Howe Library
Howe Library maintains strong assets despite fluctuating revenues and occasional operating deficits.
EIN: 20222142 · Hanover, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $753K |
| Total Expenses | $413K |
| Program Spending | 80% |
| Net Assets | $8.3M |
| Transparency Score | 85/100 |
Is Howe Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Howe Library directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Howe Library
Howe Library (EIN: 20222142) is a nonprofit organization based in Hanover, NH. The organization reported total revenue of $753K and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Howe Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Howe Library is a small nonprofit that has been operating for 81 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $359K |
| Total Expenses | $413K |
| Surplus / Deficit | $-54,244 |
| Total Assets | $8.3M |
| Total Liabilities | $2K |
| Net Assets | $8.3M |
| Operating Margin | -15.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 239.7 months |
Financial Health Grade: B
In 2023, Howe Library reported a deficit of $54K with expenses exceeding revenue, holds 239.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Howe Library's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +53.6% | +13.0% | +4.6% |
| 2022 | -68.1% | +3.0% | -8.7% |
| 2021 | +55.5% | -1.2% | +15.1% |
| 2020 | +141.4% | -4.1% | -0.7% |
| 2019 | -46.4% | +13.1% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1230 |
| IRS Ruling Date | 1945 |
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 Howe Library 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, Howe Library 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 deficit of $54K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for donor perception.
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 Howe Library's IRS 990 filings:
- Frequent operational deficits (e.g., 202306, 202206, 201906 where expenses exceeded revenue)
- Significant fluctuations in annual revenue, indicating potential funding instability
Strengths
The following positive indicators were identified for Howe Library:
- Strong and growing asset base ($8,256,781 in 202306)
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership
- Low liabilities across most reporting periods, suggesting sound debt management
- Consistent IRS 990 filing history, demonstrating transparency
Frequently Asked Questions about Howe Library
Is Howe Library a legitimate charity?
Howe Library (EIN: 20222142) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $753K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Howe Library spend its money?
Howe Library directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Howe Library tax-deductible?
Howe Library is registered as a tax-exempt nonprofit (EIN: 20222142). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Howe Library's spending goes to programs?
Howe Library directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Howe Library located?
Howe Library is headquartered in Hanover, New Hampshire and files with the IRS under EIN 20222142.
How many years of IRS 990 filings does Howe Library have?
Howe Library has 12 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 $753K in total revenue.
Is Howe Library financially stable?
Yes, despite some periods of operational deficits (e.g., 202306 with expenses of $413,399 against revenue of $359,155), the library maintains a strong and growing asset base, reaching $8,256,781 in 202306, indicating long-term financial stability.
How does Howe Library manage executive compensation?
Howe Library consistently reports 0% officer compensation across all 12 available IRS 990 filings, suggesting a volunteer-driven executive leadership or very low administrative overhead in this area.
What is the trend in Howe Library's revenue?
Howe Library's revenue has been highly volatile, ranging from a low of $155,263 in 201506 to a high of $733,452 in 202106, indicating reliance on varied and potentially inconsistent funding sources.
Are the library's expenses under control?
Expenses have generally remained within a reasonable range, typically between $300,000 and $400,000 annually, though they have exceeded revenue in several periods, such as 202306 ($413,399 expenses vs. $359,155 revenue).
Filing History
IRS 990 filing history for Howe Library showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Howe Library's revenue has grown by 109.7%, moving from $171K to $359K. Total assets decreased by 2.5% over the same period, from $8.5M to $8.3M. Total functional expenses fell by 9.5%, from $457K to $413K. In its most recent filing year (2023), Howe Library reported a deficit of $54K, with expenses exceeding revenue. The organization holds $2K in liabilities against $8.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $359K | $413K | $8.3M | $2K | — | — |
| 2022 | $234K | $366K | $7.9M | $1K | — | View 990 |
| 2021 | $733K | $355K | $8.6M | $14K | — | View 990 |
| 2020 | $472K | $360K | $7.5M | $4K | — | View 990 |
| 2019 | $195K | $375K | $7.6M | $10K | — | View 990 |
| 2018 | $364K | $331K | $7.5M | $13K | — | View 990 |
| 2017 | $342K | $329K | $7.4M | $0 | — | View 990 |
| 2016 | $356K | $309K | $7.3M | $7K | — | View 990 |
| 2015 | $155K | $302K | $7.3M | $2K | — | View 990 |
| 2014 | $673K | $376K | $7.3M | $611 | — | View 990 |
| 2013 | $878K | $397K | $8.6M | $1.6M | — | View 990 |
| 2012 | $171K | $457K | $8.5M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $359K, expenses of $413K, and assets of $8.3M (revenue +53.6% year-over-year).
- 2022: Revenue of $234K, expenses of $366K, and assets of $7.9M (revenue -68.1% year-over-year).
- 2021: Revenue of $733K, expenses of $355K, and assets of $8.6M (revenue +55.5% year-over-year).
- 2020: Revenue of $472K, expenses of $360K, and assets of $7.5M (revenue +141.4% year-over-year).
- 2019: Revenue of $195K, expenses of $375K, and assets of $7.6M (revenue -46.4% year-over-year).
- 2018: Revenue of $364K, expenses of $331K, and assets of $7.5M (revenue +6.5% year-over-year).
- 2017: Revenue of $342K, expenses of $329K, and assets of $7.4M (revenue -3.9% year-over-year).
- 2016: Revenue of $356K, expenses of $309K, and assets of $7.3M (revenue +129.4% year-over-year).
- 2015: Revenue of $155K, expenses of $302K, and assets of $7.3M (revenue -76.9% year-over-year).
- 2014: Revenue of $673K, expenses of $376K, and assets of $7.3M (revenue -23.4% year-over-year).
- 2013: Revenue of $878K, expenses of $397K, and assets of $8.6M (revenue +412.6% year-over-year).
- 2012: Revenue of $171K, expenses of $457K, and assets of $8.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Howe Library:
Data Sources and Methodology
This transparency report for Howe 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.