The Friends Of The Holderness Free Library
The Friends Of The Holderness Free Library maintains stable finances with volunteer leadership and fluctuating but generally positive net assets.
EIN: 110043071 · Holderness, NH · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $62K |
| Total Expenses | $26K |
| Program Spending | 85% |
| Net Assets | $354K |
| Transparency Score | 88/100 |
Is The Friends Of The Holderness Free Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Friends Of The Holderness Free Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Friends Of The Holderness Free Library
The Friends Of The Holderness Free Library (EIN: 110043071) is a nonprofit organization based in Holderness, NH, classified under NTEE code B90. The organization reported total revenue of $62K and total assets of $355K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Friends Of The Holderness Free Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Friends Of The Holderness Free Library is a micro nonprofit that has been operating for 36 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -19.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29K |
| Total Expenses | $26K |
| Surplus / Deficit | +$4K |
| Total Assets | $354K |
| Total Liabilities | $616 |
| Net Assets | $354K |
| Operating Margin | 13.2% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 166.7 months |
Financial Health Grade: A
In 2023, The Friends Of The Holderness Free Library reported a surplus of $4K with revenue exceeding expenses, holds 166.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), The Friends Of The Holderness Free Library's revenue has declined at a compound annual growth rate (CAGR) of -19.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.1% | -6.2% | +11.8% |
| 2022 | -59.6% | +80.7% | -30.6% |
| 2021 | +137.9% | -31.7% | +31.6% |
| 2020 | -28.0% | +74.1% | +8.9% |
| 2019 | -78.6% | -42.4% | +7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 The Friends Of The Holderness Free Library with a Mission Score of 88 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, The Friends Of The Holderness Free 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 surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based and no funds are allocated to executive salaries, which is highly efficient for a nonprofit of this size.
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 The Friends Of The Holderness Free Library's IRS 990 filings:
- Significant asset decrease between 2021 and 2022 without clear explanation in summary data.
Strengths
The following positive indicators were identified for The Friends Of The Holderness Free Library:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Generally stable financial position with assets exceeding liabilities in most periods.
- Positive net income in most recent filing (2023: Revenue $29,371, Expenses $25,508).
Frequently Asked Questions about The Friends Of The Holderness Free Library
Is The Friends Of The Holderness Free Library a legitimate charity?
Based on AI analysis of IRS 990 filings, The Friends Of The Holderness Free Library (EIN: 110043071) some concerns. Mission Score: 88/100. 1 red flag identified, 3 strengths noted.
How does The Friends Of The Holderness Free Library spend its money?
The Friends Of The Holderness Free Library directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Friends Of The Holderness Free Library tax-deductible?
The Friends Of The Holderness Free Library is registered as a tax-exempt nonprofit (EIN: 110043071). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Friends Of The Holderness Free Library's spending goes to programs?
The Friends Of The Holderness Free Library directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Friends Of The Holderness Free Library compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), The Friends Of The Holderness Free Library is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Friends Of The Holderness Free Library located?
The Friends Of The Holderness Free Library is headquartered in Holderness, New Hampshire and files with the IRS under EIN 110043071. It is classified under NTEE code B90.
How many years of IRS 990 filings does The Friends Of The Holderness Free Library have?
The Friends Of The Holderness Free Library 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 $62K in total revenue.
What caused the significant decrease in assets between 2021 ($456,916) and 2022 ($317,127)?
The provided data does not specify the reason for this asset reduction; further investigation into the detailed financial statements for those years would be necessary.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization relies entirely on volunteer leadership for its executive functions, which is common for smaller, community-focused nonprofits.
What are the primary sources of revenue for the organization, given the fluctuations?
While the filings show varying revenue figures (e.g., $29,371 in 2023 vs. $156,018 in 2018), the specific breakdown of revenue sources (e.g., donations, grants, events) is not detailed in the provided summary data.
Filing History
IRS 990 filing history for The Friends Of The Holderness Free Library showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), The Friends Of The Holderness Free Library's revenue has declined by 82.1%, moving from $164K to $29K. Total assets increased by 143.9% over the same period, from $145K to $354K. Total functional expenses fell by 56.6%, from $59K to $26K. In its most recent filing year (2023), The Friends Of The Holderness Free Library reported a surplus of $4K, with revenue exceeding expenses. The organization holds $616 in liabilities against $354K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $354K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29K | $26K | $354K | $616 | — | — |
| 2022 | $23K | $27K | $317K | $0 | — | — |
| 2021 | $57K | $15K | $457K | $0 | — | — |
| 2020 | $24K | $22K | $347K | $1 | — | View 990 |
| 2019 | $33K | $13K | $319K | $0 | — | View 990 |
| 2018 | $156K | $22K | $298K | $0 | — | View 990 |
| 2017 | $180K | $286K | $164K | $0 | — | View 990 |
| 2016 | $604K | $478K | $271K | $0 | — | View 990 |
| 2015 | $164K | $59K | $145K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29K, expenses of $26K, and assets of $354K (revenue +27.1% year-over-year).
- 2022: Revenue of $23K, expenses of $27K, and assets of $317K (revenue -59.6% year-over-year).
- 2021: Revenue of $57K, expenses of $15K, and assets of $457K (revenue +137.9% year-over-year).
- 2020: Revenue of $24K, expenses of $22K, and assets of $347K (revenue -28.0% year-over-year).
- 2019: Revenue of $33K, expenses of $13K, and assets of $319K (revenue -78.6% year-over-year).
- 2018: Revenue of $156K, expenses of $22K, and assets of $298K (revenue -13.2% year-over-year).
- 2017: Revenue of $180K, expenses of $286K, and assets of $164K (revenue -70.2% year-over-year).
- 2016: Revenue of $604K, expenses of $478K, and assets of $271K (revenue +268.3% year-over-year).
- 2015: Revenue of $164K, expenses of $59K, and assets of $145K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Friends Of The Holderness Free Library:
Data Sources and Methodology
This transparency report for The Friends Of The Holderness Free 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.