Whelden Memorial Library Corp
EIN: 42545204 · W Barnstable, MA · NTEE: B71Z
| Metric | Value |
|---|---|
| Total Revenue | $231K |
| Total Expenses | $268K |
| Net Assets | $571K |
Is Whelden Memorial Library Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Whelden Memorial Library Corp
Whelden Memorial Library Corp (EIN: 42545204) is a nonprofit organization based in W Barnstable, MA, classified under NTEE code B71Z. The organization reported total revenue of $231K and total assets of $549K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whelden Memorial Library Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Whelden Memorial Library Corp is a small nonprofit that has been operating for 57 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $223K |
| Total Expenses | $268K |
| Surplus / Deficit | $-45,026 |
| Total Assets | $579K |
| Total Liabilities | $8K |
| Net Assets | $571K |
| Operating Margin | -20.2% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 25.9 months |
Financial Health Grade: B
In 2024, Whelden Memorial Library Corp reported a deficit of $45K with expenses exceeding revenue, holds 25.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Whelden Memorial Library Corp's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.4% | +4.4% | -2.0% |
| 2023 | -4.0% | +15.8% | -1.8% |
| 2022 | -12.3% | -3.9% | -11.1% |
| 2021 | +17.2% | +0.8% | +14.2% |
| 2020 | -4.1% | +4.3% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Whelden Memorial Library Corp 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 Whelden Memorial Library Corp 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 $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Whelden Memorial Library Corp
Is Whelden Memorial Library Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Whelden Memorial Library Corp (EIN: 42545204) insufficient data. 0 red flags identified, 0 strengths noted.
How does Whelden Memorial Library Corp spend its money?
Detailed spending breakdown data is not yet available for Whelden Memorial Library Corp. Check back for updated IRS 990 analysis.
Are donations to Whelden Memorial Library Corp tax-deductible?
Whelden Memorial Library Corp is registered as a tax-exempt nonprofit (EIN: 42545204). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Whelden Memorial Library Corp located?
Whelden Memorial Library Corp is headquartered in W Barnstable, Massachusetts and files with the IRS under EIN 42545204. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Whelden Memorial Library Corp have?
Whelden Memorial Library Corp 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 $231K in total revenue.
Filing History
IRS 990 filing history for Whelden Memorial Library Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Whelden Memorial Library Corp's revenue has grown by 63.8%, moving from $136K to $223K. Total assets increased by 37.5% over the same period, from $421K to $579K. Total functional expenses rose by 80.5%, from $149K to $268K. In its most recent filing year (2024), Whelden Memorial Library Corp reported a deficit of $45K, with expenses exceeding revenue. The organization holds $8K in liabilities against $579K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $571K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $223K | $268K | $579K | $8K | — | — |
| 2023 | $204K | $257K | $590K | $21K | — | View 990 |
| 2022 | $213K | $222K | $601K | $5K | — | View 990 |
| 2021 | $242K | $231K | $677K | $5K | — | — |
| 2020 | $207K | $229K | $592K | $27K | — | View 990 |
| 2019 | $216K | $220K | $602K | $5K | — | View 990 |
| 2018 | $203K | $229K | $586K | $6K | — | — |
| 2017 | $174K | $193K | $593K | $5K | — | View 990 |
| 2016 | $186K | $175K | $582K | $6K | — | View 990 |
| 2015 | $208K | $178K | $584K | $5K | — | View 990 |
| 2014 | $200K | $168K | $557K | $4K | — | View 990 |
| 2013 | $195K | $159K | $491K | $9K | — | View 990 |
| 2012 | $164K | $165K | $417K | $0 | — | View 990 |
| 2011 | $136K | $149K | $421K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $223K, expenses of $268K, and assets of $579K (revenue +9.4% year-over-year).
- 2023: Revenue of $204K, expenses of $257K, and assets of $590K (revenue -4.0% year-over-year).
- 2022: Revenue of $213K, expenses of $222K, and assets of $601K (revenue -12.3% year-over-year).
- 2021: Revenue of $242K, expenses of $231K, and assets of $677K (revenue +17.2% year-over-year).
- 2020: Revenue of $207K, expenses of $229K, and assets of $592K (revenue -4.1% year-over-year).
- 2019: Revenue of $216K, expenses of $220K, and assets of $602K (revenue +6.3% year-over-year).
- 2018: Revenue of $203K, expenses of $229K, and assets of $586K (revenue +16.5% year-over-year).
- 2017: Revenue of $174K, expenses of $193K, and assets of $593K (revenue -6.3% year-over-year).
- 2016: Revenue of $186K, expenses of $175K, and assets of $582K (revenue -10.7% year-over-year).
- 2015: Revenue of $208K, expenses of $178K, and assets of $584K (revenue +3.9% year-over-year).
- 2014: Revenue of $200K, expenses of $168K, and assets of $557K (revenue +2.7% year-over-year).
- 2013: Revenue of $195K, expenses of $159K, and assets of $491K (revenue +18.7% year-over-year).
- 2012: Revenue of $164K, expenses of $165K, and assets of $417K (revenue +20.4% year-over-year).
- 2011: Revenue of $136K, expenses of $149K, and assets of $421K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Whelden Memorial Library Corp:
Data Sources and Methodology
This transparency report for Whelden Memorial Library Corp 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.