Red Oak Public Library Foundation
EIN: 463867129 · Red Oak, IA · NTEE: B70
| Metric | Value |
|---|---|
| Total Revenue | $79K |
| Total Expenses | $5K |
| Net Assets | $1.1M |
Is Red Oak Public Library Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Red Oak Public Library Foundation
Red Oak Public Library Foundation (EIN: 463867129) is a nonprofit organization based in Red Oak, IA, classified under NTEE code B70. The organization reported total revenue of $79K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Red Oak Public Library Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Red Oak Public Library Foundation is a micro nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2014–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $5K |
| Surplus / Deficit | +$10K |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | 67.1% |
| Months of Reserves | 2537.0 months |
Financial Health Grade: A
In 2024, Red Oak Public Library Foundation reported a surplus of $10K with revenue exceeding expenses, holds 2537.0 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.6% | -57.4% | +12.1% |
| 2023 | -60.5% | -72.3% | +8.2% |
| 2022 | -50.6% | +622.5% | +16.0% |
| 2021 | +17.8% | +39.1% | +10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Red Oak Public Library Foundation 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 Red Oak Public Library Foundation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
Frequently Asked Questions about Red Oak Public Library Foundation
Is Red Oak Public Library Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Red Oak Public Library Foundation (EIN: 463867129) insufficient data. 0 red flags identified, 0 strengths noted.
How does Red Oak Public Library Foundation spend its money?
Detailed spending breakdown data is not yet available for Red Oak Public Library Foundation. Check back for updated IRS 990 analysis.
Are donations to Red Oak Public Library Foundation tax-deductible?
Red Oak Public Library Foundation is registered as a tax-exempt nonprofit (EIN: 463867129). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Red Oak Public Library Foundation located?
Red Oak Public Library Foundation is headquartered in Red Oak, Iowa and files with the IRS under EIN 463867129. It is classified under NTEE code B70.
How many years of IRS 990 filings does Red Oak Public Library Foundation have?
Red Oak Public Library Foundation has 11 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 $79K in total revenue.
Filing History
IRS 990 filing history for Red Oak Public Library Foundation showing financial trends over 11 years of public records:
Total assets increased by 106955800% over the same period, from $1 to $1.1M. In its most recent filing year (2024), Red Oak Public Library Foundation reported a surplus of $10K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $15K | $5K | $1.1M | $0 | — | — |
| 2023 | $15K | $12K | $954K | $0 | — | View 990 |
| 2022 | $38K | $43K | $882K | $0 | — | — |
| 2021 | $77K | $6K | $760K | $0 | — | — |
| 2020 | $65K | $4K | $689K | $0 | — | View 990 |
| 2019 | $-17,736 | $10K | $628K | $0 | — | View 990 |
| 2018 | $5K | $2K | $656K | $0 | — | View 990 |
| 2017 | $26K | $10K | $653K | $0 | — | View 990 |
| 2016 | $16K | $4K | $636K | $0 | — | View 990 |
| 2015 | $625K | $294 | $625K | $0 | — | View 990 |
| 2014 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $15K, expenses of $5K, and assets of $1.1M (revenue +2.6% year-over-year).
- 2023: Revenue of $15K, expenses of $12K, and assets of $954K (revenue -60.5% year-over-year).
- 2022: Revenue of $38K, expenses of $43K, and assets of $882K (revenue -50.6% year-over-year).
- 2021: Revenue of $77K, expenses of $6K, and assets of $760K (revenue +17.8% year-over-year).
- 2020: Revenue of $65K, expenses of $4K, and assets of $689K.
- 2019: Revenue of $-17,736, expenses of $10K, and assets of $628K (revenue -436.0% year-over-year).
- 2018: Revenue of $5K, expenses of $2K, and assets of $656K (revenue -80.0% year-over-year).
- 2017: Revenue of $26K, expenses of $10K, and assets of $653K (revenue +70.5% year-over-year).
- 2016: Revenue of $16K, expenses of $4K, and assets of $636K (revenue -97.5% year-over-year).
- 2015: Revenue of $625K, expenses of $294, and assets of $625K.
- 2014: 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 Red Oak Public Library Foundation:
Data Sources and Methodology
This transparency report for Red Oak 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.