Mendham Borough Library
Mendham Borough Library: Strong Financial Health, Consistent Community Service
EIN: 221463449 · Mendham, NJ · NTEE: B70 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $486K |
| Total Expenses | $470K |
| Program Spending | 85% |
| Net Assets | $1.8M |
| Transparency Score | 85/100 |
Is Mendham Borough Library Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mendham Borough Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mendham Borough Library
Mendham Borough Library (EIN: 221463449) is a nonprofit organization based in Mendham, NJ, classified under NTEE code B70. The organization reported total revenue of $486K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mendham Borough Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mendham Borough Library is a small nonprofit that has been operating for 73 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $579K |
| Total Expenses | $470K |
| Surplus / Deficit | +$109K |
| Total Assets | $1.8M |
| Total Liabilities | $6K |
| Net Assets | $1.8M |
| Operating Margin | 18.8% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 46.4 months |
Financial Health Grade: A
In 2023, Mendham Borough Library reported a surplus of $109K with revenue exceeding expenses, holds 46.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mendham Borough Library's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +70.0% | +35.5% | +6.2% |
| 2022 | -9.4% | +19.4% | -15.5% |
| 2021 | +10.3% | -2.4% | +11.3% |
| 2020 | +0.2% | -2.4% | +10.3% |
| 2019 | +2.8% | +16.0% | +15.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1953 |
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 Mendham Borough 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mendham Borough Library 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $109K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it is either minimal or covered under general administrative expenses, which are consistently low.
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 Mendham Borough Library:
- Consistent revenue generation over multiple years, demonstrating stable community support.
- Healthy and growing asset base, indicating long-term financial stability.
- Low liabilities across all reported years, reflecting prudent financial management.
- Strong program spending implied by low administrative and fundraising costs.
- Consistent operation and service delivery over an extended period.
Frequently Asked Questions about Mendham Borough Library
Is Mendham Borough Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Mendham Borough Library (EIN: 221463449) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Mendham Borough Library spend its money?
Mendham Borough Library directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mendham Borough Library tax-deductible?
Mendham Borough Library is registered as a tax-exempt nonprofit (EIN: 221463449). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mendham Borough Library's spending goes to programs?
Mendham Borough Library directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mendham Borough Library compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mendham Borough Library 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 Mendham Borough Library located?
Mendham Borough Library is headquartered in Mendham, New Jersey and files with the IRS under EIN 221463449. It is classified under NTEE code B70.
How many years of IRS 990 filings does Mendham Borough Library have?
Mendham Borough Library 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 $486K in total revenue.
What does Mendham Borough Library do?
Mendham Borough Library is a nonprofit organization in the Education sector, located in Mendham, New Jersey. It is classified under NTEE code B70.
How much revenue does Mendham Borough Library have?
Mendham Borough Library reported total revenue of $485,976. Based on 13 IRS 990 filings on record.
What are Mendham Borough Library's total assets?
Mendham Borough Library holds total assets of $2,062,109 as reported in IRS 990 filings.
Where is Mendham Borough Library located?
Mendham Borough Library is based in Mendham, New Jersey.
What is Mendham Borough Library's EIN?
Mendham Borough Library's Employer Identification Number (EIN) is 221463449. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mendham Borough Library?
Mendham Borough Library is classified under NTEE code B70 (Education).
Is Mendham Borough Library a registered 501(c)(3)?
Yes, Mendham Borough Library is recognized as a tax-exempt organization by the IRS. EIN: 221463449.
Does Mendham Borough Library file IRS Form 990?
Yes, Mendham Borough Library has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Mendham Borough Library's revenue in 2023?
In the 202312 filing period, Mendham Borough Library reported total revenue of $579,450, total expenses of $470,364, and net assets of $1,817,666.
Is Mendham Borough Library's revenue growing or declining?
Mendham Borough Library's revenue is growing. Revenue went from $340,882 (202212) to $579,450 (202312), a +70.0% change. Based on 13 filings on record.
What is Mendham Borough Library's most recent 990 filing?
The most recent IRS Form 990 filing for Mendham Borough Library covers tax period 202312. It shows revenue of $579,450, expenses of $470,364, total assets of $1,817,666, and liabilities of $6,305.
How much does Mendham Borough Library spend on programs vs administration?
Based on IRS 990 analysis, Mendham Borough Library allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Mendham Borough Library a trustworthy charity?
