Larsen Family Public Library Inc
Larsen Family Public Library Inc. shows asset growth despite fluctuating revenues and occasional deficit spending.
EIN: 204981366 · Webster, WI · NTEE: B70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $193K |
| Total Expenses | $156K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $120,239 |
| Net Assets | $114K |
| Transparency Score | 75/100 |
Is Larsen Family Public Library Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Larsen Family Public Library Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Larsen Family Public Library Inc
Larsen Family Public Library Inc (EIN: 204981366) is a nonprofit organization based in Webster, WI, classified under NTEE code B70. The organization reported total revenue of $193K and total assets of $166K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Larsen Family Public Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Larsen Family Public Library Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $120K |
| Total Expenses | $156K |
| Surplus / Deficit | $-36,115 |
| Total Assets | $155K |
| Total Liabilities | $41K |
| Net Assets | $114K |
| Operating Margin | -30.0% |
| Debt-to-Asset Ratio | 26.5% |
| Months of Reserves | 11.9 months |
Financial Health Grade: B
In 2023, Larsen Family Public Library Inc reported a deficit of $36K with expenses exceeding revenue, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 26.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Larsen Family Public Library Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +73.7% | +37.1% | +108.0% |
| 2022 | -64.2% | -23.3% | -36.2% |
| 2021 | +25.7% | -0.9% | +54.4% |
| 2020 | +36.9% | +7.4% | +8.8% |
| 2019 | -25.0% | -3.2% | +22.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2006 |
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 Larsen Family Public Library Inc with a Mission Score of 75 out of 100 (Good). 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, Larsen Family Public Library Inc 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 $36K, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size ($120,239 revenue in 2023).
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 Larsen Family Public Library Inc's IRS 990 filings:
- Inconsistent revenue streams leading to periods of deficit spending (e.g., 2023, 2022, 2019 where expenses exceeded revenue).
- Liabilities have increased significantly in recent years, from $1,391 in 2014 to $40,898 in 2023, which warrants monitoring.
Strengths
The following positive indicators were identified for Larsen Family Public Library Inc:
- Consistent growth in assets over the past decade, from $19,716 in 2014 to $154,544 in 2023.
- Zero officer compensation reported across all filings, indicating efficient use of funds and potentially strong volunteer leadership.
- Consistent filing of IRS 990s, demonstrating good transparency and compliance.
- Clear mission as a public library (NTEE B70) which is generally well-regarded for community benefit.
Frequently Asked Questions about Larsen Family Public Library Inc
Is Larsen Family Public Library Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Larsen Family Public Library Inc (EIN: 204981366) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Larsen Family Public Library Inc spend its money?
Larsen Family Public Library Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Larsen Family Public Library Inc tax-deductible?
Larsen Family Public Library Inc is registered as a tax-exempt nonprofit (EIN: 204981366). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Larsen Family Public Library Inc CEO make?
Larsen Family Public Library Inc's highest-compensated officer earns $120,239 annually. The organization reported $193K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Larsen Family Public Library Inc's spending goes to programs?
Larsen Family Public Library Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Larsen Family Public Library Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Larsen Family Public Library Inc 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 Larsen Family Public Library Inc located?
Larsen Family Public Library Inc is headquartered in Webster, Wisconsin and files with the IRS under EIN 204981366. It is classified under NTEE code B70.
How many years of IRS 990 filings does Larsen Family Public Library Inc have?
Larsen Family Public Library Inc 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 $193K in total revenue.
Is Larsen Family Public Library Inc. financially stable?
While the organization has experienced periods where expenses exceeded revenue (e.g., $156,354 expenses vs. $120,239 revenue in 2023), its assets have shown consistent growth over the past decade, from $19,716 in 2014 to $154,544 in 2023, suggesting a degree of underlying stability.
How does Larsen Family Public Library Inc. manage its liabilities?
Liabilities have fluctuated, reaching a high of $52,245 in 2020 and standing at $40,898 in 2023. While these are notable relative to assets, the organization has consistently managed to maintain positive net assets, indicating it can cover its obligations.
What is the trend in Larsen Family Public Library Inc.'s revenue?
Revenue has been somewhat inconsistent, with peaks like $193,158 in 2021 and lows like $69,240 in 2022. The latest reported revenue of $120,239 in 2023 is lower than some previous years, suggesting variability in funding sources.
Does Larsen Family Public Library Inc. pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation for all available periods, indicating that officers are not paid or are compensated in a manner not categorized as officer compensation.
Filing History
IRS 990 filing history for Larsen Family Public Library Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Larsen Family Public Library Inc's revenue has declined by 34.3%, moving from $183K to $120K. Total assets increased by 79.4% over the same period, from $86K to $155K. Total functional expenses fell by 24.3%, from $206K to $156K. In its most recent filing year (2023), Larsen Family Public Library Inc reported a deficit of $36K, with expenses exceeding revenue. The organization holds $41K in liabilities against $155K in assets (debt-to-asset ratio: 26.5%), resulting in net assets of $114K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $120K | $156K | $155K | $41K | — | — |
| 2022 | $69K | $114K | $74K | $51K | — | View 990 |
| 2021 | $193K | $149K | $116K | $49K | — | View 990 |
| 2020 | $154K | $150K | $75K | $52K | — | View 990 |
| 2019 | $112K | $140K | $69K | $50K | — | View 990 |
| 2018 | $150K | $144K | $57K | $10K | — | View 990 |
| 2017 | $142K | $138K | $56K | $15K | — | View 990 |
| 2016 | $139K | $132K | $52K | $15K | — | View 990 |
| 2015 | $141K | $129K | $39K | $9K | — | View 990 |
| 2014 | $135K | $143K | $20K | $1K | — | View 990 |
| 2013 | $108K | $125K | $30K | $3K | — | View 990 |
| 2012 | $111K | $153K | $45K | $1K | — | View 990 |
| 2011 | $183K | $206K | $86K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $120K, expenses of $156K, and assets of $155K (revenue +73.7% year-over-year).
- 2022: Revenue of $69K, expenses of $114K, and assets of $74K (revenue -64.2% year-over-year).
- 2021: Revenue of $193K, expenses of $149K, and assets of $116K (revenue +25.7% year-over-year).
- 2020: Revenue of $154K, expenses of $150K, and assets of $75K (revenue +36.9% year-over-year).
- 2019: Revenue of $112K, expenses of $140K, and assets of $69K (revenue -25.0% year-over-year).
- 2018: Revenue of $150K, expenses of $144K, and assets of $57K (revenue +5.5% year-over-year).
- 2017: Revenue of $142K, expenses of $138K, and assets of $56K (revenue +2.0% year-over-year).
- 2016: Revenue of $139K, expenses of $132K, and assets of $52K (revenue -1.7% year-over-year).
- 2015: Revenue of $141K, expenses of $129K, and assets of $39K (revenue +5.1% year-over-year).
- 2014: Revenue of $135K, expenses of $143K, and assets of $20K (revenue +24.1% year-over-year).
- 2013: Revenue of $108K, expenses of $125K, and assets of $30K (revenue -2.6% year-over-year).
- 2012: Revenue of $111K, expenses of $153K, and assets of $45K (revenue -39.2% year-over-year).
- 2011: Revenue of $183K, expenses of $206K, and assets of $86K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Larsen Family Public Library Inc:
Data Sources and Methodology
This transparency report for Larsen Family Public Library 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.