The Friends Of The J V Fletcher Library Inc
Consistent Library Support with Healthy Reserves
EIN: 222675998 · Westford, MA · Updated: 2026-04-04
Is The Friends Of The J V Fletcher Library Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Friends Of The J V Fletcher Library Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Friends Of The J V Fletcher Library Inc
The Friends Of The J V Fletcher Library Inc (EIN: 222675998) is a nonprofit organization based in Westford, MA. The organization reported total revenue of $446K and total assets of $965K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Friends Of The J V Fletcher Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Friends Of The J V Fletcher Library Inc is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $165K |
| Total Expenses | $78K |
| Surplus / Deficit | +$86K |
| Total Assets | $599K |
| Total Liabilities | $2K |
| Net Assets | $597K |
| Operating Margin | 52.4% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 91.7 months |
Financial Health Grade: A
In 2023, The Friends Of The J V Fletcher Library Inc reported a surplus of $86K with revenue exceeding expenses, holds 91.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Friends Of The J V Fletcher Library Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +80.8% | +20.8% | +20.4% |
| 2022 | +0.3% | -8.2% | +2.9% |
| 2021 | +38.8% | +3.4% | +7.4% |
| 2020 | -73.9% | -17.2% | +0.9% |
| 2019 | +176.3% | +10.2% | +66.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 J V Fletcher Library Inc with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, The Friends Of The J V Fletcher Library Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $86K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is not reported, indicating no individual received over $100,000, which is typical for a smaller, local nonprofit.
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 The Friends Of The J V Fletcher Library Inc:
- Strong asset growth from $238,917 in 2016 to $964,919 in 2023, indicating sound financial management.
- Consistent revenue generation over several years, demonstrating stable community support.
- Low liabilities, with $2,117 reported in 2023, suggesting minimal debt burden.
Frequently Asked Questions about The Friends Of The J V Fletcher Library Inc
Is The Friends Of The J V Fletcher Library Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Friends Of The J V Fletcher Library Inc (EIN: 222675998) appears legitimate. Mission Score: 75/100. 0 red flags identified, 3 strengths noted.
How does The Friends Of The J V Fletcher Library Inc spend its money?
The Friends Of The J V Fletcher Library Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Friends Of The J V Fletcher Library Inc tax-deductible?
The Friends Of The J V Fletcher Library Inc is registered as a tax-exempt nonprofit (EIN: 222675998). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does The Friends Of The J V Fletcher Library Inc do?
The Friends Of The J V Fletcher Library Inc is a nonprofit organization in the Unknown sector, located in Westford, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does The Friends Of The J V Fletcher Library Inc have?
The Friends Of The J V Fletcher Library Inc reported total revenue of $446,051. Based on 13 IRS 990 filings on record.
What are The Friends Of The J V Fletcher Library Inc's total assets?
The Friends Of The J V Fletcher Library Inc holds total assets of $964,919 as reported in IRS 990 filings.
Where is The Friends Of The J V Fletcher Library Inc located?
The Friends Of The J V Fletcher Library Inc is based in Westford, Massachusetts.
What is The Friends Of The J V Fletcher Library Inc's EIN?
The Friends Of The J V Fletcher Library Inc's Employer Identification Number (EIN) is 222675998. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Friends Of The J V Fletcher Library Inc?
The Friends Of The J V Fletcher Library Inc is classified under NTEE code Unknown (Unknown).
Is The Friends Of The J V Fletcher Library Inc a registered 501(c)(3)?
The Friends Of The J V Fletcher Library Inc appears in IRS records (EIN: 222675998). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Friends Of The J V Fletcher Library Inc file IRS Form 990?
Yes, The Friends Of The J V Fletcher Library Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Friends Of The J V Fletcher Library Inc's revenue in 2023?
In the 202312 filing period, The Friends Of The J V Fletcher Library Inc reported total revenue of $164,702, total expenses of $78,420, and net assets of $599,001.
Is The Friends Of The J V Fletcher Library Inc's revenue growing or declining?
The Friends Of The J V Fletcher Library Inc's revenue is growing. Revenue went from $91,111 (202212) to $164,702 (202312), a +80.8% change. Based on 13 filings on record.
