Friends of the Lexington Main Libra
Nonprofit profile at a glance
- EIN
- 570928261
- IRS 990-EZ coverage
- 2011–2025
- Forms available
- Form 990-EZ 2025
- Location
- Lexington, SC, USA
- Phone
- 8039202437
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $49,473
- Expenses
- $38,703
- Assets
- $68,291
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MATTHEW HOWARD (PRESIDENT)
People named in this filing
- MATTHEW HOWARD (PRESIDENT)
- RYAN MEARS (PAST PRESIDE)
- MEGAN PASEK-RANKING (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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote and foster among the community an interest in and support for the lexington main library; to provide opportunities for the role of the public library as a community resource; to serve as a medium for encouraging gifts, donations and bequests in support of the lexington main library; and to generally assist the library in showing through exhibits, programs, publications and by other means the resources and contributions of the library to the quality of the community.
What it reported doing in 2025
Through membership dues, book sales, gift shop sales, and special fund- raising activities, the friends provide funding for non-budgeted library projects and programs.
Operating model
- Revenue model
- Other-operating. 81% 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. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 82
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.8%; rating input score 72
- Program expense ratio: 91.4%; rating input score 91
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 21.8%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 1.76; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 27.8%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 5.2% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 7.6% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 5.7% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 71.8% of revenue deployed · 91.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $35K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- High — Sustainability: Officer compensation ratio scored 7/100.