North Of Boston Library Exchange Inc
North Of Boston Library Exchange Inc: Consistent Operations, Modest Growth
EIN: 222712714 · Danvers, MA · NTEE: B71C · Updated: 2026-04-04
Is North Of Boston Library Exchange Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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.
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.
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
Is North Of Boston Library Exchange Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North Of Boston Library Exchange Inc (EIN: 222712714) some concerns. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
How does North Of Boston Library Exchange Inc spend its money?
North Of Boston Library Exchange Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Of Boston Library Exchange Inc tax-deductible?
North Of Boston Library Exchange Inc is registered as a tax-exempt nonprofit (EIN: 222712714). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does North Of Boston Library Exchange Inc do?
North Of Boston Library Exchange Inc is a nonprofit organization in the Education sector, located in Danvers, Massachusetts. It is classified under NTEE code B71C.
How much revenue does North Of Boston Library Exchange Inc have?
North Of Boston Library Exchange Inc reported total revenue of $2,736,999. Based on 13 IRS 990 filings on record.
What are North Of Boston Library Exchange Inc's total assets?
North Of Boston Library Exchange Inc holds total assets of $2,714,305 as reported in IRS 990 filings.
Where is North Of Boston Library Exchange Inc located?
North Of Boston Library Exchange Inc is based in Danvers, Massachusetts.
What is North Of Boston Library Exchange Inc's EIN?
North Of Boston Library Exchange Inc's Employer Identification Number (EIN) is 222712714. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is North Of Boston Library Exchange Inc?
North Of Boston Library Exchange Inc is classified under NTEE code B71C (Education).
Is North Of Boston Library Exchange Inc a registered 501(c)(3)?
Yes, North Of Boston Library Exchange Inc is recognized as a tax-exempt organization by the IRS. EIN: 222712714.
Does North Of Boston Library Exchange Inc file IRS Form 990?
Yes, North Of Boston Library Exchange Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was North Of Boston Library Exchange Inc's revenue in 2024?
In the 202406 filing period, North Of Boston Library Exchange Inc reported total revenue of $2,611,182, total expenses of $2,599,507, and net assets of $3,041,554.
Is North Of Boston Library Exchange Inc's revenue growing or declining?
North Of Boston Library Exchange Inc's revenue is relatively stable. Revenue went from $2,507,743 (202306) to $2,611,182 (202406), a +4.1% change. Based on 13 filings on record.
What is North Of Boston Library Exchange Inc's most recent 990 filing?
The most recent IRS Form 990 filing for North Of Boston Library Exchange Inc covers tax period 202406. It shows revenue of $2,611,182, expenses of $2,599,507, total assets of $3,041,554, and liabilities of $223,686.
How much does North Of Boston Library Exchange Inc spend on programs vs administration?
Based on IRS 990 analysis, North Of Boston Library Exchange Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is North Of Boston Library Exchange Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, North Of Boston Library Exchange Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for North Of Boston Library Exchange Inc?
The following concerns were identified: Lack of detailed program outcome reporting makes it difficult to fully evaluate the impact of their services.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are North Of Boston Library Exchange Inc's strengths?
Positive indicators for North Of Boston Library Exchange Inc include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does North Of Boston Library Exchange Inc compensate executives?
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 disclosure of officer, director, and key employee pay.
Given the consistent revenue and expense figures, what specific strategies does North Of Boston Library Exchange Inc employ to maintain such stable operations year over year?
The consistent revenue and expense figures suggest a well-established operational model, likely relying on predictable membership fees, grants, or service contracts within the library network. Further investigation into their funding sources and operational agreements would be needed to identify specific strategies.
With a consistent 'l' (liabilities) figure around $150,000-$300,000, what are the primary components of these liabilities and how are they managed?
Without more detailed financial statements, the exact components of liabilities cannot be determined. However, for an organization of this type, common liabilities might include accounts payable, deferred revenue, or short-term loans. The consistent range suggests a stable and managed liability structure.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $2.6M | $2.6M | $3.0M | $224K | — | View 990 |
| 2023 | $2.5M | $2.6M | $2.7M | $285K | — | View 990 |
| 2022 | $2.5M | $2.5M | $2.6M | $169K | — | View 990 |
| 2021 | $2.5M | $2.3M | $2.7M | $158K | — | View 990 |
| 2020 | $2.4M | $2.3M | $2.4M | $328K | — | View 990 |
| 2019 | $2.3M | $2.2M | $2.2M | $160K | — | View 990 |
| 2018 | $2.2M | $2.2M | $2.1M | $158K | — | View 990 |
| 2017 | $2.0M | $2.1M | $2.0M | $156K | — | View 990 |
| 2016 | $2.0M | $2.0M | $2.1M | $137K | — | View 990 |
| 2015 | $2.0M | $2.0M | $2.1M | $100K | — | View 990 |
| 2014 | $1.9M | $1.9M | $2.2M | $108K | — | View 990 |
| 2013 | $1.9M | $1.8M | $2.2M | $130K | — | View 990 |
| 2012 | $1.8M | $1.9M | $2.1M | $131K | — | View 990 |
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.
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.