Norfolk Library Foundation
EIN: 237252018 · Norfolk, NE · NTEE: T22I
| Metric | Value |
|---|---|
| Total Revenue | $957K |
| Total Expenses | $20K |
| Net Assets | $1.0M |
Is Norfolk Library Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Norfolk Library Foundation
Norfolk Library Foundation (EIN: 237252018) is a nonprofit organization based in Norfolk, NE, classified under NTEE code T22I. The organization reported total revenue of $957K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norfolk Library Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Norfolk Library Foundation is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $20K |
| Surplus / Deficit | +$51K |
| Total Assets | $1.0M |
| Net Assets | $1.0M |
| Operating Margin | 71.6% |
| Months of Reserves | 595.7 months |
Financial Health Grade: A
In 2023, Norfolk Library Foundation reported a surplus of $51K with revenue exceeding expenses, holds 595.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Norfolk Library Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.7% | +34.8% | +5.3% |
| 2022 | -59.9% | -41.3% | +3.7% |
| 2021 | +113.3% | +397.4% | +11.7% |
| 2020 | +39.3% | -64.5% | +6.7% |
| 2019 | +18.7% | -58.2% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Norfolk Library Foundation 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 Norfolk Library Foundation 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 surplus of $51K, with revenue exceeding expenses.
Frequently Asked Questions about Norfolk Library Foundation
Is Norfolk Library Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Norfolk Library Foundation (EIN: 237252018) insufficient data. 0 red flags identified, 0 strengths noted.
How does Norfolk Library Foundation spend its money?
Detailed spending breakdown data is not yet available for Norfolk Library Foundation. Check back for updated IRS 990 analysis.
Are donations to Norfolk Library Foundation tax-deductible?
Norfolk Library Foundation is registered as a tax-exempt nonprofit (EIN: 237252018). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Norfolk Library Foundation located?
Norfolk Library Foundation is headquartered in Norfolk, Nebraska and files with the IRS under EIN 237252018. It is classified under NTEE code T22I.
How many years of IRS 990 filings does Norfolk Library Foundation have?
Norfolk Library Foundation 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 $957K in total revenue.
Filing History
IRS 990 filing history for Norfolk Library Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Norfolk Library Foundation's revenue has grown by 276.6%, moving from $19K to $72K. Total assets increased by 53.4% over the same period, from $659K to $1.0M. Total functional expenses rose by 15.9%, from $18K to $20K. In its most recent filing year (2023), Norfolk Library Foundation reported a surplus of $51K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $72K | $20K | $1.0M | $0 | — | — |
| 2022 | $49K | $15K | $959K | $0 | — | View 990 |
| 2021 | $123K | $26K | $925K | $0 | — | View 990 |
| 2020 | $57K | $5K | $828K | $0 | — | View 990 |
| 2019 | $41K | $15K | $776K | $0 | — | View 990 |
| 2018 | $35K | $35K | $749K | $0 | — | View 990 |
| 2017 | $67K | $14K | $749K | $0 | — | View 990 |
| 2016 | $24K | $13K | $696K | $0 | — | View 990 |
| 2015 | $57K | $14K | $685K | $0 | — | View 990 |
| 2014 | $47K | $83K | $642K | $0 | — | View 990 |
| 2013 | $26K | $12K | $678K | $0 | — | View 990 |
| 2012 | $22K | $16K | $664K | $0 | — | View 990 |
| 2011 | $19K | $18K | $659K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $72K, expenses of $20K, and assets of $1.0M (revenue +45.7% year-over-year).
- 2022: Revenue of $49K, expenses of $15K, and assets of $959K (revenue -59.9% year-over-year).
- 2021: Revenue of $123K, expenses of $26K, and assets of $925K (revenue +113.3% year-over-year).
- 2020: Revenue of $57K, expenses of $5K, and assets of $828K (revenue +39.3% year-over-year).
- 2019: Revenue of $41K, expenses of $15K, and assets of $776K (revenue +18.7% year-over-year).
- 2018: Revenue of $35K, expenses of $35K, and assets of $749K (revenue -47.8% year-over-year).
- 2017: Revenue of $67K, expenses of $14K, and assets of $749K (revenue +180.9% year-over-year).
- 2016: Revenue of $24K, expenses of $13K, and assets of $696K (revenue -58.2% year-over-year).
- 2015: Revenue of $57K, expenses of $14K, and assets of $685K (revenue +20.3% year-over-year).
- 2014: Revenue of $47K, expenses of $83K, and assets of $642K (revenue +83.8% year-over-year).
- 2013: Revenue of $26K, expenses of $12K, and assets of $678K (revenue +18.3% year-over-year).
- 2012: Revenue of $22K, expenses of $16K, and assets of $664K (revenue +14.3% year-over-year).
- 2011: Revenue of $19K, expenses of $18K, and assets of $659K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Norfolk Library Foundation:
Data Sources and Methodology
This transparency report for Norfolk Library 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.