Based on AI analysis of IRS 990 data, Mendham Borough Library appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Mendham Borough Library's strengths?
Positive indicators for Mendham Borough Library include: Consistent revenue generation over multiple years, demonstrating stable community support.. Healthy and growing asset base, indicating long-term financial stability.. Low liabilities across all reported years, reflecting prudent financial management.. Strong program spending implied by low administrative and fundraising costs.. Consistent operation and service delivery over an extended period.. These findings are derived from AI analysis of the organization's financial filings.
How does Mendham Borough Library compensate executives?
Executive compensation is not reported in the provided data, suggesting it is either minimal or covered under general administrative expenses, which are consistently low. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Mendham Borough Library?
• Financial data is consistently reported annually, showing clear revenue and expense trends. • The organization maintains a healthy asset base, growing from $1.3M in 2016 to over $2M in 2021. • Liabilities are consistently low, indicating strong financial management. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the library manage to maintain such a low percentage of fundraising expenses despite consistent revenue?
The consistent revenue, coupled with low fundraising expenses, suggests that the library benefits from stable, perhaps government or endowment-based, funding sources, or highly efficient, low-cost fundraising methods like community drives or direct donations.
What is the primary driver behind the significant increase in assets from $1.7M in 2022 to $1.8M in 2023, given the relatively stable revenue?
The increase in assets, despite stable revenue, could be attributed to strategic investments, capital improvements, or a significant one-time donation or grant that was not categorized as recurring revenue in the provided data.
Filing History
IRS 990 filing history for Mendham Borough Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mendham Borough Library's revenue has grown by 60.1%, moving from $362K to $579K. Total assets increased by 85.6% over the same period, from $979K to $1.8M. Total functional expenses rose by 47.4%, from $319K to $470K. In its most recent filing year (2023), Mendham Borough Library reported a surplus of $109K, with revenue exceeding expenses. The organization holds $6K in liabilities against $1.8M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $579K | $470K | $1.8M | $6K | — | — |
| 2022 | $341K | $347K | $1.7M | $8K | — | View 990 |
| 2021 | $376K | $291K | $2.0M | $9K | — | View 990 |
| 2020 | $341K | $298K | $1.8M | $7K | — | — |
| 2019 | $340K | $305K | $1.6M | $4K | — | View 990 |
| 2018 | $331K | $263K | $1.4M | $5K | — | View 990 |
| 2017 | $381K | $281K | $1.5M | $5K | — | — |
| 2016 | $344K | $261K | $1.3M | $7K | — | View 990 |
| 2015 | $340K | $276K | $1.2M | $8K | — | View 990 |
| 2014 | $375K | $279K | $1.3M | $5K | — | View 990 |
| 2013 | $304K | $262K | $1.2M | $11K | — | View 990 |
| 2012 | $304K | $270K | $1.1M | $12K | — | View 990 |
| 2011 | $362K | $319K | $979K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $579K, expenses of $470K, and assets of $1.8M (revenue +70.0% year-over-year).
- 2022: Revenue of $341K, expenses of $347K, and assets of $1.7M (revenue -9.4% year-over-year).
- 2021: Revenue of $376K, expenses of $291K, and assets of $2.0M (revenue +10.3% year-over-year).
- 2020: Revenue of $341K, expenses of $298K, and assets of $1.8M (revenue +0.2% year-over-year).
- 2019: Revenue of $340K, expenses of $305K, and assets of $1.6M (revenue +2.8% year-over-year).
- 2018: Revenue of $331K, expenses of $263K, and assets of $1.4M (revenue -13.1% year-over-year).
- 2017: Revenue of $381K, expenses of $281K, and assets of $1.5M (revenue +10.6% year-over-year).
- 2016: Revenue of $344K, expenses of $261K, and assets of $1.3M (revenue +1.3% year-over-year).
- 2015: Revenue of $340K, expenses of $276K, and assets of $1.2M (revenue -9.3% year-over-year).
- 2014: Revenue of $375K, expenses of $279K, and assets of $1.3M (revenue +23.3% year-over-year).
- 2013: Revenue of $304K, expenses of $262K, and assets of $1.2M (revenue -0.1% year-over-year).
- 2012: Revenue of $304K, expenses of $270K, and assets of $1.1M (revenue -15.9% year-over-year).
- 2011: Revenue of $362K, expenses of $319K, and assets of $979K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mendham Borough Library:
Data Sources and Methodology
This transparency report for Mendham Borough 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.