Public Library Foundation Of Beaufort County
Public Library Foundation of Beaufort County consistently maintains low expenses and zero officer compensation, growing assets to nearly $1 million.
EIN: 141925218 · Beaufort, SC · NTEE: B117 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $197K |
| Total Expenses | $14K |
| Program Spending | 90% |
| Net Assets | $801K |
| Transparency Score | 95/100 |
Is Public Library Foundation Of Beaufort County Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Public Library Foundation Of Beaufort County directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Public Library Foundation Of Beaufort County
Public Library Foundation Of Beaufort County (EIN: 141925218) is a nonprofit organization based in Beaufort, SC, classified under NTEE code B117. The organization reported total revenue of $197K and total assets of $918K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Public Library Foundation Of Beaufort County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Public Library Foundation Of Beaufort County is a small nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $121K |
| Total Expenses | $14K |
| Surplus / Deficit | +$107K |
| Total Assets | $801K |
| Net Assets | $801K |
| Operating Margin | 88.7% |
| Months of Reserves | 704.4 months |
Financial Health Grade: A
In 2023, Public Library Foundation Of Beaufort County reported a surplus of $107K with revenue exceeding expenses, holds 704.4 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2011–2023), Public Library Foundation Of Beaufort County's revenue has grown at a compound annual growth rate (CAGR) of 14.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +140.1% | -35.3% | +15.5% |
| 2022 | -60.4% | +185.2% | +4.4% |
| 2021 | -1.6% | -24.4% | +22.0% |
| 2020 | +127.2% | -34.9% | +28.2% |
| 2019 | +60.7% | -50.9% | +22.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Public Library Foundation Of Beaufort County with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Public Library Foundation Of Beaufort County allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $107K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which significantly reduces administrative costs and maximizes funds available for its mission.
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.
Strengths
The following positive indicators were identified for Public Library Foundation Of Beaufort County:
- Consistent asset growth, from $194,050 in 201112 to $917,624 currently.
- Extremely low expense ratio relative to revenue (e.g., 11.27% in 202312).
- Zero reported liabilities across all filing periods, indicating strong financial health.
- No officer compensation reported, suggesting a volunteer-driven leadership and high efficiency.
- Robust filing history with 9 IRS 990s, demonstrating transparency and compliance.
Frequently Asked Questions about Public Library Foundation Of Beaufort County
Is Public Library Foundation Of Beaufort County a legitimate charity?
Based on AI analysis of IRS 990 filings, Public Library Foundation Of Beaufort County (EIN: 141925218) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Public Library Foundation Of Beaufort County spend its money?
Public Library Foundation Of Beaufort County directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Public Library Foundation Of Beaufort County tax-deductible?
Public Library Foundation Of Beaufort County is registered as a tax-exempt nonprofit (EIN: 141925218). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Public Library Foundation Of Beaufort County compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Public Library Foundation Of Beaufort County 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 Public Library Foundation Of Beaufort County located?
Public Library Foundation Of Beaufort County is headquartered in Beaufort, South Carolina and files with the IRS under EIN 141925218. It is classified under NTEE code B117.
How many years of IRS 990 filings does Public Library Foundation Of Beaufort County have?
Public Library Foundation Of Beaufort County has 9 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 $197K in total revenue.
Is the Public Library Foundation Of Beaufort County financially stable?
Yes, the organization is highly financially stable, consistently reporting low expenses relative to revenue and growing its assets from $194,050 in 201112 to $917,624 currently, with zero liabilities across all filings.
How efficiently does the foundation use its funds?
The foundation is exceptionally efficient, with expenses often less than 15% of its revenue (e.g., $13,640 expenses on $121,077 revenue in 202312). The absence of officer compensation further enhances its efficiency.
Does the organization have any debt?
No, the organization consistently reports $0 in liabilities across all available IRS 990 filings, indicating a debt-free status.
Filing History
IRS 990 filing history for Public Library Foundation Of Beaufort County showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Public Library Foundation Of Beaufort County's revenue has grown by 407.2%, moving from $24K to $121K. Total assets increased by 312.6% over the same period, from $194K to $801K. Total functional expenses rose by 1083%, from $1K to $14K. In its most recent filing year (2023), Public Library Foundation Of Beaufort County reported a surplus of $107K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $121K | $14K | $801K | $0 | — | View 990 |
| 2022 | $50K | $21K | $693K | $0 | — | View 990 |
| 2021 | $127K | $7K | $664K | $1 | — | View 990 |
| 2020 | $129K | $10K | $544K | $0 | — | — |
| 2019 | $57K | $15K | $424K | $0 | — | View 990 |
| 2018 | $35K | $31K | $346K | $0 | — | View 990 |
| 2017 | $65K | $25K | $341K | $0 | — | View 990 |
| 2016 | $79K | $30K | $301K | $0 | — | View 990 |
| 2011 | $24K | $1K | $194K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $121K, expenses of $14K, and assets of $801K (revenue +140.1% year-over-year).
- 2022: Revenue of $50K, expenses of $21K, and assets of $693K (revenue -60.4% year-over-year).
- 2021: Revenue of $127K, expenses of $7K, and assets of $664K (revenue -1.6% year-over-year).
- 2020: Revenue of $129K, expenses of $10K, and assets of $544K (revenue +127.2% year-over-year).
- 2019: Revenue of $57K, expenses of $15K, and assets of $424K (revenue +60.7% year-over-year).
- 2018: Revenue of $35K, expenses of $31K, and assets of $346K (revenue -45.6% year-over-year).
- 2017: Revenue of $65K, expenses of $25K, and assets of $341K (revenue -17.3% year-over-year).
- 2016: Revenue of $79K, expenses of $30K, and assets of $301K (revenue +229.8% year-over-year).
- 2011: Revenue of $24K, expenses of $1K, and assets of $194K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Public Library Foundation Of Beaufort County:
Data Sources and Methodology
This transparency report for Public Library Foundation Of Beaufort County 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.