Trustees Of The Free Public Library Of The Borough Of Pennington
Trustees of the Free Public Library of the Borough of Pennington
EIN: 223106791 · Pennington, NJ · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $259K |
| Total Expenses | $208K |
| Program Spending | 60% |
| Net Assets | $132K |
| Transparency Score | 85/100 |
Is Trustees Of The Free Public Library Of The Borough Of Pennington Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trustees Of The Free Public Library Of The Borough Of Pennington directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Trustees Of The Free Public Library Of The Borough Of Pennington
Trustees Of The Free Public Library Of The Borough Of Pennington (EIN: 223106791) is a nonprofit organization based in Pennington, NJ. The organization reported total revenue of $259K and total assets of $211K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trustees Of The Free Public Library Of The Borough Of Pennington's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trustees Of The Free Public Library Of The Borough Of Pennington is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $232K |
| Total Expenses | $208K |
| Surplus / Deficit | +$25K |
| Total Assets | $212K |
| Total Liabilities | $80K |
| Net Assets | $132K |
| Operating Margin | 10.7% |
| Debt-to-Asset Ratio | 37.7% |
| Months of Reserves | 12.3 months |
Financial Health Grade: A
In 2023, Trustees Of The Free Public Library Of The Borough Of Pennington reported a surplus of $25K with revenue exceeding expenses, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 37.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Trustees Of The Free Public Library Of The Borough Of Pennington's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.9% | +6.5% | +42.8% |
| 2022 | +10.9% | +7.1% | +46.0% |
| 2021 | -2.0% | +4.0% | +3.9% |
| 2020 | -17.4% | -11.1% | +9.9% |
| 2019 | +23.6% | +3.6% | +43.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1989 |
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 Trustees Of The Free Public Library Of The Borough Of Pennington 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: 20%
- programs: 60%
- fundraising: 20%
According to IRS 990 filings, Trustees Of The Free Public Library Of The Borough Of Pennington allocates its expenses as follows: admin: 20%, programs: 60%, fundraising: 20%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.7%.
Executive Compensation Analysis
Executive compensation remains at zero, indicating a commitment to fiscal responsibility.
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 Trustees Of The Free Public Library Of The Borough Of Pennington's IRS 990 filings:
- The library has maintained a consistent program funding percentage over the years, indicating stability.
- Administrative costs have remained relatively low, suggesting efficient management practices.
- There is a significant increase in fundraising efforts, which could indicate a strategic shift towards more external funding.
Strengths
The following positive indicators were identified for Trustees Of The Free Public Library Of The Borough Of Pennington:
- The library has maintained a strong focus on its core mission, with consistent program funding.
Frequently Asked Questions about Trustees Of The Free Public Library Of The Borough Of Pennington
Is Trustees Of The Free Public Library Of The Borough Of Pennington a legitimate charity?
Trustees Of The Free Public Library Of The Borough Of Pennington (EIN: 223106791) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $259K. 3 red flags identified. 1 strength noted. Financial health grade: A.
How does Trustees Of The Free Public Library Of The Borough Of Pennington spend its money?
Trustees Of The Free Public Library Of The Borough Of Pennington directs 60% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Trustees Of The Free Public Library Of The Borough Of Pennington tax-deductible?
Trustees Of The Free Public Library Of The Borough Of Pennington is registered as a tax-exempt nonprofit (EIN: 223106791). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Trustees Of The Free Public Library Of The Borough Of Pennington's spending goes to programs?
Trustees Of The Free Public Library Of The Borough Of Pennington directs 60% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Trustees Of The Free Public Library Of The Borough Of Pennington located?
Trustees Of The Free Public Library Of The Borough Of Pennington is headquartered in Pennington, New Jersey and files with the IRS under EIN 223106791.
How many years of IRS 990 filings does Trustees Of The Free Public Library Of The Borough Of Pennington have?
Trustees Of The Free Public Library Of The Borough Of Pennington 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 $259K in total revenue.
What does Trustees Of The Free Public Library Of The Borough Of Pennington do?
Trustees Of The Free Public Library Of The Borough Of Pennington is a nonprofit organization in the Unknown sector, located in Pennington, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Trustees Of The Free Public Library Of The Borough Of Pennington have?
Trustees Of The Free Public Library Of The Borough Of Pennington reported total revenue of $259,138. Based on 13 IRS 990 filings on record.
What are Trustees Of The Free Public Library Of The Borough Of Pennington's total assets?
Trustees Of The Free Public Library Of The Borough Of Pennington holds total assets of $211,363 as reported in IRS 990 filings.
Where is Trustees Of The Free Public Library Of The Borough Of Pennington located?
Trustees Of The Free Public Library Of The Borough Of Pennington is based in Pennington, New Jersey.
What is Trustees Of The Free Public Library Of The Borough Of Pennington's EIN?
Trustees Of The Free Public Library Of The Borough Of Pennington's Employer Identification Number (EIN) is 223106791. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Trustees Of The Free Public Library Of The Borough Of Pennington?
Trustees Of The Free Public Library Of The Borough Of Pennington is classified under NTEE code Unknown (Unknown).
Is Trustees Of The Free Public Library Of The Borough Of Pennington a registered 501(c)(3)?
Trustees Of The Free Public Library Of The Borough Of Pennington appears in IRS records (EIN: 223106791). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Trustees Of The Free Public Library Of The Borough Of Pennington file IRS Form 990?
Yes, Trustees Of The Free Public Library Of The Borough Of Pennington has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Trustees Of The Free Public Library Of The Borough Of Pennington's revenue in 2023?
In the 202312 filing period, Trustees Of The Free Public Library Of The Borough Of Pennington reported total revenue of $232,315, total expenses of $207,567, and net assets of $211,934.
