Welles Turner Memorial Library Second Century Fund Inc
EIN: 223240235 · Glastonbury, CT · NTEE: B70Z
| Metric | Value |
|---|---|
| Total Revenue | $106K |
| Total Expenses | $9K |
| Net Assets | $1.1M |
Is Welles Turner Memorial Library Second Century Fund Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Welles Turner Memorial Library Second Century Fund Inc
Welles Turner Memorial Library Second Century Fund Inc (EIN: 223240235) is a nonprofit organization based in Glastonbury, CT, classified under NTEE code B70Z. The organization reported total revenue of $106K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welles Turner Memorial Library Second Century Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Welles Turner Memorial Library Second Century Fund Inc is a small nonprofit that has been operating for 33 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $64K |
| Total Expenses | $9K |
| Surplus / Deficit | +$55K |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | 85.6% |
| Months of Reserves | 1430.1 months |
Financial Health Grade: A
In 2023, Welles Turner Memorial Library Second Century Fund Inc reported a surplus of $55K with revenue exceeding expenses, holds 1430.1 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Welles Turner Memorial Library Second Century Fund 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 Welles Turner Memorial Library Second Century Fund 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 $55K, with revenue exceeding expenses.
Frequently Asked Questions about Welles Turner Memorial Library Second Century Fund Inc
Is Welles Turner Memorial Library Second Century Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Welles Turner Memorial Library Second Century Fund Inc (EIN: 223240235) insufficient data. 0 red flags identified, 0 strengths noted.
How does Welles Turner Memorial Library Second Century Fund Inc spend its money?
Detailed spending breakdown data is not yet available for Welles Turner Memorial Library Second Century Fund Inc. Check back for updated IRS 990 analysis.
Are donations to Welles Turner Memorial Library Second Century Fund Inc tax-deductible?
Welles Turner Memorial Library Second Century Fund Inc is registered as a tax-exempt nonprofit (EIN: 223240235). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Welles Turner Memorial Library Second Century Fund Inc located?
Welles Turner Memorial Library Second Century Fund Inc is headquartered in Glastonbury, Connecticut and files with the IRS under EIN 223240235. It is classified under NTEE code B70Z.
Filing History
IRS 990 filing history for Welles Turner Memorial Library Second Century Fund Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Welles Turner Memorial Library Second Century Fund Inc reported a surplus of $55K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $64K | $9K | $1.1M | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Welles Turner Memorial Library Second Century Fund Inc:
Data Sources and Methodology
This transparency report for Welles Turner Memorial Library Second Century Fund 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.