Pontiac Free Library Association
EIN: 50265609 · Warwick, RI
| Metric | Value |
|---|---|
| Total Revenue | $109K |
| Total Expenses | $130K |
| Net Assets | $886K |
Is Pontiac Free Library Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pontiac Free Library Association
Pontiac Free Library Association (EIN: 50265609) is a nonprofit organization based in Warwick, RI. The organization reported total revenue of $109K and total assets of $866K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pontiac Free Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pontiac Free Library Association is a small nonprofit that has been operating for 81 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $122K |
| Total Expenses | $130K |
| Surplus / Deficit | $-7,301 |
| Total Assets | $886K |
| Net Assets | $886K |
| Operating Margin | -6.0% |
| Months of Reserves | 82.1 months |
Financial Health Grade: B
In 2023, Pontiac Free Library Association reported a deficit of $7K with expenses exceeding revenue, holds 82.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Pontiac Free Library Association's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.3% | +3.2% | -0.8% |
| 2022 | -10.1% | +5.0% | +2.8% |
| 2021 | +13.9% | +4.1% | +5.7% |
| 2020 | +52.9% | -5.8% | +4.0% |
| 2019 | -52.0% | +2.5% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1500 |
| IRS Ruling Date | 1945 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pontiac Free Library Association 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 Pontiac Free Library Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Frequently Asked Questions about Pontiac Free Library Association
Is Pontiac Free Library Association a legitimate charity?
Pontiac Free Library Association (EIN: 50265609) is a registered tax-exempt nonprofit based in Rhode Island. It has 13 years of IRS 990 filings on record. Total revenue: $109K. No red flags identified. Financial health grade: B.
How does Pontiac Free Library Association spend its money?
Pontiac Free Library Association reported $109K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pontiac Free Library Association tax-deductible?
Pontiac Free Library Association is registered as a tax-exempt nonprofit (EIN: 50265609). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pontiac Free Library Association located?
Pontiac Free Library Association is headquartered in Warwick, Rhode Island and files with the IRS under EIN 50265609.
How many years of IRS 990 filings does Pontiac Free Library Association have?
Pontiac Free Library Association 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 $109K in total revenue.
Filing History
IRS 990 filing history for Pontiac Free Library Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pontiac Free Library Association's revenue has grown by 40.1%, moving from $87K to $122K. Total assets increased by 61.3% over the same period, from $549K to $886K. Total functional expenses rose by 61.5%, from $80K to $130K. In its most recent filing year (2023), Pontiac Free Library Association reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $122K | $130K | $886K | $0 | — | — |
| 2022 | $150K | $126K | $893K | $0 | — | View 990 |
| 2021 | $167K | $120K | $869K | $0 | — | View 990 |
| 2020 | $146K | $115K | $822K | $0 | — | — |
| 2019 | $96K | $122K | $791K | $0 | — | View 990 |
| 2018 | $199K | $119K | $817K | $0 | — | View 990 |
| 2017 | $188K | $98K | $737K | $0 | — | View 990 |
| 2016 | $138K | $93K | $647K | $0 | — | View 990 |
| 2015 | $109K | $92K | $602K | $0 | — | View 990 |
| 2014 | $98K | $88K | $585K | $0 | — | View 990 |
| 2013 | $88K | $88K | $576K | $0 | — | View 990 |
| 2012 | $110K | $83K | $646K | $70K | — | View 990 |
| 2011 | $87K | $80K | $549K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $122K, expenses of $130K, and assets of $886K (revenue -18.3% year-over-year).
- 2022: Revenue of $150K, expenses of $126K, and assets of $893K (revenue -10.1% year-over-year).
- 2021: Revenue of $167K, expenses of $120K, and assets of $869K (revenue +13.9% year-over-year).
- 2020: Revenue of $146K, expenses of $115K, and assets of $822K (revenue +52.9% year-over-year).
- 2019: Revenue of $96K, expenses of $122K, and assets of $791K (revenue -52.0% year-over-year).
- 2018: Revenue of $199K, expenses of $119K, and assets of $817K (revenue +5.8% year-over-year).
- 2017: Revenue of $188K, expenses of $98K, and assets of $737K (revenue +36.7% year-over-year).
- 2016: Revenue of $138K, expenses of $93K, and assets of $647K (revenue +26.3% year-over-year).
- 2015: Revenue of $109K, expenses of $92K, and assets of $602K (revenue +11.5% year-over-year).
- 2014: Revenue of $98K, expenses of $88K, and assets of $585K (revenue +11.1% year-over-year).
- 2013: Revenue of $88K, expenses of $88K, and assets of $576K (revenue -19.9% year-over-year).
- 2012: Revenue of $110K, expenses of $83K, and assets of $646K (revenue +25.9% year-over-year).
- 2011: Revenue of $87K, expenses of $80K, and assets of $549K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pontiac Free Library Association:
Data Sources and Methodology
This transparency report for Pontiac Free Library Association 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.