What is The Friends Of The J V Fletcher Library Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Friends Of The J V Fletcher Library Inc covers tax period 202312. It shows revenue of $164,702, expenses of $78,420, total assets of $599,001, and liabilities of $2,117.
How much does The Friends Of The J V Fletcher Library Inc spend on programs vs administration?
Based on IRS 990 analysis, The Friends Of The J V Fletcher Library Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is The Friends Of The J V Fletcher Library Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Friends Of The J V Fletcher Library Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are The Friends Of The J V Fletcher Library Inc's strengths?
Positive indicators for The Friends Of The J V Fletcher Library Inc include: Strong asset growth from $238,917 in 2016 to $964,919 in 2023, indicating sound financial management.. Consistent revenue generation over several years, demonstrating stable community support.. Low liabilities, with $2,117 reported in 2023, suggesting minimal debt burden.. These findings are derived from AI analysis of the organization's financial filings.
How does The Friends Of The J V Fletcher Library Inc compensate executives?
Executive compensation is not reported, indicating no individual received over $100,000, which is typical for a smaller, local nonprofit. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization plan to utilize its growing asset base to further its mission?
With assets nearly quadrupling since 2016, understanding the strategic allocation of these funds for future library support or expansion would provide valuable insight into long-term impact.
Filing History
IRS 990 filing history for The Friends Of The J V Fletcher Library Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Friends Of The J V Fletcher Library Inc's revenue has grown by 46.4%, moving from $112K to $165K. Total assets increased by 188.7% over the same period, from $207K to $599K. Total functional expenses fell by 19.6%, from $98K to $78K. In its most recent filing year (2023), The Friends Of The J V Fletcher Library Inc reported a surplus of $86K, with revenue exceeding expenses. The organization holds $2K in liabilities against $599K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $597K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $165K | $78K | $599K | $2K | — | View 990 |
| 2022 | $91K | $65K | $497K | $0 | — | View 990 |
| 2021 | $91K | $71K | $483K | $76 | — | View 990 |
| 2020 | $65K | $68K | $450K | $0 | — | — |
| 2019 | $251K | $83K | $446K | $0 | — | View 990 |
| 2018 | $91K | $75K | $268K | $0 | — | View 990 |
| 2017 | $93K | $78K | $254K | $0 | — | View 990 |
| 2016 | $93K | $79K | $239K | $0 | — | View 990 |
| 2015 | $95K | $83K | $225K | $0 | — | View 990 |
| 2014 | $107K | $108K | $213K | $0 | — | View 990 |
| 2013 | $120K | $132K | $214K | $0 | — | View 990 |
| 2012 | $129K | $111K | $226K | $0 | — | View 990 |
| 2011 | $112K | $98K | $207K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $165K, expenses of $78K, and assets of $599K (revenue +80.8% year-over-year).
- 2022: Revenue of $91K, expenses of $65K, and assets of $497K (revenue +0.3% year-over-year).
- 2021: Revenue of $91K, expenses of $71K, and assets of $483K (revenue +38.8% year-over-year).
- 2020: Revenue of $65K, expenses of $68K, and assets of $450K (revenue -73.9% year-over-year).
- 2019: Revenue of $251K, expenses of $83K, and assets of $446K (revenue +176.3% year-over-year).
- 2018: Revenue of $91K, expenses of $75K, and assets of $268K (revenue -2.8% year-over-year).
- 2017: Revenue of $93K, expenses of $78K, and assets of $254K (revenue +0.8% year-over-year).
- 2016: Revenue of $93K, expenses of $79K, and assets of $239K (revenue -2.3% year-over-year).
- 2015: Revenue of $95K, expenses of $83K, and assets of $225K (revenue -11.6% year-over-year).
- 2014: Revenue of $107K, expenses of $108K, and assets of $213K (revenue -11.0% year-over-year).
- 2013: Revenue of $120K, expenses of $132K, and assets of $214K (revenue -7.0% year-over-year).
- 2012: Revenue of $129K, expenses of $111K, and assets of $226K (revenue +15.1% year-over-year).
- 2011: Revenue of $112K, expenses of $98K, and assets of $207K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Friends Of The J V Fletcher Library Inc:
Data Sources and Methodology
This transparency report for The Friends Of The J V Fletcher Library 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.