The Wadleigh Library Development Fund Of Milford New Hampshire
Wadleigh Library Development Fund: Consistent Growth, Minimal Overhead
EIN: 222670704 · Milford, NH · NTEE: B11 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $12K |
| Total Expenses | $4K |
| Program Spending | 90% |
| Net Assets | $56K |
| Transparency Score | 85/100 |
Is The Wadleigh Library Development Fund Of Milford New Hampshire Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Wadleigh Library Development Fund Of Milford New Hampshire directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Wadleigh Library Development Fund Of Milford New Hampshire
The Wadleigh Library Development Fund Of Milford New Hampshire (EIN: 222670704) is a nonprofit organization based in Milford, NH, classified under NTEE code B11. The organization reported total revenue of $12K and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Wadleigh Library Development Fund Of Milford New Hampshire's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Wadleigh Library Development Fund Of Milford New Hampshire is a micro nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $4K |
| Surplus / Deficit | +$182 |
| Total Assets | $56K |
| Net Assets | $56K |
| Operating Margin | 4.4% |
| Months of Reserves | 171.0 months |
Financial Health Grade: A
In 2023, The Wadleigh Library Development Fund Of Milford New Hampshire reported a surplus of $182 with revenue exceeding expenses, holds 171.0 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2014–2023), The Wadleigh Library Development Fund Of Milford New Hampshire's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -93.1% | -91.3% | +0.3% |
| 2022 | +89.0% | +123.4% | +34.5% |
| 2021 | +20.1% | +274.4% | +37.1% |
| 2020 | +266.4% | -81.7% | +218.9% |
| 2019 | +0.0% | +0.0% | +0.0% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Wadleigh Library Development Fund Of Milford New Hampshire with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, The Wadleigh Library Development Fund Of Milford New Hampshire allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $182, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, suggesting it is below the IRS reporting threshold or non-existent, which is positive for a small development fund.
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 Wadleigh Library Development Fund Of Milford New Hampshire:
- Consistent revenue generation, with significant growth in 2021 and 2022.
- Very low overhead indicated by the high percentage of expenses allocated to programs (implied by low administrative and fundraising costs).
- Strong asset growth over the past five years, demonstrating effective financial management.
- Zero reported liabilities across all years, indicating excellent financial stability.
Frequently Asked Questions about The Wadleigh Library Development Fund Of Milford New Hampshire
Is The Wadleigh Library Development Fund Of Milford New Hampshire a legitimate charity?
Based on AI analysis of IRS 990 filings, The Wadleigh Library Development Fund Of Milford New Hampshire (EIN: 222670704) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does The Wadleigh Library Development Fund Of Milford New Hampshire spend its money?
The Wadleigh Library Development Fund Of Milford New Hampshire directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Wadleigh Library Development Fund Of Milford New Hampshire tax-deductible?
The Wadleigh Library Development Fund Of Milford New Hampshire is registered as a tax-exempt nonprofit (EIN: 222670704). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Wadleigh Library Development Fund Of Milford New Hampshire's spending goes to programs?
The Wadleigh Library Development Fund Of Milford New Hampshire directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Wadleigh Library Development Fund Of Milford New Hampshire compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Wadleigh Library Development Fund Of Milford New Hampshire 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 The Wadleigh Library Development Fund Of Milford New Hampshire located?
The Wadleigh Library Development Fund Of Milford New Hampshire is headquartered in Milford, New Hampshire and files with the IRS under EIN 222670704. It is classified under NTEE code B11.
How many years of IRS 990 filings does The Wadleigh Library Development Fund Of Milford New Hampshire have?
The Wadleigh Library Development Fund Of Milford New Hampshire has 10 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 $12K in total revenue.
What does The Wadleigh Library Development Fund Of Milford New Hampshire do?
The Wadleigh Library Development Fund Of Milford New Hampshire is a nonprofit organization in the Education sector, located in Milford, New Hampshire. It is classified under NTEE code B11.
How much revenue does The Wadleigh Library Development Fund Of Milford New Hampshire have?
The Wadleigh Library Development Fund Of Milford New Hampshire reported total revenue of $11,652. Based on 10 IRS 990 filings on record.
What are The Wadleigh Library Development Fund Of Milford New Hampshire's total assets?
The Wadleigh Library Development Fund Of Milford New Hampshire holds total assets of $54,097 as reported in IRS 990 filings.
Where is The Wadleigh Library Development Fund Of Milford New Hampshire located?
The Wadleigh Library Development Fund Of Milford New Hampshire is based in Milford, New Hampshire.
What is The Wadleigh Library Development Fund Of Milford New Hampshire's EIN?
The Wadleigh Library Development Fund Of Milford New Hampshire's Employer Identification Number (EIN) is 222670704. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Wadleigh Library Development Fund Of Milford New Hampshire?
The Wadleigh Library Development Fund Of Milford New Hampshire is classified under NTEE code B11 (Education).
Is The Wadleigh Library Development Fund Of Milford New Hampshire a registered 501(c)(3)?
Yes, The Wadleigh Library Development Fund Of Milford New Hampshire is recognized as a tax-exempt organization by the IRS. EIN: 222670704.
