Norwood Library Association Inc
Norwood Library Association: Consistent Community Resource with Room for Transparency
EIN: 221981700 · Norwood, NJ · Updated: 2026-04-04
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, Norwood Library Association Inc (EIN: 221981700) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Norwood Library Association Inc spend its money?
Norwood Library Association Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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 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.
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.