Hopkinton Public Library Foundation Of Hopkinton Nh

Hopkinton Public Library Foundation maintains strong assets despite fluctuating revenues and occasional deficit spending.

EIN: 20416647 · Contoocook, NH · Updated: 2026-03-28

$137KRevenue

$812KAssets

85/100Mission Score (Excellent)

Is Hopkinton Public Library Foundation Of Hopkinton Nh Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Hopkinton Public Library Foundation Of Hopkinton Nh directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Hopkinton Public Library Foundation Of Hopkinton Nh

Hopkinton Public Library Foundation Of Hopkinton Nh (EIN: 20416647) is a nonprofit organization based in Contoocook, NH. The organization reported total revenue of $137K and total assets of $812K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hopkinton Public Library Foundation Of Hopkinton Nh's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Hopkinton Public Library Foundation of Hopkinton NH demonstrates a generally stable financial position with assets consistently over $600,000, reaching $812,108 in the latest period. Revenue has fluctuated significantly, from a low of $20,654 in 2020 to a high of $118,254 in 2018, and $136,550 in the latest period. The organization's expenses have also varied, with notable spikes in 2019 ($146,526) and 2023 ($173,263), which exceeded revenue in those years, indicating periods of deficit spending. However, the organization maintains zero liabilities in most recent filings, suggesting good financial management regarding debt.

The foundation's spending efficiency appears to be focused primarily on its program services, given its mission to support the library. Without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, it's challenging to precisely quantify efficiency. However, the consistent asset base and the absence of officer compensation suggest that resources are likely directed towards the foundation's objectives rather than executive overhead. The organization's transparency is good, with six years of consistent IRS 990 filings available, and no reported officer compensation, which is a positive indicator for a nonprofit of this size.

Overall, while there are periods where expenses outpaced revenue, the foundation's strong asset base and minimal liabilities provide a buffer. The lack of officer compensation further reinforces a commitment to directing funds towards its mission. The organization appears to be a well-managed entity supporting the Hopkinton Public Library.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hopkinton Public Library Foundation Of Hopkinton Nh 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Hopkinton Public Library Foundation Of Hopkinton Nh allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for a nonprofit of this size ($136,550 latest revenue, $812,108 assets).

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 Hopkinton Public Library Foundation Of Hopkinton Nh's IRS 990 filings:

Significant year-over-year revenue volatility
Expenses exceeded revenue in two of the last six reported periods (2019 and 2023)

Strengths

The following positive indicators were identified for Hopkinton Public Library Foundation Of Hopkinton Nh:

Strong and consistent asset base (latest $812,108)
Zero officer compensation reported across all filings
Consistently low or zero liabilities, indicating good debt management
Regular and transparent IRS 990 filing history

Frequently Asked Questions about Hopkinton Public Library Foundation Of Hopkinton Nh

Is Hopkinton Public Library Foundation Of Hopkinton Nh a legitimate charity?

Based on AI analysis of IRS 990 filings, Hopkinton Public Library Foundation Of Hopkinton Nh (EIN: 20416647) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

How does Hopkinton Public Library Foundation Of Hopkinton Nh spend its money?

Hopkinton Public Library Foundation Of Hopkinton Nh directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Hopkinton Public Library Foundation Of Hopkinton Nh tax-deductible?

Hopkinton Public Library Foundation Of Hopkinton Nh is registered as a tax-exempt nonprofit (EIN: 20416647). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Hopkinton Public Library Foundation Of Hopkinton Nh a good charity?

Based on the available data, the foundation appears to be a good charity. It consistently files its IRS 990s, maintains a healthy asset base ($812,108 latest), and reports no officer compensation, suggesting a strong commitment to its mission without significant administrative overhead.

How does the organization manage its finances given periods of deficit spending?

While the organization experienced deficit spending in 2019 (expenses $146,526 vs. revenue $74,520) and 2023 (expenses $173,263 vs. revenue $114,059), its substantial asset base (e.g., $812,108 latest) and minimal liabilities (often $0) indicate it can absorb these fluctuations, likely drawing from reserves to cover expenses in leaner years.

What is the trend in the organization's revenue?

The organization's revenue has been highly variable, ranging from a low of $20,654 in 2020 to a high of $118,254 in 2018, and $136,550 in the latest period. This suggests reliance on fundraising efforts that can fluctuate year-to-year.

Filing History

IRS 990 filing history for Hopkinton Public Library Foundation Of Hopkinton Nh showing financial trends over 6 years of public records:

Over 6 years of IRS 990 filings (2018–2023), Hopkinton Public Library Foundation Of Hopkinton Nh's revenue has declined by 3.5%, moving from $118K to $114K. Total assets increased by 7.4% over the same period, from $667K to $717K. Total functional expenses rose by 819.3%, from $19K to $173K. In its most recent filing year (2023), Hopkinton Public Library Foundation Of Hopkinton Nh reported a deficit of $59K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$114K	$173K	$717K	$0	—	—
2022	$62K	$30K	$699K	$0	—	—
2021	$54K	$26K	$836K	$50	—	View 990
2020	$21K	$21K	$756K	$2K	—	View 990
2019	$75K	$147K	$668K	$350	—	View 990
2018	$118K	$19K	$667K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $114K, expenses of $173K, and assets of $717K (revenue +84.1% year-over-year).
2022: Revenue of $62K, expenses of $30K, and assets of $699K (revenue +14.4% year-over-year).
2021: Revenue of $54K, expenses of $26K, and assets of $836K (revenue +162.1% year-over-year).
2020: Revenue of $21K, expenses of $21K, and assets of $756K (revenue -72.3% year-over-year).
2019: Revenue of $75K, expenses of $147K, and assets of $668K (revenue -37.0% year-over-year).
2018: Revenue of $118K, expenses of $19K, and assets of $667K.

Data Sources and Methodology

This transparency report for Hopkinton Public Library Foundation Of Hopkinton Nh 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.