Friends of the Fall River Public Library Inc
Nonprofit profile at a glance
- EIN
- 237267453
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024
- Location
- Fall River, MA, USA
- Phone
- 5083242700
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $25,996
- Expenses
- $26,710
- Assets
- $39,975
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MARY AGNES MURPHY (PRESIDENT)
People named in this filing
- MARY AGNES MURPHY (PRESIDENT)
- THOMAS SOUSA (VICE-PRESIDE)
- ANGIE GASTALL (SECRETARY)
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 organization shall be to maintain association of persons interested in libraries: to focus public attention on the library to stimulate the use of the library's resources and services; to receive and encourage gifts, endowments and bequests to the library services and facilities for the community; and to support the freedom to read as expressed in the american library association bill of rights.
What it reported doing in 2024
In carrying out its exempt purpose, the organization was able to maintain an interest in libraries and focus public attention on the library so that people can use its resources and services. It received contributions and encouraged continued support of gifts and bequests to the library. It also focused on the freedom to read as expressed in the american library association bill of rights.
Operating model
- Revenue model
- Other-operating. 61% of the money available for current operations came from other operating revenue.
- 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: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; 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: -2.7%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 1.5; rating input score 57; 57th 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: 12.3% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 10.4% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 10.4% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $27K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2019 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 39/100.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.