Pope Memorial Library
Pope Memorial Library maintains substantial assets despite fluctuating revenues and a 2023 operating deficit.
EIN: 20243058 · North Conway, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $357K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $7.5M |
| Transparency Score | 85/100 |
Is Pope Memorial Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pope Memorial Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pope Memorial Library
Pope Memorial Library (EIN: 20243058) is a nonprofit organization based in North Conway, NH. The organization reported total revenue of $1.8M and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pope Memorial Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pope Memorial Library is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $256K |
| Total Expenses | $357K |
| Surplus / Deficit | $-101,340 |
| Total Assets | $7.5M |
| Total Liabilities | $12K |
| Net Assets | $7.5M |
| Operating Margin | -39.6% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 252.9 months |
Financial Health Grade: B
In 2023, Pope Memorial Library reported a deficit of $101K with expenses exceeding revenue, holds 252.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pope Memorial Library's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -88.6% | -7.0% | +4.5% |
| 2022 | +250.7% | +7.7% | +26.1% |
| 2021 | -75.3% | +119.3% | -2.2% |
| 2020 | +135.3% | -4.9% | +111.4% |
| 2019 | +291.8% | +2.1% | +59.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Pope Memorial Library with a Mission Score of 85 out of 100 (Excellent). 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, Pope Memorial Library 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 deficit of $101K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly efficient for an organization of its size with assets exceeding $7 million.
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 Pope Memorial Library's IRS 990 filings:
- Significant year-over-year revenue volatility, making financial planning potentially challenging.
- Expenses exceeded revenue in 2023, indicating an operating deficit for that period.
Strengths
The following positive indicators were identified for Pope Memorial Library:
- Consistently strong asset base, reaching over $7.5 million in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency in directing funds to mission.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Low liabilities in most years, indicating good financial management.
Frequently Asked Questions about Pope Memorial Library
Is Pope Memorial Library a legitimate charity?
Pope Memorial Library (EIN: 20243058) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Pope Memorial Library spend its money?
Pope Memorial Library directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Pope Memorial Library tax-deductible?
Pope Memorial Library is registered as a tax-exempt nonprofit (EIN: 20243058). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pope Memorial Library CEO make?
Pope Memorial Library's highest-compensated officer earns $7 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Pope Memorial Library's spending goes to programs?
Pope Memorial Library directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Pope Memorial Library located?
Pope Memorial Library is headquartered in North Conway, New Hampshire and files with the IRS under EIN 20243058.
How many years of IRS 990 filings does Pope Memorial Library have?
Pope Memorial Library 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 $1.8M in total revenue.
What caused the significant revenue fluctuations, particularly the high revenues in 2020 and 2022?
The IRS 990 filings show revenue peaks of $2,603,364 in 2020 and $2,252,957 in 2022, which are substantially higher than other years. This could be due to large one-time donations, grants, or capital campaigns, which would be detailed in the full 990 forms.
What was the nature of the $550,196 in liabilities reported in 2020?
The 2020 filing shows a significant increase in liabilities to $550,196, which then decreased in subsequent years. This could represent a short-term loan, a capital expenditure payable, or other obligations that were resolved.
How does the library cover its expenses when revenue is lower than expenses, as seen in 2023?
In 2023, expenses ($357,337) exceeded revenue ($255,997). Given the substantial assets of $7,530,042, the library likely drew from its reserves or investment income to cover the deficit.
Filing History
IRS 990 filing history for Pope Memorial Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pope Memorial Library's revenue has grown by 61.1%, moving from $159K to $256K. Total assets increased by 394.4% over the same period, from $1.5M to $7.5M. Total functional expenses rose by 215.8%, from $113K to $357K. In its most recent filing year (2023), Pope Memorial Library reported a deficit of $101K, with expenses exceeding revenue. The organization holds $12K in liabilities against $7.5M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $256K | $357K | $7.5M | $12K | — | — |
| 2022 | $2.3M | $384K | $7.2M | $44K | — | — |
| 2021 | $642K | $357K | $5.7M | $82K | — | View 990 |
| 2020 | $2.6M | $163K | $5.8M | $550K | — | — |
| 2019 | $1.1M | $171K | $2.8M | $0 | — | View 990 |
| 2018 | $282K | $168K | $1.7M | $0 | — | View 990 |
| 2017 | $112K | $144K | $1.8M | $0 | — | View 990 |
| 2016 | $146K | $131K | $1.7M | $0 | — | View 990 |
| 2015 | $176K | $132K | $1.6M | $0 | — | View 990 |
| 2014 | $158K | $133K | $1.7M | $0 | — | View 990 |
| 2013 | $100K | $123K | $1.7M | $0 | — | View 990 |
| 2012 | $166K | $117K | $1.6M | $0 | — | View 990 |
| 2011 | $159K | $113K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $256K, expenses of $357K, and assets of $7.5M (revenue -88.6% year-over-year).
- 2022: Revenue of $2.3M, expenses of $384K, and assets of $7.2M (revenue +250.7% year-over-year).
- 2021: Revenue of $642K, expenses of $357K, and assets of $5.7M (revenue -75.3% year-over-year).
- 2020: Revenue of $2.6M, expenses of $163K, and assets of $5.8M (revenue +135.3% year-over-year).
- 2019: Revenue of $1.1M, expenses of $171K, and assets of $2.8M (revenue +291.8% year-over-year).
- 2018: Revenue of $282K, expenses of $168K, and assets of $1.7M (revenue +152.6% year-over-year).
- 2017: Revenue of $112K, expenses of $144K, and assets of $1.8M (revenue -23.3% year-over-year).
- 2016: Revenue of $146K, expenses of $131K, and assets of $1.7M (revenue -17.2% year-over-year).
- 2015: Revenue of $176K, expenses of $132K, and assets of $1.6M (revenue +11.1% year-over-year).
- 2014: Revenue of $158K, expenses of $133K, and assets of $1.7M (revenue +57.6% year-over-year).
- 2013: Revenue of $100K, expenses of $123K, and assets of $1.7M (revenue -39.6% year-over-year).
- 2012: Revenue of $166K, expenses of $117K, and assets of $1.6M (revenue +4.6% year-over-year).
- 2011: Revenue of $159K, expenses of $113K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pope Memorial Library:
Data Sources and Methodology
This transparency report for Pope Memorial 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.