Webster Memorial Library
EIN: 386052977 · Decatur, MI · NTEE: B71Z
| Metric | Value |
|---|---|
| Total Revenue | $376K |
| Total Expenses | $212K |
| Net Assets | $3.8M |
Is Webster Memorial Library Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Webster Memorial Library
Webster Memorial Library (EIN: 386052977) is a nonprofit organization based in Decatur, MI, classified under NTEE code B71Z. The organization reported total revenue of $376K and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Webster Memorial Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Webster Memorial Library is a small nonprofit that has been operating for 64 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -7.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $189K |
| Total Expenses | $212K |
| Surplus / Deficit | $-22,814 |
| Total Assets | $3.8M |
| Net Assets | $3.8M |
| Operating Margin | -12.1% |
| Months of Reserves | 217.9 months |
Financial Health Grade: B
In 2024, Webster Memorial Library reported a deficit of $23K with expenses exceeding revenue, holds 217.9 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Webster Memorial Library's revenue has declined at a compound annual growth rate (CAGR) of -7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +152.2% | +8.1% | +6.9% |
| 2023 | -74.5% | -4.7% | +4.2% |
| 2022 | +152.2% | +32.9% | -18.5% |
| 2021 | +19.7% | +0.8% | +19.2% |
| 2020 | -26.7% | +5.5% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1962 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Webster Memorial Library 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 Webster Memorial Library 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
Frequently Asked Questions about Webster Memorial Library
Is Webster Memorial Library a legitimate charity?
Webster Memorial Library (EIN: 386052977) is a registered tax-exempt nonprofit based in Michigan. It has 14 years of IRS 990 filings on record. Total revenue: $376K. No red flags identified. Financial health grade: B.
How does Webster Memorial Library spend its money?
Webster Memorial Library reported $376K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Webster Memorial Library tax-deductible?
Webster Memorial Library is registered as a tax-exempt nonprofit (EIN: 386052977). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Webster Memorial Library located?
Webster Memorial Library is headquartered in Decatur, Michigan and files with the IRS under EIN 386052977. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Webster Memorial Library have?
Webster Memorial Library has 14 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 $376K in total revenue.
Filing History
IRS 990 filing history for Webster Memorial Library showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Webster Memorial Library's revenue has declined by 64.3%, moving from $529K to $189K. Total assets increased by 20.3% over the same period, from $3.2M to $3.8M. Total functional expenses rose by 30.7%, from $162K to $212K. In its most recent filing year (2024), Webster Memorial Library reported a deficit of $23K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $189K | $212K | $3.8M | $0 | — | — |
| 2023 | $75K | $196K | $3.6M | $0 | — | View 990 |
| 2022 | $294K | $206K | $3.5M | $0 | — | View 990 |
| 2021 | $117K | $155K | $4.2M | $0 | — | — |
| 2020 | $97K | $153K | $3.6M | $0 | — | View 990 |
| 2019 | $133K | $145K | $3.6M | $0 | — | View 990 |
| 2018 | $247K | $144K | $3.6M | $0 | — | — |
| 2017 | $74K | $137K | $3.5M | $0 | — | View 990 |
| 2016 | $94K | $128K | $3.3M | $0 | — | View 990 |
| 2015 | $32K | $138K | $3.4M | $0 | — | View 990 |
| 2014 | $434K | $136K | $3.5M | $0 | — | View 990 |
| 2013 | $267K | $127K | $3.2M | $0 | — | View 990 |
| 2012 | $33K | $126K | $3.1M | $0 | — | View 990 |
| 2011 | $529K | $162K | $3.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $189K, expenses of $212K, and assets of $3.8M (revenue +152.2% year-over-year).
- 2023: Revenue of $75K, expenses of $196K, and assets of $3.6M (revenue -74.5% year-over-year).
- 2022: Revenue of $294K, expenses of $206K, and assets of $3.5M (revenue +152.2% year-over-year).
- 2021: Revenue of $117K, expenses of $155K, and assets of $4.2M (revenue +19.7% year-over-year).
- 2020: Revenue of $97K, expenses of $153K, and assets of $3.6M (revenue -26.7% year-over-year).
- 2019: Revenue of $133K, expenses of $145K, and assets of $3.6M (revenue -46.3% year-over-year).
- 2018: Revenue of $247K, expenses of $144K, and assets of $3.6M (revenue +235.6% year-over-year).
- 2017: Revenue of $74K, expenses of $137K, and assets of $3.5M (revenue -21.9% year-over-year).
- 2016: Revenue of $94K, expenses of $128K, and assets of $3.3M (revenue +191.2% year-over-year).
- 2015: Revenue of $32K, expenses of $138K, and assets of $3.4M (revenue -92.5% year-over-year).
- 2014: Revenue of $434K, expenses of $136K, and assets of $3.5M (revenue +62.6% year-over-year).
- 2013: Revenue of $267K, expenses of $127K, and assets of $3.2M (revenue +708.0% year-over-year).
- 2012: Revenue of $33K, expenses of $126K, and assets of $3.1M (revenue -93.8% year-over-year).
- 2011: Revenue of $529K, expenses of $162K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Webster Memorial Library:
Data Sources and Methodology
This transparency report for Webster Memorial 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.