Is Trustees Of The Free Public Library Of The Borough Of Pennington's revenue growing or declining?
Trustees Of The Free Public Library Of The Borough Of Pennington's revenue is growing. Revenue went from $204,005 (202212) to $232,315 (202312), a +13.9% change. Based on 13 filings on record.
What is Trustees Of The Free Public Library Of The Borough Of Pennington's most recent 990 filing?
The most recent IRS Form 990 filing for Trustees Of The Free Public Library Of The Borough Of Pennington covers tax period 202312. It shows revenue of $232,315, expenses of $207,567, total assets of $211,934, and liabilities of $79,914.
How much does Trustees Of The Free Public Library Of The Borough Of Pennington spend on programs vs administration?
Based on IRS 990 analysis, Trustees Of The Free Public Library Of The Borough Of Pennington allocates approximately 60% of expenses to program services, 20% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Trustees Of The Free Public Library Of The Borough Of Pennington a trustworthy charity?
Based on AI analysis of IRS 990 data, Trustees Of The Free Public Library Of The Borough Of Pennington appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 1 strength noted.
What are the red flags for Trustees Of The Free Public Library Of The Borough Of Pennington?
The following concerns were identified: The library has maintained a consistent program funding percentage over the years, indicating stability.. Administrative costs have remained relatively low, suggesting efficient management practices.. There is a significant increase in fundraising efforts, which could indicate a strategic shift towards more external funding.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Trustees Of The Free Public Library Of The Borough Of Pennington's strengths?
Positive indicators for Trustees Of The Free Public Library Of The Borough Of Pennington include: The library has maintained a strong focus on its core mission, with consistent program funding.. These findings are derived from AI analysis of the organization's financial filings.
How does Trustees Of The Free Public Library Of The Borough Of Pennington compensate executives?
Executive compensation remains at zero, indicating a commitment to fiscal responsibility. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Trustees Of The Free Public Library Of The Borough Of Pennington?
1. Detailed program expenses are provided, showing consistent funding for library operations. 2. Administrative costs are relatively low, indicating efficient management. 3. Fundraising efforts have increased over the years, suggesting a strategic approach to resource acquisition. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is the breakdown of the library's spending?
The library spends approximately 60% on programs, 20% on administration, and 20% on fundraising.
How has the library's fundraising effort changed over the years?
Fundraising efforts have increased significantly, from 6% in 2016 to 20% in recent years, indicating a strategic shift towards more external funding.
Why is executive compensation at zero?
The library has a strong commitment to fiscal responsibility, with no executive compensation reported in the filings.
Filing History
IRS 990 filing history for Trustees Of The Free Public Library Of The Borough Of Pennington showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Trustees Of The Free Public Library Of The Borough Of Pennington's revenue has grown by 29.5%, moving from $179K to $232K. Total assets increased by 136.9% over the same period, from $89K to $212K. Total functional expenses rose by 18.3%, from $175K to $208K. In its most recent filing year (2023), Trustees Of The Free Public Library Of The Borough Of Pennington reported a surplus of $25K, with revenue exceeding expenses. The organization holds $80K in liabilities against $212K in assets (debt-to-asset ratio: 37.7%), resulting in net assets of $132K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $232K | $208K | $212K | $80K | — | — |
| 2022 | $204K | $195K | $148K | $41K | — | — |
| 2021 | $184K | $182K | $102K | $4K | — | View 990 |
| 2020 | $188K | $175K | $98K | $2K | — | View 990 |
| 2019 | $227K | $197K | $89K | $6K | — | View 990 |
| 2018 | $184K | $190K | $62K | $10K | — | View 990 |
| 2017 | $182K | $187K | $60K | $2K | — | View 990 |
| 2016 | $181K | $184K | $77K | $13K | — | View 990 |
| 2015 | $180K | $188K | $70K | $2K | — | View 990 |
| 2014 | $224K | $214K | $96K | $14K | — | View 990 |
| 2013 | $192K | $191K | $103K | $14K | — | View 990 |
| 2012 | $182K | $179K | $112K | $24K | — | View 990 |
| 2011 | $179K | $175K | $89K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $232K, expenses of $208K, and assets of $212K (revenue +13.9% year-over-year).
- 2022: Revenue of $204K, expenses of $195K, and assets of $148K (revenue +10.9% year-over-year).
- 2021: Revenue of $184K, expenses of $182K, and assets of $102K (revenue -2.0% year-over-year).
- 2020: Revenue of $188K, expenses of $175K, and assets of $98K (revenue -17.4% year-over-year).
- 2019: Revenue of $227K, expenses of $197K, and assets of $89K (revenue +23.6% year-over-year).
- 2018: Revenue of $184K, expenses of $190K, and assets of $62K (revenue +1.0% year-over-year).
- 2017: Revenue of $182K, expenses of $187K, and assets of $60K (revenue +0.5% year-over-year).
- 2016: Revenue of $181K, expenses of $184K, and assets of $77K (revenue +0.6% year-over-year).
- 2015: Revenue of $180K, expenses of $188K, and assets of $70K (revenue -19.8% year-over-year).
- 2014: Revenue of $224K, expenses of $214K, and assets of $96K (revenue +17.1% year-over-year).
- 2013: Revenue of $192K, expenses of $191K, and assets of $103K (revenue +5.5% year-over-year).
- 2012: Revenue of $182K, expenses of $179K, and assets of $112K (revenue +1.2% year-over-year).
- 2011: Revenue of $179K, expenses of $175K, and assets of $89K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trustees Of The Free Public Library Of The Borough Of Pennington:
Data Sources and Methodology
This transparency report for Trustees Of The Free Public Library Of The Borough Of Pennington 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.