Lebanon Public Libraries Foundation

Lebanon Public Libraries Foundation maintains strong asset base with volunteer leadership and fluctuating project-based spending.

EIN: 204272140 · Lebanon, NH · NTEE: B117 · Updated: 2026-03-28

$95KRevenue

$392KAssets

88/100Mission Score (Excellent)

B117

About Lebanon Public Libraries Foundation

Lebanon Public Libraries Foundation (EIN: 204272140) is a nonprofit organization based in Lebanon, NH, classified under NTEE code B117. The organization reported total revenue of $95K and total assets of $392K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lebanon Public Libraries Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Lebanon Public Libraries Foundation demonstrates a generally stable financial position, with assets growing significantly over the past decade, from $193,872 in 2014 to $265,490 in 2023, and reaching a peak of $392,781 in 2021. The organization consistently reports zero liabilities, indicating strong financial management and no reliance on debt. Revenue and expenses have fluctuated, with a notable surplus in 2020 ($183,763 revenue vs. $22,264 expenses) and a deficit in 2022 ($97,265 revenue vs. $220,146 expenses), suggesting project-based spending or timing differences in funding. The foundation's consistent reporting of 0% officer compensation across all filings indicates a volunteer-led structure, which contributes to lower administrative overhead and high transparency regarding executive pay.

The organization's financial health appears sound for its size, with a healthy asset base relative to its annual revenue. The fluctuations in revenue and expenses are common for smaller foundations that may fund specific projects or campaigns. The consistent absence of liabilities is a significant positive indicator of fiscal prudence. While detailed program spending breakdowns are not provided in the summary data, the lack of officer compensation suggests that a substantial portion of funds, after administrative costs, would likely be directed towards its mission of supporting public libraries.

Transparency is high regarding executive compensation, as no officers receive salaries. The consistent filing of IRS Form 990s over 13 periods further demonstrates a commitment to public accountability. The organization's financial operations appear straightforward and well-managed, particularly given its volunteer leadership.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Lebanon Public Libraries Foundation with a Mission Score of 88 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: 85%
fundraising: 0%

According to IRS 990 filings, Lebanon Public Libraries Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all filings, indicating that the organization is entirely volunteer-led at the officer level, which is highly efficient for an organization of its size.

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 Lebanon Public Libraries Foundation:

Consistent 0% officer compensation, indicating volunteer leadership and high efficiency.
Maintains a strong and growing asset base, reaching $392,781 in 2021 and $265,490 in 2023.
Consistently reports $0 liabilities, demonstrating strong financial management and no debt.
Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Healthy asset-to-revenue ratio, providing financial stability.

Frequently Asked Questions about Lebanon Public Libraries Foundation

Is Lebanon Public Libraries Foundation a good charity?

Based on the available data, the Lebanon Public Libraries Foundation appears to be a well-managed and fiscally responsible charity. It maintains a strong asset base, consistently reports zero liabilities, and operates with 0% officer compensation, indicating a high degree of volunteerism and efficiency.

How does the foundation manage its finances without paid officers?

The consistent reporting of 0% officer compensation suggests that the foundation relies on dedicated volunteers for its leadership and operational management, which significantly reduces administrative overhead and allows more funds to be directed towards its mission.

Why do revenue and expenses fluctuate so much year-to-year?

Fluctuations in revenue and expenses, such as the large surplus in 2020 ($183,763 revenue vs. $22,264 expenses) and deficit in 2022 ($97,265 revenue vs. $220,146 expenses), are common for smaller foundations. This could indicate project-based funding cycles, where large donations are received for specific initiatives and then spent over subsequent periods, or the timing of grant disbursements.

Filing History

IRS 990 filing history for Lebanon Public Libraries Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Lebanon Public Libraries Foundation's revenue has declined by 93.9%, moving from $740K to $45K. Total assets decreased by 38.6% over the same period, from $433K to $265K. Total functional expenses fell by 89.9%, from $423K to $43K. In its most recent filing year (2023), Lebanon Public Libraries Foundation reported a surplus of $3K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$45K	$43K	$265K	$0	—	—
2022	$97K	$220K	$235K	$0	—	View 990
2021	$237K	$208K	$393K	$0	—	View 990
2020	$184K	$22K	$337K	$0	—	View 990
2019	$51K	$43K	$154K	$0	—	View 990
2018	$41K	$53K	$123K	$0	—	View 990
2017	$60K	$58K	$144K	$0	—	View 990
2016	$65K	$70K	$141K	$0	—	View 990
2015	$57K	$104K	$146K	$602	—	View 990
2014	$135K	$84K	$194K	$763	—	View 990
2013	$93K	$271K	$142K	$400	—	View 990
2012	$150K	$263K	$320K	$0	—	View 990
2011	$740K	$423K	$433K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $45K, expenses of $43K, and assets of $265K (revenue -53.4% year-over-year).
2022: Revenue of $97K, expenses of $220K, and assets of $235K (revenue -58.9% year-over-year).
2021: Revenue of $237K, expenses of $208K, and assets of $393K (revenue +28.8% year-over-year).
2020: Revenue of $184K, expenses of $22K, and assets of $337K (revenue +261.1% year-over-year).
2019: Revenue of $51K, expenses of $43K, and assets of $154K (revenue +25.0% year-over-year).
2018: Revenue of $41K, expenses of $53K, and assets of $123K (revenue -32.4% year-over-year).
2017: Revenue of $60K, expenses of $58K, and assets of $144K (revenue -8.0% year-over-year).
2016: Revenue of $65K, expenses of $70K, and assets of $141K (revenue +15.1% year-over-year).
2015: Revenue of $57K, expenses of $104K, and assets of $146K (revenue -58.0% year-over-year).
2014: Revenue of $135K, expenses of $84K, and assets of $194K (revenue +46.1% year-over-year).
2013: Revenue of $93K, expenses of $271K, and assets of $142K (revenue -38.2% year-over-year).
2012: Revenue of $150K, expenses of $263K, and assets of $320K (revenue -79.7% year-over-year).
2011: Revenue of $740K, expenses of $423K, and assets of $433K.

Data Sources and Methodology

This transparency report for Lebanon Public Libraries Foundation 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.