Friends of the Wells-turner Mem Library Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Friends of the Wells-turner Mem Library Inc is a 501(c)(3) organization based in Glastonbury, Connecticut, registered in 1973, with $93,262 in FY2024 revenue. CharityIndex grades it B.
2407 Main St, Glastonbury, CT, 06033 EIN 23-7299366 Since 1973
Revenue (FY2024)
$93K
▲ 44.2% vs prior year
Expenses (FY2024)
$45K
Net assets
$359K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Friends of the Wells-turner Mem Library Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating96 mo reserves · +52% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Friends of the Wells-turner Mem Library Inc: 96 mo reserves · +52% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Friends of the Wells-turner Mem Library Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Friends of the Wells-turner Mem Library Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2407 Main St, Glastonbury, CT, 06033
- City
- Glastonbury
- State
- Connecticut
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $49K (FY2015) to $93K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $6,670Net assets $359K
Operating margin
52.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$366K
Total liabilities
$6,670
Net assets
$359K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $93,262▲44.2% | $44,710▲19.0% | $359,153▲17.9% | $365,823▲18.1% | 990EZ |
| 2023 | $64,676▲27.1% | $37,567▲3.2% | $304,624▲18.8% | $309,732▲20.8% | 990EZ |
| 2022 | $50,903▲269% | $36,416▼41.4% | $256,425▲2.0% | $256,425▲2.0% | 990EZ |
| 2021 | $13,782▼49.2% | $62,092▼51.2% | $251,392▼10.2% | $251,392▼10.2% | 990EZ |
| 2020 | $27,136▼27.8% | $127,238▲285% | $279,945▼18.5% | $279,945▼18.6% | 990EZ |
| 2019 | $37,565▼46.4% | $33,066▼65.3% | $343,641▲1.4% | $344,030▲1.4% | 990EZ |
| 2018 | $70,037▲24.7% | $95,320▲60.4% | $338,844▼7.2% | $339,144▼7.2% | 990EZ |
| 2017 | $56,147▼7.1% | $59,418▼42.6% | $365,225▲0.7% | $365,385▲0.7% | 990EZ |
| 2016 | $60,436▲22.6% | $103,462▲94.8% | $362,864▼8.0% | $362,890▼8.0% | 990EZ |
| 2015 | $49,297 | $53,117 | $394,525 | $394,525 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $6,000 total
1 grant to Friends of the Wells-turner Mem Library Inc totaling $6,000, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $6,000 |
Frequently asked questions
- Is Friends of the Wells-turner Mem Library Inc a legitimate nonprofit?
- Yes. Friends of the Wells-turner Mem Library Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7299366, based in Glastonbury, Connecticut. Donations are tax-deductible.
- What is Friends of the Wells-turner Mem Library Inc's EIN?
- Friends of the Wells-turner Mem Library Inc's Employer Identification Number (EIN) is 23-7299366.
- How much revenue does Friends of the Wells-turner Mem Library Inc report?
- Friends of the Wells-turner Mem Library Inc reported $93,262 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Friends of the Wells-turner Mem Library Inc have?
- CharityIndex grades Friends of the Wells-turner Mem Library Inc B, based on financial health (reserves and operating margin).
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Data for Friends of the Wells-turner Mem Library Inc (EIN 23-7299366) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.