Morristown Centennial Library Association
EIN: 30179589 · Morrisville, VT · NTEE: B71Z
| Metric | Value |
|---|---|
| Total Revenue | $961K |
| Total Expenses | $334K |
| Net Assets | $1.5M |
Is Morristown Centennial 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 Morristown Centennial Library Association
Morristown Centennial Library Association (EIN: 30179589) is a nonprofit organization based in Morrisville, VT, classified under NTEE code B71Z. The organization reported total revenue of $961K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morristown Centennial Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morristown Centennial Library Association is a small nonprofit that has been operating for 50 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 | $307K |
| Total Expenses | $334K |
| Surplus / Deficit | $-26,648 |
| Total Assets | $1.6M |
| Total Liabilities | $9K |
| Net Assets | $1.5M |
| Operating Margin | -8.7% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 56.0 months |
Financial Health Grade: B
In 2023, Morristown Centennial Library Association reported a deficit of $27K with expenses exceeding revenue, holds 56.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Morristown Centennial Library Association's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.9% | -1.6% | +0.7% |
| 2022 | -30.7% | +16.6% | -15.3% |
| 2021 | +117.0% | -10.8% | +35.8% |
| 2020 | -33.9% | +13.2% | -22.2% |
| 2019 | +24.2% | +1.3% | -13.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Morristown Centennial 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 Morristown Centennial 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Morristown Centennial Library Association
Is Morristown Centennial Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Morristown Centennial Library Association (EIN: 30179589) insufficient data. 0 red flags identified, 0 strengths noted.
How does Morristown Centennial Library Association spend its money?
Detailed spending breakdown data is not yet available for Morristown Centennial Library Association. Check back for updated IRS 990 analysis.
Are donations to Morristown Centennial Library Association tax-deductible?
Morristown Centennial Library Association is registered as a tax-exempt nonprofit (EIN: 30179589). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morristown Centennial Library Association located?
Morristown Centennial Library Association is headquartered in Morrisville, Vermont and files with the IRS under EIN 30179589. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Morristown Centennial Library Association have?
Morristown Centennial Library Association 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 $961K in total revenue.
Filing History
IRS 990 filing history for Morristown Centennial Library Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Morristown Centennial Library Association's revenue has declined by 33.8%, moving from $463K to $307K. Total assets decreased by 26.5% over the same period, from $2.1M to $1.6M. Total functional expenses rose by 86.3%, from $179K to $334K. In its most recent filing year (2023), Morristown Centennial Library Association reported a deficit of $27K, with expenses exceeding revenue. The organization holds $9K in liabilities against $1.6M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $307K | $334K | $1.6M | $9K | — | — |
| 2022 | $374K | $339K | $1.5M | $9K | — | View 990 |
| 2021 | $539K | $291K | $1.8M | $34K | — | — |
| 2020 | $249K | $326K | $1.3M | $48K | — | View 990 |
| 2019 | $376K | $288K | $1.7M | $5K | — | View 990 |
| 2018 | $303K | $284K | $2.0M | $1K | — | View 990 |
| 2017 | $409K | $259K | $1.9M | $0 | — | View 990 |
| 2016 | $344K | $243K | $1.6M | $2K | — | View 990 |
| 2015 | $284K | $219K | $1.4M | $0 | — | View 990 |
| 2014 | $262K | $218K | $1.4M | $0 | — | View 990 |
| 2013 | $619K | $1.9M | $1.2M | $0 | — | View 990 |
| 2012 | $423K | $175K | $2.4M | $45K | — | View 990 |
| 2011 | $463K | $179K | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $307K, expenses of $334K, and assets of $1.6M (revenue -17.9% year-over-year).
- 2022: Revenue of $374K, expenses of $339K, and assets of $1.5M (revenue -30.7% year-over-year).
- 2021: Revenue of $539K, expenses of $291K, and assets of $1.8M (revenue +117.0% year-over-year).
- 2020: Revenue of $249K, expenses of $326K, and assets of $1.3M (revenue -33.9% year-over-year).
- 2019: Revenue of $376K, expenses of $288K, and assets of $1.7M (revenue +24.2% year-over-year).
- 2018: Revenue of $303K, expenses of $284K, and assets of $2.0M (revenue -25.9% year-over-year).
- 2017: Revenue of $409K, expenses of $259K, and assets of $1.9M (revenue +18.7% year-over-year).
- 2016: Revenue of $344K, expenses of $243K, and assets of $1.6M (revenue +21.4% year-over-year).
- 2015: Revenue of $284K, expenses of $219K, and assets of $1.4M (revenue +8.0% year-over-year).
- 2014: Revenue of $262K, expenses of $218K, and assets of $1.4M (revenue -57.6% year-over-year).
- 2013: Revenue of $619K, expenses of $1.9M, and assets of $1.2M (revenue +46.2% year-over-year).
- 2012: Revenue of $423K, expenses of $175K, and assets of $2.4M (revenue -8.6% year-over-year).
- 2011: Revenue of $463K, expenses of $179K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morristown Centennial Library Association:
Data Sources and Methodology
This transparency report for Morristown Centennial 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.