Osceola Public Library Foundation
Osceola Public Library Foundation maintains over $1.2M in assets but consistently spends more than it earns.
EIN: 204864052 · Osceola, IA · NTEE: B117 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $48K |
| Total Expenses | $24K |
| Program Spending | 70% |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Is Osceola Public Library Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Osceola Public Library Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Osceola Public Library Foundation
Osceola Public Library Foundation (EIN: 204864052) is a nonprofit organization based in Osceola, IA, classified under NTEE code B117. The organization reported total revenue of $48K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Osceola Public Library Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Osceola Public Library Foundation is a micro nonprofit that has been operating for 13 years, with 14 years of IRS 990 filings on record (2009–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $24K |
| Surplus / Deficit | $-9,950 |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | -71.7% |
| Months of Reserves | 617.1 months |
Financial Health Grade: B
In 2023, Osceola Public Library Foundation reported a deficit of $10K with expenses exceeding revenue, holds 617.1 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.7% | -58.5% | -0.8% |
| 2022 | -35.1% | +70.8% | -3.6% |
| 2021 | -46.3% | +511.3% | -1.2% |
| 2020 | +89.2% | -7.9% | +2.2% |
| 2019 | +58.9% | +6.2% | +1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2013 |
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 Osceola Public Library Foundation 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Osceola Public Library Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly efficient for an organization of its size.
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 Osceola Public Library Foundation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in 2021, 2022, 2023)
- Lack of detailed expense breakdown (program vs. admin) in available data
Strengths
The following positive indicators were identified for Osceola Public Library Foundation:
- Strong asset base (over $1.2 million consistently)
- Zero liabilities reported across all filings
- 0% officer compensation, indicating volunteer leadership and efficient use of funds for overhead
- Long history of IRS 990 filings (14 filings), demonstrating consistent reporting
Frequently Asked Questions about Osceola Public Library Foundation
Is Osceola Public Library Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Osceola Public Library Foundation (EIN: 204864052) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Osceola Public Library Foundation spend its money?
Osceola Public Library Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Osceola Public Library Foundation tax-deductible?
Osceola Public Library Foundation is registered as a tax-exempt nonprofit (EIN: 204864052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Osceola Public Library Foundation's spending goes to programs?
Osceola Public Library Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Osceola Public Library Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Osceola Public Library Foundation is above average for NTEE category B117 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Osceola Public Library Foundation located?
Osceola Public Library Foundation is headquartered in Osceola, Iowa and files with the IRS under EIN 204864052. It is classified under NTEE code B117.
How many years of IRS 990 filings does Osceola Public Library Foundation have?
Osceola Public Library Foundation has 14 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 $48K in total revenue.
Is the Osceola Public Library Foundation financially sustainable in the long term?
While the foundation has substantial assets ($1,224,911 in 2023), it has consistently spent more than its revenue in recent years (e.g., $23,819 expenses vs. $13,869 revenue in 2023). This trend, if continued, is not sustainable without drawing down on its principal or increasing revenue.
How does the foundation allocate its expenses?
The provided data does not offer a detailed breakdown of program versus administrative expenses. This makes it difficult to fully assess the efficiency of its spending and the direct impact on library programs.
Does the foundation pay its officers?
No, the foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership serves on a volunteer basis.
Filing History
IRS 990 filing history for Osceola Public Library Foundation showing financial trends over 14 years of public records:
Total assets increased by 122491000% over the same period, from $1 to $1.2M. In its most recent filing year (2023), Osceola Public Library Foundation reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $24K | $1.2M | $0 | — | View 990 |
| 2022 | $11K | $57K | $1.2M | $0 | — | View 990 |
| 2021 | $18K | $34K | $1.3M | $0 | — | — |
| 2020 | $33K | $5K | $1.3M | $0 | — | View 990 |
| 2019 | $17K | $6K | $1.3M | $0 | — | View 990 |
| 2018 | $11K | $6K | $1.3M | $0 | — | View 990 |
| 2017 | $7K | $6K | $1.2M | $0 | — | View 990 |
| 2016 | $7K | $6K | $1.2M | $0 | — | View 990 |
| 2015 | $8K | $7K | $1.2M | $0 | — | View 990 |
| 2014 | $48K | $16K | $1.2M | $0 | — | View 990 |
| 2013 | $11K | $8K | $1.2M | $0 | — | View 990 |
| 2012 | $10K | $27K | $1.2M | $0 | — | View 990 |
| 2010 | $1.2M | $6K | $1.2M | $0 | — | View 990 |
| 2009 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $24K, and assets of $1.2M (revenue +20.7% year-over-year).
- 2022: Revenue of $11K, expenses of $57K, and assets of $1.2M (revenue -35.1% year-over-year).
- 2021: Revenue of $18K, expenses of $34K, and assets of $1.3M (revenue -46.3% year-over-year).
- 2020: Revenue of $33K, expenses of $5K, and assets of $1.3M (revenue +89.2% year-over-year).
- 2019: Revenue of $17K, expenses of $6K, and assets of $1.3M (revenue +58.9% year-over-year).
- 2018: Revenue of $11K, expenses of $6K, and assets of $1.3M (revenue +60.7% year-over-year).
- 2017: Revenue of $7K, expenses of $6K, and assets of $1.2M (revenue +3.7% year-over-year).
- 2016: Revenue of $7K, expenses of $6K, and assets of $1.2M (revenue -15.8% year-over-year).
- 2015: Revenue of $8K, expenses of $7K, and assets of $1.2M (revenue -83.7% year-over-year).
- 2014: Revenue of $48K, expenses of $16K, and assets of $1.2M (revenue +319.5% year-over-year).
- 2013: Revenue of $11K, expenses of $8K, and assets of $1.2M (revenue +9.4% year-over-year).
- 2012: Revenue of $10K, expenses of $27K, and assets of $1.2M (revenue -99.1% year-over-year).
- 2010: Revenue of $1.2M, expenses of $6K, and assets of $1.2M.
- 2009: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Osceola Public Library Foundation:
Data Sources and Methodology
This transparency report for Osceola Public 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.