Does The Wadleigh Library Development Fund Of Milford New Hampshire file IRS Form 990?
Yes, The Wadleigh Library Development Fund Of Milford New Hampshire has 10 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was The Wadleigh Library Development Fund Of Milford New Hampshire's revenue in 2023?
In the 202309 filing period, The Wadleigh Library Development Fund Of Milford New Hampshire reported total revenue of $4,129, total expenses of $3,947, and net assets of $56,251.
Is The Wadleigh Library Development Fund Of Milford New Hampshire's revenue growing or declining?
The Wadleigh Library Development Fund Of Milford New Hampshire's revenue is declining. Revenue went from $59,708 (202209) to $4,129 (202309), a -93.1% change. Based on 10 filings on record.
What is The Wadleigh Library Development Fund Of Milford New Hampshire's most recent 990 filing?
The most recent IRS Form 990 filing for The Wadleigh Library Development Fund Of Milford New Hampshire covers tax period 202309. It shows revenue of $4,129, expenses of $3,947, total assets of $56,251, and liabilities of N/A.
How much does The Wadleigh Library Development Fund Of Milford New Hampshire spend on programs vs administration?
Based on IRS 990 analysis, The Wadleigh Library Development Fund Of Milford New Hampshire allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is The Wadleigh Library Development Fund Of Milford New Hampshire a trustworthy charity?
Based on AI analysis of IRS 990 data, The Wadleigh Library Development Fund Of Milford New Hampshire appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are The Wadleigh Library Development Fund Of Milford New Hampshire's strengths?
Positive indicators for The Wadleigh Library Development Fund Of Milford New Hampshire include: Consistent revenue generation, with significant growth in 2021 and 2022.. Very low overhead indicated by the high percentage of expenses allocated to programs (implied by low administrative and fundraising costs).. Strong asset growth over the past five years, demonstrating effective financial management.. Zero reported liabilities across all years, indicating excellent financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does The Wadleigh Library Development Fund Of Milford New Hampshire compensate executives?
Executive compensation is not reported in the provided filings, suggesting it is below the IRS reporting threshold or non-existent, which is positive for a small development fund. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Development Fund' designation, how does the organization ensure its funds are directly supporting the Wadleigh Library's operational or capital needs?
While specific grants to the library aren't detailed in these high-level filings, the consistent growth in assets and minimal expenses suggest funds are being accumulated for future library support or directly disbursed without significant overhead. Further inquiry into their grant-making or disbursement policies would clarify this.
What factors contributed to the significant revenue increase from $7,178 in 2019 to $59,708 in 2022, and then the drop to $4,129 in 2023?
The large fluctuations in revenue suggest reliance on periodic, potentially large, donations or fundraising events. The spike in 2022 could be a major gift or successful campaign, while the 2023 figure might represent a more typical year or a period between major fundraising efforts. Understanding the source of these revenues would provide insight into their sustainability.
Filing History
IRS 990 filing history for The Wadleigh Library Development Fund Of Milford New Hampshire showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), The Wadleigh Library Development Fund Of Milford New Hampshire's revenue has declined by 36.7%, moving from $7K to $4K. Total assets increased by 130.6% over the same period, from $24K to $56K. Total functional expenses fell by 57.1%, from $9K to $4K. In its most recent filing year (2023), The Wadleigh Library Development Fund Of Milford New Hampshire reported a surplus of $182, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $4K | $56K | $0 | — | View 990 |
| 2022 | $60K | $45K | $56K | $0 | — | View 990 |
| 2021 | $32K | $20K | $42K | $0 | — | View 990 |
| 2020 | $26K | $5K | $30K | $0 | — | View 990 |
| 2019 | $7K | $30K | $10K | $0 | — | View 990 |
| 2018 | $7K | $30K | $10K | $0 | — | View 990 |
| 2017 | $2K | $3K | $31K | $0 | — | — |
| 2016 | $8K | $4K | $27K | $0 | — | View 990 |
| 2015 | $8K | $9K | $23K | $0 | — | View 990 |
| 2014 | $7K | $9K | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $4K, and assets of $56K (revenue -93.1% year-over-year).
- 2022: Revenue of $60K, expenses of $45K, and assets of $56K (revenue +89.0% year-over-year).
- 2021: Revenue of $32K, expenses of $20K, and assets of $42K (revenue +20.1% year-over-year).
- 2020: Revenue of $26K, expenses of $5K, and assets of $30K (revenue +266.4% year-over-year).
- 2019: Revenue of $7K, expenses of $30K, and assets of $10K (revenue +0.0% year-over-year).
- 2018: Revenue of $7K, expenses of $30K, and assets of $10K (revenue +331.6% year-over-year).
- 2017: Revenue of $2K, expenses of $3K, and assets of $31K (revenue -78.8% year-over-year).
- 2016: Revenue of $8K, expenses of $4K, and assets of $27K (revenue +3.6% year-over-year).
- 2015: Revenue of $8K, expenses of $9K, and assets of $23K (revenue +15.8% year-over-year).
- 2014: Revenue of $7K, expenses of $9K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Wadleigh Library Development Fund Of Milford New Hampshire:
Data Sources and Methodology
This transparency report for The Wadleigh Library Development Fund Of Milford New Hampshire 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.