Norwood Library Association Inc
Norwood Library Association: Consistent Community Resource with Room for Transparency
EIN: 221981700 · Norwood, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $563K |
| Total Expenses | $477K |
| Program Spending | 85% |
| Net Assets | $847K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Norwood Library Association Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Norwood Library Association 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 Norwood Library Association Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $523K and expenses of $477K.
Revenue and Expenses
Norwood Library Association Inc reported $523K in revenue and $477K in expenses, a surplus of $46K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Norwood Library Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $405K (85%) |
Across stored filings, Norwood Library Association Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Dance For The Cure Inc →All New Jersey nonprofits
Local and Sector Spokes
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Norwood, NJ nonprofitsFollow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Norwood Library Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Norwood Library Association Inc
Norwood Library Association Inc (EIN: 221981700) is a nonprofit organization based in Norwood, NJ. The organization reported total revenue of $563K and total assets of $830K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norwood Library Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Norwood Library Association Inc is a small nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $523K |
| Total Expenses | $477K |
| Surplus / Deficit | +$46K |
| Total Assets | $847K |
| Net Assets | $847K |
| Operating Margin | 8.9% |
| Months of Reserves | 21.3 months |
Financial Health Grade: A
In 2023, Norwood Library Association Inc reported a surplus of $46K with revenue exceeding expenses, holds 21.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Norwood Library Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.8% | -9.5% | +5.8% |
| 2022 | -11.0% | +8.1% | -4.9% |
| 2021 | +20.4% | -19.9% | +7.4% |
| 2020 | -45.4% | +14.1% | — |
| 2019 | +83.3% | +34.4% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1979 |
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 Norwood Library Association 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, Norwood Library Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $46K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it is below the IRS reporting threshold or not applicable.
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 Norwood Library Association Inc's IRS 990 filings:
- Lack of detailed spending breakdown without deeper Form 990 analysis.
- No explicit mention of executive compensation in provided data, which could be a red flag if significant compensation exists but is not transparently reported.
Strengths
The following positive indicators were identified for Norwood Library Association Inc:
- Consistent revenue generation over multiple years, indicating stable community support.
- Healthy asset base of $830,281 as of 2023, suggesting financial stability.
- Long operational history (data back to 2016) demonstrates sustained service to the community.
Frequently Asked Questions about Norwood Library Association Inc
Is Norwood Library Association Inc a legitimate charity?
Norwood Library Association Inc (EIN: 221981700) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $563K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Norwood Library Association Inc spend its money?
Norwood Library Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Norwood Library Association Inc tax-deductible?
Norwood Library Association Inc is registered as a tax-exempt nonprofit (EIN: 221981700). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Norwood Library Association Inc's spending goes to programs?
Norwood Library Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Norwood Library Association Inc located?
Norwood Library Association Inc is headquartered in Norwood, New Jersey and files with the IRS under EIN 221981700.
How many years of IRS 990 filings does Norwood Library Association Inc have?
Norwood Library Association Inc 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 $563K in total revenue.
What does Norwood Library Association Inc do?
Norwood Library Association Inc is a nonprofit organization in the Unknown sector, located in Norwood, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Norwood Library Association Inc have?
Norwood Library Association Inc reported total revenue of $562,969. Based on 13 IRS 990 filings on record.
What are Norwood Library Association Inc's total assets?
Norwood Library Association Inc holds total assets of $830,281 as reported in IRS 990 filings.
Where is Norwood Library Association Inc located?
Norwood Library Association Inc is based in Norwood, New Jersey.
What is Norwood Library Association Inc's EIN?
Norwood Library Association Inc's Employer Identification Number (EIN) is 221981700. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Norwood Library Association Inc?
Norwood Library Association Inc is classified under NTEE code Unknown (Unknown).
Is Norwood Library Association Inc a registered 501(c)(3)?
Norwood Library Association Inc appears in IRS records (EIN: 221981700). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Norwood Library Association Inc file IRS Form 990?
Yes, Norwood Library Association Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Norwood Library Association Inc's revenue in 2023?
In the 202312 filing period, Norwood Library Association Inc reported total revenue of $523,115, total expenses of $476,665, and net assets of $847,114.
Is Norwood Library Association Inc's revenue growing or declining?
