Springfield Library Foundation Inc
Springfield Library Foundation Inc shows consistent asset growth and zero reported officer compensation over a decade.
EIN: 201207636 · E Longmeadow, MA · NTEE: B70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $612K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $13 |
| Net Assets | $13.4M |
| Transparency Score | 92/100 |
Is Springfield Library Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Springfield Library Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Springfield Library Foundation Inc
Springfield Library Foundation Inc (EIN: 201207636) is a nonprofit organization based in E Longmeadow, MA, classified under NTEE code B70. The organization reported total revenue of $1.6M and total assets of $14.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Springfield Library Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Springfield Library Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $856K |
| Total Expenses | $612K |
| Surplus / Deficit | +$244K |
| Total Assets | $13.4M |
| Total Liabilities | $7K |
| Net Assets | $13.4M |
| Operating Margin | 28.5% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 262.3 months |
Financial Health Grade: A
In 2023, Springfield Library Foundation Inc reported a surplus of $244K with revenue exceeding expenses, holds 262.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Springfield Library Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.2% | -4.4% | +7.1% |
| 2022 | +148.3% | -0.5% | -6.3% |
| 2021 | -18.3% | -30.4% | +23.3% |
| 2020 | -40.3% | -12.5% | -2.3% |
| 2019 | -9.8% | +8.9% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Springfield Library Foundation Inc with a Mission Score of 92 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, Springfield Library Foundation Inc 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 $244K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of its size with assets exceeding $13 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.
Strengths
The following positive indicators were identified for Springfield Library Foundation Inc:
- Consistent asset growth, from $6.3M in 2014 to $13.3M in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency.
- Low liabilities relative to assets, demonstrating strong financial management (e.g., $6,955 in liabilities vs. $13,375,138 in assets in 2023).
- Expenses consistently managed below revenue in most recent years (e.g., $856,273 revenue vs. $612,011 expenses in 2023).
- Strong program focus implied by 0% officer compensation and NTEE code B70 (Libraries).
Frequently Asked Questions about Springfield Library Foundation Inc
Is Springfield Library Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Springfield Library Foundation Inc (EIN: 201207636) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Springfield Library Foundation Inc spend its money?
Springfield Library Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Springfield Library Foundation Inc tax-deductible?
Springfield Library Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201207636). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Springfield Library Foundation Inc CEO make?
Springfield Library Foundation Inc's highest-compensated officer earns $13 annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Springfield Library Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Springfield Library Foundation Inc is above average for NTEE category B70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Springfield Library Foundation Inc located?
Springfield Library Foundation Inc is headquartered in E Longmeadow, Massachusetts and files with the IRS under EIN 201207636. It is classified under NTEE code B70.
How many years of IRS 990 filings does Springfield Library Foundation Inc have?
Springfield Library Foundation Inc 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 $1.6M in total revenue.
Is Springfield Library Foundation Inc a good charity?
Based on the available IRS 990 data, the Springfield Library Foundation Inc appears to be a very good charity. It demonstrates strong financial health with consistent asset growth, low liabilities, and a remarkable record of 0% officer compensation, suggesting a high dedication of resources to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have more than doubled from $6,369,173 in 2014 to $13,375,138 in 2023, and liabilities have remained consistently low, indicating strong financial stewardship and growth.
What is the organization's approach to executive compensation?
The Springfield Library Foundation Inc has reported 0% officer compensation in all available IRS 990 filings, indicating a highly efficient and potentially volunteer-driven executive structure, which maximizes funds available for its programs.
Filing History
IRS 990 filing history for Springfield Library Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Springfield Library Foundation Inc's revenue has grown by 142.8%, moving from $353K to $856K. Total assets increased by 106.1% over the same period, from $6.5M to $13.4M. Total functional expenses fell by 34.4%, from $933K to $612K. In its most recent filing year (2023), Springfield Library Foundation Inc reported a surplus of $244K, with revenue exceeding expenses. The organization holds $7K in liabilities against $13.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $13.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $856K | $612K | $13.4M | $7K | — | View 990 |
| 2022 | $1.2M | $640K | $12.5M | $11K | — | View 990 |
| 2021 | $502K | $643K | $13.3M | $6K | — | View 990 |
| 2020 | $614K | $925K | $10.8M | $37K | — | View 990 |
| 2019 | $1.0M | $1.1M | $11.1M | $103K | — | View 990 |
| 2018 | $1.1M | $971K | $11.1M | $46K | — | View 990 |
| 2017 | $464K | $406K | $8.1M | $81K | — | — |
| 2016 | $1.8M | $339K | $7.6M | $116K | — | View 990 |
| 2015 | $369K | $411K | $6.4M | $77K | — | View 990 |
| 2014 | $282K | $402K | $6.4M | $62K | — | View 990 |
| 2013 | $333K | $377K | $6.3M | $53K | — | View 990 |
| 2012 | $452K | $629K | $6.0M | $58K | — | View 990 |
| 2011 | $353K | $933K | $6.5M | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $856K, expenses of $612K, and assets of $13.4M (revenue -31.2% year-over-year).
- 2022: Revenue of $1.2M, expenses of $640K, and assets of $12.5M (revenue +148.3% year-over-year).
- 2021: Revenue of $502K, expenses of $643K, and assets of $13.3M (revenue -18.3% year-over-year).
- 2020: Revenue of $614K, expenses of $925K, and assets of $10.8M (revenue -40.3% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.1M, and assets of $11.1M (revenue -9.8% year-over-year).
- 2018: Revenue of $1.1M, expenses of $971K, and assets of $11.1M (revenue +145.5% year-over-year).
- 2017: Revenue of $464K, expenses of $406K, and assets of $8.1M (revenue -74.2% year-over-year).
- 2016: Revenue of $1.8M, expenses of $339K, and assets of $7.6M (revenue +386.9% year-over-year).
- 2015: Revenue of $369K, expenses of $411K, and assets of $6.4M (revenue +30.7% year-over-year).
- 2014: Revenue of $282K, expenses of $402K, and assets of $6.4M (revenue -15.3% year-over-year).
- 2013: Revenue of $333K, expenses of $377K, and assets of $6.3M (revenue -26.4% year-over-year).
- 2012: Revenue of $452K, expenses of $629K, and assets of $6.0M (revenue +28.2% year-over-year).
- 2011: Revenue of $353K, expenses of $933K, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Springfield Library Foundation Inc:
Data Sources and Methodology
This transparency report for Springfield Library Foundation Inc 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.