North Of Boston Library Exchange Inc

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North Of Boston Library Exchange Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

North Of Boston Library Exchange Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around North Of Boston Library Exchange Inc in one place.

Is North Of Boston Library Exchange Inc Legit?

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Request a concise report for North Of Boston Library Exchange Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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North Of Boston Library Exchange Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About North Of Boston Library Exchange Inc

North Of Boston Library Exchange Inc (EIN: 222712714) is a nonprofit organization based in Danvers, MA, classified under NTEE code B71C. The organization reported total revenue of $2.7M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Of Boston Library Exchange Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

North Of Boston Library Exchange Inc is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.2%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2024, North Of Boston Library Exchange Inc reported a surplus of $12K with revenue exceeding expenses, holds 14.0 months of operating reserves (strong position), has a debt-to-asset ratio of 7.4% (very low leverage).

Financial Trends

Over 13 years of filings (2012–2024), North Of Boston Library Exchange Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.

IRS Tax-Exempt Classification

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 North Of Boston Library Exchange Inc with a Mission Score of 75 out of 100 (Good). 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, North Of Boston Library Exchange Inc 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 (2024)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $12K, with revenue exceeding expenses.
• Debt-to-asset ratio: 7.4%.

Executive Compensation Analysis

Executive compensation cannot be assessed from the provided data, as no specific figures for individual salaries are included in the financial summaries.

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.

Red Flags

The following concerns were identified during AI analysis of North Of Boston Library Exchange Inc's IRS 990 filings:

• Lack of detailed program outcome reporting makes it difficult to fully evaluate the impact of their services.

Strengths

The following positive indicators were identified for North Of Boston Library Exchange Inc:

• Consistent revenue generation over several years demonstrates stable operations.
• Healthy asset base consistently exceeding liabilities indicates financial stability.
• Low administrative and fundraising percentages (implied by high program spending) suggest efficient use of funds.

Frequently Asked Questions about North Of Boston Library Exchange Inc

Filing History

IRS 990 filing history for North Of Boston Library Exchange Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), North Of Boston Library Exchange Inc's revenue has grown by 45.3%, moving from $1.8M to $2.6M. Total assets increased by 43% over the same period, from $2.1M to $3.0M. Total functional expenses rose by 35.6%, from $1.9M to $2.6M. In its most recent filing year (2024), North Of Boston Library Exchange Inc reported a surplus of $12K, with revenue exceeding expenses. The organization holds $224K in liabilities against $3.0M in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $2.8M.

Year-by-Year Financial Summary

• 2024: Revenue of $2.6M, expenses of $2.6M, and assets of $3.0M (revenue +4.1% year-over-year).
• 2023: Revenue of $2.5M, expenses of $2.6M, and assets of $2.7M (revenue +0.2% year-over-year).
• 2022: Revenue of $2.5M, expenses of $2.5M, and assets of $2.6M (revenue -1.4% year-over-year).
• 2021: Revenue of $2.5M, expenses of $2.3M, and assets of $2.7M (revenue +5.0% year-over-year).
• 2020: Revenue of $2.4M, expenses of $2.3M, and assets of $2.4M (revenue +6.7% year-over-year).
• 2019: Revenue of $2.3M, expenses of $2.2M, and assets of $2.2M (revenue +2.4% year-over-year).
• 2018: Revenue of $2.2M, expenses of $2.2M, and assets of $2.1M (revenue +9.6% year-over-year).
• 2017: Revenue of $2.0M, expenses of $2.1M, and assets of $2.0M (revenue +3.2% year-over-year).
• 2016: Revenue of $2.0M, expenses of $2.0M, and assets of $2.1M (revenue -0.8% year-over-year).
• 2015: Revenue of $2.0M, expenses of $2.0M, and assets of $2.1M (revenue +4.4% year-over-year).
• 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $2.2M (revenue +1.3% year-over-year).
• 2013: Revenue of $1.9M, expenses of $1.8M, and assets of $2.2M (revenue +3.6% year-over-year).
• 2012: Revenue of $1.8M, expenses of $1.9M, and assets of $2.1M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for North Of Boston Library Exchange Inc:

Data Sources and Methodology

This transparency report for North Of Boston Library Exchange Inc 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.