Texas County Library Foundation Inc
Texas County Library Foundation Inc. shows strong asset growth and low expenses, with zero officer compensation.
EIN: 200423841 · Houston, MO · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $289K |
| Total Expenses | $175K |
| Program Spending | 90% |
| Net Assets | $790K |
| Transparency Score | 92/100 |
Is Texas County 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 →
Texas County Library Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Texas County Library Foundation Inc
Texas County Library Foundation Inc (EIN: 200423841) is a nonprofit organization based in Houston, MO, classified under NTEE code B11. The organization reported total revenue of $289K and total assets of $537K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Texas County Library Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Texas County Library Foundation Inc is a small nonprofit that has been operating for 20 years, with 7 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 93.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $964K |
| Total Expenses | $175K |
| Surplus / Deficit | +$789K |
| Total Assets | $790K |
| Net Assets | $790K |
| Operating Margin | 81.8% |
| Months of Reserves | 54.0 months |
Financial Health Grade: A
In 2023, Texas County Library Foundation Inc reported a surplus of $789K with revenue exceeding expenses, holds 54.0 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2010–2023), Texas County Library Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 93.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +61577.0% | +5940.3% | +7.8% |
| 2019 | -93.7% | -75.5% | -0.2% |
| 2018 | -93.7% | -72.0% | +1.8% |
| 2017 | +152.2% | -8.1% | +94.2% |
| 2016 | -29.4% | +248.7% | +51.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Texas County 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, Texas County 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 $789K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization with growing assets and significant revenue.
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 Texas County Library Foundation Inc:
- Zero officer compensation, indicating volunteer leadership and efficient use of funds.
- Consistent asset growth, from $14,847 in 2010 to $790,288 in 2023, demonstrating strong financial stewardship.
- Zero liabilities reported in most recent and several past filings, indicating a very healthy balance sheet.
- Low expense ratio relative to revenue, particularly in 2023 ($175,472 expenses vs. $964,011 revenue), suggesting efficient operations.
- Strong revenue generation in recent periods, such as $964,011 in 2023.
Frequently Asked Questions about Texas County Library Foundation Inc
Is Texas County Library Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Texas County Library Foundation Inc (EIN: 200423841) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Texas County Library Foundation Inc spend its money?
Texas County Library Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Texas County Library Foundation Inc tax-deductible?
Texas County Library Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200423841). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Texas County Library Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Texas County Library Foundation Inc is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Texas County Library Foundation Inc located?
Texas County Library Foundation Inc is headquartered in Houston, Missouri and files with the IRS under EIN 200423841. It is classified under NTEE code B11.
How many years of IRS 990 filings does Texas County Library Foundation Inc have?
Texas County Library Foundation Inc has 7 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 $289K in total revenue.
Is Texas County Library Foundation Inc. a good charity?
Based on its financial data, the Texas County Library Foundation Inc. appears to be a very good charity. It consistently reports zero officer compensation, maintains zero liabilities, and has shown significant asset growth, indicating strong financial health and a commitment to its mission without high overhead.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, with assets growing from $14,847 in 2010 to $790,288 in 2023. Revenue has also seen substantial fluctuations but with a strong performance in 2023 ($964,011) and 2017 ($394,728), demonstrating effective fundraising and asset accumulation.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is to pay none, as evidenced by 0% officer compensation reported in all available IRS 990 filings. This suggests a volunteer-driven leadership model.
Filing History
IRS 990 filing history for Texas County Library Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2010–2023), Texas County Library Foundation Inc's revenue has grown by 515413.9%, moving from $187 to $964K. Total assets increased by 5222.9% over the same period, from $15K to $790K. In its most recent filing year (2023), Texas County Library Foundation Inc reported a surplus of $789K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $964K | $175K | $790K | $0 | — | — |
| 2019 | $2K | $3K | $733K | $0 | — | View 990 |
| 2018 | $25K | $12K | $735K | $0 | — | View 990 |
| 2017 | $395K | $42K | $722K | $0 | — | View 990 |
| 2016 | $157K | $46K | $372K | $2K | — | View 990 |
| 2013 | $222K | $13K | $245K | $0 | — | View 990 |
| 2010 | $187 | $0 | $15K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $964K, expenses of $175K, and assets of $790K (revenue +61577.0% year-over-year).
- 2019: Revenue of $2K, expenses of $3K, and assets of $733K (revenue -93.7% year-over-year).
- 2018: Revenue of $25K, expenses of $12K, and assets of $735K (revenue -93.7% year-over-year).
- 2017: Revenue of $395K, expenses of $42K, and assets of $722K (revenue +152.2% year-over-year).
- 2016: Revenue of $157K, expenses of $46K, and assets of $372K (revenue -29.4% year-over-year).
- 2013: Revenue of $222K, expenses of $13K, and assets of $245K (revenue +118411.8% year-over-year).
- 2010: Revenue of $187, expenses of $0, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Texas County Library Foundation Inc:
Data Sources and Methodology
This transparency report for Texas County 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.