Lee Library Association
EIN: 42156198 · Lee, MA
| Metric | Value |
|---|---|
| Total Revenue | $347K |
| Total Expenses | $288K |
| Net Assets | $501K |
Is Lee Library Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lee Library Association
Lee Library Association (EIN: 42156198) is a nonprofit organization based in Lee, MA. The organization reported total revenue of $347K and total assets of $539K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lee Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lee Library Association is a small nonprofit that has been operating for 73 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $294K |
| Total Expenses | $288K |
| Surplus / Deficit | +$6K |
| Total Assets | $501K |
| Net Assets | $501K |
| Operating Margin | 2.1% |
| Months of Reserves | 20.9 months |
Financial Health Grade: A
In 2024, Lee Library Association reported a surplus of $6K with revenue exceeding expenses, holds 20.9 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Lee Library Association's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +3.1% | -4.5% | +8.5% |
| 2023 | +2.3% | +17.3% | +-0.0% |
| 2022 | +6.6% | +9.6% | -5.8% |
| 2021 | -8.9% | -16.0% | +20.2% |
| 2020 | -9.1% | -7.7% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3200 |
| IRS Ruling Date | 1953 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lee Library Association 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 Lee Library Association 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
Frequently Asked Questions about Lee Library Association
Is Lee Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Lee Library Association (EIN: 42156198) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lee Library Association spend its money?
Detailed spending breakdown data is not yet available for Lee Library Association. Check back for updated IRS 990 analysis.
Are donations to Lee Library Association tax-deductible?
Lee Library Association is registered as a tax-exempt nonprofit (EIN: 42156198). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lee Library Association located?
Lee Library Association is headquartered in Lee, Massachusetts and files with the IRS under EIN 42156198.
How many years of IRS 990 filings does Lee Library Association have?
Lee Library Association has 14 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 $347K in total revenue.
Filing History
IRS 990 filing history for Lee Library Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Lee Library Association's revenue has grown by 31.3%, moving from $224K to $294K. Total assets increased by 76.2% over the same period, from $284K to $501K. Total functional expenses rose by 29.9%, from $222K to $288K. In its most recent filing year (2024), Lee Library Association reported a surplus of $6K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $294K | $288K | $501K | $0 | — | — |
| 2023 | $285K | $301K | $461K | $0 | — | View 990 |
| 2022 | $279K | $257K | $461K | $0 | — | View 990 |
| 2021 | $262K | $234K | $490K | $0 | — | View 990 |
| 2020 | $287K | $279K | $408K | $0 | — | View 990 |
| 2019 | $316K | $302K | $400K | $0 | — | View 990 |
| 2018 | $264K | $251K | $387K | $0 | — | View 990 |
| 2017 | $256K | $237K | $366K | $0 | — | View 990 |
| 2016 | $245K | $232K | $333K | $0 | — | View 990 |
| 2015 | $246K | $238K | $325K | $0 | — | View 990 |
| 2014 | $246K | $231K | $323K | $0 | — | View 990 |
| 2013 | $235K | $242K | $289K | $0 | — | View 990 |
| 2012 | $225K | $232K | $276K | $0 | — | View 990 |
| 2011 | $224K | $222K | $284K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $294K, expenses of $288K, and assets of $501K (revenue +3.1% year-over-year).
- 2023: Revenue of $285K, expenses of $301K, and assets of $461K (revenue +2.3% year-over-year).
- 2022: Revenue of $279K, expenses of $257K, and assets of $461K (revenue +6.6% year-over-year).
- 2021: Revenue of $262K, expenses of $234K, and assets of $490K (revenue -8.9% year-over-year).
- 2020: Revenue of $287K, expenses of $279K, and assets of $408K (revenue -9.1% year-over-year).
- 2019: Revenue of $316K, expenses of $302K, and assets of $400K (revenue +19.5% year-over-year).
- 2018: Revenue of $264K, expenses of $251K, and assets of $387K (revenue +3.0% year-over-year).
- 2017: Revenue of $256K, expenses of $237K, and assets of $366K (revenue +4.8% year-over-year).
- 2016: Revenue of $245K, expenses of $232K, and assets of $333K (revenue -0.7% year-over-year).
- 2015: Revenue of $246K, expenses of $238K, and assets of $325K (revenue +0.4% year-over-year).
- 2014: Revenue of $246K, expenses of $231K, and assets of $323K (revenue +4.6% year-over-year).
- 2013: Revenue of $235K, expenses of $242K, and assets of $289K (revenue +4.2% year-over-year).
- 2012: Revenue of $225K, expenses of $232K, and assets of $276K (revenue +0.6% year-over-year).
- 2011: Revenue of $224K, expenses of $222K, and assets of $284K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lee Library Association:
Data Sources and Methodology
This transparency report for Lee Library Association 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.