Worcester Public Library Foundation
Worcester Public Library Foundation maintains strong assets and zero executive compensation amidst fluctuating revenues.
EIN: 200066770 · Worcester, MA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $408K |
| Total Expenses | $212K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $408,464 |
| Net Assets | $2.1M |
| Transparency Score | 92/100 |
Is Worcester Public Library Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Worcester Public Library Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Worcester Public Library Foundation
Worcester Public Library Foundation (EIN: 200066770) is a nonprofit organization based in Worcester, MA, classified under NTEE code T22. The organization reported total revenue of $408K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Worcester Public Library Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Worcester Public Library Foundation is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $356K |
| Total Expenses | $212K |
| Surplus / Deficit | +$145K |
| Total Assets | $2.1M |
| Total Liabilities | $2K |
| Net Assets | $2.1M |
| Operating Margin | 40.6% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 120.4 months |
Financial Health Grade: A
In 2023, Worcester Public Library Foundation reported a surplus of $145K with revenue exceeding expenses, holds 120.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Worcester Public Library Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.5% | -34.8% | +10.3% |
| 2022 | +36.4% | -73.0% | -4.4% |
| 2021 | -93.1% | -45.2% | -30.0% |
| 2020 | +297.0% | +852.7% | +109.1% |
| 2019 | +460.1% | -19.0% | +218.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Worcester Public Library Foundation with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Worcester Public Library Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $145K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly favorable for a nonprofit of this size ($408,464 latest revenue, $2,252,330 assets) and indicates that all funds are directed towards the organization's mission and operational costs.
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 Worcester Public Library Foundation's IRS 990 filings:
- Significant revenue volatility, suggesting potential reliance on large, infrequent donations.
Strengths
The following positive indicators were identified for Worcester Public Library Foundation:
- Consistent 0% executive compensation across all filings.
- Strong asset base relative to liabilities ($2,252,330 assets vs. minimal liabilities).
- Positive net income in most recent periods (e.g., $356,486 revenue vs. $211,774 expenses in 202306).
- Consistent IRS 990 filing history (13 filings).
Frequently Asked Questions about Worcester Public Library Foundation
Is Worcester Public Library Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Worcester Public Library Foundation (EIN: 200066770) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Worcester Public Library Foundation spend its money?
Worcester Public Library Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Worcester Public Library Foundation tax-deductible?
Worcester Public Library Foundation is registered as a tax-exempt nonprofit (EIN: 200066770). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Worcester Public Library Foundation CEO make?
Worcester Public Library Foundation's highest-compensated officer earns $408,464 annually. The organization reported $408K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Worcester Public Library Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Worcester Public Library Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Worcester Public Library Foundation located?
Worcester Public Library Foundation is headquartered in Worcester, Massachusetts and files with the IRS under EIN 200066770. It is classified under NTEE code T22.
How many years of IRS 990 filings does Worcester Public Library Foundation have?
Worcester Public Library Foundation 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 $408K in total revenue.
Is Worcester Public Library Foundation a good charity?
Based on the available data, the Worcester Public Library Foundation appears to be a good charity. It demonstrates strong financial health with significant assets ($2,252,330), consistent IRS 990 filings, and a commendable record of 0% executive compensation, indicating efficient use of funds.
How has the organization's revenue trended over time?
The organization's revenue has shown significant fluctuations, peaking at $3,863,399 in 202006, but generally ranging between $200,000 and $900,000 in other periods, with the latest revenue at $408,464.
What is the organization's financial stability?
The organization demonstrates strong financial stability, consistently holding assets significantly greater than liabilities. For example, in 202306, assets were $2,125,432 against liabilities of only $1,828.
Filing History
IRS 990 filing history for Worcester Public Library Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Worcester Public Library Foundation's revenue has grown by 93.3%, moving from $184K to $356K. Total assets increased by 766.4% over the same period, from $245K to $2.1M. Total functional expenses rose by 37.9%, from $154K to $212K. In its most recent filing year (2023), Worcester Public Library Foundation reported a surplus of $145K, with revenue exceeding expenses. The organization holds $2K in liabilities against $2.1M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $356K | $212K | $2.1M | $2K | — | View 990 |
| 2022 | $362K | $325K | $1.9M | $2K | — | View 990 |
| 2021 | $265K | $1.2M | $2.0M | $25K | — | View 990 |
| 2020 | $3.9M | $2.2M | $2.9M | $27K | — | — |
| 2019 | $973K | $230K | $1.4M | $198K | — | View 990 |
| 2018 | $174K | $284K | $433K | $0 | — | View 990 |
| 2017 | $284K | $237K | $541K | $0 | — | View 990 |
| 2016 | $442K | $416K | $488K | $0 | — | View 990 |
| 2015 | $433K | $742K | $466K | $0 | — | View 990 |
| 2014 | $1.3M | $790K | $784K | $0 | — | View 990 |
| 2013 | $261K | $229K | $257K | $0 | — | View 990 |
| 2012 | $183K | $197K | $231K | $0 | — | View 990 |
| 2011 | $184K | $154K | $245K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $356K, expenses of $212K, and assets of $2.1M (revenue -1.5% year-over-year).
- 2022: Revenue of $362K, expenses of $325K, and assets of $1.9M (revenue +36.4% year-over-year).
- 2021: Revenue of $265K, expenses of $1.2M, and assets of $2.0M (revenue -93.1% year-over-year).
- 2020: Revenue of $3.9M, expenses of $2.2M, and assets of $2.9M (revenue +297.0% year-over-year).
- 2019: Revenue of $973K, expenses of $230K, and assets of $1.4M (revenue +460.1% year-over-year).
- 2018: Revenue of $174K, expenses of $284K, and assets of $433K (revenue -38.9% year-over-year).
- 2017: Revenue of $284K, expenses of $237K, and assets of $541K (revenue -35.6% year-over-year).
- 2016: Revenue of $442K, expenses of $416K, and assets of $488K (revenue +1.9% year-over-year).
- 2015: Revenue of $433K, expenses of $742K, and assets of $466K (revenue -66.8% year-over-year).
- 2014: Revenue of $1.3M, expenses of $790K, and assets of $784K (revenue +400.5% year-over-year).
- 2013: Revenue of $261K, expenses of $229K, and assets of $257K (revenue +42.7% year-over-year).
- 2012: Revenue of $183K, expenses of $197K, and assets of $231K (revenue -0.8% year-over-year).
- 2011: Revenue of $184K, expenses of $154K, and assets of $245K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Worcester Public Library Foundation:
Data Sources and Methodology
This transparency report for Worcester Public 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.