Norwood Library Association Inc's revenue is growing. Revenue went from $485,096 (202212) to $523,115 (202312), a +7.8% change. Based on 13 filings on record.
What is Norwood Library Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Norwood Library Association Inc covers tax period 202312. It shows revenue of $523,115, expenses of $476,665, total assets of $847,114, and liabilities of N/A.
How much does Norwood Library Association Inc spend on programs vs administration?
Based on IRS 990 analysis, Norwood Library Association Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Norwood Library Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Norwood Library Association Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Norwood Library Association Inc?
The following concerns were identified: Lack of detailed spending breakdown without deeper Form 990 analysis.. No explicit mention of executive compensation in provided data, which could be a red flag if significant compensation exists but is not transparently reported.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Norwood Library Association Inc's strengths?
Positive indicators for Norwood Library Association Inc include: Consistent revenue generation over multiple years, indicating stable community support.. Healthy asset base of $830,281 as of 2023, suggesting financial stability.. Long operational history (data back to 2016) demonstrates sustained service to the community.. These findings are derived from AI analysis of the organization's financial filings.
How does Norwood Library Association Inc compensate executives?
Executive compensation is not reported in the provided data, suggesting it is below the IRS reporting threshold or not applicable. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and asset base, what specific initiatives or capital improvements has the Norwood Library Association undertaken to enhance community services?
The provided data does not detail specific initiatives or capital improvements. Further investigation into their annual reports or public communications would be necessary to answer this.
Filing History
IRS 990 filing history for Norwood Library Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Norwood Library Association Inc's revenue has declined by 57.7%, moving from $1.2M to $523K. Total assets decreased by 21.3% over the same period, from $1.1M to $847K. Total functional expenses fell by 2.9%, from $491K to $477K. In its most recent filing year (2023), Norwood Library Association Inc reported a surplus of $46K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $523K | $477K | $847K | $0 | — | — |
| 2022 | $485K | $527K | $801K | $0 | — | View 990 |
| 2021 | $545K | $487K | $842K | $0 | — | View 990 |
| 2020 | $453K | $608K | $784K | $0 | — | — |
| 2019 | $830K | $533K | $0 | $0 | — | View 990 |
| 2018 | $453K | $397K | $0 | $0 | — | View 990 |
| 2017 | $460K | $467K | $587K | $0 | — | View 990 |
| 2016 | $479K | $396K | $0 | $0 | — | View 990 |
| 2015 | $402K | $417K | $0 | $0 | — | View 990 |
| 2014 | $456K | $527K | $517K | $0 | — | View 990 |
| 2013 | $690K | $432K | $587K | $0 | — | View 990 |
| 2012 | $477K | $1.2M | $329K | $0 | — | View 990 |
| 2011 | $1.2M | $491K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $523K, expenses of $477K, and assets of $847K (revenue +7.8% year-over-year).
- 2022: Revenue of $485K, expenses of $527K, and assets of $801K (revenue -11.0% year-over-year).
- 2021: Revenue of $545K, expenses of $487K, and assets of $842K (revenue +20.4% year-over-year).
- 2020: Revenue of $453K, expenses of $608K, and assets of $784K (revenue -45.4% year-over-year).
- 2019: Revenue of $830K, expenses of $533K, and assets of $0 (revenue +83.3% year-over-year).
- 2018: Revenue of $453K, expenses of $397K, and assets of $0 (revenue -1.6% year-over-year).
- 2017: Revenue of $460K, expenses of $467K, and assets of $587K (revenue -3.9% year-over-year).
- 2016: Revenue of $479K, expenses of $396K, and assets of $0 (revenue +19.0% year-over-year).
- 2015: Revenue of $402K, expenses of $417K, and assets of $0 (revenue -11.8% year-over-year).
- 2014: Revenue of $456K, expenses of $527K, and assets of $517K (revenue -33.8% year-over-year).
- 2013: Revenue of $690K, expenses of $432K, and assets of $587K (revenue +44.5% year-over-year).
- 2012: Revenue of $477K, expenses of $1.2M, and assets of $329K (revenue -61.4% year-over-year).
- 2011: Revenue of $1.2M, expenses of $491K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Norwood Library Association Inc:
Data Sources and Methodology
This transparency report for Norwood Library Association 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.