revenue -43.7% year-over-year).
- 2018: Revenue of $628K, expenses of $343K, and assets of $2.3M (revenue +97.5% year-over-year).
- 2017: Revenue of $318K, expenses of $349K, and assets of $2.1M (revenue +5.1% year-over-year).
- 2016: Revenue of $302K, expenses of $327K, and assets of $2.0M (revenue +9.2% year-over-year).
- 2015: Revenue of $277K, expenses of $311K, and assets of $2.0M (revenue -3.5% year-over-year).
- 2014: Revenue of $287K, expenses of $297K, and assets of $2.1M (revenue +20.2% year-over-year).
- 2013: Revenue of $239K, expenses of $291K, and assets of $2.1M (revenue +3.7% year-over-year).
- 2012: Revenue of $230K, expenses of $273K, and assets of $2.1M (revenue +1.1% year-over-year).
- 2011: Revenue of $228K, expenses of $292K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Helen Kate Furness Free Library:
Data Sources and Methodology
This transparency report for Helen Kate Furness Free 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.