Friends of Charlton Public Library Corporation

Nonprofit profile at a glance

EIN: 920949926
IRS 990-EZ coverage: 2022–2024
Forms available: Form 990-EZ 2024
Location: Charlton, MA, USA
Phone: 5082480452
Rating: 90
Verdict: STRONG
Rating confidence: Moderate
Sector: Single Organization Support

Reported finances

Revenue: $5,996
Expenses: $5,981
Assets: $5,511

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

PHYLLIS HANLON (PRESIDENT)

People named in this filing

PHYLLIS HANLON (PRESIDENT)
LYNN ARSENAULT (TREASURER)
GREG PARIS (VICE PRESIDE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of this corporation shall be to maintain a nonprofit organization of interested persons to advance and encourage appreciation, understanding, enjoyment, and public use of the educational and cultural facilities at the library, and to cooperate, when appropriate, with other groups to improve the cultural activities of the community. This corporation shall work in conjunction with the officers and staff of the library to achieve these ends, to acquaint the community with the needs of the library, and to help improve their facilities.

Operating model

Revenue model: Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

Financial Efficiency: 100
Transparency & Controls: 82
Sustainability: 41
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 99.7%; rating input score 100
Program expense ratio: 100%; rating input score 100

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: 0.3%; rating input score 46; 46th percentile among comparable filings
Total-asset coverage ratio: 0.92; rating input score 44; 44th percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: 72.2% per year; rating input score 100; 96th percentile among comparable filings
Revenue growth: 9% per year; rating input score 100; 80th percentile among comparable filings
Asset growth: 15.5% per year; rating input score 100; 81st percentile among comparable filings

Details

Where the money goes: 99.7% of revenue deployed · 100% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $6K in reported program spending
Leadership: top reported pay $0 · 4 people listed
Consistency: 6 of 6 current checks pass
Schedules: 2 filed schedules
Filing history: 3 filing years from 2022 to 2024
Contacts: How to reach this organization
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Moderate — Sustainability: Operating margin scored 46/100.
Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
Review — Sustainability: Officer compensation ratio scored 56/100.