Wells River Library Asociation
EIN: 30230904 · Wells River, VT
| Metric | Value |
|---|---|
| Total Revenue | $66K |
| Total Expenses | $49K |
| Net Assets | $115K |
Is Wells River Library Asociation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wells River Library Asociation
Wells River Library Asociation (EIN: 30230904) is a nonprofit organization based in Wells River, VT. The organization reported total revenue of $66K and total assets of $133K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wells River Library Asociation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wells River Library Asociation is a micro nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $49K |
| Total Expenses | $49K |
| Surplus / Deficit | $-466 |
| Total Assets | $115K |
| Net Assets | $115K |
| Operating Margin | -1.0% |
| Months of Reserves | 28.1 months |
Financial Health Grade: B
In 2023, Wells River Library Asociation reported a deficit of $466 with expenses exceeding revenue, holds 28.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Wells River Library Asociation's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.7% | +10.8% | -0.4% |
| 2022 | +69.0% | -5.0% | +26.2% |
| 2021 | -29.6% | +13.2% | -6.4% |
| 2020 | +21.9% | -5.1% | +19.8% |
| 2019 | +1.0% | +0.6% | +4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wells River Library Asociation 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 Wells River Library Asociation 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 deficit of $466, with expenses exceeding revenue.
Frequently Asked Questions about Wells River Library Asociation
Is Wells River Library Asociation a legitimate charity?
Wells River Library Asociation (EIN: 30230904) is a registered tax-exempt nonprofit based in Vermont. It has 13 years of IRS 990 filings on record. Total revenue: $66K. No red flags identified. Financial health grade: B.
How does Wells River Library Asociation spend its money?
Wells River Library Asociation reported $66K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wells River Library Asociation tax-deductible?
Wells River Library Asociation is registered as a tax-exempt nonprofit (EIN: 30230904). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wells River Library Asociation located?
Wells River Library Asociation is headquartered in Wells River, Vermont and files with the IRS under EIN 30230904.
How many years of IRS 990 filings does Wells River Library Asociation have?
Wells River Library Asociation 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 $66K in total revenue.
Filing History
IRS 990 filing history for Wells River Library Asociation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wells River Library Asociation's revenue has grown by 40.3%, moving from $35K to $49K. Total assets increased by 177% over the same period, from $42K to $115K. Total functional expenses rose by 41.2%, from $35K to $49K. In its most recent filing year (2023), Wells River Library Asociation reported a deficit of $466, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $49K | $49K | $115K | $0 | — | View 990 |
| 2022 | $69K | $45K | $116K | $0 | — | View 990 |
| 2021 | $41K | $47K | $92K | $0 | — | View 990 |
| 2020 | $58K | $41K | $98K | $0 | — | — |
| 2019 | $47K | $44K | $82K | $0 | — | View 990 |
| 2018 | $47K | $43K | $78K | $0 | — | View 990 |
| 2017 | $37K | $42K | $75K | $0 | — | View 990 |
| 2016 | $42K | $41K | $79K | $0 | — | View 990 |
| 2015 | $44K | $46K | $68K | $0 | — | View 990 |
| 2014 | $42K | $40K | $69K | $0 | — | View 990 |
| 2013 | $39K | $37K | $59K | $0 | — | View 990 |
| 2012 | $37K | $35K | $47K | $0 | — | View 990 |
| 2011 | $35K | $35K | $42K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $49K, expenses of $49K, and assets of $115K (revenue -28.7% year-over-year).
- 2022: Revenue of $69K, expenses of $45K, and assets of $116K (revenue +69.0% year-over-year).
- 2021: Revenue of $41K, expenses of $47K, and assets of $92K (revenue -29.6% year-over-year).
- 2020: Revenue of $58K, expenses of $41K, and assets of $98K (revenue +21.9% year-over-year).
- 2019: Revenue of $47K, expenses of $44K, and assets of $82K (revenue +1.0% year-over-year).
- 2018: Revenue of $47K, expenses of $43K, and assets of $78K (revenue +25.1% year-over-year).
- 2017: Revenue of $37K, expenses of $42K, and assets of $75K (revenue -10.8% year-over-year).
- 2016: Revenue of $42K, expenses of $41K, and assets of $79K (revenue -5.1% year-over-year).
- 2015: Revenue of $44K, expenses of $46K, and assets of $68K (revenue +4.7% year-over-year).
- 2014: Revenue of $42K, expenses of $40K, and assets of $69K (revenue +9.0% year-over-year).
- 2013: Revenue of $39K, expenses of $37K, and assets of $59K (revenue +6.1% year-over-year).
- 2012: Revenue of $37K, expenses of $35K, and assets of $47K (revenue +4.8% year-over-year).
- 2011: Revenue of $35K, expenses of $35K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wells River Library Asociation:
Data Sources and Methodology
This transparency report for Wells River Library Asociation 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.