Patrons Of The Minot Public Library
EIN: 450349293 · Minot, ND
| Metric | Value |
|---|---|
| Total Revenue | $49K |
| Total Expenses | $36K |
| Net Assets | $154K |
Is Patrons Of The Minot Public Library Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Patrons Of The Minot Public Library
Patrons Of The Minot Public Library (EIN: 450349293) is a nonprofit organization based in Minot, ND. The organization reported total revenue of $49K and total assets of $134K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patrons Of The Minot Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Patrons Of The Minot Public Library is a micro nonprofit that has been operating for 45 years, with 6 years of IRS 990 filings on record (2010–2021). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $36K |
| Surplus / Deficit | $-3,712 |
| Total Assets | $154K |
| Net Assets | $154K |
| Operating Margin | -11.7% |
| Months of Reserves | 52.1 months |
Financial Health Grade: B
In 2021, Patrons Of The Minot Public Library reported a deficit of $4K with expenses exceeding revenue, holds 52.1 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2010–2021), Patrons Of The Minot Public Library's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +93.2% | -39.5% | +0.3% |
| 2020 | -78.0% | +85.0% | -23.8% |
| 2019 | +272.4% | +30.0% | +35.1% |
| 2017 | -70.4% | -32.8% | -0.2% |
| 2016 | +146.3% | +10.4% | +90.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Patrons Of The Minot Public Library has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Patrons Of The Minot Public Library with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
Frequently Asked Questions about Patrons Of The Minot Public Library
Is Patrons Of The Minot Public Library a legitimate charity?
Patrons Of The Minot Public Library (EIN: 450349293) is a registered tax-exempt nonprofit based in North Dakota. It has 6 years of IRS 990 filings on record. Total revenue: $49K. No red flags identified. Financial health grade: B.
How does Patrons Of The Minot Public Library spend its money?
Patrons Of The Minot Public Library reported $49K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Patrons Of The Minot Public Library tax-deductible?
Patrons Of The Minot Public Library is registered as a tax-exempt nonprofit (EIN: 450349293). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Patrons Of The Minot Public Library located?
Patrons Of The Minot Public Library is headquartered in Minot, North Dakota and files with the IRS under EIN 450349293.
How many years of IRS 990 filings does Patrons Of The Minot Public Library have?
Patrons Of The Minot Public Library has 6 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 $49K in total revenue.
Filing History
IRS 990 filing history for Patrons Of The Minot Public Library showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2010–2021), Patrons Of The Minot Public Library's revenue has grown by 15.1%, moving from $28K to $32K. Total assets increased by 96% over the same period, from $79K to $154K. Total functional expenses rose by 8%, from $33K to $36K. In its most recent filing year (2021), Patrons Of The Minot Public Library reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $32K | $36K | $154K | $0 | — | — |
| 2020 | $16K | $59K | $154K | $0 | — | View 990 |
| 2019 | $75K | $32K | $202K | $0 | — | View 990 |
| 2017 | $20K | $24K | $149K | $0 | — | — |
| 2016 | $68K | $36K | $150K | $0 | — | View 990 |
| 2010 | $28K | $33K | $79K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $32K, expenses of $36K, and assets of $154K (revenue +93.2% year-over-year).
- 2020: Revenue of $16K, expenses of $59K, and assets of $154K (revenue -78.0% year-over-year).
- 2019: Revenue of $75K, expenses of $32K, and assets of $202K (revenue +272.4% year-over-year).
- 2017: Revenue of $20K, expenses of $24K, and assets of $149K (revenue -70.4% year-over-year).
- 2016: Revenue of $68K, expenses of $36K, and assets of $150K (revenue +146.3% year-over-year).
- 2010: Revenue of $28K, expenses of $33K, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Patrons Of The Minot Public Library:
Data Sources and Methodology
This transparency report for Patrons Of The Minot Public Library 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.