Whipple Free Library Foundation
Whipple Free Library Foundation reported $55,533 in revenue and $14,414 in expenses in 2011, with no officer compensation.
EIN: 20524704 · New Boston, NH · NTEE: B117 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $14K |
| Program Spending | 85% |
| Net Assets | $91K |
| Transparency Score | 85/100 |
Is Whipple Free Library Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Whipple Free Library Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Whipple Free Library Foundation
Whipple Free Library Foundation (EIN: 20524704) is a nonprofit organization based in New Boston, NH, classified under NTEE code B117. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whipple Free Library Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Whipple Free Library Foundation is a micro nonprofit that has been operating for 24 years.
Key Financial Metrics (2011)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $14K |
| Surplus / Deficit | +$41K |
| Total Assets | $91K |
| Net Assets | $91K |
| Operating Margin | 74.0% |
| Months of Reserves | 75.5 months |
Financial Health Grade: A
In 2011, Whipple Free Library Foundation reported a surplus of $41K with revenue exceeding expenses, holds 75.5 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
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 Whipple Free Library Foundation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Whipple Free Library Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2011)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $41K, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation was reported in the 2011 filing, suggesting a volunteer-led organization or that compensation was below reporting thresholds, which is common for smaller foundations.
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 Whipple Free Library Foundation's IRS 990 filings:
- Only one filing available (2011), making current assessment impossible
- Zero revenue and assets reported in latest data, potentially indicating inactivity or reporting issues
Strengths
The following positive indicators were identified for Whipple Free Library Foundation:
- Strong program spending efficiency (85% of expenses estimated for programs)
- Healthy surplus in 2011 ($55,533 revenue vs. $14,414 expenses)
- No officer compensation reported in 2011, indicating volunteer leadership or low administrative costs
- Zero liabilities reported in 2011
Frequently Asked Questions about Whipple Free Library Foundation
Is Whipple Free Library Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Whipple Free Library Foundation (EIN: 20524704) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Whipple Free Library Foundation spend its money?
Whipple Free Library Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Whipple Free Library Foundation tax-deductible?
Whipple Free Library Foundation is registered as a tax-exempt nonprofit (EIN: 20524704). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Whipple Free Library Foundation's spending goes to programs?
Whipple Free Library Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Whipple Free Library Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Whipple Free Library Foundation is above average for NTEE category B117 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Whipple Free Library Foundation located?
Whipple Free Library Foundation is headquartered in New Boston, New Hampshire and files with the IRS under EIN 20524704. It is classified under NTEE code B117.
Is Whipple Free Library Foundation a good charity?
Based on the 2011 filing, the foundation appears to be a good charity, demonstrating strong financial health with a significant surplus and no reported officer compensation, suggesting efficient use of funds for its mission.
What is the primary source of funding for the Whipple Free Library Foundation?
The 2011 filing shows $55,533 in revenue, but the specific breakdown of funding sources (e.g., donations, grants, investment income) is not detailed in the provided summary.
How has the foundation's financial health changed since 2011?
Without more recent filings, it is impossible to assess changes in the foundation's financial health since its 2011 report, which showed $55,533 in revenue and $90,685 in assets.
Filing History
IRS 990 filing history for Whipple Free Library Foundation showing financial trends over 1 year of public records:
In its most recent filing year (2011), Whipple Free Library Foundation reported a surplus of $41K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2011 | $56K | $14K | $91K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Whipple Free Library Foundation:
Data Sources and Methodology
This transparency report for Whipple Free Library Foundation 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.