Monson Free Library And Reading Room Association
EIN: 42105892 · Monson, MA · NTEE: B71Z
| Metric | Value |
|---|---|
| Total Revenue | $588K |
| Total Expenses | $552K |
| Net Assets | $1.9M |
Is Monson Free Library And Reading Room Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Monson Free Library And Reading Room Association
Monson Free Library And Reading Room Association (EIN: 42105892) is a nonprofit organization based in Monson, MA, classified under NTEE code B71Z. The organization reported total revenue of $588K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monson Free Library And Reading Room Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Monson Free Library And Reading Room Association is a small nonprofit that has been operating for 92 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $396K |
| Total Expenses | $552K |
| Surplus / Deficit | $-156,144 |
| Total Assets | $2.2M |
| Total Liabilities | $348K |
| Net Assets | $1.9M |
| Operating Margin | -39.5% |
| Debt-to-Asset Ratio | 15.7% |
| Months of Reserves | 48.3 months |
Financial Health Grade: B
In 2024, Monson Free Library And Reading Room Association reported a deficit of $156K with expenses exceeding revenue, holds 48.3 months of operating reserves (strong position), has a debt-to-asset ratio of 15.7% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Monson Free Library And Reading Room Association's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -7.4% | +19.1% | -1.6% |
| 2023 | +3.9% | +20.3% | +11.6% |
| 2022 | +4.7% | +2.0% | -4.4% |
| 2021 | -13.9% | -11.1% | +8.2% |
| 2020 | +12.7% | -6.0% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| IRS Ruling Date | 1934 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Monson Free Library And Reading Room 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 Monson Free Library And Reading Room 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 deficit of $156K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.7%.
Frequently Asked Questions about Monson Free Library And Reading Room Association
Is Monson Free Library And Reading Room Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Monson Free Library And Reading Room Association (EIN: 42105892) insufficient data. 0 red flags identified, 0 strengths noted.
How does Monson Free Library And Reading Room Association spend its money?
Detailed spending breakdown data is not yet available for Monson Free Library And Reading Room Association. Check back for updated IRS 990 analysis.
Are donations to Monson Free Library And Reading Room Association tax-deductible?
Monson Free Library And Reading Room Association is registered as a tax-exempt nonprofit (EIN: 42105892). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Monson Free Library And Reading Room Association located?
Monson Free Library And Reading Room Association is headquartered in Monson, Massachusetts and files with the IRS under EIN 42105892. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Monson Free Library And Reading Room Association have?
Monson Free Library And Reading Room 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 $588K in total revenue.
Filing History
IRS 990 filing history for Monson Free Library And Reading Room Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Monson Free Library And Reading Room Association's revenue has grown by 14.9%, moving from $344K to $396K. Total assets increased by 15.5% over the same period, from $1.9M to $2.2M. Total functional expenses rose by 66.3%, from $332K to $552K. In its most recent filing year (2024), Monson Free Library And Reading Room Association reported a deficit of $156K, with expenses exceeding revenue. The organization holds $348K in liabilities against $2.2M in assets (debt-to-asset ratio: 15.7%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $396K | $552K | $2.2M | $348K | — | — |
| 2023 | $427K | $463K | $2.3M | $331K | — | View 990 |
| 2022 | $412K | $385K | $2.0M | $119K | — | View 990 |
| 2021 | $393K | $378K | $2.1M | $119K | — | View 990 |
| 2020 | $456K | $424K | $2.0M | $122K | — | View 990 |
| 2019 | $405K | $452K | $1.9M | $125K | — | View 990 |
| 2018 | $369K | $431K | $2.0M | $129K | — | View 990 |
| 2017 | $478K | $419K | $2.0M | $110K | — | View 990 |
| 2016 | $343K | $378K | $1.9M | $72K | — | View 990 |
| 2015 | $385K | $357K | $2.0M | $95K | — | View 990 |
| 2014 | $351K | $349K | $2.0M | $79K | — | View 990 |
| 2013 | $343K | $328K | $1.9M | $84K | — | View 990 |
| 2012 | $0 | $0 | $0 | $0 | — | — |
| 2011 | $344K | $332K | $1.9M | $94K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $396K, expenses of $552K, and assets of $2.2M (revenue -7.4% year-over-year).
- 2023: Revenue of $427K, expenses of $463K, and assets of $2.3M (revenue +3.9% year-over-year).
- 2022: Revenue of $412K, expenses of $385K, and assets of $2.0M (revenue +4.7% year-over-year).
- 2021: Revenue of $393K, expenses of $378K, and assets of $2.1M (revenue -13.9% year-over-year).
- 2020: Revenue of $456K, expenses of $424K, and assets of $2.0M (revenue +12.7% year-over-year).
- 2019: Revenue of $405K, expenses of $452K, and assets of $1.9M (revenue +9.6% year-over-year).
- 2018: Revenue of $369K, expenses of $431K, and assets of $2.0M (revenue -22.6% year-over-year).
- 2017: Revenue of $478K, expenses of $419K, and assets of $2.0M (revenue +39.4% year-over-year).
- 2016: Revenue of $343K, expenses of $378K, and assets of $1.9M (revenue -11.1% year-over-year).
- 2015: Revenue of $385K, expenses of $357K, and assets of $2.0M (revenue +9.8% year-over-year).
- 2014: Revenue of $351K, expenses of $349K, and assets of $2.0M (revenue +2.3% year-over-year).
- 2013: Revenue of $343K, expenses of $328K, and assets of $1.9M.
- 2012: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2011: Revenue of $344K, expenses of $332K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Monson Free Library And Reading Room Association:
Data Sources and Methodology
This transparency report for Monson Free Library And Reading Room 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.