Tiverton Library Foundation Inc
EIN: 260479052 · Tiverton, RI · NTEE: B117
| Metric | Value |
|---|---|
| Total Revenue | $83K |
| Total Expenses | $21K |
| Net Assets | $394K |
Is Tiverton Library Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tiverton Library Foundation Inc
Tiverton Library Foundation Inc (EIN: 260479052) is a nonprofit organization based in Tiverton, RI, classified under NTEE code B117. The organization reported total revenue of $83K and total assets of $481K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tiverton Library Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tiverton Library Foundation Inc is a micro nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -21.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $21K |
| Surplus / Deficit | +$21K |
| Total Assets | $394K |
| Net Assets | $394K |
| Operating Margin | 50.5% |
| Months of Reserves | 230.0 months |
Financial Health Grade: A
In 2023, Tiverton Library Foundation Inc reported a surplus of $21K with revenue exceeding expenses, holds 230.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Tiverton Library Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -21.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.6% | -64.7% | +12.0% |
| 2022 | +62.1% | +260.1% | -9.5% |
| 2021 | +128.9% | -97.6% | +21.8% |
| 2020 | +30.5% | +6559.5% | -66.3% |
| 2019 | -41.9% | -68.0% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tiverton Library Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tiverton Library Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $21K, with revenue exceeding expenses.
Frequently Asked Questions about Tiverton Library Foundation Inc
Is Tiverton Library Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tiverton Library Foundation Inc (EIN: 260479052) insufficient data. 0 red flags identified, 0 strengths noted.
How does Tiverton Library Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Tiverton Library Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Tiverton Library Foundation Inc tax-deductible?
Tiverton Library Foundation Inc is registered as a tax-exempt nonprofit (EIN: 260479052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tiverton Library Foundation Inc located?
Tiverton Library Foundation Inc is headquartered in Tiverton, Rhode Island and files with the IRS under EIN 260479052. It is classified under NTEE code B117.
How many years of IRS 990 filings does Tiverton Library Foundation Inc have?
Tiverton 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 $83K in total revenue.
Filing History
IRS 990 filing history for Tiverton Library Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tiverton Library Foundation Inc's revenue has declined by 94.5%, moving from $760K to $42K. Total assets decreased by 50.4% over the same period, from $794K to $394K. Total functional expenses fell by 40.5%, from $35K to $21K. In its most recent filing year (2023), Tiverton Library Foundation Inc reported a surplus of $21K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $42K | $21K | $394K | $0 | — | — |
| 2022 | $51K | $58K | $352K | $6K | — | View 990 |
| 2021 | $31K | $16K | $389K | $5K | — | — |
| 2020 | $14K | $667K | $319K | $0 | — | View 990 |
| 2019 | $11K | $10K | $947K | $142 | — | View 990 |
| 2018 | $18K | $31K | $915K | $0 | — | View 990 |
| 2017 | $36K | $45K | $936K | $0 | — | View 990 |
| 2016 | $52K | $25K | $955K | $44 | — | View 990 |
| 2015 | $285K | $82K | $990K | $6K | — | View 990 |
| 2014 | $92K | $168K | $2.2M | $73K | — | View 990 |
| 2013 | $113K | $340K | $2.2M | $7K | — | View 990 |
| 2012 | $2.0M | $314K | $2.5M | $14K | — | View 990 |
| 2011 | $760K | $35K | $794K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $42K, expenses of $21K, and assets of $394K (revenue -18.6% year-over-year).
- 2022: Revenue of $51K, expenses of $58K, and assets of $352K (revenue +62.1% year-over-year).
- 2021: Revenue of $31K, expenses of $16K, and assets of $389K (revenue +128.9% year-over-year).
- 2020: Revenue of $14K, expenses of $667K, and assets of $319K (revenue +30.5% year-over-year).
- 2019: Revenue of $11K, expenses of $10K, and assets of $947K (revenue -41.9% year-over-year).
- 2018: Revenue of $18K, expenses of $31K, and assets of $915K (revenue -50.2% year-over-year).
- 2017: Revenue of $36K, expenses of $45K, and assets of $936K (revenue -30.3% year-over-year).
- 2016: Revenue of $52K, expenses of $25K, and assets of $955K (revenue -81.6% year-over-year).
- 2015: Revenue of $285K, expenses of $82K, and assets of $990K (revenue +209.4% year-over-year).
- 2014: Revenue of $92K, expenses of $168K, and assets of $2.2M (revenue -18.6% year-over-year).
- 2013: Revenue of $113K, expenses of $340K, and assets of $2.2M (revenue -94.3% year-over-year).
- 2012: Revenue of $2.0M, expenses of $314K, and assets of $2.5M (revenue +160.1% year-over-year).
- 2011: Revenue of $760K, expenses of $35K, and assets of $794K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tiverton Library Foundation Inc:
Data Sources and Methodology
This transparency report for Tiverton 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.